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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 |
---|---|---|---|
14/6/2008 14:53 | CSM - Sounds a little like Air Europe a few years ago. They were expanding at around 25% per year. Each years expansion paid for the previous year, which is all right as long as you are able to keep expanding. But as soon as the aviation market took a down turn and Air Eurpoe were no longer able to expand they went bust with in 6 months, because each year they were never really making any money. | loganair | |
13/6/2008 22:22 | competition is becoming even more fierce in the sofa sector as scs shares touched 10p earlier before closing at 11p, land of leather not wanting to be out done made a late surging loss to close at 10.75p after losing its lead earlier in the race to be first to get its shares into single figures, the race is almost at its conclusion with experts calling it too close to call on which will call the administrators in first. | csmwssk1 | |
13/6/2008 16:21 | b8 - let us know if you get the bullet. ;-)) | isis | |
13/6/2008 16:07 | I just bought a few (hope the bank is supportive) | robizm | |
13/6/2008 16:02 | Hope u are right bullet8, but I dont think the real bad times have started yet (hope we avoid them, but i would not bet on it) | robizm | |
13/6/2008 15:23 | these will pull through,i should know, still work for them. | bullet8 | |
13/6/2008 09:19 | What company calls in the administrators with £4m cash in the bank? Not saying there aint problems but not administrators now, they have more time than that to sort themselves out. | roomove | |
13/6/2008 09:10 | There goes the bounce! | boffster | |
13/6/2008 08:56 | here comes the bounce | roomove | |
12/6/2008 22:13 | stick to small oil and gas co or mining. cbm, ldp , wtn, afr, gas. | papaduke | |
12/6/2008 21:52 | I would stay well clear. The important thins is the payment of rent and service charges on 24 June and the wages on the 30 June (i presume). if the projections mean that there is a significant risk of deafult and the financiers are unabel to extend credit then the company will have to cease trading. i suggest a look at HMY, GHH or CRM. Oh well...looks like a long time until recovery (2 years) | honiton | |
12/6/2008 21:48 | it seems to me any company with debt is suddenly out of fashion,and should cease trading at once,jessops is in a world of pain compared to scs, lol. woolies etc a pile of debt,scs 17 million 1% of barrett. dont write these of yet! | bullet8 | |
12/6/2008 20:36 | Unfortunately this is so much a furniture problem as a Housing debt bubble problem which is not going away anytime soon. People have been spending the value of their hovels in the shops for the last ten years - this is no more. SUY and LoL won't be the only caualties. | isis | |
12/6/2008 20:25 | Also interesting how i 'ramp' when I have clearly stated things are not good and I will sell on the bounch. Its a high risk share but Im yet to find many low risk shares with high rewards. | roomove | |
12/6/2008 20:01 | Fair enough robizm I don't have a crystal ball , just my opinion . To be honest when big firms like this go its not a good thing for big ticket items in general , as customers lose confidence in an already fragile market . | warrenc | |
12/6/2008 19:55 | I agree with some of what you say warrenc as we have been here before with courts and uno, but this company has much less debt than those. we are heading for a downturn and big ticket items are hit hard. it all depends on how long it lasts and how deep it is and we can guess and speculate but we dont know the answer yet. | robizm | |
12/6/2008 17:53 | Incanto Divania supply to scs via there subsidury called "sofitalia" . Thats the company that David Knight declined to tell people in the press release . They were the ones that started this domino effect . Trust me and sell while you can . Dire is an understatement !!!! How can they continue ordering furniture from abroad on an 8-12 week lead time paying upfront then waiting for the customer to pay them . The simple economics of it don't work. | warrenc | |
12/6/2008 17:45 | I disagree, no one can predict the future,as it stands the company has cash an unused overdraft and suppliers paid,its tough times but not that dire. | bullet8 | |
12/6/2008 17:32 | Spent the last twenty years in furniture retail . Watch this space . This is dead in the water along with lol !!! | warrenc | |
12/6/2008 17:22 | This Article says they also have net debt of 17 million ???? | warrenc |
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