Scs Upholstery Share Discussion Threads

[kunalkoth] 10/1/2008 20:50

Yes I know - I found that out by doing a simple model and my earlier post was implying that this is what the market is thinking as well (in a roundabout way)

Plenty of cash might become no cash next year.

[csmwssk1] 10/1/2008 20:40

* Profit before tax #4.7m (2006: #10.3m)
* Net cash #16.1m (2006: #25.0m)

[csmwssk1] 10/1/2008 20:39

its not generating cash its loosing it, read the last report

[csmwssk1] 10/1/2008 20:32

spend the cash on a new laptop, at least it will be worth more in 6 months than these

[kunalkoth] 10/1/2008 20:32

I give up. Might buy below 40p as I'll be getting £1.10 for £1...

Dont really care how the business operates as long as its generating positive cash flow. It's a dog in a dog industry but it may become good value come liquidation as there's no creditors.

[kunalkoth] 10/1/2008 20:27

Stupid Firefox.

I'm only considering buying them as you're getting free cash at

[kunalkoth] 10/1/2008 20:25

I can't seem to add more than one line.

[tanners] 10/1/2008 20:24

A well made point kunalkoth......

[tanners] 10/1/2008 20:20

The timing of the trading statement intrigues me as this is clearly the opening of the double doors so that we can all have a good look inside.

For the last three years SCS have issued updates around the first week of Feb (9th, 6th and 7th resp.), whilst LAN likewise previously updated in Feb (01.02.06 and 02.02.05), but obviously decided the adverse trading this year required a much earlier market update.

So will SCS ride it out to Feb as in previous years.....clearly by now they must have the figures in for the all important sale period; do they feel that they don't warrant an early update or are they praying that the rush may come late?

Personally I think that given the hammering the share price has taken due to the uncertainty they will feel forced to issue the update sooner rather later.

Even Freddy the big hitter doesn't appear to know ;-)

[kunalkoth] 10/1/2008 20:20

I'm only considering buying them as you're getting free cash at

[csmwssk1] 10/1/2008 20:00

Kun, scary that you are thinking of buying these without a clue about how their business works, finance orders are paid within 7 days plus or minus commission/fees after delivery, ie deliver on 10th, by 17th the money is in the bank, for 0% orders this is usually 2-3% pa above base rate as a fee, around 8% pa depending on the deal they got, they may well be paying more now.

[cockneyrebel] 10/1/2008 18:54

What's your average Frauddy? In the interest of BB transparency :-)

I own up to 15K today @ 41.75p.

Like you I don't know whether the fall is down to co performance or whether it's down to the sheer market climate at the moment where everyone is shorting anything - it's a turkey shoot at the moment. No statement from a co and it keeps falling, a statement from the company and it rallies for a few weeks then falls.

I'd look at VCT and NTG - great statements, very cheap, rallied and now given it back.

I'd guess the fall here is a combination of the fear, shorts and general market sentiment.

Anyway, mine's a punt. I can't see how these can't be worth 10p + even if current trading is a lot worse than LAN.

If Michael Browne already owns 22% of the co that was a pretty decent punt to buy 500K @ 105p that £550K buy is 15% of the market value now. Have you spoken to him?

CR

[typo56] 10/1/2008 18:45

Freddy, normally in these circumstances I'd expect your name to pop up as having a disclosable interest. Why the lack of commitment?

[barn owl] 10/1/2008 18:41

Investing in SUY at today's price, will be like having a long-term relationship with a cheap tart.The trouble is, you never know what she's been up to until it's too late.
The final out-cum will be fasinating!
Best of luck to all punters that choose to have either, a quicky, or a long-term casual. Other peeps may not want to touch it with a barge pole!

[ydderf] 10/1/2008 17:59

I feel a bit like a general the night before Waterloo (the next statement from the company) - only question is whether I will wake up Napoleon or Wellington. I haven't sold a share since I started buying them and I will admit I am astounded (as I am sure the directors are) at how fast and deep the selling has taken it. No matter, the play for me is whether it survives and if so what the price will be in the next trading cycle 2-3 years from now. I resisted the temptation to phone the company again, because only time will take care of the outcome, the odds seem good now though, lose 1x45p or gain 2-4 times if it looks as though it is going to survive the year, and 4-10 times if it prospers again....it will be fascinating to see it play out...

[stevedeer] 10/1/2008 17:57

no, not inside at all... just a good judge of character

[cockneyrebel] 10/1/2008 17:52

Stevedeer - your decission. Are you saying you're an insider trader? Pretty dangerous.

CR

[cockneyrebel] 10/1/2008 17:51

Well was it a load of old Sh1te when these were 80p a few days ago holmess?

I see Gravey's here but he's against anyone trading and making money - you have to be having marital relations with your shares according to him.

It's chuffin share, hedge funds go long, short, long term and short term. Why should I be any different?

A stock changes price. At £1 it isn;t the same as it is at 50p, it's a fluid situation.

When you and gravey can understand the difference between 'targets and 'support' then you might understand. If a fund wants to average in and not try to buy 'right at the bottom' they will buy well before a stock hits 'support' so that they can average down as it gets there, if they had to.

Same thing as an investor - just I know a bit better than Frauddy about catching knives, I might have tried catching one but at 40p it's a lot blunter than at 120p. If I have to add lower then I will.

I'm sure Gravey thinks I'm going to pluck an exact price out of the air and buy bang on that price and be right - sorry, it ain't going to happen.

Support is 10p. My target is anything between 25p and 300p anything between the next month and the next two years - you need to understand the difference.

CR

[holmess] 10/1/2008 17:22

8Trader - What's the problem? He's obviously posting a load of old sh1te, if you're not smart enough to see that, then you deserve whatever you get.