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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Slimma | SLM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 4.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.00 | 4.00 |
| Top Posts |
|---|
Posted at 22/12/2007 21:00 by 3800 Hi All, I thought I was the last holder of SLM on ADVFN. I have just recieved my hard copy of the reports and accounts today. I was already aware of the trading losses, extra borrowings and lost customers but wasn't aware of the collapsed sale of the former factory site at Barngate Street. Can anyone enlighten me as to what the new sale value may be? Another negative was in the Chairmans Statment regarding brand launches in North america and Eire "Owing to the initial high costs involved with agencies and their negative effect on margins until sales contributions cover costs, we have to regard these moves as investments which should start to reward us during the financial year 2008/2009. Although these investments are expensive, it is important that the Company continues to develop its customer base internationally". "High costs""negative effect on margins" and "these investments are expensive" are just what I don't want to hear. If I didn't have such a bad track record of selling no hopers just before they recovered I would be shut of this one. |
Posted at 18/12/2007 13:26 by lord c. I write as a long term holder. The near future looks pretty bleak for these guys.Losing customers,losing retailers and already outsourcing abroad at cheapest labour rates so no extra margins, mean hairy days ahead. Design led recovery their best hope which will be hard to achieve and take time. Now unloved,without a divi, they should have further to fall..... |
Posted at 03/11/2006 22:45 by rohkap It looks cheap as it's market cap is in line with net current assets, but I've been stung in the last year with small caps so dont know what to suggest. Maybe final divi is to be cut/omitted? |
Posted at 23/5/2006 22:31 by deadly These deserve a closer look after the recent fall. 5.5% dividend, no debt, growth with the potential for some acceleration. |
Posted at 22/8/2005 08:10 by audand Anyone have any idea how the EU ban/quota system on clothing imports from China is likely to affect SLM as they now source 75% of production from there? |
Posted at 15/12/2004 07:27 by janus62 Slimma plcPreliminary Results for the period ended 1 October 2004 Results Financial Period Financial Period 2003/2004 2002/2003 Turnover £25.93m £28.52m Operating Profit before exceptional items £1.04m £1.06m* Pre-tax Profit £0.95m £0.39m Earnings per Ordinary share 6.46p 2.59p Interim Dividend (per share) 1.50p 1.00p Final Dividend (per share) 2.00p 2.00p Total Dividend for Period (per share) 3.50p 3.00p All divisions profitable Excellent H1 performance Strong performance from fashion brands H2 impacted by challenging conditions on the high street Healthy order books across the Group for Spring/Summer 2005 * Operating profit before exceptional items of £563,000 as shown on the profit and loss account '...poor weather during July and August, together with a strategic buying decision by one of our key high street customers resulted in a disappointing end to the financial period, particularly so after an excellent first half performance. Despite this setback however, all of our divisions were profitable for the period ended 1 October 2004.' Alan D Webb, Chairman FULL STATEMENT ATTACHED Enquiries: Alan Webb, Chairman Stephen Thwaite, Chief Executive Katie Dale, Account Manager Slimma plc Citigate Dewe Rogerson Today: 0207 629 9696 Today: 0207 629 9696 Thereafter: 01538 399141 Thereafter: 0121 455 8370 www.slimma.com Mobile: 07770 788624 -2- Slimma plc Preliminary Results for the year ended 1 October 2004 STATEMENT BY THE CHAIRMAN, ALAN D WEBB The successful reorganisation implemented during our 2003 financial period has provided us with the framework necessary to help manage continuing price and margin pressures from high street customers and support ongoing strategic development of Slimma's branded businesses. As mentioned in our trading update issued in August 2004, poor weather during July and August, together with a strategic buying decision by one of our key high street customers resulted in a disappointing end to the financial period, particularly so after an excellent first half performance. Despite this setback however, all of our divisions were profitable for the period ended 1 October 2004. The competitive nature of high street trading continued during the period to exert downward pressure on sales, price and margin. Although the current Spring/ Summer 2005 order books are ahead of expectations, we will continue to face a competitive and challenging future with our high street accounts. The growth of high street retailers' 'direct sourcing', combined with the termination of quotas from 1 January 2005, most notably in China, will exert further downward pressure on prices. Although this will benefit consumers, suppliers to the high street will be forced to adapt to the new conditions. Using Slimma's sourcing intellect and superior service supports, we will continue to exploit the weaknesses inherent in direct trading by high street customers. Our branded business now comprises 74% of Slimma's total sales (2003: 67%) and has continued to improve trading results. With healthy order books for the Spring/Summer 2005 season, principally due to strong UK demand, we anticipate that this pleasing performance is set to continue. The ending of quotas, which could have an adverse effect on our high street business, becomes a positive benefit for the brands, Frank Usher, Dusk, Coterie, Peter Martin, and Re.al, where approximately 75% of sales are manufactured in China. From 1 January 2005 this will result in lower manufacturing costs for goods made in China, subject to any offset being introduced by either China or Europe in the form of an additional tax or duty which could negate the gain. Exports now account for 21% of Slimma's total sales (2003: 16%) and, after strong growth during the period, are now showing some signs of weakness, particularly in the Eurozone where consumer spending is under pressure. Strong financial controls contributed to a reduction in net debt to £1.18m (2003: £1.30m). The Board is recommending a maintained final dividend payment of 2.0p per share (2003: 2.0p). This, together with an interim dividend of 1.5p (2003: 1.0p) makes a total of 3.5p per share for the period (2003: 3.0p), an increase of 16.6% on last period. |
Posted at 27/8/2004 07:30 by janus62 From the stockmarket reportClothing supplier Slimma admitted that while its branded products were steaming ahead the smaller part of its business which supplies stock to big high street multiples had suffered a poor summer. It seems that major customers (and we are talking big High Street names) have just not been able to clear summer stock and so have yet to place Autumn orders. Slimma is still likely to make a pre-tax profit of 1 million pounds in the year to September 30th (about 400,000 pounds less than had been forecast) which equates to earnings of around 7p and so the dividend should come in at 3.5p. The more than attractive yield capped the losses, the shares closing off 6.5p at 58.5p. |
Posted at 19/5/2004 17:52 by james t kirk HP, they can't be too worried about pension deficit, or they wouldn't have upped the dividend, but thanks for pointing it out. |
Posted at 18/5/2004 11:35 by james t kirk Quite, the broker is suggesting 3.5p for year, so I was being conservative. With so much bad news on stocks, this would be a good investment, even with share price not moving. You really don't get a dividend this good very often. With a 4p dividend that's 6% for the shareholders. |
Posted at 18/5/2004 08:56 by james t kirk Just released interims with positive forward looking statement and crazy low p/e. Plus you get a dividend of @3p with share price of 67p as of today. |
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