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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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 39.00 | 175,059 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 37.00 | 41.00 | 39.00 | 39.00 | 39.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Sporting & Rec Goods-whsl | 81.66M | 1.22M | 0.0158 | 24.68 | 30.13M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 15:48:20 | O | 50,000 | 37.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 12/12/2024 | 07:00 | UK RNS | Angling Direct PLC Transaction in Own Shares |
| 09/12/2024 | 07:00 | UK RNS | Angling Direct PLC Capital Allocation Policy & Buyback Programme |
| 08/10/2024 | 11:24 | ALNC |  Angling Direct interim profit rises as loyalty scheme membership grows |
| 08/10/2024 | 06:00 | UK RNS | Angling Direct PLC Half Year Results |
| 21/8/2024 | 10:52 | ALNC | Angling Direct first half revenue rises on strong growth in UK market |
| 21/8/2024 | 06:00 | UK RNS | Angling Direct PLC Half Year Trading Update and Notice of Results |
| 20/6/2024 | 14:42 | UK RNS | Angling Direct PLC Result of AGM |
| 20/6/2024 | 13:42 | ALNC | IN BRIEF: Angling Direct shares up on "resilient" performance |
| 20/6/2024 | 06:00 | UK RNS | Angling Direct PLC AGM Statement |
| 28/5/2024 | 12:09 | UK RNS | Angling Direct PLC Posting of Annual Report and Notice of AGM |
Angling Direct (ANG) Share Charts1 Year Angling Direct Chart |
|
1 Month Angling Direct Chart |
Intraday Angling Direct Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 09/12/2024 | 19:47 | Angling Direct plc | 446 |
| 13/6/2018 | 09:17 | ANG stinks of old cod, earnings per share 0p | 2 |
| 28/2/2001 | 19:39 | Anglian - looks good value | 2 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 16:48:20 | 37.50 | 50,000 | 18,750.00 | O |
| 16:48:17 | 37.50 | 50,000 | 18,750.00 | O |
| 15:41:18 | 38.06 | 10 | 3.81 | O |
| 15:34:26 | 40.28 | 14 | 5.64 | O |
| 15:34:08 | 38.06 | 10 | 3.81 | O |
| Top Posts |
|---|
Posted at 12/12/2024 08:20 by Angling Direct Daily Update Angling Direct Plc is listed in the Sporting & Rec Goods-whsl sector of the London Stock Exchange with ticker ANG. The last closing price for Angling Direct was 39p.Angling Direct currently has 77,267,304 shares in issue. The market capitalisation of Angling Direct is £30,134,249. Angling Direct has a price to earnings ratio (PE ratio) of 24.68. This morning ANG shares opened at 39p |
Posted at 09/12/2024 08:07 by sphere25 A £4m buyback versus a market cap of about £29m at 38p. That is a decent wedge, especially considering how illiquid ANG is. Taken a small position at the bell, well what I could get hold of.They closed off the buying at 38p in double quick time. The statement sounds more bullish, but clearly it is retail so can't get too excited. Just wondering if that buyback can cause enough optimism to move the price at least into the 40's. Set the bar low. All imo DYOR |
Posted at 28/12/2023 08:46 by darrin1471 ANG was tipped by Ken Wotton of Gresham house in "This is Money" as a top tip for the next 12 monthsGresham house owns 26% of ANG Laurence Hulse of Dowgate Wealth used to work for Gresham house.(5.67%) Its worth watching the youtube video in post 415 to see why they hold. |
Posted at 29/11/2023 19:47 by dubby "Kelso also believes that Angling has surplus capital and that some of the GBP17.6 million of net cash, being c.60% of the market cap, should be used to buy back a portion of its equity whilst the shares are at or close to the current level."Kelso are smart cookies, a buyback as they suggest could double the share price, i think we will see major movement sometime soon. |
Posted at 29/11/2023 08:47 by monet I see a RNS this morning Kelso GroupNew investment in Angling Direct Plc ("Angling") Kelso is pleased to announce that it purchased 2.32 million ordinary shares in Angling, at an average price of 35.1p, representing 3.0% of the total issued share capital in the company. Why no RNS from ANG? |
Posted at 26/10/2023 16:04 by dexterburt1 Hopefully a good opportunity for him to give clarity on a few areas that are holding the share price back at the moment...that said, couple of decent days so ANG is starting to get some credit at least. |
Posted at 24/10/2023 13:18 by darrin1471 Cash has been an insurance policy against rough markets. I am sure the management could put it to work on expansion if markets allowed.I held SCS pre GFC when they were opening stores across the UK. Profitable every year, investing profits into expansion. Entering the GFC SCS had no debt and a small cash pile to fund expansion which disappeared as the downturn hit. No debt but no working capital as share price crashed and banks nearly went bust. Unable to raise equity or borrow, SCS went into a prepack with PE. PE continued to fund expansion before IPO. Today SCS bought again at a 60% premium. DFS pre GFC had big debts and the banks needed to support it to protect their loans. I think ANG have proved their business model in the UK. Expansion could be turbo charged with new equity or PE. They are testing that model in Europe. If successful then finance will be needed to expand rapidly. IMO the most likely outcome is a buyout by PE. If Gresham paid 50p then they have to be looking to double that, but they may accept less. |
Posted at 16/7/2023 09:58 by darrin1471 evoque92. Thank you for the heads up on the Onward Opportunities(ONWD)iI have ONWD on a watchlist as they have an investment strategy similar to mine. So I am interested that their first core position is in ANG and only a month after I first started to buy. It is worth noting that Laurence Hulse the lead fund manager of ONWD prior to 09/2022 had worked for Gresham House since 2015 and was almost certainly involved in building Gresham House's stake in ANG which is currently 25.95% Gresham House and ONWD appeared to buy the 5% Octopus stake in ANG in June. Gresham House have been a long term holder in ANG. Adding at 50p during the March 20 covid crash, adding at 70p in 09/21 and again at near recent lows. "With Angling Direct, we believe we have found an outstanding value opportunity hiding in plain sight; an attractive asymmetric risk profile underpinned by a net cash balance (£14m), that is c.65% of the market cap (c.£22m). The company represents either a growth or value investment, depending on various strategic decisions in the coming months. The business has a dominant market position in the UK, where it is profitable and cash generative from a repeat customer base of anglers, where market share can be grown further. These metrics are targeted to improve under new management supported by a UK consumer recovery. More recently, the business has been attempting to enter the much larger European market to provide additional earnings growth. Success has been limited so far, with annual losses that are material in the context of overall group profits, albeit in difficult conditions, whereas the UK business generates an EBITDA that is about double the current group number (which includes European losses) even in the recent tough trading conditions of 2022. Upside comes from when the European strategy starts to bear fruit in the near term and contribute profitable growth to the group, or from when it can be wound down to remove the losses from group profits and opportunity cost, and we would be left with a value investment in a leading UK retailer trading on less than 2x EV/EBITDA. We estimate a 6-month payback on a closure of the European strategy. Either of these outcomes would add more than 50% to EBITDA and this optionality is in the context of our entry valuation on Angling Direct of c.£20m, of which c.£14m is net cash and there is a further c.£16m of stock. ONWD shareholders, who have backed our active and engaged approach, can expect us to be working hard to drive one of these two profitable outcomes on our investment. We have noted with interest the consolidation of angling retailers in the USA and Nordic countries in recent years." IMO opinion Gresham will have been buying at 50p with an exit strategy of above £1 and will need a takeover at some point to exit the large investment. Does anybody here know anything about "consolidation of angling retailers in the USA and Nordic countries" |
Posted at 03/7/2023 12:33 by darrin1471 I think ANG got caught up with the other UK online retailers. The sector got a boost after the initial covid shock which then turned sour with shops re-opening and the supply chain issues. ANG in addition had Octopus selling an illiquid share and poor river conditions last summer.Fundamentally the business and strategy looks sound so imo the share price should recover when online recovers. I bought ANG as a recovery stock but at above 60p I would still hold some as a long term play. ANG have cash but not enough cash to gamble and lose. Expansion in Europe has to be done carefully at first to see what works. ANG appear to of changed strategy in the UK with them opening new shops in under serviced areas rather than buying up local businesses. The trial of smaller UK shops also appears sensible. If the European expansion works along with the smaller UK shops then the share price should recover further allowing fund raising to fund faster expansion. Online only retail was a investment trend. Omni-channel now looks a better idea so ANG is well place if omni-channel becomes the new trend. |
Posted at 03/7/2023 10:24 by fevertreeman All the catalysts here have been negative for the share price up until Gresham's move to go large and take the Octopus stake, which did move the share price positively.I really despair sometimes with these small-cap management teams. Surely must have dawned on this lot by now that what's needed to generate share turnover is positive newsflow. They had a golden opportunity to strike a positive note with the 22 June trading statement but gave just one line - the bare bloody minimum. They're continuing to sit on cash; there's no sign of any bolt-on deals in Europe, and no sign of any sense of urgency. So share price has nothing to cling on to. |
Posted at 14/10/2021 17:57 by tole https://www.fool.co. |
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