Flying Brand Share Discussion Threads

[clocktower] 28/7/2008 12:01

Recovery on what basis?

[made1686] 28/7/2008 11:49

WELL things looking beater we are on a roll NO

[clocktower] 08/7/2008 15:29

I guess you are correct NTV - the risk is to high to be short.

It all looks like it has been a big mistake for the larger holders that paid a huge premium to current levels. Mr K catching a cold on this one.

[ntv] 08/7/2008 10:14

be careful if you are still short clocktower
now closed ours
big boys now running the showing telling the puppets what to do
bid or break up next i guess

[clocktower] 08/7/2008 09:46

made1686

The VAT people are it seems trying to close Jersey down when it comes to VAT free goods as they are now putting in place regulations that ensure on-line businesses show the amount of labour content and packaging etc etc of each and every parcel shipped.

The Channel islands will come under serious presure from the UK to prevent the advantages that have previously been available.

In fact with the high cost of shipping etc the tables have turned imo.

Beware of internet retailers that are offshore.

[made1686] 03/7/2008 22:37

yes i am glad they close ing it down back too fly,ing flower which i still think it be back to three pound + in five years time

[topvest] 03/7/2008 22:07

Unlucky. The news could have been worse; at least of the rest of the business is doing ok. Greetings Direct was always an odd buy, given it uses a very different model. Their acquisition strategy needs to be stopped imo. It's time for organic development of the business before they wreck this once great company.

[cockneyrebel] 03/7/2008 21:50

Nice of them to come clean at 7 am or during the trading day.

I be the poor sod that bought £20K worth will be chuffed.

CR

[topvest] 03/7/2008 21:39

What a disaster...was this a totally disastrous acquisition or what!? That's the end of any dividend this year.

[cockneyrebel] 03/7/2008 19:33

Naughty naughty!

Big warning at 6.23pm - trying to sneak it out .

RNS Number : 3101Y
Flying Brands Limited
03 July 2008


3 July 2008

Flying Brands Limited ('Flying Brands' or the 'Group')

Trading Update

Flying Brands, the Jersey-based home shopping group, is today providing an update on its Greetings Direct business further to its announcement on 29 May 2008.

In January 2008 it was announced that the Greetings Direct business would be tested in the United States and substantially extended in Australia. The response rates to the test in June in the United States have been extremely disappointing and the
Board has decided not to invest any more monies in the United States and to close down that operation. The US performance would have delivered economies of scale which will now not materialise. This, combined with the continuing deterioration of the bad
debts and returns metrics in the UK and Australia, means that Greetings Direct will make losses in 2008 with little probability of profits in 2009. As a result of this the Board has decided, with immediate effect, to close down the USA business and to
start a managed closure of the UK and Australia operations over the next 12 months.

The impact of this decision is to impair the full carrying value of the goodwill and intangible assets of Greetings Direct by £11.5m.

In addition the Board considers it prudent to make a provision for future losses and closure costs for the Greetings Direct business of about £1.7m. This is likely to have a negative impact of circa £1.5m on the expected profit before tax
for this financial year.

Trading in the other brands overall is currently in line with our expectations as expressed in our trading update of 29 May 2008.

For further information, please contact:

Flying Brands Limited 0844 884 6498
Tricia Killen, Chief Executive
Graham Norton, Finance Director

Smithfield Consultants 020 7360 4900
John Kiely
George Hudson


Notes to edit-------


--------------------

CR

[clocktower] 27/6/2008 10:11

Grim picture here - just as well waiting until the direction changes or will there be a bid and we could see the business split up and bits sold off imo.

[topvest] 26/6/2008 22:03

Blimey,this is hitting the floor!

[made1686] 11/6/2008 23:37

up we are on a roll here

[made1686] 10/6/2008 22:33

well tom got it wrong would not be the first time share holder s waiting for the divy cut hope its not too deep

[made1686] 10/6/2008 22:33

well tom got it wrong would not be the first time share holder s waiting for the divy cut hope its not too deep

[clocktower] 10/6/2008 20:32

made1686 - re post 299,

There is no VAT in Jersey CI but there is GST set @ 3% as of 06.05.08.

[made1686] 06/6/2008 22:18

i like to know if its a buyn or sell that rsn

[call-logger] 05/6/2008 00:01

Views anyone?

[made1686] 04/6/2008 23:25

but thay have vat in jersey not gst thats in new zealand mate and by 2010 they have o% vat tax but i bought more and you are right i think it the beat time to buy pity i thought that at 114p as well

[clocktower] 04/6/2008 12:01

made1686, Ref your post 294

Look at the date I said about GST and look at the share price on the 19.05.08 - the price now makes this better value bearing in mind all factors including zero 10.



clocktower - 19 May'08 - 12:51 - 280 of 297 edit


Not the best of times for Flying brands with the introduction of GST in Jersey - although most goods are exported their must be extra costs associated with this tax.

[made1686] 04/6/2008 00:36

the lip stick effect will help fbdu a lot buying plants for the house you have to stay in and a steel bucket for the garden or feel ing down so why not bvy a lift in a bird feeder or flowers for the wife AND a box off sweetes for wife and kids