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ASY Andrews Sykes Group Plc

515.00
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Andrews Sykes Group Plc LSE:ASY London Ordinary Share GB0002684552 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 515.00 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
510.00 520.00 515.00 515.00 515.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Air Heat & Condition Eq-whsl 78.75M 17.76M 0.4242 12.14 215.57M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 515.00 GBX

Andrews Sykes (ASY) Latest News

Andrews Sykes (ASY) Discussions and Chat

Andrews Sykes Forums and Chat

Date Time Title Posts
10/11/202418:12Andrew Sykes with Charts & News2,449
09/4/200610:37ASY Purchases26
02/11/200301:18ASYLUM SEEKERS IN THE UK,,,,DO YOU GET IMMEDIATE BENEFITS? I DON'T !-
06/9/200221:02Where's Boc?18
03/9/200220:52Where's Boc-

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Andrews Sykes (ASY) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-11-20 10:48:16513.001,5628,013.06O

Andrews Sykes (ASY) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 by Andrews Sykes Daily Update
Andrews Sykes Group Plc is listed in the Air Heat & Condition Eq-whsl sector of the London Stock Exchange with ticker ASY. The last closing price for Andrews Sykes was 515p.
Andrews Sykes currently has 41,858,744 shares in issue. The market capitalisation of Andrews Sykes is £215,572,532.
Andrews Sykes has a price to earnings ratio (PE ratio) of 12.14.
This morning ASY shares opened at 515p
Posted at 08/5/2024 07:44 by adeg
Well I'll take my 14p. However it doesn't take much to work out that if your dividends are 25.9p per year and EPS is 42.24p per share, that at some point they will be able to pay another special.

The big plus for me is that mamangement are activly running this business for the benefit of it's shareholders and despite a drop in revenue, profits increase.
Posted at 02/5/2024 10:30 by plasybryn
Still waiting for results. The Final dividend last year was Ex on 25th May and paid on 16th June. 14p per share. What are we expecting this year?
Posted at 01/5/2024 08:19 by cockerhoop
If I was a betting man I would have suggested today. Released on the first Wednesday in May in 2023,2022 & 2021.

Regards dividend I'd expect the final dividend but no further specials this year.

Interesting piece from Maynard speculating that ASY is being tidied up before being sold.
Posted at 13/2/2024 00:00 by jeff h
Not been following ASY too much since the mega div news but catching up, this story caught my eye:-



Could never understand why they had not previously entered the German market which must be huge, when they already had depots in neighbouring France, Belgium, Netherlands, Switzerland even Luxembourg.

Will have to wait to see how this depot near to Bonn/Cologne trades before we see what they plan for this market.
Posted at 26/9/2023 07:05 by mancman1
71p in total payable on 3rd Nov. Comfortably over 10% of share price.
Posted at 07/6/2023 10:48 by calougra2000
Share buyback and positive review from hxxps://maynardpaton.com/blog/ may have helped.
Posted at 31/5/2023 06:40 by cwa1
Another minuscule share buyback announced(2700 @ 543p)...
Posted at 19/1/2023 08:08 by cwa1
No real import...but for the record...

19 January 2023

ANDREWS SYKES GROUP PLC

("Andrews Sykes")

Change of Broker

Andrews Sykes (AIM: ASY) announces the appointment of Zeus Capital Limited as its Broker, with immediate effect. This follows the completion of the acquisition of Arden Partners plc by Zeus Group Limited on 16 January 2023.
Posted at 16/1/2023 07:35 by cwa1
From the ASY blog:-



UK

We knew last month had been a good one, but it has since come to light that it was our best December on record from a revenue perspective!
Posted at 28/9/2022 06:31 by cwa1
Half year results...



Overview



The Group's revenue for the 6 months ended 30 June 2022 (the "period") was £37.9 million, an increase of £2.2 million compared with the same period in 2021 and a record for the first half year. Operating profit for the period was £8.5 million compared with £8.0 million in 2021, an increase of £0.5 million, reflecting the increased revenue. Overall, net funds increased by £5.2 million from £16.5 million as at 31 December 2021 to £21.7 million as at 30 June 2022 .



Operations review



Revenue at Andrews Sykes Hire in the UK continues to grow and improved by 2.1% compared with the same period in 2021. Our businesses in the rest of Europe experienced a very strong increase in revenue, improving 16.8% compared to the same period in 2021. This result was driven by an exceptional performance from our Italian subsidiary, Nolo Climat, with revenues 92.9% up on the same period in 2021 with the early and prolonged high summer temperatures seen in Italy increasing demand in our cooling products. Consequently, the combined operating profit for the UK and European hire businesses in the period was £1.0 million above the level achieved in 2021.



Climat Location in France has continued to struggle with revenues 12.0% lower than the same period in 2021. As a result, the decision has been made to restructure the business in France and restructuring costs, including depot closures and redundancy, of £0.5m have been incurred during the period. We are confident that once completed, the restructuring will right-size the French operation and lead to profitable future growth.



Andrews Air Conditioning and Refrigeration, our UK air conditioning installation business, has traded broadly in line with last year. Whilst revenue increased 3.7% in the period compared to the first six months of 2021, it still remains 33.1% lower than the corresponding period in 2019. Operating profit decreased by £0.1m as compared to first half of 2021 as a continuing struggle to recruit and retain engineers negatively impacted results.



Khansaheb Sykes, our business based in the UAE, has continued to experience a difficult trading environment but pleasingly recorded revenue growth of 5.8% versus the first half of 2021. Despite this revenue increase and a favourable exchange rate between the Dirham and Sterling, operating profit is comparable to the first half of 2021 and continues to be depressed by increased historic bad debt charges.



Profit for the financial period and Earnings per Share



Profit before tax for the period was £8.5 million compared with £7.6 million in the same period last year. This £0.9m increase is attributable to the £0.5 million improvement in operating profit, a net foreign exchange gain on inter-company balances of £0.2 million (2021: loss of £0.1m) due to the weakening of Sterling compared with the Euro, and a net increase of £0.1 million in interest receivable resulting from the full repayment of the £3.0 million loan outstanding as at 31 December 2021 and higher interest received on cash deposits.



The total tax charge for the period increased by £0.7 million to £2.1 million (2021: £1.3 million), an effective tax rate of 24.0% (2021: 17.5%). The increase in the overall effective rate of tax is driven by a lower level of capital allowances claimed in the UK, coupled with higher profits generated in Italy which has a higher tax rate than in the UK.



Profit after tax in the period was £6.5 million (2021: £6.2 million). Basic earnings per share increased by 0.57 pence, or 3.9%, to 15.36 pence (2021: 14.79 pence) reflecting this increase in profit .



Dividends



The final dividend of 12.50 pence per ordinary share for the year ended 31 December 2021 was approved by members at the AGM held on 14 June 2022. Accordingly, on 17 June 2022 the Company made a total dividend payment of £5.27 million which was paid to shareholders on the register as at 27 May 2022.



The board continues to adopt the policy of returning value to shareholders whenever possible. The Group remains profitable, cash generative and financially strong. Accordingly, the board has decided to declare an interim dividend of 11.90 pence per ordinary share which in total amounts to £5.0 million.



In addition to the interim dividend, the board has assessed the company's ongoing cash requirements and has concluded that, as a result of the company's robust cash generation, a portion of the current cash reserves are surplus to the company's requirements. The board has therefore decided to return this surplus capital to Andrews Sykes shareholders by way of a special dividend of 16.60 pence per ordinary share which in total amounts to £7.0 million. Both the interim and special dividends will be paid on 4 November 2022 to shareholders on the register as at 7 October 2022.



Outlook



The second half of the year has started resiliently with record temperatures in the UK and Europe positively impacting demand for the Group's air conditioning units and chillers. This increased summer demand leads management to be optimistic over the full year results. In the longer term, management remains optimistic that the business will continue to improve but are mindful of the current economic climate and the impact that heightened energy prices, inflation and recession risk can pose to the business and customer demand.







JG Murray

Chairman

27 September 2022
Andrews Sykes share price data is direct from the London Stock Exchange

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