Alexon Share Discussion Threads

[dumbarton2] 26/9/2008 10:20

What investrs would be far better doing is the minute you see cr ramp any stock is to go short. That seems to pay off long term.

[farsight] 26/9/2008 10:19

The £250m turnover has value too. It's women's clothes. You don't think a little thing like the economy is going to stop women buying clothes do you? Just ask the wife.

[dumbarton2] 26/9/2008 10:10

They might have money in the bank but bay trading losing money. High fixed costs is not good news for a decline in retail spend.

Brokers have sell ratings and they dont do that without reason. JQV is as bad. The sector is a strong sell.

[badtime] 26/9/2008 10:04

hmm...tad unfair..but i dont c much light on retail at mo...and this one isent tht attractive at mo

[farsight] 26/9/2008 10:03

Sheesh, I'm not worried she-ra. I only bought two grand's worth yesterday at 39p. I'll probably end up putting £6k in it, and I'm not fussed if it goes down to 30p. I don't think it will go that low as it happens. The FD was buying at 67p in June. They've got money in the bank, they're making substantial profits compared to the marketcap, and there's a new girl at the helm. With a PE of 1.5 it isn't a basket case, it's a bagger. You know how it is with this sort of thing. It grinds on down then shoots up in the twinkling of an eye.

[dumbarton2] 26/9/2008 09:42

cr has stuffed many a buyer of stock on his ramps look at cfe and then WGB and JQV. All losers just like cr.

[she-ra] 25/9/2008 22:22

Farsight - Laura Ashley profits are rising,Alexon's however are tanking.This company could easily go under in a dire market.
When I see someone having to clutch at straws in the shape of wanting directors to add a short term impetus of confidence then I know you are worried.

CR didnt you get these shares free?im sure you also said that about FCCN but you always seems to come back with a desperate pumping effort.

[badtime] 25/9/2008 22:03

wen i c some shoots of recovery in retail ..i'll think about it..if tht means missing out on some upside..so b it...chart says it all for me...sp doesnt lie

[farsight] 25/9/2008 22:00

CR, I reckon this guy might be up for a few more:

Alexon Group Plc. said its finance director and company secretary Robin Piggott bought 32,267 shares in the company at 67.9 pence per share, lifting his stake to 89,200 shares.

[farsight] 25/9/2008 21:41

Yes, I was thinking that. I was a bit peeved because I bought 5000 shares and the trade doesn't show. Sure sure, last of the big spenders, but I quite like "pound cost averaging" if you know what I mean. Now do excuse me:

Come on Jane, buy some shares or you'll be out on your ear when Laura Ashley snap you up!

[cockneyrebel] 25/9/2008 21:28

Agree Farsight, would be nice to see some director buying at this level. Still, I think they are cheap (ignore hsbcpremier, he was buying MDM at near £2 believing all the hype).

It would be nice to see Handover the Chairman put his hand in his pocket too. He was Chief Exec at WH Smith and never covered himself with glory there. He seems to have put the right woman in place here but would be nice to see him back her with his own cash.

Dunno what those silly trades of 100 were today.

CR

[farsight] 25/9/2008 21:26

Everything's relative. Yep, things ain't looking too upbeat for Alexon with the profits down 40% since last year. But last year this was 240p. Now it's 40p. Right now you can buy the whole company for £20m, but they've got £5m in cash so it would only cost you £15m. For a fuddy-duddy company that made £5m in six months? When Laura Ashley made less and is valued at £130m?

Aw, you guys want to buy it too don't you? Cheaper? Sorry.

[badtime] 25/9/2008 21:16

lol..yur optimistic

[farsight] 25/9/2008 21:10

LOL, you're not married are you hsbc? Come on now, they're making £5m profit in half a year and they've got net cash of £4.7m.

Get buying. Trickle it in.

[hsbcpremier] 25/9/2008 21:03

will look better at 20p when xmas sales collapse

[farsight] 25/9/2008 21:02

There's a new girl in charge now. They're still making more money than Laura Ashley, and pound for pound they're a sevenfold better buy. Looks good. I like the sound of this:

Appointment of Jane McNally as Chief Executive.

Strengthening of operational management with the appointment of three Brand
Directors responsible for all aspects of Brand trading performance.

Jane McNally, Chief Executive, commented:

"This is a challenging trading period for retailers however the Alexon Brands are in an attractive demographic market sector and I am confident that the Group has excellent prospects over the medium and long term."

OK Jane. Put your money where your mouth is. Show me the colour of your confidence.

[hsbcpremier] 25/9/2008 20:48

The merchandise director at one of the UK's leading independent department stores says: "The problem for the Alexon brands is that the customers they had 10 years ago are now shopping a look that is up to 20 years younger than where they would have shopped a decade ago. Unlike some of the own-bought labels stocked by department stores, such as Betty Barclay and Oui Moments, Alexon does not seem to have moved on with the market.

[farsight] 25/9/2008 13:41

It looks a lot better than ALY to me.

It seems very quiet on the trades here today, or is it just me? Perhaps it's just wishful thinking, but this would be a good time for some director buying.

[badtime] 25/9/2008 09:08

or as economy worsens..the share price continues its decline...still downside risk imho..but hey u pays ya money ya takes ya chances

[kimboy2] 25/9/2008 07:52

Probably on a p/e of 2 for the whole year. Not difficult to imagine this being a 10 bagger from here in 3 years time when conditions have improved.

[joe say] 25/9/2008 07:30

But take a look at one of the director appointments (ex New Look and Primark) - surely a sign that the bottom end of the market is one of the target sectors, and lets face it, even in a recession, the women will still want new clothes.

I would have thought its a case of riding the recession, and positioning for the upturn (and here an ex M&S buyer has been brought in, presumably for that exact reason).

[hsbcpremier] 24/9/2008 18:40

blimey 40p. took an axe to the dividend too

[cockneyrebel] 24/9/2008 18:37

You're right Gorse - AXN and a few other clothes retailers have had to trade as a huge amount of poo hit the fan and bad luck regarding the weather. One day the conditions will be much more in their favour an the new Primark bird should also be improving things hopefully.

CR