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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Findel Plc | FDL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 233.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 233.00 |
| Top Posts |
|---|
Posted at 08/6/2018 12:27 by 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 ═══ 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. |
Posted at 06/5/2016 10:59 by scapital Bit of movement today. As exciting as it gets at FDL. |
Posted at 31/3/2016 12:00 by scapital Bought my first FDL shares at 190 today. Definitely something afoot here. |
Posted at 19/3/2013 07:46 by masurenguy Masurenguy - 7 Jun'11 - 1741: Ultimately they are going to have to make disposals to raise cash and reduce debt and to streamline the group by focusing on a maximum of 3 divisions. I would suspect that Express Gifts & Kitbag will constitute the core of their future operation with the 2 or even 3 other divisions spruced up for subsequent disposal. bobsidian - 7 Jun'11 - 1742: Not so. The use of credit is a necessary requirement to allow a business like FDL to function. Though £253m of that debt is referenced in the Balance Sheet as bank loans and is classified as a "non-current liability", its businesses will be using revolving credit that need not be requiring of repayment within its term of availability. Masurenguy - 7 Jun'11 - 1743: They will have to make some future disposals to get their gearing down and to repay bank debt. bobsidian - 7 Jun'11- 1746: FDL have already disposed of non-core businesses. Why would they need to reduce debt further ? Why would they need to strengthen their balance sheet further ? Why would they need to further restructure their balance sheet more than they already have ? Masurenguy - 7 Jun'11 - 1747: We shall see ! Masurenguy - 13 Nov'12 - 2026: I would expect to see them divest the educational division and possibly healthcare products.......Expre There you go and todays announcement is unlikely to be the end of the process either ! |
Posted at 05/3/2013 09:37 by clarky5150 Resc. I still think long term this is a corker. I will be putting my profit i crystalised from AHT this morning into FDL. I have noted however the comments about a drift till pre Christmas and need to give this a better coat of looking at before going all in. Ill bell you later if i get chance. |
Posted at 07/2/2013 11:54 by bracke rescuerAHT the bane of my trading life! Sold out at b/even many moons ago and the rest is history. Have come unstuck shorting it a couple of times so now I am lying in wait. It's become personal with me and AHT, I know it trys to get me. It's a cyclical share and I am determined to make some money from it one day one way or the other, more likely the other. I wish you well with FDL. I will continue to keep an eye on it. |
Posted at 06/2/2013 20:41 by rescuer LoL, Bracke,nice to see you join us here on this very quiet thread. Hope all's well with your AHT trades, who would have thought it all those years ago, AHT would go from 3.5p to the highs of 470p, only wished I'd held the 466K longer. Whilst FDL may never get those heady days again, there is very little risk at these current share price levels, IMHO. PT 12- 14p short term. r |
Posted at 31/1/2013 21:49 by gucci Clearly, I think it might be toppy but FDL doesn't seem to be following the ftse |
Posted at 10/1/2013 14:56 by bottomfisher Daily Mail tip makes three points.1) FDL's recovery 'continues apace';2) NRS healthcare div appears close to being sold:3) trading statement(due Jan 23) should reveal that FDL 'enjoyed a good Christmas trading period'. |
Posted at 13/11/2012 23:43 by masurenguy Masurenguy - 7 Jun'11 - 1741: Ultimately they are going to have to make disposals to raise cash and reduce debt and to streamline the group by focusing on a maximum of 3 divisions. I would suspect that Express Gifts & Kitbag will constitute the core of their future operation with the 2 or even 3 other divisions spruced up for subsequent disposal. bobsidian - 1742: Not so. The use of credit is a necessary requirement to allow a business like FDL to function. Though £253m of that debt is referenced in the Balance Sheet as bank loans and is classified as a "non-current liability", its businesses will be using revolving credit that need not be requiring of repayment within its term of availability. Instead it will be renegotiated before its term of availability lapses - which Note 7 mentions as 22/3/2016. That revolving credit provides the financiers and lenders with their stream of income in the form of interest. Masurenguy - 1745: In my view they will see some disposals in due course to reduce debt and strengthen the balance sheet. We are faced with weak markets over the next few years and with patchwork demand and rising interest rates - which will come- they will need to undertake some further financial restructuring here. I would expect to see them divest the educational division and possibly healthcare products. Kleeneze has a chequered history having been a publicly listed company in its own right back in the 1980's, then divested and taken private before being acquired by European Home Retail. Findel picked it up for peanuts about 5 years ago from EHR's administrators so they could easily be sold on once more. Express Gifts is the core of this business and Kitbag (also acquired from EHR administrators) is a good logistical and demographic fit so I would expect these two operations to represent the nucleus of a resurgent Findel in the future. In the meantime they must first make a further significant reduction in the debt, having diluted retail shareholders to virtually zero with a massive placing and debt restructuring last year. The way forward in this context is via disposals and a focus upon the home shopping via catalogue and internet mail order sales. |
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