Scs Share Discussion Threads

[thorpematt] 11/8/2016 21:26

Yep, that spread is consistently above 400bps.

One of the few advantages PIs have over IIs is easy exit from positions and rapid movement in holdings relative to larger holders. A 4 - 7% penalty each time a move is made is a heavy price to pay and rather takes the edge off that advantage.

[extrader] 11/8/2016 15:33

Hi abarclay,

Call me old-fashioned, but I'm more interested in 'hard news' like an RNS reporting an II buy than an unsupported 'prediction' from a PI.....

ATB

[abarclay] 11/8/2016 15:21

Sun cap will dump their stake soon

[sphere25] 11/8/2016 15:19

Hi Extrader,

Definitely not one for the traders for sure, some of these illiquid ones can be abit of a pain.

Best to wait for the spreads to come in when everyone has got involved ie avoiding quieter mornings. But you're right, even then this one has a wider spread so get your orders placed onto the book to try and trade inside the spread.

Just have to battle the algos at times then ha

[extrader] 11/8/2016 13:15

Hi Sphere25,

A big disincentive to buy is the ridiculous bid/offer spread (157-170 or summat), which is - coincidentally and unhelpfully - roughly your 7 % annual 'reward' for holding....

Not one for the day traders !

ATB

[sphere25] 11/8/2016 13:11

"Threadneedle Asset Management Limited (5.063%)

Threadneedle Asset Management Limited is wholly owned by TC Financing Limited, which is itself wholly owned by Threadneedle Asset Management Holdings Limited, which is itself wholly owned by TAM UK Holdings Limited, which is itself wholly owned by Threadneedle Holdings Limited, which is itself wholly owned by Threadneedle Asset Management Holdings SARL, which is itself wholly owned by Ameriprise International Holdings GmbH, which is itself wholly owned by Ameriprise Financial, Inc. "

Anymore for anymore? Ha

SCS upgraded profit expectations earlier this year, DFS upgraded today. Clearly some uncertainty about, but it looks well in the price. I don't think the dividend will be under threat for a long long lahonggg period. More interest rate cuts, more QE and further stimulus in the autumn statement to all come.

Time for Mr Market to bid this back up nearer £2 (7% yield at £2). The right place to sit and wait for further updates.

[extrader] 11/8/2016 11:40

Me again,

Answering my own question, Ameriprise is the successor to spun-off American express Financial Services, over $ 800 BN under management, UK presence mainly through Threadneedle Street financial services.

[extrader] 11/8/2016 11:33

Hi all,

Ameriprise Financial (who dey ?) have just disclosed a 5% indirect stake in SCS. Nothing beforehand.

ATB

[salpara111] 11/8/2016 11:17

DFS results out today....arguably not as impressive as SCS and divi is no where near as generous but they get a 13% bump in share price

[extrader] 10/8/2016 14:08

Hi guys,

Wasn't it Sir Geoffrey Howe who wanted to have as his advisor a one - armed economist....?

I think he also said, IIRC, that economists typically knew 365 ways of making love, but didn't know any women.

ATB

[rhomboid] 10/8/2016 13:33

Hi Shanklin

Economists rarely agree and when they do they're almost invariably wrong.

HTH

[shanklin] 10/8/2016 12:57

It is quite difficult to reconcile the SCS RNS with "the end of the world is nigh" commentary of most economists.

[extrader] 10/8/2016 12:52

Hi all,

With management's credibility at stake, a policy of 'underpromise and over-deliver' seems pretty essential...and I thought the SCS (LON:SCS) update was admirably restrained.

ATB

[davidosh] 09/8/2016 13:31

Broker update from FinnCap....

ScS Group (SCS): Sales update (BUY)
ScS has today confirmed that trading momentum continued for the past 8 weeks of FY 2016 with LFL sales order intake +14.8% for the 53 weeks ended 30 July. Accordingly profits are expected to come in in line with expectations (finnCap forecast FY16 EBITDA of £15.6m, EPS 19.4p). Given the 24% decline in the price post the referendum, the stock is looking cheap on 7.8x earnings. That said, there are a few points to bear in mind: 1) the weak H2 base in the PY (LFL order intake +1.4%) has flattered the FY outturn; 2) the current period contains 53 weeks of trading and July 2016 had 5 weekends compared to 4 in the PY; 3) Potential FX impact and/or changes in consumer confidence will take time to feed through into spending patterns; and 4) the base is now high going into FY17. We are currently leaving our forecasts and 230p price target unchanged, but note that the August bank holiday will be the first key trading period post the referendum and will make a further assessment then.

[salpara111] 09/8/2016 10:01

I am adding more!
Like for like up 14.8% and a yield of 8.8%
If that is not a bargain I don't know what is!

[thorpematt] 09/8/2016 08:41

I fond this one a little illiquid but that's a positive statement so 200p looks likely from here IMO

[salpara111] 22/7/2016 13:01

The share price is down on expectations of much reduced activity going forward and undoubtedly that will happen as the housing market is really slowing down.
The big question is....how big a drop in sales will we see and more importantly is the drop a temporary issue or permanent.

[simso] 20/7/2016 17:09

The LFL Order Intake for second half looks like its heading for +17%, and I would hope for up to 25p EPS here from my calculations. According to Stockopedia, the brokers are at 19.7p...and that is already after several upgrades to their Forecasts this year.

We know the first 45 weeks performance, and the final 7 weeks take us to end July. Would expect a Pre-Close Statement in the next couple of weeks. Those final 7 weeks will be mostly "post Brexit" weeks, so the question is whether sales have declined significantly. Interesting that the Chairman and a "related party" to the CEO bought more shares last week. Its hard to imagine they would have done so if sales had fallen off a cliff, or they had seen a marked change in performance since Brexit.

[onjohn] 05/7/2016 11:47

Salpara111 4 Jul'16 - 12:43 - 116 of 118 0 0

Well they have about 32m net cash


No, its all sofa deposits i think! and they have to build the sofas and use the cash up. No orders and cash will evaporate :)

[onjohn] 05/7/2016 11:46

doesnt want to stop going down

[simso] 04/7/2016 13:17

THey did go into Administration in 2008, and Management explained that was down to the withdrawal of Credit Insurance in the midst of the Financial Crisis. They assure me that they are not exposed to Credit Insurance withdrawal this time. Now a 10% yield which is covered by Cash on Balance Sheet...and also by a decent gap between earnings and dividend.
To fear when others are buying, and buy when others are fearful

[salpara111] 04/7/2016 12:43

Well they have about 32m net cash and no debt and offer a divi just short of 10%.
On that basis the housing market will have to go into meltdown for them to be in any sort of trouble.
Their last few updates have been very positive even when the likes of carpetright have been negative so I am guessing that they are a well run business.
I have been holding from 180 and see no reason to panic sell right now.

[boonkoh] 04/7/2016 12:15

Low operating margins, could go into a deep loss quickly if sales start to decline. Sales very exposed to people moving houses. Which is set for a slowdown given the swing housing market and today's announcement of low construction growth in June. At least they're not eyeball deep in debt this time round.

[rubberbullets] 04/7/2016 10:05

didnt it go bust in the last downturn ?