thirty fifty twenty
20 Mar 2018
exciting closure and CASH return a very interesting RNSresults will be interesting in the morning so no point speculating....any idea why they issued today and not with results?for a business that is stuffed with CASH and FH assets,and a great mgt reputation for shareholder focus (note divis and buy backs)this could be very exciting....profits are bigger than we thought (as before included a loss making business)current trading is positive and CASH generative,pension issues will be reduced with higher interest rateswith a favourable outlook these guys could easily double from herewhich is exciting but also all a little pointless speculatimgas actual facts will be known tomorrowfingers crossedAll IMHO, DYOR + BoLAIEA is in my top5 hldgs
The buzz
20 Jan 2018
Re: Carpetright Sneezes Hi,Well UK sales slid badly in December according to official figures:-[link] it was a bad day on the stock exchange for many retailers. No I have not followed SCVP, mainly because I was unaware of it!Yes, AIEA is a bit opaque so I used to have chat with my local carpet retailer to find what he thought about AIEA. I sold my AIEA some time ago, partly on the basis of his views. He thought that AIEA made good carpets but was relatively expensive with several other manufacturers competing in their market sector. Agreed AIEA have made some good overseas industrial sales - and that the European economy has been slowly improving, but the recent strengthening of the £ has not helped.I was a bit wary that AIEA was paying a high dividend and risked running short of cash: my view is that lower sales with fixed overheads could cause problems. In fact I voted against the dividend at one AGM as I felt that they should have built up some cash reserves to cover periods when the market cycle is down. Yes they have some useful building land, yes they have consolidated their sites, yes they have some modern equipment, however their current site would not be constructed in the same way if they were building from scratch again.To summarise, I think that one should be wary that AIEA might have lower sales due to market conditions. It up to one to decide whether the prospective future profit will support the current dividend etc etc and in turn put one's own valuation on AIEA.The B
mnamna
19 Jan 2018
Re: Carpetright Sneezes Hi Buzz,Graham Neary just covered Carpetright and United Carpets on today's Small Cap Value Report over on Stockopedia. Don't know if you follow the SCVR and its discussions, but well worth it IMHO - another clutch of profit warnings this morning it seems. cheers
mnamna
19 Jan 2018
Re: Carpetright Sneezes Hello, thank you for that, very interesting even if I am not sure what to make of it. Is their problem because they have lost out to other retailers or because people aren't spending? I have no way to know. But certainly there is less disposable income for most people at the moment. Isn't it the case that Aeria mainly supply independent shops which will make it hard to get any feedback on the market conditions?I guess a second carpet retailer warning would give a much clearer indication?From the article it seems that this is their second profit warning - so something was already going wrong for them?As usual with Aeria I find myself in a vacuum with little or no information to judge what is going on? cheers
The buzz
19 Jan 2018
Carpetright Sneezes [link] in floor coverings specialist Carpetright have plunged 45% after it warned that full-year profits would be much less than expected.It blamed the profit alert on a "sharp deterioration" in UK trade, with sales in the key post-Christmas period "significantly behind expectations".'Not quite the same market as AIEA but buying the groceries seems to have taken priority this Christmas.The B
mnamna
23 Nov 2017
Nice Divi Nice to get the divi in the bank account today., Seriously chunky these days.cheers
Our Haven
18 Oct 2017
Re: Update Still no dips to speak of. Looks fairly stable and I think there is more chance of an upward breakout.
Our Haven
28 Sep 2017
Re: Update Hi MnamnaI think then we will both be happy with no dips!Cheers
mnamna
28 Sep 2017
Re: Update I should have been clear, AIEA is already one of my largest holdings, so buying on dips is pure opportunism, I shouldn't really buy any more buy won't be able to resist if it's on special offer,cheers
Our Haven
28 Sep 2017
This mornings rally Well it is late but what you would expect from the dividend rise and on target update. Low volumes is a concern.
Our Haven
28 Sep 2017
Re: Update I would say the turnover and profits are steady. I would describe the increase in dividend payout as very good news at over 16% increase. I would expect from here a steady rise in price but good luck if you are buying on dips. I topped up earlier in the week, now hoping of course that was a low point!Cheers
mnamna
28 Sep 2017
Re: Update The dividend is indeed welcomed. Overall I'd say the results are 'Yes, But........'Although called interim the results are for 12 months as the company is changing its reporting dates. The final dividend last year was 1.5p and this dividend 12 months later is 1.75p - though called an interim it's not clear what level of dividend may be expected in 6 months time.I suspect this is intentional and depends upon the success of the new product launches. Sales in the 12months were actually down. Cashflow was demolished by increase in stock and equipment. Unless this is reversed then the progress of the last few years will come to a stuttering halt. Having said that management speak was optimistic and as they are already 3 months into the final 6 months they should know how things are working out. But carpet companies are seen as very exposed to any economic downturn, and with good reason. I've been putting off new carpets for 25years now! Airea is too small a company to be on the radar of most investors and with the confusion caused by brexit is probably undervalued but no reason for that to change based upon the recent results. The shares are closely held and illiquid. Result is deafening silence. I'm looking to buy some more should they slip in the next few weeks to avail myself of the increased cash dividend.cheers
Biscuit Barrell
28 Sep 2017
Re: Update My thoughts precisely
Our Haven
27 Sep 2017
Update All looks good. Surprised no one has welcomed the interim dividend. Am I missing something?
thirty fifty twenty
11 Sep 2017
Re: at 34p is results delya a good sign?... yes but last year the reason for them being earlier than historical was because they had better accounting and risk processes so i'd hope those still in places - LOL
