Airea Share Discussion Threads

[ntv] 18/5/2022 08:50

It is a disappointing that so many smaller companies don't put any update out with their AGM RNS. Personally I think a trading update should be mandatory.

[andydaf] 16/5/2022 20:00

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

[value hound] 15/5/2022 17:31

Anyone planing to go to Tuesday's AGM (in Huddersfield)?

[bda3490] 13/5/2022 16:43

I was talking to a Plc about “surplus”; on a pension scheme. OMG ! Accounts are done on a long term accounts basis under IFRS but the pension regulatory body targets a buy out basis which is totally different and even when the books say surplus the buyout magnification of liabilities is huge It’s not a surplus Plus any surplus cannot go to the company/ shareholders it can only go to the pensioners. Unless the pensioners waive that and that only happens if they get most of the money I know people we have flopped there own companies over this

[andydaf] 23/4/2022 17:19

ALS i agree with you.Positives are property and cash rich,fully invested for the future with two megalooms so capex should be largely finished with.Pension scheme is in surplus and very mature.Product is good and company has remained in profit despite brexit and covid.With a fair wind airea is now in a position to weather any storms and to make hay if the sun shines.Market cap is less than what i believe the property and cash is worth.GLA

[arthur_lame_stocks] 21/4/2022 19:57

I think that's a bit too pessimistic myself bda.

[tiswas] 13/4/2022 09:06

Looks pretty cheap to me. Trading at a sizeable discount to nav, net cash plus the investment property. Pension postion ok, eps 2.7p (including investment gain), new equipment online and generally optimistic. I seem to remember that Headlam took a look at one time? Tragic news about the CEO but I wonder if this leaves them vulnerable to a bid without a strong CEO in charge to rebuff it. I bought some yesterday and today.

[andydaf] 12/4/2022 18:43

Good results in trying times with brexit and rampant inflation.Took some more this morning as business in my opinion is well undervalued.Fitting tribute by the chairman to a fine ceo.GLA

[value hound] 12/4/2022 08:39

Yes, excellent results all round in difficult circumstances and worth over twice as much according to my slide rule. I'm amazed they haven't moved up, so took the opportunity to buy a few more. What am I missing here?

[arthur_lame_stocks] 12/4/2022 08:14

Yes a very good performance overall. One thing I noticed was that the pension fund is now in a position of significant surplus (unrecognised) and this will save them £400k cash contributions a year. I think they should sell that investment property now.

[mesquida] 12/4/2022 07:24

Excellent performance given all the prevailing headwinds. Just imagine what this business could do in more normal times.

[irenekent] 01/4/2022 09:27

Deeply saddened by this news. As a long term shareholder my condolences to his family and colleagues for the loss of the man who turned this company around. RIP.

[andydaf] 29/3/2022 18:18

Sad news and i am sure all of us would want to extend our best wishes and sympathy to his family at this time.Brexit,covid etc in the last few years had made his job difficult but he leaves Airea property and cash rich and a far better business than when he took over.

[whittler100] 29/3/2022 17:18

Sad news Re: CEO death "It is with great sadness that we announce the death of Neil Rylance, Chief Executive Officer, who passed away on the 28th March 2022, aged 64. Neil has been leading the Airea plc Board of Directors since joining the company in 2008".

[gdjs100] 28/3/2022 20:01

Change of auditor RNS stated mid-April.

[bda3490] 28/3/2022 19:22

Airea are late! Mid March results Surely they have to announce this week under the max 90 day rule And price dropping like a brick Don’t want to say I wish they’d sold out to the only bidder in the last 10 years but…..

[bda3490] 19/3/2022 16:23

Can’t see why he’d return Sold his shares and retirement age !

[cwa1] 18/3/2022 17:52

18 March 2022 AIREA 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.

[bda3490] 10/3/2022 13:23

Headlam results yesterday Sales up Margin up Profits up Airea should be ok

[bda3490] 10/3/2022 13:23

Headlam results yesterday Sales up Margin up Profits up Airea should be ok

[bda3490] 17/1/2022 20:09

4.5p maybe Past caring only got 1000 shares

[value hound] 23/12/2021 16:02

Bought back into these recently; 45p this time next year .... Rodders?

[irenekent] 15/12/2021 14:54

W'hey, This isn't meant to go up. Am I missing something?