Slimma Share Discussion Threads

[lord c.] 18/12/2007 13:26

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.....

[deadly] 24/1/2007 22:28

some crazy moves in the share price recently. Somethings afoot. Bid?

[deadly] 05/1/2007 22:29

Tipped in the IC today. Goes xd next week. Either could explain the rise again.

[hugepants] 13/12/2006 10:11

Final results.


Market doesnt like them much prob due to the cloudy outlook

[illiquid investor] 22/11/2006 14:07

not sure hugepants..........sitting on mine for time being....

[hugepants] 22/11/2006 10:39

So why the small buys. Was it tipped somewhere.

[whispering] 22/11/2006 09:21

Only MMs over-reaction to small buys

[branca] 22/11/2006 08:45

I cannot tell as it is a high premium subscription site.

[illiquid investor] 22/11/2006 08:45

come on then.............who is it

[branca] 22/11/2006 08:40

I know who it is

[hybrasil] 22/11/2006 08:39

who do you think it is sky?

[skyracer] 22/11/2006 08:09

Up today. Dont know why. However it would not surprise me if Slimma was being stalked. For a market cap of £5.3m (before today) they have a huge turnover of £23m. A certain plc in the same business looking for an acquisition comes to mind but we will see.

[rohkap] 03/11/2006 22:45

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?

[hugepants] 02/11/2006 13:03

bad news on the way?

[hugepants] 20/10/2006 09:50

Dont know whether this is a topping up opportunity. Priced well below net liquid assets if you include the 1M coming in from the property sale.

[hugepants] 17/10/2006 14:57

Bought some last week on the drop. Hopefully price recovers ala Sherwood.

[deadly] 23/5/2006 22:31

These deserve a closer look after the recent fall. 5.5% dividend, no debt, growth with the potential for some acceleration.

[perelachaise] 21/4/2006 10:56

What will the float price be?

[skyracer] 07/2/2006 08:47

The AGM statement is impressive. Four months into the first half and "trading results" are ahead of last year despite lower sales. Presumably this means operating and pretax profit ahead of last year. Cant have been easy, particularily when their business is so competitive. The management are to be commended for taking the necessary action to achieve a leaner operation. I hope it works out for them, deserved a better response from the market.

[made1686] 09/9/2005 16:27

bad very bad

[audand] 22/8/2005 08:10

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?

[piedro] 04/8/2005 13:52

Slim thread picking up,

2 new acquisitions....

Beau Bra,

and

Cattiva,


and,have upgraded their

corporate stockbroker,

[made1686] 31/12/2004 10:13

going down this year as go ex div,,,,,,,,,,y

[janus62] 15/12/2004 07:27

Slimma plc
Preliminary 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: [phone]


-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.