Scs Upholstery Share Discussion Threads

[cockneyrebel] 21/12/2007 17:21

Looks like you had premature extrapulation regarding my timing Frauddy :-)

4 trades, 4 wins.

Looks like there was a chunk lobbed in the auction at the close, probably cleared out a tracker fund now imo.

Reckon you'll get your rise again over the next few days - I went long again late today - trade 5 - whic I expect to be another winner over a few trading days or less :-)

Go and have a sausage roll and a sherry - Merry Xmas :-)

CR

[cockneyrebel] 21/12/2007 13:07

there's plenty of directors bought above the share price and got it wrong Frauddy - PDG directors bough bucket loads at 80p and 50p recently, now 30p.

I'm on my 4th trade today here and well in the money again. Reckon the bounce today is on the FTSE Small Cap exit, same happened at FOUR - WAGN also go out today so expecting it to happen there too - as you know.

CR

[ydderf] 21/12/2007 11:15

crookney, 10/10 for your honesty, but only 0/10 for your judgement i'm afraid.......the chairman buying 500,000 was your hint........it ain't crocknet science my friend!

[outsider] 21/12/2007 11:12

some feedback must be postive.

[mister md] 21/12/2007 10:42

nice (if unexpected) move up this morning

[bigjohn75] 21/12/2007 10:38

Looks like you dumped at the wrong time CR, cos its up over 10% now.

[cockneyrebel] 20/12/2007 12:20

Friends of ours went into the local SCS, they reckon it was empty, you could hear your voice echo.

Also google 'SCS' and you get DFS advertising at the top of the page. Google DFS and SCS are nowhere to be seen - poor internet awareness imo.

I've traded out - reckon these are going down in style.

Hope you have plenty of morphine there Frauddy.

CR

[loganair] 17/12/2007 16:53

WoW! The only retail stock that I know is up today......

[outsider] 17/12/2007 08:52

sold out this am a small loss, (trade not showing yet maybe PLUS) I think reading economy comments and facts over the weekend, made me realise I'm slightly uncomfortable holding, but for those braver than me, I think it could make significant gains, over the next 12 months. GL to all.

[honiton] 15/12/2007 07:45

no.

try VELO instead.

[spursspurs] 14/12/2007 13:32

looks good to me, hopefully it has bottomed!!

[cockneyrebel] 14/12/2007 12:53

bottomed? Intra-day reversals 'hammer bottoms' like this are often pretty bullish.

CR

[cockneyrebel] 14/12/2007 11:54

nice intraday bounce. Another director buy?

CR

[outsider] 14/12/2007 00:50

The recent selling and buying has been very cat & mouse, some quite strong buying towards the end of the day, and pretty strong on a very bad day.

[typo56] 13/12/2007 22:25

Sell the rallies I tell ya!

[cockneyrebel] 13/12/2007 11:01

This dip looks worth catching - seeing the Chairman just loaded up with half a million @ 105p.

CR

[spursspurs] 10/12/2007 12:12

Sunday Times 9th December

MIKE BROWNE, the chairman of troubled sofa retailer SCS Upholstery, has decided the firm's shares have fallen far enough and ploughed more than half a million pounds into the stock.

Browne paid £525,000 for 500,000 shares, which works out at 105p per share. As recently as February, the shares were trading above 500p. Browne now owns 7.65m shares, representing 22.57% of the company.

"Since we last updated the market in September 2007, trading conditions have been much more challenging than anticipated," said Browne in a trading update on Monday.

"When combined with the high-profile collapse in the sub-prime debt markets and the resultant credit squeeze, we believe that consumer confidence has been severely hit with regard to 'big ticket' purchases," he added.

SCS said that it was pinning its hopes on doing better in the key trading periods, such as the January sales.

[outsider] 09/12/2007 17:53

It's just what I was saying earlier, but if you want to try and support the price surely the strategy would be to make say 5 x 20,000 purchases over a period of say 5 weeks.

Buying 500,000 in one go, is a lot more expensive & will soon get forgotten, so my reasoning is, it's simply a value/bargain/opportunist buy or whatever you want to call it, pretty sure he would have spent a lot less & stradled his purchases if he was trying to support the price.


Furthermore, not just him buying at recent levels, which also adds weight to director purchases, ie two different (at least) minds seeing value not one!

[kristini2] 07/12/2007 15:43

directors buys don't always support the price--look at nrk and erg--two of this years largest fallers!

sometimes the directors are trying to support the price which is the primary reason for buying.

[cockneyrebel] 07/12/2007 11:39

Another director buy.

CR

[outsider] 07/12/2007 05:28

I think he would know directors purchases, don't always support the price, look at MDX, TMN, both fell after director buys,(TMN still well down) however GBP 525,000 is quite a chunk of confidence, to be honest I think he has bought because of old fashioned value and suspects the share price will at some point exceed GBP 5 again.

[profiting] 06/12/2007 22:05

What I meant was that for an investment of £500k the purchase raised the price by circa 10% which meant that his overall investment had gone up by £700k so the purchase was acould be seen as a calculated move to support the price which on paper has cost nothing but wdik.All imho.