Scs Share Discussion Threads

[mackie] 30/6/2020 13:09

Popped in local store today, looked very busy, hopefully things are picking up again.

[eggbaconandbubble] 22/6/2020 08:49

Sunak to cut VAT?

Well I guess that will put the kibosh on sales till the announcement is made, then hopefully boom!

[eggbaconandbubble] 16/6/2020 14:06

Would I be right thinking there is a seller feeding shares into the market?

[cwa1] 16/6/2020 08:48

Took a few at 150p. Bit of a punt on there being a bit of pent up demand and hopefully lots of people fed up looking at, or sitting on, the same old sofa they have for the past X years! Also, not many foreign holidays, so maybe this could be the way they spend their "big ticket" cash? Wishful thinking? Possibly. Of course that all has to be set against a lot of people having had a dreadful time of it of late and that shouldn't be underestimated-also cash being a prisoner until some semblance of normality returns might be the watchword for many folk. Time will, as ever, tell but good fortune to all here regardless.

[robsy2] 12/6/2020 16:37

DFS was IC Tip of the Week. They like the idea that DFS will benefit from people working form home , spending more time at home and that there will be pent up demand for what they sell . I think that should read scross to SCS.

[eggbaconandbubble] 12/6/2020 14:19

Just spoken to a dfs delivery driver and he said they were working flat out!

[cwa1] 10/6/2020 12:15

Hear..as in hear what I have to say :-)

[eggbaconandbubble] 10/6/2020 12:12

Hear, hear! or is it Here, here! I can never remember.

200p seems totally feasible to me.

[robsy2] 10/6/2020 10:27

I've bought a few this morning. It just looks too cheap to me and hasn't really reacted that much to an improving situation unlike DFS (which I wouldn't invest in ) that has bounced back quite nicely.
This stock has never been highly rated . It's always blighted by concerns over consumer confidence, Brexit,dificult end markets, house moves decreasing etc etc . add covid 19 and we are where we are .
Here are some positives for me .
SCS competes well and has a very slick business model.
plenty of cash- they will survive
business managers seem good , crystal clear thinking and information.
It is all a bit of a grind but they are good at it and seem to be excellent at improving efficiency .
They are outperfoming their rivals and gaining market share.
Coming back from Covid could be swift and profitable .There is probably pent -up demand for a new sofa and some new flooring maybe. Some of what people are not spending on hols , flights , cinema, restauarants etc they can spend making their homes more comfortable.
The share price is low even for SCS . .
80% of the shops are reopened.
The stock overhang has been dealt with.
the next bit of news will , hopefully , say something about decent sales etc and could spark a change of sentimnet . A final dividend of some sort would help .
There are catalysts here so I have a price target of 200p.

[someuwin] 28/5/2020 11:05

From Today's Shares Mag...

"Consumer stocks rally on lockdown easing hopes

Airlines, retailers and leisure groups all surge as the UK looks to reopen

...

...In other company-specific retail news, sofa and carpets seller ScS (SCS) has announced a soft reopening of some stores.

Shore Capital analyst Clive Back commented: ‘The whole country has experienced a traumatic period through the coronavirus crisis and within this context the British non-discretionary retail sector has also had to endure a major period of uncertainty, cost and challenge.

‘Sadly, we do not believe that all of the furniture and flooring stores trading in the UK prior to the coronavirus crisis will reopen, something that in a broader context leads us to have concerns about the short-to-medium term prospects for the British consumer economy.

‘Whilst this is so, ScS, with its excellent management, long-standing financial conservatism, strong balance sheet and operational effectiveness, was always towards the top of our survivors’ list for the post-lockdown domestic retail world.’"

[thorpematt] 26/5/2020 20:53

So, anyway SCS

They have issued a TS - looks like trading in England is viable within a safe methodology and so WAles and Scotland to follow soon no doubt.

I think the market for SCS products is going to be subdued proportionally to unemployment.

Good weather is not favourable to SCS's products but an inability to spend on foreign holidays might be.

For those not familiar with the balance sheet. It is very strong. The "debt" is all due to long term leases. I preceive these as not problematic in the vast majority since the sites for SCSs retail units are mostly where they want them to be geographically.

In terms of earnigns and cashflow SCS has been exceptional in this regard the last few years. Obviously a collapse in Q1, Q2 earnings will not be very clever so it's more og a longer term bet (but then most are these days).

Nice rise today (3rd best of my holdings on a rather stunning up-day)

[eggbaconandbubble] 26/5/2020 10:12

I ain't been flooded mate. I live on the side of a hill 70ft above a harbour.

Besides you started the mud slinging Message #199

[eggbaconandbubble] 26/5/2020 09:04

Dehumidifiers - yes they help, but I suppose you reckon you can just phone up the local hire shop and get one delivered the next day when 10,000 other people are trying to do the same!

Then when you have won the dehumidifier lottery, and dried the house out, got the electrics sorted by an electrician who surprisingly has not a lot of work on, I guess you imagine just phoning up the loss adjuster, assessor, Building Control (electrics certificate), etc. etc. and despite having thousands of other houses to inspect they will all just down tools and immediately go around to that Mr D1NGA's house to sign it off.

Mate, It's painfully obvious that you are someone who never ventures out of their spare bedroom and relies entirely on that big magic screen for all your answers.

I'll modify my previous comment - fu*king prat!

[someuwin] 26/5/2020 08:08

Looks a bargain now.

[eggbaconandbubble] 26/5/2020 07:04

Their bed????

Have you ever been flooded? Clearly not!

On your reckoning - as soon as the flood water has gone you'd nip out to the shops and get a new carpet and put in an a new sofa from SCS. - All straight into a soaking wet and damp room. Then plug in the new telly to some dodgy damp 13amp circuit and Hey Presto - Simples!!!

Prat!

As anyone who has been flooded will tell you. After you have cleared out all the damaged furniture and the mud/sewage, cleaned up etc. - the insurance companies, health officials, Building Control et al. tell you that the flood affected rooms must be left to dry out, usually for at least four to six months, before they can be refurnished. Not to mention rewiring etc. etc.

That usually involves squatting in upstairs rooms in the meantime. And yes, by now even you will have guessed - that means sitting on the bed!

[d1nga] 25/5/2020 21:37

Egg

What have they been sitting on since the flood?

They've bought already, no one sits on a sewerage infused sofa.


Unless you're into that sort of thing

[joemillson] 25/5/2020 21:14

Gamwah - no net debt, but leased property.
I own some SCS, think medium term will be fine thanks to decent balance sheet and management, but concerned about demand for big ticket items with current situation.

[eggbaconandbubble] 25/5/2020 13:25

Arn't the people who were flooded last winter - remember? Going to be out buying a new sofa care of their house insurance???

[dmdmdmdm1] 25/5/2020 12:21

Surely there will be a sofa buying boom, after the past weeks spent sitting on them!

[gamwah] 24/5/2020 22:57

Looks like stores are opening next week, the mcap is lower than net cash. Do they have any debt?

[joemillson] 06/4/2020 12:25

Just like how the management communicates here, regular updates with plenty of caution. Happy to see DK committing further as well.
(ps i do own SCS)