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Christmas not really a clothes buying time. Haha I've heard it all now. Have you been around Liverpool or any other city shops at Christmas. Seriously the whole retail sector in trouble. Google how many retailers have gone into administration in the last 12 months. Quiz is tiny plus more debinhams shops closing with there tiny quiz section in
spring / summer suits their type of clothing, and autumn as realised last year. Christmas not really a clothe buying time for anyone imo
remains a long term buy, with short-mid term gains imo
@ Korg, thanks, The £7.5m was at 31/03/19 whereas the £12.3 was 05/01/19 and the latest figure being £10.7m on 04/01/20 - so the year on year January to January comparison is £12.3m v £10.7m - Obviously they suffered a big decline in the first 4 months of 2019, but recovered between end of March 2019 and 05/01/20 from £7.5m to £10.7m - whichever comparison you take, most least favourable or least favourable, I don't see them "Hemorrhaging cash like there's no tomorrow" and being wiped out by the end of 2020, unless I have missed something major !? Or unless trading gets manifestly worse from where they were up to Christmas 2019.
actually, your BOTH wrong. prelim 2019 fy cash was £7.5mil, now £10.7 mil so they pulled back over £3mill, thats what early buyers were buying in to before the "financial" bloggers spouted off doom.
ditching poor performing third parties, transitioning to online only, increasing margin, cutting costs, adding cash, and a takeout target.
be paying a dividend soon at this rate.
@johnnykipper - Am I missing something ? You say "Hemorrhaging cash like there's no tomorrow" but the RNS says "The QUIZ balance sheet remains strong with net cash of £10.7m as at 4 January 2020 (5 January 2019: £12.3m). So in 1 year they have burnt 13% of their cash reserves or £1.6m - at the same rate of cash burn they would last 6.68 years ? They have cut costs in 2019 which will help in 2020, but these may be wiped out if declining volumes if sales continue as is. Doesn't look to me that cash is an immediate issue for 2020 or 2021 so intrigued as to why you think they might be wiped out by the end of 2020 ? Grateful for alternative views.
The fastest way for the Ramzan
Family to get a return on their remaining equity would be to agree to be bought. I have said on previous posts - that a much bigger team could by the Quiz entity for more than 35p per share - I think that is where we are now......it could be NEXT, M&S etc.......So the floor on the SP will appear soon.... buying £131m turnover for £50m and a vital part of a big retailers plan to get their go to market working...
Quiz look a long way from being a half decent investment. My concern is the poor online sales. Retail is awful abd so risky just now and I wonder if the Ramzan family have the stomach to carry on (the family made millions following the IPO) and so far it appears none of them have re-invested at the current price (90%) down so hardly an endorsement. Still on watchlist for now.
Hemorrhaging cash like there's no tomorrow. Could be all but wiped out by the end of the year I would say.
That would generate a market cap of £10m - they have that in cash.......clueless!
Nah. Awful results. Going to 8p. Following that RNS these are doomed.
Easy money for 3 days invested - Mark my words....
I hope your right as ive just added....
An easy 9.5% to be made on this is by Friday - read the buys today people are seeing a buying opportunity......Any takers?