Scs Share Discussion Threads

[simso] 04/7/2016 09:47

That's helpful to hear about CPR having a strong June. Clearly the Share Price has taken a hit based on fears of a slow-down, having an effect on big ticket discretionary items. Interesting to see that the industry leader on Sofa's, DFS, have seen their share price hit even harder, from £3.00 down to just over £2.00. ScS have the advantage of very strong momentum, strong Balance Sheet, and a Divi Yield looking ever closer to 10%!

[shanklin] 02/7/2016 09:18

In their FY results on 28-Jun, CPR stated:

"In the UK, while May was a difficult month with like-for-like sales down 7.6%, June has been significantly better, being up 6.3%."

From the SCS update, we know they had an exceptionally strong May. Nothing from CPR suggests June would have been a problem.

Obviously, the SCS share price has taken a post-Brexit hit but is that justified?

[rubberbullets] 28/6/2016 07:14

Carpetright - sounds like a profit warning - Trading conditions in the early weeks of the new financial year have been more challenging

[thorpematt] 25/6/2016 10:08

The hardest hit sector yesterday was household goods (12%). The theory goes that uncertainty equals a reigning in of discretionary spending from consumers.

[salpara111] 24/6/2016 16:33

Well, that was disappointing!
I have been in for quite some time at 180.
The yield is pretty chunky and it has no debt so I guess I am staying in for now.

[mattafc] 09/6/2016 20:47

Above £2 and held at close, a nice level to fight for tomorrow

[dlku] 09/6/2016 09:58

Parlour Products
Holdings (Lux) S.à r.l. 37,020,160
Pursuant to the terms of the Sponsor and Underwriting Agreement, the Company has agreed to be subject to a 90 day lock-up period following Admission, during which time it may not issue or dispose of any new Ordinary Shares without the consent of Investec.
The Selling Shareholder has entered into lock-up arrangements for a six month period during which time it may not dispose of any interest in Ordinary Shares held by it without the consent of Investec. The Selling Shareholder has also agreed that for a further nine month period following the initial 6 month lock-up period, it will only transfer Ordinary Shares through Investec.


ready for dump dump dump

[dlku] 09/6/2016 09:52

good time for sun to dump. looks like obviously made up numbers to me to enable them to drop their shares

[salpara111] 09/6/2016 09:14

Given their sales patterns I was expecting an update to cover the two May bank holidays......assuming they had good news!
The LFL sales increases are pretty stunning in my view given how lethargic the high street appears to be at present.

[shanklin] 09/6/2016 09:01

Bought some last week and have added today. Looks extremely cheap and, following on from my question in post 97, we got one of their irregularly timed TSs today... ...jolly good it is too. All IMHO.

Cheers, Martin

[salpara111] 09/6/2016 08:54

I find their target remarkably unambitious considering the double digit LFL sales increases and fat yield.

[salpara111] 09/6/2016 08:10

They keep issuing very strong trading updates but the share price has yet to respond.
Hopefully this will be the one that finally does it.
I have been in for about 5 months and was at b/e until the rise this morning.
I am looking for at least a return to the 220/225 area for a start but I wont sell until I see about 250.

[j5ack5k] 09/6/2016 07:40

Here you go:

"Two positive trading updates have already been issued this financial year; first in January when we reported total like-for-like sales order intake up 8.8% for the 25 weeks ended 16 January 2016 and secondly at our interim results in April when we reported total like-for-like sales order intake up 12.0% for the first 37 weeks of the year.

We are now pleased to report the momentum has continued, with total like-for-like sales order intake increasing to 14.6% for the 45 weeks ended 4 June 2016.

As a result the Group expects to report profits ahead of current market expectations which have already been significantly upgraded during the current year."

[shanklin] 03/6/2016 08:41

When is the next trading update expected please? Its difficult to guestimate this based on last year.

Thank you.

[thorpematt] 01/6/2016 22:26

simso,
Thanks for that. Must be paying some nice bonuses! Not entirely convinced but we'll wait and see I suppose.

Spread and liquidity is not ideal here I have to say. Very few trades each day.

[simso] 01/6/2016 19:49

Yes it's also notable that ScS is consistently the highest stockopedia ranked share out of a population of over 6000 shares. Stockopedia ranks have proven to be hugely indicative since their introduction in 2013... And if I understand their back testing correctly, it shows that shares ranked 90-100 have achieved average return over 3 years of 80%, while those ranked 0-10 were down -40%. The ranks 80-90 outperformed 70-80 etc etc all the way down. ScS rank is 99.

And thorpematt, they did defend the costs by saying that the final part of the half had been exceptionally strong for orders. Bonus is paid on orders, although the sales line only benefits around 7 weeks after the order taken and the goods are ready to dispatch. So, the first half took some costs where the sales benefit is is to come in second half. Not entirely convinced, but It will be good if that is the case!

[davidosh] 01/6/2016 18:01

Do not worry...the best returns can come from the companies with the quietest boards.

[davidosh] 01/6/2016 17:52

SCS mentioned on the radio

[thorpematt] 22/5/2016 17:16

simso,
Did you get a satisfactory answer to your question regarding your previous post?

[thomasthetank1] 28/4/2016 14:06

Read Stockdale Securities's note on SCS GROUP, out this morning, by visiting hxxps://www.research-tree.com/company/GB00BRF0TJ56
"ScS floated on the Full List in January 2015 at 175p capitalising the group at £70m. ScS (Sofa, carpet specialist) sells a range of fabric and leather sofas and flooring through its 97 stores. It is number 2 in the UK sofa market with an 8.5% share (DFS c.24%) and has a 2% share of floorcoverings market (Carpetright >25%). Its negative working capital model generates strong cash flow. Management expects FY2016 results to be “modestly ahead” following its January update. The current rating to FY2016E is a PER of 10.5x and a dividend yield of 7.2%, based on a full year pay-out of 14p...."