International Distributi... Share Discussion Threads

[cockneyrebel] 02/9/2010 18:00

yeah, hardly big sellers are they - and the 100K went to someone, mm's don't take 100K.

After the recent trading statement these have to be going gangbusters imo.

CR

[choppa] 02/9/2010 17:56

What do we think CR? A few PI's losing their nerve ahead of results? Seems a fall on limited volume.

[cockneyrebel] 20/8/2010 10:39

20K buy.

Results brought forward to Sep 13th too.

News on the sale of the business?

Ideal Shopping Direct Plc
("Ideal Shopping Direct" or the "Company")

Trading Update
For the 21 weeks ended 30 May 2010

Further to the trading update provided on 23 March 2010 at the preliminary
results announcement, Ideal Shopping Direct today announces strong trading for
the 21 weeks ending 30 May 2010.

2010 continues to be extremely encouraging with total sales, including Lead The
Good Life Ltd (LTGL) which was acquired on 18 January 2010, up 17.9% over the
same period of 2009. Excluding LTGL sales, Group sales have increased by 10.5%
over the same period in 2009. We expect to report a substantial profit in the
first half of 2010, which is a major improvement on the GBP0.9 million trading
loss incurred during the first half of 2009.

The Board feels comfortable that they can reintroduce a sustainable dividend
policy when the interim results are announced in September.
Chief executive Mike Hancox commented,

"We are pleased that we continue to grow our business despite a challenging
retail environment. Given the operational gearing of the Company, we expect
profit in the first half year to be substantially better than in 2009. Whilst we
remain cautious over consumer spending patterns in the second half, we are
confident that Company strategy will continue to deliver a robust performance
through the second half year".

CR

[cockneyrebel] 05/8/2010 15:34

Buyers today and on the crest of a breakout here - can't see how these won't really get going soon - results approaching too and potentially news on the sale of the co at any time they choose.

CR

[choppa] 02/8/2010 11:38

200p mention in IC so that will do me for starters :-)

[cockneyrebel] 01/8/2010 17:30

Looks more than a punt to me daisy, without a bid - that's why I'm holding.

Trading Update
For the 21 weeks ended 30 May 2010

Further to the trading update provided on 23 March 2010 at the preliminary
results announcement, Ideal Shopping Direct today announces strong trading for
the 21 weeks ending 30 May 2010.

2010 continues to be extremely encouraging with total sales, including Lead The
Good Life Ltd (LTGL) which was acquired on 18 January 2010, up 17.9% over the
same period of 2009. Excluding LTGL sales, Group sales have increased by 10.5%
over the same period in 2009. We expect to report a substantial profit in the
first half of 2010, which is a major improvement on the GBP0.9 million trading
loss incurred during the first half of 2009.

The Board feels comfortable that they can reintroduce a sustainable dividend
policy when the interim results are announced in September.
Chief executive Mike Hancox commented,

"We are pleased that we continue to grow our business despite a challenging
retail environment. Given the operational gearing of the Company, we expect
profit in the first half year to be substantially better than in 2009. Whilst we
remain cautious over consumer spending patterns in the second half, we are
confident that Company strategy will continue to deliver a robust performance
through the second half year".

A 'substantial' profit in H1 says they are well ahead imo, rarely made any profit in H1 in the past.

350% earnings growth forecast this year, 50% forecast compound over each of the next two years.

PE 12 this year falling to 10 for the year ahead and those esimates look way conservative imo.

Maiden divi being pain this half too - tells you a bit about their confidence too imo.

Anyway - all that and they have said they are looking to sell the co and are having a strategic review for even more upside :-)

Results in September - I bet these are bought up well ahead of then imo.

CR

[daisymax] 01/8/2010 17:01

Is this worht a punt with the likely bid?

[trendfloor] 29/7/2010 15:41

Resistance at 165p and 170p better opportunitys elsewhere IMO.

[cockneyrebel] 29/7/2010 15:36

Testing that break out level again here.

CR

[4bidnforest] 28/7/2010 15:57

Very chunky for IDs, I d concur choppa.

[choppa] 28/7/2010 10:49

Some chunky trades this morning.

[cockneyrebel] 19/7/2010 11:26

nice buy gone through - must break out soon imo.

CR

[azalea] 15/7/2010 14:59

IC 1/7 Buy! Singer Capital Markets forecasts ptx £5m 2010(£1.1m 2009), ptx £7.5m 2011. Cash £13.4m, 12 month range 72-172p.

[cockneyrebel] 15/7/2010 14:52

Through the resistance line of those two previous highs - 250p looks a give away to me Simon - I'm hoping for £3 minimum.

CR

[bigbigdave] 15/7/2010 14:45

Thanks Simon, looking very good today.

[cockneyrebel] 15/7/2010 14:13

Agree Simon - screaming cheap imo.

Chart just about to breakout too - testing those two previous highs here.

Thanks for the info.

CR

[simon gordon] 15/7/2010 10:00

Oriel - 7/7/10:

Shares in issue - 33.7m

12/11
T/O - 125m
PBT - 8.6m
Net Cash - 24.7m

Major Shareholders:
~Market Makers 35.8%
~Paul Wright 20.4%
~Valerie Kaye 11.9%
~Fidelity 11.9%
~Anand Prem Nath 11.8 %
~Majedie Asset Mgt 5.0%
~Artemis 4.9%

"With Ideal Shopping (IDS) facing tougher comparatives and nerves fraying about the strength of the UK consumer, some investors may be tempted to take profits following the shares' outperformance. In this note we highlight three reasons as to why we believe there could be significant upgrades going forward and a subsequent rerating, which we believe will continue to drive the IDS share price. In short, management has identified significant growth opportunities, the television shopping market could benefit greatly from Project Canvas and there is plenty more scope for margin recovery. On a PE of just 8.4x FY2011 the shares look very good value. BUY.

Doubling Craft and Lead the Good Life (LTGL): It is management's ambition to double the sales of both the Craft business (23% of sales) and Lead the Good Life. Management believes that this can be achieved in a relatively short time frame. The Craft market, to our surprise, is worth £2-3bn and is also very fragmented. IDS plan to significantly bulk up this element of the business. We believe that all things being equal, a doubling in the Craft business over two years could add as much as 40% to our current FY2011 forecasts alone. Meanwhile the Lead the Good Life business is already showing good progression and targets are likely to be met ahead of expectations."

=====

Fairfax - June 2010:

"IDS continues to develop its very successful craft division, with other attractive product categories being developed behind it, such as gardening and now pet products. A clue to the potential value of this craft division came in the recent Bridgepoint purchase of rival HobbyCraft. From the information we can glean, at c.£100m, this acquisition put HobbyCraft on a prospective EV:EBITDA of c.10x. IDS do not separate out their craft numbers, and clearly spinning off the division would necessitate cross-charges for continued use of the studio facilities etc, but we estimate that crudely applying this multiple to IDS implies a potential valuation for its craft division alone of £30m+."

=====

£1.50 = 50.55m
£2.00 = 67.4m
£2.50 = 84.25m
£3.00 = 101.1m

2011 PBT = 8.6m
2011 Net Cash = 24.7m

8.6m x 10 = 86m + 24.7m = 110.7m.

At a minimum they should be able to sell IDS for at least £2.50.

It would be an ace buy for Argos who could brand and cross sell it, they'd have a brilliant TMT platform for future growth. It is a real trophy asset.

[cockneyrebel] 14/7/2010 17:11

Interesting cross trade today - suspect that was someone moving shares from one place to another ahead of any potential buy out I would think - might be a pension to portfolio move or something like that.

Results should be interesting anyway - with a potential buy out of the co and cracking numbers they must be high on the radars.

CR

[azalea] 14/7/2010 14:51

In for a 1500 flutter, doubt if I will loose on it even without a bid going through.

[bigbigdave] 14/7/2010 11:08

Some nice chunky buys going through today.

[watchout2] 12/7/2010 22:57

Just dishing out what you do everywhere on my threads !

[cockneyrebel] 12/7/2010 20:24

up 10p since you started deramping HateTrader - let's see what they sell the co for - bet it starts with a 2 or even a 3 :-)

CR

[dnfa1975] 12/7/2010 19:17

are directors selling cos its going ex growth very soon?