ScS shareholders are sitting pretty
Based on 43.2p per share of total cash returns, 24.7% is the equivalent percentage return investors have enjoyed from ScS (SCS) on its 175p IPO issue price since it re-listed on the stock exchange in January 2015.
While the consumer backdrop is becoming tougher for big ticket retailers, the ‘Sofa Carpet Specialist’, which went into administration in 2008, is proving resilient. Full year results (3 Oct) revealed growth across all areas of the group for the third year in a row, while strong cash generation underpinned a 1.4% total dividend hike to 14.7p.
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