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[this_is_me] 19/3/2013 13:52

Masurenguy 19 Mar'13 - 13:21 - 2269 of 2270 0 0 (premium) (Filtered)

[masurenguy] 19/3/2013 13:21

More uncertainty will remain while some further disposals are anticipated.

[funkmasterp12] 19/3/2013 11:51

Have to say today's news has put the icing on the cake for me. I got out a while ago and was flirting with playing the dips/peaks but it's just far, far too volatile. GLA holding obviously and given how quickly this can move, I'm sure there's some good gains to be made.

[rescuer] 19/3/2013 10:37

there is a big battle on at the mo, a big buyer and a big seller at 7.7, once the seller has finished, then we could easily move upto 8p + r

[alanrex] 19/3/2013 09:34

quite happy. sale resolved, will enable the management to focus on the other areas. debt down. happy to hold for longer now. all imo dyor

[this_is_me] 19/3/2013 09:26

Dumped all of mine, happy with a bit more than double from early last year, not showing on the trades yet. This morning's announcement greatly reduced the long term prospects.

[aishah] 19/3/2013 08:55

Good move - was always on the cards. Oriel, Buy 10p target

[this_is_me] 19/3/2013 08:16

They would have been better selling anything else rather than the best bit at such a low price, even shutting Kleenez would have been a better option. The management have done well so far in turning around the company but selling off the bit that grew 16% last year and has the best medium term prospects is just daft. At least I have doubled my money in just over a year on this one, having watched it fall for some time before buying. Masurenguy is a well known plonker whose comments I always ignore.

[dcomd99] 19/3/2013 07:55

They probably didn't have a choice. I expect the banks told them to raise cash. They still have a mountain of debt compared to the Cap.

[masurenguy] 19/3/2013 07:46

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.......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. There you go and todays announcement is unlikely to be the end of the process either !

[this_is_me] 19/3/2013 07:19

Seriously stupid deal; selling the part of the business with the best prospects at such a low rating.

[rescuer] 18/3/2013 08:26

IMHO Dilly, they have some upside from here, going to medium and longer term, it would depend on how well the management team execute the recovery stratergy. I think fair value ought to be around 14p at the mo, going forward on a like for like with 2007, i guess upward of 20p, r

[dilly4] 15/3/2013 20:07

i thought there was thanks for that rescuer..Would you say these are a good investment as i have been looking at these for a while hoping they would fall further? only going to buy a few thousand ,but could be worth alot more if there around in 10 years.

[rescuer] 14/3/2013 16:34

1.5m on the book to buy at 7.3 someone is keen r

[sirgainalot] 14/3/2013 16:24

What on earth is going on?

[rescuer] 14/3/2013 16:00

Dilly there was major dilution about 3 years ago 2006 issue c83m 2207 issue c83m 2008 issue c83m 2009 issue c84m 2010 issue c377m 2011 issue c821m 2012 issue c1.67 billion hope that helps r

[dilly4] 14/3/2013 15:54

looking at the table this seems to have 7p support. does anyone know whether this has had a rights issue in the past?i thought it had ,but not sure.

[gucci] 14/3/2013 14:39

finally some improvement

[rescuer] 14/3/2013 14:01

maybe theres a conclusion ahead re the HC sale. hope they get a good few bucks for it r

[daicaprice] 14/3/2013 12:07

Back to the small AT trades and tick back down but good volume, something going on. DC

[daicaprice] 14/3/2013 09:09

Yesterdays trades were very strange but some bigger ones today, very welcome tick up. DC