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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
  5.50 8.73% 68.50 67.00 70.00 71.00 64.00 67.50 573,016 11:51:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 53.2 -1.5 -2.0 - 52

Angling Direct Share Discussion Threads

Showing 126 to 147 of 175 messages
Chat Pages: 7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
10/3/2020
13:31
Great way for anglers to self isolate, go fishing. I can see no better way for anglers who are well but at risk.
new life
07/3/2020
00:50
Well everything's going totally pear shaped!Let's go fishing!Great news for this bunch!
tarrant777
04/3/2020
07:58
Ken Wotton @GreshamHouseplc moving up to ~11% from 8%
norbert colon
20/2/2020
12:53
Fishing Republic!!!!
ducatiman
20/2/2020
12:50
Turnover = VANITY.Profit = SANITY.
kendonagasaki
18/2/2020
15:07
Angling Direct - Big Trouble or Little Blip? As widely anticipated by the trade, Angling Direct has announced a LOSS in its pre-close trading update for the year. Shares are down nearly 10% today. In a carefully worded statement posted today on the stock exchange, AD says: "The Company expects to report revenue for the financial period of £53.1 million, an increase of 26.5% compared with the same period the previous year (2019: £42.0 million). The Company continued to grow sales both in-store and online. In-store sales were £27.9 million, an increase of 41.3% on the prior year period and up 12.0% on a like-for-like basis. Angling Direct added 10 new stores during the period, including two acquisitions, taking the total number of stores to 34. The Company is pleased with the performance of the new stores, although the legacy stock that came with the acquired stores did contribute to margins being lower than the levels to which the Board aspires. This stock has been mainly cleared and other actions have been taken to ensure that the Company returns to expected margin levels in the new financial year and beyond. Online sales grew to £25.2 million, an increase of 13.3% on the prior year period, through continued development of the Company’s e-commerce platform. In recent months, the Company has focused on international territories that deliver both strong sales growth and the necessary level of profitability. Angling Direct’s German, French and Netherlands websites, which make up the Group’s core European markets, increased sales by 24.6%, 70.9% and 86.7% respectively, with these three territories now representing 42% of total international sales (2019: 31%). Total international sales increased by 7.6% to £5.0 million, accounting for 19.9% of total online sales during the year (2019: 20.9%). Notwithstanding the strong growth the Company has delivered this year, a disappointing trading period, post-Christmas, influenced by exceptional winter flooding, has impacted profits. The lower levels of fishing activity meant that the higher margin, consumable products, were hit disproportionally. In addition, a more prudent approach has been taken to some legacy costs, which, taken together, lead the Company to believe that it will deliver a pre-IFRS 16, EBITDA loss of no more than £0.5 million. The Company continues to have a strong balance sheet and held cash of £5.9 million at the 31 January 2020."
jamakers
18/2/2020
12:27
This company probably stupid enough to give them free postage to mainland Europe, that is where they losing even more margin!
bookbroker
18/2/2020
11:32
One detail has been bothering me, that Germany, France and Netherlands were up 25%, 71% and 87% and now represent 42% of international sales. Yet, international sales were up just 7.6% ? There is slight apples and pears there, as in the one para ANG do not distinguish between international sales and website sales. But if 42% of international sales were in those three countries ( assuming that internet sales are in the same proportions as overall international sales) that makes £2.1m out of £5m. And if they grew by 25%, 71% and 87%, let us hazard a guess at 50% growth averaged between the three. So, prior year sales to those three would have been about £1.4m ( ie £2.1m adjusted for 50% growth). We also know international sales grew by 7.6% to £5m, so must have been £4.64m the year before. Subtract one from the other and you get “other” ( ie not German, French or Dutch) international sales of £3.2m last year ( £4.6m - £1.4m) but only £2.9m this year ( £5m-£2.1m). Is that right ? That sales outside the main three European markets actually fell c10% ?
graham1ty
18/2/2020
10:29
I am too, that was in effect a profits warning, next statement will state supply problems have affected sales within business, and cash burn continues, overheads will start to overwhelm this business without drastic action!
bookbroker
18/2/2020
10:03
Am amazed this is holding up. The humongous fundraising was at 92.5p. There will be vast tranche of very unhappy Placees. I suspect that some big Placees would cut and run at the first opportunity.
graham1ty
18/2/2020
09:29
The problem with angling is that the older 'traditional' anglers are dying off whilst youngsters no longer want to go fishing with their dad or grandad like in previous generations. They would rather sit on the sofa playing their Xboxes looking for instant gratification.
hoper1
18/2/2020
08:37
Lot of products China sourced. Must be staring at supply chain problems with Coronavirus but no mention.
wapper
18/2/2020
08:35
Cenkos had forecast end year cash of £8.7m, and it is actually £5.9m. This is a MASSIVE miss. They now forecast £2.3m of cash at end Jan 2021. With continuing losses, this must imply an enormous drop in spending, whether store openings, or online acquisition.
graham1ty
18/2/2020
08:31
Bookbroker, they give no guidance or evidence when they might get profitable. Is it £60m, £80m ? When ? And there is no talk of economies of scale, or buying power, or closing underperforming stores, to raise margins. They cannot pretend that all 35 stores will be profitable. I now have the new Cenkos note. Adjusted EBITDA is £1m below forecast ( on that revenue, that is 4% margin hit). Revenue was £1.7m below forecast. Cenkos have dropped 2020 profit by £1m and the following year by £0.6m. This gives adjusted EBITDA of £0.6m, then £2.6m. BUT at the pretax level it is a £1.4m LOSS in 2020 and £0.3m LOSS in 2021. ANG is forecast still to be making losses in two years, even on forecast revenue of £65m..............not good
graham1ty
18/2/2020
08:21
Opening bricks and mortar in a declining retail environment does not bode well?
kendonagasaki
18/2/2020
08:16
Amazed this not fallen further, still valued at £40 mln., on turnover sounds good, but high cost business needs high turnover simply to break even!
bookbroker
18/2/2020
08:15
£7.4m gone since the interims. £5.9m left. At this rate of burn, will hardly last until July. No evident financial discipline. Like kids in a sweet shop, with £20m to burn, they have sprayed the fundraising money around. Until the address the issue of profitability, and set out a plan for making the existing estate profitable, then this will languish
graham1ty
18/2/2020
08:08
Poor results!Cash will become an issue here.Cash call?
kendonagasaki
18/2/2020
08:01
Christ Wan, you should become a spin doctor, they have burnt through £8mln in the half, buying stores, etc. They will have no cash left by July at this rate with their giveaway margins, this is a labour intensive, low return business. They need to lay off some staff, and ensure every store meets targeted returns to survive, there seems to be a lot of vanity here!
bookbroker
18/2/2020
07:56
There is no arguing that ANG delivered in terms of strong rates of growth. I was hoping they would also update the market on the weather related impact, which was somewhat inevitable. Margins will need some focused attention, but due to action already taken, they are already expecting margins to improve to expected levels. Year end 31st January 2019 IFRS 16, EBITDA loss was £444k and they are indicating a loss of no more than £500k for year ending 31st Jan 2020. So, a set back which is not insurmountable as they enter the traditionally stronger 1st half period, exemplified by achieving record sales for a new store opening, despite the weather.
wan
18/2/2020
07:39
People from Norfolk always seem a bit half-baked, now I am beginning to see the story here. Nice pubs, most called the Lord Nelson, but that rolling accent always alarms me, a bit of character, but selling bait might be what they are good for. This trading update shows the business needs to run by professionals not a bunch of worzels, this is a shocking trading statement, probably halve on this this. They are even vague as to the actual loss, makes me think the books are in disarray!
bookbroker
18/2/2020
07:26
What is the point in being in business purely to make a loss, this company manages to grow turnover by buying companies with a load of old stock which clearly they have overpaid for, and then taken a hit to the bottom line, what is more disgraceful is that they have burnt through a considerable amount of cash in the process. No wonder Bailey left, he hadn’t got a friggin clue, the chairman not much better. There is no point existing to keep people in a job, in the process putting yourself out of business. This is a very low quality operation, which needs taking by the scruff of its neck and be a good shaking!
bookbroker
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