It’s time for another reference to share blogging supremo Paul Scott, who wrote in some detail on the subject of French Connection yesterday. While I share much of his perspective on this, I wonder if the bulls here might not be overly confident in their belief that the company is safe.
There are not many fashion choices for middle aged men who don’t have a middle aged physique, and a surprising choice on the suits from comes from French Connection.
But it would appear that even for people like myself, there could be salvation in the form of a decent suit from French Connection and a look at the share price prospects.
Shares in French Connection (FCCN) are up this morning on a positive trading statement. I was not expecting a statement but the positive news needed to come out. For the period from August to November retail L4L sales were off 5.7% but that was against a very strong comparator, wholesale sales were up 9% and margins also improved – that is good going when one looks at other retailers.
As my twitter followers know I was in here at 30p French Connection (FCCN) is one of only two oilies in my portfolio. I will reveal the other one shortly. When it comes to non-oil stocks I will only go for potential multi-baggers and French fits the bill. This would be an excellent long term hold for your SIPP or ISA because it is debt free, trading below its net asset value and 40% of the market cap will be in cash by Christmas.
Underneath my classic value investor coat there is a contrarian value investor trying to get out. As such when I see deep value I want to buy it. Conversely when things go well I feel is time to sell.








