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Unfortunately a lot of the high street sales were though concessions in Arcadia stores, which are now going to close.
From today’s announcement:
‘The Board has also been taking steps to reduce its exposure to UK department stores going forward. In the year ended to 31 December 2020, the Group reduced the number of concessions operated by 20% to 142.
Of these remaining concessions 85 are in Debenhams stores and 29 in Outfit stores operated by Arcadia, both of which are in Administration. We note the announcement that Boohoo has acquired the intellectual property assets of Debenhams and that these stores are expected to close, and that there is uncertainty as to Arcadia's future. There is no financial exposure to outstanding balances due from these businesses and the redundancy costs that would arise from these store closures would not be significant.’
The collapse of Arcadia Debehams and others should give Quiz a bigger slice of both the high st and the overall market....thoughts anyone
BoJo 's handling of covid and more lockdown s not helping
A shame to see things go so bad for SP but I'm glad I didn't but in yet. I think I will go for something a bit safer.
Longer term Opportunities, but in the shorter term a fair amount of uncertainty. Quiz had a large number of concessions at Debenhams and also sold through Arcadia portals, so there will be an impact for Quiz.
Can see Quiz losing some of the recent gains while the fashion retail sector digests the news of Arcadia and Debenhams demise.
Good luck if staying for the ride or just watching from for a buy opportunity on the sidelines.
With Debenham's and Arcadia in trouble hopefully Quiz can benefit a little
Yes, I see what you mean. It was a win win situation for footasylum shareholders I suppose. IMO theres not long for Quiz's SP to spike up. And I'm convinced they'll probably get bought out within the next few years, if not sooner!
The CMA blocked the merger, which was going to force JD to divest Footasylum , however that judgement has recently been quashed by the competition appeal tribunal. My point was regardless of this if you were a shareholder of Footasylum who bought at the low levels you would have seen the share price quadruple and you wouldn't have been too worried about the aftermath.
Sorry I meant buy out, not RTO -.-
I would love an RTO to happen at some point, but I personally doubt it will happen in the short term. Also, correct me if I'm wrong, but didnt the footasylum buyout by JD fall through?
Some really lovely dresses at Quiz and reasonably priced too. I'm thinking about buying some shares 2moro.
I agree I believe this is prime for a buy out, TM Stonehage Fleming hold an 11.81% position in Quiz. Due to them acquiring Cavendish asset management - I am assuming its Paul Mumford's AIM Fund. Interestingly he held a big position in Footasylum before JD Bought them. Ironically Quiz non exec chairman Peter Cowgill is also the Exec Chairman at JD Sports.
I had a good feeling for Quiz
GLA
Bags of potential here. Store leases all sorted out and setup for the ever expanding online fashion boom.
They have a current campaign just kicked off with Vicky Pattison. Her 3 million+ Instagram followers are going to be looking at Quiz. Coincides nicely with the new season of I’m A Celeb. Being a former winner gets her plenty of extra media attention right now.
It's about time Quiz started to make it's way back towards its 161p IPO price.
Wondering if they might look to make a bold move and take the stock and online operations of Pea****s and Jaeger? This could massively boost sales and turnover.
This sudden surge has taken me by surprise although I thought it was inevitable given the massive discrepancy between revenue and market cap. I've been averaging down over the past 12 months with the gut feeling that it might be bought out on the cheap by a cash-laden peer such as Boohoo. I've also invested in Boohoo and ASOS as I think there is more online growth to come with at least several further months (if not longer) of local/national lockdowns until we know if this trio of vaccines really work.
Large buys today not been like this for a long time.
Going much higher
Only for starter.....MC currently is way too low and any hint of recovery on the high street and improvement on the online sales should take us much higher IMHO.
GLA.
Some hefty buys coming in now.
Looks way to cheap and dont forget this was 30p not so long ago
Strong start this morning could be 15p this week
Renegotiated the leases, Rents are now down 55% all the loss making stores gone the Reset is complete
10p broken
Let's go Quiz onwards to 15p
Maybe not this week but hoping they have a good Xmas period...rents are reduced so if they can hit decent sales figures the 15p easily
Surprised at very little chat in here despite a very healthy rise last week.
Double figures soon and maybe 15p shortly
Appears to be someone building a stake here. Has been a definite increase in trade vokume. 300+ trades yesterday and activity again today. Price edging up. Been lots of low value buys suggesting MMs filling a bigger order.
Plenty of value everywhere right now, but someone thinking Quiz is good value to buy into.
Moderna new covid candidate. 94.5%Today 12:52
Breaking news
https://www.theguardian.com/world/2020/nov/16/moderna-covid-vaccine-candidate-almost-95-effective-trials-show
Top up time coming before we begin a nice rise. Imo