Quiz Share Discussion Threads

[sunnybeachboy] 22/1/2019 08:32

31p paidAsk 31.9p

[tomboyb] 22/1/2019 08:23

Morning -

Great start today and hopefully it will continue -

Impressed so far with the interest shown at these levels -

[kaka47] 22/1/2019 08:22

Quiz pay Dividend tooWhat more can you ask 50ppp

[nitbhav06] 22/1/2019 08:22

Hopefully the seller has cleared and we hit 50p now. Go Quiz.

[kaka47] 22/1/2019 08:21

12.3m in the bankSales 132 million 8m profit per year500k fix fitting debtOnline growing 50%Current mkt cap 37.6m 50ppppppp minimum

[kaka47] 22/1/2019 08:17

Sosandar have online sales less then 7 million with 5 million loss and its capped at 30 Million

[sunnybeachboy] 22/1/2019 08:15

Another 20% upside to first target of 36p

[nitbhav06] 22/1/2019 08:15

Agree, we are so undervalued. Our online sales will probably be in excess of 40m alone this year!

[kaka47] 22/1/2019 08:09

Ever since this collapsed from 150 has not recovered so big big rally to 50pppp

[sunnybeachboy] 22/1/2019 08:09

Bid 30.1pAsk 30.9p

[sunnybeachboy] 22/1/2019 08:04

30.27p paid.36p first target 50p 2nd target

[sunnybeachboy] 22/1/2019 08:02

Bid 29pAsk 30p

[sunnybeachboy] 22/1/2019 08:00

Bid 28.3pAsk 28.9pBid increased

[gspanner] 22/1/2019 07:53

Reminds me a bit of housebuilders in 2008/9. All grouped in same basket despite clear differences in the way the businesses are run/geared/etc.

[hamidahamida] 22/1/2019 07:28

SP is battered to death Not very often market throughs up bargains like QuizFrom every negative angle i look at Quiz is a None brainer for me......

[sunnybeachboy] 22/1/2019 07:21

Goodbye podgyted..

[kaka47] 22/1/2019 07:17

Excellent post by KCR69Debenhams Concessions - Putting the risk into perspective.2017 Act (Admissions document)Deb Concessions £18mTotal Concessions £24mTotal UK (Bricks & Mortar) £57.5mTotal Online £11.9mTotal International £16mTotal Group £89.8m (includes discontinued business)2018 Act (audited accounts) / Ests (my own)Deb Concessions £19.5mTotal Concessions £26mTotal UK (Bricks & Mortar) £64.6mTotal Online £30.6mTotal International £21.2mTotal Group £116.4m2019 Ests (my own based on interims and trading updates)Deb Concessions £18.0mTotal Concessions £24mTotal UK (Bricks & Mortar) £66mTotal Online £42mTotal International £24mTotal Group £132mSo Debenhams Concessions an optimistic £18m (13.6% to total)Worst Case - Administration, no stores trading and 60 days non payment equates to circa £3m at peak trading revenues. Add on a further £1m for redistribution and other costs. So a non-recurring £4m to hit the P&L and balance sheet out of a likely year end cash position of £14m - £15m.Impact on future years profitability. Impossible to say however common sense suggests that many of the Debenhams concessions are likely to be trading at -10% and more this year and have probably reached a position of unprofitability. I am increasingly of the opinion that total concessions in Debenhams are moving closer to a position of unprofitability every day, and with that in mind I would put the impact on future profitability at no more than 10%, or £700k based on this years likely cash profit (and without even considering the upside of switch buying versus the possible increased marketing cost trade off to mitigate loss in brand awareness).Q. How big is the Debenhams concession risk?A. Ridiculously small relative to what has been priced into a share that is now trading at close to 2x cash profit inclusive of Debenhams going into administration.As someone else posted, given the strength of the balance sheet and how well invested the business is operationally â€" Bonkers.Apologies to those who prefer fiction over fact and unsubstantiated commentary.

[podgyted] 22/1/2019 00:53

Trade away but I suspect there will be news on Debenhams in the next few days and no matter how little impact you think this will have on Quiz (or actually have for that matter) the market will savage this.

I've taken my profits today.

GLAH

PS - no way will this make £8m in profits - may make £8m EBITDA - even that number is risky as H2 EBITDA is going to be close to £2m per the profit warning - therefore you have to believe H2 is a one-off problem rather than the norm.

There is value here potentially but I'm going to wait now until Debenhams is out of the way.

[sunnybeachboy] 21/1/2019 17:51

I don't care where it came from. I care where it is going and 36p is first target then 50p 2nd target.

[pj0077] 21/1/2019 16:59

Naive extrapolation!Was the fall from 201p to 23p similarly foreseeable?!