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AIEA Airea Plc

21.50
-0.50 (-2.27%)
Last Updated: 08:00:37
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Airea Plc LSE:AIEA London Ordinary Share GB0008123027 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.50 -2.27% 21.50 15,000 08:00:37
Bid Price Offer Price High Price Low Price Open Price
20.00 23.00 22.00 21.50 22.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Homefurnishings Stores 21.59M 769k 0.0186 11.56 9.1M
Last Trade Time Trade Type Trade Size Trade Price Currency
08:00:24 O 15,000 21.1111 GBX

Airea (AIEA) Latest News

Airea (AIEA) Discussions and Chat

Airea Forums and Chat

Date Time Title Posts
30/9/202422:31Aeria PLC889

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Airea (AIEA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:00:2521.1115,0003,166.67O
2024-11-20 15:14:2323.451,000234.50O
2024-11-20 13:45:3221.1120042.22O
2024-11-20 11:33:1922.0511,0002,425.50O

Airea (AIEA) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 by Airea Daily Update
Airea Plc is listed in the Misc Homefurnishings Stores sector of the London Stock Exchange with ticker AIEA. The last closing price for Airea was 22p.
Airea currently has 41,354,353 shares in issue. The market capitalisation of Airea is £8,891,186.
Airea has a price to earnings ratio (PE ratio) of 11.56.
This morning AIEA shares opened at 22p
Posted at 09/1/2024 12:00 by tiswas
And down we go! Pretty frustrating share to hold but still trading way below nav, has net cash, profitable.....
Posted at 22/11/2023 20:16 by bda3490
I think the kitchen sink might not be enough.

Radio silence on this penny share.
Posted at 10/10/2023 12:38 by irenekent
New CFO and price dropping like a stone. What's happening here?
Posted at 27/7/2023 08:50 by illiswilgig
Promising interims I think? Management is usually cautious at the interim stage. And under current conditions that seems sensible?

Sales up 15% and operating profit (before wc) up 10% seems good. Given the statement about price sensitivity a lot of the increase is volume not raising prices. With the investment in looms and solar power (does the sun ever shine in Wakefield?)increasing volumes will have operational leverage. New prestige products will raise prices.

Yesterday's market cap 13.5m - probably a tad lower today. So significant discount 22% to net assets. And at a discount to current assets? Esp if you consier the £4m investment property.

Outlook is remarkably positive on the 'transformational' prospects. The new CEO seems quite carried away? And ability to manage the cost pressures - while urging caution - seems more of the same?

Never going to be a wild ride multi=bagger but looks to be a good little steady-compounder developing?


cheers
Posted at 27/9/2022 18:53 by bda3490
Rash !

What like get the price up ?
Posted at 01/8/2022 18:15 by bda3490
Some of us were in at prices above £ 2 unlike penny share punters launching in £250 online and expecting to make £5 k !!
Posted at 01/8/2022 18:12 by bda3490
Yes Dave Newlands needs price to double to get half his money back !!

Just because he’s lost out and owns a big slice. What we need is an activist that puts a man on the board. New ceo due - bet he wants cash salary not options !!!
Posted at 28/3/2022 18:22 by bda3490
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…..
Posted at 18/3/2022 17:52 by cwa1
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.
Posted at 07/9/2021 09:09 by illiswilgig
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
Airea share price data is direct from the London Stock Exchange

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