Scs Share Discussion Threads

[cwa1] 04/11/2022 07:38

Hopefully a mildly positive read across from DFS's update this morning:-



In our FY22 full year results announcement on 15 September 2022, we noted that the upholstery market had softened markedly since April 2022, and had been in significant decline during July and August.

Since early September we have observed a more positive trend, with Group order volumes growing relative to FY22 and also relative to the pre pandemic FY19 financial year. We have also seen continued evidence of positive market share gains from the latest Barclays / CACI market data. Our overall performance is in line with our mid case scenario (c.£36m PBT) for the full year. We would expect profits to be weighted towards the second half given the order intake profile we have seen year to date, our made to order business model and revenue being recognised on the delivery of orders to customers.

Whilst the macroeconomic outlook is uncertain and inflationary pressures remain high, we remain focussed on executing our strategy to lead furniture retailing in the digital age. Our business has proven to be resilient, and given our inherent strengths, we are well positioned to maintain our trend of market share gains across the economic cycle.

[chinahere] 25/10/2022 21:36

Is Made's fate already 'made'?

[davidosh] 20/10/2022 15:30

SCS will be featured in one of the sessions on the show on Monday...

Just to let shareholders and prospective investors know that Galliford Try, Warpaint, Delta Application Services and Quixant will be presenting on the MelloMonday webinar at 5pm on Monday 24th October 2022.

The programme for the evening is as follows:

5.00 pm Welcome and Mello Bliss update from David Stredder
5.10 pm Company presentation by Galliford Try
5.50 pm Alan Charlton & David Stredder discuss ‘Irrational Markets Create Bargains!’
6.10 pm Company presentation by Warpaint
6.50 pm Company presentation by Delta Application Services
7.05 pm Company presentation by Quixant
7.45 pm Karin Schulte presents Investor updates
8.00 pm Mello BASH

There will be over 500 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions.

Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.

[jimic23] 19/10/2022 10:35

Praise be!

[chinahere] 18/10/2022 17:38

They've restarted the buybacks too. So hopefully Made.com isn't being thought about!!

[thorpematt] 18/10/2022 17:33

Davidosh,
Quite right. Very well placed for recession this time around. Should be in a very strong position on the other side.

Every time I read any update from the company I see that is has developed in some positive way. It invests in itself and its personel so that it is an improved business.

One of the differences between well-run and well-financed (and the 2 often go hand in hand)companies and those that are neither, is that that the latter tend to get worse operationally and offer weaker customer service and the like as time goes on. In the end the things start to spiral downward. SCS meanwhile has gone in the right direction, even if its share price has not. Absolute bargain for any long term holder.

[davidosh] 18/10/2022 13:01

SCS are the financially strongest of all the companies in the sector so if it gets tough they will be a survivor whilst sadly others disappear hence SCS make huge market share gains and preserve overall profits and are then very well placed as demand comes back.

[laughton] 18/10/2022 09:29

SCS balance sheet v. strong. I think they'll be one of the survivors.

[aishah] 18/10/2022 07:10

Agreed. With the energy cap support withdrawn from April and mortgage rates continuing to rise I cannot see how big ticket items are going to be on people's agenda.

Bensons for Beds have bought Eve Sleep from the administrators.

[my retirement fund] 18/10/2022 05:51

Eve sleep in administration and tax rises and interest rates yet to bite and worst of the energy rises still not filtered into bottom line either. Things can only get worse before they get better.

[laughton] 17/10/2022 18:09

I really can't see it but in the very very unliklely event that they even mention made.com then I'll be running for the hills.

My impression though is that the BOD have a lot more sense than that.

[chinahere] 17/10/2022 17:57

The recent holdings RNSes for Stadium Capital Management LLC are interesting.

Are they buying and selling to keep the price in a certain range I wonder?

[chinahere] 17/10/2022 17:50

The preliminary results don't read to me like they are planning on spending the money on Made.com. It reads as a conservative steady as it goes plan, but who knows.

Like you I do hope they don't do that - it's a step too far into a non-profit company with big requirements for cash just to keep going. They would eat all our cash and then what?!

[jimic23] 17/10/2022 17:02

I can think of two reasons, one good, one bad:1. They've received a bid;2. They're bidding for made.comObvs 1 is better than 2

[brucie5] 14/10/2022 09:55

Thanks Tole, that's my thinking too.

[davidosh] 14/10/2022 09:51

Why did the buybacks stop when the results came out?

[davidosh] 13/10/2022 12:04

Looks like steady moves up each day which is also going against the market for the past week so I think investors are starting to see the relatively low risk and high yield on offer here

[tole] 13/10/2022 07:30

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.

[tole] 11/10/2022 20:23

Three large late trades reported 800k 600k and 125kFingers crossed that's removed some of the deadweight that's been pushing this one down.

[farrugia] 11/10/2022 09:10

just looking for big bargains out there that have good chances of surviving this big depression - because that's what I call it. The nice thing about these markets is that there are so many bargains out there that you don't need to buy in heavy into any company. Lately, I've been adding to oil/energy companies. I've never seen the markets so distressed, not even 2008, perhaps March 2020 but then market conditions were different (it was like like the end of the world was coming before the stimulus was announced!)

[castleford tiger] 11/10/2022 08:45

I am in there too David.

Look at MFX

Market cap 11.5 m
net worth 27m
made 2.4 in first half.

Just got 50% of a company thats making 2.5m a year wee take full control in 2 years and its forecast to grow to 5/8 million a year.

6/10 bagger very much on the cards.
Current p/e is just over 2

tiger

[davidosh] 11/10/2022 08:28

Farrugia....Are you looking for dividends or just lowly rated value stocks?

Smiths News SNWS is a high yielding 14% divi favourite of mine as I need income

SCS only on an 11% yield but that huge cash level will start earning significant interest as well so along with buybacks that return to shareholders is improving all the time

[castleford tiger] 11/10/2022 08:24

farrugia

MFX

[brucie5] 11/10/2022 08:07

70m cash, vs 43m mcap.

[thorpematt] 11/10/2022 08:05

Well, I have this as ahead on all forecasts, allbeit not by a lot. In this market that doesn't always help of course.