Scs Dividends - SCS

Scs Dividends - SCS

Best deals to access real time data!
Level 2 Basic
Monthly Subscription
for only
Monthly Subscription
for only
UK/US Silver
Monthly Subscription
for only
VAT not included
Stock Name Stock Symbol Market Stock Type
Scs Group Plc SCS London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
6.00 2.19% 280.00 16:35:09
Open Price Low Price High Price Close Price Previous Close
280.00 277.00 280.00 280.00 274.00
more quote information »
Industry Sector

Scs SCS Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

fft: DFS had good figures and forward orders out today. Should be a good read across to SCS. SCS balance sheet a lot stronger as well.
cartmans_mom: Hi guys scs looks cheap! What do you think they do with the cash pos @ 87.7m. This isn't customers cash for sofas is it that they haven't delivered yet??Are management good capital allocator?
tole: Peel Hunt: SCS is very cheapFurniture retailer SCS (SCS) is trading cheaply as investors have failed to wake up to its reopening prospects, says Peel Hunt.The stock jumped nearly 10% on Thursday after reporting orders were up 24% on 2019 figures, before falling back 2.2%, or 7p, on Friday to close at 311p.Analyst Jonathan Pritchard retained his 'buy' recommendation and increased the target price from 340p to 360p.'Customer behaviour is normalising but there's still cash in pockets and they are undeterred by longer than usual lead times. This probably won't change any time soon but the potential for continued strong sales-led growth persists,' said Pritchard.Although SCS 'remains in good shape', the valuation 'remains very low and the shares have appeal'.SCS hasn't 'caught the imagination in the same way that other retailers have and we think that the current valuations are harsh', said Pritchard.'With the cash on the balance sheet, the enterprise value/EBITDA multiple is very cheap and with 30p of average earnings per share to play with, it's not like the price/earnings ratio is a stretch either,' he added.
simso: Very pleased with yesterday's update, and still see plenty of potential for further upgrades. The only meaningful comparative is FY2019, and I note the revised sales forecast for FY22 is £373m...some £40m higher than FY19. I think the profit Building Blocks between FY19 and FY22 will underpin much more than £40m of revenue growth:- 1) The Opening Order book is +£60m (inc Vat) higher than +£48m ex VAT. A "normalisation" of lead times and order book is already enough to underpin the Forecast growth, before factoring in any LFL order growth. 2) Strong ongoing Trends in their favour, more "work from home", house moves and extensions expressed by David above. 3) Economic Trends: Bank of England statistics show that UK Customers' personal Balance Sheets are c£150m stronger than pre-pandemic...all that money saved by not having holidays etc etc. Comparing to FY2019 when consumer confidence was beset with worries about Brexit, Election uncertainty etc etc. 4) Harveys in Administration. A major competitor removed...on all the same retail Parks as ScS. £160m of Turnover back into the Market...and ScS the closest competitor in terms of Socio Economic profile. Other Competitors like Oak Furnitureland are much reduced after a CVA, many Independants will not have survived the Pandemic, and there are less Department Stores now, compared to FY2019. 5) Online: Back in FY19 the Online sales were £17m. They have invested and re-platformed since, and by FY21 had achieved £18m in the first half alone! I would be surprised if FY22 is less than £45-£50m...with a good chunk of this "incremental" to the £17m achieved in FY19. They have "special buys" for Internet only..and appeal to a different target market...with average order value £1000 compared to stores £1600. I think the upgrades on 16th June and 5th August are just steps in an upgrade cycle, with more to come. The current market cap is too cheap a rating of the forecast numbers (especially with c£90m of cash and no debt)...and those forecast numbers are there to be beaten and further upgraded in the year ahead. A compelling investment, with a stock rank of 99, IMHO.
cwa1: Outlook The Board is encouraged by the strong trading performance since reopening and therefore believes that the Group is in a strong position as we enter the new financial year. The next few months still hold a level of uncertainty, with the tone of government messaging at present being one of caution. However, given recent trading and the strength of the current order book, the Board's expectations for FY21 and FY22 are ahead of current market forecasts.
tole: Rodgers: SCSWith home refurbishment markets booming, sofa manufacturer SCS Group (LSE:SCS) is my top small-cap stock for July 2021. The £116m market cap firm has produced operating profit growth of 30.6% in the last 12 months as sales and profits surge post-lockdown. Dividends are expected to return in force, as high as 12p per share for 2022, offering substantial future income even after a 40% rise in the share price in the year to date. A forward P/E of 11 times earnings is cheap and I see more upside for July and beyond.
davidosh: The strength of the Group's balance sheet, coupled with the robust trading experienced since our stores opened in April, has provided the Board with the confidence to recommence dividends, starting with an interim dividend of 3.0p per share which is being declared with this update. The dividend will be paid on 24 July 2021 to shareholders on the register on 9 July 2021. The ex-dividend date is 8 July 2021. Interim Dividend Payment Date Further to the declaration of an interim dividend in the Group's trading update of 16 June 2021, ScS confirms that the interim dividend will now be paid on 23 July 2021. The record date and ex-dividend date are as set out in the trading update, being 9 July 2021 and 8 July 2021 respectively. So we will be getting it a day earlier than expected and hopefully a much bigger final dividend in a few months time as well. I am expecting at least a 5% dividend yield overall.
tole: shares to sit and hold ontoI think the trends that DFS is seeing bode well for SCS (LSE:SCS) too. In fact, I'm tempted to buy both. SCS has a stronger balance sheet with plenty of cash. It also reported strong performance in its last interim results. That was several months ago in March, so I reckon it's likely due another update soon.Some of the best UK shares to invest in are those of smaller companies, in my opinion. With a market capitalisation of £115m, I'd say SCS falls firmly in this group.The downsides that SCS is facing are likely to be similar to DFS, namely higher material costs and shipping delays. That said, I see SCS as a well-managed company and it's well-funded too. At a price-to-earnings ratio of 13x its shares are relatively cheap, in my opinion.
davidosh: The next trading update will be at the end of July or early August unless the board feel that the superb forecast beating figures need to be updated ahead of then. This was last year ScS sales and profits were around a third of DFS pre pandemic. Their performances will be highly correlated..and indeed ScS performed better after Lockdown 1 (orders +92% in 9 weeks after re-opening...vs DFS +69%) I expect big upgrades and in any event the charity pledge that I made at Mello which was matched by other investors too... looks likely to be hit today if it holds at the end of the day.
davidosh: Some very useful commentary on DFS and comparing with SCS by Paul Scott in the Small Cap Report... Supply constraints - seems to only be causing delays, rather than anything more serious - Our revenue growth in FY21 has however been constrained by sector-wide pressures on supply chains from raw materials availability, container shipping delays (including the effects of disruption in the Suez Canal), and Covid-19 disruption of factory production. Therefore the majority of the revenues and profits from our strong final quarter of trading will be recognised in our FY22 financial year. Dividends - a 7.5p final divi is expected to be declared in Sept 2021. Dilution - due to its awful, painfully weak balance sheet, DFS was forced to raise more equity during the pandemic. Therefore, note that the share count is now 258.4m, well up from the pre-pandemic level of c.215m. That curtails the upside per share. Whereas smaller rival Scs (LON:SCS) (I hold) which has a bulletproof balance sheet, didn’t need to raise fresh capital, and should therefore have better upside per share. Plus SCS shareholders could sleep soundly at night during the pandemic, whereas DFS at times looked to be in a dicey position. I like to make money on shares without having any worries about insolvency. My opinion - DFS is a really good business, no doubt about that. It’s performed remarkably well in such a heavily disrupted year, showing that lockdowns have not impacted demand for furniture, just caused delays which are quickly recouped when showrooms re-open. Plus people spending more time at home, seems to drive up consumers desire to revamp our homes. My balance sheet concerns remain, and the weak finances resulted in material dilution during the crisis, showing the folly of running any business on a negative NTAV balance sheet (substantially so in this case). Management clearly have not learned any lessons from this, as they're re-starting dividends. I think Scs (LON:SCS) is a much better, lower risk proposition as an investment, since it’s sitting on pots of cash, and trading well, at a bargain rating. There should be read-across from upbeat figures today issued by DFS. Hence DFS being up 12% at the time of writing, looks justified from this strong update today. Read across to SCS (I hold) hasn't happened, and it's down 1%. There's an obvious mismatch there, so I'll be topping up SCS when funds permit. A remarkable share price recovery at DFS, which I think is justified by strong performance.
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210926 00:37:11