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AXN Alexon Grp.

2.825
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Alexon Grp. LSE:AXN London Ordinary Share GB00B28Y7M80 ORD 12.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.825 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Alexon Share Discussion Threads

Showing 851 to 872 of 1125 messages
Chat Pages: 45  44  43  42  41  40  39  38  37  36  35  34  Older
DateSubjectAuthorDiscuss
08/2/2010
14:39
Geoff Bouchier, David Whitehouse and Philip Duffy, Partners at MCR have been appointed Joint Administrators of Ethel Austin Limited

Ethel Austin is one of Britain's value clothing retailers with a nationwide network of nearly 300 stores extending from Scotland to the South West, and from Wales to the South East. The business was established more than 70 years ago and has grown to become one of Britain's leading value clothing retailers with a national presence.

dnfa1975
14/1/2010
08:14
today company report, looking just not too bad, but share price down 12%.( 34p)
but trade down size is small, so share price will recover.

jdung
30/10/2009
23:51
ydderF - Are you still holding this dog?

How many times have you averaged down?

Longterm buy and pray?

arthur daley
29/10/2009
07:32
Bandera Partners LLC seem to be big buyers.
kfp
12/10/2009
21:14
Retailers are expected to have a disastrous Chrismas this year. My guess is that Alexon will be at least as bad and probably a lot worse than others.
dnfa1975
24/9/2009
20:03
They aren't tomorrow; next Weds
gingerplant
24/9/2009
15:55
Results tomorrow. Expecting a return to 60+
letsgetbizzay
18/9/2009
15:00
McNick - however the tiny market size and 10% spread suggest that you are an armchair shorter, or a buyer.......
ydderf
12/9/2009
07:25
This stock is high on my short list. The company has added an entirly new management layer adding GBP 1m+ in direct costs without adding any value. To deal with tough trading Alexon is cutting creative staff and replacing them with buyers. This may work for Top Shop but does not fit with Alexon's previous strategy. However Alexon does not have the footprint to be another Top Shop. Finally Alexon is loosing shops -- JLP, HOF and others are not impressed with the lateest oferings and sales are shoing this. I give the company 6 months until it enters a death spiral.
mcnick
24/4/2009
09:45
tanners
I don't think that there is any doubt that the insurance position forced this on them. I am certainly not surprised by the insurance problem given the going concern statement.

I also suspect that insurance was, or was going to be, withdrawn from the whole group. I expect that today's decision has rectified that situation.

Hopefully the spotty analysts will rework thei figures next week and we may get a bit more progress.

kimboy2
24/4/2009
09:01
This is the paragraph from the accounts re Bay Trading.....


More positively there is now a very high quality team in post at Bay Trading and
a clear strategy to move towards a directional rather than value-led
proposition. Old stock has been successfully cleared and the right buying and
design team is in place to make this change from a product perspective. New high
fashion lines have been well received by customers and the fashion press and a
revitalised image has been designed for Bay Trading reflecting its more
fashionable proposition.


EDT......the price keeps going up, so obviously someone likes the decision!

tanners
24/4/2009
08:58
Typo56......the annoucement definitely states the Group, but it is possible that this is an error; or perhaps that Bay Trading's problems tarred the whole Group and so they have taken this action to redress that situation.

It's an interesting decision, a tough looking brave one in one way, but also completely at odds with the statement in the results announced just 2 days ago which stated that they now had a high quality team in place at Bay Trading and they were more confident of the future!

Reading between the lines it gives the impression (to me at least!) that perhaps the withdrawal of the credit insurance forced this decsion upon them......any others agree/disagree?

tanners
24/4/2009
08:54
Shouldn't hang around chatting when you should be dealing!
handycam
24/4/2009
08:16
I'm a bit confused by the withdrawl of credit insurance. Does this apply to the whole Alexon group, or just the Bay trading unit? To me the announcement states it applies to the whole Alexon group, although a couple of people I've chatted to disagree.
typo56
24/4/2009
07:44
Within the £3.5m profit there was a loss from Bay Trading of £7.2m. It should have a good run from here logically.
kimboy2
24/4/2009
07:44
Well, if the core Alexon made £10m last year.... Mkt cap less cash equals p/e of 3 ish, basis 48pps.
handycam
24/4/2009
07:20
What a suprise !! Any guess what the share price should settle at now ?

Alexon Group plc


("Alexon" or the "Group")


Administration of Bay Trading


The Board of Alexon announces today a restructuring of the Group and
that Deloitte LLP will be appointed as administrators to Epcoscan Limited, its
subsidiary which trades as Bay Trading. It is the administrator's intention to
continue trading Epcoscan with a view to finding a buyer.


Alexon operates two distinct and separate businesses. Alexon Brands, which
remains profitable having delivered operating profit, before exceptional items
of GBP10.1 million for the 53 weeks ended 31 January 2009 and cash generative.
The second business is Bay Trading, which operates in a separate company,
Epcoscan Limited that is loss making and has relied upon funding from the rest
of the Group to continue in operation.


As announced in the preliminary results earlier this week, the Group's auditors
were likely to issue an emphasis of matter paragraph in their audit report as a
result of the material uncertainty regarding Bay Trading's performance in the
current retail environment. In light of this material uncertainty, the Group's
provider of credit insurance has informed the company that it has withdrawn
cover for the Group's suppliers.


The Board has been reviewing an extensive range of options over for Epcoscan,
including the possibility of a restructuring or a sale of the business, but
regrettably, has concluded that the level of the potential drain on the Group's
financial resources means that the Alexon Group has to withdraw its financial
support of Epcoscan, which has resulted in Epcoscan applying for the appointment
of administrators to Epcoscan. As Epcoscan operates as a separate company, this
will not impact the operations of Alexon Brands.


The Group continues to receive the strong support of its lending bank and had
net cash of GBP5.3 million at the end of the last financial year and recently
agreed a multi-option facility of GBP12 million.


Management continue to implement their turnaround plan and are confident that
trading in the core Alexon Brands will remain robust and the initiatives that
have already been put in place will enhance progress. The administration of
Epcoscan allows management to focus on the core brands.


Commenting on the administration of Epcoscan, Jane McNally, Chief Executive,
said:


"It's with deep sadness that we've reached the position we're in today. Everyone
at Bay Trading has worked very hard to try and turn it around and I'd like to
thank all those who have been involved.


Today's decision, although incredibly difficult for us to make, does provide
certainty for the Group. Our remaining core Alexon Brands have a strong heritage
and I firmly believe there is an exciting opportunity for them. A turnaround
plan is in place and is already delivering results. It will take time, but I'm
encouraged that the core Alexon Brands have delivered a resilient performance in
the economic climate. I have every confidence in the future of Alexon Group."

kfp
22/4/2009
07:38
A fall post results was expected after the recent rise but a couple of weeks will see them back on track.
Off topic. Take a look at NVTA. 17.5p Tantalum miner (google it)
Only 1% of their shares are available, rest are held by directors and institutions. Even moderate buying will see the share price rocket. I've posted more info on their bb. Stick it on your monitor.

cliley454
21/4/2009
06:51
Wow. Sends out a very good signal about health and future of this company.
jimmycarter
21/4/2009
06:45
RNS Number : 8715Q
Alexon Group PLC
21 April 2009

Alexon Group plc

("Alexon" or "the Company")

Rejection of Approach

The Board of Alexon notes the recent rise in the Company's share price. The
Board has received an unsolicited indication of interest from a third party to
acquire the Company. No price or other terms were indicated. The Board of
Alexon has considered the approach and has decided to reject it.

The Board is confident in the strategy being implemented by the Company's new
management team and believes that progressing with this strategy is the best way to enhance shareholder value.

dcl5
18/4/2009
09:11
Hi quotes. Nope, yer man is a fair few miles south of me. Anway he's a Gooner an I'm a Man U man.

Happy trading 8-)

BBD

bigbigdave
18/4/2009
06:35
Dunno gumarabic, most stuff going up on carp results at the moment.
Makes a welcome change from the last 2 years where good results were met with a severe markdown.

bigbigdave
Chat Pages: 45  44  43  42  41  40  39  38  37  36  35  34  Older

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