Scs Share Discussion Threads

[guernseymoney] 22/11/2016 12:00

Spread here is pretty rotten, Barc. Stock = bid/ask =162p/170p

Agree a bit too early to call re trading, but balance sheet is solid.

[salpara111] 09/11/2016 08:13

Well the yield is now back to roughly 10%

[simso] 08/11/2016 11:39

I would be truly amazed if there was either a profit warning or an upgrade imminent. They updated the Market a few weeks ago and confirmed that LFL orders were +4% v LY. They key trading times of the year (Boxing Day Sale, Easter, Bank Holidays) are all still in front of us, so a change to Full year expectation is far too early to call at this stage.
I think the most likely reasons for the 20p fall in the share price are the "ex div" status change, and also their largest competitor DFS seeing their largest Shareholder and former 100% owner Advent placing their remaining shares at c20p below market price at the time. DFS is similar to ScS in that ScS have Sun Capital as a former 100% owner with a large remaining stake

[abarclay] 07/11/2016 06:57

profit warning coming?

[simso] 04/11/2016 14:10

I agree with Salapara. I have a lot of money in this, and see the price fall as an opportunity. At least the Spread is not at its usual nasty place, so I bought more yesterday, more this morning, and will keep going.
You have to remind yourself over and over that the divi of 9% is hardly "vulnerable" based on the current numbers, given that the 52 week cash generation last year was £12m even after paying c£6m divi...so its covered 3 times by cash profits ...and then there is c£22m cash on the Balance Sheet.

[salpara111] 04/11/2016 11:58

If you strip out cash here then the forward p/e is about 5 and the yield is heading towards 9% so either there is going to be a monumental crash or the stock is at least 50% undervalued.

[imranawan] 04/11/2016 11:49

Bad day in the market. I think the PE company in DFS offloaded a few shares this am, possible read across to SCS.

[salpara111] 04/11/2016 11:34

Didn't want to take more but this is ridiculous so have added.

[wjccghcc] 04/11/2016 08:28

I can see the charts?

[davidosh] 03/11/2016 16:34

Is there a way of adding the charts to this thread ?

[salpara111] 03/11/2016 12:06

Rather depressing that after holding for 9 months I am well under water despite a string of very positive trading updates and a divi yield of 8%.
Given that the business has room to expand I am not selling out.
I notice that DFS is well up today.

[rhomboid] 03/11/2016 11:00

Ex divi for 9.83p plus a bit of overshoot by the look of it

[meijiman] 03/11/2016 10:46

What's going on here this morning. No news I can see.

[rhomboid] 12/10/2016 13:47

There was a very helpful presentation at the recent results that covers issues such as currency impacts;
hxxp://www.scsplc.co.uk/~/media/Files/S/ScS/pdf/scs-group-plc-preliminary-results-presentation.pdf?pdfdata=1

Personally I view this as an extremely long term hold as it's trading well cash rich and pays an excellent dividend, but you may want something different

[imranawan] 12/10/2016 13:27

Don't hold, but I think the market has concerns about the retail sector, and has marked down most stocks. I appreciate co's operate in different segments of the retail space, and are of varying quality but look at NXT, MKS, SPD, which have all been sold off.

TPT reported decent numbers overall last week, but alluded to weakness in the post-brexit period, and the share price has fallen to circa 90p. At the current time sentiment is very much against the sector. The fall in the value of sterling and NLW are also headwinds, so I can't see share prices recovering in the short-medium term.

[salpara111] 12/10/2016 12:53

Not sure what to do here, two great sets of results this year and an increased 8% divi but the share price is actually 5p below my buy in level.
I guess the only consolation is that it cant really drop much further given the yield.

[meijiman] 04/10/2016 10:01

These brokers work very fast -I'm impressed.

[maffs1] 04/10/2016 09:39

A very nice set of results, but the market obviously doesn't think they are sustainable giving SCS a yield of 7.5%. I have both DFS and SCS and will be holding both as I think recession fears will recede and cyclical shares like these could rise further. However, SCS has a very low operating margin (just over 3%) which is always worrying compared to DFS which has an OM of 7-9% over the last few years. In other words, its right that DFS is at a premium to SCS on other metrics.

[salpara111] 04/10/2016 08:18

About as good as could be expected.
As they say they will have a problem with their LFL figures going forward given just how strong they have been over the last 12 months....a nice problem to have.
I have been holding this for almost a year and feel that it should re rate to at least 250p if you look at the metrics against DFS.

[value king] 20/8/2016 09:41

I bought these a week ago so very happy with the performance so far. The prelims are on October the 4th.

[rubberbullets] 19/8/2016 17:29

Sun cap will dump shortly

[simso] 19/8/2016 16:28

that spread has come right down in recent days, with healthier volumes of trades supporting some good price momentum