| 22:37 20/03/2012 | Half Yearly Report |
| The share price fell with these results, but they did not appear to me to be much different to my expectations. The cash outflow and outlook on trading might have been a concern, but current trading conditions do not seem to be such a concern for Carpetright shares. The relocation and disruption to Ryalux from vacating one of their leased premises will have been a 'one off' activity. There is still quite a bit of cash that has enabled them to continue to make investments. Very prudently they have not declared a dividend. To my mind making a profit in these circumstances gives my confidence in this company - and every expectation that they will make good profits once the housing market starts to return to some sort of normality - it has been quite a while since the start of the banking crisis - judging by the recent strength in the stock market the housing market recovery cannot be that much further away. My main disappointment was the absence of a mention of the Victoria Mills building site - but these things always take time. Will I buy some more? Well currently non ISA cash is largely committed, but a sub 10p price would be hard to resist! The Buzz By The buzz |
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| 16:26 05/03/2012 | Re: Why The Jump? |
| TB - I've never done well with "bio's" but seem to play SLN quite well.......just by way of a bit of a diversion. A bit of patience needed between buying and selling. Same at WBN - the latter gets a lot of Pump and Dump, but one can use that to advantage. CFX - really just a "family business" imo. m By mantrova |
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| 13:31 05/03/2012 | Re: Why The Jump? |
| Hi m, Thanks for your input. Glad to hear that you had some good multi-baggers - we really need them sometimes to offset some of the lemons!! I will have a look at your current favourites in slow time. I have been a bit distracted at times over the last year doing an Open University course that is always more work than one expects! I noticed that WGB slipped back again today - I think that they are about fully priced for now. As I mentioned I have been on a crusade with CFX and they are still ticking up. Not a multi bagger though. As for AIEA, like you I am impressed that they have been holding their own in the current time. I concur that the recent rise was on thin turnover, but I still see that as a good sign as a stock shortage will accentuate any recovery. However, I am a bit wary that the pension deficit might bite back, but the details in the accounts were a bit thin. (I have given up on AAT as they have drowned in their pension deficit despite having a profitable business). With the Halifax raising their mortgages and the higher oil price forcing up costs, I think that I will tread water with my current holding in AIEA, although I recognise that they could move very rapidly with good news such as a sale of the Victoria Mills site or good sales figures with their larger marketing force. The Buzz By The buzz |
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| 16:32 04/03/2012 | Re: Why The Jump? |
| Hi again Tb. Sorry for the delay but I've been off-line a while, installing new kit. Unfortunately with AIEA and some other small companies, the Level 2 mm info on what they are offering bid/ask, goes blank, after the mkt has closed. I can only see the day's trades etc. I still subscribe to MorningStar (was Hemscott) and see they still have 46.2m shrs in total, with 39.93% in firm hands i.e. the over 3% - ers. Mkt cap is a mere £5.5m and Sales an multiples of that. With the brokers, N.1. Brewin have them as "under review" as of recently and Milkstone (M/c), who know the northern textile patch quite well, have eps of 1.9p and 0.50p div for 2012. Nothing more showing beyond 2012. If Airea do those numbers in the present climate they should be commended. We'll see. Frankly I think the recent small uptick was just prompted by that buying and if there is any further even modest buying I can see the sp moving higher. I'm still a biggish holder here and have them on my watch-list. If there's anything worthwhile comes up on my radar I'll post it here etc. Re WGB etc, I still watch them, partly because I know them, slightly. But to be really honest I need more excitement. Over the last 2-3 yrs I've got over much into Oilers and Miners. Yes, some dreadful losses, but the gains can be exceptional. I think I mentioned CEO a long time ago....fortunately I've had more than a handful of suchlke major multi-baggers, but it's too late to mention them as buys now. More recently I did like HNT @ 30p a short timer ago and put money into STT and SHFT when they were low, but as you'll remember, my appetite for risk is very high. Keep in touch - I'm always very pleased to read what you have on your own plate! gl m By mantrova |
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| 18:18 02/03/2012 | Re: Why The Jump? |
| TB - in haste....I'll revert soon. Best regards m By mantrova |
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| 16:42 02/03/2012 | Re: Why The Jump? |
| update. I noticed a jump in the price just now. There had been 37.5k buy at 11.15p, another buy of 1k 2 minutes later at 11.44p, followed by what looks ike a sale of 5k at 11.25p 2 minutes later. I did a dummy sell of 10k and got quoted 12.3825p. A dummy buy of 10k got a quote of 11.21p. Ignoring the 5k sale, the buy price rose 0.29p for a buy of 35k. the buy price rose from 11.44 to 12.3825 ie 0.9425p on a buy of 15k shares. To my mind there cannot be many shares for sale. BB - do you have a level 2 screen to se what is on offer? Perhaps Mantrova could have a look for us? The Buzz ps Mantrova - did you spot WGB shoot to 63p?? I thought that it was a bit of a steep rise (after a preceding good run) and am not surprised that it has slipped back a bit. That said they seem to be on a bit of a roll and keep putting the bricks in the right place. I have been topping up with CFX - stock there looks very tight as well and very small purchases can make a big shift in price. I am wondering if the repeated share purchases have soaked up much of the freely available stock?? The Buzz By The buzz |
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| 19:33 29/02/2012 | Re: Why The Jump? |
| Hi BB, Bought a small amount (6500) to top up one account and paid 11.1p (buy, not a sale as shown). Went to the other account and had to pay 11.25p for 6500. Then the spread changed to 11-11.5p and the buy price was then 11.375p. Yes the stock must be in limited supply. I was telling Mantrova elsewhere that I had been doing some research into the Victoria Mills bulding site. If one wades through the planning aplpications, it soon becomes apparent that it is potentially a substantial housing development (from memory about 147 houses). There are some necessary works, but inspecting the going price for houses in the area, assigning one third the price to the land, gave me a guestimated value of about £3m for the Victoria Mills site. I cannot guarantee my figures but they are substantial in terms of the valuation of AIEA and underpins my confidence in the valuation of the company - market capitalisation of only £5.2m. That leaves very little value for the business and other assets. If I am right, then there will be an announcement in due course once the site has been sold, and then we might have an exceptional gain. Fingers crossed. The other background thought was that Carpetright has been having a very strong following of late - I take this as s sign of confidence in the industry - re-inforced by the recent strong performance by housebuilders. I have been putting only very small sums into AIEA so far as it is such a small company and has had a rocky past, with the industry still at a low ebb due to the general economic conditions - but I am slowly getting a warmer feeling about AIEA The Buzz O/T Today I also bought some 2.5k of CFX - hoping for a company takeover development as nearly 90% of the shares are not in public hands and they have a ferocious share buy back program. By The buzz |
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| 13:03 29/07/2011 | 5 AIM-Listed Value Small Caps....... |
| 5 AIM-Listed Value Small Caps http://www.fool.co.uk/news/investing/2011/07/29/5-aim-listed-value-small-caps.aspx BY David Holding Published in Investing on 29 July 2011 AIREA Smallest on my short list of small companies is floor coverings specialist AIREA (LSE: AIEA). At 13.75p, the company is valued at £6.4m, but has NTAV of around twice that, including some property earmarked for development. Despite challenging markets, AIREA managed a small first-half profit and says it is well-placed to benefit from any upturn. Here again the directors have bought significant quantities of shares; the CEO and Chairman splashed out almost £130,000 in June at 11p per share, and now own 10% of the company between them By SpikeyDT |
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| 20:34 16/05/2011 | Re: Why The Jump? |
| Hi Buzz, It doesn't take a lot of volume to make this share move. I have bought in a small holding in the last week which I guess, mopped up some of the spare shares. I stopped buying when it began impacting the price but someone has continued, and I think those small volumes are in a pretty tight market. It's reassuring to see you and Mantrova here again. BB By Biscuit Barrell |
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| 17:26 16/05/2011 | Sp climbing |
| I'm very happy to hold my AIEA's and see the recent, regular modest upticks. There are so few co's in the Uk actually making carpet, leaving AIEA with a secure future, imo - even if it will be hard work for them. m By mantrova |
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| 10:30 16/04/2011 | Re: Why The Jump? |
| I don't know if it's just a response to the substantial director buying the other day, or maybe there's news just around the corner. I'd be interested to know just what their property is worth as housing, I think in the Sirdar days they sold one for about £9m. By Another Jacko |
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| 19:11 15/04/2011 | Why The Jump? |
| Today's rise of 5.5p to 16.25p seems to come a bit out of the blue, epecially after various downbeat retail reports. It is not that long since the last set of results were released as well. I think that this is a reasonable level - I topped up at the end of last year at 10.5p as I felt that they were undervalued. I don't know if mantrova is still about, but do you have any clues? The Buzz By The buzz |
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| 10:24 28/09/2010 | Results - Solid But Tame |
| The results show an eps of 0.57p and a lukewarm assessment of the housing industry. On the plus side there seems to be a sustained recovery in the trading position that was flagged at the interims. The big new contracts have been slow to start up and have not really contributed much to this financial year. Plenty of cash and cash flow. The pension deficit increased from £5.52m from £5.44m despite £0.6m of contributions. My perception, with a bit of crystal ball gazing, is that turnover should head towards £35m next year. Operating profit should increase slightly and there ought to be a small reduction in finance and development costs. Profit after tax should be nearer to £1m and an eps of approximately 1p. That does not strike me as being much of a return with a current share price of around 13p. However, once the 'building' market improves and should the Polish operation prove to be sucessful, then the eps should at least double to 2p. Now that the company is well on the road to recovery it could be subject to an opportunist take-over when the housing market starts to recover. Overall I think that I will retain my holding as it has good recovery prospects and a forseeable dividend. However, I do do not rate is a screaming buy so I do not intend to add at the current price. Have I missed anything/ mis-read something? Any other view points? The Buzz By The buzz |
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| 17:15 24/09/2010 | Results Due Soon- Price Moving Up |
| Noticed the price has been rising quite quickly today. Last year the results came out 29th September so this year's results should be out soon. I take the recent strength in the share price that they wil not disappoint? The Buzz By The buzz |
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| 11:55 30/04/2010 | Re: AIREA's flying carpets |
| HI Duck re;"with no broker". Just to mention, fwiw, that I see from Hemscott, Brewin Dolphin are listed as the co's broker and have their forecast under review at 27/4. About time BD got some numbers out.... The Milkstone people have known the co for years and 15/4 they have 0.8p of eps for year 6/2010 and 2.3p for 2011. I think they probably have a better handle on anything textile than BD. Btw, who's the "we" in your post? Gl m By mantrova |
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