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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Scs Upholstery | LSE:SUY | London | Ordinary Share | GB0002199924 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.50 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
09/1/2008 18:06 | I was in a furniture shop this afternoon, and mentioned SCS. The sales assistant (actually I think she may have been the store manager) immediately told me that they have known SCS have been in trouble for some time. She said that several of their competitors were in trouble (but she would do, wouldn't she) I then mentioned LOL, and she replied: "we call it Land of Plastic" | dcomd99 | |
09/1/2008 10:39 | kristini2 - TPT - things are going to get tougher and the balance sheet is rubbish despite what they say in the T/S. Borrowed a shedload to buy back shares - now they could do with that cash as a safety net imo. Frauddy, you've been quiet - does your voice disappear when you have a testiclectomy on a stock like this? CR | cockneyrebel | |
09/1/2008 09:29 | i was on the short tack last year to some extent with some of the biggest fallers in the market including cart, erg, nrk, jsg, pag etct etc All were conviction sells- i see the same opp here with suy, convixction sell and i am now 'loaded up' through ig index to june let's hope there's no wipe out | kristini2 | |
09/1/2008 08:27 | CR i closed tpt after the update this week. Update looked ok, what's your view for keeping your sell open? | kristini2 | |
09/1/2008 07:54 | CSMWSSKI - SCS have provided the actual average value of each transaction so we don't have to guess - it's £1,400....... | ydderf | |
08/1/2008 20:45 | Nice one - I missed EZJ today. near a support level there but probably worth another hit if it bounces here. Apart from the stuff I have in my wife's pension I'm cash or shorting SUY, LAN, DSGI, SIG, VCT, TPT and a fair few other bits. Short nearly anything that warns imo. Trade anything to the upside that puts out a positive statement but scalp out same day imo - unless the news is mind blowing. CR | cockneyrebel | |
08/1/2008 19:53 | CR what if anything are you short selling at present? i sold easyjet and ba today, any thoughts on these? | kristini2 | |
08/1/2008 17:20 | Yes Frauddy - remember Homebuy? The chairman invested £250K in the co three weeks before it went into admin. If following directors was a perfect guide then we'd all follow every director blindly. If you're telling me the directors were shrewd to pay 200p and 105p when today they could have paid 60p then you really need to come to one of my investment classes that I run for old scrotes that have lost their lucky dipstick in the meat slicer. SCS = Sore Chaffed Sweetbreads. CR | cockneyrebel | |
08/1/2008 17:12 | Freddy, people who steer businesses into trouble are not necessarily the shrewdest investors to follow. You've been around long enough to be able to remember Eddie Marchbanks, chairman of Photobition. He topped up his holding with 90k purchased at 100p. Ten months later Photobition shares had fallen to 2p, at which point they went into administration. | typo56 | |
08/1/2008 13:49 | ydderF - £1,400, a t/o of £160m means less than 3 1/2 sale transactions per shop, per day. I do not know what the acutal figures are, but if for example ScS makes a sale for every 30 people that come in to one of their outlets, would equate to only 100 people a day, which means aorund 10 people an hour. Never really thought of it like that. | loganair | |
08/1/2008 12:19 | Freddy, get out now mate. My local Land of Leather is like an empty aircratft hanger. They have to warn again and SUY will be warning this month - you're going to get nullared mate. I'm giving you this opinion as a friend! Be very careful - at least one major furniture co has to go bust imo. CR | cockneyrebel | |
08/1/2008 11:52 | Frauddy's shorting if he has any sense - hedging his big wade he bought at double this price I reckon. CR | cockneyrebel | |
08/1/2008 11:27 | me too... opened up a £20 a point short... I think any news will be devastating (even compared to LAN) | stevedeer | |
08/1/2008 11:18 | opened a short position recently through ig-- good risk reward bet that news flow will be poor, cannot see much upside anyway-agree with cr on this one | kristini2 | |
08/1/2008 11:13 | anyone shorting here?... I have a feeling the results will be even more horrible than LAN | stevedeer | |
08/1/2008 10:15 | do we have an idea when scs will report on christmas trading? | stevedeer | |
07/1/2008 21:19 | thanks for the reply cr - understand your input - will stay on the sidelines and await the impending rns.......... | liquid assets | |
07/1/2008 21:14 | Well seing it looks like they are going to make a loss this year, and next imo, And their cashflow will go out of the windo imo, then if they just halve the divi then a chunk of that cash will get gobbled up. So while they have enough cash to keep them afloat it will just all get used up while they make losses for the next few years. It's just not enough to make them look attractive is it? Look, lets just look at it. There's Land of Leather, DFS, Furniture Village, John Lewis, Marks & Spenser plus a wealth of independents all flogging cheap furniture. Why oh why would anyone want to invest in a business facing that much competition? It's not going to get easier as this lot compete to stay afloat and cut each others throats. Just leave it imo. If in three years DFS and Land of Leather have gone bust and SCS look like starting to make a profit again then they migh tbe a buy at 5-10p or so. Till then leave it to Frauddy and his asbestos wallet. He hasn't been around lately has he? Down the burns unit having plastic surgery I expect! CR | cockneyrebel | |
07/1/2008 20:12 | cr , plse can you explain why not net or free cash ? they have no debt i don't think ? do you mean it is earmarked for something already ? they seem to like making it clear what their cash balance is like LAN ? ta in advance. | liquid assets | |
07/1/2008 20:09 | lower than 45p imo. I reckon these go to 30p on theier forthcoming warning. They have cash but it isn't net cash or free cash. CR | cockneyrebel | |
07/1/2008 20:04 | am i right in saying though that SUY has a decent sum in the bank ? - recall 10-12 million ? of course business is chronic but i have this on my radar - i dont think it is going under (not yet anyway); MBO potential maybe but at what price ? does it go 45p first ? | liquid assets | |
07/1/2008 18:05 | Frauddy, a couple of months ago LAN said sales were dowqn 9%, similar to SUY. A few days ago LAN said sales down 25% - now what do you reckon that means for SUY? So many penny share retailers about now - I think several are goin gbust and reckon SUY is on the list. Buggar me boy you don't half pick em. You must be 50% down here now - and 366th out of 367 in the UK Stockchallenge - Masterful, as you would have said once! :-) CR | cockneyrebel | |
07/1/2008 12:27 | shiny - do you remember 2000? I do. The market topped in March but companies kept saying things were great. The markets rose back up towards the high, then fell again - then the warnings started. Charts look the same today imo. And the very low PE's and high yields suggest we are going to hit th buffers, tho the news from co's doesn't sound bad - yet. CR | cockneyrebel |
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