Angling Direct (ANG)

Sector:

Retailers

Index:

FTSE AIM All-Share

36.00p
   
  • Change Today:
      0.50p
  • 52 Week High: 45.00p
  • 52 Week Low: 33.50p
  • Currency: UK Pounds
  • Shares Issued: 77.27m
  • Volume: 57,350
  • Market Cap: £27.82m
  • RiskGrade: 167

Angling Direct posts solid first-half growth

By Josh White

Date: Monday 09 Oct 2017

LONDON (ShareCast) - (ShareCast News) - The UK's largest specialist fishing tackle and equipment retailer Angling Direct issued its unaudited financial results for the six months to 31 July on Monday, reporting group revenue of £14.08m - an increase of 39.2% year-on-year.
The AIM-traded company said gross profit in the period was £4.73m - up 35.3% - with EBITDA rising 72.6% to £0.93m.

Net cash and cash equivalents as at 31 July stood at £4.10m, the board said.

During the period, the company successfully listed on AIM with an associated placing, which the board said strengthened the balance sheet for future expansion and growth.

On the operational front, the board reported online sales were up 67% to £6.57m, while bricks-and-mortar store sales rose 38% to £6.20m, including like-for-like store growth of 10%.

The company made "continued investment" in online marketing, logistics and distribution during the period, it claimed.

It opened a new 4,000 square foot store in Swindon, with further new store openings in Slough and Stoke expected before the end of the financial year.

Since the period ended, the company made a £3.0m acquisition of the fishing tackle store Fosters of Birmingham, as it announced on 2 October.

"We are delighted to announce Angling Direct's first maiden set of results as a quoted company in respect of the six month period to 31 July 2017, demonstrating further growth across our network of stores and online," said executive chairman Martyn Page.

"Following our admission to AIM in July 2017, we have developed a strong pipeline of new store openings and acquisitions, and we look forward to another period of strong growth in the second half of the year.

"I would like to thank my fellow directors and the whole of the Angling Direct team for their efforts over the interim period and for seeing the Group through its highly successful IPO."

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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.

 

Angling Direct Market Data

Currency UK Pounds
Share Price 36.00p
Change Today 0.50p
% Change 1.41 %
52 Week High 45.00p
52 Week Low 33.50p
Volume 57,350
Shares Issued 77.27m
Market Cap £27.82m
RiskGrade 167

Angling Direct Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
31.13% below the market average31.13% below the market average31.13% below the market average31.13% below the market average31.13% below the market average
57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average
Price Trend
27.62% above the market average27.62% above the market average27.62% above the market average27.62% above the market average27.62% above the market average
19.05% above the sector average19.05% above the sector average19.05% above the sector average19.05% above the sector average19.05% above the sector average
Income Not Available
Growth
50.98% above the market average50.98% above the market average50.98% above the market average50.98% above the market average50.98% above the market average
76.19% above the sector average76.19% above the sector average76.19% above the sector average76.19% above the sector average76.19% above the sector average

What The Brokers Say

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

Angling Direct Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
16:13 15 @ 35.36p
14:59 111 @ 36.02p
11:22 10,000 @ 37.00p
08:19 10,000 @ 36.70p
08:18 500 @ 37.00p

Angling Direct Key Personnel

CEO Steven Crowe

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