||EPS - Basic
||Market Cap (m)
Real-Time news about Alexon Grp. (London Stock Exchange): 0 recent articles
|fiftha: Missed this bit
"Indicative proposals to acquire the issued share capital of the Company were requested by Friday 16 September and as at that date one such proposal was received which the Board is currently reviewing before determining the next stage of the sale process. This proposal is at a significant discount to the current share price".|
M&S is everyone's biggest rival because their market share is twice anyone else's. N Brown (JD Williams), or Evans, are the biggest specialist rivals.
But that really is irrelevant for the share price. In reality the business lost money last year and although forecasts have beeen cut today brokers are still expecting profit to move positively even though total sales are down and margins are also down.
Hence the debt for equity swap, or whatever financial reconstruction they come up with, which will result in existing shareholders being diluted out of sight.
So how cliley can say the drop is overdone is beyond me (unless he has bailed).|
|mkwng: maybe will go 10p again ??? ( Apr-2009 share price is 10p）|
|rainmaker: Hi Simon, I'm currently researching this Company and looking at the recent share price action it looks like it's in a terminal death dive!Talk about catching a falling knife! The share price has lost something like 50% this month and it's down another 14% today with 19 trades with 99% sales.Excellent point re two recent appointments as their product is a premium one sold in concessions at upmarket stores like John Lewis and Debenhams.Of course if I decide to buy it won't be on the basis of share price action but fundamentals.
|milton8: new share price at 20p, so now can buy at 21.25p.
is it fair price ? maybe for recover??|
|jdung: 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.|
|dcl5: 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.|
|cockneyrebel: Perhaps, but it's important to compare year on year rather than month on month if earnings are going to be higher. Last July was dreadful for floods so a decent July this year should see a good rise in comparables - if we get a good July.
Obviously, as I've said above, there's risk. Retailing is weak at the moment - it's whether there's more gloom in the share price than is justified, as I think there is at this price.
|cockneyrebel: Yep, your opinion confirms these look a buy imo. I should imagine most punters think like you and there is shedloads of gloom in the price.
Dunno who your mortgage is with but mine has been cut twice in the last few months, the full 0.5% that the Bank of England cut. Yep, those punters with less than great credit records will be punishes but they make up a small proportion of morgages - those with good credit history have seen their mortgages fall. I suggest you listen to Merv King who says that the value of a house doesn't affect the way we spend that much - he says it frequently in the BofE reports. I was shorting houses in July, I started a thread on it (DOWN is the ticker). All the major builders share prices are up from Jan 1st and well up from the Jan falls. The property sector isn't dead and nor is the shopper imo.
BBC and the press love a good gloomy story, it scares punters and sells papers - reality isn't exactly that gloomy. If you don't believe me read the builders recent results. If you believe the press half of the people out there are living in cardboard boxes! Over one year houseprices have still risen! The chuffin BBC have programme after programme - Newsnight, BBC News, Panorama - telling us how difficult it is for people to get on the housing ladder, how youngsters are being priced out of the market, then, when prices slow they suddenly start talking like it's a disaster! Have you actually read the results and outlook of most other businesses? Have you seen the shedloads of director buying everywhere? I don't see many statements from companies saying they are laying loads off yet this so called 'credit crunch' started a year ago.
The fwd PE on AXN here is around 5 on forecasts, they have no debt. They are being priced well below expectations imo. The recent disposal of Style reduces losses by around a further £5m pa imo so a good chance they meet or beat expectations.
I think perhaps you might benefit from getting out there and seeing what is actually going on. Next is in decline, it would be even if we hadn't had the 'credit crunch'. I'm reliably informed their designs are rubbish this year from someone married to me that has spent far too much time in their stores and on the phone to their catalogue in the past. The press focus on all the bad news in this sector too - have they mentioned Laura Ashley, Jacques Vert, Ted Baker etc? None of those are doing bad at all. Yep, retailing isn't on fire but it's not got one foot in the grave like many punters seem to think and the share price says. Brokers are the same - when the market was on fire a year ago they were telling everyone to buy builders and retailers, they then go into exact reverse and get into the same rut of 'beat the last broker' on their downgrades as they did on their upgrades a year ago.
The market looks forward 6-9 months too. Last May, June, July, Aug, Sep were chugging dreadful as far as weather goes - it was the worst summer on record for decades if not since records began. I think if we have a normal summer this year (which started rather nicely today with sunshine all the way) the comparisons will be easier as far a weather goes and therefore sales. If punters are feeling the pinch a bit this will offset it to a degree if not more.
But as ever, the time to buy won't be when everyone here is saying buy, it will be while everyone is running as far from retailers as they can. Things have been hard for retailers and in that climate retailer cut the fat to the bone. As soon as things get slightly better the bottom line gets far more of any sales.
Even if you saw these get to 50p you'd be waiting for 25p I suspect - that's the way of the investors that invest on the basis of what the press tell them rather than investing in the actuality!
No debt, profitable, not going bust and on a fwd PE of 5 and a near 10% yield. Those opportunities don't come along that often imo.
|cockneyrebel: ok, I'm sure most investors feel the same as you faction, which is why the share price is as low as it is imo.
What's in the share price?
There's a 9% yield that they have no difficulty paying. They have no debt. They are forecast to do 15p eps in the year gone, nearly 16p this coming year, based on Panmures's forecasts which look the most accurate, based o AXN saying they will do 12.5m+ pbt. Even if they did 60% of that earnings they are good value for the yield imo.
I don't think the woman shopper has gone for good - it takes a lot to stop them bouncing back and we've had two quarter point rate cuts - I'm sure the fact that people know they have a job and the mortgage isn't going up is what affects spending most imo.
We'll see tho.
Alexon share price data is direct from the London Stock Exchange