SCS Group PLC

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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
Full screenHof westfield
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.

Click here
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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H1 Trading

Berichtdoor Denjoe » 31 Jan 2018 08:28

Released : 31/01/2018 07:00

RNS Number : 3828D
ScS Group PLC
31 January 2018



31 January 2018







ScS Group plc

("ScS", or the "Group")

H1 TRADING STATEMENT

TRADING IN LINE WITH BOARD'S EXPECTATIONS

ScS, one of the UK's largest retailers of upholstered furniture and floorings, today issues the following trading update ahead of announcing its interim results for the 26 weeks ended 27 January 2018 on 21 March 2018.



The Group achieved like-for-like order intake growth of 2.2% and two-year like-for-like order intake growth of 5.3% for the 26 weeks ended 27 January 2018.

The core ScS business has continued to perform well, with like-for-like order intake up 2.5%, and two-year like-for-like orders up 4.7%. Our House of Fraser concessions, which represented 7.4% of Group order intake in the period, have seen like-for-like orders decline 0.4%, with two-year like-for-like orders up 13.2%.



Following the opening of our new store in Chelmsford on Boxing Day, the Group now trades from 101 ScS stores and operates 27 House of Fraser concessions.



The Board is also pleased to announce an extension of the Group's committed £12m revolving credit facility to November 2021.



The Group has traded in line with the Board's expectations in the first half of the financial year, including the key winter sales period. 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

Patrick Castle

Dru Danford

Tel: +44 (0)207 408 4050




This information is provided by RNS
The company news service from the London Stock Exchange
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Re: SCS Group PLC

Berichtdoor Denjoe » 21 Mar 2018 08:14

For Immediate Release 21 March 2018
ScS Group plc
(“ScS” or the “Group”)
Interim results for the 26 weeks ended 27 January 2018
MAINTAINING PROFITABLE GROWTH IN A CHALLENGING RETAIL ENVIRONMENT
ScS, one of the UK’s largest retailers of upholstered furniture and floorings, is pleased to announce its interim results for
the 26 weeks ended 27 January 2018.
Financial Highlights:
• Gross sales up 1.5% to £168.4m (2017: £165.9m)
• Revenue up 1.8% to £160.7m (2017: £157.9m)
• Like-for-like order intake up 2.2%
• Two year like-for-like order intake up 5.3%
• Gross profit increased £2.4m to £75.3m (2017: £72.9m)
• EBITDA improved by £2.8m to £2.9m (2017: £0.1m)
• Operating profit improved by £2.9m to £0.3m (2017 loss: £2.6m)
• Earnings per share of 0.1p (2017 loss: 5.6p)
• Strong cash inflow from operating activities of £18.2m (2017: £22.5m)
• Strong balance sheet with cash of £51.8m (2017: £36.8m)
• Interim dividend increased 8.2% to 5.30p per share (2017: 4.90p per share)
Operational Highlights:
• New store opened in Chelmsford on Boxing Day 2017. The Group now trades from 101 ScS stores and operates
27 House of Fraser concessions
• Further development of the ScS e-commerce platform with online gross sales up 11.3% to £6.0m (2017: £5.4m)
• 5 star “Excellent” rating maintained on Trustpilot
• The Group’s committed £12m revolving credit facility extended to November 2021
Current trading and outlook:
• Sales order intake up 0.9% on a like-for-like basis for the 33 weeks to 17 March 2018
• Year to date trading in line with the Board’s expectations
David Knight, Chief Executive Officer of ScS, commented:
“For the 26 weeks ended 27 January 2018, the Group achieved like-for-like order intake growth of 2.2% and two-year
like-for-like order intake growth of 5.3%. Our focus on providing excellent choice, value and quality for our customers has
proven successful. The Board is confident that its strategy is proving successful, and the business continues to strengthen,
enabling it to maximise opportunities as they arise and continue to grow market share.
For the 33 weeks ended 17 March 2018, like-for-like order intake growth was 0.9%. Trading in the last seven weeks has
softened, with the like-for-like order intake falling 5.3%. This was principally due to the adverse weather conditions
experienced in the week commencing 25 February 2018. The remaining six weeks saw like-for-like order intake in line
with the same period last year.
We expect that the retail market will continue to remain challenging in the short to medium term, and we are conscious
that the Group still faces the key Easter and May bank holiday trading periods. Despite the challenging trading conditions,
the Group continues to deliver profitable growth and the Board is pleased with the Group’s year to date trading, which
is in line with its expectations.”
2
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
Investor and Analyst Meeting
A meeting for analysts will be held at the office of Buchanan, 107 Cheapside, London, EC2V 6DN on 21 March 2018
commencing at 9.30am. ScS Group plc's Interim Results 2018 are available at http://www.scsplc.co.uk
An audio webcast will be available on:
http://vm.buchanan.uk.com/2018/scs21031 ... ration.htm
Notes to Editors
ScS is one of the UK's largest retailers of upholstered furniture and floorings, promoting itself as the "Sofa Carpet
Specialist". The Group seeks to offer the perfect combination of great value and choice through a wide range of sofas,
flooring and dining and living room furniture, coupled with an excellent customer experience. The Group's product range
is designed to appeal to a broad customer base with a mid-market priced offering and is currently traded from over 100
stores nationwide.
With more than 100 years’ retail experience, the Group’s upholstered furniture business specialises primarily in fabric
and leather sofas and chairs. ScS sells a range of branded products which are not sold under registered trademarks and
a range of branded products which are sold under registered trademarks owned by ScS (such as Endurance and SiSi Italia).
The Group also offers a range of third party brands (which include La-Z-Boy, G Plan and Parker Knoll). The Group’s flooring
business includes carpets, as well as laminate and vinyl flooring. Across the UK, the group employs nearly 2,000 people
with stores located throughout the UK as well as nine distribution centres.
In 2014, ScS began to operate the furniture and carpet concession ranges for House of Fraser. ScS currently operates in
27 House of Fraser stores across the UK.
The Group is rated 5-star by its customers on independent customer review site Trustpilot for in-store service, online
shopping experience, delivery and product reviews.
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Re: SCS Group PLC

Berichtdoor jens_dev » 22 Mar 2018 09:04

Blijkbaar nogal seizoensgebonden want die H1's trekken op niets. Alle winst/cash wordt in de H2's gegenereerd.

Nettokaspositie stijgt fors naar £51,8m hoewel er amper vrije kasstroom werd gegenereerd. Ze betalen gewoon hun leveranciers (nog) niet. Als je rekening houdt met inventories, receivables en payables bedraagt die 'aangepaste nettokaspositie' nog maar £6,5m. Een beetje onorthodox misschien, maar anders ga je je onterecht rijk rekenen.
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