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
  0.00 0.0% 19.85 0.00 08:00:25
Bid Price Offer Price High Price Low Price Open Price
19.30 19.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 71.50 -19.70 -20.40 19
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 19.85 GBX

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Date Time Title Posts
10/6/202108:31*** French Connection ***1,889
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 19.85p.
French Connection Group Plc has a 4 week average price of 18p and a 12 week average price of 18p.
The 1 year high share price is 31.80p while the 1 year low share price is currently 4.60p.
There are currently 96,612,934 shares in issue and the average daily traded volume is 134,011 shares. The market capitalisation of French Connection Group Plc is £19,177,667.40.
boonkoh: DFS trading update today: "In a trading update on Thursday, DFS said its order intake over the past ten weeks was 92 per cent higher than in the same period in 2019."Good for FCCN, licensing income from DFS must have been robust.
boonkoh: I'd love to take credit for today's near 10% rise, as the share price did only start moving after my message.What's going on? Good volume today too. Any bid rumours?
kinwah: Thomstar, I always blame algorithmic trading for these silly little trades of a few shares however it does look especially odd in FCCN today. If I was to speculate I think tomorrow could bring some more detailed news about the bid talks. That Apinder guy who bought Ashley's stock has probably had a chat with Marks by now so might be putting himself forward as another serious bidder. Marks may well want to sell his shareholding before 5th April depending on what is in the budget to take advantage of the 10% rate of tax with Entrepreneur's Relief. I sense things will happen quickly this time round with the bid discussions.
kinwah: Smicker, there will be an issue with IG Group for CFDs but not just yet. FCCN is on the list of shares where IG will stop doing business in CFDs and spread-betting from 29th March. All existing positions have to be closed by then.
matthewbrandon105: Share price is trying to break out! Might be good news soon!
matthewbrandon105: I don't agree with that. The share price has risen by 100% in a week and holding strong. Just wait for news which should come in the next week...
thesageofsaint: We need to remember that 70% of the equity is owned by two parties; founder Stephen Marks and Sports Direct. Unlike some composite low equity holding board led sales, this has the founder at the helm who is pricing his work of 50 years and Mike Ashley who is making a thumping loss at any price lower that 40p. So very little stock available to build a stake with for a hostile approach. Neither party if really interested will be building a stake and will only need to convince these two individuals to sell and it will be done. Conversely, if these two are unwilling to part at a price they believe undervalues, then no deal to be done. The share price movement is ultimately trading and betting on this outcome. A sale if it is to be done will likely be @40p in my opinion.
csmwssk12hu: Ticker. Price when posted. Now. High. Zaim. 2.9p. 4p. 6p. Fnx. 120p. 140p. 155p Fccn. 6p. 16p. 16.8p. Znwd. 8p. 14p. 16p. MHC. 1.4p. 2.5p. 3.2p. Amgo. 10p. 7p. 11p. DDDD. 93p. 126p. 145p GFRD. 95p. 132p. 133p. BOOM. 195p. 287.5p. 327p.
csmwssk12hu: That share price graph has been constant recovery since March last year didn’t really have a spike with the rest of the market just carried on climbing, still along way off the 41p bid price 12 months ago, suprised they haven’t been back yet
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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