Boohoo warning is really bad for the sector They are blaming due to high returns it's bczXmas parties are getting cancelled all over uk |
Profit warning from Boohoothey are blaming it on omicron |
Omicron has really put a spanner in if lockdowns are announced it is going to effect the recovery in a big way already parties are being cancelled all over Britain Directors were worried about this scenario and warned. Watching from the sidelines now |
At this rate full year revenue should be over 72 million Full year should generate around 7 million cash |
Margins up from 51% to 57% |
Mcap just 20 million 6 month Revenue up 108% to 36 million Generated 3.4 million cash in 6 months Cash Balances on 7th December 20214.6 million Seriously underrated company |
Hi Paul Would love read your full note on today's results thanks |
Jackson you have been bashing boohoo warning of poor profits... |
All good, Im very happy with everything |
So far Not seen any significant impact from omicron virus |
I had a top up ... hope Paul Scott posts his expert take at some point ..
reason I bought more is that I believe its very undervalued & I can see a bid by perhaps boohoo if it stays below 40m market cap ... QUIZ would be perfect for boohoo / makes sense to me as boohoo have had a torid time of late and need more growth / bolt ones .. would be great for boohoo and also great for us in quiz .. POSSIBLE bidding war ... even if QUIZ reject an offer at some point it will strengthen the share price IMO ... ITS UNDERVALUED now & I will continue to top up as and when possible |
Very illiquid tightly held stockManagement owns over 50% |
On first glance, very encouraging. Note about possible effect of Omicron but that is to be expected. Generating cash, Strong online growth with a 43% increase in sales through QUIZ's own website and a 27% uplift in total online sales. All seems to be heading the right direction. |
Cash up 2.7 million since March 2021 |
 Group revenue increased 109% period on period further to the removal of social restrictions increasing demand for occasion and dressy products and a period on period reduction in the amount of time stores and concessions were closed -- Higher level of full price sales and reduced discounting resulted in the gross margin increasing to 57.5% from 51.7% in H1 2021 -- The rise in operating costs, being distribution and administrative costs, was restricted to 22% as the increased revenues leveraged off the existing infrastructure -- Underlying EBITDA profit of GBP0.7 million (H1 2021: loss of GBP3.3 million) -- Operating cash flows of GBP3.4 million (H1 2021: GBP0.4 million) -- Total liquidity headroom at 30 September 2021 of GBP6.6 million, being cash net of borrowings of GBP4.2 million and GBP2.2 million of unutilised bank facilities (31 March 2021: GBP2.4 million, being cash net of borrowings of GBP1.5 million and GBP0.9 million of unutilised bank facilities) Operational highlights: -- Strong online growth with a 43% increase in sales through QUIZ's own website and a 27% uplift in total online sales -- Active customers increase 30% on the prior financial year in line with demand for QUIZ's core occasion wear offering -- Benefit of store restructuring undertaken in the previous year reflected in positive contribution from stores in the Period -- Group's store estate comprised 61 stores in the United Kingdom and five in the Republic of Ireland at the end of the Period, with two more opening in the United Kingdom subsequently -- Recovery in International revenues with a 160% increase period on period Outlook and current trading: -- Revenues in the two months to 30 November 2021 up 108% on the prior year and consistent with levels generated prior to the COVID-19 disruption on like-for-like basis -- Potential for sales in key trading month of December to be impacted if concerns over the Omicron variant suppress demand -- Total liquidity headroom at 7 December 2021of GBP7.1 million, being cash net of borrowings of GBP4.6 million and GBP2.5 million of undrawn banking facilities -- Confident Group can return to profitability in a trading environment not significantly impacted by COVID-19 restrictions and deliver long-term sustainable and profitable growth |
#QUIZ Mcap £22milExcellent set of results future is looking really good1st half Rev £36m up 109%Profitable Generating cash Cash Balances £4.2m 2nd half started well Rev up 108%#QuizClothing |
Paul thank you - I had made loads of mistakes taking profits early and holding onto stocks that only went down .. I made one fatal mistake believing that Lord Alli who seemed take ASOS for a few million to a few billion worth & as he was at KOOVS I ended up putting all eggs in one basket and on reflection now I cat understand why I got obsessed with it & also very unlucky with that company KOOVS . its very hard to accept a mistake and take losses if your head rules you as in my case & equally hard to take profits ... I learnt the hard way... Paul wondering if you hold a small amount of bitcoin or just stocks ? I'm sure longer term this one will bear lots of fruits for all investors & patience needed .. hope wed 8th news puts this on the radar map again & may top up today or tomorrow. would be nice to see QUIZ back to around 50p plus next year |
Very kind, thanks jackson83, but it's not about me, I can't predict the future any better than anyone else. But it's good we've discussed the opportunity here re QUIZ shares, which look very cheap, with some good posts from various people, grasping the main points.
Let's see what the numbers look like from QUIZ next Weds (8 Dec). Unfortunately, I'm busy that day, so won't be able to watch or comment on the QUIZ webinar on InvestorMeetCompany - but in any case, I prefer to watch webinars for all companies on the recording later, so I can pause & rewind if needed.
As mentioned before, for me this is a medium term holding - intending to hold for several years, for a meaningful re-rating, then move on.
Fingers crossed, let's see what the numbers/outlook are like.
Best wishes, Paul. |
QUIZ presentation on the 8th next week Get registered with investors meet company to watch the presentation and ask questions https://www.investormeetcompany.com |
Be interesting to see what Paul Scott says ( he knows his retail & one of the top blokes / trusted .. very nice chap with many years of knowledge ) top bloke IMHO ...
Have I read this correct QUIZ now only valued at only £21m now ... SOSANDAR with results today .. valued at £78m . |
Battered share price Booming businessMoney in the bankProfitable year ahead Management with massive holding of over 50% serious skin in the game Just perfect conditions for the share price to multibag in no time God willing |
Here we have a company trading so cheaply with the worst behind them, got rid off all the loss making fixed rent shops, with remaining highly profitable shops are all on pay as you open leases. Sales are back to pre pandemic levels, online sales are growing and for the 1st time since listing management is feeling confident enough about the business that they are doing presentation and Q&A |
Excellent industry news today Sosandar RNS today: Products across all categories selling through rapidly with partywear, knitwear and outerwear particularly strong:QUIZ is known for PartyWear. Next Wednesday results are out &1st time ever Quiz is doing presentation on IMC platform. Speaks volume |
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