Appreciate Group (APP)

Sector:

Financials

Index:

FTSE AIM All-Share

 23.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 46.00
  • 52 Week Low: 22.60
  • Currency: UK Pounds
  • Shares Issued: 186.35m
  • Volume: 0
  • Market Cap: £42.86m
  • RiskGrade: 306
  • Beta: 0.74

Appreciate warns trading weaker than expected

By Sean Farrell

Date: Tuesday 29 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Appreciate said trading so far in 2021 was weaker than expected as the retail and rewards group reported an 83% drop in annual profit caused by Covid-19 disruption.
Pretax profit for the year to the end of March fell to £1.3m from £7.7m a year earlier as revenue dropped 5.2% to 106.8m. Excluding £1.1m of redundancy and other costs, pretax profit before exceptional items fell to £2.3m from £11.4m.

Appreciate said trading in the first 12 weeks of this financial year was slower than expected as customer sending stayed unsettled by the pandemic. The Christmas savings order book was affected by social distancing measures and higher levels of unspent vouchers.

The AIM-traded company said it was working to recruit Christmas savings customers but that orders were expected to be down 14% compared with an 11% reduction it forecast in April. Appreciate shares fell 14.4% to 33.8p at 10:26 BST.

Ian O'Doherty, chief executive, said: "Whilst there is optimism following the success of the vaccine rollout, uncertainty about the speed at which normal levels of activity will return remains. Despite a slower than anticipated start to the new financial year, we expect a recovery for the year overall with an increasing benefit from the investments and innovations we have made over the last two years."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

APP Market Data

Currency UK Pounds
Share Price 23.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 46.00
52 Week Low 22.60
Volume 0
Shares Issued 186.35m
Market Cap £42.86m
Beta 0.74
RiskGrade 306

APP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.70% above the market average95.70% above the market average95.70% above the market average95.70% above the market average95.70% above the market average
96.90% above the sector average96.90% above the sector average96.90% above the sector average96.90% above the sector average96.90% above the sector average
Price Trend
91.2% below the market average91.2% below the market average91.2% below the market average91.2% below the market average91.2% below the market average
92.75% below the sector average92.75% below the sector average92.75% below the sector average92.75% below the sector average92.75% below the sector average
Income
90.33% above the market average90.33% above the market average90.33% above the market average90.33% above the market average90.33% above the market average
79.22% above the sector average79.22% above the sector average79.22% above the sector average79.22% above the sector average79.22% above the sector average
Growth
93.59% below the market average93.59% below the market average93.59% below the market average93.59% below the market average93.59% below the market average
96.64% below the sector average96.64% below the sector average96.64% below the sector average96.64% below the sector average96.64% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

APP Dividends

  Latest Previous
  Interim Final
Ex-Div 24-Feb-22 26-Aug-21
Paid 06-Apr-22 01-Oct-21
Amount 0.60p 0.60p

Trades for --2021

Time Volume / Share Price
0 @ 0.000p

APP Key Personnel

CEO John Sullivan (Ian) O'Doherty

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