Anyone out there with an interest in 4Less Group? SP has taken a battering but has seen some strength recently and the 20/40 DMA crossover looks appealing, should it hold. The company has an interesting niche, taking business from the large banks which if successful could lead to either a) a growing business model in its own right or b) an offer from one of its current prey.

well these are profitable from jan 05 according to interim statement.

A company has just bought 9% of 4 Less

& broker forecast is 6.3p for 2006.


And they are cash rich. 1.3m last Sep.


Losses have been plugged and turned to profits since the interims.

Mkt cap of 2.2m, with net cash is cheap.

Well I'm in at the moment 307059 and currently showing a loss but looking at the long haul and I still think this one will do very well. Your figures back up this view. Are you in?

Yes, bought 60,000 at prices upto 29p.

Well done you!

up 7p today so far, much more to come with eps forecast 6.3p

results out today

A 30% rise - now that's a good day!

just checked digital look and forecast for 2007 on that site is 19p eps.

Splendid - and up 16% again so far today. Things are certainly looking up! Pity only the two of us have taken any notice of FL.

I still think these are good value, after first quarter earnings appear to be on target.

A write up in the Sunday Times revealed:

Corporate Synergy, the house broker, cited confidence in its forecasts and flagged stakebuilding by Ekwienox, which holds 9.1 per cent.


The forecast is for earnings of 6.3p for this year, compared with a share price of 42p, leaving the prospective p/e at 6.6


They have net cash in the balance sheet & excellent cash flow, often upto about 7m in hand, compared with a market cap of circa 3m.


Another indicator for me is that after the poor acquistions by the previous 'weak links' the new management team are indeed again looking at acquistions, another sign to me that the group is now on a firm footing.

The ticker is FL. & they are on AIM, it should be regareded as speculative & the liquidity isn't the best, but all small companies suffer that in their early stages of growth.

I still think that one of the high street banks could look to gobble them up as consolidation in the sector gets tougher. FL. would offer further revenue streams sometime down the line.