Scs Upholstery Share Discussion Threads

[outsider] 06/12/2007 17:59

I like the conservative way SCS deal with the balance sheet & with maybe extra stocks to filter through still, despite the lower like for like sales, results for the next 12 months as opposed to 10 months may not be as bad as some fear.


I quote from 10 month results:

The result has been stated after absorbing the costs of opening nine new stores
during the financial period. The additional costs associated with staff
recruitment, induction and training, together with pre-opening and launch costs
for the new stores, means that there is an initial negative impact on
profitability. Also, given our policy of recognising revenue when the goods have
been delivered, and with normal lead times from suppliers of six to 12 weeks,
new stores have a significant period when costs are incurred but revenue is not
earned.

[typo56] 06/12/2007 16:20

Freddy, as you like dogs, have you taken a look at AXN?

[outsider] 06/12/2007 16:10

The market is not bouyant for sure, but then neither is the shareprice, I'm not sure what you mean shoring up 7m shares, looks to me as if Legal & general are stake building after declaring the threshold level.

[profiting] 06/12/2007 15:55

Not too sure of how cheap this is given current state of retail market and although director buy helpful could also be seen as a way of shoring up other circa 7m shares.Will await further information all imho.

[outsider] 06/12/2007 14:33

Freddy I think the last time I looked at a highlighted stock from you, it was the again illiquid Avingtrans.....have to say it multibagged, not sure what price you bought ScS at, but I think they are cracking value a this level & bought my stake at 93-7p.

[typo56] 06/12/2007 14:28

Freddy. Liquidity: I thought that's why you advised muppets to avoid these penny parcel stocks. EMS is just 125 shares. Market makers aren't interested in controlling prices - that's left to the direct access CFD spivs, as is the case with many of these SETSmm stocks.

Surely you can find easier ways to make money in this market?

[outsider] 06/12/2007 14:19

new thread here:

[typo56] 06/12/2007 14:11

Freddy. Liquidity: I thought that's why you advised muppets to avoid these penny parcel stocks. EMS is just 125 shares. Market makers aren't interested in controlling prices - that's left to the direct access CFD spivs, as is the case with many of these SETSmm stocks.

Surely you can find easier ways to make money in this market?

[outsider] 06/12/2007 11:06

Lot's of AT trades both buying and selling I presume one or more institution selling & one or more buying.

[outsider] 06/12/2007 10:59

needs a new thread with graphs& upto date figures!

[outsider] 06/12/2007 10:57

WARNING Please note I have not verified the information contained in this thread so PLEASE DO YOUR OWN RESEARCH



- Director buy 3rd Dec 2007~ 500,000 shares @ 105p




Extract from latst results for 10 months to 28th July 2007:


The result has been stated after absorbing the costs of opening nine new stores during the financial period. The additional costs associated with staff recruitment, induction and training, together with pre-opening and launch costs for the new stores, means that there is an initial negative impact on profitability. Also, given our policy of recognising revenue when the goods have been delivered, and with normal lead times from suppliers of six to 12 weeks, new stores have a significant period when costs are incurred but revenue is not earned.

[ydderf] 06/12/2007 03:53

timing yes, but its also about size and liquidity try to buy this stock in normal times and you can only get a tenner or more per day, waiting for the turn is ok if you buy small.......

[cockneyrebel] 05/12/2007 18:13

I think you're probably right Frauddy - it's just your timing that's carp :-).

Things do tend to get overdone - sometimes a div is a liability when it goes that far because punters look at a large yield and think it can't possibly be maintained, they then worry about buying and the divi being cut and what effect that will have.

But I reckon even if they halve it now that's a cracking yield and the cash is worth buying the share for at this price.

Will hold what I've bought now rather than trading as I've done up to now.

Remember it's abiout timing tho! :-)

CR

[ydderf] 05/12/2007 17:43

looking back on this will possibly seem like a casebook in investor hysteria. There was never any rational reason for the share price to more than halve in a month. the only reason i could see was the institution selling on an unwilling market (so i bought down to 90p) and then sekf-feeding panic caused by the falling shareprice - the directors buy announced today sums up the reality here - the enterprise value of a business making 5-10 million reached 18m before it turned, and the yield, well work it out for yourselves!

[liquid assets] 05/12/2007 15:49

12 mill cash on books too - gotta be worth a shout - agreed

[cockneyrebel] 05/12/2007 13:12

you adding Frauddy?

Big volume on the buy side now, 52K - not seen that in months.

CR

[cockneyrebel] 05/12/2007 12:58

In for a wadge - I reckon that Chairman buy may mean they maintain the divi Frauddy.

Reckon there's 20p in these as a trade over the next week or so on the bounce.



CR

[cockneyrebel] 05/12/2007 10:59

500K buy by the Chairman @ 105p looks interesting Frauddy.

CR

[profiting] 04/12/2007 22:14

Not just that but surely lead up to Christmas should be a busy time of year.The trend of the share and the recent negative update does not bode well.IMHO

[warrenc] 04/12/2007 18:30

Were is the bottom , this is a tough one to call . Unless trade improves the futures looks bleak . Opening new stores is crazy . They work on an average margin of 48% . 16 % sales slide = Millions in lost GP .With so many fixed operating costs the cash pile will soon shrink . I get the feeling there is more to this story .

[cockneyrebel] 03/12/2007 15:47

how many have you managed to dump so far today Frauddy?

CR

[dcomd99] 03/12/2007 09:04

why are they expanding by opening new shops? Total madness. They need to concentrate on survival!

[rmillaree] 03/12/2007 08:53

Well with the release of these figures it is easy to see why these shares have been on a non stop slide down to their current levels.

LFL sales order intake down 16%
Total sales order intake down 9%.

I would guess on these figures the company is struggling to breakeven.

I would think the only sensible thing to do is suspend any future dividend payments till they can afford them out of future profits. The last thing this company wants is to find that they have cashflow issues as well as profitability problems.

[free willy 2] 03/12/2007 08:19

Bad timing ydderf! Profit warning at 7.03 this morning. Sales 16% down so far in current year. Market tough as can be.

[cockneyrebel] 03/12/2007 08:18

Dream on Frauddy - the co is badly run, the products are carp - you had the nerve to warn me about illiquid small caps!

You're locked into this for an age now imo, while it slowly withers.

CR