Airea Share Discussion Threads

[mesquida] 20/1/2013 08:03

Large trades on Friday - greengiant adding to his stake ?

[greengiant] 14/1/2013 08:28

Bought in this morning. Maybe I will suggest that HVE and AIEA get together! Deal with the same client base.

:-)

gg

[irenekent] 21/12/2012 06:55

Down and down it goes - what is it going to take to revive this? Maybe there is something we don't know as there seems to be someone selling over the last few days.

[gingerplant] 25/9/2012 07:42

Yet again, Airea puts in a defiantly good performance and demonstrates good value credentials, depending on how sanguine a view you take on pensions. Yet again, I'm sure it won't make much difference to the share price and my patient holding of a few shares!

By their normal standards of curmudgeonliness, they're positively gushing today: "...we increased our net profit for the year and made good progress on a number of strategic objectives, including the rationalisation of surplus leased properties.

"We face the future with confidence. We have a stream of new products to launch in the market with international appeal as demonstrated by our export sales growth. We have increased margins through careful management of pricing and lowered our cost base as a result of operational efficiencies and overhead reduction. We are managing the pension deficit in line with our plan for deficit elimination and will enter the new financial year with lower property outgoings and with the significant cost of the backing plant move behind us.

In view of this the board is pleased to declare a final dividend of 0.4p per share."

A dividend no less!

They made pre-tax of £383k on sales of over £26m; mkt cap under £5m.

But the bottom line is always the same here; the net working capital is close to twice the mkt cap, NTAV £10.9m. I won't be holding my breath for the market's reaction though!

[irenekent] 17/8/2012 16:38

Any life in this still? Can't seem to find any news.

[the troll] 21/3/2012 15:44

NTAV = 35.4 pps ( NO debt / goodwill ); = 70%+ ( genuine ) discount with share price @ 10.5 p; there's value here ( IMHO ) but timescale to realise might well be lengthy.

[bda3490] 19/3/2012 15:55

Dirt cheap or just DIRT

[liarspoker] 24/1/2012 15:03

It trades at a discount of over 33% to net working capital and that doesn't include the properties worth up to £3m. So yes it's dirt cheap - whether profitable or not.

[wilco1000] 24/1/2012 14:51

this company looks dirt cheap - pretty risky as the interim results could easily show a slip into a loss but just based on current fundamentals alone there is no way that £5.3m MCAP is justifiable

[mesquida] 27/9/2011 21:41

Reduction in pension fund net liability makes posting by bda3490 on 15th June look a bit adrift - any comments, bda?!

[the troll] 27/9/2011 13:44

final's out today; reported NAV now = 35.7p ( notice the £4.2m REDUCTION in previously reported pension fund liabilities, c 9p of increase down to this alone ! ), of which CASH = 6.6p ( there's NO bank debt ), DIVIDEND RESTORED ( truly astonishing ! ) to yield 4% + with share price @ 12.25p. classic asset / value play ( IMHO ); very happy to hold ( NAI ).

[bda3490] 15/6/2011 14:56

I think this one will end in tears. A pension fund owned asset.

[bart1066] 18/5/2011 17:55

Victoria carpets now selling as carpets@home via tesco

[envirovision] 13/5/2011 11:46

Wonder what they know that we don't ?

[the troll] 13/5/2011 11:26

OK, + 16% in 2 days; fess up, who's buying ( & more importantly, why ?? ).

[irenekent] 13/5/2011 11:26

And up it goes.

[the troll] 15/4/2011 18:15

51% Arthur & it's topped the ADVFN leader-board. there's nothing quite like a good old fashioned round of director share buying ! ( + new contracts & unrevalued properties, of course ! )

[arthur_lame_stocks] 15/4/2011 16:57

Has the price really surged 50% in a day?

[irenekent] 15/4/2011 11:21

Looks like the re-rating may have started - has it been tipped somewhere?

[irenekent] 14/4/2011 16:36

Glad I didn't sell - been in these since the sirdar days. I think there is quite a bit of value in the property and under the new guidelines I think they may find it easier to get planning for residential development. Don't tell me those directors don't know something!

[the troll] 14/4/2011 14:16

read on !!, their CEO bought 425K & FD 150K same day ( total buys = 1m, wonder who sold out ?? ). the opportunity to buy @ 9.4p ( see post 43 ) looks to have gone. new contracts / unrevalued properties may not be the only attractions they're aware of ? very happy to hold but no advice intended.

[gingerplant] 14/4/2011 10:17

"The Company was notified on the 13 April 2011 that on that day Martin Toogood, non-executive Chairman of the Company, purchased via his SIPP account 425,000 ordinary 25p shares in the Company ('Ordinary Shares') at a price of 10 pence per share."

A fair-sized buy for a so-called crock!

[arthur_lame_stocks] 24/3/2011 19:29

Hi Des

I could say that i'm a bit surprised you don't like this but you do like CRU!!

I've sort of followed CRU for years. I can completely understand your rationale for investing and I guess you've made a good turn but they've invested millions in capital over the last few years and it doesn't seem to have done them any good.

Airea does at least seem to be a viable business, even if the pension fund is a major drag on profitability and cashflow.