The company issued a very bullish outlook for the rest of the year, driven apparently by very strong trading in Q3 so far. We frankly struggle with the

Ouch, those sales figures are low. But on the flip side, management have held up margins and markdowns, so that EBITDA is pretty much on

Yesterday, Matalan announced that Jo Whitfield, the CEO, is leaving the Company.  Over the past few months, we have become increasingly

Please find our updated analysis of Matalan here.

As flagged following last week’s call we have been disappointed by the results and are concerned about the business over the coming year. There have been warning signs

Please find our unchanged analysis of Matalan here.

Matalan follows up its disappointing Q4 with a more disappointing Q1, where the cost position was even a little better than forecast, but revenues again fell short of our forecast,

Please find our updated model for Matalan here.

2024/25 will be a challenging year. The company is facing a mountain of cost increases it has to overcome. On top of that, management are so bold as

Matalan reported a strong Q324 today - £5m better EBITDA than we had projected. More importantly, we had expected the company to kitchen sink Q4 with

We have been covering this name for a very long time, long before we added videos to our platform. So to bring the name in line with

Please find our updated analysis of Matalan here.

Fundamentally, Matalan maintains its steady position in UK apparel retail, neither growing nor shrinking over the past 20 years, and gained market share during the pandemic as competitors exited. The low-price sector remains insulated from online

The retailer had a strong underlying quarter. Volumes were down but planned for, such that inventory is at -16% YoY. Average sales price was up 16% in return, yielding

Matalan has paid its coupon in cash. We generally regard this as a positive sign the company is

Please find our significantly updated analysis of Matalan here. 

I’m an alum of the University of Chicago and so - believe me - markets are efficient. Well, almost. If exceptions define the rule, Matalan should be a case in point. The retailer has gone

The first results after restructuring are rarely good for any company, but it’s hard not to feel a little disappointed with zero EBITDA. Apparently,

Strange going-ons at Matalan where the company chose to pay cash coupons, but is now drawing the additional

The retailer has notified the market in line with previously communicated timing that its restructuring has been

Please find our updated analysis of Matalan here.

While we are still chasing unexplained cash outflows of £30m in Q4, we are comfortable with the retailer’s overall position and the future economics we have lined up for. Quoted prices for the bonds today are net of value that has been attached to other notes, but

Please find our unchanged analysis here. An update will follow shortly.

As per this morning, there was nothing in the release that would have changed our view today - nor the way we would like to be positioned. We are not sure why the release comes so late - today being the last day and there seems to be plenty of confusion in the market as to which

Quite some detail has of course been leaked already, but we are at this time still eagerly awaiting the company’s cleansing statement. On Friday, quotes for