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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Angling Direct Plc | ANG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 34.50 | 08:00:27 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 34.50 | 33.80 | 34.50 | 34.50 | 34.50 |
| Industry Sector |
|---|
| LEISURE GOODS |
| Top Posts |
|---|
Posted at 29/11/2023 10:58 by argylerich Does explain nicely where the shares have been going, although the threshold is 3%. Notification is the responsibility of the owner so we should be expecting something when they reach their intended position. It may also be that they actually have 2.9999999999% in which case they don't have to.Good to have a new investor for the next phase. |
Posted at 06/11/2023 14:47 by argylerich Current significant list, let's see what changesShareholder Shares %OS Gresham House 20,114,204 26.03% Business Growth Fund 11,325,000 14.66% Mr M Page 11,010,000 14.25% Mr W Hill 8,447,595 10.93% Canaccord Genuity Wealth Management 7,170,390 9.28% Dowgate Capital 4,380,650 5.67% Hargreaves Lansdown 3,762,989 4.87% Interactive Investor 2,651,515 3.43% |
Posted at 01/11/2023 11:23 by fevertreeman I don't disagree at all with your thoughts esp around Europe:1. Absolutely no international/intern 2. Crowe's 'equity story' - I know he worked in financial services & no doubt has spent many a day in investor meetings etc..but I'm unsure what Crowe's point is -if he thinks building out in Europe etc is going to drive a substantial upward shift in the rating, he is in cloud cuckoo land. Thats only going to happen if they land a substantial M&A deal that transforms the revenues, scale & returns of the Group. The slow but steady piloting approach they seem to prefer isnt going to change the equity story....... 3. UK vs Europe: I suspect there is more runway in UK without all the management time & effort being spent trying to crack Europe - each of whose territories have very different dynamics as he admitted. Do they really understand how to build a presence in Europe beyond a fulfillment shed? I don't get the impression there is much confidence in what thy are doing, hence its hard to call it a strategy when they are dipping their toes in.... Have they looked at Ireland for instance? 4. If, as seems very possible, we are in a stagflation era, with low growth & persistent inflation, then Crowe needs to get a move on. He wants this to be seen as a growth business but thats not how the market sees it. The key buyers have been institutions whose raison d'etre is undervaluation or catalysing change....I think that the key person round the board table over next 12 months is likely to be the CFO, as he's the only one with any experience of restructuring for growth or sale. |
Posted at 26/10/2023 17:20 by fevertreeman Excellent questions Dexter. I too wondered about the interest income figure and the inventory build. Sitting on £20m of inventory is big risk if they continue to expand at this pedestrian pace, and cant make a firm commitment to Europe! I will come up with a list of other q's ahead of next week's call too. Trying to read the runes, my view is that AD has a boardroom problem, which is creating issues around decision-making. Investors are suffering because of it. Currently, the business looks increasingly like a bank with a retail business tagged on. This situation is untenable, and needs to be addressed properly. As investors we have been told that they are building their presence in Europe and that the cash cushion gives them optionality.....that story hasn't changed since before the pandemic. So far there is no sign of any positive action -if anything there is paralysis. I think the organic expansion mantra is so half-hearted as to be not credible.....and the Board is maneuvering for a different outcome.... The most interesting evidential support for this view is the appointment of Copeman as CFO. He aint no plain vanilla CFO beancounter. His is a dyed-in-thee-wool dealmaker & financial engineer. He wont have joined to do the hard yards of slow and steady organic expansion - he's been sold the vision of M&A, break-up or to help prep the business for sale to PE. So where's the drive for this coming from? I think that the founder wants out; I think management doesnt have the appetite to drive this business hard in order to grow the top line aggressively and I think they believe they will have to labour long & hard in the AIM salt mines before the market recognises the true value of the business. So whilst they will talk a good game to investors claiming to be pushing the vision etc... the reality is the focus is on an an exit. |
Posted at 24/10/2023 12:34 by fevertreeman Investor Meet meeting is slated for 30th Oct....sign up and you should be able to ask them direct |
Posted at 24/10/2023 12:27 by argylerich One of the problems with internet AGMS/Investor meetings, you can ask questions but they don't get through. I've asked about the cash to no avail.Onward Opportunites thoughts on possible consolidation "We have noted with interest the consolidation of angling retailers in the USA and Nordic countries in recent years" Ripe on many fronts. |
Posted at 11/10/2023 17:56 by darrin1471 Angling Direct plc (AIM: ANG), the leading omni-channel specialist fishing tackle and equipment retailer, is pleased to announce that Steve Crowe (CEO) and Sam Copeman (CFO) will provide a live presentation relating to the Group's half year results for the six months ended 31 July 2023, due to be published on 24 October 2023, via the Investor Meet Company platform on 30 October 2023 at 2.00pm GMT. |
Posted at 18/8/2023 19:19 by darrin1471 Trading Update 23 Aug 2023 (Wednesday) |
Posted at 17/5/2023 07:59 by argylerich The cash they've invested into the European hub looks like a foundation stone. If you look back over the last couple of investor presentations they have discussed the strong possibility of a small (single digit £m) European acquisition to start leveraging the operation.It will be interesting to see where their thoughts are on this next week. |
Posted at 10/5/2023 01:11 by argylerich From the AD investor page:SIGNIFICANT SHAREHOLDERS Significant Shareholders as at 19 July 2022 which hold more than 3% in the Company Shareholder Shares %OS Gresham House 15,749,204 20.38% BGF Investments 11,325,000 14.66% Angling Direct Plc Directors & Holdings 11,079,688 14.34% Mr William Peter F Hill 9,223,000 11.94% Canaccord Genuity Wealth Mgt 7,565,672 9.79% Octupus Investements 4,825,000 6.24% Mr Richard A Beaumont 3,040,000 3.93% Hargreaves Lansdown Asset Mgt 2,574,735 3.33% Octopus have been reducing since, so likely them clearing out? |
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