Jessops Share Price falls below £0.01

EdinburghGary said:
Do you still work for them mate? I hope all goes well...

:(

Gary.
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Yeah yeah. Not out of choice. The pay is crap, but I enjoy it and I get to spend time talking about and playing with my hobby, so it's not all bad.

No where else is employing. I was looking for somewhere with flexible hours, overtime, and better pay. Didn't mind what the job was.

Kev, in all fairness, I'm not surprised they didn't open up a new SD card for you to look at. We always have some around to use for demo so it's different circumstances.
 
I've always had good service, I've bought most my bodies there, D70, D80, D200, D300 (thankful for their return policy on that one!), quite a few lenses too, Nikkor 50mm f/1.4 AF-S just recently in fact.

I can always talk them into a good price as well generally :)
 
Flash In The Pan said:
Currys aren't really comparable to Jessops with regard to camera sales, they only stock the cheaper models in the most popular ranges and the cheapest, consumer-level lenses.
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That's not the case at Wednesbury Branch Of Currys, they have everything on show from 1DSMK3s and Nikon D3s downwards with a lot of quality glass on show too, as well as a big range of accessories. There was a Canon rep there dancing attendance on customers too. The prices weren't half bad, and he did say they would price match, but not internet prices. It's a bit of a flagship store, but it seems they've seriously entered the camera market with DSLRs from all brands on show.
 
CT said:
That's not the case at Wednesbury Branch Of Currys, they have everything on show from 1DSMK3s and Nikon D3s downwards with a lot of quality glass on show too, as well as a big range of accessories. There was a Canon rep there dancing attendance on customers too. The prices weren't half bad, and he did say they would price match, but not internet prices. It's a bit of a flagship store, but it seems they've seriously entered the camera market with DSLRs from all brands on show.
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Ooh what I'd do to get a couple of 1DS and D3's into our little store :D
 
CT said:
That's not the case at Wednesbury Branch Of Currys, they have everything on show from 1DSMK3s and Nikon D3s downwards with a lot of quality glass on show too, as well as a big range of accessories. There was a Canon rep there dancing attendance on customers too. The prices weren't half bad, and he did say they would price match, but not internet prices. It's a bit of a flagship store, but it seems they've seriously entered the camera market with DSLRs from all brands on show.
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I'm not surprised that branch (if it's the one I'm thinking about in the retail park just off the motorway) has stuff like that, I remember going in on the way back from the NEC and being amazed at the variety of stock (I was looking for a hi-fi at the time) that we just don't get up here.

They opened a new Glasgow store with a fairly well stocked dslr selection, but they still didn't have anything much above a Nikon D80 pricewise and now I don't think they even go to that price level. Some of the other Currys branches up here don't stock dslrs at all....
 
Does anyone know how serious things are for Jessops at the moment? Part of me is just glad that the insurance is with a 3rd party, but I would be quite disappointed if it went. Perhaps I will drop in the store tomorrow and take a look at sale items...
 
Flash In The Pan said:
I'm not surprised that branch (if it's the one I'm thinking about in the retail park just off the motorway) has stuff like that, I remember going in on the way back from the NEC and being amazed at the variety of stock (I was looking for a hi-fi at the time) that we just don't get up here.
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That's the branch - just around the corner from me. They've totally refurbished the store in the last few months, and the camera display is part of the new set up. Whatever you're looking for, there's now a bewildering choice - it's pretty impressive.
 
toto8462 said:
Does anyone know how serious things are for Jessops at the moment? Part of me is just glad that the insurance is with a 3rd party, but I would be quite disappointed if it went. Perhaps I will drop in the store tomorrow and take a look at sale items...
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I think the banks have refinanced the debt until 2011 then who knows, but it's looking like costs are rising and they may pull the plug a LOT earlier.
At .85 share they must be trading at or near the cash value of the company.
I went into our local store a few weeks ago between jobs. Stock was OK if you wanted a tripod, but from what I could see, past the staff sitting on the counter, the stock levels were really low. The store has lots of floor space and looked really empty.

I've tried to get a relationship with Jessops over the past few years but they always didn't seem very interested in my business :thinking:
 
Kev said:
I had a mixed response at Jessops. I was speaking to a knowledgable helpful sales guy who was showing me around a Canon, I was interested in it and asked to put a card in it to shoot a few frames. They didn't have a good SD card on demo and the person in charge wouldn't let the salesman open one. Result?, one potential customer walking out of the shop.
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That's an attitude I don't understand, how on earth can not being allowed to take a bad picture of the back of a shop window put you off buying the camera :shrug:

surely being able to handle the body should be enough for you to decide if you want to buy it :shrug:

I wouldn't have made a SD card unsaleable by opening it on the off chance you'd have bought the camera either

When I bought my D300 (the only camera I ever bought new) from jessops I went in, had a look at it,handled it decided I liked it handed my money over and walked out, 5 mins max.

I don't believe anybody on these forums doesn't know what they want before they go in
 
andrewc said:
The main Norwich store has recently been re-organised. They've got so much wasted space now. 6 DIY printing terminals down one side with a few printers, A wall of display cases for dSLRs and compacts. The centre which used to have a few island shelves with all sorts of useful stuff is now just lowepro bags.
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That sounds very much like the last time I went in the Manchester store, They don't seem to have fully learned their lesson yet.

They should not bother with the diy printing terminal, as 90% of the type of person who would use them are more than likely to get their printing done a tesco or asda while on the weekly shop.

Jessops have to become a much more serious photography shop if the want to survive, dump the compact completely and get more into the expanding dSLR market.
 
wack61 said:
That's an attitude I don't understand, how on earth can not being allowed to take a bad picture of the back of a shop window put you off buying the camera :shrug:

surely being able to handle the body should be enough for you to decide if you want to buy it :shrug:

I wouldn't have made a SD card unsaleable by opening it on the off chance you'd have bought the camera either

When I bought my D300 (the only camera I ever bought new) from jessops I went in, had a look at it,handled it decided I liked it handed my money over and walked out, 5 mins max.

I don't believe anybody on these forums doesn't know what they want before they go in
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At that time I'd not heard of TalkPhotography let alone joined a forum and I had only a limited knowledge of DSLR so was really looking for info on what to get next. They had 3 cards but none of them would work in the camera and I did want to see the end result on their computer before I parted with the thick end of a grand.
I know a lot more now but at the time it was a very different story, the salesman was great but hadn't convinced me to part with the readies.
 
CT said:
Geezus! If Jessops go under they're going to leave a huge photographic vacuum most major towns and cities.
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Certainly will in Ipswich as they are now the ONLY shop (i don't include PC World or Dixons attempts here in that). The local specialist closed a few months back :(
 
CT said:
That's the branch - just around the corner from me. They've totally refurbished the store in the last few months, and the camera display is part of the new set up. Whatever you're looking for, there's now a bewildering choice - it's pretty impressive.
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Same in Cardiff, we had 2 small stores, now have 1 large one, with a pro section upstairs, it's actually pretty damn good. It's been completely renovated and a massive section downstairs. One problem = Crap location. Jacobs are now on the main high street and look popular with walk ins.

Food poison - All the best with the job.
 
The only time i ever go to jessops is to try out lenses and ask questions, half the time the stuff is over priced however if its expensive and i like it i normally get it on finance like buy now pay later, thats the only reason i use jessops.
However if this gets any worse i wonder if their sale might be worth looking at, as their current sale was rubbish!
 
A few are say in that their sale was rubbish, maybe they were ahead of the game and have not over stocked and so do not need to have massive discounts and sales to survive.

Next and Debenhams have both posted similar drops in sales when looked over the same time period, yet Debenhams had pre Christmas Sales at 50% and Next had no pre Christmas sale.

A massive sale can be the sign of bad stock control and poor reading of the current market.


I hope Jessop continue and thrive, at the end of the day they are VERY well know and bring photography into the mainstream which can only be good for us all.
 
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Kev said:
I know a lot more now but at the time it was a very different story, the salesman was great but hadn't convinced me to part with the readies.
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Stoke On Trent to Brixham, they must really have ****ed you off in Jessops, that's about as far as you can go from stoke without learning a foreign language :D
 
mak1 said:
Certainly will in Ipswich as they are now the ONLY shop (i don't include PC World or Dixons attempts here in that). The local specialist closed a few months back :(
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Dixons have a shop in Ipswich? I thought it was an online-only brand now, all the stores up here were rebranded as Currys long ago...
 
danbriant said:
However if this gets any worse i wonder if their sale might be worth looking at, as their current sale was rubbish!
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All depends on what you were looking for in the sale. Some of their sale lenses are good value atm. :)
 
danbriant said:
However if this gets any worse i wonder if their sale might be worth looking at, as their current sale was rubbish!
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I picked up a Sigma 70-200mm F/2.8 EX DG Macro for £371 from jessops so there were some bargains there.
 
Please, can we NOT keep going on about whether Jessops are in trouble?

This whole thread is based on a false premise. Jessops share price is currently about £1.10 and the lowest it has been in the last 12 months is 85p. Nowhere near 1p.
 
StewartR said:
Please, can we NOT keep going on about whether Jessops are in trouble?

This whole thread is based on a false premise. Jessops share price is currently about £1.10 and the lowest it has been in the last 12 months is 85p. Nowhere near 1p.
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.
 
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sdb123 said:
Maybe the OP needs to understand how to read share prices or at the very least alter the post.
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And maybe everybody else who has contributed to this thread needs to check their gullibility settings.
 
I've already suggested that the mods delete the entire thread. We really don't need people speculating about Jessops imminent demise based on such a wildly inaccurate report of the share price, and you know how rumours spread like wildfire on the Internet and can become self-fulfilling.


MOVE ALONG, MOVE ALONG. NOTHING TO SEE HERE.
 
If Jessop's share price is currently about £1.10, then HOW did someone buy 60,000 at 12:53 today for only £660.00?

Follow the link in #64 and check the recent trades halfway down the page.
 
Afraid the OP is right, the 1.10 is 1.10p or £0.011 per share and the lowest was £0.0085 per share.

ALL share prices are uoted in Pence not pounds.
 
"Do you have any money at all?
Buy a lens from Jessops, keep all the packaging, use it until you get a new lens, and return it under the 28 days exchange and returns policy"

Can't imagine their staff giving customers this kind of advice has helps business :)
 
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Share prices in the UK are quoted in pence, not pounds.

Thankyou StewartR, but my the premise upon which this thread is built is perfectly sound.

Jessops Share Price here.

Marks & Spencer Share Price here.

...do you want to try and argue that M&S shares are £245 a share?

StewartR and sdb123, in the future please do some research before posting defamatory comments about other members.
 
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AS YOU WERE.

I think I'm the one who needs to double-check and examine my gullibility filters.

The BBC share price site shows the Jessops share price at 1.35p. Any doubt about whether that's pence or pounds is dispelled by looking at other data there, such as the British Airways share price which has ranged between £1 and £3 recently (or 100p and 300p on the BBC web site).

Funnily enough the LSE site was showing Jessops as 110ish and BA as 170ish, which is why I thought the OP had it all wrong. (I do know how to read interpret prices, thanks. And I checked the BA price on the LSE site to make sure I wasn't getting confused.) But the LSE site seems to have crashed now - maybe they had some data problems?

Sorry for any confusion I may have caused. We can all go back to discussing whether or not Jessops are going down the pan. (Sorry, foodpoison.)
 
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ok lets keep this civil, wouldn't perhaps be the need for such harsh responses if people tried to explain their perceived errors kindly in the first place, but please don't continue the tone timr. Thanks

ok - all post while I type why dont you! :p
 
Flash In The Pan said:
Dixons have a shop in Ipswich? I thought it was an online-only brand now, all the stores up here were rebranded as Currys long ago...
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No actually they don't - it is a Currys Digital :bonk:

Whatever the shareprice of Jessops is i've just spent my vouchers i got for Christmas - Just in case :|

A remote shutter release and some cleaning stuff :D
 
Back on topic - apparently there is talk of good strong xmas sales amongst staff, internal performance indications and all that.

:shrug:

Incidentally, if anyone is interested, the price is going up (although not by much at all). Problem is that this is rarely a good indication of expected (company) performance as no one in their right mind is going to sell at the current low price because it'd hardly be worth anything at all; most people will be clinging to the hope that the shares will return to their former glory.

Not sure when Jessops' 2009 closing statement is due, but I think it is imminent...
 
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timr said:
Back on topic - apparently there is talk of good strong xmas sales amongst staff, internal performance indications and all that.

:shrug:

Incidentally, if anyone is interested, the price is going up (although not by much at all). Problem is that this is rarely a good indication of expected (company) performance as no one in their right mind is going to sell at the current low price because it'd hardly be worth anything at all; most people will be clinging to the hope that the shares will return to their former glory.

Not sure when Jessops' 2009 closing statement is due, but I think it is imminent...
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40% up on like for like sales in comparison to last year...
 
foodpoison said:
40% up on like for like sales in comparison to last year...
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Is that true? If so, that's not a published statistic yet presumably? Beware anyone purchasing shares who has read this! :LOL:

If that's true then that is very promising. Although sales don't mean anything unless a) they've managed to successfully refinance their debt and b) the sales haven't been on high margin items.

Fingers crossed though!
 
timr said:
Is that true? If so, that's not a published statistic yet presumably? Beware anyone purchasing shares who has read this! :LOL:

If that's true then that is very promising. Although sales don't mean anything unless a) they've managed to successfully refinance their debt and b) the sales haven't been on high margin items.

Fingers crossed though!
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Haha, it's what we were told in the conference call. I don't know if it's a published statistic, but truthful or not it brings hope into our team, which can't be all bad.

I really hope we don't go into admin, because no one will want to buy us out. That will be it. 9 members of staff, jobless, and it will be stupidly hard to get another job. And that's just the people in my store.
Not cool.
 
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