Airea Share Discussion Threads

[arthur_lame_stocks] 26/11/2020 14:12

FWIW I bought a few the other day as I feel this has good recovery potential coupled with a bulletproof balance sheet.

[mesquida] 26/11/2020 14:02

Or is it just a case of value seekers scouting around for stocks that have not moved much in the recent market rally.

[checkers2] 26/11/2020 13:54

Have they given a presentation somewhere? Strange the sudden lift today

[mesquida] 26/11/2020 13:27

But surely Victoria are much more in the domestic market, whereas Airea is totally commercial.

[clitheroekid] 26/11/2020 13:02

There are rumours that a bid may be coming from VCT, who have just received £170m for acquisitions.

[arregius] 26/11/2020 10:20

Cto update was encouraging maybe

[someuwin] 26/11/2020 08:28

This one seems to be coming back to life.

A good recovery prospect - imo.

[mesquida] 27/7/2020 14:25

And your reasoning is ?

[arregius] 27/7/2020 10:15

I dont think this will stay this low anytime soon

[muckshifter] 15/5/2020 17:26

Thanks, gdjs100, glad I forgot it was on and didn't waste my time then!

[gdjs100] 15/5/2020 11:52

Yes, it lasted four minutes as the votes for and against were read from a script. That was it.

[muckshifter] 15/5/2020 10:45

Did anyone "attend" the AGM, as I would be interested in any update on how they are coping with the effects of the lockdown etc?

[bda3490] 06/5/2020 13:08

Bet they blame covid 19

[norbert colon] 02/5/2020 19:13

https://www.speakservecloud.com/register-for-call/ef9a1bfa-4e24-46d0-9546-56976827f9ef

[arregius] 02/5/2020 18:02

Registered for the call! ?

[mesquida] 26/3/2020 14:45

Very well written statement, and very reassuring too.

[bda3490] 17/3/2020 19:19

Turnover up
Profit down

But margin improved!!
Nice

[arregius] 11/3/2020 12:15

As per management, margins improved

[bda3490] 10/3/2020 20:17

Who cares about hitting turnover.
They overstocked for Brexit???

They supply the uk !

Then they sold it off cheaper and lower margins ..much lower. Hence hit sales expectations!!!

Profit vandalism

[thegreatgeraldo] 05/3/2020 18:17

BrileyLoucan,

They've issued a correction

[alter ego] 05/3/2020 12:47

I know AIEA do not directly serve the retail market but given the number of flooded premises, shops, pubs, offices etc, I wonder if they might see some extra demand in due course, for replacement flooring. Can't see contractors doing the work on behalf of insurers trotting off to Carpetright for floor coverings.

[dangersimpson2] 05/3/2020 11:56

They hit my revenue expectations but missed on profits, mainly due to a lower operating margin H2 of 10.5%. This has declined significantly over the last few halves, presumably due to competitive pressures or increased costs (we can't really know which because they don't provide a gross profit figure.)

Operating profit before exceptionals in H2 slightly below H1 suggests this isn't going to be a quick turnaround.

Positives are the big reduction in inventories and the reduction in pension deficit. I'd be interested to know how they have achieved the PD reduction though, they say 'group's successful investment strategy and management of liabilities' is responsible, but if it was a high percentage equity portfolio & rates going up, this isn't going to look that great after February this year!

Outlook relatively positive given the recent poor H2 & global macro outlook so maybe they can actually turn the corner eventually.

Anyway looks fairly valued on a P/E of 11 & and EV/EBITDA of 6-7 depending on how you account for the PD contributions. You have to believe management can actually reverse the continuous decline in margins to see any significant upside from here.