Airea Share Discussion Threads

[tiswas] 28/3/2024 10:52

Well I sold out today. Buying on the crazy dips got me out with a decent profit having been down materially at one time.

NAV now circa 36p, pension deficit needs addressing, no meaningful dividend, potential teething problems with new investment,no forecasts out there.

So no idea how to value it now, just knew it was cheap at just over 20p. No doubt it will double now or be taken over at a major premium!

[bda3490] 26/3/2024 17:17

Looks like green washing the coal tar backed carpet tile has hit the mark

Profit after tax down to £ 750 k from £ 1.3 million!

Covid loan taken out to get rid of Royal bank of Canada loan to be directors shares being paid off

[bda3490] 15/3/2024 16:09

They had an annual turnover of c £ 19 m

How can that be listed company. The have manufacturing land in the north and no one has bought it to build houses.

I think I’ll hold my little bit of penny shares. Back in 2000 the company had a market cap of £ 50 m - obviously should have sold then

[value hound] 24/1/2024 09:44

Yes, worth c.40p / m/c c.£16.5m IMO

[balcony] 24/1/2024 09:35

The spread put me off. might be a real bargain as tiswas states.

[blackhorse23] 24/1/2024 08:27

Money moving to APH

[tiswas] 24/1/2024 08:10

Encouraging update with expansion plans albeit no mention of current margins, profits or cash.

If growth happens then this is very cheap.

[tiswas] 09/1/2024 12:00

And down we go! Pretty frustrating share to hold but still trading way below nav, has net cash, profitable.....

[robow] 21/12/2023 13:21

well something is up

[tiswas] 20/12/2023 15:42

I still think this represents great value and with some heavyweight directors now on board they are going to have to start delvering.

Back at 23/26 but 20/23 the othere day when I made a small topup and will continue to take advantage of the poor liquidity when available.

[bda3490] 12/12/2023 20:38

I’d be expecting absolutely nothing
A listed co with ? £ 21 m turnover

They’d save ? £ 1m going private but …

[garbetklb] 22/11/2023 21:00

What would you be expecting??

[bda3490] 22/11/2023 20:16

I think the kitchen sink might not be enough.

Radio silence on this penny share.

[arthur_lame_stocks] 09/11/2023 19:02

That's when the Board throw all the bad news they know of into one set of results so that things can only get better going forward (hopefully).

[bda3490] 09/11/2023 18:31

What’s a kitchen sink job ???

[boystown] 10/10/2023 13:46

I think I'll buy more. My worry is trading, obviously, but also the potential for a kitchen sink job

[irenekent] 10/10/2023 13:38

New CFO and price dropping like a stone. What's happening here?

[illiswilgig] 27/7/2023 09:50

Promising interims I think? Management is usually cautious at the interim stage. And under current conditions that seems sensible?

Sales up 15% and operating profit (before wc) up 10% seems good. Given the statement about price sensitivity a lot of the increase is volume not raising prices. With the investment in looms and solar power (does the sun ever shine in Wakefield?)increasing volumes will have operational leverage. New prestige products will raise prices.

Yesterday's market cap 13.5m - probably a tad lower today. So significant discount 22% to net assets. And at a discount to current assets? Esp if you consier the £4m investment property.

Outlook is remarkably positive on the 'transformational' prospects. The new CEO seems quite carried away? And ability to manage the cost pressures - while urging caution - seems more of the same?

Never going to be a wild ride multi=bagger but looks to be a good little steady-compounder developing?


cheers

[value hound] 27/7/2023 09:45

I thought these could have been a lot worse - and did a tiny top-up sub 30p. I think they're easily worth closer to 50p, but will need some kind of catalyst / take bolder action (on the property perhaps?) - or they'll get taken out?

I'd say the outlook statement is just guff?

[arthur_lame_stocks] 27/7/2023 09:27

Today's results seem ok but can anyone understand what the outlook statement is saying? All I can guess is that if they're not paying a dividend they're reasonably cautious but then I don't think they ever do pay an interim dividend.

[mesquida] 22/6/2023 07:20

Anybody know anything about our new 3% shareholders , Mr.and Mrs. Morris ?

[checkers2] 31/5/2023 08:29

On what looks like a very small volume, less than 10k shares...

[irenekent] 31/5/2023 07:45

Another big drop yesterday.

[irenekent] 10/5/2023 16:12

Today's drop isn't.