Flying Brand Share Discussion Threads

[interceptor2] 19/10/2009 08:39

Gardening Direct division showing 30% increase in sales for the quarter, after recruiting another 22,000 new customers which = 74,000 this year against 46.000 for 2008. They seem very pleased with the advertising campaigns also.

Flying Flower sales were down to £1.38m (£1.58m), but company state that last years sales were achieved at unacceptably low margins, and they expect to see benefits in last quarter.

Management have the Gardening Division performing extremely well, and there is no reason why the Flower Division will not be any different.

[cockneyrebel] 19/10/2009 07:36

Good statement.

As they said at the interims, H2 depends on Gardening's performace in the autumn. Gardening is 60% of the business - up 15% lfl.

Flowers down a bit but margins up and now re-launched.

CD's and collectables (a small part) off a bit but greater earnings from collectables after the revised agreement recently.

All in all it's the gardening that really matters and thats going great by the sound of it.

CR

[cockneyrebel] 16/10/2009 21:46

err, no. The debt is lower so interest charge falls and increases eps - which offsets the dilution.

the shares are issued once, the interest is saved year after year.

CR

[dnfa1975] 16/10/2009 19:39

2 sides to every story

there are more shares in issue now so eps will be held back surely?

[cockneyrebel] 15/10/2009 20:17

Agree with Shanks - renewing their loan facilities may well have involved a 'bend over a take it up the jacksy' arrangement fee. Most of these arrangement fees banks are charging amount to one years interest on the loan - it's chuffin robbery.

I agree it would have been nice if we'd all had a look in @ 75p but lets face it, if we wanted the shares that badly we could have bought them at 75p in the market a few weeks ago (and I did and below that too :-))

Doing an open offer would have had far greater costs than doing the placing so there is that benefit for the company.

Having done a placing at 75p is it likely that they weould now have a trading statement that was poor? I would have thought those in the placing become insiders and would want to know the co isn't going to issue a poor trading statement and see the shareprice get hit. I'd want any bad news in the open before taking part myself. On the other hand I'd be pleased to take up a placing at 75p if I though ther was likely to be good news in the offing. Anyway, that's an optimists view of it but overall it's a positive if it's going to get rid of most of the debt. Looking at the interims I reckon the interest saved will add around 10-15% to the post tax profit through having debt nearly wiped out.

CR

[cfro] 15/10/2009 19:54

These should be well financed now and management can now concentrate on growing the business.

Shares should move up rapidly in due course.

[interceptor2] 15/10/2009 13:59

Good move to raise 1.76m and pay off most debts, just a shame we couldn´t join in as per normal. share price should now have good support at 75p imo.

[shanklin] 15/10/2009 08:46

If the loan(s) had to be renewed, there would probably have been a take-the-p1ss arrangement fee that would have made the effective interest rate much higher.

If this is the background to the placing then the only downside is not having been offered shares at 75p in the placing.

[aim11] 15/10/2009 08:10

bank loans appear to have an interest rate of nearly 6.7% so proceeds used to repay most of this remaining expensive debt by sounds of things. leaves biz with almost no debt, placing has been taken up by 4 institutions.

[cockneyrebel] 15/10/2009 07:48

That's why FBDU now offer courier dnfa (or GYAU) as your other handle is known - one of them anyway)

Placing today looks like a way of not being bent over a barrel by the banks imo - good for them, banks have been milking businesses recently.

CR

[dnfa1975] 15/10/2009 00:26

Post office resurrected in garage


Applecross in Wester Ross also lost its post bus service this year
A village's post office has been reopened in a converted garage.
The service in Applecross in Wester Ross was closed following an audit by Post Office inspectors in February.
Villager Roger Cundiff will operate the office from his garage 12 hours a week. The arrangement is temporary until a longer term solution is found.
Applecross also lost its post bus service earlier this year. It was on one of five post bus routes in the Highlands withdrawn by Royal Mail.

[ducatiman] 14/10/2009 20:38

shorting time soon

[cockneyrebel] 12/10/2009 16:14

moving up on the bid, nice narrow spread now.

CR

[cockneyrebel] 12/10/2009 14:58

ticking up.

Agree about the flying flowers site Interceptor - more focus on couriered flowers too.

CR

[aim11] 09/10/2009 08:46

there is going to be an IMS statement within the next wk or so but not sure exactly when

[interceptor2] 09/10/2009 08:18

Worth checking the Flying Flowers website which has been revamped and looks much better. I did E Mail them to a few months ago saying the website looked a bit corporate, and they needed to look at the Bunches site. They probably had planed to revamp it anyway, but either way the changes are much improved.

[interceptor2] 09/10/2009 08:12

See below a E Mail I received today, which hidhlights the same day delivery and new products. I have only copied the text, the mail looks much more pretty which pictures of flowers etc.

In the 28 years we have been sending flowers, you have trusted us to send your smiles, your wishes, your thoughts and your hopes to those you care about the most.

Flowers say so much more than words, so we have been hard at work improving our service to you and improving the quality and range of our beautiful arrangements so that, whatever the occasion, you will find the perfect flowers and gifts to send.

We've extended our range of flowers and bouquets and we are now offering same day delivery as well as next day delivery.

All our flowers by post can now be upgraded to next day delivery. We also have launched a new range of extra gifts including chocolates, wine and Champagne.

There is more to choose from than ever before at www.flyingflowers.co.uk and we have also introduced a new reminder system which is easy to use and absolutely free.

Our flowers are fresh, long lasting and of superior quality which is why we are pleased to offer you a 100% satisfaction guarantee.

Send Them a Smile

Flying Flowers

[interceptor2] 09/10/2009 07:58

I wasn't expecting results until next March, or have I missed something.

[aim11] 08/10/2009 22:28

any one know when results are? must be next wk??

[staddles] 08/10/2009 19:18

Will pick up some more tommorrow if I get the chance before it ticks up again.

[cockneyrebel] 08/10/2009 10:44

ticking up - chart looks like it's making a new little trend here imo.

CR

[cockneyrebel] 05/10/2009 17:51

Good, let's hope a few more go and I can get even more this cheap.

CR

[staddles] 05/10/2009 15:55

Thay have probably been scared off with all the ramping

[cockneyrebel] 05/10/2009 15:09

A few more stale bulls out today

Looks gagging cheap even on those hideously low forecasts imo.

PE 9 for 50% growth? And if they meet what they ough to meet based on H1 they ar ebeing given away imo.

CR

[cockneyrebel] 03/10/2009 21:22

Make that fwd PE 10 actually, forgot the healthy rise on Friday took these to 90p. :-)

CR