Scs Share Discussion Threads

[farrugia] 24/10/2023 07:26

given all the cash in the balance sheet - why are the directors recommending this offer?

[cwa1] 24/10/2023 07:24

Well, well, well :-))

[farrugia] 24/10/2023 07:23

which others are on your radar Dan? This is nothing but an opportunistic bid and the bidder should pay more. 280p when its worth at least 350p!? Part of my position was bought at 260p!!!

[dan_the_epic] 24/10/2023 07:06

Takeover at 66% +premium. always was stupid cheap. there are some real uk bargains below book value

[thorpematt] 21/10/2023 00:44

Well,who knew? Paul Scott a chartist. Chart appears to have formed a base at at 160p.

Probably needs to go above the 50 day MA.



free stock charts from uk.advfn.com
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[davidosh] 11/10/2023 20:26

From Paul Scott in his SCVR update a couple of days ago....

SCS (LON:SCS)
167p (pre market) £56m - Audit delay - Paul (I hold) - GREEN

Says today that its FY 7/2023 results will be delayed from 10 Oct to 25 Oct.

It doesn’t give a satisfactory reason for the delay, but does reassure that the numbers will be in line with the FY TU (full year trading update), and that the board has “no concerns whatsoever”.

Paul’s view - audit delays seem commonplace at the moment, probably an overhang from the effect of lockdowns, with not enough trainees going through the system, I’m guessing.

Since ScS has specifically stated that the results are in line with expectations, then I’ll stick with my GREEN view, explained here on 3 August, with an in line TU, reassuring on order intake, and a cash pile larger than the market cap (which continuously rotates, it’s not a seasonal spike). I concluded it looked remarkably cheap, and has remained so! At least ScS shareholders can relax, knowing that they can ride out any downturn in demand, if one arises. Unlike DFS, with its crazily geared balance sheet (but much better brand and market share). [no section below]

Is the chart forming a base I wonder? Note the consistently high StockRank - 97

[thorpematt] 03/8/2023 21:23

NICE UPDATE

Shore has a new note out today

[davidosh] 03/8/2023 15:56

Must be something in the air....little pop up for me too ! Almost 9% yield

[deadly] 03/8/2023 11:56

small popup, lucky you!

[dwnash1] 03/8/2023 11:28

Well the unexpected drop helped a small topup for me,,
g.l.all Lth's..

sorry about the missed letter "t" above, from first type,re.popup mistake

[dwnash1] 03/8/2023 11:11

The Bank of England keeping putting peoples income under pressure doesn't help uncertainty..imho....
What a daft way to curb inflation....get the Watch Dog out and about these Supermarkets and petroll stations, and compare prices against themselves for competition, not against the average person,,their must be a few behind the scenes phone calls happening in my thoughts, between directors,
Since the Pandemic they've had the monopoly over the small shops...some doing free delivery services..

[catabrit] 03/8/2023 10:56

The fact that this is down suggests the market is suspicious of the “improved trading in the second half of the year” comment.

[deadly] 03/8/2023 09:39

Solid TU today:

The Group expects to report full year profit in line with market expectations, driven by effective cost management and improved trading in the second half of the year.

[davidosh] 31/7/2023 14:45

There clearly must have been a big seller pulling the share price down until cleared....Now looks like it is heading back over £2 and Valentum Asset Management have hoovered up 4.85% so evidently the buyers

[thorpematt] 18/7/2023 21:16

free stock charts from uk.advfn.com
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Yep significant volume.

[tole] 18/7/2023 12:03

Big volume cleared at 145

[brucie5] 17/7/2023 18:04

And down it comes.

[davidosh] 14/7/2023 00:51

Appointment of Chief Financial Officer

ScS, one of the UK's largest retailers of upholstered furniture and floorings, is pleased to announce the appointment of Mark Fleetwood as Chief Financial Officer (CFO). He will join the Board of the Group and take up his role as CFO on 4 September 2023.

Mark has significant retail and PLC experience. He most recently served a five-year term as CFO of END. (endclothing.com), the digital-led global fashion retailer based in the North East, where he supported the high-growth ambitions with revenue more than doubling to circa GBP220m. Prior to this, he was Corporate Finance Director at Grainger plc, the UK's largest listed residential landlord. Before Grainger, he held senior roles at N+1 Singer and Brewin Dolphin. Mark is a chartered accountant (FCA) having qualified with KPMG in 2005.

Chris Muir, the Group's incumbent CFO who notified the Board of his intention to step down in December 2022, will remain actively involved with the business as Executive Director to ensure an orderly transition and to oversee publication of the Group's Preliminary Results in October. Chris will remain available until late 2023, when he will step down from the Board and depart having served his 12-month notice.

Steve Carson, CEO of ScS, commented:

"Mark is a fantastic addition to our business and brings significant digital, retail and PLC experience to the Board. He has a growth mind-set and strong track record of delivery, which will support us as we continue to progress our strategy. Mark will play a key part in the continued development of our growth plans and ambitions for the future, and we look forward to welcoming him. I would like to take this opportunity to thank Chris for his exceptional contribution to ScS in his seven years with the business. He is staying with us to oversee results and ensure an orderly transition. We will miss him when he leaves and we all wish him well for the future."

[chinahere] 10/6/2023 12:04

Hopefully they are busy trying to integrate it.

A poor purchase wasting the cash is the big worry here. Snug was cheap though at least.

[laughton] 09/6/2023 19:47

Well I hold SCS too so not going to argue with you. But they've been very quiet about progress since SNUG purchase from the brink.

[raggedtp] 09/6/2023 11:24

Interesting, Laughton, in that I am considering swapping my remainder in SNWS, after useful gains, into SCS today's price, because I think it has a good chance of recovering the 200p mark in a year or so, so about 30%, while I can't see SNWS much over 60p. Given the SNUG acquisition and SCS' strategic thoughtfulness about online buying, I think they have a better chance of long-term growth. Thoughts?

[laughton] 22/5/2023 11:01

Well, assuming you're here in part becasue of the yield, I like Smiths News (SNWS). Yes, it should probably be considered a business in long term decline but current management seem to have succeeded in turning things around, post the Tuffnels disaster,and appear sensible. Bank debt going down and prospect of increasing what is already a nice dividend once covenants can be renegotiated.

Big holding for me so am talking up my own book. Don't take my word for it - DYOR.

[davidosh] 22/5/2023 10:35

If you come for a day to this conference you will meet lots of companies and their management teams plus lots of friendly investors to network with

[farrugia] 22/5/2023 10:24

for those who hold here - which other companies do you like?