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JOUL Joules Group Plc

0.00 (0.0%)
08 Dec 2023 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Joules Group Plc LSE:JOUL London Ordinary Share GB00BZ059357 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 9.22 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
9.40 9.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 9.22 GBX

Joules (JOUL) Latest News

Joules News

Date Time Source Headline
09/5/202313:28ALNCNewsFRC opens investigation into Deloitte's audit of Joules accounts
19/12/202207:00UKREGAIM Cancellation - Joules Group plc

Joules (JOUL) Discussions and Chat

Joules Forums and Chat

Date Time Title Posts
01/1/202311:24Joules Group,will it shine?1,879

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Joules (JOUL) Most Recent Trades

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Joules (JOUL) Top Chat Posts

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Posted at 04/11/2022 10:48 by debsdowner

You have avoided my reasoning without giving a logicol answer.

This company has time and time again had to warn on proftis so it shows a breach of duty to shareholders.

They have warned that the company has breached it's bank covenants and seen the share price fall significantly then the market is told a large shareholder has increased his stake by about 1% and been taken round the company head office !!!

We then see the share price rise significantly in the last week.

Well I don't know where you are commimng from but it smells to me !

It seems to me the company should now update the market having seen the share price rebound after the company has invited the motor dealer inside their offices.

Either tradijng has improved or if it hasn't then the company needs to inform the market what is the position with their bank loans and what they intenddoing about the situation, they have had long enough.
Posted at 10/10/2022 06:36 by debsdowner
OH dear Joules forced into making a statement before the share price jumps up:

" Whilst this remains the Board's focus, the Company also continues to consider a range of other potential options which may be available to it, where a CVA is one of a number of such alternatives, and notes it has not determined if such alternatives are required. A further announcement will be made if and when appropriate."

So SKY was right Joules is being advised to seek a CVA as one of the options, the new holder may get stung !

Also buyers on last week could also lose their shirts. It seems to me things not turning around as some thought.

For those that don't understand a CVA is a company voluntary administration !

Could mean zilch for shareholders.
Posted at 09/10/2022 14:42 by debsdowner

This isn't the case I was negative on Debenhams for years and the company went bust.


Have already said the share price will probably bounce tomorrow what is negative about that ?

What I also think is someone got a whiff of an article comming up in the Mail sometimes yoo get a similar bounce in a share mag where the market makers get a whiff of the article before it is published. The market maker tend to mark up sharply before the buying starts then mark down when the buying slows. Market makers rely in psychology in trading.

All I am saying is the company has already warned on profits and already warned about debt, and unless the corner has turned investors take a large risk.

Now the guy who has invested 900K in Joules is taking a risk but it is small change to him.

Mike Ashley has done that numerous times he bought a shed load of Debenhams and lost more on put options. Ashley also lost a shed load in one of tbe banks cannot bring it to mind at the momebt could have been Halifax, but Ashley not a banker nor is the investor here a fashion guru.

I would have been more enthusiastic with Lord Wolfson building a stake then recommended people buy in.

But Lord Wolfson is far more canny that this guy who has increased his investment.

But good luck the share price will probably rise tomoorow and hopefully towards 20 pence.

But bear in mind there is no compelling reason to but at the moment the compaby has already warned of losses even before the economy worsens.
Posted at 29/9/2022 14:35 by debsdowner

Not a bit surprised at this news the share price fallen too much for a placing and the company needs to go into insolvency to wipe off debts.

I think its the end of Joules now and shareholders need to exit quickly before the share price goes to less than 1 pence.
Posted at 19/9/2022 20:46 by chin tu fat
Frasers Group PLC (LSE:FRAS) might have failed with its MySale acquisition at this stage, but its corporate shopping spree shows no signs of slowing down.

The Australian online fashion marketplace knocked back a 2p per share, £13.6mln offer made last month after Frasers had built a 29% stake in the firm.

While unsuccessful on this occasion, it isn’t the first time Mike Ashley’s company has dipped into what is a buyers' market.

I Saw It First, Missguided and Studio Retail have been snapped up alongside an increased stake in Hugo Boss, but the attempted acquisition of MySale seems a rare setback

Cost of living, inflation and general uncertainty in the market would usually dictate that firms look to consolidate their balance sheets but Frasers announced bumper results in July and that means there is cash to spend at a time when many competitors are distressed.

Depressed market
Share prices across the retail sector have tanked over the course of the year as consumers cut back on spending across the board.

As a result, bigger firms like Frasers are building strategic positions, increasing their stakes in companies or outright buying them.

“Valuations across consumer-related sectors are pretty depressed, given the factoring in of a recessionary environment,” said John Stevenson, a retail analyst at Peel Hunt

“If you look across the sector, valuations are fundamentally attractive if you’re looking at it from a three to five-year view,” he added.

Julie Palmer, a partner at corporate restructuring firm Begbies Traynor (AIM:BEG) notes that “it’s a really good landscape to be opportunistic for a cash-positive business.”

Are there any signs it will slow down?
Given the current state of the play in the wider market in general, it makes sense for Frasers to continue to push ahead with even more acquisitions.

Joules next?
Interestingly, Palmer notes that Joules could potentially be Frasers’ next target, although this is just her opinion.

Next walked away from acquiring a stake in the clothing and homeware company and that may open the door for Frasers to swoop in.

It makes sense, the share price is down from highs of 300p three years ago to around 45p now and Palmer notes how Ashley is looking at ways to “knit bits of retail together so they can work much more symbiotically.”;

Frasers’ attempted acquisition of MySale is a sign of exactly that, according to Palmer, with the Australian group specialising in getting rid of unwanted stock in the west, and selling it in markets in the East.

“Naturally, he (Ashley) will look across shores,” as he looks at ways of turning a process which is currently run by humans more automated with regards to returns.
Posted at 28/8/2022 23:55 by masurenguy
Next cools on Joules rescue deal

Sky News said yesterday that Next had not received enough financial information to make a formal proposal and that there were questions about whether it would proceed with the deal at no less than 33p a share, the level of the share price when the talks were first revealed. This is because the value of Joules has fallen: on Friday its shares closed at 25½p.

Liberum, its house broker, had thought the company would make a pre-tax profit of £3.4m in this financial year, but is now expecting a loss of £7m. Its analysts also cut their estimates for the following year, predicting that Joules would just about break even, having initially pencilled in a £3.6m profit. As of the end of July, net debt stood at £21.1m, having started the year with net debt of just over £5m.

No position.
Posted at 19/8/2022 09:34 by debsdowner -- Shares in Joules Group (LON:JOUL) slumped again on Friday after the struggling fashion brand said trading conditions had worsened since its last update only a couple of weeks ago - a development that puts a question mark over ongoing talks about an investment from larger rival Next PLC (LON:NXT).

Joules said it now expects a "significant loss" for the first half of its fiscal 2023 years, after trading "softened materially" in the five weeks through mid-August, leaving sales down 8% and retail margins down 6% from year-earlier levels in the first 11 weeks of fiscal 2023.

"While overall margins have been weak in the year to date, we expect partial recovery in the coming months as sales of full price Autumn/Winter collections become a more important part of the mix," the company said.

The expected loss leaves the company perilously close to exhausting its available liquidity. Net debt currently stands at 21.1 million pounds ($25.1 million), leaving headroom of only 11.4 million pounds as it scrambles to build inventory ahead of the key Christmas holiday season.

Joules shares were down 34% by 05:00 ET (09:00 GMT).

Joules said it expects to have to ask its bank to waive the covenants on its credit facilities. Whether the bank will do that may depend to a large extent on the progress of talks with Next over a possible equity investment and a distribution agreement that would see Joules' ranges included in Next's thriving online platform.

Joules repeated on Friday that "there can be no certainty that these discussions will lead to any agreement, and further announcements in this regard will be made if and when appropriate."

The company said it is "in positive discussions" with its bank regarding its liquidity needs, and also regarding its medium-term financing, "including a review of covenants to enable progress on the previously announced business simplification and cost reduction measures."

Joules has been forced into emergency cost-cutting after being caught out by the sharp slowdown in U.K. consumer spending this year, and by the continued difficulties in shipping to the U.S. owing to shipping bottlenecks. Figures released earlier by market research firm GfK showed U.K. consumer confidence slumped to a new all-time low in August, as inflation surged over 10% for the first time since the 1970s.
Posted at 07/8/2022 15:43 by debsdowner
I suspect Joules will issue an RNS out now the news has been leaked, Bloomberg say NEXT is seeking to make a £15 million stake in the company:

"(Bloomberg) -- British clothing and housewares chain Next Plc is in talks to acquire a minority stake in troubled retailer Joules Group Plc for about £15 million ($18.1 million)."

The potential investment will be made “at no less than” its current market price, Joules said in a statement responding to a report it was looking to sell a roughly 25% stake to raise capital.

I think there must have been a leak at least a week ago seeing the share price spike up more than 50% from its bottom.

40p-50p ?

I doubt if investors will be able to try and buy at the agreed price but who knows, the directors will be working on a statement this weekend, and the marker makers will price before the market opens.
Posted at 01/4/2022 17:55 by debsdowner
Joules have a up to 50% off sale and a further 15% off mid season sale:

With Joules having an almost permanent sale it doesn't suggest to me the company are doing roaring trade.

Sales simply reduce margins and if they have to discount at 50% there is nothing left.

Of course not everything is being discounted at those levels and some people will pay full price, but quite a lot of the public wait for sale prices and if you have to rely on constant sales there is something wrong with the business model.

With the share price not making much headway it looks concerning to me and I have researched retailers for years.

The cost of living crisis has got to affect retailers they are not immune to a sales decline.

The only good thing about Joules is their acquisition and third party sales but its going to take a few momths to asses that.

I think it's too early to invest at the moment the share price could fall further.
Posted at 26/3/2022 21:30 by debsdowner

Lets face it NEXT is a well run long establidhed brand and Lord Wolfson knows retail i nside and out that is why its a very profitable company and worth more than Marks & Spencer.

Joules in comparison is a relatively small company with a mix of third party brands, but dont get me wrong its quite a niche business but only because of third party brands but which come at smaller margin. Its core business fashion isn't much difference to other fashion business like Ted Baker and a pair of chinos is a pair of chinos there are lotss of competition and little difference in the product.

Joules is up agsinst Gant and Ted Baker and a whole range of middle brands all competing against one another.

When you look at the 5 year history here it's OK but they have had some lumpy profits and losses and there is no real consistency that is the concern.

When you look at the worts case scenario where they would breach their banking covenants you have to add a lot of risk.

I hope the opposite occurs however and they sustain their growth projections but at the moment its to early to say.

Most retailers shares have taken a hit the last month or two so Joules is not on their own.

I would be wondering why the founders haven't topped up their holdings but I don't know whether they are in a closed period which prevents them from buying.

The company reminds me of Austin Reed but I think Austin Reed was more premium brand I say that becasue I have actually bough some Joules clothing and had mixed thoughts on the brand.

The shirts are a bit short on arm length if you bought GANT you would find more material for your dollar so to speak. The more material the more it costs to produce but the less material and worse it fits. So I do know what I am talking about having bought some of Joules clothes and compared them to other brands.

Joules falls short in comparison to GANT, Burberry, Jacques Vert, Ted Baker, Reiss there are a multitude of brands out there which Joules has to compete with too many to mention and Joules only has a small percentage of the clothing market.

Joules needs to keep hold of their customers and try and gain market share and they are trying to do it with third part sales such as Marks & Spencer but then the margin falls considerable.

But when you sell third party and to say Marks they want their pound of flesh and discounting then erodes any profit.

I would say there is a lot of risk here but if the company does surprise with improving profits to the upside and beats market expectations you would see a sharp rebound in the share price, but at the moment it is too early to tell.

You need to know someone on the inside who has the weekly figures but companies tend to keep these things very tight, some managers may in the shops may have a clue but only about there own sales per branch and most wouldn't tell you anyway.

What you tend to find is the market itself gives you a clue if you see the share price rising significantly the market tends to get a whiff of things improving.

You are right about retail sales but they dont take account of future sales and economic hit from rising costs of energy and fuel nor inflation in other sectors. Wages aren't keeping up with inflation.
Joules share price data is direct from the London Stock Exchange

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