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LIKE Likewise Group Plc

16.00
-0.50 (-3.03%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Likewise Group Plc LSE:LIKE London Ordinary Share GB00BHNWH003 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  -0.50 -3.03% 16.00 506,286 16:11:40
Bid Price Offer Price High Price Low Price Open Price
15.50 16.50 16.50 15.75 16.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Floor Layng,oth Floorwk, Nec 123.64M -836k -0.0034 -47.06 39.02M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:20:24 O 2,710 16.20 GBX

Likewise (LIKE) Latest News

Likewise (LIKE) Discussions and Chat

Likewise Forums and Chat

Date Time Title Posts
25/3/202411:55A new carpet distributor89
11/1/202216:35Youtube "Likes" and "Dislikes" and the removal of them-

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Likewise (LIKE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-26 15:20:2616.202,710439.02O
2024-04-26 15:11:2915.9432,6005,196.44O
2024-04-26 15:03:4415.503,000465.00O
2024-04-26 15:00:0116.3424,4493,994.97O
2024-04-26 14:55:4616.0010,0001,600.00O

Likewise (LIKE) Top Chat Posts

Top Posts
Posted at 26/4/2024 09:20 by Likewise Daily Update
Likewise Group Plc is listed in the Floor Layng,oth Floorwk, Nec sector of the London Stock Exchange with ticker LIKE. The last closing price for Likewise was 16.50p.
Likewise currently has 243,858,480 shares in issue. The market capitalisation of Likewise is £39,017,357.
Likewise has a price to earnings ratio (PE ratio) of -47.06.
This morning LIKE shares opened at 16.50p
Posted at 08/3/2024 19:21 by bda3490
Like the co but headlam shares are more easy to trade in this sector
Posted at 14/11/2023 11:30 by william127
Stated in January presentation that payments will come from cash by Tony Brewer. Since then interim dividend has started. Very heavily owned by directors I see no worries at all in financials with LIKE.
Posted at 10/11/2023 21:10 by velocytongo
One more thought on LIKE, if you add the amounts due next year to Valley and Delta, current assets do not cover current liabilities (i.e the current ratio). It is 0.94 and not above 1 as you would expect. This is a credit red flag for obvious reasons.

The share price is depressed for a reason.
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 LIKE

FD 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.
Posted at 23/10/2023 17:36 by my retirement fund
Looks like a big holder has thrown the towl I and is existing at any cost. Big dumping going on.
Posted at 27/7/2023 10:44 by s34icknote
Could this be a Thomas cook jet 2ScenarioLike taking business from headlam ?
Posted at 30/5/2023 13:46 by essentialinvestor
William, as someone who is interested in Headlam (not holding atm)
thanks for your above posts, something to think about.
LIKE a bit small for me at this stage but best of luck to holders.
Posted at 30/5/2023 11:07 by castleford tiger
thanks William.

I hear what you are saying but LIKE are not making a profit yet.

can we chat direct on whats app especially if you are a MFX holder

cheers Tiger
Posted at 28/5/2023 21:11 by william127
Hi TigerI don't think you will find Headlam taking out Likewise. Headlam have been selling more and more to fitters allowing cutting on site at Headlam Units. Also selling to trades which are not flooring related through the much publicised trade counters. This has obvious short term gain but they are generating HUGE discontent amongst the independent retailers who make up most of the business. This a gift to Brewer. Like are finaly resolving stock issues that could have been better. Distribution is near completion for this phase. If you do make the MFG agm it would be good to meet.
Posted at 15/4/2023 09:18 by my retirement fund
Agreed. Like could be interesting.
Likewise share price data is direct from the London Stock Exchange

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