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Exactly!!
Try getting anybody in for a High end Kitchen or Bathroom right now. You won't be seeing a Tradesman this side of Christmas.
If JLH turn even a modest profit this year, say £500k or lets go crazy and say £1m then what multiple would you rate the stock at?
Interesting right?
Seriously 2.5m mrk cap is that a mistake. Erm re rate for sure
Well, regardless of any 'Confusion' people are dropping money on their houses in a major way.
I would be surprised if John Lewis are not reaping the benefits.
Market Cap is tiny, Non exec Buyer recently in decent size, what's not to like?
2.5m market cap? is that for real?
Are we expecting a few bags here??
Housebuilding.
Top spot. But why?
Are people getting confused here?
Could be interesting as two of the Directors have added a reasonable number of shares recently and you have to ask why as they would not have done so if there was a problem. I also saw that JL had sold a few to below 30%. In a way I can see JLH either used as an RTO vehicle that will compliment the existing business or letting the stores go and used as a shell. In any event it needs something to be done soon as it is in need of refinancing if we are to make meaningful progress. MC of about £2m makes us interesting IMO
Got a fair few of these, totally unwanted.
Oh really.
:)
Sleepy share normally - what's going on?
So it seems as if John Lewis has shed some stock - interesting.
Interesting that we have someone picking up 6pc - why, and I still wonder what will happen to JLs holding.
I am out, actually. The fact they only managed £3.33m sales in six months to Dec 2020 is pretty weak. There had been figures thrown around that they were seeing a big increase in enquiries and quotes ... every other home improvement company seemed to do very well in final half of 2020 ... even with Nov lockdown, you'd have expected some improved performance, but they still just churned out the same as 2019 (approx).
This I beleive is this coming week and with the shops due to open on Monday 12th and it will be interesting to see if we get a further update. I still feel JL could pass his holding on but if not it looks as if we have a sporting chance that management can drive us forward. Any thoughts tollbar?
Very positive interims and potential looks good. Well done the management.
That's correct figures to 30 June '20 to be announced by the end of March but I wonder what has happened during the past 9 months. Money in the bank yes, but we need to pay areas of VAT and PAYE. Are we large enough to continue with a listing ? Why did the Directors have to put their hands in their pockets recently for a few thousand if there is cash in the bank? I really think we need to consider that the company as we know it could be somewhat different in six months time, or at least heading that way. Pity.
I'm sticking with my analysis from back in October:
********
At first glance, you'd think this business was toast. £800k market cap, below last report of net assets
But, they have £1m in the bank still and surely worst is over?
YoY sales for Q1 of Y/E 30/6/2021 up by 23% (according to Pre-Close Trading Update from Sep 2020)
20% sales increase would get to around £9m revenue
48% GM = £4.3m
Looks like they have around £3.5m overhead now (from guidance in same update)
=> EBITDA of £800k for FY 2021?
Market cap now is only £800k
Very significant risk of whole business closing and share going to zero ... but if people don't go skiing this winter might they buy a new kitchen instead? ... worth a punt?
*****
We'll find out soon enough, they need to file accounts by end of March, and presumably there will be an indication of recent trading then, too. It'll either be curtains (share price zero), or prospect of an actual profit in 2021 (share price rockets)
Still cannot help thinking that JL will either sell out or take the business of the company private and leave the quote for the market. Shell, SPAC, RTO, call it what you will, I cannot see the economics of keeping us listed. Any ideas?
Been here for a few years and perhaps a little disappointed with progress. Any thoughts on JL who has some 35% selling out?
Could we have the potential interest to sell the assets to a non listed entity and leave us as a clean shell? I ask because shells seem to be all the rage at the moment. Also why did the Directors inject £40,000? A mall amount to assist for accountants fees etc.
£560k cash
£1.9M Freehold properties
£500k AIM Listing
£2.96M
Current Mcap ~£1M
Should be trading at min 1.6p
Current 0.65p https://t.co/x7FIWjp0rn
John Lewis of Hungerford is undervalued at £900k, the trading update in December was really good and to grow business and orders during covid is impressive.
Despatched sales and forward orders is £5.9m, which is 25% ahead of the corresponding period in the prior year.
They have moved to sell and design online during covid and the overall design quotation activity within the business is substantially up on the previous year which reflects sustained consumer interest in home improvements.
They will struggle against the likes of AO. They are worth a punt also.
At first glance, you'd think this business was toast. £800k market cap, below last report of net assets
But, they have £1m in the bank still and surely worst is over?
YoY sales for Q1 of Y/E 30/6/2021 up by 23% (according to Pre-Close Trading Update from Sep 2020)
20% sales increase would get to around £9m revenue
48% GM = £4.3m
Looks like they have around £3.5m overhead now (from guidance in same update)
=> EBITDA of £800k for FY 2021?
Market cap now is only £800k
Very significant risk of whole business closing and share going to zero ... but if people don't go skiing this winter might they buy a new kitchen instead? ... worth a punt?
Closing down several stores