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ABA Abaco Capital

1.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Abaco Capital LSE:ABA London Ordinary Share GB00B3LXPB43 ORD 0.001P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.50 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Alba Share Discussion Threads

Showing 26 to 46 of 350 messages
Chat Pages: Latest  2  1
DateSubjectAuthorDiscuss
03/12/2003
11:08
Pace should follow IMO
hightech
03/12/2003
10:46
Current trade at record levels - previous high £12 - Chart Breakout minimum target £12.
Onwards and upwards.

babolat
02/12/2003
16:33
John,
I don't know about analysts, but I am very satisfied with both the results and the reaction from the market. The chart looks very good too.

rafieh
02/12/2003
12:35
Big buys starting to roll in, I would say a bit late. I am surprised that it is so quiet on this board, despite excellent results and confident outlook.
rafieh
28/11/2003
14:22
rafieh and Joe .... very much appreciate your input
johnroger
28/11/2003
13:40
I had come to a similar conclusion to Chart Breakouts - Bush Internet was a costly error and the management at least cut their losses and ran when it became needed.
Alba have a very sound core strategy of branded low-cost electrical goods sold more through general retailers (supermarkets and catalogues) than electrical chains like Comet and Currys. The key to success in this market is price and distribution, and they seem to handle both faultlessly.
They are extending this core business in several ways, with mixed results. They are broadening the range, with the acquisition of Breville moving them into kitchen appliances on a large scale. Here, they are operating close to their core competencies, and it looks very successful. They are moving upmarket by licencing well known brand-names in other fields (MoS, JCB, Anthony Worral-Thompson). Here the results are more mixed. And they are expanding into Europe, with the Roadstar acquisition. Still too soon to call.
Alba's core low-cost brown goods UK market is mature, so growth has to come elsewhere. The expansion strategy should produce this growth. Even where new ventures fail, the experience with Bush Internet demonstrates that the management will not stand idly by. I would rate Alba a growth stock that also manages healthy profits. 20% profits growth seems perfectly achievable, which should justify a forward PE of 15-20. On this basis the £12 target should be within sight in 18 months.

joekoe
27/11/2003
18:44
John,
I read the article in the Nov. issue of the Chart Breakout. ABA is one of their main recommendations this month. The auther points out that the company's growth since 1988 has been strong with sales up from £41m to £538, and profits from £4.6m to £28m. He believes all the signs are that there is more growth to come with the group continuing with its strategy of developing into new markets like gym equipments, hair curlers and toasters either by aquisition or by licensing.
It goes on to say the company made a mistake in 2000 when it began subsidising the sale of TVs with an internet connection. This venture never produced the expected growth and cost £36m in charges against profits. If the internet losses are excluded the group carried on with unbroken growth in those years(2000-2003) and the pace is showing signs of accelerating. The current modest rating suggests the share recovery should continue.
And from the technical point of view, it says the shares have completed a large base pattern between 2001 and 2003. The move above 550p signals a breakout with a minimum target of 1200p, around the old peak.

rafieh
27/11/2003
14:39
rafieh .... could you post the article or give us the gist?
johnroger
27/11/2003
11:56
Chart Breakouts gives the minimum target of £12.
rafieh
26/11/2003
16:04
Joe ...Likewise for local Tesco,latest ad leaflet has Alba products featured also.Good to hear about Argos.Interims to 9/02 were 12.7p EPS and forcast growth is sub 10%.Any surge in earnings over this should give the share price a boost.All will be revealed on Tuesday
johnroger
20/11/2003
16:01
Just come back from my local Tesco's which was recently enlarged to add a substantial non-food area a la Asda/Wal Mart. The back wall is lined with TVs, every one of which is Bush branded except for a Sanyo model. There's stacks of Goodmans and Breville microwaves, and nearby is a non-stop demo of a ghastly £49.99 Alba karaoke machine. Elsewhere are shelves of Alba-made toasters, kettles, coffee machines, irons and more.

GUS announced superb results today, including 14% sales growth at Argos, which is phenomenal for a mature retail outlet. GUS is forecasting that Argos will outperform its competitors at Christmas. Argos too is stacked with Alba products, which are heavily promoted - with full page spreads - in the catalogues, and prominent on the web site.

This must be very good news for Alba. At current price, historical PE and yield are not stunning, but based on recent history, a strong half-year should give Alba a considerable boost in profits. At the full year, turnover increased from £434m to £530m, while after tax profit leaped from £4.7m to £23.4m. What effect on half year profit will a similar growth in turnover have?

joekoe
19/11/2003
17:07
Expecting good results after prevoius statement

RNS Number:2684S
Alba PLC
19 November 2003


19 November 2003


Alba plc

Alba plc will be announcing interim results for the six months ended 30
September 2003 on Tuesday 2 December 2003.

- Ends -

For further information please contact:
Weber Shandwick Square Mile 020 7067 0700
Susanne Walker


This information is provided by RNS
The company news service from the London Stock Exchange

END
NORQKLFFXFBFFBV

johnroger
11/10/2003
12:46
Positive report in FT today
johnroger
25/9/2003
17:45
LONDON (AFX) - Shares in Alba made headway among mid-cap issues after the
company said that trading in the first half has continued to be strong and in
line with management's expectations.
In a statement prepared for today's AGM, chairman John Harris told
shareholders Alba continues to expand its product range in growing markets and
remains confident of continued progress this year and thereafter.
Alba shares were 5 pence firmer at 602-1/2 by 8.26 am.
fjb/rn
Have you noticed that Tesco is full of their TV sets [Bush,Goodman etc]?

johnroger
25/9/2003
11:23
Breakout today
dr darkstar
25/9/2003
06:00
long from 5.63 and 5.70 looks good for a run to 7.00
dodddy
09/6/2003
07:01
Big mark up on the open and chart breakout - looks like investors expect good results this week.

D

cockneyrebel
04/12/2002
05:13
theres been a steady a rise in this share in the later part of 2002 as alba sales and profits have grown ,even better results are expected early december
casino123
05/11/2002
11:09
What does this tell u?
y cymro
03/11/2002
20:24
ok, where am i going wrong?
y cymro
02/8/2001
21:42
That was a buying opportunity missed! Now at 365 (Offer)!!
fazzaa
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