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Admission to AIM July 2017. Placing Price of 161 pence: £92.1 million of gross proceeds for the Selling Shareholders and £10.6 million of gross proceeds for the Company.
Depleat company cash, fund improvement to distribution centres - related party transactions, strategic review by family friendly chairman and a delisting coming for a few million back to the family, £100m rinsed from retail shareholders to founding family - standard AIM playbook. Wait a few years and repeat.
I wonder what the strategic review will yield? Half wonder if they're putting the for sale sign up... Has been uninspiring performance so far
Disappointing results. Should probably cut my losses and move on but the mcap is now so low that I just can’t bring myself to hit the sell button!
If sentiment to Quiz clothing were to improve, given omnichannel sales opportunity this could triple very quickly but unfortunately, given recent years, it’s hard to see why this would suddenly happen now.
You just never know....bonkers days atm.....
HOWEVER, if opportunity will come again to buy below 6p I will try and take it after taking a punt with available funds for 5.58p at the beginning of the week.
ATB.
Run up to Christmas, next update should be more positive, equity raise very unlikely in my view and at these levels a 50% bounce seems more likely than not in the next 4 months. Question is, have we bottomed out already, or will there be another chance to get in below 6??
Equity raise funds might be needed
Sorry, but anyone thinking this is undervalued should take a look at what happened with ITS! The assets are worth whatever someone is willing to pay for it, and IMO this wreeks of the same scenario.
This was undervalued yesterday and fair value today is probably yesterday's price so well worth a dip imho
Bounce is on! MM’s marked this down too sharply in my view. £7m mkt cap makes this one of the cheapest retailers out there and they are omni channel! What do people think about the BOD?
Silly levels as company isn’t going bust. Just that it might have a £1.5m loss of things don’t improve. I personally think drop over done as this was trading in the teens! Dyor
Been in and out of this for years. It listed at crazy price. There is a store where I live in the shopping centre. Always empty. Just too expensive compared to the competitors. Who are always having sales. Going bust….no idea but Wilco store is just along from quiz. Sign of the times I think. May take punt if this fall continues. Best chance is the family buy the company back.
Market cap seems peanuts for this retailer and its best quarter is to come imho!
And mkt capt still be 20 odd million . IMO it always bounces to 17pI think there is a trade here
Seems to be little happening anymore, have a few good days but then tumble again. Seems to become a bit stale, can’t imagine they will ever get any momentum anymore :(
Reports buys on here and share price goes down. Reported sells like today and price goes up.
wtf
Bit of a debacle if you ask me
What a ridiculous drop in price for stating the obvious re inflationary headwinds. Occasions will continue to happen requiring attractively priced occasion wear so I remain happy to hold and have added a few at a bargain price this morning.
Noticed few strange trades going through this morning price well above ask and small quantities?
https://www.drapersonline.com/news/quiz-reveals-store-expansion-plans
Looking good for Quiz. I'm going to sell at 18p for my 25% profit. Not long to wait I reckon. Will switch it into BOO which has been massively oversold and should come back this year.
HL took it down me in for the long term let’s see what happens in 2023
Climb baby climb!!
Strange - not much buying here.
Surely hints to good trading at QUIZ over the Christmas period.
The company returned to profitability and is built back its cash.
https://www.youtube.com/watch?v=Pb6lafdbpT8&t=4092s
There was a quick presentation and discussion, and the members of the club tried to guess a fair market capitalization for the company.