Quiz Share Discussion Threads

[stemis] 03/11/2022 21:50

Remember that the sales figures announced in the update are against comparatives that reflect emergence from the coronavirus epidemic. Sales of £49.4m might seems good against comparatives of £36.0m but in half year 2019 they were doing £63.3m and even then barely managed to break even. Clearly there has been a change to the cost base with the closure of Debenham's and overseas stores but what is particularly revealing (to me anyway) is the online sales at £16.1m are still less than they were 3 years ago (£20.0m). They strike me as a company just fighting to survive that's never going to knock the lights out and, with a cost of living crisis/recession about to strike, might struggle to keep them on...

[pansybeast] 03/11/2022 21:03

Cheers Sagar424, I thought the last year of hellish markets, was making me mad. Appreciate the response. Tried buying some more but the spread was 8.2%... Just couldn't pull the trigger lol...

[sagar424] 02/11/2022 13:53

I believe the market sees these are short term gains, they can't see quiz doing well if you have the big players like asos and boohoo struggling. Current price of quiz is a reflection on its outlook and not current fundamentals. Quiz needs to bring in positive news consistently for the market to differentiate it from the likes of asos and boohoo etc. I don't think quiz will move up slowly, will likely be a sudden jump once the market realises that quiz is consistently beating the odds. Best thing to do is hold onto your stocks or top up because quiz can only go up when it has been undervalued for so long.

[pansybeast] 01/11/2022 14:56

am I missing something here:
sales are up 48% UK, 29% online, 26% internationally, £9m in cash, Mkt cap of 14, Store restructure plan (agreed cheaper rents, etc). Second half weighting etc... The only negatives I can see are, yes, discretionary spending, its retail, and the spread is 2-4%, but there are a lot of positive things here... constructive comments anyone..

[rolo7] 27/10/2022 14:34

hxxps://quizgroup.co.uk/2022/10/26/quiz-x-ashley-roberts/

[mesb48] 26/10/2022 07:11

Not been following this company long enough to know if this is a change in approach to boost sales. But fingers crossed it’s a success.

hXXps://twitter.com/quizclothing/status/1584507913712054273

hXXps://twitter.com/quizclothing/status/1584983510338732051

[stemis] 15/10/2022 23:18

ASOS and indeed BOO issues are an indication of the state of the market, from which QUIZ isn't immune

[rolo7] 15/10/2022 16:06

ASOS issues could be good for quiz

[deanmatlazin] 11/10/2022 15:25

am hoping for re-rating. market cap is too low . should have at least double based on revenue and profit.

[stemis] 10/10/2022 07:58

Not really. It's just their opinion and the market will have its own.

[babbler] 10/10/2022 07:52

they told. you that.Whilst it remains uncertain what impact the current cost of living pressures will have on consumers' disposable income and on their demand for QUIZ products over the remainder of the Group's financial year, management remain confident that the product proposition and commitment to providing glamorous looks at value prices will continue to appeal.The Group's full year results to 31 March 2023 which will, as always, be in part dependent on trading during the key Christmas period, are expected to be in line with market expectations.The Board is pleased with the strong growth recorded across all channels during the Period which supports the Group's omni-channel business model. It remains confident that the brand will continue to increase its appeal and looks forward to achieving continued profitable revenue growth.

[stemis] 10/10/2022 07:51

Issue isn't how well its done to date but how it's going to do in the future in the face of a cost of living crisis

[dimknaf] 10/10/2022 07:47

Exactly guys. Can't believe I can still buy it by paying a little more that their net cash position. Seems to be crazily undervalued.

Today at 7pm some value investors we are meeting in London.

We will discuss Quiz and I will share the experience of attending its AGM. Alex, also part of the group will extensively present Zytronic, and has prepared a report that you can find on the page of the meetup.

hxxps://www.meetup.com/quality-value-investing/events/288934590/

You are welcome to com. In that case please RVSP.

[rolo7] 10/10/2022 07:22

great cash balance, shame no mention of profit but cash is king and market probably expected quiz to go bust stupidly.

[someuwin] 10/10/2022 07:19

Bought some. Stupidly cheap now.

[deanmatlazin] 10/10/2022 07:17

market can get it wrong sometimes. I like Quiz compare to ASOS/ BOOHOO / Joules ( they are all loss making ) . Well done management.

[babbler] 10/10/2022 07:13

yes. Me. too. Market thinks otherwise. Mad.

[deanmatlazin] 10/10/2022 07:08

i have to say it is a fantastic result.

Revenue £49m Cash in hand £9m. Trading ahead of board expectation.

Market cap £14m ONLY

This should be at least double. Cheap as chips!

[mesb48] 12/9/2022 15:22

Surprised the share price has fallen back this much recently. When we get the Q2 sales number, I can’t see the growth being anything other than very good, the comparative for this time last year is pretty soft imo. Have to go back to calendar year 2019 I think to find any decent reference points for quarterly sales trends pre covid. We did £33m in Q1 (Apr-Jun 2019) and £30m in Q2. If you apply that ratio to the recently reported Q1 sales of £27m, I reckon Q2 this year could be 30% ahead of last year’s meagre £19m for Q2. Even if sales in last few days are impacted by recent events, the hot summer quite possibly helped offset this. Decent cash position, committed management that don’t ramp, much to like I think on a 12-18 month view.

[jackson83] 26/8/2022 21:46

topup at 10p soon

[rolo7] 04/8/2022 18:15

Reducing their position to below 10% i read it to create some liquidity i guess

[fegger] 04/8/2022 13:34

Schroders increase their position to almost 11%. Good sign and explains some of the buying

[aishah] 03/8/2022 12:59

You're right stewacg. Stockopedia figure is out of date.
"- Total liquidity headroom at 4 July 2022 of GBP11.8 million, being a cash balance of GBP8.3 million and GBP3.5 million of undrawn banking facilities, a GBP5.3 million increase since 31 March 2022"

Makes the investment case even more compelling. As usual dyor