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Yes they sold at 11p late yesterday but it never showed up on the markets - very odd??
I think there is a bit more downside to come next week and I will start layering in.
The management need to be held accountable here big time
They held 5%. 124m shares in issues and someone dumped 6.3m in one go. So I would think it's one if the sellers.
Maybe grew impatient - but dont see why. At the current price level, the scope for returns is quite high. I might increase my holding soon - currently on 10k but might buy 90k or so in my ISA. Could be interesting :)
FIL Limited down to zero
unloved, at the moment, but quiz is not a dying brand, quite the opposite, and the online growth and sales balance continues.
THEY HAVE 10 MILL CASH, WHICH THEY BUILT UP FROM 7.5, SO DOING SOMETHING RIGHT IMO. CORONAVIRUS, STORMS, ETC NOT HELPING, BUT @<=12P IM ADDING.
what on earth is going on here?
Valentines day and poor Quiz has gotta be one of the most unloved stocks in the marketplace at present but I personally think there is real value to be had here.
Typo - this is the all time support level, if this breaks I will look to layer in my tranches.
Long day my apologies
Removed my buy I think this will test 12p again. This all time support level and it will later in if this breaks.’
Still a seller around this share is utterly frustrating and perplexing.
Management get a grip fast!!!!
Sos just done a placing at 17p , running on fumes perhaps. So which is the better punt , them or Quiz. ??
Agreed but it is totally unloved 4 trades today is appalling.
I have set a buy at 13.25p I still hold quite a bit at 15p as this and enq are my long termers.
Management just do not seem to care and seem extremely complacent having pocketed their millions from the ipo.
Atb
both up, their valuations make quiz look cheap imo with 10mil cash and rising
Dont think so..but I think 25% gain to be had in the short term
was hoping to buy @ 12p, but with £10mil cash and a £20 mil mcap seems cheap enough now. ASOS and boo moving up .
I have to agree with people below, the management are lacking any real long term strategy. They have two very significant strengths they can use to yield better results. Firstly, put more money into promoting online shopping; the return on invested capital is much higher and revenue growth has been centered there for a while now. Secondly, shut down poor performing stores and keep open one or two stores in extremely densely populated cities and towns. Use the shops as hubs for same day delivery, next day pick up and a whole host of other offers. Retail might be fading away but there are ways that Quiz can leverage it to create a real competitive advantage against BOOHOO and the like.
Looks like it is heading to sub10p at this rate.
Definitely some profit to be had at this level.
Can see sub 20p in 2 to 3 months now
This is a Company that really needs change or to just sell up....I know they cant really be compared to BOO and I do think Quiz are undervalued but there is a reason for that, the just seem to not "get it" dump all the bricks and mortar and concentrate on-line its the only chance they have of survival short of being sold....I do expect another drop perhaps to circa 10-11p until we see that turn around
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.
I think unionpacific needs a crash course in investing
@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...