SMCP : Conference call feedback: the worst should be avoided but the COVID-19 impact will be severe
>Key points from the conference call on FY 2019 results - Comments on the share’s reaction yesterday: the stock gained +14.6% yesterday, over and above a favourable comparison base, we think that this stems from management’s reassurance on the group’s cash position: having drawn on its RFC, the group had a cash position of more than € 200m on its balance sheet 17 March (vs an average of € 50m over the year).Shandong Ruyi (majority Chinese shareholder), in financi...SMCP is engaged in the apparel and accessories retail market. Co.'s products are sold through a network of points of sale and websites. Co.'s product range is composed of on-trend and quality womenswear, menswear and accessories. Co.'s three brands can be characterized as follows: Sandro, targeted at sophisticated and self-confident women with a sleek, cool sense of style and a Parisian nonchalance; Maje, a bohemian chic positioning, targeting a feminine and young-at-heart and joie de vivre clientele and Claudie Pierlot, characterized as Parisian-preppy, wise and with a rebel touch. Claudie Pierlot is focused on a timeless, effortless style.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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