Poundland Share Discussion Threads

[redartbmud] 16/2/2016 21:11

phil

Thanks.

red

[philanderer] 16/2/2016 17:13

Lowest volume traded in ages today .. barely 250k

[philanderer] 16/2/2016 14:28

Just seen this in november interims, maybe something to do with this ...

Note 10

Events after reporting date:

Due to the proximity of the acquisition date to the date of these condensed consolidated interim financial statements, completion accounts for the transaction are still being prepared. The provisional fair value of the net assets of 99p Stores Limited and the resulting fair value table have therefore not been finalised as at the date of this report.

[redartbmud] 16/2/2016 13:47

Surely if they have amended the terms of the deal, the information should have been communicated to the market.

[philanderer] 16/2/2016 13:32

No idea red.

'Poundland opens new store in Bournemouth'

[redartbmud] 15/2/2016 18:03

Do we know what the amended terms are?

[philanderer] 15/2/2016 17:22

'Poundland faced with hidden losses in 99p Stores deal'

“For Poundland, this was principally a property transaction and we remain very pleased with the progress of the conversion and integration programme,” a spokesperson for Poundland said.

The chain gained 251 stores for its portfolio through the deal, bringing its UK estate that much closer to its 1000 store ambition.

In November Poundland CEO Jim McCarthy said 99p Stores “was in a mess”, seeing its disrupted trading. It has been revealed that during the year ending January 2015, 99p Store’s sales fell 2.5% to £361.3m. Pre-tax losses shot up to £11m, compared to £734,000 the previous year.

The payment terms to the Lalanis family, the owners of the 99p Stores franchise, have been amended to reflect the business’s poor trading at the time of purchase.

[philanderer] 15/2/2016 10:08

Apparently not ... morning red :-)


'EasyFoodstore brings in 10 item limit'

Move to stop convenience store owners stockpiling goods at the 25p an item retailer

EasyJet founder Sir Stelios Haji-Ioannou’s budget food store is introducing a 10 of each item limit on purchases from Monday in an attempt to prevent its shelves being cleared by shopkeepers stocking up.

The store, which charges 25p each for groceries, was forced to close on Thursday last week, less than two days after it first opened because it had run out of stock, and had to bring in security staff to manage queues. It is also shutting at weekends.

A spokesman for easyFoodstore said: “The idea of this store is to specifically target the most needy, not to help out our competitors in the convenience store market.”

[redartbmud] 15/2/2016 09:23

phil

Didn't think that those guys still smoked the funny stuff.

red

[philanderer] 15/2/2016 09:13

15th feb Peel Hunt buy tp 400p

reiterates

[golf driver] 12/2/2016 18:23

Seems to be basing here phil .

Let`s not say too much .

[philanderer] 12/2/2016 17:07

2.5p up on the week , take that , with a 'risk-off' day today.

[philanderer] 12/2/2016 10:50

Barry Gibb of Beaufort Securities sees potential in Poundland ........



around 18min 30 sec.

[philanderer] 12/2/2016 10:49

Towie Daily! ‏@Towiecenter 14 hours ago
@JamesLock__ opens new #Dagenham @Poundland

[philanderer] 11/2/2016 17:24

Clinging above 150p with 1 million traded ..... grim times and getting grimmer

[davidosh] 11/2/2016 16:26

Poundland mentioned on the small cap radio show including Lakehouse, Accesso, InternetQ and Lavendon.

[philanderer] 11/2/2016 09:15

Well it`s a recession alright and PLND is as good as any to hold.

[philanderer] 10/2/2016 16:54

Luck to you too Joe , best close in three weeks :-)

'What’s Awesome in Poundland February 2016'

[joemillion] 10/2/2016 13:56

Topped up first thing this morning. Looking incredibly cheap and likely to be back up to £2.50 plus by the summer. Good luck to all.

[philanderer] 10/2/2016 13:35

10th feb HSBC buy tp 290p

reiterates

[philanderer] 10/2/2016 11:41

Busiest shop in uxbridge this morning , most others empty :-O

[philanderer] 09/2/2016 17:49

Nice recovery after that 9:30am spike down ... 700k traded today.