SCS Group PLC

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Denjoe
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SCS Group PLC

Berichtdoor Denjoe » 04 Nov 2017 17:13

ScS stands for ‘Sofa Carpet Specialist’ and we’re one of the UK’s leading furniture and flooring retailers. We strive to offer great value and choice through a wide range of sofa and flooring products carefully selected by our expert team. ScS currently operates from 97 stores nationwide along with an online sales offering through http://www.scs.co.uk. We also have 10 distribution centres across the UK, and our Head Office is based in Sunderland.

At ScS we specialise in fabric and leather sofas and bring to market an exclusive range of ScS branded products sold under registered trademarks, including Endurance and SiSi Italia. We also offer a range of third party brands, including La-Z-Boy, G Plan and Parker Knoll, in addition to our core ranges. Our flooring offering, which launched in 2012, focuses on great quality carpets, laminate and vinyl and has allowed us to become a destination retailer for furniture and flooring.

Our partnership with House of Fraser

We also run a made-to-order sofas, furniture and flooring concession within House of Fraser. The concession currently operates from 28 House of Fraser stores across the UK and online. http://www.houseoffrasermadetoordersofas.co.uk


Annual Report:
http://www.scsplc.co.uk/~/media/Files/S ... 17-doc.pdf

Lijkt me op basis van een FCF analyse een mooi opwaarts potentieel te hebben.

Ben zelf ingestapt sinds 04/09/2017.
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Re: SCS Group PLC

Berichtdoor Denjoe » 22 Nov 2017 08:45

AGM Statement
Released : 22/11/2017 07:00

RNS Number : 1441X
ScS Group PLC
22 November 2017


22 November 2017




ScS Group plc

("ScS", or the "Group")

AGM Statement


ScS, one of the UK's largest retailers of upholstered furniture and floorings, will hold its Annual General Meeting today at 14.00 at Ramside Hall Hotel, Durham, DH1 1TD, at which Alan Smith, Chairman, will make the following statement:

"The Board is pleased to report that the Group has made a good start to the financial year, with like-for-like order intake up 2.9% for the 16 weeks ended 18 November 2017, and two-year like-for-like orders up 8.0%.

The core ScS business has continued to perform well, with like-for-like order intake up 3.6%, and two-year like-for-like orders up 7.9%.

Our House of Fraser concessions, which represented 6.2% of Group order intake in the period, have seen like-for-like orders decline 6.4% against very strong comparatives, with two-year like-for-like orders up 10.0%.

We remain on schedule to open a new store in Chelmsford on Boxing Day 2017. The Group will then trade from 101 ScS stores and operate 27 House of Fraser concessions.

Whilst it is still early in the current financial year, the Group continues to trade in line with our expectations. We believe the Group's increasing resilience and value proposition will enable us to manage the continued economic uncertainty and take advantage of opportunities."

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Enquiries:

ScS Group PLC

David Knight, Chief Executive Officer

Chris Muir, Chief Financial Officer



c/o Buchanan +44 (0)20 7466 5000

Buchanan

Richard Oldworth

Madeleine Seacombe



Tel: +44 (0)20 7466 5000

scs@buchanan.uk.com

Shore Capital

Ed Matthews

Patrick Castle

Tel: +44 (0)207 408 4050
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Re: SCS Group PLC

Berichtdoor jens_dev » 22 Nov 2017 09:04

Zit je ook op Spaargids? Had er ook iets gepost over SCS.

25/10:
De afgelopen 2 boekjaren een vks excl. werkkapitaal van gemiddeld £11m
Een nettokaspositie van £40m (al zie ik wel dat ze veel meer handelsschulden dan handelsvorderingen hebben).
En een beurskapitalisatie van... £70m. Denk niet dat ik al ooit zo'n goedkoop aandeel heb gezien. Business is er wel een van lage marges en hoge concurrentie. Winst en vks zullen volgens mij ook wat dalen de volgende jaren. Lagere bezoekersaantallen, lager consumentenvertrouwen,... Maar dan nog...
Als ik reken op een vks van £7,5m, een fair vks-rendement van 7% en een nettokaspositie van £20m (door een stijging van het werkkapitaal) kom ik al snel aan £3,2 per aandeel of > 80% opwaarts potentieel.

Brick and mortar. In 2008 trouwens ingestort en gereorganiseerd door private equity. Sinds 2015 weer op de beurs.
Online sales stellen nog weinig voor (circa 3%).

Ik vind de business op zich ook alles behalve aantrekkelijk hoor. Alleen, die waardering. De afgelopen 2 boekjaren een vks van £11m tegenover een ondernemingswaarde van £33m. Vks-marges 3,2-3,3%. Dat is een rendement van 33%. Natuurlijk de verwachting dat dit gaat dalen, maar in welke mate? Zelfs als de vks halveert vind ik het aandeel nog meer waard dan de huidige koers
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Re: SCS Group PLC

Berichtdoor Denjoe » 22 Nov 2017 11:05

jens_dev schreef:Zit je ook op Spaargids? Had er ook iets gepost over SCS.

25/10:
De afgelopen 2 boekjaren een vks excl. werkkapitaal van gemiddeld £11m
Een nettokaspositie van £40m (al zie ik wel dat ze veel meer handelsschulden dan handelsvorderingen hebben).
En een beurskapitalisatie van... £70m. Denk niet dat ik al ooit zo'n goedkoop aandeel heb gezien. Business is er wel een van lage marges en hoge concurrentie. Winst en vks zullen volgens mij ook wat dalen de volgende jaren. Lagere bezoekersaantallen, lager consumentenvertrouwen,... Maar dan nog...
Als ik reken op een vks van £7,5m, een fair vks-rendement van 7% en een nettokaspositie van £20m (door een stijging van het werkkapitaal) kom ik al snel aan £3,2 per aandeel of > 80% opwaarts potentieel.

Brick and mortar. In 2008 trouwens ingestort en gereorganiseerd door private equity. Sinds 2015 weer op de beurs.
Online sales stellen nog weinig voor (circa 3%).

Ik vind de business op zich ook alles behalve aantrekkelijk hoor. Alleen, die waardering. De afgelopen 2 boekjaren een vks van £11m tegenover een ondernemingswaarde van £33m. Vks-marges 3,2-3,3%. Dat is een rendement van 33%. Natuurlijk de verwachting dat dit gaat dalen, maar in welke mate? Zelfs als de vks halveert vind ik het aandeel nog meer waard dan de huidige koers



Klopt ik had het daar origneel laten vallen in het 'Koopwaardige aandelen' topic.
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Re: SCS Group PLC

Berichtdoor Denjoe » 12 Jan 2018 07:35

The House of Fraser department store chain has confirmed that it is seeking to reduce rents on some of its stores.

The retailer confirmed that it had written to some landlords asking for their "support".

The move, first reported by Sky News, suggests that it could be struggling after a tough Christmas for retailers.

House of Fraser, which is due to reveal Christmas trading figures next week, announced closures in Leicester and Aylesbury, Buckinghamshire, last year.

Rival chain Debenhams issued a profit warning this week after reporting disappointing Christmas trading.

It said like-for-like sales in the UK fell 2.6% for the 17 weeks to 30 December amid a "volatile and competitive" market.

A House of Fraser spokesperson said: "We can confirm that we have contacted some of our landlords asking for their support as we drive forward with our transformation programme."

The Guardian reported that the chain wanted to reduce the size of its 59 stores by close to a third over the next decade by getting rid of top floors or basements.

House of Fraser was bought by Chinese firm Sanpower for £480m in 2014.

Last month the Moody's credit agency downgraded its credit rating for the retailer.

It pointed to the company's weak results for the first three quarters of 2017, which it said were due to "both challenging market conditions and company-specific factors".

The disruption from House of Fraser's new web platform and the underperformance of its in-house brands had weighed on the business, Moody's said.

"A recovery in HoF's profitability is dependent upon either an improvement in the company's product offering or in cost-savings initiatives, which each involve execution risks," it added.
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Re: SCS Group PLC

Berichtdoor Denjoe » 12 Jan 2018 07:37

Verklaring voor de -12% de afgelopen dagen?:


COMMENT
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House of Fraser has reported a decline in sales, both in stores and online, in the run-up to Christmas.

Sales in stores for the six weeks to 23 December fell by 2.9%, with web sales down 7.5%.

However, the department store retailer pointed to a 0.8% uplift in store sales during its Black Friday promotional event, with online sales “within 1% of last year’s record sales performance” in the same timeframe.

It added that gross margins were boosted by around 0.5% on a constant currency basis over the festive period, owing to a strategy to reduce the volume of discounted products being sold.

HoF reported that although trading during the first week of the post-Christmas Sale was “disappointing”, sales since New Year’s Day have recovered and are “broadly in line” with last year in both stores and online.

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As part of its transformation programme, House of Fraser has made savings of £10m in 2017. It added that “good progress” has been made in securing a further £16m in savings for 2018.

The initiative involves making efficiencies across the business through consolidating suppliers, reviewing distribution centre activity, moving to a single stock pool to service the multichannel business and by leveraging technology outsourcing partnerships with firms CapGemini and Infosys.

Alex Williamson, CEO of HoF, said: “We are a business in transition; our focus is on driving profitability rather than chasing revenue at any cost. We are not a business determined to sell everything to everyone at any price. What’s important, and we are seeing some success in the numbers, is to keep our discipline in selling those products that are loved by customers and profitable for House of Fraser.

“The trajectory of our web business is now back on track following the re-platforming carried out earlier in the year; our investment in our logistics and supply chain is beginning to yield dividends and through the careful curation of our product mix we grew margins over the Christmas period by 0.5%, at constant exchange rates. Let’s not forget we can trade with the best of them too as we delivered another record Black Friday performance.

“The execution of our transformation plans continues at pace, and we are confident that we will deliver an exceptional experience for our customers and brand partners whilst delivering a sustainable and profitable future for House of Fraser.”

Yuan Yafei, chairman of HoF owner Sanpower, added: “As House of Fraser embarks on a year of significant transformation in 2018, we remain confident in its prospects. Sanpower is fully committed to its long-term investment in the UK retail market, and to continuing to provide all the necessary support to ensure House of Fraser’s success as the leading UK premium department store chain.

“We fully endorse the transformation plan that Frank, Alex and the team are delivering to ensure a successful future for the business both in the UK and internationally.”
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