Findel Share Discussion Threads

[daicaprice] 15/11/2012 16:06

This is looking very tasty, 10p by Friday looking very possible!!

DC

[altom] 15/11/2012 15:41

daicaprice. silly me. of course you are right. thanks. Tosca seem to want as many as poss. without being forced to bid. quite re-assuring. good investment with confidence in current management.

[daicaprice] 15/11/2012 15:30

29.9% isn't it altom.

DC

[altom] 15/11/2012 15:26

I am under the impression that anyone holding more than 29% of a public company has to make a bid for the remainder. Any thoughts on this ?

[cockneyrebel] 15/11/2012 11:12

You'd have to think Tosca's Martin Hughes has the ear of the co with a stake of this size an knows just what the sale of the healthcare division means for the future of the co and the share price imo.

I followed him into Hornby 12 years ago when the shares were just over £1 (pre-share split) - they went to over £10. He was buying when all the other funds were saying "what? model trains?"

He and I both got out when the newspapers were telling everyong to buy at £10+ :-)

Buy unloved, sell loved imo.

All imo/dyor.

CR

[nw99] 15/11/2012 09:04

Sorry typo 8.39

[nw99] 15/11/2012 08:59

8.5 I just topped up

[bc4] 15/11/2012 08:32

8.19s are all buys

[mesquida] 15/11/2012 08:22

Anybody who thought that the Company might take advantage of recent share price strength to get a further funding away is going to have to think again. No way would TOSCA be dealing if a funding was on the cards. This is really good news because it proves to me that we are now going to enjoy a possible 3 year recovery story without further dilution.

[cockneyrebel] 15/11/2012 08:12

Breakout continuing.

Tosca couldn't buy many more - right up to the limt.

Shrewd old guy Hughes, imo.

CR

[bc4] 15/11/2012 07:51

Thats where the 50 mill went tue

[nw99] 15/11/2012 07:25

Tow I fund stake up to 29% now by the looks of it in today's RNS

[alanrex] 14/11/2012 23:05

what is the gist of the article?

[cockneyrebel] 14/11/2012 22:44

Had a read through SCSW article again tonight - really worth trying to get a copy to read.

CR

[alanrex] 14/11/2012 22:03

its been an interesting few days/weeks, and good to see the interest on this bb for this stock has picked up. the run up to the next formal RNS and beyond will be interesting.

[sportbilly1976] 14/11/2012 10:32

big breakout...next resistance (technically) is ~13p

[daicaprice] 14/11/2012 10:30

Looking good for 10p by Friday close at this rate, next week could be fun!!

DC

[cockneyrebel] 14/11/2012 10:28

Broken out through the recent high.

CR

[bc4] 14/11/2012 10:24

On the move big time

[funkmasterp12] 14/11/2012 10:24

Testing recent highs now, increased buying activity today.

[masurenguy] 13/11/2012 23:43

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.

[alanrex] 13/11/2012 22:36

unfortunately i dont have access to the site.. what does it say?

[gymfit] 13/11/2012 22:30

looks like the other bits may be sold off also

[gelp] 13/11/2012 21:56

Any idea(s) who the potential buyer could be?

[alanrex] 13/11/2012 14:14

interesting times, tempted to buy more but I already have a lot invested!

all imo dyor