Airea Share Discussion Threads

[cottoner] 04/4/2018 17:43

RNS released tonight by JHD
Airea plc



Statement regarding share price movement



James Halstead plc ("James Halstead") notes the recent movement in the share price of Airea plc ("Airea") and confirms that the Board of directors of James Halstead (the "Board") is at the very early stages of evaluating making an offer for Airea which could lead to an offer being made for the entire issued and to be issued share capital of Airea (the "Possible Offer").

[battlebus2] 04/4/2018 17:39

Indeed and on little volume about £36k worth

[fillipe] 04/4/2018 17:07

Well worth checking this one out....look at the strong div yield and the future business reorganisation.

Another nice size share price uptick today.

f

[fillipe] 21/3/2018 09:01

These days it's not only the price/wool quality aspect - much of the market is for plain greys and silvers - not much scope for the patterned area and also the "feel" of the synthetic/manmade and non-woven production is so very much improved ....at a fraction of the cost when it comes to the higher-end being only available via through the costly pattern-book trade.

I great pity though, to see those skills being lost.

f

[irenekent] 21/3/2018 08:22

Good results again although I'm sad about the closure of Ryalux. Best carpet I've ever bought. A shame that there's no market anymore for quality. Todays millennial consumers only seem to spend on 'experiences' rather than domestic goods. Good news about the dividend and nice to see the share price response with a 50% uplift over the last few days.

[rhomboid] 17/1/2018 16:08

What a fantastic obituary , thanks for posting it.

[garbetklb] 17/1/2018 15:57

Tiswas

Sorry for a v late answer. Airea was the carpet making side of the wool company Sirdar which sold off it's home knitting side in 2007 and changed its name to Airea.

Sirdar was originally Harrup Bros, a yarn maker in Wakefield. The founder's daughter was Jean Harrup (known as Miss Harrup) who ran the company for many years; her obituary is below. Her shares were left to her 3 daughters who are/were on the register as Tobin, Upsdell & Ainslie; Ainslie sold the majority of her stake in 2016.

I like the presence of a decent "founding family" stake her - and in other companies. The past few years have been spent managing the pension deficit & rationalising production - the business is much more streamlined now and (I think) the pension situation is under control.

I've met the management and found them sensible, approachable & grounded. I doubt the shares will set the world alight but, as part of a very diversified IHT portfolio, I'm very happy to hold them. We have a substantial holding.

hxxps://www.yorkshirepost.co.uk/news/obituaries/jean-tyrrell-1-2560880

[rhomboid] 19/12/2017 16:41

On dividend they’ve not given explicit guidance but they’ve recently been increasing payout as profits rise so I suspect it’ll surprise on the upside, the generous yield should grow over time. The rental income will show up in this years accounts as it was previously occupied by the business iirc Not sure of the others but David Newlands is an active private investor and an ex FD of GEC amongst many others, he’s in his 70’s I guess , also invested heavily in FTC , v shrewd guy, I don’t see this fitting VCP model as their brands are too upmarket or niche in terms of the high traffic specified market.

[tiswas] 19/12/2017 14:58

Thanks rhomboid.

I am confused by their 18 month accounting period and the last interim report being for 12 months to 30/6/17 and the interim div of 1.75p. What is the full year likely to be?

I can not see any separate note for the investment property income, is it just included in turnover? Makes it harder to look at the actual business returns. Maybe I need a copy of the annual report in my hands as I always find it easier than looking at the online version.

Newlands, Yeardon, Upsdell and Tobin seem to have decent shareholdings but are not directors, do you know who they are or whether they are at an age that they would want to get out?

Any thoughts as to whether VCP might be interested?

Thanks again.

[rhomboid] 19/12/2017 14:40

Hi Tiswas , the valuation of the property was done in 2016, it’s let out for a v handsome rent so is unlikely to be disposed of, the pension costs will continue for a while but are subject to a Triennial review in 2020 and depending on how rapidly corporate bond reference rates rise in due course it should reduce over time, the scheme assets are 47m v liability of 54m but normalised bond rates would see it in surplus again imho

[tiswas] 19/12/2017 13:02

Hi

Just started looking at this.

Would I be cheeky if I asked if anyone knows about the £2.7m investment property showing in the accounts, is that a recent valuation or is there any chance of them selling it?

Are Pension related finance costs of £614k likely to end any time soon?

I will email them if no one here has the answer. Finally, would Victoria (VCP)be interested in them?

Cheers

[fillipe] 04/10/2017 13:31

It doesn't take much to move it higher....current bid/ask, 38p v 39p.

f

[scotch broth] 27/9/2017 10:14

Todays results ok and generous dividend. All in the price at present ; next year could go either way.Hold.

[impvesta] 22/8/2017 16:51

Thanks for the welcome multibagger.

Actually Arcontech doesn't pass my filters as it has a price sales ratio of 3.5 and my filter is set to less than 0.75. Thanks for the heads up on that one though. I will have a look at it in more detail.

[multibagger] 22/8/2017 16:17

Welcome aboard Impvesta !

Another little gem is Arcontech - ARC

This would pass your investment screen as well !

1p maiden dividend announced, 24 Aug 2017 ex-divi date
Market cap circa: £8m
Cash as of 30 June 2017 £2.6m
No debt
Progressive dividend reasonable to expect given cash generation

DoI: I hold ARC

[impvesta] 22/8/2017 15:30

I've dipped a small toe in the water today after researching this one. It passed all my filters when screening for profitable companies with small market cap, low price sales ratio, dividend paying and no gearing.

[rhomboid] 04/5/2017 10:48

Not tipped anwhere I can see..but it's on relatively little volume so maybe just noise

[battlebus2] 04/5/2017 10:26

No idea but a flurry of buys could signal a tip or maybe some news likely

[rhomboid] 04/5/2017 10:23

Anyone got a clue as to why this is up so strongly? my top up yesterday looks to have been better timed than my previous top ups🙂 I keep looking for better value elsewhere but AIEA is so undervalued it's difficult to look past it!

[multibagger] 26/2/2017 09:02

Greenroom78...the management team of AIEA are a cautious bunch and speak with typical Yorkshire straight talk. Nothing flashy and hence not overpromising IMHO and honestly reflecting how they see the market and prospects. The Chariman holds atleast a few million shares, so he has skin in the game as do the CE and FD.

I prefer to hold companies where they underpromise and over deliver than the other way around and there is no shortage of those !

[greenroom78] 21/2/2017 08:17

I'm one of the sell on news people, numbers looked decent, overly cautious statement put me off. Annoyingly I lost a lot of slippage to HSBC's tardiness in processing the 'at best' order I placed at 7.30am. Need to get myself a better broker I think.

Good luck with the longer term view. Shame they got the results out earlier this year and shame the chairman couldn't have been more positive looking forward as they have performed well the past 6 months.

[battlebus2] 21/2/2017 08:12

I thought the results read well enough to sustain the previous ratings, hopefully a bounce after the sell on news brigade have gone.

[illiswilgig] 20/2/2017 09:18

Think you are right.

Somebody either knows or suspects something about trading. The 6month period ended on 31st Dec so the timing is about right for that. Or an offer for the company......

cheers

[oregano] 20/2/2017 09:13

results soon - either this or next week if history is anything to go by.

[ernestus] 20/2/2017 09:13

Surely it can't be based just on this?
hxxp://dailyquint.com/2017-02-17-roger-salt-buys-34257-shares-of-airea-plc-aiea-stock/

Seems to have happened some time ago but is date-stamped today.