Scs Share Discussion Threads

[davidosh] 20/4/2021 16:36

I think we are at a breakout level and so my £3 per share charity pledge target will be within sight over the next couple of months and likely to get hit at the next trading update

[brucie5] 16/4/2021 16:36

Paul Scott thought this should be trading in range £3 to £4, with strong possibility of a bid approach.

[brucie5] 16/4/2021 15:58

I think £3+ is a good call for this medium term. It has both momentum and value on its side and should be a beneficiary of consumer spending. I'm trying to recover what Paul Scott said about in on his most recent coverage, but I'm sure he saw it going significantly higher, or else being bought up by a VC on basis of all the cash.
Over £3 would be a near 20% gain, and that's what I'm looking for within next six months, together of course, with a small dividend. shall we say, 25% all told?
Good enough for 12 months. I bought in towards end of March and have just added for the BO.

GLA, NAI, DYOR, of course!

[davidosh] 16/4/2021 11:52

I have selected SCS as my chosen company to hit a share price of £3 so that a charity can benefit from donations including £300.00 from me. If any of you want to match that with a different amount for another charity then you can do...



You can choose any company and any charity or simply match another investor and their pledge. I am hoping to get to £100k for lots of smaller deserving charities mainly but all donations much appreciated.

Lets hope the markets stay positive and investors are generous.

[soleman1] 16/4/2021 10:37

Day after day the buys massively outweigh the sells, were at a crucial resistance. If this breaks 250p it could get very exciting.

[finkie] 07/4/2021 12:10

just bought in great results and profit margins etc, feels like this will go higher next week when stores re open......cant go on holiday buy a sofa!

[brucie5] 30/3/2021 19:57

Nice tick up over 2.40.

[davidosh] 30/3/2021 14:31

SCS featured in the Results Round up at Mello last night and came out very positively

[soleman1] 30/3/2021 08:05

Lots of early interest, feels like a blue day

[brucie5] 26/3/2021 16:08

Started a position here. Still appears overbought, so I will wait for my next tranche. Looking forward to hearing from Mello.

[farrugia] 23/3/2021 10:26

if they can't spend money on foreign travel they will spend more on sofas and stuff haha

[netcurtains] 22/3/2021 10:16

6:40pm tonight SCS

[netcurtains] 22/3/2021 08:10

The mollo thing is on tonight I think? SCS one of the companies in the session.

[netcurtains] 19/3/2021 09:40

SCS are currently advertising on TV ...

[soleman1] 17/3/2021 18:26

Very well rounded reasoning Bruce. The only thing I would add is if you overlaid the cash balance, current and projected profits against the chart I think you would see it is remarkably cheap compared to the historic norm. They did also buy up some stock.VC is a possibility, the new bod may also be keen to return some cash to shareholders via large or special dividend.It may drop back into the 200-220 range but the possibility of a breakout seems more likely to me.

[brucie5] 17/3/2021 12:30

Looking to buy in here on the back of Paul Scott's recent review of results on Stocko. His view seems to be that SCS will be taken out by a VC, to leverage the balance sheet, which does loom remarkably full! That would a shame.

I'm assuming that once the great British public is released from lockdown SCS tills will be ring once again. Spending on really well made furniture has always seemed a good idea to me, though scrooge that I am, my one SCS piece, a large reclinable sofa, was bought second hand. It is lovely though!

I would also, as with BT, which I bought recently, expect a dividend in the not too distant, which will enhance its attractions to institutional holders.

My hesitation is with the chart, which looks overextended. The share price tends to spike up and down a lot, with a regular range of 20-30p.So I'd be more interested should it come down to my target region of 2.10-2.20, which would suggest a solid base.

We're also at the top of the 5 year range, which suggests to me there might be historic resistance.

Therefore on my watchlist.

[chrisb1103] 16/3/2021 19:14

So why doesn't this start with a 3? Surely?

[davidosh] 16/3/2021 12:14

In fairness the new CEO had only been in place for a few days when they did the Q&A at the January Mello. I am sure it will be different now he has far more knowledge and experience of how SCS operate.

[muckshifter] 16/3/2021 11:11

Yes, I saw that Mello interview too, the new man looked a bit out of his depth to me, but hopefully he was just in the process of getting his feet under the table and wisely let the long time boss have the limelight in the meantime.

[scooper72] 16/3/2021 10:54

Just bought in. Saw the Mello interview with the execs. The outgoing and incoming. But was a bit cautious as the equity markets looked a bit uncertain in February. But happy to take an initial position now and either slowly average up or down over the mid term.

[netcurtains] 16/3/2021 10:40

Farrugia: I've been adding too.
I think that is a "better than expected".

[farrugia] 16/3/2021 10:34

i picked up more - there is a seller at 247.

[davidosh] 16/3/2021 10:30

These are excellent results and better than I expected.

We know from the last long lockdown that they can play catch up rapidly once stores open...The online sales could be a big winner for SCS as previously they were very small in the full numbers but must now be in the teens as a percentage of overall sales....presumably they do not pay the same commission on those so it should be good for margins which are showing an improve too👍

I do not think they will be doing big discounts even at sale times from here so margins will improve further. Plenty of cash on the balance sheet so distressed companies will sadly fall but SCS will be there to collect further business gains as with the demise of Harveys.

The good news for Mello is that the new CEO will be presenting at #MelloMonday next week so that should be a good time to ask any questions

A really good show lined up....hxxps://melloevents.com/mellomonday-22nd-march-2021/

[buffetteer] 16/3/2021 10:18

Remove the 50m net cash (owner cash not deposits )then the PE drops to 3 .If ,as i expect ,sales to boom after lockdown ends then shares should re-rate . They’re worth double current price .
Remember main competitor Harveys has disappeared so they’ve picked up 50% of their sales (same /similar out of town parks ).