Findel Share Discussion Threads

[beep_beep] 24/7/2013 08:28

AGM Trading Statement and Interim Management Statement

At the Annual General Meeting to be held at 11.00am today David Sugden, Chairman, will make the following Interim Management Statement which covers the 16 week period from 30 March 2013 to 23 July 2013.

Group Performance

The Group has made a very good start to the year and continues to make excellent progress. Group sales during the period were 3.9% ahead of the prior year (5.4% excluding our Far East sourcing operation), with continuing strong performance from Express Gifts together with the anticipated recovery in Findel Education.

Express Gifts, our Home Shopping business and the largest business in the Group, has maintained a strong performance, with sales 8.0% ahead of prior year. Customer numbers continue to grow as we move towards Express Gifts' peak sales period leading up to Christmas, with the majority of the sales growth coming from existing customers and retention rates improved by 5%. Bad debt indicators remain stable. The significant on-going efforts to improve supplier management, together with the re-focussing of our Far East sourcing operation, are bearing fruit, although the planned decline in the external sales of our sourcing operation suppressed the Group's overall sales growth by 1.5%.

[alanrex] 23/7/2013 23:29

will be interesting. hopefully good enough to get to 220p! we'll see! hopefully i havent cursed them now!

[bc4] 22/7/2013 07:28

Results due 24/7 this wed

[major clanger] 10/6/2013 16:22

A bit more on the JPM downgrade here:

www.brokerforecasts.com/news/article/articleId/4611007

[aishah] 10/6/2013 09:37

JP Morgan Cazenove downgrades to Underweight with 144p target.

[bc4] 05/6/2013 09:42

There should be some broker upgrades/share price targets upwards soon

[rescuer] 05/6/2013 09:02

well done BC,

r

[bc4] 05/6/2013 08:44

Same here,bought back in

[rescuer] 05/6/2013 08:38

sods law,

if i hold through results they go down, i sold and hey ho, up 20 points

r

[alanrex] 05/6/2013 08:34

indeed. hopefully 200p is not far! all imo dyor

[rescuer] 05/6/2013 07:40

good set of results,

debt down and progress in all divisions

the recovery continues

r

[rescuer] 04/6/2013 16:20

well its struggling to push through 160 and with results tomorrow, i decided to close out my position.

hope tomorrow bodes well for everyone, will be back.

r

[rescuer] 30/5/2013 20:51

QS9,

it's bots trading, chipping away with 80 shares here and 40 there, they are intraday gapping all over the place.

In auction tonight, there was about 5k placed at 176, then withdrawn about 3 seconds before the uncrossing. It would have taken out 2 MM's plus some LSE shares.

We DO need to break and hold above this 160 tho', as it's starting to become a bit of a hurdle.

At the very least we've got a fantastic confirmed trading range of 20 points tho, lets see if this breaks above tomorrow.

heres hoping

r

[qs9] 30/5/2013 20:27

Interesting moves each day...MM drop the price by 5-6p and then bring it back to opening price....bodes well or is that reading too much into it?

[qs9] 29/5/2013 08:09

thanks rescuer....

[snatander] 29/5/2013 08:06

237p target on chart

[rescuer] 24/5/2013 14:56

Aishah,

Northlands had a note out a few months or so ago with a range of 12 - 14p Old Money, thats 240 - 280,

r

[rescuer] 24/5/2013 08:05

QS99,

one of the institutions increased the other day by 1%, plus we're in a trading range of 140 - 160.

Need to break the 160, before we'll see a move upto the next resistance which is 180.

r

[aishah] 23/5/2013 23:32

N+1 Singer target of 240p by year end

[qs99] 23/5/2013 23:08

Wow.. Cracking close ... Any thoughts on why? Am a holder

[rescuer] 23/5/2013 09:57

on the up on a down day

looking good

r

[dlku] 20/5/2013 06:15

target is 240p so dont want to hang about ginny. Be brave

[ginty the brave] 19/5/2013 22:56

Considering getting back in but I think I can get 130 or less which would be a good price.

Took a large loss last time so need revenge.

[bc4] 16/5/2013 08:34

Starting to move

[bc4] 16/5/2013 07:49

Results due on 5 of june not long now