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ScS Group

April 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • SCS
  • Price:
  • 207.5p
For the six months to 31 January, sales were up 15% to £132m with a £3m pretax loss. The loss mainly arises from the fact that ScS records sales when a customer takes delivery of their sofa and consequently orders taken in the peak months of December and January don’t get delivered and booked as sales until H2. Compounding this has been the fact that ScS took advantage of the better retail environment by spending more in three areas: marketing, the upfront cost of taking on 31 House of Fraser concessions, and also running a “free carpet with a sofa” promotion to build up its share in carpets. Flooring sales of +12.7% versus sofa sales + 8.3% were as expected, with cash up to £26m including £19m f ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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