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AXD Alexandra

5.00
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Alexandra LSE:AXD London Ordinary Share GB0000143353 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 5.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 5.00 GBX

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Date Time Title Posts
16/8/201111:36Axis Shield-
16/8/201111:32Axis Shield-
06/8/201020:36Alexandra - Where they heading?258
23/9/200415:23ALEXANDRA176
21/4/200422:33Axis-Shield4

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Alexandra (AXD) Most Recent Trades

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Alexandra (AXD) Top Chat Posts

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Posted at 09/7/2010 19:29 by ls lowry
Check out EKT up near 20% today anyone that took my advice recently done v well The brokers have a 40p price target a lot further to go.
Posted at 06/7/2010 09:07 by sscrabble
Friday, July 02, 2010
HB Markets Daily Smallcap Newsflash including Alexandra, Ceres Power, Lidco Group and others



Alexandra (AXD, 7.5p, £2.51m) Currently in takeover talks it is worth noting the huge hit on the value of the company's Bothwell Park factory site. It had previously been valued at £8.07m but has been written down to just £1.6m following an unsuccessful planning application for a change of use. At the last results announcement, June2009 interims released in September 2009, Alexandra had net assets of £18.5m – so the write-down would reduce pro-forma NAT to £12m against a then net debt of £26.5m. We have suspended the Sell recommendation during the take-over discussions as there are clear reasons why the group should be worth more to a better funded parent. HOLD
Posted at 04/7/2010 10:05 by ls lowry
If you want to make your losses back check out EKT (elektron plc) its going places. Ona low pe ratio the brokers have a price tarfet way above the present price and the co has a progresive dividend policy.
Posted at 30/6/2010 20:22 by sscrabble
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TIDMAXD



RNS Number : 5293O

Alexandra PLC

30 June 2010



?

Alexandra PLC

("Alexandra" or "the Company")



Suspension of Fundraising Process and commencement of Offer Period





The Company previously announced, on 8 March 2010 and 30 April 2010, that it

intended to undertake an equity fundraising following completion of the audit of

the Company's accounts for the 14 month period ended 31 March 2010.



The Board now announces that following an unsolicited preliminary approach,

which may or may not lead to an offer being made for the Company or its assets,

the fundraising process has been suspended whilst the Board re-examines a

possible sale of the Company or its assets, in conjunction with its bankers.



As previously announced the Company's current debt facilities remain repayable

on demand.



No assurance can be given that the preliminary approach or examination of a sale

will lead to an offer for either the Company or any or all of its assets or,

furthermore, whether any such transaction (if one occurs) would be at a value

that would lead to a return for shareholders.



This announcement commences an Offer Period for the purposes of the City Code on

Takeovers and Mergers (the "Code"). In accordance with Rule 2.10 of the Code the

Company confirms that, as at the close of business on 29 June 2010, it had

33,409,654 ordinary shares of 10 pence each in issue. The International

Securities Identification Number for the Ordinary Shares is GB0000143353.
Posted at 14/6/2010 13:41 by onehandeconomist
...and the bag is probably excess stock.

Davydoo if you can find a good story, please share. My own view is that lack of visibility and consistency around management means that it's just a bet where other people know a lot more than you do. Better probabilities of making money elsewhere.
Posted at 08/6/2010 18:32 by sscrabble
just like to call for a round of applause for the magnificent job the directors are doing to support the share price
Posted at 06/6/2010 11:43 by davydoo
Ive started to look at this again, having been in years ago when it was around £1 and paid a nice div.

Does anyone know if the value of stock is realistic? and how is it marked in the accounts? purchase price? resale value? firesale value? as i see in the recent statement they referred to sale of £1.6m of redundant stock.

This statement sounds like a blank cheque of worry...

'significant exceptional professional fees'

There has to be underlying value here somewhere, and high barriers to entry, however a weaker pound will only make things harder in the future i guess.
Posted at 09/12/2009 10:25 by sscrabble
The new directors are not inspiring confidence going by the share price - in fact I am worried that it is looking like its going under.
Posted at 17/11/2009 15:40 by the big fella
Trouble is AXD have a history of loose tongues. A rise and fall in the share price is a pretty good barometer of the state of play. Todays fall not a positive sign, albeit on little volume (the 65k apart on plus).
Posted at 03/6/2009 10:43 by gingerplant
This company is weathering the economic storm admirably -- but its performance isn't reflected in its share price.

There are several companies around which have put in excellent performances despite the severe downturn; yet the market has still slashed the share prices.

Corporate uniforms and workwear supplier Alexandra (LSE: AXD), is one example where not a huge amount has changed other than sentiment -- or so it would seem. But the share price is a fraction of its former value.

Feeling the pinch

Under its slogan, "clothes that mean business" Bristol-based Alexandra supplies all manner of corporate clothing and accessories. And the company is feeling the pinch. Almost all its products are sourced from overseas suppliers and priced in US dollars. The dollar's 'safe haven' strength of last year did nothing to help Alexandra's performance. And the overall recession has seen companies cutting costs and deferring purchases wherever they can. So it's not surprising that the company's final results for the year ended 31 January showed turnover down on the previous year. But it was only down by 3%, whilst operating profit came in at £6.1m, compared to £7.0m the previous year. This was an excellent performance in the circumstances.

The big question for potential investors is whether those circumstances look likely to reverse. If so, today's price of 29p, which values the company at just £9.7m, looks very tempting indeed. After all, a year ago, the market saw fit to value Alexandra at three times that level.

Fighting back

The company's management has taken measures to combat its difficulties; hedging the dollar and completely restructuring the business to safeguard future profitability via a plan announced at the interim stage.

One of the main factors that hurt Alexandra's value last year was its debt level. Net borrowings of £25.5m are high in relation to the company's valuation today. But it wasn't so long ago that debt to fuel expansion and ensure healthy cash-flow wasn't the unmentionable four-letter word it has become over the last 18 months or so.

Also, the overall net asset value of over £32m and net tangible assets of £22.7m offer some downside protection. Interestingly, the tangible assets include the freehold to a factory site in Uddingston, Scotland of seven acres. The intention is to seek planning permission as a food retail site. An independent valuation of the site has indicated a market value of £10m, rising to £15m if permission is won. This could take a big chunk out of the debt.

The future

The broker predicts earnings per share of 8.3p for next year, which puts the shares on a forward price-to-earnings ratio of 3.5. This is extremely cheap, of course, if it comes to pass. But it would look positively pessimistic to me, based on any kind of sustained recovery.

The new chairman looks like he means business. He's certainly made changes so far, easing out the previous CEO and Finance Director, cutting costs and positioning the company for the future.

The chart's fairly horrible, unless you managed to buy in March or early April. Yet this isn't really reflected in the results so much as the perceptions. Taking a wide-angled view of things, turnover and operating profit have been fairly consistent in recent years. It just goes to show what an important role sentiment plays in share price movement; manna from heaven for the value-hunting contrarians amongst us.

Alexandra could easily be a multi-bagger from this level, in my opinion. The shares went over 175p three years ago. It could easily happen again given a fair wind and a shift in sentiment -- but it may take time, and it could get cheaper first.
Alexandra share price data is direct from the London Stock Exchange

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