Findel Share Discussion Threads

[gucci] 24/3/2015 10:57

taking off now

[dlku] 23/3/2015 15:45

bid coming?

[dlku] 23/3/2015 12:41

target 400p

[gucci] 23/3/2015 12:41

looking good

[gucci] 19/3/2015 17:14

Heading for a breakout

[dlku] 02/2/2015 22:08

not cheap if schools aint got cash

[ih_434834] 21/12/2014 19:21

Looks cheap at 205p.

[beazer2] 07/8/2014 14:10

Director purchased £121k at 261p on 22/7.

[billybankrupt] 22/7/2014 13:24

This better find support at this level (240), or we could be heading a long way south

[nw99] 04/6/2014 07:17

Substantial Improvement in Financial Performance

[darias] 07/5/2014 13:05

Beazer

I agree that the company appears sound however, share prices reflect the market view of the stock and not the state of the company. We held for many years like you took up the rights and held a loss for a very long time. The management was good and did all the right things and the share price recovered. However early this year the share price rose to well over 30% that we paid for them. It was clear that we would not get the chance to make 30% for a very long time so we implemented a stop loss and, as reported above, that was automatically sold at around £3. We sat on a very good profit.

Looking again there is support around £2:50 mark and if they are at that price next meeting I will recommend buying another lump.

If they fall through £2:50 I may not consider a recommendation for buying but if they are over £2:60 I certainly will not be buying without very good reason. That is company fundamentals and not predictions.

I learnt a long time ago "never fall in love with a share" the market doesn't.

"What's a share worth? What some other mug will pay for it".

[beazer2] 06/5/2014 18:00

I am at something of a loss, in both respects, on this one. I bought some years ago and took up the rights. It has been a dog of a share but management has really got to grips with the company. The IMS at the beginning of April was as good as anything you could wish to see and the share price has slid from 320p to below 260p at which point I have started buying.

The shares, on the confirmed profit estimate, are on a multiple of 12 and with margins expected to improve markedly, and action being taken to correct the remaining loss-making divisions, this is set to come down to well below 10. So a real growth stock but why the slide in sp? As I say I am at a loss but averaging down with a level of confidence.

[darias] 23/1/2014 16:13

Stop loss triggered yesterday.

[billybankrupt] 21/1/2014 18:59

Having bought in slightly too early, ridden this share down and been forced into further investment with the restructure, I am amazed by my return. Please don't let me down tomorrow.I think that much is priced in with room for a little improvement. Good luck everyone

[darias] 15/1/2014 08:19

Explains yesterday's jump and more on the way! Could this be another ASOS

Findel PLC

15 January 2014

15 January 2014

Findel PLC ("Findel" or "the Group")

INCREASE TO EXPRESS GIFTS' SECURITISATION FACILITY

Findel PLC, the UK Home Shopping and Education business, is pleased to announce an increase in the Express Gifts' securitisation facility from GBP105m to GBP130m, supporting the ongoing growth of Express Gifts' business.

There has been no change to the Group's revolving credit facilities ('core net debt') and this therefore represents an increase in the total borrowing facilities available to the group. The increased scale of the securitisation facility will provide a more appropriate source of funds to support future growth in Express Gifts, and will allow the Group's core net debt to reduce at a faster rate.

The Group's total debt at the end of December 2013 was GBP224.3m, a decrease of GBP19.8m since December 2012, of which core net debt was GBP119.3m, also GBP19.8m lower than last year. Had the increase to the securitisation facility been in place at the end of December (which is a seasonal high-point for the receivables book), core net debt would have been GBP39.5m lower than last year at GBP99.6m, although total net debt would not have been affected further. There are no other changes to the Group's debt facilities which all mature in March 2016.

Tim Kowalski, Group Finance Director, commented, "Express Gifts, our largest business, has delivered strong year-on-year growth throughout our turnaround, underpinning the recovery of the Group. This increase in the securitisation facility provides a more appropriate source of funding for Express Gifts to continue this growth. This change reflects continuing progress in restoring our lenders' confidence in the Group's financial

position. We are grateful for the ongoing support from HSBC and our other lenders."

As previously announced, a full update on trading will be provided in an Interim Management Statement to be released at 7am on Wednesday 22(nd) January 2014.

Enquiries

Findel PLC 0161 303 3465

Roger Siddle, Group Chief Executive

Tim Kowalski, Group Finance Director

[billybankrupt] 14/1/2014 16:44

So am I!!!!!

[alanrex] 14/1/2014 15:50

im interested. and happy! ;)

[darias] 14/1/2014 15:26

So again nobody interested in a sudden climb of 7% on announcement of a further announcement of trading figures.

Something leaked?

[billybankrupt] 13/1/2014 12:59

Are we looking to march on ahead of next week?

Could we break £3?

Here's hoping

[ap6901] 22/10/2013 13:54

The 1 for 20 share consolidation happened around the end of March/start of April time. Findel announced this consolidation on 19/03/2013.

The price dropped to about 6p (in old money) at the start of April and has risen ever since.

[tradermania] 22/10/2013 12:56

from what to what? Just trying to understand what this price was before, 3p etc

[funkmasterp12] 21/10/2013 11:43

They were consolidated about 9 months ish ago.

[tradermania] 21/10/2013 11:31

Can someone tell me, have these shared been consolidated, or have they gone back up from 3p to todays price? They look like they had been consolidated at some point

[major clanger] 24/9/2013 16:19

Broker upgrade:
Cantor Fitzgerald - Buy from Hold - TP to 325p from 160p