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 2.67% 182.75 119,348 16:35:16
Bid Price Offer Price High Price Low Price Open Price
180.00 185.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 268.12 -3.12 -5.80 73
Last Trade Time Trade Type Trade Size Trade Price Currency
13:26:13 O 66,928 180.00 GBX

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Date Time Title Posts
04/12/202016:40SCS Group PLC-2017 Thread With Charts, Etc.284
09/11/201916:02ScS Group PLC247
28/6/201714:01*** SCS ***-
23/8/200921:41Scotlands Shame2

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Scs Daily Update: Scs Group Plc is listed in the Household Goods & Home Construction sector of the London Stock Exchange with ticker SCS. The last closing price for Scs was 178p.
Scs Group Plc has a 4 week average price of 178p and a 12 week average price of 172.50p.
The 1 year high share price is 255p while the 1 year low share price is currently 128p.
There are currently 40,000,000 shares in issue and the average daily traded volume is 62,341 shares. The market capitalisation of Scs Group Plc is £73,100,000.
joemillson: I share your concerns (by the way I do hold quite a bit of SCS). It’s cash generative yes, and sits on a pile, so what’s the new boss going to do with it? Buy backs and Director buying recently would have been a good sign. I’m nervous - new CEO and Scion selling only months after buying in.
essentialinvestor: David, in it's previous stock market incarnation, ScS also had a very large cash balance in 2006, it was in administration 18 months later. Bought by the private equity firm who recently sold out. In the interim I'm sure many changes have been made and hopefully lessons learnt. It just makes me a little cautious though, perhaps unfairly so. I don't see directors adding recently and wonder if the pent up demand story for certain sectors is about to come to a halt?. If anyone has any thoughts on the above/or a different view, would be interested to hear, thanks.
davidosh: If they want to sell more then maybe SCS can take them out at this low level and put them into Treasury ready for an institutional buyer later as the company has plenty of free cash. Ideally the broker should be trying to get a new investor in if Scion want out.....maybe it was just a trim.
davidosh: Sphere....thanks for being honest and I certainly agree about some of the rubbish spouted and there are quite a few over promotional directors....certainly not the case here at SCS as I have met the directors. You would certainly enjoy the BASH (Buy, Avoid, Sell or Hold)panel session and you can enjoy SCS being discussed in the September one.....downloadable on our website. The largest shareholder was promoting his fund in that show too.
sphere25: I was looking around the market recently and it's hard to find anything that stands out. Noted this had fallen, been watching it for years. Proven itself to be more resilient in recent years than in the chequered past (better reputation?) so kept it on the watchlists for opportunities because it is prone to illiquid moves like this. Chart did bounce off strongly from these levels previously so a possible bottom. It looks like there is one seller at work here who has had to bring the price down to these levels to clear some lines of shares. It also explains the narrow spread. Small iceberg was sat on the offer at 182 (took some there) which looks cleared, now shifted to 182.5 but with a 845 block but only allowing small buys at that price. 183 for any normal market size like the recent 5k and 3k prints, but 3-4p through the offer for anything more. It forms repetitive patterns where there are some lines of shares to clear but once they're gone...bang! It just spikes back higher. On your point of institutional demand in the future, look at how hard it is to buy these from a small fish private investors view, if new institutions were trying to accumulate in any size here on the back of a much improved fundamental picture, this would go bonkers higher. It lurched from 180 to 220 in a flash earlier in the year. Possibly in future? One step at a time. Let's see how it goes. Just saw it as a decent entry point to begin some accumulation. As always, just an opinion DYOR
davidosh: I honestly think we will start seeing upward movement from here. I have invited the company (and particularly to introduce the new CEO) to do a presentation at a MelloMonday after the results in March. The share price should be at least 50% higher by then if trading continues the way it was pre lockdown.
thorpematt: David, We're deliberatly not commenting as we are all trying to buy more before it bounces off that lower trend line. On a serious note I do think that the company's cash / debt position is not understood by the market. Essentialy the EV is inflated due to its long term leases being listed as debt in accordance with the new IFRS16 standard. Once these are taken out of the equation, the balance sheet is extraordinarily strong. I think a protracted focus on home working and decreases in foreign holiday / travel, give tail winds to SCS for a protracted timeframe. I think that even without those, this is a remarkably cash generative business, with its (true) EV much lower than its MC, its true EV/PBT ratio is incredibly low. The SII have dropped significanlty of late. To put things into perspective, the current cash pile is enough to buy ALL of the 38m shares in issue and still have £40 left over! Interestingly (as highlighted very well in this TS), people in this sector like to try before they buy (otherwise why would orders fluctuate s absolutely in line with lockdowns). If the market believes that SCS's long term out of town leases are indeed "liabilities" in the literal sense, then I believe that it really doesn't understand the premise under which this type of business operates at all. For me, this is another example of a quality business whose share price has NOT reacted in line with any sensile analysis of mid to long term prospects. I think the market is too wrapped up in buying some very questionable "vaccine-recovery" stuff. In the meantime some serious once on a lifetime opportunities are being misssed. So hopefully you all grabbed a black friday bargain today?
tole: I’ve only got a small holding here myself which I bought in after the most recent trading update. The price never really came back afterwards to allow me to add anymore. Share price has performed well and the price has now closed the gap on the chart back to 220p from March which was my initial target, albeit it has come round a lot quicker than I thought. Also got a few in DFS Another which has made a late move today and performed well since its update.
robsy2: 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.
thorpematt: 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)
Scs share price data is direct from the London Stock Exchange
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