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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Airea Plc | AIEA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.50 | -2.50% | 19.50 | 12:06:35 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 20.00 | 19.50 | 20.00 | 19.50 | 20.00 |
| Industry Sector |
|---|
| HOUSEHOLD GOODS & HOME CONSTRUCTION |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 26/03/2024 | Final | GBP | 0.0055 | 18/04/2024 | 19/04/2024 | 20/05/2024 |
| 05/04/2023 | Final | GBP | 0.005 | 20/04/2023 | 21/04/2023 | 18/05/2023 |
| 12/04/2022 | Final | GBP | 0.004 | 25/04/2022 | 26/04/2022 | 26/05/2022 |
| Top Posts |
|---|
Posted at 07/8/2024 18:38 by bda3490 PuguglyNo doubt on your radar when the CEO (former ) flogged his shares to the company for 72p ( a 10 year high) and the company borrowed the money to buy the shares presumably sanctioned by the advisors !! Luckily that loan was repaid by a Covid loan ( now 3.99% above base rate ) And the last accounts ( not the polished up rns stuff) show a near £ 5 m pension deficit and need to pay cash in Chances of a dividend Nil Even an asset stripper would shy away Reading the Rns I despair! No research to advisor forecasts just an aging generation of board . No doubt getting paid well C £ 19 m turnover |
Posted at 28/3/2024 10:52 by tiswas Well I sold out today. Buying on the crazy dips got me out with a decent profit having been down materially at one time.NAV now circa 36p, pension deficit needs addressing, no meaningful dividend, potential teething problems with new investment,no forecasts out there. So no idea how to value it now, just knew it was cheap at just over 20p. No doubt it will double now or be taken over at a major premium! |
Posted at 27/7/2023 08:27 by arthur_lame_stocks Today's results seem ok but can anyone understand what the outlook statement is saying? All I can guess is that if they're not paying a dividend they're reasonably cautious but then I don't think they ever do pay an interim dividend. |
Posted at 12/1/2023 11:41 by empoggio Irene: we already getting a dividend |
Posted at 11/1/2023 11:03 by irenekent Been here for years-maybe we will get a dividend. |
Posted at 28/7/2022 14:10 by illiswilgig Investment Property.Yes, this has intrigued me for quite a while - I've never got to the bottom of it. Today I've made more progress than before - but ended up with more questions than answers, Like others I've assumed that the 140k (280k annually) represents income from the investment property but always felt I didn't understand it. It certainly didn't seem like gross rental income but there are lots of possible explanations. So I've tried another way round. Looking at FY2021 Note 3 to the company accounts 'investments' I noticed Fope Ltd - property holding co. Searching at Companies House I can see all of the filings for Fope Ltd which is indeed a wholly owned immediate subsitiary of Aeria plc. That's when things start to get a bit woolier. Seems that Fope ltd owns what was Mossfield Mill in Bury and now seems to be a modern industrial estate on Google. Fope Ltd revenue in 2021 was 915k and after 58k costs and revaluation gain of 370k and after tax of 96k it made a profit of £1311k. But none of these figures appear to reconcile to anything in the consolidated or company statements of account. It appears that Fope ltd made a dividend payment to Aeria plc during the year of £850k from retained earnings as it did in FY20. So it appears that the dividend from Fope ltd is consolidated into the group accounts? Where it disappears without a trace. Another nice problem to have is that the wholly owned investment property owned by Fope ltd is valued at £7.5m not £4m. There is no debt shown on the balance sheet (there was a charge against it but it was released some years ago and the Aeria charge against it is shown as nil in the notes to the accounbts. Again I can't reconcile this. There is another subsidiary company which may be busy making a loss every year that offsets this - I've not had time to get my head around it. And leaves me with more questions than answers, though not necessarily bad - more through lack of understanding. cheers |
Posted at 16/5/2022 19:00 by andydaf Would have liked to attend but am working.If anyone attends would be interested in any snippets.First dividend for a while towards end of the month i believe.As always GLA |
Posted at 18/3/2022 17:52 by cwa1 18 March 2022AIREA plc ('the Company' or 'the Group') Director's Leave of Absence Airea plc (LSE AIM: AIEA) announces that with immediate effect, Neil Rylance, Chief Executive Officer, will be taking a leave of absence due to ill health. The Board and all his colleagues wish Neil a swift and full recovery. In Neil's absence Ryan Thomas, the Group's Finance Director has assumed the leadership role with the full help and support of Martin Toogood (Non-Executive Chairman) and the experienced Airea Senior Leadership team. A further update will be made in due course. |
Posted at 10/9/2021 17:53 by dolittle1 Rhomboid is no longer with us in AIEA (still alive and kicking though) |
Posted at 07/9/2021 09:09 by illiswilgig Just to be clear - I did not attempt to compare Airea with Headlam.Airea (Burmatex) is a supplier to Headlam. Amongst others. Headlam is primarily a residential distributor and confirmed that its commercial market was subdued in H1 and its commercial sales (including Burmatex) were -12% relative to 2019. Airea did not give figures relative to 2019. I estimated that Airea UK sales were -6% compared with 2019. Which I found to be interesting as it appears that Airea in the UK is doing better than its market overall. Exports, unfortunately, is another story. Halstead is a £1.2bn international manufacturer and distributor of specialist flooring. Victoria is a £1.2bn very acquisitive buyer of carpet, tile, artificial grass and hardwood flooring manufactureres and distributors primarily in the UK, Europe and Australia. Airea is a £10m manufacturer of carpet tiles in the UK. Comparison appears to be limited except that Airea is most obviously the kind of company acquired by VCP or JHD. Unfortunately neither have done so. Quite the reverse. JHD walked away. Sadly I did not. I used to own VCP shares. But sold them when they doubled. Way too early. I learned my lesson and did not sell my AIEA shares when they doubled. Sadly I did not sell my AIEA shares when they 10-bagged to 75p either. Even though JHD walked away and the CEO sold all his shares to the company EBT. Same CEO who did not sell to JHD. Opportunity to learn a difficult lesson. How well I have learned remains to be seen. That was then and this is now. I can't go back or I would be much wealthier. I do still own AIEA shares, so should I hold or sell? If AIEA is outperforming the market at the moment then that gives me some confidence to continue to hold and I'd prefer to sell me holding into a rising price given how illiquid this share can be. When I do sell I doubt that I'd buy VCP shares on their current rating. It's market cap is 1.2Bn but its enterprise value is 1.7Bn (500m net debt) and its PE is 29x current year forecast profits. And its on almost 6x it's Net Asset Value. Presumably much of that is intangibles from its acquisitions as its EV/EBITDA is 16 despite it having 500m debt. By contrast AIEA has a market cap of 13m and an EV of 11.5m (net cash) is on 14x trailing twelve months earnings, 0.75x Net Asset Value its EV/EBITDA is 6.8 and its 2019 ROCE of 14 is higher than Victoria has achieved in recent years. Victoria shareprice has risen dramatically. I am not saying it won't rise further, just that its not my kind of share. Looks like I'll be holding AIEA shares for a while yet in anticipation of significant improvement - though probably not a qunintupling. But don't take my opinion for it - do your own research, cheers |
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