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Even a few of our detractors have now come around
Previously writing on “fashion brand, specialising in occasion wear and dressy casual wear” Quiz (QUIZ), in January I questioned it having funds to “support the business’s initiatives”. Today a trading update…
‘Fast fashion’ company Quiz (QUIZ) has announced results for it half-year ended 30th September 2020 and that “as at 25 January 2021, the group had £3.0 million of cash and £3.5 million of undrawn bank facilities. This will support the business’s initiatives to further diversify the product range and ensure the group is well positioned to respond to an anticipated increase in demand for its core occasion wear offering in due course”. Will it?…
Fashion retailer Quiz plc (QUIZ) has updated including it “is encouraged by the consistent improvement in like-for-like sales in recent weeks” and “rental terms for the reopened stores are consistent with those targeted by the group. They provide a flexible cost base going forward with rents payable predominantly based upon revenues generated rather than previous higher fixed rental arrangements. The average lease length on these stores is 24 months” – and the shares have currently responded to 8p, more than 7% higher…
Previously writing on “occasion wear and dressy casual wear”- specialising Quiz plc (QUIZ), last month, with the shares at circa 17p, I concluded ahead of a further trading update with regards to the six-month period to 30 September 2019 on Friday 11 October that I retain prior bearishness on the shares. What now the update has been delivered?...
