Alexandra Share Discussion Threads

[washbrook] 21/10/2002 13:58

Major Holdings
Framlington 12.5%
Aberdeen Uk Grwth 4.3%
ABN Amro 4.3%
Mr Mrs RG Persey 4.3%
CFE Davies 3.7%
DIAGIO Pension Fund 3.3%
Mr Mrs Prior 3.2%

Directors 0.71%

[johnpaul1] 21/10/2002 13:33

but there are 33m shares in issue and between the 4 or 5 directors they own 226000. hardley a substancial stake for a MBO

[realdealer] 21/10/2002 10:37

Then there's mention in the Mail,and again in the S Times.

[washbrook] 19/10/2002 22:04

18.10.02 :+1.25, (44.75) IC say Buy(44p) - BULL POINTS Shares are asset-backed, and offer a chunky yield - Strong profits recovery expected - BEAR POINTS Trading conditions are competitive - Patchy trading record. Recently-appointed house broker Evolution Beeson Gregory expects profits of £3.9m, with earnings per share of 8.1p for the year to 31 January 2003. A maintained and covered dividend is also on the cards. Shares in Alexandra have understandably stood still as restructuring has taken place. Conditions are tough, but sales in September were up 8 per cent. And at current levels, the downside looks limited. Buy.

[dennis russell] 19/10/2002 18:31

C'mon guys, this is getting ridiculous. Here's a business that has shifted its manufacturing overseas, eaten all the pain and got things sorted. Results look solid, with more to come. And still no one seems to be interested. So should they just go private?

[addict] 01/10/2002 11:23

Results to be announced 8th Oct.Be interesting to see how well founded the director buys were, made @55p,together with the FD's additional purchases @62p.Latest info from the company was that results were anticipated to be in line with expectations,so the performance in the share price is a bit mystifying.

[dennis russell] 27/9/2002 19:06

half-year results due around Oct9th. Might today's jump indicate a leak?

[washbrook] 21/9/2002 18:35

dennis russell
you were right regarding share dates the divi was 1.9p

[washbrook] 20/9/2002 03:23

dennis russell
interims7.5.02 stated that dividend was 1.9p not 5.4p .look on fundementals on this board does not show this dividend,
Sent an email to company hasn't replied so far

LONDON (AFX) - Alexandra PLC results for year ended January 31, 2002
Sales - 74.5 mln stg vs 72.2 mln
Pre-ex opg - 3.2 mln stg vs 7.6 mln
Pretax profit - 2.0 mln stg vs 5.1 mln
EPS - 4.6 pence vs 10.3 pence
Final dividend - 1.9 pence vs 5.4 pence
Total dividend - 4.6 pence vs 8.1 pence

[dennis russell] 19/9/2002 16:21

final of 5.4p was paid 13th July. next interim due early Dec.

[washbrook] 15/9/2002 17:11

Could any one tell me when the final divi is paid 1.9p.
Can't find any info on dates.
Sent an email to [e-mail]

[dennis russell] 10/9/2002 17:28

perhaps today's appointment of a new financial adviser/lead broker, (beeson gregory)will improve the image. a share price back to 80-100 looks about right.

[washbrook] 10/9/2002 14:55

Why are they so low.
At the AGM Chairman said they would meet market expectations.
Consensus £m ptp 8.5p eps divi 4.8p Projected pe 5.06 peg 0.16
Why all the gloom

25.06.02 :-1.5, (59.5) at the AGM chairman said that sales for the first half of the year will be similar to those in the same period last year. Based upon the corporate roll-outs scheduled for the second half year the company expects to achieve market expectations in the full year. The company is now well placed to capitalise upon its implementation of global product procurement. The year to 31 January 2002 was challenging and this is reflected in the results to that date. The move to off-shore sourcing, originally focussed upon Morocco, was well established, but the added complication of moving the manufacture of many garments to factories in more distant locations resulted in disruption to supply of both raw materials and products. This also effected efficiency within distribution. The need for the business to move to global procurement was essential if the company was to remain competitive in what is a price sensitive market. To ensure customer service issues were minimised abnormal costs were incurred including overtime and air freight. As a result of the action taken no customers were lost but there was an adverse impact upon sales and profit. During 2002/3 these problems have been resolved and the supply of garments has been restored to traditional levels. Also, the infrastructure, both with regard to personnel and systems, has been strengthened. We are now sourcing 7 million garments from three continents. On a more positive front the company continued to win new contracts with prestigious customers. As a result turnover increased by 3%and volumes by 10% in a market where prices fell, on average, by 7%. This demonstrates a significant increase in market share. Borrowings increased to £22 million during the year as a result of higher stocks and debtors. This is a direct result of the success of the sales initiatives and the move to global procurement that entails longer lead times.

[donnhaus] 30/7/2002 10:56

well it looks like the answer to my original question is mr g persey!who he?i,m still holding as i,ve had them for years as a divi play it's looking like the dust has settled and they seem to be back on an even keel.perhaps any potential suitor scared off by the horrible profit warning may be tempted back,for if there was ever a market that was ripe for consolidation its this one.on a darker note that gearing still looks a little scary.

[washbrook] 11/6/2002 08:21

Stock ex div today pay 12.7 =1.9p

[dennis russell] 11/5/2002 00:28

I've picked this as a strong recovery/takeover situation. Notice that the new Finance Director appears to have spent £50,000 to buy a stake @62p.

[honiton] 07/5/2002 20:25

This should be a t/o target but Davis Service seem to have their hands full at the moment.

There may be one or two others.

PS I'm not a holder, and neither do I intend to be. Just watching.

[washbrook] 07/5/2002 17:37

At 8.15am they were down 2p I was puzzled.
I should have bought.

[sixiron] 07/5/2002 15:34

Still in profit , 8.6% div for year , what more do you want

[strudwick] 07/5/2002 15:09

I thought the results weren't that great , whats with the rise today ??

[donnhaus] 25/1/2002 15:53

commiserations vector
i've held these for a few years also,just taking the nice divi and not worrying to much,but this is a shocker.
it,s looking like the whole out-sourcing thing has been a complete disaster.
it goes without saying they are now extremly vulnrable and i think the managment should openly invite offers,because they now seem to be incapable of running the thing.
donnhaus

[vector] 25/1/2002 14:12

I am in this one with you donnhaus.

I've had shares in this company for a number of years. It always seems to be doing the right things management wise and the outlook (from the management ) is usually opitimistic. Somehow or another though results always fall short of expectations.

Personally I shall sit on what I've got and hope to be taken out since you think a takeover is possible but I won't be tempted to average down this time.

[honiton] 25/1/2002 11:55

Could be worth a buy. Takeover target.

Why can Sketchley's do so well and AXD fail. As I commented earlier - there are management issues here rather than trading environment.

regards