Scs Share Discussion Threads

[lopera1] 15/6/2017 11:58

No news, good news. No trading statement means revenues flat or slightly negative.

[woozle1] 15/6/2017 10:06

Then it's a buying opportunity. I suspect that we'll see a statement either today or tomorrow.
W

[cannonbeach] 15/6/2017 09:39

Hate how this share is a proxy for UK retail and/or DFS, when it shouldn't be...

[woozle1] 15/6/2017 09:13

Don't forget that the p/e is v low and that there's plenty of shareholder cash (and not just customers') on the b/s.

Looks like this warning has spooked the whole market.

Perhaps the Brexiteers are starting to smell the coffee.

W

[simso] 15/6/2017 08:31

I have always assumed ScS trading would be really difficult this season, especially against such strong comps last year. However, the one thing I think might mitigate this for ScS is that the Bonus/Commission spent last year was over £7m higher than the year before, after such an outstanding LFL last year. THis should largely unwind this year of weak LFL and cushion some of the blow to profit

[cwa1] 15/6/2017 07:53

That is definitely not going to help the share price this morning. Especially this bit:-

We believe these demand effects are market-wide, in line with industry indicators

Volatile day ahead......

[woozle1] 15/6/2017 07:10

Still surprised there's been nothing from ScS

DFS, the UK's leading retailer of upholstered furniture, provides the following update on current trading.

In our half year results announcement on 30 March 2017, we highlighted the expectation of a softer market environment in the second half of our financial year. The trading environment has however recently weakened beyond our expectation, with significant declines in store footfall leading to a material reduction in customer orders. We believe these demand effects are market-wide, in line with industry indicators, and are linked to customer uncertainty regarding the general election and the uncertain macroeconomic environment. As stated previously, the upholstery market does see short-term demand fluctuations from time-to-time, within an overall historical trend of long-term growth.

[bantrader] 13/6/2017 12:37

@Woozle1 yes, this is logical, in this case no news good news, we will see ...

[woozle1] 13/6/2017 07:09

still no trading statement, which I'm taking to mean everything is in line or slightly down.
w

[woozle1] 06/6/2017 20:26

Thanks bantrader. It was v interesting and the info Sun capital was good. It also affirms the strength of the b/s.
W

[bantrader] 05/6/2017 23:38

Valentum investment fund from Spain, has disclosed an investment in ScS.

In this video they're explaining the investment case.

[woozle1] 29/5/2017 11:29

No worries. You had me worried that I'd read it wrong. Never does any harm to check. Hopefully the news will be in line this week!
W

[bantrader] 29/5/2017 10:35

@Woozle1 Thanks to post it.

[woozle1] 29/5/2017 08:06

Just checked ukwire and it says 9th June 2016. Here's the transcript:
Group plc
Trading Update
RNS Number : 6552A
ScS Group PLC
09 June 2016

For Immediate Release

9 June 2016







ScS Group plc ("the Company")

Trading Update



ScS, one of the UK's largest retailers of upholstered furniture and floorings, today issues the following trading update after the two key May Bank Holidays.



Two positive trading updates have already been issued this financial year; first in January when we reported total like-for-like sales order intake up 8.8% for the 25 weeks ended 16 January 2016 and secondly at our interim results in April when we reported total like-for-like sales order intake up 12.0% for the first 37 weeks of the year.



We are now pleased to report the momentum has continued, with total like-for-like sales order intake increasing to 14.6% for the 45 weeks ended 4 June 2016.



As a result the Group expects to report profits ahead of current market expectations which have already been significantly upgraded during the current year.



David Knight, Chief Executive Officer of ScS commented:



"We are delighted that trading through the two key May Bank Holidays exceeded our initial expectations and the Group continues to show excellent progress on a like for like basis in all retail categories."

[bantrader] 28/5/2017 22:15

@Woozle1 Are you sure that next week they´re going to release a trading update?

Last year the trading update was august 9th,

hxxp://www.scsplc.co.uk/investors/events-calendar.aspx

[woozle1] 26/5/2017 12:46

I had to hold my balls but I've loaded up as its fallen. I got some at £1.50. Flat earnings make this a cash machine. I see 100% upside as the market realises that its not going bust. In other words a 5% DY. All that said, important trading statement next week and this hot weather is great for the garden centres but not sofa retailers. I'd sell some myself but think that flat earnings is good and 10% DY is good reason to hold.
W

[cwa1] 26/5/2017 12:36

Afternoon

I'd ramped up my holding quite a bit to the point where I was feeling a tad uncomfortable with the level. Decided to trim back a little into current strength for a very satisfactory turn.

Probably a mistake-but I'm happier now with the exposure I have here.

Fingers crossed for the remainder of the holding

[woozle1] 23/5/2017 22:26

Last year there was a trading statement on 9th June confirming that trading was ahead of expectations. In line or even down a little bit would be good; as it would confirm the dividend and should see the shares related. DFS now trading on a dy of 4 times and p/e of near 10. That would imply 100% upside for ScS.

[cwa1] 23/5/2017 11:23

A little bit perkier than it has been. Hopefully a good sign....

[woozle1] 23/5/2017 11:13

someone think the dividend will be paid.
W

[mister md] 05/5/2017 19:55

she didnt.

but from Oct:
Following the Transfer, Kevin Royal and persons closely associated with him continue to be interested in 399,309 Ordinary Shares, representing approximately 1.00 per cent. of the issued share capital of the Company.


and now:

Following the sale, Kevin Royal and persons closely associated with him retain no interest in the issued share capital of the Company.

[davidosh] 05/5/2017 16:24

When did she notify the market that she had sold her 350k shares ?

[mister md] 05/5/2017 12:01

davidosh yes but late last year he transferred 350,000 shares to his wife "Following the Transfer, Kevin Royal and persons closely associated with him continue to be interested in 399,309 Ordinary Shares" (and now 0) so we're talking proceeds of approx GBP 600 k

[davidosh] 05/5/2017 11:57

Kevin Royal the MD is not on the board and doesn't seem to like holding shares. He has been with SCS a long time: " Kevin joined ScS in 1981 as a trainee store manager, when it was purely a North East based retailer, and has played an instrumental role in leading the Group's retail division to success." The amount receivable from the share sale is c£74k and so not really material to base an investment selling decision on

[aim11] 05/5/2017 11:21

i've always been in dfs rather than scs , so i dont hold a position here