Airea Share Discussion Threads

[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?

[bda3490] 29/10/2021 14:35

Back above 30p

I’m feeling giddy- bought some at 28p or the basis that this Dave Newlands is well underwater but is supposed to be savvy and out of pride ( probably shame) will stir up some changes . I didn’t bet the farm but something has to happen . The ceo has sold out but sticking like glue to his wage packet the old family shareholders wrote it off years ago

[rhomboid] 10/9/2021 19:20

I’m still here ..just holding less stock as I had other fish to fry that required grub money…if that isn’t a mixed metaphor too far

[dolittle1] 10/9/2021 18:53

Rhomboid is no longer with us in AIEA (still alive and kicking though)

[illiswilgig] 10/9/2021 12:26

Yes I thought they might.

Looks like the bid-ask spread went down firt thing on very low volume and the algorithm would interpret these trades inside the new spread?

Another 90k just went through. I doubt very much that these volumes would have been handled automatically so hard to tell from the spread? Not that it matters? Whoever is selling - it seems there are buyers as well.

cheers

[garbetklb] 10/9/2021 10:56

They are all being shown as Buy on LSE Level 2 - bit surprising

[illiswilgig] 10/9/2021 10:27

No reason that I know of. A lot of stock changing hands today though. Price is down so assume more sells than buys.

Normal volume seems to be around 15k daily - this morning 170k @30p 20k @30.99p and 25k @30.55 - can't tell on google finance which are buys and which are sells.

cheers

[spooky] 10/9/2021 10:06

Any reason for todays fall?

[alter ego] 08/9/2021 15:26

I share SRT with him and once held KMK.

[illiswilgig] 08/9/2021 14:53

Thank you, well done for digging that up. Very interesting. Airea seems to be the only stock I have in common with him, though some of them I have looked over recently.

[alter ego] 08/9/2021 10:30

He seems to have sizeable holdings in quite few companies last valued at > $34 million

[illiswilgig] 08/9/2021 10:15

I notice an RNS on 7th Sept that private investor David Newlands increased his holding in Airea by 1% to 9% from 8%. Part of his investment is in the form of a rolling spreadbet and this appears to have increased slightly to 0.55% from 0.5%

Airea is such a tiddler that an extra 1% of the company will have only cost him around 130k? But even so I can't imagine that he is the habit of throwing good money around without careful evaluation? Interesting timing given the recent results?

cheers

[illiswilgig] 07/9/2021 10:58

Indeed Airea - updated.

Thank you for that,

cheers

[illiswilgig] 07/9/2021 10:09

Just to be clear - I did not attempt to compare Airea with Headlam.

Airea (Burmatex) is a supplier to Headlam. Amongst others.

Headlam is primarily a residential distributor and confirmed that its commercial market was subdued in H1 and its commercial sales (including Burmatex) were -12% relative to 2019.

Airea did not give figures relative to 2019. I estimated that Airea UK sales were -6% compared with 2019.

Which I found to be interesting as it appears that Airea in the UK is doing better than its market overall. Exports, unfortunately, is another story.

Halstead is a £1.2bn international manufacturer and distributor of specialist flooring. Victoria is a £1.2bn very acquisitive buyer of carpet, tile, artificial grass and hardwood flooring manufactureres and distributors primarily in the UK, Europe and Australia. Airea is a £10m manufacturer of carpet tiles in the UK. Comparison appears to be limited except that Airea is most obviously the kind of company acquired by VCP or JHD. Unfortunately neither have done so.

Quite the reverse. JHD walked away. Sadly I did not.

I used to own VCP shares. But sold them when they doubled. Way too early.

I learned my lesson and did not sell my AIEA shares when they doubled. Sadly I did not sell my AIEA shares when they 10-bagged to 75p either. Even though JHD walked away and the CEO sold all his shares to the company EBT. Same CEO who did not sell to JHD. Opportunity to learn a difficult lesson. How well I have learned remains to be seen.

That was then and this is now. I can't go back or I would be much wealthier. I do still own AIEA shares, so should I hold or sell? If AIEA is outperforming the market at the moment then that gives me some confidence to continue to hold and I'd prefer to sell me holding into a rising price given how illiquid this share can be.

When I do sell I doubt that I'd buy VCP shares on their current rating. It's market cap is 1.2Bn but its enterprise value is 1.7Bn (500m net debt) and its PE is 29x current year forecast profits. And its on almost 6x it's Net Asset Value. Presumably much of that is intangibles from its acquisitions as its EV/EBITDA is 16 despite it having 500m debt.

By contrast AIEA has a market cap of 13m and an EV of 11.5m (net cash) is on 14x trailing twelve months earnings, 0.75x Net Asset Value its EV/EBITDA is 6.8 and its 2019 ROCE of 14 is higher than Victoria has achieved in recent years. Victoria shareprice has risen dramatically. I am not saying it won't rise further, just that its not my kind of share. Looks like I'll be holding AIEA shares for a while yet in anticipation of significant improvement - though probably not a qunintupling. But don't take my opinion for it - do your own research,

cheers

[trigger blade] 07/9/2021 08:38

I agree bda3490, the companies are not comparable. It would make more sense to do a comparison with other manufacturers, VCP for example who reported final results recently and JHD who are about to do so.

I’m not in VCP, but at a glance, their share price has quintupled in the last 18 months, they must be doing something right!