| 8:02 24/05/2012 | Re: Education Supply Market |
| "I am not sure how relevant it is to Findel but one of the few other quoted educational suppliers, Feedback plc sold its Instruments division today for a nominal amount after 4 very difficult months of trading. If I had to guess I would think that sales to schools and higher education establishments could be under severe pressure at the moment due to spending constraints. I suppose it is up to the Findel management to prove the market wrong but the background does look rather worrying." -------------------------------- The whole of Feedback Group revenue for 31/05/11 was £6.3m. From their website- http://www.feedback-group.com/bin/pdf/original_pdf_file/rns_-_disposal_of_feedback_instruments_limited(23_05_2012).pdf So their eduction business was small and specialised - hardly a fair comparison to Findel IMHO. That said in their last statement 29/03/12 Findel stated "Group sales for the year are expected to be approximately 1.1% ahead of the prior year, with the rate of sales growth in the second half being approximately 2.4%. This reflects the continued strong trading performance of the Group's largest business, Express Gifts, offset primarily by declining sales in curricular brands within Education Supplies." So Education would still appear to be struggling/ Shorty By shorty3 |
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| 20:23 23/05/2012 | Re: Education Supply Market |
| I am not sure how relevant it is to Findel but one of the few other quoted educational suppliers, Feedback plc sold its Instruments division today for a nominal amount after 4 very difficult months of trading. If I had to guess I would think that sales to schools and higher education establishments could be under severe pressure at the moment due to spending constraints. I suppose it is up to the Findel management to prove the market wrong but the background does look rather worrying. By Meanbugger |
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| 21:16 10/05/2012 | Re: Shares Magazine |
| Hi Shorty, I congratulate you for your loyalty and belief in FDL. I began buying into the company at 25 pence and have endured one rights issue. I, like you now hold over two million shares at an average of 8.10. I firmly believe that this company is now massively under valued. In my opinion your break even point of 12 pence is a fair and realistic value that, with the correct following wind could be achieved sooner than we think. Keep the faith. When the big buyers get behind Findel, who knows how far this could rise. DDP By delta delta papa |
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| 18:36 10/05/2012 | Re: Shares Magazine |
| Nice find Delta Echoes my own views (and dreams) In here for the really long haul after going through 2 placings I'm sat on a circa 70% loss at the moment and have a break even of around 12p, hoping we get there in the next 2-3 years and 20p in the next 5yrs so I get some profit for the last 3 years of pain. It's always a concern when you see companies like Clinton Cards go with considerably less borrowings than FDL, but we are more diversified and cash generative, to me it's worth the risk, holding over 2m shares (in ISA, SIPP & Trading account) so sitting on massive losses but IMO worth the risk of holding. GLA Shorty By shorty3 |
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| 17:12 10/05/2012 | Shares Magazine |
| Findel (FDL) 3.6p BUY Bombed-out and burdened by debt, home shopping and education supplies business Findel (FDL) looks an intriguing high-octane recovery candidate. Under a well-regarded management team led by CEO Roger Siddle, the £61 million cap is less geared than previously. Although its educational supplies arm is dogged by legacy problems, the express gifts home shopping operation is seeing strong sales growth and offers margin improvement scope. Elsewhere, Findel’s loss-making sports retailer Kitbag has earnings recovery potential while distributor numbers are rising at network marketing company Kleeneze. Oriel Securities forecasts 50% improvement in adjusted profits to £10.5 million and flat earnings of 0.6p for the year to April 2012, ahead of a further 33% profits push to £14 million and earnings of 0.8p by 2013. On those estimates, the shares trade on a grudging price/earnings (PE) multiple of just six, so there is plenty of upside scope. Signs of progress at next month’s (12 June) preliminaries could kick-start the rerating process. (JC) By delta delta papa |
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| 9:25 04/05/2012 | Re: Education Supply Market |
| Thanks for the clarification Figgy and glad to hear you have bought some shares in Findel. I, like you cannot understand why the share price continues to bump along the bottom. There were signs yesterday of some positive movement but only very small. However you choose to value a business, I cannot see this being worth any less than ten pence per share so let's hope we are all rewarded for belief in FDL. DDP By delta delta papa |
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| 20:39 03/05/2012 | Re: Education Supply Market |
| No, this is not a consumer view, we are SUPPLIERS to the industry and to Findel, so we have seen how they have performed as a business over many years, and their current performance (with us) belies their share-price. As I mentioned, their performance is strongly up, management team as good as its ever been, and the education supply sector as a whole is performing well and it is this backdrop that seems a little at odds with their all-time low share price. Anyway, hopefully they will continue to chart a growth path and the market will cotton on at some point - and owning a significnat chunk of shares, I do have a vested interest in seeing the price head northwards. By Figgy1 |
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| 12:48 03/05/2012 | Perspective. |
| You can still buy the whole of this company for the price of a small painting. That puts the value of this business into perspective rather doesn't it ? Positive movement today though, long may it continue. DDP. By delta delta papa |
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| 8:44 03/05/2012 | Re: Education Supply Market |
| It's good to receive a consumer view of the progress of Findel. I assume this marked improvement in the service you receive is as a result of the action taken following the full potential review. I just wish that the private equity funds latch onto the significant value that this business now offers. DDP By delta delta papa |
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| 16:35 02/05/2012 | Education Supply Market |
| I am new to posting on discussion boards, but I have been watching the Findel stock over many weeks now (ever since I opted for the rights issue). I have a particular interest too since in the "real world" I run an educational supplies business and they are a significant customer of ours. Over many years we have worked with them and seen many changes. in recent times however I have to say that recently the overall professionalism of the business and its performance with us has been very positive, sales being significantly up and their payment performance better than it has ever been. I thought I might mention this since sometimes market sentiment seems to be a little at odds with real life peformance, and I trust that at some point, what we are witnessing as a supplier will work its way through into a positive sentiment in this share. Fingers crossed ! By Figgy1 |
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| 18:18 28/04/2012 | Baffled ! |
| I am struggling to understand why the share price of this company is not higher than it is. The market cap. is currently only ten per cent of the annual turnover on the back of a complete makeover of the business. We are now more than halfway through the three year full potential review. We have a board of directors that are making all the right moves yet the price remains suppressed, two pence (over 30%) below the rights issue price in fact. All the signals are that the 11/12 figures to be released on the 12th June are positive, a pre tax profit even, despite debt. So why does the price remain suppressed ? I don't know the answer to that question, but what I do know is that I bought 1,050,000 shares myself yesterday (Friday 27th April) at 3.69 pence per share and the purchase was not made public anywhere to my knowledge. Maybe I inadvertently bought some dodgy back street second hand shares but I did entrust my purchase to Barclays Stockbrokers so I would hope that I have ended up with legitimate stock ! The fact is though that this is now a very solid business whose share price and therefore market cap should be at least half of its annual turnover or five times current value. DDP By delta delta papa |
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| 21:41 27/04/2012 | Re: ew blood - 5p tgt |
| One would hope the Olympics will help both Davies Sport and Kit Bag,to show more interest in sport and the sales/profits to boot!! By BoyBlunder1 |
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| 0:53 27/04/2012 | Re: ew blood - 5p tgt |
| Agree By Rolix |
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| 20:07 26/04/2012 | Re: ew blood - 5p tgt |
| 5p Broker Target...too right! FDL is oversold and undervalued imo (barring any profit warning). My own target is 10p by end of next year... By Cleevelodge |
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| 22:56 25/04/2012 | ew blood - 5p tgt |
| New Rating Company Rating Target Price Potential Upside/ Downside Contributing Broker DiamondCorp Buy 15 185.7% Northland Capital Partners Ltd Findel Buy 5 42.9% Oriel Securities Ltd Reckitt Benckiser Group Outperform 4100 13.9% Raymond James By forwardloop |
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