From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Quiz plc – argues on sourcing standards “understands the critical importance”… so why having to be “very grateful to the press for highlighting… alleged breaches”?

By Steve Moore | Monday 13 July 2020


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Previously writing on fast-fashion company Quiz plc (QUIZ), last month I noted with the shares at 7.5p with its retail store portfolio uneconomic anyway, “Restructuring” utilising COVID-19 excuse – concluding noting “is in discussions with regards to securing a longer-term bank facility”. With a viable business still needing to be demonstrated here, despite the prospective release of various liabilities, at this juncture I certainly continue to avoid. Now a “Response to Media Reporting” announcement, commencing “QUIZ is extremely concerned by information recently reported in the media regarding an alleged instance of non-compliance with National Living Wage requirements in a factory making QUIZ products in Leicester”...

Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

CTAI

Catenai – monster dilution

Time left: 20:13:56