Share Name Share Symbol Market Type Share ISIN Share Description
Scs Group Plc LSE:SCS London Ordinary Share GB00BRF0TJ56 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -0.34% 292.00 288.00 294.00 292.00 290.00 291.00 22,981 13:59:56
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 268.1 -3.1 -5.8 - 117

Scs Share Discussion Threads

Showing 651 to 675 of 675 messages
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Back in on this retrace. Price seems right and it has the cash to last a storm.
They have over 100m in cash, capped at 137m and on a forecast basis, estimated PER is single digits (8). Compare to DFS, which is around 12 (which is still very good). Next update should be good.
This from 16th June....Current trading very strong and the Board now expects FY21 to be ahead of market expectationsOutlook for FY22 substantially better than current market forecastsLooking forward to the next update 5th August - movin on up :)
Well I've topped up this morning. Just hope all their staff don't get continually pinged to stay at home.
06:37 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.
I think they probably will do at some stage but it does give suppliers confidence to provide stock before payment when the balance sheet looks very strong and we should also remember that there will have been furlough assistance so most companies are holding back on paying big dividends until we are out of the pandemic as it would not look very good. They are probably also keeping powder dry as there could be some good acquisitions to be made.
Can anyone explain why this company is hoarding so much cash? Almost looks suspicious - why don't they do a big special dividend to return most of it to shareholders?
Apparently knocked back by the triple top. 50sma is at about 280, which is where I'd see first support.
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.
21:58 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.
Agreed staying on this train next stop private equity takeover
I am buying not selling . Forecasts don’t make sense . They’re beyond conservative . £75m net cash (post deposits). Biz value £45m . Pbt £17m forecasts which is understated . Go figure !
Took my profits here, though medium term this will remain on my watch list. Mainly because I'm selling a few shares into strength against the summer months and have made 31% here since my two buys in March/April. Looks like it can go a lot higher, though, and I'm curious to see what they'll do with all that cash.
A very good update this morning Order LFL v 2019 of +79% for the 10 weeks since re-opening, and the Board's outlook for FY..... "substantially better than current market forecasts". The house broker has increased FY forecasts by 150% to 26p eps but this still looks light and will probably end up close to 30p by the time year end orders have been delivered and booked. Current net Cash Balance of £101m (Around £25m-£30m of that is Customer Deposits). Market Cap last night was £110m. Still looks an incredibly cheap valuation, on forecasts which I still think are too prudent, despite +150% upgrade. Plenty of scope for the year end dividend to be many times higher than the interim.
Any brokers note out today ? Will be interesting to see what numbers they pencil on for 2022 and 23.Sounds like they got a fair bit of the Harveys business.
The thread host laced his hands round his tum and muttered: satisfactory :-)
Agreed. Happy days! :-) Especially as the market cap at £128m isn't that much greater than the £101m in the bank! (Although conscious a lot of this money will no doubt be customers deposits).
A robust balance sheet with no debt, £101m in the bank, full year performance for FY21 to be ahead of market expectations and resumption of dividends - what's not to like! Happy days :)
There we go-earlier than expected.
good update figures in RNS
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.
Monday, September 27th 2021 Full Year 2021 SCS Group PLC Earnings Release Thursday, November 25th 2021 SCS Group PLC Annual Shareholders Meeting -------------------- No idea about a TU though.
when is the next trading update?
Great move today, and particularly instructive since off the back of peer business DFS. Paul Scott is very obviously a fan, and tends to know his way around the balance sheets of good retail businesses. The chart suggests break out. Looking back to my post of April 21st, when I bought in, it looks to be within spitting distance to my relatively unambitious short term objective: -------------------------------------------------------------------- Brucie516 Apr '21 - 15:58 - 365 of 390 Edit 0 1 1 I think £3+ is a good call for this medium term. It has both momentum and value on its side and should be a beneficiary of consumer spending. I'm trying to recover what Paul Scott said about in on his most recent coverage, but I'm sure he saw it going significantly higher, or else being bought up by a VC on basis of all the cash. Over £3 would be a near 20% gain, and that's what I'm looking for within next six months, together of course, with a small dividend. shall we say, 25% all told? Good enough for 12 months. I bought in towards end of March and have just added for the BO. GLA, NAI, DYOR, of course!
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.
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