Findel Dividends - FDL

Findel Dividends - FDL

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Findel Plc FDL London Ordinary Share GB00B8B4R053 ORD 10P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 233.00 01:00:00
Close Price Low Price High Price Open Price Previous Close
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Industry Sector

Findel FDL Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

3rd eye: FDL Findel........ online retailer wholesaler. Came up on my screener and after quite a lot of research taken a healthy position. Spread is a little wide but helps to buy in 2 tranches or more. Last results just a couple of days ago....... Outlook We are confident in the medium-term prospects for the Group, with Express Gifts able to see further growth in its customer base through its clear focus on providing great value products to its customers and transforming itself for a digital future. Express Gifts aims to be forward-looking and proactive in its approach to financial services regulation and risk management to ensure that it achieves sustainable returns. The operational turnaround of Education continues to show encouraging results, but we will learn more about the likely pace of translation into profit once the seasonal back-to-school peak period has been completed in September. We are encouraged by the start to the new financial year from both businesses, and remain confident in the opportunities for future profitable growth. Broker Talk Edison Investment Research Limited: Edison issues outlook on Findel (FDL) 08-06-2018 10:18 Edison Investment Research Limited Edison Investment Research Limited: Edison issues outlook on Findel (FDL) 08-Jun-2018 / 10:18 GMT/BST ═══;══λ2;══_52;══ 552;═══════════;══λ2;══_52;══ 552;═══════════;══λ2;══_52;══ 552;═══════════;══λ2;══_52;══ 552;══ London, UK, 8 June 2018 Edison issues outlook on Findel (FDL) Findel (FDL) is seeing outstanding success with its online-led value retail strategy. FY18's 21% PBT growth includes a strong Black Friday and Christmas campaign. However, underlying independent market share growth puts FDL on the right side of a difficult sector. Also, considering that customer redress has been bottomed out, Education has been stabilised and that core net bank debt (excluding receivables-related debt) is close to net positive, most of the negatives in the investment case have been removed. FDL appears to have turned the corner and our revised valuation suggests significant valuation headroom. In our view, despite the recent share price rise, a FY19e P/E of 9.9x, does not yet fully recognise FDL's independent growth characteristics or the effective removal of the negatives in its investment case. Our revised valuation approach uses two metrics: a DCF projection to value on the longer-term income stream; and relative valuations to price growth among peer retailers. The first values the shares at 401p, the second at 455p. We therefore define a blended valuation of 428p, implying an unstretched FY19e P/E of 15.5x and EV/EBITDA of 8.5x.
walbrock82: Revenue rose 8.4% LFL vs. 6.1% increase in overall sales. Express Gift was the deliverer was 15% LFL sales growth. Although, operating profit rose to £16m from £2.6m. Profit didn’t convert into cash profit as it reports operating cash loss of £4.2m. This is due to a reduction in the provision of £10m. In fact, a reduction in provision helped to boost Findel PLC Income Statement by £10m. Also, helping Findel to report a profit is a lower bad debt from receivables to £10m vs. £16m last year. Overall, Findel profits were boosted by a reduction in the provision of £10m and a decline in bad debt of £6m. In total, it contributed £16m to Findel Income Statement. This is a good thing if positive momentum in the business continues. However, to fully understand Findel business and future opportunity, we must look back at the past to uncover gems or traps in the future. For the full report on Findel, which includes: 1). Share price history; 2). Business model: 3). Why Findel struggles to grow net profit for some time? 4). Findel’s debt; 5). Outlook. Then click on the link
scapital: Up 4%, not sure my heart can take these wild share price movements.
1gw: Once you remove the fat-finger/corrected trades, I think you can split Thursday's big volume trades into 2 groups of 9.505m shares, all transacted in the low 170's. My guess (but as you can see above, I've been wrong with the guesses very recently) is that this would be Sports Direct's CFD counterparty buying shares and an existing shareholder selling them - although that then leaves you a bit short of declared trades to get up to the 10.9m bought by Sports Direct - even if you assume that they or their counter-party were hoovering up the rest of the shares (the 5000-share ATs and the 30k odd in the closing auction). Maybe the missing shares came from a non-LSE platform? Anyway, I've bought some more at 198p on the basis that either through an outright bid for Findel, or through a commercial marketing/distribution arrangement between Sports Direct and Findel, Sports Direct's increased holding will turn out to be a positive for the Findel share price. And I note that my purchase (which went through on ICAP according to the contract note) doesn't appear on the advfn trade listing. My opinions and guesses only - no advice intended.
1gw: And things have started moving again today. Have to wait for the TR-1's to have a better idea of what exactly, but odds on Sports Direct baling out I would have thought (because the large trades were priced in the 170's). However, even if it is SD baling, it will be interesting to see who was buying, given the share price reaction. Was it just Toscafund and Schroders buying them back or is someone else involved? And was the series of 5000-share buys which appeared to drive the price up (before the larger trades appeared on the trade listing) linked to the bigger trades or something else? Hopefully most will be revealed in forthcoming holdings notices.
1gw: Could be a trading statement on Thursday (1st October). Interesting that they chose to announce the approach for Kitbag today, with the Sports Direct holding news, rather than keep it back for a TU a couple of days later. If the news wasn't about to leak, I would have thought a TU was the more obvious place to notify the market of the interest in Kitbag. Does that suggest some concern about Sports Direct's near-term intentions? Releasing the news about Kitbag at the same time as the holdings news might have been expected to push the share price up (more so than just the holdings notice) and so make it more expensive for Sports Direct to acquire more shares in the near-term. Or does Sports Direct's aggressive move suggest that they may already know about the Kitbag interest and so Findel felt they had no choice but to release the news to the rest of the market?
darias: Beazer I agree that the company appears sound however, share prices reflect the market view of the stock and not the state of the company. We held for many years like you took up the rights and held a loss for a very long time. The management was good and did all the right things and the share price recovered. However early this year the share price rose to well over 30% that we paid for them. It was clear that we would not get the chance to make 30% for a very long time so we implemented a stop loss and, as reported above, that was automatically sold at around £3. We sat on a very good profit. Looking again there is support around £2:50 mark and if they are at that price next meeting I will recommend buying another lump. If they fall through £2:50 I may not consider a recommendation for buying but if they are over £2:60 I certainly will not be buying without very good reason. That is company fundamentals and not predictions. I learnt a long time ago "never fall in love with a share" the market doesn't. "What's a share worth? What some other mug will pay for it".
beazer2: I am at something of a loss, in both respects, on this one. I bought some years ago and took up the rights. It has been a dog of a share but management has really got to grips with the company. The IMS at the beginning of April was as good as anything you could wish to see and the share price has slid from 320p to below 260p at which point I have started buying. The shares, on the confirmed profit estimate, are on a multiple of 12 and with margins expected to improve markedly, and action being taken to correct the remaining loss-making divisions, this is set to come down to well below 10. So a real growth stock but why the slide in sp? As I say I am at a loss but averaging down with a level of confidence.
bc4: There should be some broker upgrades/share price targets upwards soon
alanrex: interesting. happy to hold a for double digit share price!! all imo dyor
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