mnamna
03 Sep 2015
AIREA up again Well, a gem of a share at the moment. 22.5p to buy today. Steady as a rock during the current market gyrations. Does nothing whilst I am looking but the minute I turn my back for moment - bingo! it's up again when I turn around.Running up before the results at the end of September perhaps? Or does somebody know something?Will it end in tears? Or is Airea finally going to deliver on its potential?cheers
mantrova
12 Jun 2015
Airea being very much liked today Now 19p at the best ask and folks are paying that.Only 5k showing for sale at that sp on L2, then 19.5p followed by 20p ,,,,after which it's anyone's guess.m
mnamna
22 May 2015
FD splashes out on more shares I notice that the FD has bought more shares paying 15.3p and increasing his holding by about 50,000 to around 220,000. Not a huge buy or holding - more a point of interest that the FD sees good value at 15.3p ?Should I get the opportunity then I will snaffle a few more at a similar price (hoping for weakness in a couple of weeks) as I think the FD buying indicates there's not likely to be bad news in the pipeline?cheers
mnamna
22 May 2015
FD splashes out on more shares I notice that the FD has bought more shares paying 15.3p and increasing his holding by about 50,000 to around 220,000. Not a huge buy or holding - more a point of interest that the FD sees good value at 15.3p ?Should I get the opportunity then I will snaffle a few more at a similar price (hoping for weakness in a couple of weeks) as I think the FD buying indicates there's not likely to be bad news in the pipeline?cheers
mantrova
08 Apr 2015
16p paid, today... ....for under 15k of shares.I can't see any broker forecasts anywhere, for Airea. It would be useful for N+1 Singer to put something out.m
mantrova
02 Feb 2015
Re: Waffle Hi Tb!You were outside the current v low NMS of 5000 shrs, where within that, L2 is showing 13.5p v 15p. 20k total each side, but over 4 mm's. Yes, I realise that is unworkable.All the bestm
The buzz
26 Jan 2015
Waffle I had a look at the results out today for CFX. They trade in upmarket fabrics, sofas and decorating. It made sobering reading for trading in Europe and there were concerns re mansion tax etc in the UK. AIREA trades in upmarket carpets and must have similar challenges - and it is not helped by the weakening of Euro.The AIREA share price has held well after the miserable uptake for the 12.25p share buy back offer. However, I decided to sell a small dollop of 8634 shares at 13.57p this morning and was surprised that the spread went from 13-14.5p to 13-14p on such a small trade.The B
mnamna
29 Dec 2014
How to Value AIEA? Seasons Greetings!I've taken a quick look at the expected uplift in eps caused by the tender offer. The buy back if successful represents around a 22% reduction in the number of shares. Should we expect the share price to bound upwards by 22% post a successful Tender? Hard to say? Trading in the shares is illiquid at best? and the spread is wide. But its not trading above the price it achieved in the middle of the year. But this takes no account of any improvement in trading and profits for the year. We should get H1 figures in February and a reversal of the decline in H1 last year is expected by the management. Coming on top of the tender off this might make for a significant rise in the share price?Of course that depends upon current management expectations being met and no bombshells - the pension fund makes me nervous and is the elephant in the room? I would not be suprised to see the pension fund payments increase and at 400k annually they make a sizeable dent in AIEA's profit and cashflow. Conclusion - AIEA is a cheap share - but for a reason. It's a tiny microcap too small to interest institutional investors and the size and risk of the pension fund deficit seems to put off many private investors. Balanced against the pension fund is the surplus property - which the pension fund now has a mortage extending to 1.25 Million on. They may eventually sell the property for development and the funds could go some way to reducing the future size of the pension deficit - if it doesn't keep growing!The tender offer is an interesting play on leverage of future improvements in profitability of the company. If you believe that the company profitability will match or exceed the management expectations at H1 then on the reduced number of shares we could be looking at 2p eps for the year? On that basis I'll be looking to buy a few more in the next week or two if I can get in at a reasonable spread?cheers
Biscuit Barrell
15 Dec 2014
Re: Carpetright - Improving Customer Spending Call me a cynic but........With consumer spending picking up, it would be a perfect time for management to recommend shares are taken off the market. Management stake increases and is then perfectly placed to benefit from a rising share price as the business finally recov
The buzz
15 Dec 2014
Carpetright - Improving Customer Spending Today's RNS from Carpetright has the following comment:-"Carpetright's said that whilst the retail environment in the UK continues to be challenging, improving economic data has begun to feed through into consumer confidence and this is being reflected in consumer spending in our categories."
mnamna
04 Dec 2014
Re: 12.25p Share Buy Back of 21.6% Share... Thanks for the reminder of the good old Sirdar days!made a small topup yesterday. I agree with you that it's unlikely that Airea will decide to make share buybacks instead of purchases but no harm in stating my case - and I don't always see share buybacks as a good thing - rarely the case.cheers
mantrova
03 Dec 2014
Re: 12.25p Share Buy Back of 21.6% Share... Hi Tb...re; no div - I think I may have mentioned previously that I think you are doing it against the wind.Lots of small investors in the old Sirdar bought the stock for income and still have it as a recovery stock for that reason. Also there are close to the company weighty long term holders, for the same reason. Sirdar was also widely held by older textile industry folk as part of their "pension fund"....that number no doubt now being reduced by age attrition.Looking back I can see divs rec'd of over 5.6p/share/year....nice!Presumably the sub-12p sales today have been prompted after seeing the dividends cheques, but only by a few holders.Best wishesm
The buzz
03 Dec 2014
Re: 12.25p Share Buy Back of 21.6% Share... I have just read some of the small print. As I read it the directors will not be selling any of their 4.78m shares. So that means that there will be 10.0m shares bought out of a pool of up o (46.24-4.78)m shares. ie 24.1% instead of the headline 21.6%. So one should be able to sell a minimum of about 1 in 4 shares.I am not sure if selling makes so much sense if one has a reasonable share holding and trading is improving. A valuation of £5.7m with a turnover of about £25m sounds a bit low to me.The B
The buzz
03 Dec 2014
Re: 12.25p Share Buy Back of 21.6% Share... Hi mnamna,Thanks for the update. I was dashing out so had not spotted the "Background to and reasons for the Tender Offer" section at the bottom. Yes, technically they are using their own cash, but they also need an overdraft so that they have enough cash, so to my mind they have taken out an overdraft so that they can buy back the shares. It makes one wonder what it costs AIEA for each shareholder on its books?Last year I voted against the dividend at the AGM. I also voted again by post this year. I would much prefer share buy backs/ higher bank balances while trading is challenging.( cf CFX who have been steadily buying back shares over the years and there are now far fewer CFX shares). Had the very generous dividend been used to buy back shares, then we would not have paid tax on the dividend and the overdraft would have been smaller.Very pleased to hear that the improved trading conditions continues:-"The trading environment has been in line with the expectations expressed in the results statement."Again it makes me wonder if the current market price for the shares is too low.The B
mnamna
03 Dec 2014
Re: 12.25p Share Buy Back of 21.6% Shares Hi Buzz,the purchase is to funded by cash - but the overdraft will be used to fund future working capital needs of the company. At the same time the co confirms that the improved trading of H2 last year has continued into H1. Looks like the pension fund got a bit shirty at the co going into debt and has demanded a mortgage against Osset mills - the vacant property. make of that what you will?The reduction in shares will cause an increase in share price as eps rises - and perhaps start to lift this out of penny share category and onto traders horizon's, that may also make shares more liquid in the future? I must say that with such a small market cap I'd prefer them to buy back shares than pay a dividend in the medium term,cheers
