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A reassuring t/u.
Now plenty of selling around this price...
Smart money took profits last week...
200p ask now, plenty of buyers at this price....
Continuing good read across to SCS
https://www.lse.co.uk/rns/DFS/trading-statement-fmj2ohwfmeh52ui.html
Good solid business, will be a nice bagger over the next coupon of years...
Trading Update today
looks like it's driven you to drink already
Just wait until the general UK equity market falls apart under the next interest rate rise, and pension fund insliquidity crrisis.
Quite frankly exceptional results.
EPS held up better than i expected. Full year dividend up 35% to 13.5p, currently yielding over 11%. I believe buybacks totalled around 6%-7% for the year. At the same time equity has increased just under 13% from £44.5m to £50.1m. All this on a p/e in the 3s!!
Profits before tax would have been even higher than 2021, if it wasn't for business rates relief last year.
2023 will be a tougher year, as 2022 benefited from a large orderbook but ScS is a very strong company. I can't see the SP being this cheap for long.
Fantastic results
Agreed Peaky. Above my prediction. Dividend yield of over 10% on today’s price (34% payout ratio) and still not halfway through the buyback.
Looking to take market share and I’ll certainly do my bit when I re-carpet and upgrade my sofa!
Good strong results.
A very good stock to hold for a strong recovery...
I agree. Great value on offer at these levels. One to hold for the long term - will gain market share given cash strength in present & upcoming harder times. Buybacks & dividend a bonus too.
Looking forward to the Full year results on Tuesday. In the short term i don't mind the Share price being this low, it means the company is able to purchase more of it's own shares back :). I am also tempted to add to my existing holdings, but i will hold on until results day.
Very strange behaviour by the Market Manipulators.
Oh well, I managed to top up at 118 so all's good. SCS also getting a cracking deal on the buyback.
More like 100,000 regular buys but no big sells reported.
So come on then own up, who’s buying 25,000 shares on a regular basis at these bargain prices.
Stockopedia say today that DFS is un investable...
Debt is growing and they are maxed out on bank facilities..
Big opportunity for SCS here.
Poor set of results from dfs today, plus their challenging forward view will account for weakness in scs.
Looks like Stadium are not sliding away as quietly as they'd hoped thanks to the neurotic MM's.
If management only buy 18,733 shares per day, they'll never spend that £7m down at these prices. Have they not heard of dollar cost averaging? I think I'm buying more than them.
Probably so they can now sell heavier without any further RNS alerts, thus somewhat protecting their sell price.
any reason why someone would sell 0.01% to take them from 5% to 4.99%?
Big purchases of shares by Huntington Management, LLC on 22 July and 26 August taking them to over 10%. I wonder if this is a prelude to a takeover? On a forecast PE of just 5 for a growing business, and £71m of cash on the balance sheet compared to a mkt cap of just £57m, this company is a steal.
People will keep buying sofa's and carpets on the cheap scs finance deals... People are bored of hardship and like spending money!!
Can you share/copy and paste the article? Thank you.
Given all the profit warnings being made and disappointing updates, I think SCS continues to look strong. Their earnings over the long term should be relatively stable and predictable. They have a good fundamental business model (negative working capital). They will be offering a total 13.5p dividend this year (if interim 4.5pm and they are planning a 1:2 split), in addition to an ongoing £7m buyback (when announced this equivalent to a 10% yield, but now the market cap is lower and less than half the buyback has been completed, so this yield is further enhanced).