Alexon Share Discussion Threads

[ydderf] 12/10/2008 15:31

Crooknee, have been buying these more seriously of late - got my average down below 38p, another few more and I'll have to announce!

[dumbarton2] 11/10/2008 11:09

Dead cat bounce.

Cr has lost a pile going into cfe wgb axn wdny .

Avoid his punts at all costs.

[cockneyrebel] 05/10/2008 12:00

LoL - you dumped then ah Frauddy - bit late mate.

You're good at buying potential SCS Upholsteries!

What about your CTT? Reckon that's a bust waiting to happen.

CR

[the bounty hunter] 05/10/2008 08:39

ydderf - plenty of time to climb back on board if bailout plan works - uncertainty will stay for some time

[ydderf] 05/10/2008 08:07

I'm beginning to wonder if this is another SCS Upholstery - no debt, big sales, assets, etc but high fixed overheads......?

sudden death or death by a thousand quarterly rent demands and inability to slim employees due to employment law protection.....?

or is it a ten bagger in disguise.....?

[dumbarton2] 04/10/2008 10:09

Cr ramped WGB as well avoid.

[dumbarton2] 04/10/2008 10:01

Not surprising the drop when you read this report...



It was cr tellinmg you women cant stop buying clothes...lol

They will do when the money runs out!!!

[dumbarton2] 04/10/2008 09:51

John Lewis reported another bad slump in sales yesterday.

I see cr has gonme quiet...lol

Could be bust here. Cr the ramper has stuffed you lot up going for a high divi yield is very high risk indeed.

Now it might be chopped completely.

[she-ra] 29/9/2008 16:45

whiterussians - But he does have a point about the age group.

[whiterussians] 29/9/2008 16:41

It doesnt matter how good the product or how nice the store environment, if the money's not there to be spent then youre not going to take it

[she-ra] 29/9/2008 12:31

Farsight - Are you cracking up?Alexon is up 5.8% (from a low base) which is not much to get excited about considering it lost 25% of its value on Friday.

[farsight] 29/9/2008 12:19

That'll teach that stupid-kid RBS analyst to take me on. And that Times reporter. Wolves howling for Alexon indeed. Because here we are, RBS down 15.77%, AXN up 8.33%. Wolves howling? Not while I'm still kicking.

[moob] 29/9/2008 10:22

Cashflow fears hit Alexon
Smaller companiesRobert Lindsay
Alexon, the clothing retailer that revealed massive sales and profit falls at its Ann Harvey stores and Bay Trading outlets two days ago, dived 8½p to 30p, hurt by cashflow fears with quarterly rents for most retailers due on Monday. Alexon had only £4.7 million cash at the end of July but £32 million owing to suppliers, including its landlords.

Jane McNally, the new Alexon boss, aims to have net cash by the end of January, but she must buy in stock for Christmas and aims to invest in the rented stores to turn sales around. Joe Spooner, an RBS analyst, slashed his full-year profit forecast, warning that the dividend, already cut, could be eliminated. "The scale of that challenge could overwhelm the limited resources of this small group," he said.

[farsight] 29/9/2008 10:21

I'm not dreaming. MFI didn't go bust. We'll see director buys, maybe a bid. Other retailers are experiencing some downturn, which is only to be expected. AXN has been treated too harshly, it's way oversold.

[badtime] 28/9/2008 20:18

lol....dream on

[farsight] 28/9/2008 16:34

Says the buy-high, sell-low, Johnny-come-lately analyst from the bank who bought ABN Amro at the top of the market. He hasn't even read the results.

Otherwise what he would have picked up on is that AXN have money in the bank, £250m turnover, they're making +£10m a year, the marketcap less cash means they have a P/E of 1, and they're mainly in resilient high end women's clothing. Bargain.

Why are these analysts always such turkeys? He'll be changing his tune on M&S after the event too. He'll be blowing with the wind on NEXT next. Like I said, Alexon are in a much better position than a lot of other retailers. The way some people are talking all our high streets will be boarded-up ghost towns in a couple of weeks. Sheesh. Get a life.

[moob] 28/9/2008 16:20

Cashflow fears hit Alexon
Smaller companiesRobert Lindsay
Alexon, the clothing retailer that revealed massive sales and profit falls at its Ann Harvey stores and Bay Trading outlets two days ago, dived 8½p to 30p, hurt by cashflow fears with quarterly rents for most retailers due on Monday. Alexon had only £4.7 million cash at the end of July but £32 million owing to suppliers, including its landlords.

Jane McNally, the new Alexon boss, aims to have net cash by the end of January, but she must buy in stock for Christmas and aims to invest in the rented stores to turn sales around. Joe Spooner, an RBS analyst, slashed his full-year profit forecast, warning that the dividend, already cut, could be eliminated. "The scale of that challenge could overwhelm the limited resources of this small group," he said.

[farsight] 28/9/2008 16:18

Like I said the weekend press can be cruel, she-ra. That's an RBS analyst. They buy high and sell low, and give Johnny-come-lately advice that presents opportunity. And MFI are private anyhow, they're just shedding their debts.

Of course moob, at 12p and with the trade creditor money sitting on the racks, being able to buy a company with a quarter-of-a-billion turnover making +£10m a year for what they've got in cash, now that would be nice. But I don't have such rose-tinted spectacles.

[farsight] 28/9/2008 14:44

Big deal. They sold for £1 last time.

AXN have money in the bank, £250m turnover, they're making profits, they have a P/E of 1, and they're mainly in resilient high end women's clothing.

[moob] 28/9/2008 14:25

i think the poster suggesting a 12p target is on the money
mfi bust