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Trades missed/above closing price wrong coz site was down around 15-40PM
https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?page=0&pageOffBook=0&fourWayKey=JE00BZ00SF59JEGBXAMSM&formName=frmRow&upToRow=10
He did well boohoo. He keeps banging on about SOS, but look at the market cap and turnover. collosaly overvalued by comparison.
As for uk High street, look at dunelm today.
Happy to see a move to online only, but concessions can still contribute.
Absolutely - they have flexibility going forward, no debt and cash. The interims gave us a small drop - still think this will be a snip for non-online retailer to purchase. Also the international footprint will also be perhaps disposed of.....Still cannot are the down side on this one - so holding on to my 71,000 shares. No dramas guys just see the recovery....!
thats the plan imo. That margin is fantastic. 7million cash and a piddly market cap sub £20 million. Come on!
Should be trading above 20p imo, nearer 30p. NAV 32p
DOUBLE YOUR MONEY TIME IMO!!!!
QUIZ just copy ASOS or Boohoo business model and thats means online business only then we would be in the profit and sp will be way higher. But no quiz thinks theres life on the high street, no the high street is dead, the only shop i visit on outside of my house are sainburys, tesco and morrisons and then everything wil be online and delivered to my door.
My opinion – this business looks down, but not out.
Providing trading from the physical stores doesn’t get any worse, then Quiz should be able to gradually close the loss-making sites as the leases expire or come up for a break clause. Although with fewer stores in future, the business will also need to downsize its central costs.
The online side of things is interesting. It seems to be the case that some brands can grow fast in the early stages, but then hit a brick wall of market saturation. Maybe Quiz is suffering from that? Although the latest online growth of +16% isn’t too shabby.
As we saw recently with Sosandar (in which I hold a long position), sales growth is mainly driven by marketing spending. What matters after that is how sticky customers are. Sosandar has high customer loyalty, hence its high marketing spend makes sense. I’m not sure whether the same applies to Quiz or not? I suspect it probably doesn’t apply to the same extent.
The other problem for Quiz is that it’s trying to compete with the fash fashion online behemoth Boohoo (LON:BOO) – with its multi-brands, and highly aggressive pricing policy. BOO has made no secret of the fact that it wants to dominate the younger, fast fashion space, and squeeze the competition out. It’s an over-crowded space, and Quiz could struggle to make much more progress, against such intense competition, and without any brand strength to speak of.
Although note that Quiz’s 61.7% gross margin is exceptionally high, so they’re doing something right to achieve that level of gross margin.
Overall, at just £18.6m market cap, I think Quiz could possibly be worth a speculative punt.
https://app.stockopedia.com/content/small-cap-value-report-wed-4-dec-2019-lgrs-quiz-pcf-saa-534771?order=createdAt&sort=desc&mode=threaded
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Emma-Lou Montgomery, associate director from Fidelity Personal Investing’s share dealing service, has been looking at the results from Quiz mentioned earlier.
Shareholders will be scratching their heads, she said.
"There are certainly more questions than answers raised; not least by the 85% fall in underlying pre-tax profits," she says. "This is predominantly an online business, yet the group’s underlying stores and concession seem to be providing the biggest drag on profits. So why not ditch them?
“It looks like up to half may close, as it attempts to renegotiate or terminate leases over the next two years. In the meantime they will just be an additional cost that the group could do without.
"The all-important Christmas trading period is underway and investors and management alike will be hoping Quiz has what it takes to stand out in the fiercely competitive fast-fashion retail marketplace it’s currently looking a little bit lost in.”
Quiz says it has 73 stores and 171 concessions in the UK.
My thought exactly....nothing we didn't know,in line with others most of the shops must be closed,while focus on the online business that is growing ....the company is doing just that,and things should be improving going forwards.....YET, no quick fix here but the current SP is already reflecting the poor current trading...IMHO.
I have a few pence here and this is a confirmation of the previous update so nothing overly suprising imo - UK Shops struggling but we knew that.The online/overseas aspect looks encouraging as does the cash position vs the market cap which still convinces me this is undervalued so I am happy to hold on
Being optimistic, it looks like the repositioning is nearing completion and they are now a more agile and online operation. International growth up and write offs done. The brand itself is actually pretty strong imo. The next set of results will tell the story of whether this BoD are committed and capable, or its another AIM disappointment (being polite for now).
Cwebb- revenue is actually down 5% if I am not mistaken? Interesting that they say they have a “strong brand”. Sounds like design partnerships are driving brand appeal, rather than the values of the brand per se.
Revenue is up so a good Xmas period and things should be on the up.
Still cheap here in my opinion
Interim's out, not looking very good . IMO
Just thinking the cost reduction project will be reported on in the interims due any day. All that turnover for only £21m to buy out.....This is an absolute bargain at 17p. And a good bit of protection using the multi channel rtm. A return to more profitable levels will make this rocket. A sure fire profit delivered before xmas.....
All heading in the right direction without doubt. Very undervalued like much of the market right now.
OK - Turnover growing and capped at on £21m. This is cheap, given their no debt and multi channel RTM. I think this has jump written all over it hence my 71,000 purchase yesterday. I’m hoping I enjoy this recovery......
A few good buys coming in....move up to the next level now hopefully
I would guess trading conditions are much the same with no catalyst to affect the SP here. Still on the watchlist for now.
Still in transition I guess disappointing online growth from last update let’s hope that the ‘agile’ nature of the business is enough to return to even a small profit soon . Worth holding surely at this price
Did everyone go...this had the making of a 3 bagger not to long ago.
Predictions now anyone
Quite a chunk of offloading going on at present and here is me thinking that the trading update was pretty good. Now 50% below NAV, may be an approach in the wings at this price
Surprised it has not sunk further.
Cannot see where a turnaround is coming from.
SP Is at low as it can go IMHO just need good Xmas trading period now
Doubt it after that RNS
ii still adding imo