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Scs Group Plc (SCS)
Scs Group Plc (SCS) Share Price

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Scs Group Plc	LSE:SCS	London	Ordinary Share	GB00BRF0TJ56	ORD 0.1P

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	-4.75	-2.84%	162.50	85,990	08:03:44

Bid Price		Offer Price	High Price	Low Price	Open Price
161.00		167.50	162.50	162.50	162.50

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Furniture-wholesale	331.57	13.58	36.90	4.41	57.73

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
08:36:00	O	1	165.485	GBX

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Scs (SCS) Latest News

Scs News

Date	Time	Source	Headline
25/4/2023	15:30	UKREG	ScS Group PLC Grant of Awards
25/4/2023	07:13	UKREG	ScS Group PLC Change in Director's Particulars
19/4/2023	07:00	UKREG	ScS Group PLC Appointment of Non-Executive Director
14/4/2023	10:21	UKREG	ScS Group PLC Change in Director's Particulars
21/3/2023	14:41	ALNC	EARNINGS SUMMARY: Niox swings to profit in 2022; ScS loss balloons
21/3/2023	07:00	UKREG	ScS Group PLC Interim Results
17/2/2023	07:01	UKREG	ScS Group PLC Completion of GBP7m Share Buyback Programmes
17/2/2023	07:00	UKREG	ScS Group PLC Transaction in Own Shares
15/2/2023	17:35	UKREG	ScS Group PLC Transaction in Own Shares
15/2/2023	09:14	UKREG	ScS Group PLC Notification of Major Holdings

Scs Investors Scs Takeover Rumours

Scs (SCS) Discussions and Chat

Scs Forums and Chat

Date	Time	Title	Posts
22/5/2023	11:01	SCS Group PLC-2017 Thread With Charts, Etc.	876
09/11/2019	16:02	ScS Group PLC	247
28/6/2017	15:01	* SCS *	-
23/8/2009	22:41	Scotlands Shame	2

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Scs (SCS) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
07:36:02	165.49	1	1.65	O
07:30:06	164.97	300	494.90	O
07:08:14	165.49	1	1.65	O
07:08:01	162.01	150	243.01	O
07:06:50	165.49	1	1.65	O

View all Scs trades in real-time

Scs (SCS) Top Chat Posts

Top Posts
Posted at 30/3/2023 10:52 by lkstls I wrote them an email asking about the buybacks. Here Was the answer: Thanks for your email. A couple of points to make. Firstly, when you talk about buybacks being a ‘big part of the investment theses’ you should note that several of ScS’s large institutional holders are income focussed and will therefore very likely retain an alternative investment thesis. Secondly, ScS consistently reviews its capital allocation policy and wants to ensure its shareholders are rewarded appropriately for their support. The business has retained a conservative balance sheet with no debt and management believes it is important to now focus on future investment and the execution of the business strategy, to which there have been excellent results so far, while ensuring that the business remains in a position of strength given current market conditions. Best, Toto Read Full Thread Follow Reply
Posted at 22/3/2023 11:35 by catabrit This is going to be fine. The only reason the share price is cooling off is because of the wider market malaise, the lack of buybacks and probably a lack of conviction on behalf of new shareholders who think that if they wait they might get to steal it (all perfectly valid). But from a fundamental perspective, this is a great little investment at this price and will reward patient shareholders with an excellent r/r. I will add meaningfully if this falls back down to sub 150p. But I highly doubt that it will. Hold the line. Read Full Thread Follow Reply
Posted at 21/3/2023 23:01 by thorpematt £32 million is the customer deposit account as of January. The rest is truly SCS cash. Not that the positive cahflow model is liable to change any time soon. SCS will still benefit from the interset paid on deposits regardless. Last January it was £45.5m BTW. SCS does have a very significant cash pile. Future lease liabilities at £20m are dwarfed by comparison. And in principle I don't see the property leases as liabilities at all - since most people buy sofas in particular, after they have tried it out in person (hence the stores are assets in such a business model). Online competitors have a disadvantage for sure. Had SCS utilised the £7m for a dividend it would equate to over an 11% special divi. As it is, the divi is forecast to be over 8%. Sometimes (not often) some companies just spin off a lot of cash, such that it can be quite dificult to know what to do with it. Given that its main rival in the marketplace is in SUCH poor health balance sheet-wise, I'd conclude that SCS is in a very enviable position indeed. Read Full Thread Follow Reply
Posted at 21/3/2023 18:41 by davidosh Laughton said.... 'Well yes but, as we all know, most or nearly all of that is actually customer deposits and delayed payments to suppliers.' I am not sure how you have derived at that figure but I do know that the current cash was quoted as.... Resilient balance sheet, with cash of £83.2m as at 18 March 2023 and no debt The current orders are back by deposits but there will still be the vast majority to be paid for by customers at or just before delivery and then suppliers get paid the following month....those latter two items will nearly match as SCS has 43% gross margin. So I really do think at least half the cash can be seen as SCS cash and of course the interest earned on that cash is also increasing steadily as rates rise. Read Full Thread Follow Reply
Posted at 02/2/2023 07:30 by cwa1 https://www.investegate.co.uk/scs-group-plc--scs-/rns/interim-trading-update/202302020700036462O/ Like-for-like order intake momentum improved significantly throughout the Period and the Group returned to growth of 2.6% in the last 10 weeks, which included the key winter sale. As previously reported, like-for-like performance in the first 16 weeks was impacted by a tough comparative. Despite the current economic climate remaining challenging and unpredictable, the Board is encouraged by recent order levels. We continue to believe that the Group's refreshed strategy, strong cost management and robust balance sheet places it in an excellent financial and operational position. The Group remains on track to meet full year market expectations*. ScS expects to announce its interim results on Tuesday, 21 March 2023. A meeting for analysts will be held on the morning of the results, please contact Buchanan via scs@buchanan.uk.com for further details. Read Full Thread Follow Reply
Posted at 10/1/2023 15:25 by laughton Looks to me as though the whole lot has done a pre-pack adminstration with SCS. Whether the existing stores will continue will I guess depend on whether SCS already have an outlet nearby. Hopefull SCS, having more experience, will be able to make a go of this. Looks as though snug sofa sells at highr prices so maybe broaden the appeal. Less than £1M for a business turning over £20M must be a good deal. Read Full Thread Follow Reply
Posted at 10/1/2023 12:36 by brucie5 Interesting: so why am I so nervous? -------------------------------------- 10 January 2023 For Immediate Release 10 January 2023 ScS Group plc ("ScS", or the "Group") Acquisition of Snugsofa.com ScS, one of the UK's largest retailers of upholstered furniture and floorings, is pleased to announce that it has acquired the brand, domain names, website, intellectual property and stock of Snugsofa.com ("Snug") from the administrators of Snug Shack Limited for consideration of GBP875,000. Snug is an innovative digital-first sofa and sofa-bed business specialising in modular and re-configurable sofas. Snug was founded by Robert and Peter Bridgman in 2018 as Europe's first sofa-in-a-box concept, and has grown to become one of the largest retailers in this segment of the furniture market. Snug's ethos is to offer a carefully curated choice of products in a range of colours and configurations, with quick delivery and excellent quality and customer service. Although predominantly online, Snug also operates from one store in Leeds. We expect there to be an opportunity to add Snug concessions to the Group's stores, providing the brand with significantly improved national visibility and penetration. The Board believes the acquisition of Snug represents further progression in ScS's strategy. Snug's strong brand and differentiated digital-first offering will complement ScS's existing proposition, further diversifying its customer base and increasing market share. Snug's innovative approach to social engagement and digital marketing will be an asset to the wider ScS business while Snug will benefit from the Group's expertise, supplier relationships and scale. Snug has 53 colleagues who have been a significant part of its success, and that team will join the Group as part of the acquisition. For the 12 months to 31 December 2022, Snug expects revenues of cGBP20m. Going forward under ScS's ownership we aim to further grow the business. Snug will report in line with the Group's financial year, apply the Group's accounting policies and is expected to be earnings accretive in FY24. Steve Carson, Chief Executive Officer of ScS, commented: "Snug is an exciting and young business with great potential. It has a strong and recognisable brand, a differentiated product and targets a market that complements our proposition. In that regard, it presents us with an exciting opportunity to further increase market share. We therefore, view it as a great strategic and cultural fit which reinforces our commitment to helping our customers create the home they love. We look forward to welcoming our new colleagues into the ScS family." Read Full Thread Follow Reply
Posted at 10/1/2023 12:35 by cwa1 Indeed https://uk.advfn.com/stock-market/london/scs-SCS/share-news/ScS-Group-PLC-Acquisition-of-Snugsofa-com/89947292 Acquisition of Snugsofa.com ScS, one of the UK's largest retailers of upholstered furniture and floorings, is pleased to announce that it has acquired the brand, domain names, website, intellectual property and stock of Snugsofa.com ("Snug") from the administrators of Snug Shack Limited for consideration of GBP875,000. Snug is an innovative digital-first sofa and sofa-bed business specialising in modular and re-configurable sofas. Snug was founded by Robert and Peter Bridgman in 2018 as Europe's first sofa-in-a-box concept, and has grown to become one of the largest retailers in this segment of the furniture market. Snug's ethos is to offer a carefully curated choice of products in a range of colours and configurations, with quick delivery and excellent quality and customer service. Although predominantly online, Snug also operates from one store in Leeds. We expect there to be an opportunity to add Snug concessions to the Group's stores, providing the brand with significantly improved national visibility and penetration. The Board believes the acquisition of Snug represents further progression in ScS's strategy. Snug's strong brand and differentiated digital-first offering will complement ScS's existing proposition, further diversifying its customer base and increasing market share. Snug's innovative approach to social engagement and digital marketing will be an asset to the wider ScS business while Snug will benefit from the Group's expertise, supplier relationships and scale. Snug has 53 colleagues who have been a significant part of its success, and that team will join the Group as part of the acquisition. For the 12 months to 31 December 2022, Snug expects revenues of cGBP20m. Going forward under ScS's ownership we aim to further grow the business. Snug will report in line with the Group's financial year, apply the Group's accounting policies and is expected to be earnings accretive in FY24. Steve Carson, Chief Executive Officer of ScS, commented: "Snug is an exciting and young business with great potential. It has a strong and recognisable brand, a differentiated product and targets a market that complements our proposition. In that regard, it presents us with an exciting opportunity to further increase market share. We therefore, view it as a great strategic and cultural fit which reinforces our commitment to helping our customers create the home they love. We look forward to welcoming our new colleagues into the ScS family." Read Full Thread Follow Reply
Posted at 13/10/2022 07:30 by tole https://citywire.com/funds-insider/news/expert-view-travis-perkins-barratt-mitchells-hostelworld-and-scs/Better days ahead makes SCS a 'buy', says Peel HuntPeel Hunt believes there are 'better days ahead' for struggling furniture retailer SCS (SCS).Analyst Jonathan Pritchard retained his 'buy' recommendation and target price of 200p on the stock, which rallied 3.6% to close at 130p on Wednesday.'While current trading is undoubtedly awkward, SCS is making a decent fist of things and won market share in 2022. The prelims were in line with hopes,' he said.'Looking forward, there is scope for cost control, so while the first quarter has started in a subdued manner, there are no changes to forecasts at the profit-before-tax level.'Pritchard added that the shares are 'doubtless cheap and have an attractive yield' while the company also continues to buy back shares.'It will not be every fund manager that wants exposure to high-ticket retail, but SCS should emerge stronger, like its chief peer DFS, and we believe both should be bought,' he said. Read Full Thread Follow Reply
Posted at 08/8/2022 17:11 by napoleon 14th Small Companies Live 050822: ScS (SCS.L) - Trading Update We were expecting a profit warning here, however: The board is pleased to announce that positive trading, strong margin, and effective cost management during the year means the Group now expects to report full year profit ahead of market expectations. It seems Leo’s analysis matched orders but the deliveries is where the Trustpilot figures proved unreliable: At 30 July 2022, the Group's order book was £71.7m (including VAT), £31.8m lower than at the same point in the prior year and £28.8m higher than at the same point in 2019. This indicates far higher deliveries (= recognisable revenue) than Leo was seeing on Trustpilot. Impressive operationally for them to be able to deliver that order book profitably in this period. This has fed into profits: After a challenging 12 months, the Board is pleased to be announcing profit ahead of market expectations for the year ended July 2022. The Trustpilot figures have proven to be a much better guide of orders: In recent months we have seen reduced in-store and online visitors resulting in a reduction in order levels, driven by the widely reported falling consumer confidence as a result of the cost of living pressures and economic uncertainty. And, of course, the outlook is poor: We expect the low consumer confidence will continue to adversely impact the Group in FY23. Higher deliveries this year mean a lower order book entering FY 2023 than expected, but still: However, the Group is in a strong position as we enter the new financial year, and strategic progress over the last 12 months means we are well positioned to take market share and maximise opportunities in a difficult environment. So we continue to see a strong H1 weighting due to the order book with high uncertainty in H2. And their financial position means that have scope to survive where others fail. DFS, in particular, looks vulnerable, though it would be difficult for them to benefit from that as it would lead to an unwillingness on the part of consumers to pay deposits up front, and they probably wouldn't be allowed to buy them. As ever, the thing to focus on here is the cash: The Group's financial position remains robust, with cash at 30 July 2022 of £70.8m and no debt. Here's the cash history pieced together from results statements: 27th July 2019: £57.7m 25th Jan 2020: £61.5m 25th July 2020: £82.3m 23rd Jan 2021: £91.8m 31st July 2021: £87.7m 29th Jan 2022: £87.9m However, these figures are not much use without knowing how much of this cash is theirs and how much is customer deposits. Broker Shore put this as £43m net cash and we expect they have been given this by the company not calculated it. ScS have also spent a small amount on share buybacks. Could it be we are at the same point in the cost of living crisis as we were with covid in March 2020? We now know it is going to be really bad, that government (and BOE in this case) have no plans to effectively tackle it and we have very little idea how long it will go on for. If so, then the bottom may be in on the share price, but one thing is for certain, FY 2023 is going to be pretty hairy. Shore have cut 2022 revenue to £347.5m from £358m. FY 2023 forecasts have been cut from £375m to £349m. Perhaps the beat on profitability is due to the cost of living crisis that made advertising spend uneconomic. Profits are still likely in 2023 due to that order book, but FY 2024 could be loss-making. Shore FY 2024 forecasts look wildly optimistic with revenue of £359m versus £317m pre-covid. However, Shore also “note the potential” for further buybacks next year. A business that is reducng share count by 10% a year and still remains capable paying a yield of c.9% will be attractive valuation for many. Read Full Thread Follow Reply

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