Alexon Share Discussion Threads

[cockneyrebel] 05/6/2008 14:54

And I told you you would do your gonads on SUY - I think you should be listening to me!

CR

[cockneyrebel] 05/6/2008 14:42

Frauddy, don't you worry about me, you lick your own wounds with SUY.

WGB (I think you mean) might have debt, so has ACE - I've nearly one bagged and will 2 bag imo. WGB I'm still up 100% on the massive load I bought around 16p. Debt isn't a problem for the co's I hold that have debt (bar JSG perhaps - a small punt there for me). Debt is only a problem in the investors mind at this moment in time - I predict that in the months to come investors will be scranbling to buy co's with debt because they ain't going bust and most are more highly geared and will be in demand when the anal-lists decide that debt is a good thing once again and the world isn't ending.

CR

[ydderf] 05/6/2008 13:47

Crookney compare and cotrast AXN with WGN - the common denominator for most of your alsorans is DEBT and loads of it - this is not the market to be in DEBT see also TPT and many other of your weakest links, truth is, by splitting your funds into myriad punts, any you do get right doesn't do you much good, becuase the debt groaners are gonna get you good!

[fin man] 05/6/2008 12:38

To me that reads as a reasonable trading statement, givn that the good weather has only just reared its head. Hopefully, the shoppers will follow.

[cockneyrebel] 05/6/2008 11:42

dunno, hard to guess what goes through the head of small investors (or should it be the small head of investors?) - I gave up trying to work that out months ago and do my own thing on retail stocks these days.

CR

[doowle] 05/6/2008 10:25

Halo effect for JQV?

[cockneyrebel] 05/6/2008 10:01

Exactly - punters still chicken tho!

I guess other issues worry them but AXN couldn't say much more imo.

CR

[kimboy2] 05/6/2008 07:20

Couldn't ask for more than that;

[gorse] 05/6/2008 00:45

She-ra ...You may well yet prove correct on HMV, but, gosh, if you are right 9 times out of 10, I'm lost in admiration. Pray give us 10 stock market tips (shorts or longs) and I'll follow them to see which of the 10 is a mistake.

[slainegardener] 05/6/2008 00:31

Well, the valuations stack up to me and I like the fact there is no debt. I've bought some more today. Some very cheap companies around at the moment in the beaten up sectors.

[she-ra] 05/6/2008 00:15

Gorse - 9 out of 10 times im right and I still think I was right with my prediction that HMV would go sub £1 which they did.I still think HMV are going to be in deep trouble in the future.Selling Japan only delayed things.Look at their assets and look at what they own in property.Then look at the competition and look at how unuser friendly their Waterstones website is.They bounced.They'll drop again but of coursethe mutter in the gutter will use takeover rumours to prop it back up like how they have done over the last 12 months.

Gorse please dont be economical with the truth.With Alexon I have called it right all the way down fron £2.50.

[gorse] 04/6/2008 22:24

I remember she-ra telling us in early 2007, and telling us, and telling us, again, and again, and again, that HMV was doomed. And telling us this when the price was going down to 110p ... and yet today, 18 months later, they are 141p, having paid out 9.2p in dividends since then.

[cockneyrebel] 04/6/2008 22:11

I'm not sure about the leases. If you sell a lease on with the sale of the business and that business goes bust then the previous name on the lease is responsible until that lease expires - it's like sub-letting, you are still ultimately responsible. Depends how many leases there are and how long to run.

If there is a number they might be able to end shorter Bay Trading leases for instance and move them to longer lease ex Dolcis stores.

I think everyone thinks clothing retailers are doomed - hence the rations. But I don't belive they are doomed - just as most retailers were not doomed in the last recession when interest rates and inflation was much higher.

I like buying what the market hates and selling what the market loves.

CR

[she-ra] 04/6/2008 20:24

No I think when they sold Dolcis they passed on the leases but I think you need to ignore the historic reporting of a year end or interims with the likes of FCCN.The future looks grim for clothing retailers.With people coming out of low fixed mortgages into higher rate mortgages and housing market worries plus the worry of job security people tend to cut back on the non essential items.Alexon,FC,Ted Baker etc come under that category.
The market is sentiment driven and the news from most companies on the stock market aint good.

[cockneyrebel] 04/6/2008 19:43

That's fine she-ra, fair question. I don't know what Bay will do. All I know is what the co made as a whole over the past 12 months and they'd need a disasterous spell not to be worth what they are valued at at the moment, in my eyes. It's easier for me I guess cos I've made enough here to feel relaxed where as many haven't. I just think with the memswear gone these have even more going for them.

The concern will be whether Dolcis going bust has any legacy for AXN with leases and guarantees. If that's the case then they take a bit of added costs but I still think they would be decent value even with surprise extra costs. The main risk would be a lot lower profits, leases coming back to AXN and raising their out goings. I'm sure the last month hasn't been good for retailers, it's just a matter of how bad. FCCN was pretty decent - need to see what it's been like for AXN as a whole.

CR

[cockneyrebel] 04/6/2008 19:17

you really are brain dead aren't you - you never fail to make yourself look a total plonker!!

CR

[dumbarton2] 04/6/2008 19:11

Great compay they know how to throw millions away.

They also have performed poorly in the past in their menswear division which was subsequently dumped.

[dumbarton2] 04/6/2008 19:09

They also said this at a subsequent date...

"
Dolcis

Following a detailed review, the Board concluded that Dolcis had no strategic
future within the Group and the business was sold at the end of November 2006
for #2.7 million in cash resulting in a loss on disposal of #10.3m after tax.
The operating loss before tax in the year to date, which is shown under
discontinued operations, was #4.2 million compared with a full year loss of #0.8
million in the prior year. The total loss for the period, after tax, amounted
to #13.4m."