I Read The News Today Oh Boy! 16-Feb-2018

16th Feb '18 by matylda

5 comments 4101 reads

Morning All!

Angling Direct ( Angling Direct (LON:ANG) ) – 98.92p – £42.5m – PER 31.9

Trading Update For The 12 Months To End January 2018 – Revenue ahead of expectations, up 44% to £30.2m (£21.0m last year). Expecting to continue to increase share of the UK angling retail market through both organic and acquired growth. Also intends to introduce country specific websites to drive growth. No mention of Profit but there’s “a very positive outlook despite higher labour costs and increased margin pressure”, so my read is that Profit has been affected - Why not just tell us!

The spidey senses are tingling here. Not even considering paying up here until I see those actuals – 14^th May.

And, that’s all I can find this morning, a good weekend to all!

Unlock with Email

Unlock with Google

Already have an account?
Login here

MrContrarian

16th Feb '18

My morning smallcap tweet:

HaiKe Chemical (LON:HAIK), Angling Direct (LON:ANG), Trading Emissions (LON:TRE), Elektron Technology (LON:EKT)

HaiKe Chemical Group (HAIK) proposes delisting. Holders offered 30p, a 62% premium. One of the few China-AIM cos that hasn't been total loss. Listed at 80p in 2007.
Angling Direct (ANG) FY trading. Rev up 44%, ahead of expectations. Expects to continue to inc. mkt share and expects to invest more resources this year into growing overseas sales.
Trading Emissions (TRE) Sale of Italian subsidiary - "the specific circumstances under which the gross sales proceeds could increase by an additional EUR0.75m have now been met." Expects sale to conclude by end March.
Elektron Technology (EKT) sells Queensgate Nano for £0.8m plus earn out up to $0.8m. Last FY loss for Queensgate Nano was £1.2m. It's "the final step in our strategy of simplifying our operations and will enable management to focus solely on those businesses which the Board believes offer potential for sales and margin growth, namely Bulgin, Checkit and Elektron Eye Technology."

Accounting

This comment has been moderated

The Phoenix

Any chance of a gander at Jarvis Securities from yesterday's update Graham Jarvis Securities (LON:JIM) seemed to be a fair bit of interest on yesterdays board for a comment and Paul deferred to yourself as more familiar with the financial sector.

Thanks

matylda

clarea - Wrong discussion thread :)

Sorry total lack of sleep last night, shot to bits thought for a minute I had been deleted from Graham's daily round up thread for asking about financial companies doh

I Read The News Today Oh Boy! 16-Feb-2018

Unlock the rest of this article with a 14 day trial

About the Author

Matylda

5 comments

Unlock the metrics for all these stocks and more...

Unlock the metrics for all these stocks and more...