Airea Dividends - AIEA

Airea Dividends - AIEA

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Airea Plc AIEA London Ordinary Share GB0008123027 ORD 25P
  Price Change Price Change % Stock Price Low Price High Price Open Price Close Price Last Trade
0.00 0.0% 31.00 31.00 31.00 31.00 31.00 08:00:00
more quote information »
Industry Sector

Airea AIEA Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

bda3490: Nice to think that having sold 2.5 million at 72p last April buying back would be positive Then again 412 000 issued at nil cost in November I’d hope a key performance criteria would be share price performance
amencorner: Since posting about AIEA in November, the share price has continued to drift south. The price is now at 50% of what it was when the CEO sold all his shares to the EBT just over 6 months ago. Maybe if the CEO could make a substantial purchase that may add to investor confidence and suggest another profits warning is not on the way. Come on Mr CEO if you make a purchase then I might be tempted to follow your lead, over to you! On the other hand if you have insufficient faith to buy then I will stay out.
multibagger: I expect small bounces in share price to be met with some more offloading....this is an ill liquid share to make matters worse. Though there will be some initial buying in an attempt to create a floor/prop up the share price, possibly by large holders (who appear to have inherited large tranches of the equity, this is unlikely to be sustained. The cut in dividend will also make it more difficult for asset rich, cash poor large holders to buy a huge lot more. Once today's figures sink in and buying fatigue sets in this is on course to get back to the early 30s/late 20s sadly....which could interestingly attract some predatory takeover interest. I held a decent chunk of AIEA a few years ago and even attended an AGM - but sold out when I could not raise a meaningful stake (on my terms), as buying kept pushing up the share price beyond its financial fundamentals. This story has further to unfold/unravel....good luck all.
bda3490: Just read the release £2million loan to the employees trust to buy ceo shares at 72 p but the share price is now 40p so that’s a write off And £1.7 million of new debt to finance it Scandalous
multibagger: I expect every small bounce from these levels to be met with more selling...low 30s/late 20s on the cards in the next few weeks...if not earlier. A lot of unhappy large holders with AIEA share inheritances in the Wakefield area I would imagine....
pireric: Share Rhomboids view that this has already laid the groundwork to be at worst a high single digit revenue growth business with modest margin expansion on top
bda3490: I still think getting market price for that volume was a good deal ! Many companies issue shares for management reward which cost nothing. Think of all that cash that could have been dividend ! Lets face it the share price only went up because JHD had a look
illiswilgig: I agree. Not ideal. A little surprised as I have been very happy with management and BoD approach until now. Perhaps there is something I've not quite seen. Aeria shares are notoriously illiquid. It strikes me that if the company had tried to buy this many shares in the market - it would have significantly increased the price - temporarily - probably above that they paid the CEO? Nice for investors - but not good for the company? Likewise, if the CEO had tried to divest so many shares directly on the market - it would likely have pushed down the share price well below the price the company has paid him, and with costs on top. Not good for investors, nor the company? Perhaps there is an argument that this is a pragmatic solution? Avoids the company overpaying, allows the CEO to divest his shares, no additional costs and hopefully minimises the impact of that on investors? Obviously I don't know why the CEO wanted or needed to sell all his shares - but I do note that he doesn't seem to be vastly overpaid? Though of course it is a very small company - but he has performed very well? So I can see he might need the capital? A lot depends upon what happens next - I am now a little nervous, when I wasn't before? cheeers
davidosh: A little more than a week ago the share price was 61p to sell and that was only for a few K shares so to get a few million away is anyones guess unless arranging a proper organised secondary placing to investors at an agreed discount so say 55p So the price could have been temporarily inflated by small buyers over the past week. Then bang the CEO manages to sell all his holding privately to the company agreed/requested presumably by the CEO for the ultimate benefit of....err probably the CEO and others.... Is that really within the regulations of quoted company law and approved by a nomad ?
illiswilgig: trident5, thats an interesting view you have of this mornings results? 'UK Sales down' Really? The company reports: 'Revenue for the year increased to £19.3m (12 months 2017: £17.8m, 18 months 2017: £26.9m) following full year sales of new products and the growth in our UK and Export business' How is that 'UK Sales down'? In a comparable period they are up. Statutory figures are compared with the previous 18 month period - caused by the change in end of FY - pro forma 12 month period is provided for comparative purposes. 'Massive inventory holding' Inventories are 6.797m a slight reduction from the previous 6.937m. I don't totally disagree with you on the level - hard to call it low? But massive? That represents about 4 months of stock at the current sales rate. Previously the company has made it clear that it builds stock in advance of product launches. But I doubt that a small company like Airea can operate a just in time manufacturing system so I don't know whether it could be halved without incurring serious risk in fulfilling growing orders especially for export? Also I note stock building in a lot of companies at the moment in advance of whatever happens at the end of this month. Stockpiling raw materials that are imported would be sensible now - and so would shipping some export product in advance to avoid any potential delays in either production or logistics next month. Renishaw appears to have built significant extra stock and sent it to Ireland where they have built a new distribution centre - just as one example. BTW - this has to be an interesting macro-issue in view of economic growth prospects in the second quarter of 2019 ?? there will be a lot of reducing inventory going on? 'Big pension charge shoved through the statement of comprehensive income' On the face of it - that's true enough. It's missing some context though. From October to Decemeber equity values plummeted. By way more than 10% - the US was more like 20%. Airea pension assets were around 39m at the end of the previous reporting period so a 1.2m decrease (plus 0.3m which is an estimate for the recent court judgement on non-discriminatory pensions). This is just a mark to market exercise - the pension does not look underfunded. A rise in the level of equities, which to some extent has already happened, will reverse this. The pension adjustment looks quite reasonable in view of the large shift in the value of equities over the period? Overall - the results look reasonably good to me. I don't expect the market to overly pleased as there are both pros and cons - but the company has net cash, an investment property, and increasing sales and profits - so further increases in sales and profits in 2019 should result in a rising share price, and a chunky dividend whilst I wait. Quite like it - a strong hold for me, cheers
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