...or a couch potato for that matter. The reason being that I'm getting of the sofa to bank a decent profit that I have made in SCS Group (SCS) which I wrote up a few weeks ago when I looked at some cheap but low quality retailers. I did take a small position in this one in the end for a trade, although at the time I said it was probably not a long term holding.
With the shares ex the 11.2p final (worth 5.74%) I'm jumping off the sofa to bag a tidy trading profit and decent total return, despite the fairly horrendous spread of around 5% on this one!
Looking at the chart the fall on the xd today has brought the price back towards its 200 day moving average which might provide some support and could therefore perhaps maintain the nascent up trend. I also note that there is still potential to close the gap which opened up at around 220p.
So as consumer spending seems to be on the up on the back of increasing real incomes then may be this one could still have a bit of mileage in it yet given the 11x PE and 8% plus yield, although as I said I would rather bank my profit now than take the risk on their all important Christmas and New Year sales period, but who know if this goes well then maybe it could see some upgrades and get to 220p.
Any way that's all I have to say on this one other than to leave you with a couple of adverts. The first one is from ScS in which they seem to be claiming to be 40 years old I assume, although I'm pretty sure they went into administration not so long ago. So not sure how that works apart from somebody having bought the name from the receivers perhaps?
After that is an alternative way of selling furniture with Skippy - enjoy, I've got to hop off now and do some exercises, so you see I'm really not being a Lazboy!