Flying Brand Share Discussion Threads

[clocktower] 05/2/2014 09:49

Yes I see that FT2.I guess once approved a sale will take place.How long do you think - 6-8 weeks or longer?

hxxps://www.mygov.je//Planning/Pages/PlanningApplicationDetail.aspx?s=1&r=P/2014/0190

[topvest] 04/2/2014 20:30

My Corgi van is still on my study window sill. A reminder of happier times at Flying Flowers!

[interceptor2] 04/2/2014 19:41

Flying Flowers Retreat Farm corgi van, I had one also, wonder happened to it. Shame to see the company down here, they were a good performer for me along time ago. Have always used their flower service with no issues.

ic2...

[father ted2] 04/2/2014 17:47

I see that they have re-submitted the planning application for retreat farm.

ft

[topvest] 27/12/2013 20:51

A sad end for Flying Flowers - long since sold my shares in this, but still have a proud Flying Flowers Retreat Farm corgi van received as a Christmas present to shareholders in the mid-1990s. I still use Flying Flowers and Gardening Direct as well. Never disappointed.

[clocktower] 14/11/2013 17:02

Another good day for the share price on little volume.

[clocktower] 13/11/2013 17:08

Nice jump today, the cat is out the bag it seems, maybe there has been settlement of some of the outstanding legal issues?

[clocktower] 12/11/2013 16:52

I guess the planning has been granted by now so one may expect a RNS before very long I assume.

[clocktower] 08/10/2013 14:18

Planning approval sought for part of the site it seems.

www.mygov.je//Planning/Pages/PlanningApplicationDetail.aspx?s=1&r=P/2013/1372

[chrisdgb] 12/9/2013 08:17

Tricky one, but on my radar screen, 6p...?????

[clocktower] 22/8/2013 15:35

Seems to be taking them time to deliver any news!

[clocktower] 01/8/2013 13:34

I have been looking at what the share price is likely to reach should a RNS be issued to the effect that they have sold the property for even 10% less than its book value but because of the possible legal disputes the company have disclosed,I find it is a little like trying to hold a handfull of sand in your hand without seeing grains slip through your fingers.

Would anyone else have a view?

[clocktower] 01/8/2013 13:05

hxxp://www.thisisguernsey.com/latest/2011/05/18/new-owner-of-oatlands-has-some-big-plans/

Could this company be about to make another investment in Jersey?

[spob] 26/4/2013 08:47

" if Sir Tom was to table a cash bid in the region of £50m, or £2 a share, everything in the garden would be rosy. "


Ha Ha Ha - Geoff Foster is a clown

[spob] 26/4/2013 08:42

remember this ....


Yesterday's trading: Flying Brands is Hunter's prey
Geoff Foster, Daily Mail
8 August 2008, 7:47am

Green fingered Scottish entrepreneur Sir Tom Hunter is going shopping in Jersey. Via West Coast Capital, his private equity vehicle, he has made a takeover approach for Flying Brands sending shares of the gardening and flowers group up 17½p to 71½p.

He sits on 29.9% of the St Lawrence-based company so is starting negotiations from a position of strength.
Hunter already owns Dobbies Garden Centres, Wyevale Garden Centres and the Blooms of Bressingham chain. Flying Brands is an obvious bolt-on with Hunter obviously wanting to get his hands on its Gardening Direct online business.

The shares are down 50%, the profits are poor and there was no dividend, so things aren't that good for the company. However it is sitting on £6m of freehold property and has net debt of only £2m. The year's share price high was 251¼p and word is if Sir Tom was to table a cash bid in the region of £50m, or £2 a share, everything in the garden would be rosy.

[spob] 26/4/2013 08:12

Auditors report

Emphasis of matter - Going concern

In forming our opinion on the financial statements, which is not modified, we have considered the adequacy of the disclosure made in note 1.1 to the financial statements concerning the Group's ability to continue as a going concern. The Group made a profit for the period of £0.1m during the 52 weeks ended 28 December 2012 and, at that date, the Group had net current liabilities of £0.2m. The Group is currently involved in two litigation cases which currently have an undetermined value. These conditions, along with the other matters explained in note 1.1 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the Group's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the Group was unable to continue as a going concern.

[spob] 26/4/2013 08:05

The Group may also be able to realise assets to ensure that it had sufficient working capital to meet its liabilities as they fall due, however there is no certainty that disposals could be achieved in the necessary timeframes. Therefore for the reasons outlined above there is a material uncertainty in relation to going concern.

[napoleon 14th] 25/1/2013 16:51

Cor!
Summat has actually happened...

Not dead yet

[napoleon 14th] 23/11/2012 00:12

Progress; survival, but only as a shell company imo.

[clocktower] 14/11/2012 16:51

News of a deal could soon be on the cards maybe so to enable new life to spring into the entity.

[clocktower] 31/7/2012 15:31

Flying Flowers close in Jersey - 16 jobs lost in Jersey.



If it is all sold and debts are paid, allowing for any losses, I doubt that will leave more than £1m (if that) in the kitty.

Time they posted a RNS and set out the true situation imo.

[clocktower] 09/7/2012 09:15

They seem to have got top dollar for this part of the remaining business. Bearing in mind the value of the property the shares still look undervalued.

If they show a return of 7% by leasing the property that should produce around £230k pa. In turn I guess they will sell it and return funds to stakeholders and close the company imo.

[clocktower] 31/3/2012 10:41

So that just seems to leave the property and business operated in Jersey. One would have expected more information as to the current remaining assests and business imo.

[clocktower] 05/3/2012 12:16

The Garden Direct business plus the Bird Seed and they still have some property, unless I am mistaken, as it did not appear that all the property assests were sold.