John Lewis Share Price (JLH)

I am out, actually. The fact they only managed £3.33m sales in six months to Dec 2020 is pretty weak. There had been figures thrown around that they were seeing a big increase in enquiries and quotes ... every other home improvement company seemed to do very well in final half of 2020 ... even with Nov lockdown, you'd have expected some improved performance, but they still just churned out the same as 2019 (approx).

This I beleive is this coming week and with the shops due to open on Monday 12th and it will be interesting to see if we get a further update. I still feel JL could pass his holding on but if not it looks as if we have a sporting chance that management can drive us forward. Any thoughts tollbar?

Very positive interims and potential looks good. Well done the management.

That's correct figures to 30 June '20 to be announced by the end of March but I wonder what has happened during the past 9 months. Money in the bank yes, but we need to pay areas of VAT and PAYE. Are we large enough to continue with a listing ? Why did the Directors have to put their hands in their pockets recently for a few thousand if there is cash in the bank? I really think we need to consider that the company as we know it could be somewhat different in six months time, or at least heading that way. Pity.

I'm sticking with my analysis from back in October:

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At first glance, you'd think this business was toast. £800k market cap, below last report of net assets
But, they have £1m in the bank still and surely worst is over?
YoY sales for Q1 of Y/E 30/6/2021 up by 23% (according to Pre-Close Trading Update from Sep 2020)
20% sales increase would get to around £9m revenue
48% GM = £4.3m
Looks like they have around £3.5m overhead now (from guidance in same update)
=> EBITDA of £800k for FY 2021?
Market cap now is only £800k
Very significant risk of whole business closing and share going to zero ... but if people don't go skiing this winter might they buy a new kitchen instead? ... worth a punt?

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We'll find out soon enough, they need to file accounts by end of March, and presumably there will be an indication of recent trading then, too. It'll either be curtains (share price zero), or prospect of an actual profit in 2021 (share price rockets)