roma
- 19 Oct 2004 11:35
This company just seems to increase profits every year, no wonder. I was out shopping with my wife weekend,and just by chance,looked in the shop as we went by,it was packed. It made me look it up when i got home,and buy a few shares.
They do have a big spread but every now and then,close it right up. DYOR
goldfinger
- 14 Mar 2011 09:07
- 13 of 50
Exactly FCCN is way undervalued.
cynic
- 14 Mar 2011 09:42
- 14 of 50
i'll put on watch, but doubt i'll be tempted unless it's to sell before the results ...... bought back into TW. this morning which has not been too dumb
==========
FCCN
4p spread?
is that the norm?
minimal volume
can't see that this is even a good trading stock
goldfinger
- 14 Mar 2011 11:27
- 15 of 50
4p spread???. no chance.
goldfinger
- 14 Mar 2011 15:06
- 16 of 50
Historical article which shows the potential of FCCN....
French Connection lifted as shake-up pays offBy Daily Mail Reporter
Last updated at 3:18 PM on 4th February 2011
Fashion chain French Connection said on Friday that it expects annual profits to beat expectations despite the challenging trading conditions.
The retailer said pre-tax profits for the year would be at least 6.8million, marking a significant improvement compared to previous estimates for profits between 2.6million and 5.1million. (UPDATED again))
The upbeat update sent shares soaring 22 per cent, up 14.8p to 83.7p, as analysts upgraded their forecasts for this year and the next one.
Recovery: French connection expects annual profits to be higher than previous forecasts
The improved performance follows the companys decision to launch a restructuring drive after it posted bottom-line losses of 24.9million last year.
The shake-up saw the company sell its loss-making Nicole Farhi brand and shut down its Japanese business as well as some stores in North America and Europe.
More...French Connection share price {thisismoney.co.uk}
Stock market predictions: What next? {thisismoney.co.uk}
Key brands help Dairy Crest to deliver strong third-quarter sales
Chief operating officer Neil Williams said: We are very happy with the restructuring we have done and that will allow us to concentrate on our core business.
He added: It's too early to say how 2011 will go but we feel that if we can produce some really good product there will be demand for it.
The surge in profits is down to wholesale outlets and licensing, while the groups own stores, which account for about 55 per cent of revenues, have fared in line with previous guidance in November, when sales fell by almost 8 per cent.
The company has also been boosted from a series of profitable licensing agreements, including a $10million (6.2million) deal with Hong Kong-based exporter Li & Fung that will see clothes and other goods carrying the slogan 'UK Style by French Connection' sold in Sears stores for the next four years.
The update prompted analyst Andrew Wade, of Numis Securities, to up his profits forecast for the year to January 2012 to 8.2million from 7.5million.
He said: Despite our expectation that 2011 could be a challenging year for the sector we believe the momentum being built up at French Connection, boosted by the 1.5million benefit of the Li & Fung deal, should see the business continue to make good progress.
Read more: http://www.dailymail.co.uk/money/article-1353711/French-Connection-lifted-shake-pays-off.html#ixzz1GaQEW8bB
goldfinger
- 14 Mar 2011 15:17
- 17 of 50
cynic
- 14 Mar 2011 15:24
- 18 of 50
not mine!
goldfinger
- 16 Mar 2011 08:02
- 19 of 50
Tharashed concensus estimates, more to come.
goldfinger
- 16 Mar 2011 08:11
- 20 of 50
latest updated predections from Hemscott premium..... Concensus was for #ADVFN $FCCN
http://t.co/dmpU8dD
cynic
- 16 Mar 2011 08:41
- 21 of 50
currently +2.5p on volume of just 14,000 ...... i'll say it yet again - this stock is not for trading, not least because market clearly far too thin and the spread regularly ridiculously wide
goldfinger
- 16 Mar 2011 09:01
- 22 of 50
Commenting on this announcement, Stephen Marks, Chairman and Chief Executive of French Connection said:
"I am delighted with the significantly improved performance for our latest financial year. We have achieved a considerably higher profit from the core continuing operations, notwithstanding a period of major change for the Group and challenging market conditions. I am looking forward to growing the business further from the solid foundations generated by our recent reorganisation and I believe there are many opportunities for the Group to create further value for shareholders in the future."
"The proposed increase in final dividend reflects the Group's profitability and cash generation and the Board's confidence in the future. It is the Board's intention to increase the dividend in the future in line with increases in profit."
"The French Connection brand is recognised all around the world and generates over 400 million of sales at retail for us and our partners. With our business back on track we are focused on creating great products that stand apart from the rest and reflect the enormous fashion heritage inherent within the French Connection brand."
"The current economic environment is clearly difficult and it appears likely that it will remain so in the coming year. However, I am confident that we have the people, infrastructure, drive and brand strength to build further on the growth we have achieved."
goldfinger
- 16 Mar 2011 09:23
- 23 of 50
FCCN storming away going on for 8% increase on results.
cynic
- 16 Mar 2011 09:34
- 25 of 50
and live sp 124.5/128.5!!
goldfinger
- 16 Mar 2011 14:47
- 26 of 50
Yep but uits been a lot tighter than that . less than 1p at one stage today.
goldfinger
- 16 Mar 2011 14:47
- 27 of 50
goldfinger
- 17 Mar 2011 10:21
- 28 of 50
BRIEF-French Connection sees analysts nudging up forecasts
16 Mar 2011 - 07:58
LONDON, March 16 (Reuters) - French Connection Group PLC :
* COO says expects analysts to nudge up 2011/12 profit forecast, house broker
was on 8.3 million STG
* COO says uk/europe retail like-for-like sales have continued down around 6
percent
* COO says looking to expand with partners in mideast, east Europe, and to add
wholesale accounts in uk/europe
goldfinger
- 23 Mar 2011 16:25
- 29 of 50
March 23 (Reuters) - French Connection Group PLC: Finncap raises French Connection target price to 125p from 90p FCCN.L
cynic
- 23 Mar 2011 19:51
- 30 of 50
sorry sticky, but big deal!! .... that is below the level at which you were recommending a few days ago
goldfinger
- 09 Apr 2011 12:18
- 31 of 50
FCCN
SCSW spelling it out for punters today re international brand, rocketing wholesale etc.
From SCSW today, nicked this from across the road
Re wholesale:
"Sales to John Lewis and internet based e-tailers such as ASOS increased substantially during the year and continue to show growth. Spring/Summer orders delivered in January were up c.15%. Winter 2011 forward orders are also running well ahead and the general expectation is that UK wholesale is going to record another year of double-digit growth"
Wholsale margins are way higher than retail.
cynic
- 09 Apr 2011 18:24
- 32 of 50
i know i am renownedly thick, but i always thought FCCN was a retailer! ..... as such i wouldn't go near it as uk high street mid-price fashion is dire - just look in your own town,; you don't need to be a genius