Scs Share Discussion Threads

[woozle1] 11/1/2018 13:37

House of Fraser - where ScS has concessions - had a poor Xmas and that news came out this morning. That's all I can think of.
w1

[typo56] 11/1/2018 10:52

Margin calls elsewhere perhaps? Similar at FUTR.

[iotasteem] 11/1/2018 10:33

Anyone any idea whats caused he sudden 12% drop in price from 2 days ago?

[robsy2] 15/12/2017 16:24

I'm out. A trading profit for me. It still looks good going fwd.

[woozle1] 22/11/2017 12:59

8-9% yield continues to look safe. It feels more like a high yield bond!

[woozle1] 25/10/2017 17:48

Interesting to see if and how much it falls when it goes ex-div.

[sphere25] 25/10/2017 15:14

Just over a week to get the dividend. Buyers are queuing up here, hardly anything on the offer. Expect more buying pressure into next week.

[billy5] 12/10/2017 10:33

That 5K Sell was my 5K BUY. Just to set the record straight.

[salpara111] 03/10/2017 13:07

Owned this one for a long time, never really understood the rating but they are debt free, generate good cash and pay an incredible yield so I will continue to hold.

[woozle1] 03/10/2017 08:46

The £17m working capital inflow from increased payables means that (yes, it's not their cash) that the revenues are growing and they are selling sofas. The rating tells that they are not but the facts say otherwise.

[lopera1] 03/10/2017 08:39

Of the 40mn, 15mn yes. 45mn EV.
If you normalize FCF to 12mn taking out the wc improvement...
45/12=3,75x FCF Not bad

[tjbird] 03/10/2017 08:35

the cash isnt theirs, its customer deposits

langbar

[lopera1] 03/10/2017 08:32

Bufffff
Very good results!!!
EV of 25mn and fcf of 24mn! Never seen something like this.

[tjbird] 03/10/2017 08:30

will warn in a few weeks alwsys does

[cwa1] 03/10/2017 08:30

Link to results:-



David Knight, Chief Executive Officer of ScS commented:

"We are delighted to be reporting continued sales growth across all areas of the Group for the third year in a row. The core ScS business has continued to focus on providing excellent choice, value and quality for our customers, and I am pleased to see this delivering record results in furniture and flooring sales.

The Group saw a £15.7m (4.9%) increase in revenue in the year to £333.0m (2016: £317.3m). Gross profit increased to £153.7m (2016: £149.1m), EBITDA increased 8.4% to £17.4m (2016: £16.0m) and profit before tax rose 9.9% to £12.0m (2016: £10.9m).

Since the start of the current financial year, trading performance has been in line with our expectations. Furthermore, we believe the Group's increasing resilience will enable us to manage the continued economic uncertainty and take advantage of opportunities."

Final dividend 9.8p

Interestingly Finncap have downgraded their target price today from 230p to 215p but still have the stock as a BUY.

[robsy2] 03/10/2017 08:12

good set of results, I can't see anything worng with it. simply looks too cheap.
I've bought a few this morning.
Best
R2

[robsy2] 03/10/2017 08:12

good set of results, I can't see anything worng with it. simply looks too cheap.
I've bought a few this morning.
Best
R2

[woozle1] 09/8/2017 09:11

Profits line. That's means we'll get our 10% yield. Let's say profits down 10% next year, it's still on a p/e of 8 and DY 10% (because they can continue the pay out).
W1

[typo56] 03/7/2017 08:25

Dow Jones have them marked for a trading statement on July 6. Doesn't mean it will happen!

[woozle1] 28/6/2017 12:42

still no statement, which means profits are in line .. I'll be happy with no growth as the cash position is robust and the balance sheet is strong .. if the current yield is sustainable and/or they announce an extra return of cash, then the shares will really motor ..W

[typo56] 15/6/2017 15:04

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

Why shouldn't there be read across?

[woozle1] 15/6/2017 13:42

Just topped up with more ScS and gone back into DFS.