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AXD Alexandra

5.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Alexandra LSE:AXD London Ordinary Share GB0000143353 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 5.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Alexandra Share Discussion Threads

Showing 351 to 374 of 500 messages
Chat Pages: 20  19  18  17  16  15  14  13  12  11  10  9  Older
DateSubjectAuthorDiscuss
13/7/2009
11:19
this is just steadily and regularly falling - wish I had the funds and/or bottle to double up my shares !
sscrabble
08/7/2009
09:28
I am looking for an appropriate point to add. At 25p they are on PE of under 3. If they can get the planning permission on the retail site then I think that will be the catalyst for the next leg north. Debt is the concern and 15 mil would put a big dent in that. As current trading appears reasonable (all thing considering) and costs savings will filter through this year and next , benefiting the bottom line, the share do look a classic recovery play.
the big fella
19/6/2009
06:57
Trading statement released:

"Group turnover ... in line with management expectations."

"Profit before tax is broadly in line with last year ... benefiting from the Four Point Plan"

"The Board remains cautiously optimistic of Alexandra's prospects and ability to exit from the current economic climate stronger and more able to build on our market leadership."

Seems reasonable enough to me. Hopefully a re-test of recent highs over the next few days?

hyden
03/6/2009
09:43
This company is weathering the economic storm admirably -- but its performance isn't reflected in its share price.

There are several companies around which have put in excellent performances despite the severe downturn; yet the market has still slashed the share prices.

Corporate uniforms and workwear supplier Alexandra (LSE: AXD), is one example where not a huge amount has changed other than sentiment -- or so it would seem. But the share price is a fraction of its former value.

Feeling the pinch

Under its slogan, "clothes that mean business" Bristol-based Alexandra supplies all manner of corporate clothing and accessories. And the company is feeling the pinch. Almost all its products are sourced from overseas suppliers and priced in US dollars. The dollar's 'safe haven' strength of last year did nothing to help Alexandra's performance. And the overall recession has seen companies cutting costs and deferring purchases wherever they can. So it's not surprising that the company's final results for the year ended 31 January showed turnover down on the previous year. But it was only down by 3%, whilst operating profit came in at £6.1m, compared to £7.0m the previous year. This was an excellent performance in the circumstances.

The big question for potential investors is whether those circumstances look likely to reverse. If so, today's price of 29p, which values the company at just £9.7m, looks very tempting indeed. After all, a year ago, the market saw fit to value Alexandra at three times that level.

Fighting back

The company's management has taken measures to combat its difficulties; hedging the dollar and completely restructuring the business to safeguard future profitability via a plan announced at the interim stage.

One of the main factors that hurt Alexandra's value last year was its debt level. Net borrowings of £25.5m are high in relation to the company's valuation today. But it wasn't so long ago that debt to fuel expansion and ensure healthy cash-flow wasn't the unmentionable four-letter word it has become over the last 18 months or so.

Also, the overall net asset value of over £32m and net tangible assets of £22.7m offer some downside protection. Interestingly, the tangible assets include the freehold to a factory site in Uddingston, Scotland of seven acres. The intention is to seek planning permission as a food retail site. An independent valuation of the site has indicated a market value of £10m, rising to £15m if permission is won. This could take a big chunk out of the debt.

The future

The broker predicts earnings per share of 8.3p for next year, which puts the shares on a forward price-to-earnings ratio of 3.5. This is extremely cheap, of course, if it comes to pass. But it would look positively pessimistic to me, based on any kind of sustained recovery.

The new chairman looks like he means business. He's certainly made changes so far, easing out the previous CEO and Finance Director, cutting costs and positioning the company for the future.

The chart's fairly horrible, unless you managed to buy in March or early April. Yet this isn't really reflected in the results so much as the perceptions. Taking a wide-angled view of things, turnover and operating profit have been fairly consistent in recent years. It just goes to show what an important role sentiment plays in share price movement; manna from heaven for the value-hunting contrarians amongst us.

Alexandra could easily be a multi-bagger from this level, in my opinion. The shares went over 175p three years ago. It could easily happen again given a fair wind and a shift in sentiment -- but it may take time, and it could get cheaper first.

gingerplant
21/5/2009
08:45
Wakey , wakey. These are starting to move north again. Great entry point per the chart.
the big fella
08/5/2009
20:23
Another point that has been completely overlooked in the results is the property update. AXD have been murdered because of the level of debt. But if the sell the Scottish site they can reduce debt by over 13 mil in one hit. That will bring debt to about 10 mil. a level which really wouldn't be a concern.
EPS 9.5p so trading on a historic PE of 3.5. These could easily double and still be cheap. We know they are stripping out the costs. Business well positioned to weather an extended downturn. But as we know markets will look 12 / 18 months ahead. Tuck some away and these will no doubt multi-bag in time.

the big fella
08/5/2009
13:44
These are up 3p on PLUS where most of the selling was yesterday. Onwards and upwards.
the big fella
07/5/2009
15:05
BINGO. New Chief Exec and FD. This Chairman means business. Watch the new team reduce stock and cut cost.
roccoco
07/5/2009
11:10
Sscrabble - you are right. Well placed for economic recovery. Surely way too cheap. Market was impressed with the early mark up. A few profit takers but I am sure that stock will get recycled.
the big fella
07/5/2009
10:56
9 pence eps through the worst of the recession, and the price is still around 30p - unbelievable !!
sscrabble
01/5/2009
06:20
cup and handle?
roccoco
30/4/2009
14:35
What's occurring?
up 24%...a bid?

bollers
19/4/2009
19:31
Suspect more to this rally than one knows at the moment.
battlebus
19/4/2009
12:28
Gum- had these on my watch list for ages. Was just waiting for a reverse on increased volumes. Managed to time my purchase well. Its a trade not a long termer, as they do have plenty of debt.
the big fella
19/4/2009
11:39
why did somebody take 13%???
roccoco
19/4/2009
10:15
THE BIG FELLA - 30 Jan'09 - 14:24 - 110 of 118


Just taken a look at these. They are highly geared, and with the market currently hating anything with debt, the price has been murdered. They were profitable at the interims although I suspect things have deteriorated markedly since then. If there is a forced seller than these may continue on their merry way south. Anyone like to enlighten me when their long term debt is up for renewal?

gumarabic
19/4/2009
07:32
Final figures due out in the next few days. I understand broker is saying £4 million for year and this close to figures company should know the figures. There is little confidence in CE and I understand replacement is in hand. If they pick a good one this time who reduces stock, debt and costs this one could be back to £1 in 18 months.
roccoco
14/4/2009
10:11
Glad I took a punt on these last week. already over 50% up.
the big fella
09/4/2009
14:17
Further upward movement in the share price on negligible volume traded...
addict
08/4/2009
08:45
400k sold by another fund...
sportbilly1976
07/4/2009
17:02
well it would seem that the funds are selling and the director is taking all their stock on...

MBO coming??

sportbilly1976
07/4/2009
11:01
Moving higher in an otherwise dull market.Have tried to top up online but market is very tight.Drop looks well overdone imo.DYOR
addict
06/4/2009
19:27
Anybody know what is happening here? This was a January year end company should know the figures by now and issued a profit warning if anything different than market expectations. Lots of buys lately. Where is stock coming from?
roccoco
19/3/2009
11:11
There's a buyer picking up loose stock.Directors were buying at over double the current price.
Could be a good time to dip the toe in the water while survival doubts exist.I personally believe the drop is overdone but DYOR.

addict
Chat Pages: 20  19  18  17  16  15  14  13  12  11  10  9  Older

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