Alba Share Discussion Threads

[madgooner] 22/9/2005 11:04

Hm,

Doesn't want to go does it ;-)

[madgooner] 21/9/2005 10:43

Hm..having a peak over the precipice again?

just the 2.5% spread, incase anyone were tempted ;-)

[m.t.glass] 16/9/2005 11:45

On track to achieve what?
;-o

Alba sure doesn't want to go down easily ;o(
(Philips is finding life a struggle, and isn't achieving or promising much)

[madgooner] 16/9/2005 09:54

And retest?

Descending Triangle?

Phillips said consumer electronics 'on track' yesterday.

[m.t.glass] 06/9/2005 14:14

Four quid failing this time?

[madgooner] 05/9/2005 15:18

Axa increasing holding to 10.15%

Putting up a fight at 400.

-No news expected until December, boredom set in..

[m.t.glass] 31/8/2005 11:30

increased my downbet

[madgooner] 22/8/2005 12:28

Hm, then again up on big volume; maybe a trading long?

[madgooner] 11/8/2005 11:08

Testing it now?

[nirvs] 27/7/2005 08:37

Closed mine yesterday for the time being at 400p. will look to re-short.

[madgooner] 22/7/2005 11:41

Looks like good timing by you 2 ;-)

[m.t.glass] 21/7/2005 11:30

ditto 414.5
Management doesn't sound like it has any way of doing anything other than just accept what happens. Certainly nothing to inspire buyers.

[nirvs] 21/7/2005 08:27

Joined you on short Madgooner 415

[madgooner] 24/6/2005 18:58

Alba plc (the "Company") announces that it has today purchased 200,000 ordinary
shares at a price of 370 pence per share to be held in treasury.


Therefore, the total number of shares held by the Company in treasury is
200,000. The total number of ordinary shares in issue less the total number of
treasury shares held by the Company is 50,897,154.

[madgooner] 20/6/2005 18:45

This has had a bad run, and the technicians will probably say presently 'oversold', but it looks like a decent distress play if UK retail PLC continues to dive.

Forecast is presently for c flat year on year profit, but high gearing levels could impinge upon development if any additional pressure emerges.

Small short for starters.

[madgooner] 20/6/2005 18:41

New Thread to include charts.

Bull Points

*Dividend Cover 2.8 (11p = c 3%)
*Grundig said to be integrating well
*Low Price to Sales Ratio


Bear Points
*Outlook remains "unhelpful"
*Gross margin trends strongly negative
*Little obvious product differentiation
*Increasing distribution costs
*Debt level now significant following acquisition (100% as at 31/3/5 but said to have reduced post balance sheet)
*Significant intangibles now (adjusted gearing c150%)
*Possible bad debt exposure to UK retailers under stress?

[madgooner] 09/6/2005 19:29

"The Group experienced five good trading months followed by seven poor months, as retailers experienced lower footfall and consumers became increasingly unwilling to purchase. In both the UK and overseas our consumer electronics operations,representing approximately two thirds of our business performed less well than our domestic appliance, fitness and power products businesses.

Market conditions have not improved since the end of the year and it is not
possible to predict when they will do so."

-Take out the 5 good months for this year?
-15 Times current earnings and the statement suggests (to me) lower next year.


Short.

[luchan] 09/6/2005 09:29

Chaps-

these profit warnings usually come in three's , £3 next stop.

luchan.

[des998] 08/3/2005 19:06

oooopppsss

[woozle1] 18/2/2005 12:59

Reasons for this share to fall:

- massive price deflation in white goods and electronics offsettin growth
- weak brands
- risks of integrating Grundig business high
- possible ejection from FTSE 250 (currently on the cusp)
- highlly seasonal business
- pitiful dividend
- massive rating 10 times EV/EBITDA
- consumer slowdown
- operating in "challenging markets" (the company's words)
- £6 was a support is now a resistance level

There is no short term catalyst to take this share higher, mainly because it is a higly seasonal business.

W

[rogid] 17/2/2005 22:37

MTG - why do you see this dropping further? It seems to have found support.

[m.t.glass] 15/2/2005 10:15

renewed short

[sack of spuds] 20/1/2005 16:20

any idea why it just dropped today.Are there rumours circulating?

[m.t.glass] 10/12/2004 12:00

Then it fell another 30p. Closed my short now though.

[curious] 07/12/2004 09:03

ABA just fell to an important support line. Latest earnings report okay in my opinion. If broad stock market conditions improve in the next few days (as I expect) ABA could provide a 10% bounce quite quickly.