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SLM Slimma

4.00
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Slimma LSE:SLM London Ordinary Share GB0008207705 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 4.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 4.00 GBX

Slimma (SLM) Latest News

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Slimma (SLM) Discussions and Chat

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Slimma (SLM) Top Chat Posts

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 17/10/2006 14:57 by hugepants
Bought some last week on the drop. Hopefully price recovers ala Sherwood.
Posted at 21/4/2006 10:56 by perelachaise
What will the float price be?
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 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: 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 26/8/2004 10:28 by made1686
i do not like to say told you so but i did when the boss sells you should he is not stupid if you think thay have not got the the inside info thay have boss sell makes a share a sell
Posted at 11/6/2004 12:48 by mickinvest
Price over the last couple of days has been good enough for me, not an area I understand too well and a decent profit over the last few months against a flat market, not too difficult to shift shares albeit done in quite a few trades over the last couple days but a few more greenbacks out of circulation :>)

Mick
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.
Posted at 19/3/2003 11:31 by rcturner2
The price reaction to that sell is quite interesting. The buy price has been moved to 50p and the sell price held.
Slimma share price data is direct from the London Stock Exchange

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