Share Name Share Symbol Market Type Share ISIN Share Description
Airea LSE:AIEA London Ordinary Share GB0008123027 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  -2.50p -3.68% 65.50p 45,462 11:44:39
Bid Price Offer Price High Price Low Price Open Price
63.00p 68.00p 68.00p 65.50p 68.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Household Goods & Home Construction 19.26 2.61 8.21 8.0 28.3

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Date Time Title Posts
08/3/201912:26Aeria PLC509

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Airea (AIEA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-03-18 15:19:5566.403,7652,499.77O
2019-03-18 12:22:4866.50781519.37O
2019-03-18 11:44:4063.513,4162,169.50O
2019-03-18 11:44:3365.055,0003,252.50O
2019-03-18 11:43:5866.005,0003,300.00O
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Airea (AIEA) Top Chat Posts

Airea Daily Update: Airea is listed in the Household Goods & Home Construction sector of the London Stock Exchange with ticker AIEA. The last closing price for Airea was 68p.
Airea has a 4 week average price of 64p and a 12 week average price of 54.50p.
The 1 year high share price is 79p while the 1 year low share price is currently 30p.
There are currently 43,254,353 shares in issue and the average daily traded volume is 24,058 shares. The market capitalisation of Airea is £28,331,601.22.
illiswilgig: trident5, thats an interesting view you have of this mornings results? 'UK Sales down' Really? The company reports: 'Revenue for the year increased to £19.3m (12 months 2017: £17.8m, 18 months 2017: £26.9m) following full year sales of new products and the growth in our UK and Export business' How is that 'UK Sales down'? In a comparable period they are up. Statutory figures are compared with the previous 18 month period - caused by the change in end of FY - pro forma 12 month period is provided for comparative purposes. 'Massive inventory holding' Inventories are 6.797m a slight reduction from the previous 6.937m. I don't totally disagree with you on the level - hard to call it low? But massive? That represents about 4 months of stock at the current sales rate. Previously the company has made it clear that it builds stock in advance of product launches. But I doubt that a small company like Airea can operate a just in time manufacturing system so I don't know whether it could be halved without incurring serious risk in fulfilling growing orders especially for export? Also I note stock building in a lot of companies at the moment in advance of whatever happens at the end of this month. Stockpiling raw materials that are imported would be sensible now - and so would shipping some export product in advance to avoid any potential delays in either production or logistics next month. Renishaw appears to have built significant extra stock and sent it to Ireland where they have built a new distribution centre - just as one example. BTW - this has to be an interesting macro-issue in view of economic growth prospects in the second quarter of 2019 ?? there will be a lot of reducing inventory going on? 'Big pension charge shoved through the statement of comprehensive income' On the face of it - that's true enough. It's missing some context though. From October to Decemeber equity values plummeted. By way more than 10% - the US was more like 20%. Airea pension assets were around 39m at the end of the previous reporting period so a 1.2m decrease (plus 0.3m which is an estimate for the recent court judgement on non-discriminatory pensions). This is just a mark to market exercise - the pension does not look underfunded. A rise in the level of equities, which to some extent has already happened, will reverse this. The pension adjustment looks quite reasonable in view of the large shift in the value of equities over the period? Overall - the results look reasonably good to me. I don't expect the market to overly pleased as there are both pros and cons - but the company has net cash, an investment property, and increasing sales and profits - so further increases in sales and profits in 2019 should result in a rising share price, and a chunky dividend whilst I wait. Quite like it - a strong hold for me, cheers
illiswilgig: Might be a bid. But not necessarily. In my view Airea is still undervalued. It's a tiny and extremely illiquid share. Far too small for most insititutions to deal with. And there is little or no research available. Weakness in the share price after the results was likely due to small amounts of selling and not much buying. The results posted 3p for the first half. In the absence of research, no market expectations or knowledge of management expectations it's reasonable to assume 6p for the full year? In which case it was undervalued before and could be seen to be fair value at 60p But that ignores the growth in the first half, the new product launches, strongly rising international sales and continued cash generation. So perhaps 7p is more likely for full year? If so it's still way undervalued and any buying in quantity will pump up the share price. Just my view cheers
thirty fifty twenty: when the mgt took over the share price was c.10p, so I think they deserve to be given credit for their track record. I also have met and decided that the mgt are trustable and have done a good job. At the AGM they saw that the new product development would give them opportunities in Europe. But they can say what they want - none of us know how Brexit will impact trading, so personally I don't see this risk as specific to AIEA but part of my overall portfolio management. As I see it the bigger risk is a downturn in construction activity in the North of the UK. it is not a share for those that are very risk adverse, but am I happy with an investment in this company with its asset backing and good mgt - well that's obviously a yes from me but that may just be holder bias!
mesquida: Romboid, I too am a long term shareholder, back to the days of Sirdar, good size holding, not disclosable but probably more than our friend petebarnes has! I have watched the transformation of this Company under new management during the past few years, and frankly on the basis of what they have achieved during this period I would now reject any offer pitched at less than 80p. An offer at that level or above would have to be considered seriously though, representing as it would a substantial premium to the share price average during the past five years. If on the other hand Halstead walk away and the price subsequently drops, then I would have no hesitation in buying more, which is another way of saying "yes, Board of Directors, I trust you, and thanks for everything you have done here". The next ten days could prove to be very interesting indeed!
trigger blade: rhomboid, I wasn't looking at a chart when I said doubled in a few days, I just had a memory of it being 30p not long ago. You're clearly a long term shareholder, with an understanding of the business. My mild irritation is with instant experts like pete, who start throwing figures around with nothing to support them. I'm a small time, long term JHD shareholder and on that thread, he said the bid would need to be £1. I asked him how he'd arrived at that price and he disappeared. He's suggesting various prices on here, all currently lower than £1, as well as the ludicrous assertion that JHD need this bid to support their own share price. That's a share price that has multiplied many times in the last 30 years, as has turnover and profit. I'm constantly amazed at how JHD have become successful worldwide in a very mundane business area. The share price has dropped from its all time high, but I doubt JHD needs this bid for credibility reasons. JHD is a cautious company and I doubt they'll go all gung ho now Geoffrey Halstead's retired. Although it's a related business area, there doesn't appear on the surface to be any great synergy in terms of products and manufacturing. As a substantial buyer of raw materials, JHD might be able to squeeze some savings out of raw materials and as you said, some management cost saving too. The most obvious area of synergy is distribution, particularly overseas. JHD's distribution worldwide is strong, with a number of overseas subsidiaries against Burmatex with (I'm guessing), an Export Sales Manager, tasked with finding local distributors, whose main focus might not be on Burmatex products. Compare and contrast. The JHD website lists contact details in 77 countries. The Burmatex website says they sell in Europe, the Middle East and Far East and if you want more details, get in touch. I don't have the information, but I suspect that 30-35 years ago, JHD and AIEA (or its eventual constituent parts) were not that different in size (turnover and profit) and if JHD could transform AIEA the way it transformed its own business, that would be great for JHD shareholders and if AIEA shareholders invested the profit from a successful JHD bid, it would be great for them too! I suppose I'm assuming a cash bid, is there any possibility of a bid at least being partly in shares? I am confident that won't overpay (although I accept I don't know what that might mean). They picked the Teesside plant up for a song and I can't see them needing AIEA badly enough to get carried away with the price. We shall see. I'm going for a lie down, I haven't concentrated so much on one thing for a very long time :-)
rhomboid: It did ..but that was driven by me taking all the stock I could get after reading the results and getting my calculator out, in particular looking at the date the new machine was installed,new products were launched & what that implied about the rate of climb in profits 🤔as a result because the price moved more than 10% JHD had to declare their hand as they’d been mulling a bid. Either way we’ll soon see but at the current share price I’m still a buyer & I’m sure others are doing similar sums & getting the same answers
trigger blade: There looks to be a fair bit of wishful thinking and guessing going on here. pete's suggested any price up to £1 should be achievable and since he predicted the share price would get to 70p a few days ago, it's only dropped. I admire irenekent's optimism at the prospect of AIEA (market cap £26m, doubled since the rumour of an offer) eventually taking over JHD, one of the most consistent AIM performers over many years (market cap £830m, down from £1 billion last year). I'm assuming it was a tongue in cheek remark and the smiley fell off :-)
cockerhoop: My view (and others have disagreed with this interpretation) is: The #JHD RNS used the standard terms for offer discussions: This announcement is not an announcement of a firm intention to make an offer under Rule 2.7 of the Code (as defined above) and there can be no certainty that an offer will be made, nor as to the terms of any offer. Whilst the #AIEA RNS stated: This announcement is not an announcement of a firm intention to make an offer under Rule 2.7 of the Code (as defined above) and there can be no certainty that an offer will be made, nor as to the terms of any offer, including whether any offer would be at a significant premium to the current share price. Note the added sentence which I think is steering towards a lower value than some expect. If I had to guess I'd say 65-70p. BWTFDIK!!!
tiswas: Strange buying just the one though. With commission their average cost must be nearer £10.00! I can see that Halstead need to do something. Very pedestrian growth in recent years, high pe and peg, falling share price but excellent returns on capital, margin etc. AIEA say Burmatex is already highly profitable so how much room for Halstead to increase margins there? Or are they just seeing th opportunity to take out a competitor now that the carpet business is going. If Rhom's numbers are in the ballpark could we see them paying 15x 6p eps to give 90p and still earnings enhancing? Quoted 53/57 today, tempting to add a few more.
cottoner: 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").
Airea share price data is direct from the London Stock Exchange
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