Quiz (QUIZ)

Sector:

Retailers

Index:

FTSE AIM All-Share

5.35p
   
  • Change Today:
    -0.63p
  • 52 Week High: 16.05
  • 52 Week Low: 5.06
  • Currency: UK Pounds
  • Shares Issued: 124.23m
  • Volume: 808,271
  • Market Cap: £6.65m

Quiz extends banking facilities as it reviews Covid-19 scenarios

By Michele Maatouk

Date: Tuesday 21 Apr 2020

LONDON (ShareCast) - (Sharecast News) - Fast fashion retailer Quiz has secured an extension to its existing banking facilities with HSBC while it reviews potential trading scenarios during the Covid-19 outbreak.
The company's banking facilities, which were due to expire on 23 April, have been extended until the end of July.

"As previously announced by Quiz, the group is continuing to take steps to preserve cash by eliminating non-essential spend, postponing capital projects, substantially reducing stock intakes and deferring payments wherever possible," it said.

"Given the ongoing uncertainty regarding the duration of the Covid-19 outbreak, the board is undertaking a review of various potential short- and medium-term trading scenarios and has therefore sought to extend its existing facilities while this review is undertaken."

Quiz expects to provide a further update on its longer-term banking facilities towards the end of June.

The company said it currently has an overdraft facility of ?2.0m and a working facility of ?1.5m that will remain in place until the end of July 2020. In addition, as at 20 April, it had net cash of ?6.0m.

Chief executive officer Tarak Ramzan said: "We are taking the actions needed to preserve cash and manage liquidity throughout this unprecedented and challenging period in order to ensure that Quiz remains well positioned to deliver its strategic plans over the longer term."

Last week, Quiz announced that it had reopened its online operations following the implementation of a number of safety measures.



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Quiz Market Data

Currency UK Pounds
Share Price 5.35p
Change Today -0.63p
% Change -10.46 %
52 Week High 16.05
52 Week Low 5.06
Volume 808,271
Shares Issued 124.23m
Market Cap £6.65m

Quiz Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
85.37% below the sector average85.37% below the sector average85.37% below the sector average85.37% below the sector average85.37% below the sector average
Income Not Available
Growth
Market averageMarket averageMarket averageMarket averageMarket average
80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Quiz Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Feb-19 16-Aug-18
Paid 14-Mar-19 14-Sep-18
Amount 0.40p 0.80p

Trades for 28-Mar-2024

Time Volume / Share Price
13:34 3,422 @ 5.49p
12:41 100,000 @ 5.35p
12:41 100,000 @ 5.35p
12:38 235 @ 5.50p
11:41 3,729 @ 5.37p

Quiz Key Personnel

CFO Gerard Sweeney
CEO Sheraz Ramzan

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