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FDL Findel Plc

233.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Findel Plc LSE:FDL London Ordinary Share GB00B8B4R053 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 233.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
230.00 233.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 233.00 GBX

Findel (FDL) Latest News

Real-Time news about Findel Plc (London Stock Exchange): 0 recent articles

Findel (FDL) Discussions and Chat

Findel Forums and Chat

Date Time Title Posts
10/6/201907:23Findel for sensible posters.2,446
13/1/201208:49FINDEL....excellent prospects and totally undervalued!935
04/11/201108:31Findel 20p offer!!!!!!3
27/7/201014:06The Brokers love this share!12
05/6/200916:09The Bull Club...... Findel Group69

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Findel (FDL) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Findel (FDL) Top Chat Posts

Top Posts
Posted at 08/6/2018 13:27 by 3rd eye
FDL Findel........ online retailer wholesaler.

Came up on my screener and after quite a lot of research taken a healthy position. Spread is a little wide but helps to buy in 2 tranches or more.

Last results just a couple of days ago.......



Outlook

We are confident in the medium-term prospects for the Group, with Express Gifts able to see further growth in its customer base through its clear focus on providing great value products to its customers and transforming itself for a digital future. Express Gifts aims to be forward-looking and proactive in its approach to financial services regulation and risk management to ensure that it achieves sustainable returns.

The operational turnaround of Education continues to show encouraging results, but we will learn more about the likely pace of translation into profit once the seasonal back-to-school peak period has been completed in September.

We are encouraged by the start to the new financial year from both businesses, and remain confident in the opportunities for future profitable growth.

Broker Talk


Edison Investment Research Limited: Edison issues outlook on Findel (FDL)
08-06-2018 10:18
Edison Investment Research Limited Edison Investment Research Limited: Edison issues outlook on Findel (FDL)

08-Jun-2018 / 10:18 GMT/BST

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London, UK, 8 June 2018

Edison issues outlook on Findel (FDL) Findel (FDL) is seeing outstanding success with its online-led value retail strategy. FY18's 21% PBT growth includes a strong Black Friday and Christmas campaign. However, underlying independent market share growth puts FDL on the right side of a difficult sector. Also, considering that customer redress has been bottomed out, Education has been stabilised and that core net bank debt (excluding receivables-related debt) is close to net positive, most of the negatives in the investment case have been removed. FDL appears to have turned the corner and our revised valuation suggests significant valuation headroom.

In our view, despite the recent share price rise, a FY19e P/E of 9.9x, does not yet fully recognise FDL's independent growth characteristics or the effective removal of the negatives in its investment case. Our revised valuation approach uses two metrics: a DCF projection to value on the longer-term income stream; and relative valuations to price growth among peer retailers. The first values the shares at 401p, the second at 455p. We therefore define a blended valuation of 428p, implying an unstretched FY19e P/E of 15.5x and EV/EBITDA of 8.5x.
Posted at 29/11/2017 17:27 by walbrock82
Revenue rose 8.4% LFL vs. 6.1% increase in overall sales. Express Gift was the deliverer was 15% LFL sales growth.

Although, operating profit rose to £16m from £2.6m. Profit didn’t convert into cash profit as it reports operating cash loss of £4.2m. This is due to a reduction in the provision of £10m.
In fact, a reduction in provision helped to boost Findel PLC Income Statement by £10m. Also, helping Findel to report a profit is a lower bad debt from receivables to £10m vs. £16m last year.
Overall, Findel profits were boosted by a reduction in the provision of £10m and a decline in bad debt of £6m. In total, it contributed £16m to Findel Income Statement. This is a good thing if positive momentum in the business continues.
However, to fully understand Findel business and future opportunity, we must look back at the past to uncover gems or traps in the future. For the full report on Findel, which includes:
1). Share price history;
2). Business model:
3). Why Findel struggles to grow net profit for some time?
4). Findel’s debt;
5). Outlook.
Then click on the link
Posted at 17/5/2016 16:21 by scapital
Up 4%, not sure my heart can take these wild share price movements.
Posted at 06/5/2016 11:59 by scapital
Bit of movement today. As exciting as it gets at FDL.
Posted at 31/3/2016 13:00 by scapital
Bought my first FDL shares at 190 today. Definitely something afoot here.
Posted at 30/3/2016 10:32 by 1gw
Once you remove the fat-finger/corrected trades, I think you can split Thursday's big volume trades into 2 groups of 9.505m shares, all transacted in the low 170's.

My guess (but as you can see above, I've been wrong with the guesses very recently) is that this would be Sports Direct's CFD counterparty buying shares and an existing shareholder selling them - although that then leaves you a bit short of declared trades to get up to the 10.9m bought by Sports Direct - even if you assume that they or their counter-party were hoovering up the rest of the shares (the 5000-share ATs and the 30k odd in the closing auction). Maybe the missing shares came from a non-LSE platform?

Anyway, I've bought some more at 198p on the basis that either through an outright bid for Findel, or through a commercial marketing/distribution arrangement between Sports Direct and Findel, Sports Direct's increased holding will turn out to be a positive for the Findel share price.

And I note that my purchase (which went through on ICAP according to the contract note) doesn't appear on the advfn trade listing.

My opinions and guesses only - no advice intended.
Posted at 29/3/2016 17:01 by 1gw
Indeed not. And was the price (to Sports Direct) even in the 170's since sports direct appears to have acquired the interest by derivative (cfd) instead of buying the shares outright?

I didn't really think anyone was still reading this board - I put a longer post trying to rationalise Thursday's action on the LSE board. Same conclusion though that it probably wasn't Sports Direct buying in the 170's...
Posted at 24/3/2016 16:31 by 1gw
And things have started moving again today. Have to wait for the TR-1's to have a better idea of what exactly, but odds on Sports Direct baling out I would have thought (because the large trades were priced in the 170's). However, even if it is SD baling, it will be interesting to see who was buying, given the share price reaction. Was it just Toscafund and Schroders buying them back or is someone else involved? And was the series of 5000-share buys which appeared to drive the price up (before the larger trades appeared on the trade listing) linked to the bigger trades or something else?

Hopefully most will be revealed in forthcoming holdings notices.
Posted at 29/9/2015 10:47 by 1gw
Could be a trading statement on Thursday (1st October). Interesting that they chose to announce the approach for Kitbag today, with the Sports Direct holding news, rather than keep it back for a TU a couple of days later. If the news wasn't about to leak, I would have thought a TU was the more obvious place to notify the market of the interest in Kitbag.

Does that suggest some concern about Sports Direct's near-term intentions? Releasing the news about Kitbag at the same time as the holdings news might have been expected to push the share price up (more so than just the holdings notice) and so make it more expensive for Sports Direct to acquire more shares in the near-term.

Or does Sports Direct's aggressive move suggest that they may already know about the Kitbag interest and so Findel felt they had no choice but to release the news to the rest of the market?
Posted at 27/3/2011 13:42 by bottomfisher
Hard to see FDL's share price rebounding from current levels until the underwriters get rid of the 178m shares (10% of the enlarged equity) which they could not sell at the rights issue price of 6.54p.

In addition, it is not clear what has happened to the 368.75m shares that Tosca agreed to sub-underwrite in addition to the 242.8m shares that it was committed to taking up under the rights issue.

Recent shareholding disclosure announcements have been confusing. But based on what has been reported so far, Schroders, traditionally FDL's biggest shareholder, has seen its stake slip from 28.96% to 25.28% whilst Tosca's stake has risen from 19.85% to 25.28%. It is unclear whether this means that Tosca avoided having to subscribe for the bulk of the 368.74m shares (21.7% of FDL's enlarged equity) that it had agreed to subunderwrite.

If it does then the scale of the share overhang is limited to the 10% of the equity left with JP Morgan Cazenove. That is bad enough. But if there is another 20% of the equity overhanging the market, the share price outlook is grim.

Given the relatively lengthy timetable of FDL's recovery plans; an untested top management team (in the form of a new chairman, CEO, and FD); a fragile and highly geared balance sheet even after the rights issue; and a deteriorating UK economic outlook; it is hard to see the FDL share price tripling or quadrupling over the next year or two -which should be the criteria for investing now.

Would love to hear a bullish case for investing in FDL to counter my pessimistic analysis.
Findel share price data is direct from the London Stock Exchange

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