||EPS - Basic
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Merchant Retail Share Discussion Threads
Showing 301 to 324 of 325 messages
|Expected all along chiva20. A great deal.Best move|
|You have your answer Clocktower|
|The surge in price, could it be because they either are about to do a deal or have sold the last dept. store they own?
Looking good the last few sessions.|
|I see they have agreed a sales tax in Jersey...I hear retail is still suffering in Jersey due to thus 20 means 20 tax.
|Now that CI Traders have purchased Safeway stores in the Channel Islands for £51m, it seems unlikely they would buy the only Dept store in this group in view of their borrowings that are already very high.
I also noted that CI traders are having a tough time in non food retailing in Jersey, sales down on M & S clothes, Mango Store to close as it lost £100k last year.
These conditions must reflect on the trading of this group.
Could HoF be interested or will they struggle to find a buyer and see damage done to the whole business as this drags them backwards?
The faster they sell the store the better for MR.|
|If they are considering selling the last dept store I think they will struggle to get a good price as my contact that trades with Jersey tells me the High Street is suffering, with the like of Lush closing its store.|
|I agree a good price was achieved alan.
With the High Street finding things tuff, TPS will also be finding business harder to come by.
As far as the last remaining dept store is concerned, I would nor be surprised to see HOF make an offer as they seem to be adding stores.|
|clocktower - I agree with you actually. Sorry, I don't have a clue how much the property would fetch. I knew the Hexham stores, having lived near them a few years ago, and I think they got a good pricefor the Tynedale Park freehold, although I'm concerned there has been no confirmation the sales proceeds have been received - they were expected mid-February I believe. I emailed the company last week but got no response.|
|alan....logic..nothing more nothing less....
It is however rumoured that the store is indeed on the market if the price was right.
I hear from a supplier to them, that they are investing monies elsewhere in TPS and NO serious investment is taking place in Jersey..
How much do you think they would get for the property/business and how do you view the share price based on selling the store?
I bet they keep the story going that they will invest soon, just to hold onto staff.|
|You seem a bit obsessed by the Jersey store Clocktower. Brings the phrase about baby and bathwater to mind. Why do you think they're not selling it?|
|The store in Jersey sales increase by 1% on last eight weeks...inflation according to reports is over 5% so in effect sales are slipping and costs are increasing.
Bar getting rid of the store which would be the best thing for the group, then I rate this a sell at these levels. Also take into account one off loss from sale of hexham etc.
You will see profits hit in Jersey Store.|
|I think the Hexham and Sunderland disposals are of the old Robbs and Joplings department stores respectively.The company's announcement 13th July stated contracts had been exchanged for the sale of the Hexham Tynedale Park property for £17m(to Tesco I believe)and the sales proceeds for that were expected mid-February. So, it's looking good. I bought in when the July announcement appeared. Obviously, DYOR.|
|Chritmas trading statement looks good, and sale of Joplings to Owen Owen is a positive. Now that the Co can concentrate on the serious growth area, Perfume Shops, it should go well. I'm a holder.|
|At last the price is chatching up with the rumoured trading pattern of the dept store.|
|I understand that the department store in Jersey, has like many uk stores had to go into almost full sale mode already with big discounts in areas like shoes/clothes etc. Not a good trading sign.|
|Soon be a shorts dream.|
I just had LOL at Philip Newton quotes re: jobs. I recall the outrage in the press cuttings I saw from the Jersey press when they sacked staff at there Jersey Department Store, without giving them a full and fair package after many years of service as there was no employment law in Jersey.
It seems he can see no other way out as it may cost them a packet more to sack the staff in the UK. This is going to be one hell of a black hole by the looks of it to me.|
|Bouncing, but the bad news will follow on full years figures. A trap for the innocent?
or some covering a short position maybe?|
|Sales at Jesrsey store have dropped from £5.788.000 to £5.377.000...what are they saying about a 1% increase in sales..profits up as expected because of massaging stock figures as I suggested and continued good news from TPS. That said. I can see retailers in general having a tuff time over the next twelve months.
I see they have been brief about the Dept Store in Jersey, other than saying spending will go on in a phased manner, now take that as you like but to me it means that they are just going to tinker with it to make an apperance they are going to hold onto it. Nothing said about the £15million they talked of spending before. It is rumoured that bar giving it a lick of paint and the odd new carpet, everything is on hold.
Its written on the wall to me. I can see these going sub £1.
Its clear to see why ML has been selling.|
|"Our plans have advanced for an entry into Australia for TPS and we fully expect
to report upon the first store openings with the Group's full year results.
A Christmas trading statement will be issued on Wednesday 19th January 2005."|
"To date the Board has agreed terms for the sale of Joplings' Tynedale Park
property and will seek purchasers for the remaining Joplings department stores
in Leamington Spa, Sunderland and Hexham.
Disposal of Tynedale Park
Merchant Retail has exchanged contracts for the sale of its freehold property at
Tynedale Park for £17.0 million. Completion is expected on 15 February 2005.
The retailing operation currently operating out of these freehold premises will
be wound down and closed prior to completion of the sale.
In the year ended 27 March 2004 Tynedale Park contributed profits before
interest, tax and divisional central costs of £1.6 million to Merchant Retail's
group results. The net book value of the Tynedale Park fixed assets being
disposed of was £6.2 million as at that date."
I can't see any news that has been released to the market on the sale of the remaining three joplings stores. Have these figures already been made public?|
|I expect good news on Monday INDOMIE but with slowing sales. However, with the increase in shops profits should grow in TPS.
That said, I think the last remaining Dept Store in Jersey has not enjoyed good sales, i think figures will be good as stocks that have been written off in the past will have had some value attached to them through clearing at bargin prices as my source tells me that they have had constance reductions throughout the year in most departments to clear old stock.This in turn will I think improve the apperance of the figures.
If by chance they announce the sale of the store, as its the last remaining dept store, and does not seem to fit in with the group, they will (I think) shown a very big one off profit that they will be able to put to good use.
I can see another Channel Island company CI Traders buying the store as they are now big in property since the merge with Compro a short time ago.
I maybe wrong about all I suggest but that is my best guess.|
|Has anyone got any idea what to expect from Monday? Has the company sold all the Joplings stores yet?|
|It all hinged on department store action...to sell or not to sell, thats if they can even find a buyer at a a fair price as trade is reported to be suffering in most Channel Islands Stores I understand from local press reports that are published on the net.|