Angling Direct Investors - ANG

Angling Direct Investors - ANG

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Stock Name Stock Symbol Market Stock Type
Angling Direct Plc ANG London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 69.50 01:00:00
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bookish: Angling Direct reels in sales as pandemic triggers fishing craze The Telegraph -- 12-May-2021 07:02:34 MORE than 100,000 new fishers took to the UK's waterways last year as they escaped the Covid-19 pandemic, helping to deliver bumper sales at Angling Direct. The company said that the country had seen a 17pc rise in annual fishing licences, and these new anglers visited its website - and shops when they were open - in huge numbers. Revenue from online sales jumped 40pc to £35.3m, the company said, helping it swing to a pre-tax profit of £2.6m in the year to Jan 31, up from a £1.5m loss a year earlier. But while online revenue has jumped across many retailers during lock downs, when people were shut inside and shops were closed, most high street businesses suffered. This was not the case at Angling Direct, which said it had a "flood" of demand in the summer to thank for a more than 15pc hike of in-shop sales, to £32.3m, despite the lock downs. "The large pent-up demand built up whilst fishing was prohibited released with a flood of business from mid-June when stores reopened, whilst our online business continued to grow at pace," said chairman Martyn Page. "This proved that demand for well located physical experiential stores, manned by trained enthusiastic colleagues, remains strong in our sector." In the months since January sales are up 54pc compared to the same period last year. This included a 42pc online and 75pc offline boost. However, these figures are partly measuring against a period last year when the pandemic was at its worst, all stores were shut and Britons were confined to their homes. The business said it is in a good place to grow revenues again this year, but cautioned investors against expecting a repeat of 2020. "Assuming no further lockdowns, the group is well-placed to deliver profitable growth in revenues, albeit at a lower rate than the prior year as trading conditions and sales mix begin to normalise," Angling Direct said in a statement. The company will focus on Germany, France, the Netherlands, Belgium and Austria this year, which it said were key areas where it can grow. Chief executive Andy Torrance said: "As the health and well-being benefits of angling become more widely recognised and its popularity grows around the world, we are ideally positioned to fulfil our ambition of becoming Europe's first choice omnichannel fishing tackle destination for all anglers, regardless of their experience or ability." £35.3m Amount of revenue from online sales, a 40pc jump, helping it swing to a pre-tax profit of £2.6m in the year to Jan 31
energeticbacker: Angling Direct offers an opportunity for investors to benefit from the angling boom. While the share price has bounced-off March lows, it remains well down on year highs, suggesting the market might be missing a trick in failing to reflect the positive market environment. More on the Investor's Champion website.
martywidget: London Stock Exchange welcomes Angling Direct Https:// Fishing equipment retailer Angling Direct reels in £9m with London junior market float Http:// Investors angling for investment ideas were hooked by fishing tackle and equipment retailer Angling Direct. It raised £9 million in the float at 64p, but traded up to 68.4p. FISHING DEBUT The UK's largest fishing tackle and equipment retailer, Angling Direct, listed on the UK's junior market yesterday, raising £9million. Norwich fishing retailer Angling Direct successfully floats on the London Stock Exchange AIM list Http:// {Angling Direct Trades Above IPO Price On First Day Of AIM Dealings} Http://
johnwalsh: Credit Lyonnais Securities has advised investors to switch out of Lattice (LAT) at 134p and into Anglian (AWG) at 594.5p and Kelda (KEL) at 381p.
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