|Ideal Shopping Direct
||EPS - Basic
||Market Cap (m)
Real-Time news about Ideal Shopping (London Stock Exchange): 0 recent articles
|simon gordon: It makes sense for Argos to buy IDS, price 250p to 300p.|
|cockneyrebel: Ta Connor - 240p still seems a bargain for any buyer imo and I'm holding for at least that. The recent action in the share price looks interesting too.
Simon Thompson is basing his target on the coming years forecasts but I think the company are likely to be trading well ahead of forecasts and likely to see upgrades imo.
The next trading statement is due early January and I think there's likely to be news before then.
|simon gordon: Oriel - 7/7/10:
Shares in issue - 33.7m
T/O - 125m
PBT - 8.6m
Net Cash - 24.7m
~Market Makers 35.8%
~Paul Wright 20.4%
~Valerie Kaye 11.9%
~Anand Prem Nath 11.8 %
~Majedie Asset Mgt 5.0%
"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.|
|ydderf: crookney, with cannibalisation you need to decide which of the two overpriced chips you should flog -
"In the pursuit of this strategy, in January 2010, we acquired the home shopping gardening business, Lead The Good Life (LTGL). "
flying brands may well find not only their lunch gets eaten, but their dinner as well......but it may give IDS indegestion...
share price needs an Alka Seltzer methinks....|
|the big fella: They were pretty much as expected. A business isn't like a car, which you can turn around on the spot. It takes time. As they say "We are optimistic that we now have a solid platform from which to drive top line growth and restore profitability. Current trading in the second half is in line with management expectations with the critical last quarter performance yet to unfold."
Previous management run this into the ground. We know the current managet can deliver. A couple of years ago we were doing 15p eps easy with strong growth.
Sales have been maintained and in line with expectations.
Margins have improved.
Restructuring completed and the benefits have yet to be seen, but will be second half / next year.
9 mil cash.
Share price has plenty of bad news priced in and I see the recovery continuing (but as with everything it won't be in a straight line).|
|radarlove: I have no idea. Yes, I am expecting preliminary results tomorrow. Unless, unbelievably good or there is confirmation of a definite bid, I expect a drop in the share price.
Given the appalling market sentiment, results, however amazing, are just an excuse for the MMs to drop the share price|
|radarlove: Nope, nothing else.
All gone quiet on the Ideal Shopping front. One wonders for how long the MMs will repeatedly raise the share price without any news of the potential bid. Otherwise, this could go on for weeks. I presume the MMs will have a share price ceiling in mind and then hold it there.
Again, tiny volume today as witnessed over the last three trading days.|
|radarlove: I have just spoken to Ideal Shopping's CEO, Andrew Fryatt, and there is some excellent news on the forthcoming 'Next' trials.
The first pilot will be aired this Friday evening (April 28th) on Ideal World.
There will be a further 9 Next shows slotted intermittently over the following 5 weeks. Each programme will be one hour long.
Andrew Fryatt explained, "These trials are to test different time slots to see which are the best periods of the day to sell the Next merchandise. This is the first time that a major high street brand has used a shopping channel to sell their goods."
Shows will be varied and will cover the entire Next catalogue from Men's, Women's and Kids clothes to Jewellery and general homeware.
Andrew continued, "We are quietly confident that these trials will be successful. There are a number of other major brands interested in using our channel. They are presently waiting to see how the Next trials go before they make a decision."
So, now a case of asking every family member, relative and friend to buy a Next item through Ideal Shopping! If the 10 trials are successful and the other major brands come on-board, the IDS share price could rocket.
For your interest: The Ideal Shopping contract with Freeview ends in 2014. There will be a rental review in 2008.|
I reckon, short term, the cup formation will continue to build with higher lows. News about the 'Next' trials may have a significant affect on the share price medium term. If positive, as we all hope, this could trigger a rise leading to an initial price target of 500.
As to the position building, it is a very positive sign that both Fidelity and Artemis are increasing their stakes. There is still much upside to the IDS share price, in my opinion, and it is encouraging that two leading and respected investment companies share that view.|
The main problem IDS have to deal with now is the increasing competition. The last two years has seen a phenomenal share price increase from around 30p to highs of 400.
My main concern is that 2006 could be the year when the IDS share price takes a breather and will trade sideways between 320 and 400.|
Ideal Shopping Direct share price data is direct from the London Stock Exchange