The market leading retailer of living room and upholstered furniture in the United Kingdom.
Preliminary Results For The 52 Weeks Ended 29 July 2017 – This doesn’t look good to me (even taking into account the Special Dividend).
I would expect some downside here this morning.
8-Feb-2018 – 192.2p – £406.8m – PER 9.99
Trading Update For The 6 Months To 27 January 2018 – LFL Sales up 4% (but down 3.5% if measured without the sales of recent acquisition Sofology). Expecting a stronger LFL H2. Expect conditions to remain challenging but FY expectations are unchanged.
The reasonably well covered Dividend (circa 6%) is attractive but I’m just not interested.
28-Mar-2018 – 170p – £359.8m – PER 8.75
Results For The 26 Weeks To 27 January 2018 – In-line, Interim Dividend maintained – Market continues to be challenging.
That Dividend (surprised it’s been maintained to be honest) at 6%+ is attractive but I still can’t get myself interested here.
12-Jul-2018 – 198.6p – £420.4m – PER 10.3
Trading Update –Looks like more bad news in a challenging environment.
I remain on the side-lines here.
4-Oct-2018 – 210p – £444.5m – PER 11.4
Preliminary Results For The 52 Weeks To 28th July 2018 – It’s just all a bit messy, the hot weather in Q4 taking the brunt of the blame. At least the Total Dividend is the same as last year.
I remain on the side-lines here, not attracted at all at present.
10-Jan-2019 – 205p – £434.9m – PER 10.1
Trading Update For The 5 Months To End December 2018 – Good underlying Revenue growth of 10% in a challenging consumer environment – FY Profit expectation unchanged. CFO is leaving (seems friendly enough).
I can’t get excited here at all at present.