Alba Share Discussion Threads

[hightech] 03/12/2003 11:08

Pace should follow IMO

[babolat] 03/12/2003 10:46

Current trade at record levels - previous high £12 - Chart Breakout minimum target £12.
Onwards and upwards.

[rafieh] 02/12/2003 16:33

John,
I don't know about analysts, but I am very satisfied with both the results and the reaction from the market. The chart looks very good too.

[rafieh] 02/12/2003 12:35

Big buys starting to roll in, I would say a bit late. I am surprised that it is so quiet on this board, despite excellent results and confident outlook.

[johnroger] 28/11/2003 14:22

rafieh and Joe .... very much appreciate your input

[joekoe] 28/11/2003 13:40

I had come to a similar conclusion to Chart Breakouts - Bush Internet was a costly error and the management at least cut their losses and ran when it became needed.
Alba have a very sound core strategy of branded low-cost electrical goods sold more through general retailers (supermarkets and catalogues) than electrical chains like Comet and Currys. The key to success in this market is price and distribution, and they seem to handle both faultlessly.
They are extending this core business in several ways, with mixed results. They are broadening the range, with the acquisition of Breville moving them into kitchen appliances on a large scale. Here, they are operating close to their core competencies, and it looks very successful. They are moving upmarket by licencing well known brand-names in other fields (MoS, JCB, Anthony Worral-Thompson). Here the results are more mixed. And they are expanding into Europe, with the Roadstar acquisition. Still too soon to call.
Alba's core low-cost brown goods UK market is mature, so growth has to come elsewhere. The expansion strategy should produce this growth. Even where new ventures fail, the experience with Bush Internet demonstrates that the management will not stand idly by. I would rate Alba a growth stock that also manages healthy profits. 20% profits growth seems perfectly achievable, which should justify a forward PE of 15-20. On this basis the £12 target should be within sight in 18 months.

[rafieh] 27/11/2003 18:44

John,
I read the article in the Nov. issue of the Chart Breakout. ABA is one of their main recommendations this month. The auther points out that the company's growth since 1988 has been strong with sales up from £41m to £538, and profits from £4.6m to £28m. He believes all the signs are that there is more growth to come with the group continuing with its strategy of developing into new markets like gym equipments, hair curlers and toasters either by aquisition or by licensing.
It goes on to say the company made a mistake in 2000 when it began subsidising the sale of TVs with an internet connection. This venture never produced the expected growth and cost £36m in charges against profits. If the internet losses are excluded the group carried on with unbroken growth in those years(2000-2003) and the pace is showing signs of accelerating. The current modest rating suggests the share recovery should continue.
And from the technical point of view, it says the shares have completed a large base pattern between 2001 and 2003. The move above 550p signals a breakout with a minimum target of 1200p, around the old peak.

[johnroger] 27/11/2003 14:39

rafieh .... could you post the article or give us the gist?

[rafieh] 27/11/2003 11:56

Chart Breakouts gives the minimum target of £12.

[johnroger] 26/11/2003 16:04

Joe ...Likewise for local Tesco,latest ad leaflet has Alba products featured also.Good to hear about Argos.Interims to 9/02 were 12.7p EPS and forcast growth is sub 10%.Any surge in earnings over this should give the share price a boost.All will be revealed on Tuesday

[joekoe] 20/11/2003 16:01

Just come back from my local Tesco's which was recently enlarged to add a substantial non-food area a la Asda/Wal Mart. The back wall is lined with TVs, every one of which is Bush branded except for a Sanyo model. There's stacks of Goodmans and Breville microwaves, and nearby is a non-stop demo of a ghastly £49.99 Alba karaoke machine. Elsewhere are shelves of Alba-made toasters, kettles, coffee machines, irons and more.

GUS announced superb results today, including 14% sales growth at Argos, which is phenomenal for a mature retail outlet. GUS is forecasting that Argos will outperform its competitors at Christmas. Argos too is stacked with Alba products, which are heavily promoted - with full page spreads - in the catalogues, and prominent on the web site.

This must be very good news for Alba. At current price, historical PE and yield are not stunning, but based on recent history, a strong half-year should give Alba a considerable boost in profits. At the full year, turnover increased from £434m to £530m, while after tax profit leaped from £4.7m to £23.4m. What effect on half year profit will a similar growth in turnover have?

[johnroger] 19/11/2003 17:07

Expecting good results after prevoius statement

RNS Number:2684S
Alba PLC
19 November 2003


19 November 2003


Alba plc

Alba plc will be announcing interim results for the six months ended 30
September 2003 on Tuesday 2 December 2003.

- Ends -

For further information please contact:
Weber Shandwick Square Mile 020 7067 0700
Susanne Walker


This information is provided by RNS
The company news service from the London Stock Exchange

END
NORQKLFFXFBFFBV

[johnroger] 11/10/2003 12:46

Positive report in FT today

[johnroger] 25/9/2003 17:45

LONDON (AFX) - Shares in Alba made headway among mid-cap issues after the
company said that trading in the first half has continued to be strong and in
line with management's expectations.
In a statement prepared for today's AGM, chairman John Harris told
shareholders Alba continues to expand its product range in growing markets and
remains confident of continued progress this year and thereafter.
Alba shares were 5 pence firmer at 602-1/2 by 8.26 am.
fjb/rn
Have you noticed that Tesco is full of their TV sets [Bush,Goodman etc]?

[dr darkstar] 25/9/2003 11:23

Breakout today

[dodddy] 25/9/2003 06:00

long from 5.63 and 5.70 looks good for a run to 7.00

[cockneyrebel] 09/6/2003 07:01

Big mark up on the open and chart breakout - looks like investors expect good results this week.

D

[casino123] 04/12/2002 05:13

theres been a steady a rise in this share in the later part of 2002 as alba sales and profits have grown ,even better results are expected early december

[y cymro] 05/11/2002 11:09

What does this tell u?

[y cymro] 03/11/2002 20:24

ok, where am i going wrong?

[fazzaa] 02/8/2001 21:42

That was a buying opportunity missed! Now at 365 (Offer)!!