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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Alexandra | AXD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 5.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 5.00 |
| Top Posts |
|---|
Posted at 06/7/2010 09:07 by sscrabble Friday, July 02, 2010HB Markets Daily Smallcap Newsflash including Alexandra, Ceres Power, Lidco Group and others Alexandra (AXD, 7.5p, £2.51m) Currently in takeover talks it is worth noting the huge hit on the value of the company's Bothwell Park factory site. It had previously been valued at £8.07m but has been written down to just £1.6m following an unsuccessful planning application for a change of use. At the last results announcement, June2009 interims released in September 2009, Alexandra had net assets of £18.5m so the write-down would reduce pro-forma NAT to £12m against a then net debt of £26.5m. We have suspended the Sell recommendation during the take-over discussions as there are clear reasons why the group should be worth more to a better funded parent. HOLD |
Posted at 04/7/2010 10:05 by ls lowry If you want to make your losses back check out EKT (elektron plc) its going places. Ona low pe ratio the brokers have a price tarfet way above the present price and the co has a progresive dividend policy. |
Posted at 24/11/2009 17:07 by fillipe Hi everyone. I've followed AXD for years but never bought. The risk/reward seemed a bit more favourable just now and I wondered if anyone had any further thoughts on this one?Thanks in advance f |
Posted at 17/11/2009 15:40 by the big fella Trouble is AXD have a history of loose tongues. A rise and fall in the share price is a pretty good barometer of the state of play. Todays fall not a positive sign, albeit on little volume (the 65k apart on plus). |
Posted at 03/10/2009 21:10 by the big fella I have exited axd since the trading update. Honestly those results did not read at all well. Good luck and fortune to all still in. |
Posted at 01/10/2009 17:04 by sunfish2 The Directors' salaries defy logic.What if AXD was a succesful business? Would the salaries be tripled? |
Posted at 27/9/2009 19:06 by arthur_lame_stocks So we should get the results this week. I guess they aren't going to be pretty it sounds like it'll be a kitchen sink job. I've heard from the planning department that no decision is due for another few weeks at least as further discussions are needed with AXD. |
Posted at 08/9/2009 10:51 by the big fella GG depends on the timeframe of your investment. Over the next year I see recovery returning to the bottom line and with strong cashflow, reduced debt I would hope for a divi. |
Posted at 03/6/2009 10:43 by gingerplant This company is weathering the economic storm admirably -- but its performance isn't reflected in its share price.There are several companies around which have put in excellent performances despite the severe downturn; yet the market has still slashed the share prices. Corporate uniforms and workwear supplier Alexandra (LSE: AXD), is one example where not a huge amount has changed other than sentiment -- or so it would seem. But the share price is a fraction of its former value. Feeling the pinch Under its slogan, "clothes that mean business" Bristol-based Alexandra supplies all manner of corporate clothing and accessories. And the company is feeling the pinch. Almost all its products are sourced from overseas suppliers and priced in US dollars. The dollar's 'safe haven' strength of last year did nothing to help Alexandra's performance. And the overall recession has seen companies cutting costs and deferring purchases wherever they can. So it's not surprising that the company's final results for the year ended 31 January showed turnover down on the previous year. But it was only down by 3%, whilst operating profit came in at £6.1m, compared to £7.0m the previous year. This was an excellent performance in the circumstances. The big question for potential investors is whether those circumstances look likely to reverse. If so, today's price of 29p, which values the company at just £9.7m, looks very tempting indeed. After all, a year ago, the market saw fit to value Alexandra at three times that level. Fighting back The company's management has taken measures to combat its difficulties; hedging the dollar and completely restructuring the business to safeguard future profitability via a plan announced at the interim stage. One of the main factors that hurt Alexandra's value last year was its debt level. Net borrowings of £25.5m are high in relation to the company's valuation today. But it wasn't so long ago that debt to fuel expansion and ensure healthy cash-flow wasn't the unmentionable four-letter word it has become over the last 18 months or so. Also, the overall net asset value of over £32m and net tangible assets of £22.7m offer some downside protection. Interestingly, the tangible assets include the freehold to a factory site in Uddingston, Scotland of seven acres. The intention is to seek planning permission as a food retail site. An independent valuation of the site has indicated a market value of £10m, rising to £15m if permission is won. This could take a big chunk out of the debt. The future The broker predicts earnings per share of 8.3p for next year, which puts the shares on a forward price-to-earnings ratio of 3.5. This is extremely cheap, of course, if it comes to pass. But it would look positively pessimistic to me, based on any kind of sustained recovery. The new chairman looks like he means business. He's certainly made changes so far, easing out the previous CEO and Finance Director, cutting costs and positioning the company for the future. The chart's fairly horrible, unless you managed to buy in March or early April. Yet this isn't really reflected in the results so much as the perceptions. Taking a wide-angled view of things, turnover and operating profit have been fairly consistent in recent years. It just goes to show what an important role sentiment plays in share price movement; manna from heaven for the value-hunting contrarians amongst us. Alexandra could easily be a multi-bagger from this level, in my opinion. The shares went over 175p three years ago. It could easily happen again given a fair wind and a shift in sentiment -- but it may take time, and it could get cheaper first. |
Posted at 08/5/2009 21:23 by the big fella Another point that has been completely overlooked in the results is the property update. AXD have been murdered because of the level of debt. But if the sell the Scottish site they can reduce debt by over 13 mil in one hit. That will bring debt to about 10 mil. a level which really wouldn't be a concern.EPS 9.5p so trading on a historic PE of 3.5. These could easily double and still be cheap. We know they are stripping out the costs. Business well positioned to weather an extended downturn. But as we know markets will look 12 / 18 months ahead. Tuck some away and these will no doubt multi-bag in time. |
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