Benjiben and dalooks122 Aug 2013 17:47
Benjiben and dalooks
My view is this, there is more to this company than just the retail outlets in the UK let’s not forget the wholesale side and ASOS selling FCCN brands and now the recent tie up with C banner and United Nude for Hong Kong and China sales.
Stephen Marks may nearly be 65 but he is a clever man and has a wisdom that comes with age he will not want his legacy to be that of a failed company.
I believe he is already turning it around, it’s a process and it all takes time, the non performing shops will disappear as and when the leases come to their natural end.
If he could have ended them sooner he would have but the landlords wouldn’t let him as FCCN is cash rich, and the landlords wanted their rent, however the company will over time become more profitable,
The latest add campaign is modern, innovative and forward thinking.
The new finance director should start to make an impact also.
AS Dalooks said he may sell it to venture capitalist but as a “strong brand” and agreed if that happens the SP will rocket.
This share is a recovery buy with associated risks but all of the stock market has risks. I have a small holding which I am happy to sit on for the next couple of years,
I am not going to trade it on the highs and lows, I will just give it time.
As a PS
On the 10th of February 2012 I bought into Thomas cook at 14p and now its £1.47 Sadly for me I sold out at 38p but was happy enough to have more than doubled my money.
Thomas Cook could have course gone bust, so it was a risk.
Like many shares, particularly recovery buys it’s not about timing of when and how you buy or trade them, it’s more about time!!
Good luck all