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Share Name | Share Symbol | Market | Stock Type |
---|---|---|---|
Likewise Group Plc | LIKE | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
---|---|---|---|---|
19.80 | 19.80 | 19.80 | 19.80 |
Industry Sector |
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HOUSEHOLD GOODS & HOME CONSTRUCTION |
Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
---|---|---|---|---|---|---|
30/09/2024 | Interim | GBP | 0.00125 | 10/10/2024 | 11/10/2024 | 15/11/2024 |
20/05/2024 | Final | GBP | 0.0025 | 30/05/2024 | 31/05/2024 | 05/07/2024 |
29/09/2023 | Interim | GBP | 0.001 | 12/10/2023 | 13/10/2023 | 17/11/2023 |
16/05/2023 | Final | GBP | 0.002 | 01/06/2023 | 02/06/2023 | 07/07/2023 |
25/05/2022 | Interim | GBP | 0.002 | 01/06/2022 | 06/06/2022 | 08/07/2022 |
Top Posts |
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Posted at 08/1/2025 12:06 by sphere25 Updates from LIKE and VCP today.Both appear to be chugging along, except VCP carries less credibility in hitting forecasts as they have form in missing targets and not generating free cash flow. Credible commentators can't work out if there is any value in the equity and label it HIGH RISK. It continues to be a cracking good trading share though. But that 10 year yield is spiking in a horrible way. I am sure the market is honing in on that. That must not continue or it will be profit warning central in this sector (and then companies with big debt will get annihilated) and there will be an even bigger sell off in the UK on top of the gloom already out there. All imo DYOR |
Posted at 18/12/2024 12:01 by philly cheesesteak Been looking into this one after it was flagged by Lawrence Hulse on VOX Markets a couple of weeks ago;Based on the update on 6th December it looks primed to beat full year revenue expectations, as it did last year(total sales to end November up 7.5% vs full year forecasts for 5.3%). Some simple maths says that even if December sales are flat year on year, which appears unlikely given October + November were 11% ahead, then full year would come in at 6.9% ahead (7.5*11 = 82.5, 82.5 / 12 = 6.875). This would put full year sales at £149m vs £146.5m forecast. Should sales retain the 11% growth trend then full year revenue would be 7.8% ahead and top £150m. Other positives I like 1. Significant freehold property on the balance sheet - over £10m 2. Recent buying from US based Still Lake Value Partners - they will have done substantial DD 3. Strong share price seasonality - shares jumped from 16p to 20p in Jan 23 and topped out at 27p in March 23. Shares then ran from 17p in Nov 23 to 24p in Jan 24. 4. Increased revenue results in operational gearing Based on the high probability of a revenue beat, I think we should get back over 20p if they do go ahead and beat. No investment advice / DYOR of course. |
Posted at 09/12/2024 11:22 by sphere25 No problem reval. Hardly anyone on these boards nowadays - feels like a completely different time. In the past you'd have got alot of replies already.Ties in with what gswredland is saying too. Alot of the time nowadays it just feels very gloomy on most of AIM. I am sure many beyond AIM aren't feeling overly joyful either. There was a headline at the weekend by a shareholder in LTG (just agreed a takeover offer) describing UK markets as being diseased. Not heard that one before! They don't want to be named, but they're using very grim words to describe the state of play here, with companies almost having to agree to takeover offers to escape the gloomy UK public markets. Clearly those takeover offers mean there is value here too. That video above from Schroders shows how cheap we are, but as for LIKE, I just sit and watch now. It is just a waiting game to see how trading evolves and whether big buyers do step in to back the story here. You do naturally wonder why funds would get stuck into illiquid AIM shares, but we have to persevere too. They say value does eventually out. It should be obvious with something with such low daily activity when someone does buy big here. Usually sticks out like a sore thumb. So let's wait and see. All imo DYOR |
Posted at 06/12/2024 15:00 by sphere25 We all know all trades are an exchange between buyers and sellers reval, but the news, chart and the way the trades hit the book can provide more insight. This one is just like alot of AIM shares.They are just beaten up from previous higher valuations, and not doing alot overall, with a heavy overhang of large sellers (continued fund outflows so some forced redemptions, some stale bulls, maybe still some IHT selling post the Budget and others maybe just fed up with AIM) not allowing any sustained momentum higher. You get little trading spikes higher and then the big sellers come in and nullify any bullish optimism. Those big blocks that hit at 15p on the 25th October are clearly a tell as to the gravity of the overhang of sellers. On the day, we see big prints and it is easy to sit and wonder what the hell is going on??!!? Essentially, it just looks like someone stepped in to buy in size from the large available supply of shares, but not big enough to clear the sellers to cause the type of demand imbalance that can result in a re-rating. Clearly we found out afterwards it was a US fund (there is more commentary recently about US funds increasing exposure away from the barmy party over there to our moratorium, okay there are some good things happening here too like takeovers) buying here, but the sellers still rule the roost. I'm here because I was sat watching those blocks of 250k, 750k etc hit yesterday and wondering if any whoppers could hit to clear sellers to allow at least a ping higher. There was no follow through, only a positive (or expected) update today. So now I'm sat watching to see if anyone steps in big to clear sellers again. This post is long already, but there is an interesting video here: Scroll to 25:30 and it actually shows data about floor covering's doing rather well. There is alot of useful information in that video. Turns out Schroders bought Curry's because of that move in Computers and Telecoms. Back to LIKE. Listening to Laurence Hulse at Onward. Reasons they are buying here: - Backing Tony Brewer (From the likewise website "47 years’ experience within flooring, gaining extensive industry knowledge and supplier relationships") - Take market share with VCP and HEAD struggling - Believing that Tony Brewer can get to £200m in sales @ 6% margin to get to EBIT at £12m - Eight times multiple to get close to £100m market cap so a doubling of the share price from today I don't know how that all plays out and how close they get to those big targets. If I see some whoppers hit at some point in the future, I will have a go. It really needs more funds to get behind the story and buy in to try and clear those big sellers. Better stop there, but yeah, there is enough food for thought regardless of whether folk are short term, long term or even just fed up with AIM. Something for everyone! All imo DYOR |
Posted at 21/5/2024 12:17 by my retirement fund I'm not following your logic. Also, I suspect some of those expenses have been dressed up to look like exceptionals but will prove to be reaccuring unless they can think of new ways of hiding them. |
Posted at 15/5/2024 15:40 by eigthwonder Except Jet2 were genuinely better than Thomas Cook for the customer (service levels) and as a business model (tighter capital base much less in terms of forward commitments etc). HEAD is carrying too big an asset base for the new environment but I am not convinced that LIKE are going to turn the industry upside down as far as their customers are concerned. |
Posted at 15/5/2024 15:32 by s34icknote Reminds me of jet2 and Thomas cook Like vs headlam Where do Victoria fit amongst them ? |
Posted at 15/5/2024 00:28 by s34icknote Is like taking market share from Vcp and head ? |
Posted at 14/5/2024 10:31 by eigthwonder HEAD warning looks like they totted up the numbers to end April and realised they were so far short that it warranted a statement before the AGM in a couple of weeks time.On another point.....so HEAD gets its numbers out in the first week of March and AGM in late May, but LIKE - the self-styled modern incarnation - doesn't release its numbers to the same period end of 31 December until the second half of May...? Why the delay? |
Posted at 10/11/2023 16:35 by velocytongo I agree with the comments about Headlam and these trade counters. Headlam did allude to financial stress amongst competitors at the most recent update and they may have been referring to LIKEFD left (although still listed as working there on Linkedin) and that was slipped into the interims (and normally there is a separate announcement); the more pressing issue is the £4.2m in cash that is due Jan 2024 and £0.4m due April 2024. As part of the Valley Wholesale Carpets acquisition "The Company will also issue the Consideration Shares, being 5.0 million Ordinary Shares, to the Valley Wholesale Carpets Vendors. The Consideration Shares are underpinned by a £5.0 million valuation on the second anniversary (Jan 2024)of Acquisition Completion, such that, should the Consideration Shares be valued at less than £5.0 million on that date, the Company will pay the Valley Wholesale Carpets Vendors the difference in cash." So, 5,000,000 shares are due to come onto the market in two months' time, and, assuming a share price of 16.4p, LIKE will have to pay out £4.18m in cash. I'm not sure the company envisaged this when it did the deal. Likewise, excuse the pun, 500,000 shares are due on the market for the Delta acquisition with a v similar arrangement to the Valley deal. "500,000 new £0.01 shares in Likewise Group Plc valued at £187,500 at the date of acquisition which includes a guaranteed cash payment of the difference between £1 per share and the share price on 1 April 2024. At current prices, the company will have to pay out a further £418k in April 2024." This is going to make the going concern discussion with auditors interesting given c £28m in loans and leases. The share-related payments, totaling £4.6m between Jan and April, are going to use up the existing cash/liquidity of £4.5m. The company will need a v strong Xmas trading period. |
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