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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Footasylum Plc | FOOT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 81.50 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 81.50 | 81.50 |
| Top Posts |
|---|
Posted at 18/3/2019 15:08 by hootza616 I put my profits from Foot into Quiz last week. |
Posted at 18/3/2019 13:12 by ihavenoclue Gotta love the stock market :)gripfit15 Mar '19 - 19:50 - 2132 of 2157 0 2 0 Poor week for foot ,, hopefully JD start buying again next week |
Posted at 18/3/2019 07:57 by spob JD have manipulated the market for FOOT shares imhoThey previously said they did not intend to make an offer which depressed the share price the FOOT share price would have settled much higher had they not made that statement they should not be allowed to make an offer within 6 months imho many would have bought shares in FOOT, including myself, had they not put out that statement no doubt many others sold their FOOT shares on the back of that statement too not good |
Posted at 20/2/2019 08:26 by spob So JD have spent £12.39m for 18.74% of FOOTAv price paid = 63.28p This does not seem the best way to go about things to me. They could just sit back. Wait for FOOT to screw up. And then buy the whole lot from the administrators for less than what they have paid already :) |
Posted at 17/2/2019 23:42 by 97peter Hi Nitbhav06 - Good question and recommendation to make to Footasylum direct via e-mail. I think there is definite 'legs' on having Foot stores in Holland and Spain /France/Germany in many of their chosen retail parks as they don't have JD Sports or other competition!!!!Great idea and hopefully no more shops in UK until we consolidate and get the turnover up in UK and share price back to the heights of 80-909p. |
Posted at 05/1/2019 12:27 by footloose2 TONY500Well they are giving plenty of notice that its a Friday. Bad news comes out on a friday late when its trying to hide something. Any way i don't know why they do it. Bad news is always punished sooner or later. Could be they want the four days before news to build up the tension and the share price Then drop the good news on Friday morning. Then it gives the weekend for the papers to feed the info out to its readers. I think the update will be positive, not great but fair. I also think it won't be long before one of the gig two take us out. Foot will be hitting there margins,They also have some great stores. They could close some of there own stores that are in competition with foot or the other way round. I only say this as the value of Foot is so low now it would make perfect sense at this moment. |
Posted at 03/1/2019 22:16 by mcmather 3 Jan 2019 - PEEL HUNT CUTS FOOTASYLUM PRICE TARGET TO 22 (80) PENCE - 'SELL'Of course, 26 March 2018: Peel Hunt is acting as joint Corporate Broker to JD Sports Fashion Plc on its US$558 million cash acquisition of The Finish Line, Inc as announced on 26th March, 2018; Google 'JD Sports / Peel Hunt' and PH have been recommending JD. since March 2018, including 17 Dec 2018 where they predicted a "doubling" in price; Their postings include this from 27 June 2018; "Peel Hunt feels that, in a world where brands are increasingly going for "direct to consumer" sales models, relationships with players like Nike and Adidas aren't just important, they are "life and death" and that while industry sales growth has remained solid, direct to consumer targets have meant that something has to give with retailers"; This is a route that FOOT are also going down; Disagree with their TP here and suspect it's nothing more than their being involved with JD Sports. I actually reckon both FOOT & JD. have their merits for a re-rate from these levels. |
Posted at 25/11/2018 15:05 by footloose2 The history of FOOT.Footasylum was founded in 2005 by David Makin, an established retail operator who was one of the two co-founders of JD Sports Plc. He was later joined by John Wardle, the other co-founder of JD Sports, who was CEO of Footasylum from 2008 until 2015 when he moved to the role of Executive Chairman. He was succeeded as CEO by Clare Nesbitt, who joined the Company in 2009 and was Deputy CEO from 2012 to 2015. The key milestones in the Company’s history are summarised below: FY07 First Footasylum store opened FY08 www.footasylum.com launched FY09 John Wardle, co-founder of the JD Sports chain with David Makin, joined as CEO Flagship Liverpool store opened FY10 Clare Nesbitt (neé Makin) joined the Company FY13 Clare Nesbitt appointed Deputy CEO FY14 Flagship Trafford Megastore opened, trading from 30 stores by year end FY15 Major improvements made in the Company’s infrastructure: Headquarters relocated to Sandbrook Park Distribution centre consolidated into a single unit Warehouse systems and processes upgraded FY16 Clare Nesbitt appointed CEO, with John Wardle moving to Executive Chairman Jack Spellacy promoted to Buying and Merchandising Director 10 new stores opened, trading from 44 stores by year end Junior apparel category launched FY17 12 new stores opened including new concept, 7 Liverpool (in Liverpool) Danielle Davies joined the Company as CFO Nursery apparel and online women’s apparel categories launched FY18 YTD Five new stores opened, taking the store estate to 61 as at 2 November 2017 Leeds store up sized to a flagship store, including the Company’s first standalone store-in-store showcasing women’s footwear, apparel and accessories Wholesale arm launched – own brand ‘Kings Will Dream’ distributed by retail partners, including ASOS |
Posted at 20/6/2018 10:45 by bulltradept IC View:For a company so new to market, a one-day, 48 per cent fall in the share price just isn’t what you want. But trainer specialist Footasylum (FOOT) – an offshoot of JD Sports (JD.) – suffered just this fate on the release of its 2018 annual numbers. Admittedly, these figures met market expectations, but projections for the coming year put some analysts on edge. Chief financial officer Danielle Davies confirmed that the contraction in the gross margin, down 90-basis points to 45 per cent, is likely to continue, especially as the business grows its wholesale and online operations. Shifting old stock is also a problem, so further discounting should be expected. The board has also changed tack when it comes to store openings and refurbishments. At the time of the IPO last November, bosses said they wanted to focus on new sites. While this remains the case, the group will carry out more “upsizes” However, the market’s concerns don’t stop there. While the board now claims this is simply an “investment phase” in the company’s history, broker Peel Hunt says this isn’t what investors “signed up for at float”. Analysts there are also concerned over longer-term issues, specifically the retailer's relationship with some of the key sports brands such as Nike and Adidas. Manufacturers are increasingly determined to go straight to the consumer, rather than sell products via multiple retail partners. As such, these relationships have been whittled down, and Peel Hunt suspects further cuts will be made. While groups such as JD Sports have a wide reach across global markets, effectively making their position with manufacturers more secure, Footasylum can’t yet boast the same footprint. In the shorter term, analysts at Peel Hunt have trimmed their forecasts for the coming year and now expect pre-tax profits of £5.3m (previously £7m) for the year ending February 2019, giving EPS of 4p (previously 5.3p), compared with £8.4m and 6.2p in FY2018. FOOTASYLUM (FOOT) ORD PRICE: 89p MARKET VALUE: £93m TOUCH: 88-90p 12-MONTH HIGH: 269p LOW: 88p DIVIDEND YIELD: nil PE RATIO: na NET ASSET VALUE: 40p NET CASH: £11.4m Year to 24 Feb Turnover (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p) 2015* 78.0 0.4 na na 2016* 110 3.6 na na 2017 147 8.1 8.0 nil 2018 195 1.9 0.2 nil % change +33 -76 -98 - Ex-div: na Payment: na IC View Pulling the rug from under your investors so soon into life on the public market means months – perhaps years – of rebuilding trust. For our money, we can’t see any reason to shell out 22 times forward earnings for a company whose direct competitor has a far better track record, and offers up shares for 15 times forward earnings. Sell. Last IC View: None |
Posted at 02/6/2018 16:36 by montynj Summary of trading update for the 44 weeks ending Dec '17 given in January this year:Footasylum has said that sales for the 18 weeks to 30 December were £89.8m, up 33% compared to the prior year. That brings sales for the first 44 weeks up to £173m, a 34.7% increase with growth in all three sales channels (stores, e-commerce and wholesale) although e-commerce accounted for a higher proportion than in the comparable period last year. Six new stores were opened to take the total to 65.So since the full year results, due to be announced in a few weeks, would be only an additional 8 weeks of data I believe it's a no brainer that they will be good. Foot Locker's recent results is a clear bullish sign.Online sales growth is likely to outpace the growth of bricks and mortar stores over the next five years and become an increasingly more important channel. Currently e-commerce revenues represent 29% of Footasylum's sales - this is materially ahead of most lifestyle brands and retailers, which are c.13.8% according to Verdict and is explained by the focus on the youth fashion market and the relatively high online activity of 16-24 year olds.Advertising includes digital tools such as PayPerClick (PPC) social media engagement and fashion vloggers as well as advertising at high profile football and boxing matches. This has been one of the main drivers of new customer acquisition and also significantly boosts brand awareness.The website carries the entire product range as well as online exclusives and promotions and allows the company to test new products and brands ahead of rolling them out across its store estate. Typically, however, online sales are more footwear oriented than in-store sales and as a result have a higher average order value but lower gross margins. It offers free delivery above a £50 threshold and a click and collect option is available free of charge from all stores. Website improvements this year will be concentrated on delivering foreign language sites and more currency options.Gross margins last year went up 2% to 45.9% despite higher e-commerce revenue in the mix (which has a high mix of lower margin footwear sales) and inflation on costs of footwear and clothing. Footasylum's EBITDA margin of 7.6% in 2017 was up from 5.5% as economies of scale kicked in. Having invested heavily in systems, people and infrastructure ahead of growth, central costs will see a step change this year but Footasylum now has an operationally geared platform that can be leveraged as volumes grow. No reason why margins can't push towards JD Sports' 10%. Including broker Liberum's "bull case" forecasts (10 new sites and 40% ecommerce growth) one gets a profit before tax of £9.9m this year, followed by £12.5m and £17mHence, in my opinion, the shares are a strong buu |
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