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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 |
| Top Posts |
|---|
Posted at 19/2/2019 23:30 by hootza616 So just to be clear just under 20m shares, over 18% of the company sold by previous investor FIL directly to JD Sport?No price is specified.You have to ask who got the best deal here, I suggest FIL is the professional investor, effectively shorting the stock by selling.I am sure JD will want to pick up the next 10% at a lower price. |
Posted at 06/12/2018 18:07 by firw00d Not been on fst all day john09 in return for your absence here,We’ve all had a better day and given our fellow investors a break. Let’s keep it up eh. |
Posted at 06/12/2018 07:42 by footloose2 I can can confirm that joe90 shorted this at the time of the IPO.It rose and he lost a fortune. He then went long on FST and his pain has continued. That is why he hates Foot, he will not blame himself,and now is pot less almost. Its a shame he feels the need to want to drag every investor down with him. This is all i see now. john095 Dec '18 - 23:15 - 1578 of 1584 (Filtered) 0 0 0 john095 Dec '18 - 23:16 - 1579 of 1584 (Filtered) 0 0 0 john095 Dec '18 - 23:16 - 1580 of 1584 (Filtered) 0 0 0 john095 Dec '18 - 23:33 - 1584 of 1584 (Filtered) I mean why would anyone want to read the rantings of a bitter loser I mean look at the time stamp on those posts. The poor man can't sleep thinking about his losses. |
Posted at 19/11/2018 11:32 by footloose2 So our new investors are still buying like i thought.Follow the money. |
Posted at 16/11/2018 16:40 by footloose2 Hootzyou normally find they are ex holders that sold at a loss and are now just wishing and hoping they did the right thing selling. But they will never admit that as it would mean they called it wrong. The funny thing is if you have been investing in AIM for any length of time you have a good chance of have done the same thing. John seems to wish ill on his fellow investors. Sad really but it happens on every stock in AIM. |
Posted at 06/9/2018 05:50 by optrade Footasylum (FOOT) a damning note from analysts at Peel Hunt who recommended investors start dumping stock. … |
Posted at 05/9/2018 11:29 by still waiting very easy to see, avoid..Wrong store sizes Perhaps the biggest issue investors have had with Footasylum’s latest announcement is the “unforeseen delays” in new store openings and upsizes of existing stores. When it floated, Footasylum was promising rapid growth, fuelled by the opening of between eight and ten new stores every year for the next few years, plus a string of upsized stores. Analysts reckon the current stores are too small and that the company has pulled the plug on new ones because they would have been similar in size. The five outlets that were due to open any time now have been pushed back until December, while the number has been cut to four next year. Unsurprisingly then, sales expectations, which had been based on an aggressive expansion plan, have had to be slashed |
Posted at 05/9/2018 11:23 by john09 Proactive investors article just out and is a useful summary |
Posted at 04/9/2018 18:49 by wetdream Investors seek asylum and hotfoot it to exitThe Times4 September 2018 Footasylum has shocked investors with its second profit warning in only three months, sending shares in the shoes retailer tumbling to only a quarter of their value when they were listed less than a year ago (Emily Gosden writes). The chain set up by David Makin, the JD Sports co-founder, blamed weak consumer sentiment and delays opening new stores as it said that annual earnings were likely to be half those of last year. Its house broker forecast that it would make a pre-tax loss for the year, months after the company’s chief executive had been quoted as saying that it would “absolutely not” end the year in the red. Footasylum employs about 2,270 people and has 66 stores in Britain, targeting the 16-to-24 age group with “athleisure The shares, which were floated at 164p, closed down 51 per cent at 41p last night. Nick Bubb, a retail analyst, said that the update confirmed “fears that investors were sold a pup when the company launched its IPO last November”. Footasylum’s chief executive and biggest shareholder is Clare Nesbitt, Mr Makin’s daughter, who at 30 was the youngest boss of a listed company when Footasylum went public. Ms Nesbitt, now on maternity leave, sold shares worth £1.8 million at the time of the IPO but has seen the value of her remaining 21 per cent shareholding collapse by about £26 million as of last night. John Wardle, who co-founded JD Sports with Mr Makin, was also involved in Footasylum as chief executive between 2008 and 2015 and executive chairman until June. He sold his entire direct shareholding for an estimated £8 million at the time of the flotation. GCA Altium was the financial adviser to the IPO, while Liberum Capital was the broker and Powerscourt was the PR adviser. Footasylum said yesterday that profits for the year to February 2019 would be “significantly lower than previous guidance”, blaming weak consumer sentiment and deep discounting in clearance sales. It said that it saw “no sign of a recovery in the short term on the high street”. Six new stores and a programme of existing store expansion had been expected between September and October, but now would not be complete until December, thus missing much of the key pre-Christmas trading period. Having warned in June that earnings before interest, tax, depreciation and amortisation would grow more modestly than expected, it said yesterday that in fact they would fall to less than half last year’s level. Liberum said that it now expected ebitda of £4.9 million, against £13.7 million a year earlier, and it forecast a pre-tax loss of £1.9 million. When Footasylum announced its intention to float, Ms Nesbitt said that it prided itself on being “a dynamic, adaptive and fast-moving business” and had an “exciting product-led, multichannel expansion strategy”. At the time of the first profit warning in June, the Evening Standard newspaper in London reported that Ms Nesbitt had said that it would not make a loss this year. Mr Wardle stood down from the board when Barry Bown, the former chief executive of JD Sports, joined as executive chairman at the start of June. |
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 |
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