John Lewis Of Hungerford Share Discussion Threads

[safman] 27/8/2004 11:56

it had the most successful result last yr..dec.. 28% down...added a few ...

saffy..

[steam_bullet] 07/6/2004 14:48

is there any light at the end of this tunnel?

[arthurconboy] 12/5/2004 20:02

interim results at rns dated 10 May.

happy hunting

[steam_bullet] 12/5/2004 14:01

you win some .. you...

[arthurconboy] 11/5/2004 11:31

might be a surprize coming eh

[carolineanne] 02/5/2004 11:57

I agree ..the website is much improved. Lets hope the share price does too!

[steam_bullet] 01/5/2004 19:36

The web site seems to have been recently overhauled - HUGE improvement!!

[lord c.] 29/4/2004 15:49

Lord C.>>>>santana

I looked at www.john-lewis.co.uk this afternoon.
The 2003 results ARE on there if you look and overall I thought the site highly professional. What do you not like about it?

It seems better than most to me..............I would be interested to hear what others feel about it.

Lord C.

[steam_bullet] 22/4/2004 19:45

Thanks for update Lord C. - much appreciated to have news from first hand experience. Fingers crossed...

[santana] 22/4/2004 18:01

Your presumption is wrong. I've got nothing to lose.You're the one constantly talking things up - i wish you an interesting time.

[lord c.] 22/4/2004 17:35

Lord C.>>>Santana

Unlike you, I went into the new showrooms in Wandsworth Bridge Road at lunch time today and talked to some of the (well trained,knowledgeable and enthusiastic) staff. The product range on display is superb,the new bathrooms impressive and the general ethos of the company shines through everywhere you look.

SW6 seems an excellent location - JLH did very well out of Jerry's in the Fulham Road until it closed down through no fault of JLH. The new site is better and should trade stronger. The south London presence will promote disproportionate growth.

I presume you sold your shares at the bottom for a loss which is why you are so bitter.

Lord C.

[safman] 22/4/2004 16:54

500K buy? ..

[santana] 22/4/2004 16:21

you seem to have a great deal of info on the new store that apparently only opened today. If it did open today why isn't it on their website.How do you know about staff training? As far as shares are concerned I am out and have moved into a more profitable area. I am only offering my view of their future and maintain that you would have to be off your rocker to buy any shares at present. Best of luck.

[lord c.] 22/4/2004 15:30

Lord C.>>>Santana

You and I have been disagreeing over these shares since they were 0.5p each.


The new flagship showroom in Wandsworth Bridge Road is designed to serve the whole of south east London rather than the immediate hinterland.There are an awful lot of chimney pots out there.

Have you seen the new store? I have. It's their best by a longway and includes new product ranges including bathrooms, which look pretty impressive to me.JLH will do very well there.

Staff are well trained,products exceptional value for money and pitched for the market they serve. A severe downturn could hurt them,but equally people who do not move home spend money doing them up.

The right market cap for this company should be circa £4.5/5.0 million ie about 3p per share.

I will put my money where my mouth is. I will buy you out at the current bid price with pleasure.

LOrd C.

[santana] 22/4/2004 09:26

Shares are on a downward trend.The new Showroom opening on the Wandsworth Bridge Road is located in an area showing one of the biggest property declines in the whole country.Much of home refurbishment these days is funded by debt and equity release.This level of personal debt is unsustainable and will affect expenditure on high cost items like kitchens.This is surely a time of consolidation not expansion.

You'd have to be very brave to consider these shares cheap!

[safman] 21/4/2004 14:33

cheers.. steam..

down today..ppl obviously bored.. very cheap indeed..

[steam_bullet] 21/4/2004 14:32

The JLH flagship store is opening on Thursday 22nd April at 9.00am at 156-158 Wandsworth Bridge Road, Fulham

[safman] 15/4/2004 11:33

still have these babies... imho.. cheap with dosh.. still have a largish holding here...

[lord c.] 15/4/2004 11:29

I am willing to match Winterfloods bid price and buy in much larger volume if anyone is interested...................

Lord C.

[carolineanne] 05/4/2004 21:32

I take your point. However, I think that in comparison with other products on the market this Company is still undervalued.

[santana] 01/4/2004 17:37

I do not know where you you get this idea from. Home office furniture represents a very small percentage of total turnover and is in decline.
The last annual report states:

" Unit sales of kitchens increased by approximately 7% whereas furniture unit sales declined 12% both compared to the prior year. Sales by mail order division 'Just Doors' were broadly flat."

[carolineanne] 01/4/2004 16:21

don't forget this firm not only does custom made & remodelled kitchens. They also produce home office furniture which is in demand...just think how many of us work from home these days......they recognised that potential years ago and this is one reason they are cash rich and able to pay dividends.I agree they are undervalued, and by a large margin. Anyway lets see what the 22nd April brings.

[santana] 01/4/2004 15:08

"The market has undergone significant changes, especially in terms of the retail environment, with some withdrawals from the marketplace and a major revamp of the leading players' store format. The principal driver to growth centres around the fact that the kitchen furniture market is heavily reliant on discretionary spending and tends to be boosted by a buoyant housing market. It is also the case that historic market growth has been compromised by promotional activity based on price reductions.

the market needs to address the fact that kitchen furniture is a low-priority potential purchase when compared with furniture for other household settings. A buoyant housing market is helpful, but cannot be relied upon in the long term."

all the negative projections are to be found deep within consumer credit figures.

--------------------------------------------------------------------------------

[safman] 01/4/2004 14:01

these guys have a record amount of profit.. extremely undervalued.. 1 mill in cash.. and they pay a dividend... not heard anything about kitchen retailers doing badly...