Quiz Share Discussion Threads

[gersemi] 28/7/2017 08:25

Not sure what to do going forward. I might wait for the interims and see how they intend to increase their online sales, as this is the area where they will be able to leverage their earnings...lower cost sales, higher margins

we shall see

[gersemi] 28/7/2017 08:19

I've not bought yet. waiting for it to find its natural level

[larva] 28/7/2017 08:18

BON PE of 6

[gersemi] 28/7/2017 08:16

1 v 3 (50K v 15K)

Depth:

9 v 6

156k v 20k

--

nowt much on the offer,could see a decent day here

[manics] 22/7/2017 11:42

£10m to fund growth. It took BOO a relatively short amount of time to become a household name. 18-24 months (?) though I don't know what it cost them. The brand was/is all over London & television.

I feel Paul Scott pretty much hits the nail on the head with his two write ups as shared by MartyWidget.

[gersemi] 22/7/2017 11:14

cashflow from operating activities

2016 = 5.48m
2017 = 3.20m

operating cashflow falling - why?

[gersemi] 22/7/2017 11:11

these are all musings by the way

£12m in cash after listing
£3.7m loans and borrowings under current liabilities (due in under 12 months)

goodwill capitalised at £6m continuous..I would ignore this nonsense

interesting that 60m shares to existing shareholders locked in for full 12 months and then any sales to be dealt with through Panmure in an orderly fashion, whatever that means. If there is a scramble for shares then the limited freefloat could lead to significant gains in a short space of time..

I am sure someone can calculate the free float..won't be many in circulation I suspect

[gersemi] 22/7/2017 11:02

EPS for 2017 is 5.3p (£6.6m with 126m shares in issue)

EPS = net income/shares in issue = 6.6m / 124m

EPS = 5.3p

Price at float = 161p

PER = 161p/ 5.3p = 30

ASC = 73
BOO = 117

EPS growth - not looked at yet

[gersemi] 22/7/2017 10:45

growth is evidently coming from

International sales and online which is where they need to focus their attention. The UK market is saturated, well it appears to be though I'm a bloke so don't buy womens clothes..

UK stores sales look pretty flat YOY

I want to see how much cash and debt is on the balance sheet

[martywidget] 22/7/2017 10:20

Small Cap Value Report (Thu 6 Jul 2017) - Quiz...






Small Cap Value Report (Fri 21 Jul 2017 - Part 2) - QUIZ...

[cashandcard] 21/7/2017 09:16

gersemi,

Here's the article;




The way I see it, Revenue last year was £87.4mln, PBT £5.7mln. This was by in large from a business that is store heavy and with a substantial cost signature. When they really push the online presence, and sales grow, the higher margins 'should' lead to a maintaining of the profits, perhaps improving as the business grows.In fact, it could exceed expectations.

To put it into perspective, BOO PBT was £31mln last year. What would it take for QUIZ to achieve that in a few years? This is an industry of high PE's.

I agree, Cowgill will snap at this opportunity.


Cash

[gersemi] 21/7/2017 08:53

candc

Yes, a store presence is needed to satisfy a customer base they already have but the market will force them to up their online presence. If QUIZ want to be priced alongside ASC and BOO then they'll have drive online sales and do it aggressively

Cowgill will understand this

[cashandcard] 21/7/2017 08:44

gersemi,


To some extent, would it not be fair to say they need to have a physical presence aswell? Folk need to see them in shopping centres and high street. Sales from the foot-flow, but also advertising if you will?

I do agree, online is a much greater access to its market and without sky-high rents, it has the potential to become a cashcow.

Cash

[gersemi] 21/7/2017 08:32

Yes, that's what I think Manics. The market may slightly avert its gaze away from its 'Bricks & Mortar' operations and focus on the company's capacity to expand its online offerings because that is the area in which they'll be able to drive low cost earnings bu there's no doubt their stores (87%) v online (13%) split is far too high to attract a premium rating ala ASC-BOO

stores - high cost earnings (lower margins) - A
online - low cost earnings (higher margins) - B

we need more B and less A

[cashandcard] 21/7/2017 08:26

Manics,


I do worry about stores, medium and longterm its got to build a much stronger online presence.



Cash

[manics] 21/7/2017 06:48

A long way to catch BOO in every metric (except retail presence). Though positive sentiment (IPO hype) could be a driver next week 'out of the gates' so to speak.

Will the market consider the stores old hat? French Connection (FCCN)-esque, or get excited about the growth prospects for online?

I didn't subscribe for any shares, and am considering buying in the open market.

[cashandcard] 20/7/2017 21:35

Gersemi,Most of the £100mln or so raised will go back to the founding family. But £10mln will be available to plough into the business.Cash

[cashandcard] 20/7/2017 21:27

Morning star reporting Quiz has raised £100million+ and will begin trading next Friday. Marketcap should be around £200mln on float.I do not see it's growth anywhere near ASOS, but could it, in a few years, be similar to BOO?Cash

[gersemi] 20/7/2017 20:28

It's worth remembering that QUIZ is not a pure online retailer in the way ASOS and BOO are. QUIZ is a bricks and mortar retailer with online sales of around 13% so it needs to up its online presence big time to attract a similar rating to ASC & BOO

[manics] 20/7/2017 19:28

Your first question: how might it fare after float?

[manics] 20/7/2017 19:26

Floated July 28th, 2017 at 161p.


Intention to float:




Admission document:



IPO press:
20th July
15th June

[pillion] 18/4/2017 21:16

No takers
Finance related - not British

They say his dad was a customs official

[pillion] 16/4/2017 16:04

Quiz

What is the next number after
4, 6, 7, 9, 10, 11, 12, 14 ??