International Distributi... Share Discussion Threads

[cockneyrebel] 23/9/2010 16:00

agree

CR

[bigbigdave] 23/9/2010 15:42

Good things come to those who wait 8-)

[choppa] 23/9/2010 11:21

Long term £2 still my price target.

[bigbigdave] 21/9/2010 09:13

Hmmmm... indeed nurdin 8-(

[nurdin] 21/9/2010 09:12

Hmmm...spoke too soon there Dave ..:o)

[bigbigdave] 21/9/2010 08:16

Aha! tick up just when you least expect it 8-)

[cockneyrebel] 16/9/2010 21:48

Here we go (Westcoast Rich, Gumarabic, GYAU Lowry) - my deramping multi-handled troll is here now posting carp heve as IDS (Who are not a retailer!) have just said how much their sales are up in recent weeks.

TV/Internet sales are soaring for IDS especially internet as they haven't even had much of an internet presence.

Read this again:

"Oriel - 15/9/10:

Today's results reveal yet another range busting result. We are upgrading our numbers by a further 10% leaving the shares trading well below the sector and market on a forward PE of 8.6x for FY2011. Yet there is a genuine growth story here that the market is giving the company little credit for. On our numbers, which we believe to be highly conservative, we forecast earnings to grow 26% p.a. over the next 2 years. Growth in the top line, to our mind will be underpinned by growing internet sales, market share gains in the Craft category and growth into new niche categories. Tight control of the cost base and further gross margin gains should mean that management's target to restore operating margins back to historic levels of 7-8% should be achievable given the operational gearing within the business. Ideal Shopping remains an unappreciated stock. Sooner rather than later a rerating will occur. BUY"

CR

[dnfa1975] 16/9/2010 21:02

UK retail sales in surprise fall in August

The fall in retail sales came as firms warned that high street spending could be hit further
UK retail sales suffered a surprise fall in August, the first drop since January, the Office for National Statistics (ONS) said.

[dnfa1975] 16/9/2010 21:02

UK retail sales in surprise fall in August

The fall in retail sales came as firms warned that high street spending could be hit further
UK retail sales suffered a surprise fall in August, the first drop since January, the Office for National Statistics (ONS) said.

[neg] 16/9/2010 20:07

I agree, bought yesterday after the results, and will probably top up over the next week or so. The business has high operational gearing, which means additional sales flow more or less down to the bottom line. Rate the management as well, they have got a good handle on it and have plenty of good ideas on how to drive the business forward.

[cockneyrebel] 16/9/2010 19:57

Yep, sorry, you're right, it's gross cash. Sorry, a bit carried away with FCCN results out too where they have a big net cash balance.

Nevertheless it's still a cheap stock as Oriel point out and a PEG of such a low magnitude it hardly seems possible these are so cheap imo.

'sooner rather than later a re-rating will occur' as they say and I'm sure it will either via the market grasping it, funds driving the price up or the strategic review coming up with a buyer or some other way to force the market to wake up imo.

Cr

[simon gordon] 16/9/2010 19:29

Oriel - 15/9/10:

Today's results reveal yet another range busting result. We are upgrading our numbers by a further 10% leaving the shares trading well below the sector and market on a forward PE of 8.6x for FY2011. Yet there is a genuine growth story here that the market is giving the company little credit for. On our numbers, which we believe to be highly conservative, we forecast earnings to grow 26% p.a. over the next 2 years. Growth in the top line, to our mind will be underpinned by growing internet sales, market share gains in the Craft category and growth into new niche categories. Tight control of the cost base and further gross margin gains should mean that management's target to restore operating margins back to historic levels of 7-8% should be achievable given the operational gearing within the business. Ideal Shopping remains an unappreciated stock. Sooner rather than later a rerating will occur. BUY.

[cockneyrebel] 15/9/2010 09:39

LONDON (Dow Jones)--U.K. home shopping channel retailer Ideal Shopping Direct PLC (IDS.LN) Wednesday said it is considering further acquisitions to take it in to new product categories like cake decorating and pottery.
"We believe there's a number of other craft strands that are appropriate to our business. We're very much demonstration-led, in a [U.K. children's show] Blue Peter-style way, and we think there's opportunities to introduce new categories like cake decorating, knitting, needlecraft and pottery," Chief Executive Mike Hancox told Dow Jones Newswires.
In March Hancox said the company was keen to tap in to the pet care market. In the summer it launched Animal Bargains Ltd, a business selling items like pet food, clothing and accessories.
"We're testing the new categories in the second half of the year. As we're still to complete our strategic review I can't say anything too specific, but as part of the strategic review we've said we will look at all options... which includes acquisitions," Hancox said.

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Well £14m of cash to buy stuff with so any profitable business they buy will be earnings enhancing if they do buy.

CR

[cockneyrebel] 15/9/2010 08:45

I still don't think most get it tho Nurdin! :-)

I'll spell it out a bit clearer :-)

These lost 4p eps in H1 last year, they did 7p eps for the year - that means they did 11p eps last year in H2 on an untaxed basis. Had H2 been taxed at say 30% then they'd have done 7.7p eps in H2 last year.

So 6p eps in H1 and a flat H2 would be 13.7p eps for the year this year.

But H2 is up 10% and margins have risen so they should do way more than 7,7p eps for H2 - more like 11p+ imo and 17p+ for the year.


Of course the uninitiated will think that this must be missing something because forecasts are way lower but that's how it's been for the past 18 months and they keep coing out with 'ahead' or 'significantly ahead ' trading statements.

£14m net cash too.

Wait for the trading statement imo.

CR

[nurdin] 15/9/2010 07:11

Yes I agree CR..cracking results and as you say more than likely to beat full year estimates.cheers

[cockneyrebel] 15/9/2010 07:08

just do the math, go back and look at how H2 is weighted, read what they say and ask how they can fail to smash forecasts.

Once they are a month or two down the line you'll get the big t/s imo and if you're not holding then you're out of it imo.

CR

[cockneyrebel] 15/9/2010 06:38

fantastic results imo and I'm not using that word lightly.

5.9p eps in H1 and they were taxed this year compared to last year when they weren't.

H2 is heavily weighted - they do near double in H2 than H1. They are simply miles ahead of forecasts!

£14m net cash, paying a divi and looking at ways to enhance shareholder value including selling the co.

6p eps in H1 has to mean 12p eps in H2 at least imo and 18p+ for the year.

Just doubling H1 eps would beat forecasts!

My bet is 18p+ eps this year, 24p eps+ for the year ahead (and a strategic review as a bunce!)

Oh, and a divi for the year of 4p+ too imo.

CR

[santangello] 15/9/2010 06:38

phew lol.........

Agree.....a day to add early doors.

[simon gordon] 15/9/2010 06:20

Strategic Review

On 12 July 2010 the Company announced that it intended to undertake a review of its strategic options. We have since appointed Rothschild as advisors and they began their work at the end of August. We are at an early stage but as already stated, the review will include considering a sale of the business alongside other options to create value for shareholders. The Board will update shareholders should a further announcement become appropriate.

Dividend

As a mark of its confidence in the future, the Board is pleased to declare an interim dividend of 1.50p per share (2009: nil).

Current Trading

Trading in the first 8 weeks of the second half year to 29 August 2010 is in line with management expectations, increasing by 10.3%. This brings sales growth in the first 34 weeks of the year to 17.1%. The core Ideal Shopping business grew by 6.9% and 10.2% for the 8 and 34 weeks respectively whilst LTGL sales grew by 23.5% and 58.7% for the 8 and 34 weeks respectively. We maintained a strong cash position of GBP13.0 million at 29 August 2010. Many other retailers remain cautious about consumer confidence, but we are optimistic that we can continue to grow sales with our unique multi channel business model.

[dnfa1975] 15/9/2010 06:17

looks like big move day up today

[bigbigdave] 15/9/2010 06:17

Worrying my @rse 8-)

[santangello] 14/9/2010 20:47

Not impressed here with pre results activity/interest...

I hope I haven't called tomorrow wrong ?????

Was almost tempted to sell today, but didn't.

Worrying....

[simon gordon] 14/9/2010 15:28

Couple of tubs of lard selling a Vibrapower on the channel right now :-)