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Yes mate, but I doubt I'll be buying in. They went on a cost cutting exercise and amongst other things they cut advertising, they need to look at generating revenue not cutting advertising.
Never heard of Quiz, is this the company they are on about?
https://www.thetimes.co.uk/article/fast-fashion-staff-offered-3-an-hour-hqbgknxms
"An undercover reporter was told by bosses at a factory before the lockdown that she would have to undertake two days of unpaid work before moving onto a rate of £3-£4 an hour. Quiz-branded jackets were seen in the factory in the heart of the city’s manufacturing centre in the Spinney Hills area."
Another rise today...back to double figures soon enough
Fully agree. Bought a chunk at 5p when was BOO was rocketing. There's value here.
Presently + 38% shown on google finance, whatever is going on has stirred things up!! gla.
Action stations at the ready, the main reason I bought into Quiz was that I believed they were grossly undervalued with an desirable product range in a devastated sector. I really do believe this company could be attractive acquisition by one of its larger peers.
Something going on give more trades today than the last month in total
High street bounces back. Pent up demand. But Quiz migration to online only is the story here now.
Last weeks flash crash took the shine off of last weeks news and rise.
7s today?
5s today?
a couple of large trades reported after close. Felt like an order being filled today. And they wrapped up the restructre deal. The banks should like this too imo
dropping back with the market drop this afternoon. may see 6p(ish) tomorrow.
by putting kast in to administration, then buying back gross assets of Kast of £39.6m at £1.5m ,minus the leases (and liabilities), they are free to renegotiate or close the physical operations down, and move closer to online only.
thats as I read it, and it looks a smart move.
i thought maybe 3p today not 8p. am i missing something?
After today’s announcement... may be a game changer.
I’ll look to add some on a pullback
Happy to say I called this one in April -- well done all who have patiently held the last few months!
8.8p to buy - cannot sell any across 2 platforms. Nice.
this is the right thing to do, buy your assets back, then "renegotiate" leases. (Read close all stores).
were going online only guys!
Seems a sensible thing to do during this crisis.
8p looking like it will break
of 84 stores and buyout for 1.3million.
Its heading that way and international online sales are growing. Ridiculously cheap, I am fully loaded.
added a few close to un-lockdown.
I see sos has done very well.
too much reliance on store concessions wont help sales here - this isnt a pure online clothese business
Guess customer shift in current market situation ie from ted baker, superdry, fraser etc. to something more affordable like quiz very likely.
I took a position this week and now I own more shares than 3 of the Directors! Not difficult. But there are very few shares in issue and 2 Directors own 25%. Mr. Market seems to be indicating business as usual a lot sooner than the UK Government envisages. Hopefully QUIZ will survive and suddenly re-rate.