Member Info for Korg

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.

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

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.

this is the right thing to do, buy your assets back, then "renegotiate" leases. (Read close all stores).

were going online only guys!

crazy times, crazy values

Plenty of buyers today at cash value. China CV cases reducing gives hope imo

I'm saying dyor in this market. I have a buy order in now. Online sales are up and should continue to rise, but another 12 -18 months before they can offload more shops/renegotiate rents.

priced at cash usually means priced to buy, but we are in unique times.

if they sold hand sanitizer id back up the truck!

This is WAY ahead of fundamental value. Held these on and off for over 10 years. When a company gets talked up by a bunch of share bloggers and the BOD start selling then its time to move on imo. Could do a few more pecent but looking high risk/reward now. Not doubting the tech though, the reason i bought years ago.

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.

Toyota made all its H2O technical info open source about 2-3 years ago.

That means lots of startups going to be producing FC tech, ie lots of competition.

both up, their valuations make quiz look cheap imo with 10mil cash and rising

was hoping to buy @ 12p, but with £10mil cash and a £20 mil mcap seems cheap enough now. ASOS and boo moving up .

GREAT START to the new year, moving in to 2020 with confidence imo.

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

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.

good read across from next imo.

good news for the High street

oh, and they have to raise funds, that mean dilution.

so no holdings increase runs, peaks volumes imo