Market's view on Quiz
Published on April 2024
- The company is facing severe criticism due to its financial instability, with concerns about its ability to survive in the market.
- There is a general consensus that the company’s stock price might see an increase to 15p this year, while others believe topping up at 3p is advisable.
- A new franchise agreement in Saudi Arabia with Abdullah Al Othaim Fashion for QUIZ stores is seen as a positive move to accelerate growth through refurbishments and new outlets.
- Skepticism remains about the company’s strategy, comparing it negatively to competitors like ASOS and noting a significant 12% drop in revenue.
- Concerns are raised about the company’s financial management, particularly its heavy investment in a distribution centre without clear profitability or efficiency gains.
- Observations indicate that the company might be oversold in the market, though it is also viewed as fighting for survival.
- There is a notable presence of large buy orders on L2, suggesting some level of investment interest, though overall market sentiment remains cautious.
- Comparisons with Boohoo highlight the company’s poor performance, classifying both as undesirable investments.