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FDL Findel Plc

233.00
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Findel Investors - FDL

Findel Investors - FDL

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 01:00:00
Open Price Low Price High Price Close Price Previous Close
233.00 233.00
more quote information »

Top Investor Posts

Top Posts
Posted at 27/3/2019 10:45 by qantas
FYI

Findel, Ashley's other listed takeover target, has published its shareholder circular urging investors to reject Sports Direct's 161p offer which it claims "is opportunistic and undervalues" the company

Please do your own research as always.
Posted at 26/7/2013 10:28 by rafieh
I consider 220-230 as an exit point for those who are in for a quick buck, but the real investors will wait for much higher levels.
Posted at 29/11/2012 06:57 by cockneyrebel
hindsight :-)

All investors would be perfect traders if foresight was hindsight.

CR
Posted at 27/11/2012 08:12 by cockneyrebel
About 20 sales at the open, the largest 100k lol.

All traders leaping, now watch for funds and investors to pick these up on the dip as the broker notes start getting out imo
Posted at 03/10/2012 09:07 by alanrex
I thought a very steady/good update. A strong xmas could see this move into double digits quite easily, I'm not expecting upgrades on this but I think a good xmas could see significant upgrades a range of new investors come in for the recovery story. i was a little worried going into this that numbers would be mixed but actually I am very reassured that I can leave this to the side. Clearly there are dangers but i feel confident management are making solid progress and that these could end performing amazingly well for me

all imo dyor
Posted at 07/9/2012 09:20 by fugwit
FDL got a mention on the last diy investor webcast, went through both the fundamentals and TA. Not up on the site yet but worth keeping an eye out for it for I would have thought:
Posted at 08/6/2011 12:36 by this_is_me
Back in again this morning; the first time since making a few quid back in early 2009.

Ignore measurenguy since he is a a well known wally.

Kitbag could be floated off since it is the growth story while the rest is only, at best, low growth. This would allow growth investors to stock up on Kitbag while value investors buy the rest. At present neither group will be really positive about the mixture.
Posted at 29/3/2011 13:21 by bottomfisher
Bobsidian. Who are the IIs who are backing this share? Schroders, traditionally FDL's biggest shareholder and a serious midcap investor, has allowed its stake to slip from 28.87% to 25.28% which suggests that it did not take up its full share of the rights issue. Keith Chapman, the former chairman, who had a 5.96% stake, appears not to have taken up his share of the rights, although the prospectus indicated that he was committing £4.7m to maintain his 5.96% stake.

The only II which has increased its stake is Tosca, a hedge fund with a chequered track record. It now owns 26.4% but this could rise to over 40% if it failed to get rid of the 368m shares it had agreed to subunderwrite.

Let's hope that FDL is a recovery share. But the behaviour of several investors who should know makes me pessimistic.
Posted at 29/12/2010 09:58 by jab118
The retail sector have a lot worse to enjore in 2011, however the public has shown they're buying on-line at an increasing rate.

Also a few investors showing interest here.
Posted at 07/11/2010 11:04 by masurenguy
From The Sunday Times today

Crisis-hit retailer in emergency cash call

A STRUGGLING home-shopping retailer is planning an emergency cash call after issuing its third profits warning in eight months. Findel, which owns brands such as Kleeneze, a marketing firm that was a sister company to the failed Farepak, is under pressure to slash its debts. The group is considering a range of moves, including a £40m equity raising that may prove unpopular with investors. Last year, the retailer raised £80m from shareholders to ensure its survival.

Despite using the proceeds to pay down debt, Findel's stock market value has slumped amid investor concern that its finances remain overstretched. It has sold off loss-making businesses but is still burdened with loans of £310m. The debt pile is four-and-half times larger than its stock market value, which has fallen by 61% in the past year to just £67m. Its shares languished at 13.5p on Friday, a far cry from mid-2007 when they almost hit 500p.

The company, based in Burley in Wharfedale, West Yorkshire, operates a hotch-potch of catalogue and online retail brands including Kitbag, a supplier of replica football kits. It also supplies a range of educational products to schools.
Last week's profits warning was Findel's third earnings shock this year. In March, accounting problems in its education arm meant results had to be restated, and in July the firm admitted debts were a concern and announced losses of £76m. Findel's banks are now increasing the pressure on Roger Siddle, the company's chief executive, who joined
in September and is undertaking a strategic review. The firm's lenders may also force the sale of bigger businesses, including the education division. It recently replaced its auditor Deloitte with KPMG.

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