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Share Name Share Symbol Market Type Share ISIN Share Description
Angling Direct Plc LSE:ANG London Ordinary Share GB00BF1XGQ00 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 58.50 57.00 60.00 58.50 58.50 58.50 1,453 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 53.2 -1.5 -2.0 - 44

Angling Direct Share Discussion Threads

Showing 151 to 171 of 175 messages
Chat Pages: 7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
16/10/2020
10:13
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.
energeticbacker
07/10/2020
09:24
Interims next week (14 Oct). It looks like buyers have been moving in this last couple of weeks. Let's hope they're not disappointed.
typo56
02/9/2020
09:26
Good point...niche retailers seem to do well
molatovkid
01/9/2020
11:33
When I look at Gear4music and other online operators of sporting and recreation equipment this is a complete no brainer. Let the buying commence.
niggle
18/8/2020
08:33
Took ages to buy any stock there....
molatovkid
18/8/2020
08:01
Like buying fishing gear off EBay you mean
buywell3
18/8/2020
07:58
Presumably it would make sense to move to an online model entirely once the brand has critical mass, margins would go up significantly and costs down naturally, even if Joe Public likes to feel the product, just have some regional superstores to demonstrate the product!
bookbroker
18/8/2020
07:50
18 August 2020   Angling Direct plc  ("Angling Direct" or the "Company")   Half-Year Trading Update and Notice of Results     Angling Direct plc (AIM: ANG), the largest specialist fishing tackle and equipment retailer in the UK, is pleased to announce its trading update for the six months ended 31 July 2020.   Highlights:   ยท Revenue up 21% to £32.1m (H1 2020: £26.5m) Online sales up 43% to £17.9m (H1 2020: £12.5m) Key European territories have performed well, with sales to Germany up 33%, France up 62% and Netherlands up 81% All UK stores safely and successfully reopened, with like-for-like sales growth of 75% between 15 June - 31 July 2020 Sales across all channels from 15 June - 31 July 2020 up 95% Net cash and cash equivalents at 31 July 2020: £21.0m (31 July 2019: £13.3m)  
bookish
15/6/2020
13:41
I suspect a lot of AD's year end stock, anywhere between £5-£10m at a guess, was in its 34 retail outlets rather than in its central distribution depots and it would neither have been economical or feasible to shift that stock back to its central distribution depots to fulfill online sales. So, that stock may not have shifted, prior to click and collect, unless AD managed to fulfill some of its online orders from its retail outlets. AD would also have been obliged to repay its existing £6m of trade creditors from its online sales alone and if suppliers have shifted from (say) 30-60 days payment terms to (say) cash on delivery, then it's not surprising that AD would need additional cash resources at this time. Shortage of stock seems to be a common theme for all non-essential retailers at present and just emphasises how reliant we have become on sourcing goods from the Far East.
thetrotsky
15/6/2020
08:52
Stuff ordered on line over a week ago still to be posted. Company say that despite working 24 hours a day 7 days a week, they can't cope with demand. If true should be generating huge on-line revenue-or reading posts on here have they simply run out of stock???
tarrant777
12/6/2020
14:07
Stock is clearly a problem, it seems to be a very similar story across cycling etailers. I wonder if the funds raised might somehow be used to get AD priority allocation on new shipments? Pay manufacturers upfront perhaps? There was 13m of stock at year end. If a lot of that stock was sold, turned into cash and not replaced, cash shouldn't have been a problem. Something doesn't quite add up.
f15jcm
12/6/2020
14:02
As regards call and collect, stop and think about the economics. AD runs large angling stores not "Mom & Pop" operations. AD's stores need substantial throughput just to cover their staff & associated running costs and the government's furlough scheme didn't make it any easier for large, non-essential retail operations to "test the waters". Staff had to be furloughed for a minimum of three weeks to qualify for the scheme and, if staff broke furlough for any reason, they had to wait a further three weeks to re-qualify. The inflexibility of the furlough rules, albeit understandable in the context of fraud prevention, have, up to now, been a major stumbling block and have, in part, contributed to the economic downturn that we've witnessed. So, given that at the outset of lockdwon people weren't even supposed to go fishing, encouraging people to click and collect at large angling stores would probably have been frowned upon and it's also probable that opening larger stores sooner would not have been cashflow positive; if you're already bleeding cash on your fixed outgoings it does not make economic sense to add to your cashflow problems when the government is willing to underwrite your wage bill. Waiting until the lockdown measures had been eased makes perfect economic sense from AD's persepective.
thetrotsky
12/6/2020
13:16
You are correct , I meant AD were to slow to offer legitimate call and collect when most independents had been doing it for ages and a lot of them were bending the rules and letting people in the shops .For some reason I have two different user names !! But at least it means someone listens to me :-))
dicktrade
12/6/2020
11:52
You can't have a publicly listed company wilfully breaking the law. It's hardly going to look good to institutions. I might not agree with the lockdown but that wouldn't have been a smart move. Two remarkably similar usernames on this thread. Are you having a conversation with yourself?
f15jcm
12/6/2020
07:22
Presumably the directors have realised that they have sold all their stock on line and now have no money to buy anymore. It doesn't take long to lose a load of cash when your gross margin is 30% and you offer free delivery on orders over £16 , unbelievable.It just shows that the institutions that bought the placing have not done their research!!
dicktrade
11/6/2020
21:57
Independent retailers bending the rules on ‘call and collect’ which AD were far too slow to do .
dicksmoney
11/6/2020
21:36
Black stone selling out now!
kendonagasaki
11/6/2020
20:08
How did independent retailers open? Illegally, presumably?
f15jcm
11/6/2020
07:43
ANG trying to raise 5.5million to buy stock !! they have missed the boat , there is no stock in the country , they missed all the sales when fishing was first allowed and their shops were closed , the independent retailers who opened their doors have taken a fortune and now there is no stock to buy and china cant catch up . time to get out before ANG goes BANG .
dicktrade
07/6/2020
14:12
Angling direct aren't getting the stock they need to supply the anglers 70% showing out of stock, anglers buy anglers and if your angler and go to a branch you will see they employee people who just don't care enough to seek the tackle.
jamakers
04/6/2020
07:52
If they couldn't make a profit last year what chance this year ? with all bricks and mortar shops closed for 12 of their potentially best weeks and then social distancing hampering customers browsing habits. im sure the online sales will have been good but not good enough and with reduced margins it does not bode well .
dicktrade
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