Good post TR, FCCN's black friday offer was terrible, they didn't buy product specifically for it, it was re-packing all the old rubbish that didn't sell. They have been very promotional of late and I don't believe they can be having a good season. Don't be surprised if they go on full sale next week. The High street had a shocker last week, all the business was on-line, for those that had the right product. They need to get their merchandise planning sorted out. I see Warehouse, Coast and… Read More
Potentially significant reverse after Black Friday. Where I am bearish about this company is they don't seem to have seriously addressed the issues of digital only, and fast fashion challengers. Are they too late, or will they ever come to see the opportunities here ? All three brands seem to operate on the same season by season mainly retail based offerings.
Agree Sis. The T/U [Nov 30th?] should provide a good re-rate event if you read the background opimism in the interims. With Angelides [ex-Next] coming on Board last March and repeatedly buying into FC, the update should show wholesale stabilisation and growth with good sales of clothing in October and November. Fingers crossed that the Angelides effect is on course. The much-heralded bid interest is also present with NAV around 50p a share.
Good general retail figures in October plus colder November weather and Christmas party/present buying now kicking in should help give FC a leg upward. Combined with the recently noted increased predatory interest and engagement of Moelis, the run-up to Christmas could be bright indeed. The share price has just broken through the 20 day ma and is nosing the 50 day ma with a nice little jump in volume on the 21st. Interesting on several counts with Toast in particular looking a strong part of… Read More
Spot on TR. I think the trio of Toast/Great Plains/French Connection is the reason that ex-Next director Angelides has come on Board and has been buying into FC. Great way to see operational management and potential. It is little wonder that the Telegraph reported on October 25th that French Connection had hired investment bank Moelis & Co to advise it, after potential buyers had started circling the company. The buyers, the Telegraph claimed, included a mix of European and US private… Read More
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