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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Studio Retail Group Plc | STU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 115.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 115.00 |
| Top Posts |
|---|
Posted at 10/3/2022 23:28 by triskelion I'm just pasting without checking something I saw elsewhere: at least for those having suffered significant losses, is there any mileage in contacting:Market Integrity Unit in the Market Oversight Directorate (MO) of the FCA MIUMailbox@fca.org.u - since the sudden announcement of working capital shortfall (31 January) followed so soon after the Half Year Report (25 November). Was there a false market? Also, if I'd just dropped £60 grand I might also throw some more good money after bad in getting specialist legal advice stating whether there's any (at least theoretical) legal recourse. I've seen comment elsewhere basically saying the insolvency rules are paramount but if it were my money I wouldn't assume that without a formal advice. Anyway the value I see in getting advice is mainly that a negative opinion will at least help give psychological closure. |
Posted at 25/2/2022 08:29 by masurenguy Ref post #589. Shareholders have been wiped out as stated in my Feb 14 post #486 above.Shareholders have my sympathy - fortunately I exited STU at circa 260p in 2018. |
Posted at 18/1/2022 12:57 by skindle It is interesting to note that our own chief executive has not purchased a single share in STU since the 22nd April 2021, and even then he only bought 6,546 shares at 304 pence. If the man believes in this business, what better time to buy than now as the price is as low as I can remember it. Unless of course he thinks it is going to fall further. This board need to put their hands in their pockets. |
Posted at 23/12/2021 09:38 by skindle Andy Broughs decision to sell shares in STU at this level is a curious one given that over two years ago he voted to reject a bid from Frasers of 161 pence per share. In that year the company achieved adjusted profit before tax of £23.3m. The forecast profit before tax this financial year is reported to be £35m as a worst case scenario. |
Posted at 22/12/2021 19:04 by skindle Yes a rather contradictory message coming out of Schroders. On the one hand Andy Brough the fund manager speaks in very bullish terms about the prospects of the company and then promptly sells 229,783 shares in STU. If a major fund with a substantial holding in the company can’t make up their minds, what is the retail investor supposed to make of it. A positive trading update from the board is sorely needed. |
Posted at 22/12/2021 07:58 by zho Ah, okay, thanks.Studio Retail Group (STU): Revenue aspiration with a wow factor Studio Retail Group (SRG) is a focused play on the growth of online value non-food retail. Management's aspiration to accelerate medium-term revenue growth, to a CAGR of 10-15% over four to six years, is expected from gains in active credit customer numbers and spend per customer. SRG's valuation is at a significant discount to its own historical multiples (despite an improved medium-term growth aspiration), its peers and our DCF-based valuation of c 420p per share if it can achieve its aspirations. SRG's FY22e EV/sales multiple of 0.3x and P/E multiple of 5.0x are well below its long-term averages despite it now offering a more focused portfolio with an improved medium-term growth outlook. It also trades at a significant discount to online and offline peers despite attractive relative margins. A DCF-based valuation, which includes the assumption that management meets its £1bn revenue target by FY27 (year six), indicates a share price of 420p/share. The Frasers Group shareholding of c 27% represents an overhang to share price performance. |
Posted at 21/12/2021 23:04 by skindle 21st Dec 2021 7:01 am EQS Studio Retail Group (STU): Revenue aspiration with a wow factor25th Nov 2021 7:00 am RNS Half-year Report 8th Nov 2021 7:00 am RNS Directorate Change 3rd Nov 2021 4:21 pm RNS No idea zho ! |
Posted at 09/12/2021 09:20 by tomps2 Andy Brough interview with PIWORLDAndy Brough mentions Studio Retail #STU in the latest PIWORLD interview at 17m50s then again at 19m47s Watch the video here: Or listen to the Podcast here: |
Posted at 26/11/2021 13:28 by planit2 So STU have got hold of enough stock but it has cost them much more than normal.Forward profit figures are terrible and if that carries on into the future then pe ratio of 5 gives a market cap of 125m, a further 16% drop from here. Against that no one knows the current situation, how much stock have other retailers got, did they cut back because costs were high or are sales going to be lower than last year? If retailers start to run out of clothes then suddenly the pricing power comes back and profits will be much higher than forecast. I still like the App figures, but if the app is so good then why is advertising such a problem. Online retail seems a bit cutthroat at the moment. I have wavered this morning on whether to buy some (I luckily had sold down to 97 shares before yesterday) but there are other better deals out there. I feel I will have another opportunity with STU. |
Posted at 07/7/2021 08:38 by planit2 Agreed this looks very cheap on the figures and there is no debt. Legacy pension fund they want to offload liability to simplify things which would be nice.The dividends they have no plans to reinstate "Studio Retail Group plc does not have plans to reinstate dividend payments at this stage" But the reasoning is not too clear as they do want to increase ability to pay dividends to the parent company "Our ambition over the next few years is to invest in our digital capabilities in order to increase the level of potentially distributable reserves within the primary operating subsidiary, Studio Retail Limited, to enable it to remit dividends to Studio Retail Group plc." In this year they want to buy back the 166.9m "non-voting deferred shares" which at 10p would be £17m worth of outflow. As long as it is growing fast the lack of dividends should not be a problem but I guess some investors were expecting a positive comment with regards to future dividends. The other problem is the stock overhang which I would like peoples comments on. Current situation is Mike Ashley has reduced his influence so a bid is much more unlikely. He doesn't seem to have reduced his stake further over the last 3 weeks and no one knows whether he will be selling down or how. |
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