Share Name Share Symbol Market Type Share ISIN Share Description
Adili LSE:ADIL London Ordinary Share GB00B28CRF51 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.25p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 0.6 -1.9 -0.1 - 0.69

Adili Share Discussion Threads

Showing 51 to 69 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
28/3/2010
22:53
It looked like the most probable outcome for a long time. Never should have come to market in the first place IMHO. Dibbs
dibbs
28/3/2010
21:29
And another one bites the dust.
trigger45
18/12/2009
01:05
Millair, It could be but you'd be very brave to take the plunge. They say funds are short and a fund raising in Feb/March 2010 may be required. They had sales of around £500k last year and made losses of nearly £2 million. This business has a massive amount to do to justify it's market cap. I run a socks and underwear retail web site with sales not much less than these guys yet we have very few staff and I see us as a minnow in a sea with thousands of more significant sites. Below is a recap of their fundraisings, taken from the most recent results. Fundraising During the year, the Company raised additional funding through a placing and a loan, both of which are described below. These have resulted, before costs, in a GBP1.4 million increase in the Company's cash resources. Since the year end a further GBP0.9 million has been secured. Placings In October, Adili completed a placing to raise approximately GBP360,000 before expenses through the issue of 6,596,350 new ordinary shares at a price of 5.5p per share. The net proceeds were used to fund the Company's growth and for working capital purposes. The new shares issued were admitted to trading on AIM on 7 October 2008. In April, Adili completed a further placing raising approximately GBP349,000 before expenses through the issue of 11,633,500 new ordinary shares at a price of 3p per share. The net proceeds were used to fund the immediate working capital requirements of the company. The new shares issued were admitted to AIM on 16 April 2009. In August, Adili completed a placing to raise approximately GBP940,000 before expenses through the issue of 62,666,666 shares at a price of 1.5p per share. The proceeds will fund working capital and continuing growth, which the directors believe will take the company to cash breakeven. Convertible Loan Facility On 2 October, The Company entered into a secured convertible loan facility for approximately GBP640,000 with its largest shareholder, Hawk Investment Holdings Limited ("Hawk"). Hawk, following the placing on 2 October, was interested in 29.95% of the Company's issued share capital. The loan converted into equity, when the Panel on Takeovers and Mergers granted a waiver of any obligation on Hawk to make an offer for the Company and independent shareholders gave their approval at the AGM on 28 November. Following the conversion, Hawk was interested in approximately 48.5% of the Company's issued share capital. Dibbs
dibbs
19/10/2009
23:42
Share price nearly halved in the last few days. Only a matter of time before these delist IMHO.
dibbs
15/9/2009
15:19
Looks like they are trying to finish themselves off double quick judging by todays announcement. Were they not happy with their already rapid cash burn! Dibbs
dibbs
14/9/2009
22:25
From the results the extract below. Not sure I can see it myself but who knows? Sales of £550k, amazing how little they still sell. The proceeds will fund working capital and continuing growth, which the directors believe will take the company to cash breakeven. Dibbs
dibbs
15/8/2009
16:59
I gave up and dumped them
fl4nders
28/7/2009
15:51
The trading statement said they need more funds by the end of July. No news yet, they must be running out of cash any time soon. A few hundred grand does not last these guys long but then they do have high overheads to keep pushing the massive sales volumes ahead;-) Dibbs
dibbs
18/6/2009
06:49
Good luck if you decide to keep holding, but as with many other aim stocks the chances are you will lose all of your investment. The clue is in the chart above, but good luck.
trigger45
17/6/2009
20:24
Its so lonely in here
fl4nders
10/6/2009
11:11
Is there any news due on these?
fl4nders
29/5/2009
00:07
No change then. Luckily virtually no shareholders left who can be bothered to sell.
dibbs
15/2/2009
18:09
2 weeks later, 2 weeks less cash left
westcoastrich
05/2/2009
12:27
More of a EBTM than an ASC IMHO. Peoples spend on higher priced organic food is well down, can't see that ethical will fair any differently.
dibbs
02/2/2009
21:59
not much cash left, less than 6 months it seems - from October - simple maths assuming burn per month is constant
westcoastrich
30/1/2009
01:10
£900k loss on sales of £250k Lol. I wonder how easily they will raise cash next time?
dibbs
29/1/2009
07:49
Hmmm sales up 78% but still making a loss.
bigbigdave
19/12/2008
08:02
Had this on my radar for quite a while now. Was pleased to see a banner pop up on my local newspaper yesterday. Anyone who has been with this one from the start able to give me an honest opinion of how the website is progressing. Do they really look like they have their fingers on the pulse? Is the website improving over time? Has the product offering increased? Has anyone ordered from this company, and did they deliver a good service? etc,etc,etc. I would welcome any feedback.
trigger45
08/8/2008
17:42
Trading Statement said results in July. I wonder why they are so much later? they say bad results take longer to prepare etc, time will tell.... You have to wonder if, with the greater losses when will they need to raise money? Alike ASOS these may perform badly post float and yet come back strongly once profits are within sight and desperation survival fundraisings are behind them. No position for me here but another ASC would be nice. They came to market way too early IMO. Dibbs
dibbs
Chat Pages: 3  2  1
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