Angling Direct Share Discussion Threads

[gary1966] 18/2/2022 08:25

We should get a full year trading update next week, if previous years is anything to go by.

[pojscott] 08/2/2022 15:35

Drifting down !!!

[gary1966] 02/2/2022 20:52

Nice that Gresham House have increased their stake by over 3% to over 20% as they see a lot of similarities here with Games Workshop in that it is a hobbyist company and they tend to be long term customers, who are happy to spend. Looking forward to the year end update to focus the market on exactly how cheap this company is and how well it’s doing.

[gary1966] 28/1/2022 10:02

Price already starting to move up this morning and so it would suggest that yesterdays large trades were clearing an overhang. Hopefully this can move back up to the 80-90p range in the run up to the full year trading update in 3-4 weeks time. Price just got too silly of late.

[gary1966] 27/1/2022 16:35

Yes hopefully this isn't just moving a holding within a fund management group and it is actually a transfer from one firm to another. Offer price moved up to 55p straight after which is a positive sign. Guess we will just have to wait for the holdings rns and price action over the next few days.

[tole] 27/1/2022 16:20

Definitely looks like someone's cleared..

[spooky] 27/1/2022 15:53

Volume interesting. BlackRock out?

[gary1966] 30/12/2021 12:55

Company has done £4.4m EBITDA at half way stage but are only confident enough to say that it will be no less than £5m for the full year. That would be quite a collapse in profitability from previous periods. Appreciate that it has been flagged that the 3rd qtr will be down on a distorted comparative last year. Is the market latching on to this and the reason for the continued fall in the share price? Is the CEO always overly cautious in his projections?

Also I am confused on some of the P/E ratios that are banded around for this one as they look way too high even if cash is not adjusted for. Can't really see how the P/E can be anything more than 8 and just over 4 if adjusting for cash.

Any thoughts assistance would be appreciated.

[km18] 26/11/2021 13:05

From WealthOracleAM....

Angling direct is a leading mail order fishing tackle company. Based in the UK, they have a team with more than 30 years of experience in the fishing trade. The company operates through several divisions – Mail order, Online purchasing, Insurance replacement, Superstores and 3 international websites (French, Dutch and German). The Group benefits from a fully automatic order processing and dispatch system, ensuring orders are dispatched immediately. The Group’s competitive advantage is its aim to create a community and not just generate sales, as their venues usually provide not only products but also advice and lessons on how to catch more fish.
Angling adopts a more blended approach towards growth, with several acquisitions done over the past decade. Goodwill currently stands at 10% of total assets, with no impairments done for the FY2021 (ending in January). Although the stock has been moving sideways for the past 3 years, same cannot be said for revenue. Revenue CAGR is at 32% and EPS growth is 30.9%. We must note that in 2019 and 2020 the operational gearing of the company made net losses for the periods, but they seem to have recovered during the last 18 months. ROCE is also positive for 2021 at 7.09% and gearing net of IFRS 16 leases is negative. P/E ratio at the end of the FY was on the higher end of the industry at 46.2 but on a TTM basis the company has one of the best P/BV and P/S ration in the industry.

[tole] 12/11/2021 15:01

Website back up and running

[brummy_git] 10/11/2021 06:35

Professional investor Paul Scott of Stockopedia discussed Angling Direct (starts 27:55) here

[tallprawn] 09/11/2021 18:23

Holding page now in place when trying to access AD.co.uk with no redirect to PH. Looks like they could have control back now.

[pojscott] 09/11/2021 15:47

Buying opportunity???

[sbb1x] 09/11/2021 11:31

Still getting your connection might not be secure

[jam2day] 08/11/2021 19:59

Went on site looking for a black gobbler flyEnded up with some old trout gorging on some nymphs

[hydrus] 08/11/2021 18:36

You get a wider choice of tackle now I suppose

[hydrus] 08/11/2021 18:35

If you go to Angling Direct website it takes you to Pornhub ?

[hydrus] 08/11/2021 18:34

https://www.bbc.co.uk/news/technology-59209493Awks

[tr200g] 18/10/2021 20:27

Good session available to all on investormeetscompany with informative Q and A

[tole] 15/10/2021 19:15

https://masterinvestor.co.uk/equities/as-easy-as-a-b-c-comments-on-ang-avg-avon-bms-brck-and-cau/Angling Direct (LON:ANG) – other fish in the sea?Gross margin gains and operational enhancements have helped to boost the interim results from this leading fishing tackle and equipment retail group.The six months to end July showed a 19.5% increase in revenues to £38.4m. It saw online sales not as progressive as before, but still 3.2% ahead at £18.5m, while retail store sales were up 40.1% at £19.9m.That pushed pre-tax profits up 174.2% to £3.7m, with earnings leaping 83.2% to 3.7p per share.Accordingly, the group has upped its guidance for the full year to end January 2022, stating that its EBITDA will be not less than £5m for the year, comfortably ahead of market expectations.Analyst Matthew McEachran, at the group's brokers Singer Capital Markets, is now estimating that the full year pre-tax profits will rise from £2.6m to £3.5m, worth 3.4p in earnings (3.3p).Going forwards he is somewhat guarded, which makes me think that the shares at the current 76p may be edging above their weight.However, McEachran puts out a 12-month fair value of 105p on the shares.A very cautious Hold at these levels.

[tole] 14/10/2021 18:57

https://www.fool.co.uk/investing/2021/10/14/this-penny-stock-is-up-almost-20-in-2-days-heres-why-it-could-rise-more/This penny stock is up almost 20% in 2 days! Here's why it could rise moreManika Premsingh | Thursday, 14th October, 2021 | More on: ANGA pile of British one penny coins on a white background. Image source: Getty ImagesAIM stock Angling Direct (LSE: ANG) was up around 11% day before yesterday following its robust results. It closed up by another 8.5% today. This means, that in two days, it is up by almost 20%! But its performance over the past year was not spectacular before this week. It is up by nearly 25% now, but until its latest results were out, all the gains made over the year had been wiped out. So, its share price was not significantly above last year's levels. I think this is an important point to consider when figuring out whether to buy the stock or not. What happened to the Angling Direct share price?To answer the above question, I went back to its last results released in May. I had written about it then, and my sense was that its share price could continue to rise in the present environment. At that time, the environment was one of overall bullishness in the stock markets. The FTSE 100 index had been rising pretty much steadily for the last few months since vaccines were announced in early November. Since then, however, stock markets have been more moody. Longer-than-expected pandemic-related disturbances, rising prices and a slow recovery have weighed them down. I reckon this shows up in Angling Direct's share prices as well, along with some expected moderation in growth from the lockdown boom. The penny stock had a value of 86p when its full-year results were released in May, and has fallen by more than 17% since. It did not help that its price-to-earnings (P/E) ratio at 26 times at the time, looks high in hindsight. What's next for the penny stock?However, I think fortunes may be about to look up for the now-beaten-down stock. Based on today's results, I estimate its P/E ratio calculated from the last 12 months' earnings is around 13 times. This is half the P/E it had until a few months ago.This alone makes it an attractive stock to me. Especially considering that strong earnings growth it has recently seen. Its earnings per share, for instance, are up by 83% from last year. So, at the current share price, its P/E could fall even more if it keeps up with this performance over the rest of the year. This could make it even more attractive. What I'd doI think we can continue to expect a rise in its share price over time from this point on, barring any unforeseen developments with the company. I do not, however, think that it will rise fast. The broader environment has weakened considerably. Numbers on the UK's recovery released yesterday show continued sluggish growth. And while the company has not so far been affected by inflation, it does say that it is not immune to cost pressures. But for my long-term investments, I still think this is a stock to buy.

[hibberts] 14/10/2021 15:48

presentation on the 18th of October 21.
Registration is free.

[daz] 14/10/2021 14:07

My thanks as well hibberts, as Ken says on the interview, it could be an exciting few years ahead.

[gleach23] 14/10/2021 13:03

Cheers hibberts....an interesting listen

[hibberts] 14/10/2021 12:44

24.00. Ken wotton said it reminds him of games workshop.