Findel Share Discussion Threads

[alanrex] 17/1/2012 07:04

i brought 20ks worth of shares on friday - kind of binary outcome in some ways, personally i hope to see these moving towards 5p by the end of the month if there is good news which i think is a good possibility.

all imo dyor

[cockneyrebel] 16/1/2012 21:28

It was the FD's maiden purchase of £50k worth - I don't know but why blow £50k if you thought the trading update would be anything but good?

The purchase was 6 weeks before the trading statement - a standard sort of period to be in the clear of insider trading imo.

Perhaps I'm being a bit too optimistic but we'll see this week.

imo/dyor

CR

[knigel] 16/1/2012 20:07

Lets see if they are earning their salaries on Wednesday when the IMS is released.

[billybankrupt] 16/1/2012 20:04

Vicious!!

However - if they turn my investment ........

[theglade] 16/1/2012 18:08

so 3 directors purchase £150,000 of shares, (which if purchased via a SIPP would only cost them £90,000) but hold on, this is after paying themselves £1.4 million salary and bonus! not to mention outside this the £160,000 they paid via Robert Siddle Ltd.

I see non-exec Mr Tracey could only manage £3600 of shares from her £71,000 salary.

I hazard to think how much they will pay themselves should they ever make a profit.

[crosswire] 16/1/2012 13:33

Share price forecast

The 3 analysts offering 12 month price targets for Findel plc have a median target of 6.00, with a high estimate of 9.00 and a low estimate of 3.75. The median estimate represents a 88.98% increase from the last price of 3.18.



Dealing date Name & title Shares Per share (GBX) Deal size (GBP)

Purchase
06 Dec 2011
T J Kowalski
Group Finance Director
1,298,312 3.83 49.73k

Purchase
30 Nov 2011
D A Sugden
Chairman
1,500,000 3.00 45.00k

Purchase
30 Nov 2011
E Tracey
125,000 2.94 3.68k

Purchase
29 Nov 2011
R Siddle
Chief Executive Officer
1,630,000 3.05 49.76k

[hjb0181] 16/1/2012 09:37

I would expect a positive statement on Wednesday.

[altom] 13/1/2012 16:51

I emailed chairman a few days ago and he replied saying Trading Update would be issued soon, as has now happened. I think that shows efficiency and attention to detail and also expect the statement on 18th to be promising. Once they are past the initial hump, say 7p, these shares will fly.

[billybankrupt] 13/1/2012 11:37

It would be great to see a steady rise to the 18th

There are no doubt many of us who have held, and held, and held, and held

Come the 18th, we should expect to be rewarded at least to 5p

[crosswire] 13/1/2012 10:28

Findel's Express Gifts grows customer base
December 22, 2011

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Express Gift's Christmas cards

Get Your Train Tickets Bosses at Findel today hailed the success of their investment in mail order brand Express Gifts, which they say has outperformed expectations since the launch of a turnaround plan.

Findel is spending £7m on new IT systems at Express Gifts, its largest division, and has grown its customer base for the first time in five years.

Express Gifts lost 500,000 customers between 2005 and 2010, from a peak of 1.6 million.

Its managing director Phil Maudsley said: "We had taken our eye off the consumer and had to address some value issues.

"We did some tests to see if cutting prices could drive demand, and it delivered.

"Now our customer base is 3.7 per cent ahead of where it was last year, which is the first growth for five years."

Hyde-based Findel held a major strategic review to restructure and refinance after accounting irregularities were uncovered in April 2010.

In February, the group raised £80m, of which £35m was retained to invest in the business.

Key priorities for Express Gifts, which grew sales by 10.9 per cent in the eight weeks to November 25, were to replace outdated computer systems, improve 'tense' supplier relationships and arrest the decline in its customer base.

Group chief executive Roger Siddle said: "We never anticipated that we would be able to do this in six months."

The group, which also includes Kleeneze, Kitbag and education and healthcare divisions, is investing £7m over three years to replace core systems at Express Gifts, some of which are 25 years old.

Currently all customer orders are processed overnight, but Express Gifts is hoping to move to real-time processing during 2012. It is also investing in improving its credit management systems.

Mr Siddle said: "This is an investment that should have been made a number of years ago.

"The system captures information to help us look at a customer's credit limits and extend them where appropriate, or control customers who may be over-extending themselves."

He said 'substantial' savings had also been generated by renegotiating Express Gifts' delivery contracts.

Mr Siddle said: "Our focus has been to repair the damage to the business from the previous few years of financial uncertainty.

"We feel like we have done a pretty good job so far, but there is still a long way to go.

"It is a pretty challenging environment but we are really encouraged by the overall development of the group."

Big sellers this Christmas have included carpet cleaners, personalised children's toys including doll's houses and electronic items such as iPads and Kindles.

It plans to launch new lines next year, including lingerie and smaller domestic items including toasters and kettles.

Catalogue retailer Express Gifts now generates 45 per cent of its sales online, and it has seen strong demand for personalised gifts, with 40 per cent of customers having bought at least one product in the last year.

Express Gifts has 900 staff, which rises to 1,550 with temporary workers during the festive season. END

[cockneyrebel] 13/1/2012 08:50

A bit of buying now they've issued that date - chart turning up again too?

Perhaps the statement will reveal why directors were buying recently.

imo

CR

[crosswire] 13/1/2012 08:49

Roger Siddle, Group Chief Executive, commented:

"In what has been a particularly challenging economic environment, we are encouraged by the development of the Group. We are particularly pleased that Express Gifts, our largest business, is on track for a very strong Christmas with current trading 10.9% ahead of last year.

[knigel] 11/1/2012 19:32

Still a very wide spread, which doesn't help. Still an IMS is due at some point this month.....

[cockneyrebel] 11/1/2012 18:53

I'm long here Lord Gnome - directors buying, well sold off and chart looks like it has started to turn imo - should be a t/s soon imo.

CR

[altom] 11/1/2012 16:46

10% rise today. Do we feel a favourable Christmas trading report coming soon ?
Up to 5p would be a very nice start to the year.

[lord gnome] 11/1/2012 15:37

Afternoon all,
Just joined you with a speculative first purchase at 2.97p. I'd been waiting for them to dip back below 3p and finally got my chance.

[knigel] 06/1/2012 20:40

Altom, I will just be happy to see FDL back over 5p at the moment! Hopefully the directors might make(even more) share purchases soon. Just hope no profit warning is around the corner...if not, share price should move back upwards!

[billybankrupt] 06/1/2012 10:06

Somebody seems to know more than most of us as this drifts lower

Would love to believe there is an upturn in the price back towards what this owes me, but am struggling

[altom] 06/1/2012 08:18

OK KNIGEL perhaps I am too optimistic looking for jump to 5% margin but even 3%
should bring share price about 15p when results for Y/E Dec 2012 are published, so naybe your 10p is more realistic. If we are given a trading update with healthy volumes I will be very optimistic.

[knigel] 05/1/2012 20:32

I'll be buying some tomorrow ahead of poss IMS. Current share price has fallen back too far and looks a good buying opportunity.
My Easter 2013 share price prediction is min 10p, don't forget there are now 1.7 billion shares in issue so 24p might happen but unlikely in near future IMO.

[altom] 04/1/2012 23:10

Thanks, CRebel. So with any luck we may hear something next week. Surely the directors must have had SOME reason for buying. They must be confident long term if not short term. This is a share where patience may bring amazing rewards in a couple of years time.
Any other predictions for Easter 2013 share price. Mine is 24p.

[cockneyrebel] 03/1/2012 12:59

Trading update Jan 8th last year - perhaps that will reveal why the directors have been buying.

CR

[altom] 02/1/2012 12:45

I wonder if we will get a trading update fairly soon in the new year. A small increase in T/O plus increase in margin (1.6%) and re-rating of P/E (3.6) could easily see this up to 8p very soon. Next trading update will be crucial.
If they can show decent figures in present climate, who knows where they could be in 2 years time ??!! On t/o up 10% in 2012, if Margin = 5% and P/E = 7 (not unreasonable) share price = c.24p. That is my target for Easter 2013.
I would like to hear any arguments for higher or lower.

[jxman] 22/12/2011 18:18

Some decent buying today. Directors buys show confidence.

[this_is_me] 22/12/2011 08:40

Yes definate value at these levels despite the risk.