The Omicron coronavirus variant is ::not a disaster:: and some people may be ::hugely overstating the situation::, a scientist advising the government says. https://www.bbc.co.uk/news/uk-59442141.amp |
Now that you all sold the dip & we bought it ... #NewVariant isn?t a worryhttps://www.telegraph.co.uk/news/2021/11/26/new-covid-variant-less-worrying-delta-says-prof-chris-whitty/ |
UK retailers are poised for a record Black Friday as early data showed shoppers are spending more than they did before the pandemic.https://uk.finance.yahoo.com/news/retailers-track-record-black-friday-144658152.html |
Apologies if this has already been posted, but QUIZ is doing an InvestorMeetCompany webinar at 09:30 on 8 December. More info here:
Management are very experienced, and I remember thinking they came across well at a presentation I went to at Panmures, when they floated.
I don't want to read too much into it, but the fact that they're doing an IMC presentation at all, and for the first time, suggests there's a good story to be told. Which is what the last trading update suggested too.
Market worrying about this new S.African covid variant, so it's probably a good time to be invested in companies with a decent online offering, which QUIZ has. Also its turnover rent shops have very little rent payable if forced to close again - most have no base rent at all, or very small, I believe.
Hence this is more resilient than the competition, in the worst case scenario.
Regards, Paul (I hold) |
Well results out on 8-12-21Ever since listing this is the first time Quiz is doing presentation, do you know what this means business is back on track and going from strength and the management probably wants to talk about it.Business is booming boys and gals |
Quiz stores are definitely busy been to a store asked the staff they have confirmed quiz is busy. Suppliers are also confirming they are busy and getting plenty of orders in comparison to last year. |
25th November is just the AGMInterim results for the period ended 30/9/21 will be out in early December along with the update on current Q3 months Oct/Nov and Black Friday numbers in particular |
AGM Thursday I think. |
According to the announcements due this week published on Monday QUIZ announce Thursday this week if my memory serves me right. |
Eagerly wait for the next update, looking good for the festive season |
 1st half results Teaser (results out early December) Outlook: -- Gradual improvement in sales since the removal of restrictions on large scale social events with performance approaching pre pandemic levels on a like for like basis -- As a result, t he Board is pleased that the Group has achieved sales of GBP30.6 million since the Period end (the five months to 31 August 2021), representing a GBP17.4 million increase on the revenues generated in the period from 1 April to 31 August 2021. -- The Group has agreed an extension of its existing GBP3.5m banking facilities until 30 September 2022. -- Total liquidity headroom at 28 September 2021 of GBP6.2 million, being cash net of bank borrowings of GBP3.8 million and undrawn banking facilities of GBP2.4 million. -- With the recovery in revenues experienced to date the Group anticipates generating a positive cash flow from operating activities in the year ended 31 March 2022. -- Going forward, a higher proportion of revenues will be generated from the Group's own stores and websites which have traditionally generated higher returns than other revenue streams. |
They can do what they like not much stock aroundNot much free float MMS you will have to push the price up over 35p if you want stock |
Mms are desperately manipulating price to get cheap stock before the eventual big mark uppppppp soooon |
Mms are happily snapping up stock accumulating stock for the next leg up |
::;::2020::::::::::::::vs::::::2021:::::::::::: Stores Closed::::::vs:::Stores OpenNo Black Friday:::vs:::Booming Sales No Xmas:::::::::::::vs:::Booming SalesNo New year::::::::vs:::Booming SalesNo January sales::vs::Booming Sales |
Tight float When Quiz announces the 1st half results in few weeks time, quiz have already said sales have recovered to pre-pandemic levels with loss making stores out of the way m, only means more profits |
Mcap just 22 million Growing cash pile Looking at 70 plus million in sales and handsome profits Go figure people |
Black Friday Xmas New year January sales No rocket science this year shops are open, QUIZ is going to mint it |
No brainer Pre pack is done, shops are open Business is booming |
Woooooooshhhhhh time soon |
 Before and after pre-pack adminassessment by Paul Scott Worth reading again.1. Too dependent on third parties (especially Debenhams), hence as they unravelled, it pulled QUIZ down also.2. Product. Fashion retail is mainly about getting the product right. Clearly, for performance to have deteriorated so badly, then they must have got product ranges wrong.3. Fixed costs too high, especially shop leases, which pulled down so many household name retailers too.Looking at those in turn, what has been done about these issues?1. The company is now controlling things itself, with own website sales, and own stores now the main channels.2. I'm told they've made improvements to product team, and crucially the merchandising team - making sure that they order the right product, in the right quantities. Remember this is not mainly a fast fashion, test & repeat business, because styles for occasionwear are less fashion sensitive than say for Boohoo & others. QUIZ is targeting a different niche, and note it achieves excellent gross margins as a result.3. The pre-pack admin in 2020 ditched the problem shop leases. This roughly halved the rents, and they're all now turnover rents, mostly with no base rent. What that means, is the business is operating on much lower costs but also has great flexibility - so if there's another downturn/lockdown, then rents drop to almost nil. Leases average 2 years, so having been pulled down twice now (2008 & 2020) by shop lease liabilities, that won't be happening again.So the way I look at it, they've fixed the main structural problems with the business. It's now profitable I believe. There's been no dilution. The family still own c.50% of the business, and I'm told are totally committed to turning it around. The last update demonstrated that the hard work has already been done - look at the current trading section - now achieving close to pre-pandemic sales, but on lower overheads.It's not the best business in the world, but the turnaround here is far more convincing to me (as a former retailing CFO) than either SuperDry or Ted Baker for example, where it's all talk & nothing whatsoever to confirm a turnaround in the actual numbers.Forget about the past, and the ridiculous comment comparing it with Koovs (which was never viable from day 1 until the last day). Looking forwards, there's a nice business emerging here. It'll take time for the market to recognise that, but I'm happy to wait, having spent about a year quietly hoovering up cheap shares around 8p, for about 2% of the company. So obviously am talking my own book, same as everyone does, but hopefully people recognise that I'm backing up my view with facts & figures, and am realistic.It's quite bizarre. My largest (by far) retail pick this year was BOO, which has flopped (so far, it'll be fine long term). But my big winners have been the apparently basket cases of FCCN (takeover bid at 30p) and QUIZ (doubled year to date). Funny how things work out, you never really know which shares in your portfolio will do well, and which ones won't, and it's often the carefully researched special situations that everyone else hates, that surprise to the upside, like this one! |
Shopping centres are packed out Clothing retailers are the big winners Quiz is very busy Ist half results in early December |
Mms are desperate for stock |
Sales are rocketing Clothing sales increased by 6.2% in October, which was only 0.5% below pre-pandemic trading sales recorded in February 2020. The ONS said that clothing retailers attributed the increase to shoppers beginning their Christmas shopping earlier than previous years.ONS chief economist, Grant Fitzner, said: "After five months of no growth, retail sales picked up in October. Although sales overall are above pre-pandemic levels, it remains a mixed picture. Clothing, department stores and toy shop sales reported a boost this month, with clothing stores reaching their highest level since the start of the pandemic, with some retailers suggesting that early Christmas shopping helped to bolster trade."Fuel sales fell sharply on the month, as they returned to more typical levels following September's increase. Food and online sales also fell, although they remain above pre-pandemic levels." |
Retail sales rise as Christmas shopping starts early in Great Britain. October clothes and toys spending drives first increase in six months. https://www.theguardian.com/business/2021/nov/19/retail-sales-rise-as-christmas-shopping-starts-early-in-great-britain |
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