Joules Share Discussion Threads

[1madasafish] 07/11/2022 20:33

Do you know something we don't ? Buying £170k shares in anyone's book is a lot of money.

[guitars4stars] 07/11/2022 20:11

Lovely personal post that is rather hard to fathom? I'm a buyer today of 1,624,730 shares do you know something I don't know?

[babycheeky] 07/11/2022 19:51

You warned lOL

Pity you hadn’t warned yourself before engaging in you failed legal issues EKT. Judge had you off to a tee.

[babycheeky] 07/11/2022 19:44

Just try looking on the bright side for a change mate you might find you like it.

[debsdowner] 07/11/2022 19:43

1Madafish

No wonder NEXT pulled out things have gotten much worse, warm Autumn will mean an overhang of stock to get rid of on the cheap less than cost and more SALES through cost of living crisis will hit sales further.

When NEXT turned their back I warned to avoid.

Shareholders look like they will be wiped out on an equity raise or CVA.

[babycheeky] 07/11/2022 19:42

Barrie do you spend any time looking for companies doing well with an intention to invest ? Or do you past investment and financial failures leave you unable to ?

[babycheeky] 07/11/2022 19:40

What a saddo you are. You must be one of the most sad lonely men in Stockport. Doubt you have any friends Barrie.

[debsdowner] 07/11/2022 19:36

SHARECAST article funny but serious as well Joules could unwind like a wooly jumper:

Shares in Joules Group tumbled around 20% after the ailing retailer said it is in talks with its founder over bridge financing as poor trading means its working capital position is below expectations.

According to a statement, the group said it was holding discussions with founder and product director Tom Joule and its lender over a bridge financing proposal to "enable continued progress" with ongoing re-financing plans.

If it is unable to attain this bridge financing, it will not be able to pay its short-term revolving debt facility of £5mln due on 30 November, it said.

AJ Bell investment director Russ Mould said: “The curse of the wrong type of weather has struck again, with Joules saying that sales of jumpers, coats and wellies have disappointed because the past few months have been relatively mild.”

“This is disastrous for Joules because it was already struggling and needs every possible penny hitting its tills to help put the business back on track.”

Mould suggested “The fact Next pulled out of investment talks in September with the retailer would suggest Joules could unwind as easily as a cat pulling yarns from a woolly jumper.”

“The clock is almost certainly ticking with regards to getting more cash through debt or an equity investment.”

“Next might have taken a page out of Mike Ashley’s playbook – wait in the wings in case the target goes into administration and then pick up the brand on the cheap. This strategy would mean Next doesn’t have to bother with the operating business and its associated problems" Mould said.

[babycheeky] 07/11/2022 18:03

Barrie just visit some of their stores, might make a change for you from Lidl and Primark.

[debsdowner] 07/11/2022 17:51

The MAIL thinks like me that NEXT could be waiting in the wings for administration very foolish buying in at moment:

"The firm launched a turnaround plan in September after retail giant Next abandoned plans to inject £15million into business.


However, the high street giant could just be waiting in the wings 'in case the target goes into administration and then pick up the brand on the cheap', according to AJ Bell's investment director, Russ Mould.

'This strategy would mean Next doesn’t have to bother with the operating business and its associated problems,' he said.

'The clock is almost certainly ticking with regards to getting more cash through debt or an equity investment.'

[guitars4stars] 07/11/2022 17:37

Very good & thank you!

[1madasafish] 07/11/2022 17:21

Good luck ??

[guitars4stars] 07/11/2022 17:14

Agreed,Bought in today 1,624,730 shares.Looking forward to a re-rating once investors realise the background quality of investors & management here.All the best!

[babycheeky] 07/11/2022 16:15

That's right Barrie keep posting something negative you have found if that makes you feel better about yourself.

What a sad life you must lead, I bet your a ball of fun at Stockports Spoons LOL

[debsdowner] 07/11/2022 16:12

1madafish, I think your earlier post made some sense Joules would fit better with Frasers it could cut costs but he won't be interested making a bid at the moment and moreover I am concerned as to whether the company is still running a loss.

In the meantime according to retail experts Springboard, UK footfall fell 7.5% last week, following a rise of 8.2% in the week prior, as footfall dropped 10.1% on high streets, 7.7% in shopping centres, and 1.8% in retail parks.

Footfall declined 3.8% in Scotland and 12.5% in the South West, with Wales and Northern Ireland being the only places to see footfall increase - up 0.4% and 7.2%, respectively.

While the 2019 footfall gap widened to -9.8% from -9% in the week before, the 2021 uplift increased from 3.2% to 5.2%.

Springboard's Diane Wehrle said: "With schools returning after the half-term holiday, footfall in UK retail destinations dipped noticeably last week on the back of a strong comparable in the week before last.

"Inevitably, the types of towns that recorded the greatest increases in footfall in the week before last - coastal and historic towns and Central London - all recorded the greatest drops last week. At a broader geographic level, footfall declined in all but two areas of the UK, with double-digit drops in the South East and the South West."

[1madasafish] 07/11/2022 15:51

For me, yes some of the profitable stores will be of interest to someone. A CVA is an option but very dependent on if the landlords are willing to play ball and like you say if someone with deep pockets is willing to invest in the short term. I don't think Ashley's organisation will jump in at this stage because he has his own business to worry about. He'll risk losing out for the potential to pick it up in a fire sale. I hope Tim Joules can save his baby but this latest announcement doesn't make for good reading.

[debsdowner] 07/11/2022 15:39

1madafish, that is what I thought could happen, wait while it gets into a worse situation and then buy it for next to nothing.

However I smell a different scenario and that would be a CVA to get rid of some of the shops which arent making money as not all will be profitable. But they need money and creditors will want that paid down so someone will have to stump up at the very least £10 million or even £20 million and I can only see the large shareholders doing that but dont't know how much the the founder has or if he is willing to take the risk on.

Its not a good situation knowing debt has risen not fallen that suggests to me the company is still losing money !

Any thoughts?

Put it this way you won't invest now and I am surprised the share price has not fallen more than 24%.

It's worthless at the moment with all that debt.

[1madasafish] 07/11/2022 13:46

Frasers will be waiting in the wings if Joules hits serious trouble. Joules will undoubtedly survive but without the onerous leases/offices. Online, within sportsdirect and small concessions seems a perfect fit for them now. Just my opinion.

[clocktower] 07/11/2022 13:37

Very sad to see another possible mid-range brand in such a situation but they have themselves to blame for much of this situation imo.

[debsdowner] 07/11/2022 12:00

1Tx

Yes agreed.

[debsdowner] 07/11/2022 11:57

1madafish, I concur with what you are saying I just didn't bother saying too much for fear of a backlash.

cottlet,

I don't like ASOS nor BooHoo at the moment with the cost of living crisis geting worse and it will affect both those.

Frasers is a medium bet and take a look at MARKS but wait for the trading statement this week.

JD Sports has always been well run but previous management been investigated by FCA but I think they are now gone to be truthfull haven't followed them for a while.

As you say retail been trashed and it will get worse so be carefull.

[1tx] 07/11/2022 11:52

I think it is probable that Joules will survive in some form as a going concern as it is a attractive brand although I think there is a very high risk of near or total wipeout of existing shareholder value as new investors will require a higher degree of security than existing shareholders .New stock appears to be coming into the shops on a regular basis(Living in the South Lake District I have four Joules shops in my area!) although I get the impression looking at the stock offer there is a narrower range of goods in the shops than I would expect so it appears that somehow stock is being financed,how and who by I have not a clue.The immediate risk to existing shareholders apart from the poor news is that to remain listed Joules has to produce audited going concern accounts no later than 30 Nov for the year to end May.I am sure that the accounts have been done the problem is that Directors have to state that they have a reasonable expectation that company has funds to remain in business for the next 12 Months and the auditors have to agree to this statement.Without a firm offer of new finance in the immediate future it is a tough deadline to meet.