Quiz Share Discussion Threads

[dangersimpson2] 08/10/2018 10:42

The market hates an IPO that warns in the year or so of listing - I guess people fear they have been left holding the bag. Look at FFI, UPGS at the moment 80%+ down from highs and low single digit P/E. It happened to BOO, a mild warning in the first year took it from 50p to 20p, it is now 235p. The warned IPO can be a great place to make money if you choose carefully and are patient.

[alex1621] 08/10/2018 10:28

What's the rationale for the big fall? The numbers were poor but is there something else going on, have professional investors lost faith with management? I'll watch and wait.

[john09] 08/10/2018 10:00

It’s a good buy at these levels.

[tomboyb] 08/10/2018 09:54

63.88p to buy -

[tomboyb] 08/10/2018 09:43

66p -


Worth a punt? -

Falling knife at the moment -

[meijiman] 08/10/2018 09:36

Got to agree that it looks oversold at these levels. Decent entry point IMHO.

[john09] 08/10/2018 09:22

Forsaw this on Friday. If they thought a mid afternoon Friday release would limit the drop to Friday ....they were wrong

[johnsoho] 08/10/2018 09:08

Having read the Trading update I think the share price fall is a bit of an overreaction......think it will start to claw back some of the loss; trading statement posted below for information.

Trading Update

QUIZ, the omni-channel fast fashion brand, announces a trading update for the for the six-month period to 30 September 2018 ("H1 2019" or the "period").

Group revenue increased by 19% to GBP66.7m (H1 2018: GBP56.1m) despite challenging external trading conditions. The Group's performance reflects continued progress across each of the QUIZ brand's distribution channels as shown below.



Year-on-year
H1 2019 H1 2018 growth
---------- ---------- -------------
UK stores and concessions GBP35.1m GBP32.3m +9%
Online GBP20.0m GBP13.8m +44%
International GBP11.6m GBP10.0m +16%
Total GBP66.7m GBP56.1m +19%
========== ========== =============
Sales in the Group's UK standalone stores and concessions increased by 9% to GBP35.1m in H1 2019 (H1 2018: GBP32.3m). Sales were particularly strong through this channel during the Summer months, however the Group experienced a lower sales performance across its stores and concessions during September reflecting less footfall.

As previously reported, further to House of Fraser's entry into administration and the selective acquisition of assets by Sports Direct International plc, the Group will provide GBP0.4 million in the six months to 30 September 2018 in relation to outstanding debtor balances and other potential costs.

Online revenue increased by 44% to GBP20.0m in H1 2019 (H1 2018: GBP13.8m) reflecting investment in our online platform, effective marketing and the appeal of our ranges. In line with our strategy and as anticipated, the Group generated strong online growth through QUIZ's own websites where sales increased by 70% year-on-year. Online sales through the Group's own websites carry a higher margin than online sales through third-party websites.

Online sales through third-party websites were at a similar level compared to H2 2018. This performance was behind our expectations and declined during the second quarter of the financial year. We are working closely with our third-party online partners to try to address this trend during the second half.

The QUIZ brand continues to grow across its target international markets with the international sales increasing by 16% to GBP11.6m in H1 2019 (H1 2018: GBP10.0m) largely underpinned by growth in our international franchise operations. The Group is pleased with the development of sales in the USA at this early stage and the benefit of franchises opened in other international markets in the previous year, along with the revenues generated from the three standalone Spanish stores which opened last Autumn.

Gross margin for the period is expected to be in line with the Board's expectations.

The Board anticipates that, as a result of lower than expected sales through third-party online partners in the second quarter of the financial year, the performance of our UK stores and concessions during September and the provision against the outstanding House of Fraser debt, EBITDA for H1 2019 will be not less than GBP5.5m, being GBP1.5m lower than its previous expectations. In addition, the Board has taken the prudent assumption that should the trend in online third-party sales continue during the second half of the financial year, Group revenue for the full year to 31 March 2019 would be lower than current market expectations at approximately GBP138m (FY 2018: GBP116.4m) and the Group's EBITDA for FY 2019 would to be in the region of GBP11.5m.

Commenting on trading, Tarak Ramzan, Chief Executive Officer, said:

"QUIZ has delivered further good growth during the period despite challenging external trading conditions.

I am pleased to say that our new QUIZ X TOWIE ranges have been well received and the most recent trading week has seen an improving trend following a very challenging September in the UK.

Although online sales through our third-party partners have been disappointing and will impact the Group's performance for the full year, the changing mix towards increased own-website sales will support profitability growth moving forward.

The continued growth of the QUIZ brand in combination with our well-invested infrastructure and flexible business model continue to underpin the Board's confidence in the Group's long-term prospects."

The Group intends to announce its Interim Results for the six months to 30 September 2018 on 27 November 2018.

[john09] 05/10/2018 19:08

Imagine being a clothes retailer, with no shops, and screwing up online. In this day and age 😂😂

[kaka47] 05/10/2018 18:24

In the past this management has done a CVA with Multi channel Approach looks like they're going to fail again the quicker they drop multichannel approach the better

[kaka47] 05/10/2018 18:21

Massive setback Online sales declined very bad Problem... Management is not focused their multi channel approach is not working they need to concentrate on their own website rather than selling through others..SP is in a free fall

[value viper] 05/10/2018 16:34

so it doesn't ruin people's weekends ? better to kick one in the nuts at the beginning of a working week I guess

[eentweedrie] 05/10/2018 16:28

amazing, very very bad form to drop this on holders on a friday afternoon. unbelievable!

[john09] 05/10/2018 16:05

Friday afternoon profit earnings are pretty disgraceful. I expect more drops on Monday from here

[john09] 05/10/2018 15:59

This is getting to a more appropriate valuation. Interesting

[kaka47] 05/10/2018 15:56

Kmann your Silence is deafening

[kaka47] 05/10/2018 15:52

25 days ago I said this and kman laughed .,,25 daysTrading update by quiz is a veiled profits waring mentioning of struggles on high street a Massive red flag they are running a very tight ship concessions and shops will be their undoing just can?t see them making the numbers

[kaka47] 05/10/2018 15:47

18 days ago I predicted profit warning And you said Kak, I can't decide if your just desperate or pathetic. Online is over 50%, and overseas is expanding. DYOR

[kaka47] 05/10/2018 15:47

18 days ago I predicted profit warning And you said Kak, I can't decide if your just desperate or pathetic. Online is over 50%, and overseas is expanding. DYOR

[kaka47] 05/10/2018 15:45

Told you so about the warning

[kmann] 05/10/2018 15:04

Peel Hunt are obviously wrong. Hope this falls back significantly now.

It could be worth as much as Sosandar if your lucky!

[ccurtis1994] 05/10/2018 14:50

Happy weekend everyone.... ?

[fillipe] 24/9/2018 19:49

Good to see the mention in the past Weekend FT.

Peel Hunt is said to be sounding positive ahead of the October interims.

f

[kmann] 19/9/2018 15:44

Kak, I can't decide if your just desperate or pathetic. Online is over 50%, and overseas is expanding. DYOR