Share Name Share Symbol Market Type Share ISIN Share Description
French Connection Group Plc LSE:FCCN London Ordinary Share GB0033764746 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  1.45 15.18% 11.00 533,780 16:35:22
Bid Price Offer Price High Price Low Price Open Price
10.10 11.00 10.90 10.00 10.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 119.90 -7.30 -8.20 11
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:22 O 2,976 11.00 GBX

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Date Time Title Posts
25/11/202000:48*** French Connection ***1,522
03/2/202019:59FCUK ME IM SELLING IT274
20/2/201715:45FCUK ME IM BUYING IT541
02/12/201511:58FCCN Delicious @23p-24p6
05/1/201508:52Could this company come back into fashion?2

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French Connection Daily Update: French Connection Group Plc is listed in the General Retailers sector of the London Stock Exchange with ticker FCCN. The last closing price for French Connection was 9.55p.
French Connection Group Plc has a 4 week average price of 6.65p and a 12 week average price of 4.60p.
The 1 year high share price is 39.10p while the 1 year low share price is currently 3.28p.
There are currently 96,612,934 shares in issue and the average daily traded volume is 240,702 shares. The market capitalisation of French Connection Group Plc is £10,627,422.74.
csmwssk12hu: Another 10% up with strongest volume in months, online retailers doing well in lockdown, DFS licensing money at record level and Mike Ashley needing to make moves now before vaccine boost sends prices back to pre covid, bid in January rejected at 41p so what would bid accept now if another bid was made, something in air as last few days been large volumes and price increases all imho dyor
netcurtains: Its a good brand and great nav but since they have closed most of their shops is the brand worth much and is the great nav (clothes) saleable at a good price?
smicker: You should sell your holding. I find thats great at generating an upward run in price.
csmwssk12hu: It’s like the forgotten share on the market this, am I the only one here, not even had a COVID vaccine bounce, still think it’s an amazing brand
csmwssk12hu: They have £15m available just arranged with 2 years maturity, holding till one hour passed, I have noticed virtually all reported trades are sales yet price has ticked up which tells me there is a buy order being filled, cash 5.2m tax credits 4m plus stock this has 16p minimum written all over it, they are closing stores regardless of COVID moving to online, wholesale and licensing, seems to have settled around 7.5p time for a flutter, last trading statement looked like this and by 3pm they had trebled in price
netcurtains: OK dont know the full picture but here was a "better than expected" thrown into the mix and online up by 24%.. So for a share price as low as 5p I think we're getting a bit of a bargain. But who knows what the market thinks. Looks good to me. selected hi-light from update: " we have continued to operate our own websites in both the UK and USA, with sales up 24% over the last 15 weeks. In addition, we have continued to supply a number of the predominantly online wholesale customers during this period. Since the general reopening of stores we have seen a significant upturn in interactions with the majority of our other wholesale customers in the UK and Europe, who have now started to trade again. Over the lockdown period the collection of receivables from our supportive wholesale customers has been better than expected. " Sounds like the wholesale side has allowed them to get some cash flowing into the business (they are keeping quiet on numbers as it sort of is a trade secret)
netcurtains: Thanks Fund1 and bdbiometric. Both very useful as guides. Like Mr Greed and Mr Fear... Keeps us on the straight and narrow path. So how NETNET is FCCN? The problem is am I using the right figures? Are there later values? I have total liabilities: 49900.00 I have total current assets: 54400.00 I have market capitalisation: 4.93M (a.total_current_assets-a.total_liabilities) / (b.market_capitalisation*1000) netnet = 0.9 of a NET NET (just .1 out). NAV per share is insanely high (about 45p)..... So on face value FCCN is a bargain.... On face value Mr Warren Buffett would buy the entire company and sell all the bits for about 40p a share and give some massive insane dividend payment
netcurtains: Kingfisher reported today. Did really well on HOME WEAR. Share price went up at least 12%. and of course the bad press BooHoo is getting is bound to help competitors like French Connection grab some extra sales...
netcurtains: Re: The above EVE beds trading statement re "STRONG HOMEWARES MARKET".... You will note French Connections homeware also includes BEDDING: Https:// NET NET? Current Assets 54M Total Liabilities 50M NAV per share: in 2019 balance sheet 49p.... Current share price 6p (to buy)
lomcovaks: Joules, Paul covered the HoF situation in his daily small cap report of the 14th August. hxxps:// I know he occasionally reads these boards so I do hope that he won't mind my copy and pasting the relevant section here for the interest of members who may not subscribe to the Stockopedia article. It's free and a wonderful resource for investors:- French Connection (LON:FCCN) Share price: 48.1p (+0.4%) No. of shares: 96 million Market cap: £46 million A brief comment from me on the situation re French Connection (LON:FCCN) and its exposure to House of Fraser. This has been a known issue for some time, for people who understand the business. FCCN has concessions (a store within a store) in department stores, including House of Fraser. These are typically small operations, with minimal staff and little stock. The way concessions work is that all sales are "banked" through House of Fraser's EPoS system. HoF then sits on the money for, I am told, about 2.5 months. As HoF has been on the brink of going bust for some time, it was worth working out the potential liability to FCCN. Thankfully, a retail FD friend of mine worked out the figures some time ago. He reckoned there was a potential bad debt to FCCN of about £2m (probably less), if/when HoF went bust. Since HoF went into Administration, then that crystallises the loss for FCCN and other concessions. Mike Ashley would not be paying those debts as part of his acquisition, as pre-Administration trade payables are unsecured creditors, hence usually are paid nothing in this type of insolvency. How is the £2m estimated bad debt for FCCN worked out? Estimated 40 concession sites within HoF stores. Estimated annual turnover per concession of £200k Giving £8m estimated annual revenues for FCCN from its HoF concessions. Assume the bad debt is perhaps 3 months takings, arriving at an estimate of £2m bad debt for FCCN. That's not material, since FCCN has a market cap about £46m, and has substantial net cash - so it can afford to write off a £2m bad debt without any consequences. FCCN will also have to write-off fixtures & fittings related to its HoF concessions, or at least the ones that are to be closed. This again will not be material, and is non-cash, so not a problem. The inventories within HoF stores remain FCCN's property, and if necessary can be moved to other FCCN sites, so there should not be any write-offs relating to inventories. Going forwards, this might prove a nice opportunity for FCCN to accelerate the reduction of its heavily loss-making retail division. So I feel that, once the dust has settled, the market might actually see this as a positive. To reiterate, the sooner the FCCN retail stores are closed, the better, as they lose money hand over fist! The value in the business is the profitable wholesale & brand licensing divisions. It amazes me that this is so obvious, yet "the market" seems oblivious to it. There was a takeover approach last year, which must have been serious, since the board apparently spent several months assessing it & allowed the potential acquirer to do due diligence. It's only a matter of time before the business is sold, because the founder/chairman is into his 70's now, and must be looking for an eventual exit (otherwise he wouldn't have engaged with the potential acquirer last year). I've worked out that FCCN has several stores which are literally black holes for cash, in terms of losses. The leases on these should soon expire. That means that profitability should make a step change upwards. That's what's interesting about this cash-rich company. The brand is still very valuable, and I'm hoping for an eventual payout here of 100-200p, on a trade sale. This special situation is certainly one for patient investors only! I'll be insufferable when the payday does finally come, lol! The recent share price softness, presumably on worries over HoF, looks overdone to me, so if it goes much lower, I'll be topping up. But it's already one of my biggest long positions, so maybe it's not wise to tie up too much cash in this one? I imagine there is likely to be an RNS from FCCN very soon, detailing the cash losses due to HoF insolvency. It should also give us some detail on the non-cash write-offs (e.g. F&F), plus an update on what's happening going forwards. I imagine this is likely to say that some HoF concessions will continue, but some will be closed. They'll obviously only keep the profitable ones, and this is a nice opportunity for FCCN to re-negotiate terms with Mike Ashley, on a take it or leave it basis (giving him a taste of his own medicine!). Therefore FCCN should emerge with a more profitable concessions operation after this process has been completed. Hence I'm rather looking at this as glass half full, rather than glass half empty.
French Connection share price data is direct from the London Stock Exchange
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