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Fishing Rep. Share Discussion Threads
Showing 276 to 298 of 300 messages
|Sir Terry Leahy
No longer a shareholder ?
|Company also lost credibility by using a name of Bill Currie, Iain McDonald and Sir Terry Leahy to ramp.Did they get his permission to use their name in RNS?
What did each invest? £10,000? PISH!
And why have they also got this line
" Operating profit before
exceptional costs of
IPO wasn't in 2016?|
|next results wont make happy reading after the profit warning last week|
|Further to my post above (147) another thought has occurred to me on FISH.
It seems Sir Terry Leahy participated in the placement at c.35p (I'm open to correction on that, but that was how I understood the various RNS). If anybody should understand sector consolidation in the retail markets and the "tanks on the lawn" school of business it is him. Since that is exactly what he did very successfully with Tesco over a period of many years, building an absolute juggernaut of a company at the expense of smaller local retailers who simply could not compete with the economies of scale generated.
I realise that Tesco and FISH have obvious differences. But the principles of consolidating and taking market share remain the same. Sir Terry obviously likes what he sees here and that's good enough for me.
I'm in profit already on paper, but think I'll tuck these away for a while now.
|Couldn't help myself - took a small position today on the drop.
I had been watching for a while and whilst nothing is risk free there is a compelling case for the sector consolidation model.
I fish (hence the avatar name) and my experience is that the smaller tackle dealers are indeed going to the wall one by one. I make no comment on the desirability of that - just the market reality.
Fishing tackle retailing has for years been stuck in the last century with lots of small unprofitable dealers at a local level doing it as a labour of love. But where I live (north of the border) the market has more recently reflected the trend that FISH have identified and are trying to take advantage of. Witness for example the Glasgow Angling Centre and the newly opened Edinburgh Angling Centre. With their buying power and "destination" appeal the smaller independents are toast, whether anybody likes it or not.
I've no doubt that many of the minnows where FISH are operating may hang on for a while - as I understand it a number have relatively low overheads and their owners just want to do something fishing related for a living, so they can cling on and may continue to trade until their owners retire. Fair enough - we live in a free country.
But economically speaking the competition are just that - minnows. I'm backing the pike that is Fishing Republic and I reckon it's got some weight to put on yet as it devours some of the competition.
FWIW I see today as a buying opportunity. And who am I to argue with a titan of business like Sir Terry Leahy ?
|chart support under 20p|
|Profit warning. Ouch
· Decision taken to accelerate the deployment of placing proceeds; accordingly profit forecast for 2016 rebased. Benefits of the investment programme will flow through in 2017 and beyond
|Agreed playfulBut the future looks brightCould be as successful as pets at home as can now scale up|
|Playful.....and the answer is....?|
|CEO presented at sharesoc Leeds tonight and that was interesting enough but it was only when I had the opportunity of a one on one did it become apparent why the previous Tesco CEO has invested here. This company is certainly worth following, but remember nothing goes up in a straight line...|
|Guys check out CAKE - moving very well - Luke Jonson pizza boy at the top|
|V steady hereLack of sellers60p next stopLeahy a v large holder|
|He didn't sellHe topsliced and then reboughtHe thinks this is going to doubleI'd back John Lee and leahy over you!!Strong buy tgt 80p|
|patviera 6 Jul'16 - 08:09 - 136 of 137 0 0
John Lee said this is still going to rocket
Haha, yes and then he sold em|
|Great shareholders listTesco ex CEO v big holderTgt price 80p|
|John Lee said this is still going to rocketSays a v interesting little company and loves the mgmnt I got a 80p tgt as can now scale up with recent monies|
|Still back leahy and Hargreaves and the other buyers here over rubber bulletThy price 80p|
|John Lee sells- see ft|
|John Lee couldn't resist "letting some go" ie sold some
Looks a p&d n'est ce pas?
Good lad leaving his Sheeple high and dry holding this carp|
|True brownie - as a counter point I assume they import a substantial amount of their equipment to sell on, which might mean reduced margins with weak GBP unless of course they can pass increases on?An interesting company though and in any case UK competitors will also have similar pressures.|
|Well the way I'm seeing it they have validated the business model.
Thus the fund raising is to accelerate growth of a proven model and to scale up the online side. What can be wrong with that?
At the macro economic level if the gloomy predictions are correct then more people will holiday in UK and thus more time spent her on leisure pursuits can only benefit FR.|
|I'd rather back leahy and John Lee than rubber bullet!!Call me mad|