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

Expansion plans pay dividends as Angling Direct's profits surge

By Abigail Townsend

Date: Monday 08 Oct 2018

LONDON (ShareCast) - (Sharecast News) - Angling Direct, the UK's largest fishing tackle specialist, saw revenues and profits jump in the first half of the year.
Revenues were £21.9m in the six months to 31 July, ahead 56% on the same period last year, while gross profits were up 53% at £7.2m. Pre-tax profits came in at £570,000 against £90,000 in 2017.

Like-for-like sales rose 4.2%, despite a 1.2% drop in footfall due to the adverse weather early in the year, while online sales jumped 60% to £11.7m.

The Aim-listed group now has 23 stores.

Chairman Martyn Page said it had been a "highly successful" period: "We have executed on our strategy to develop a strong pipeline of new store openings and acquisitions and remain on track to meet our full-year targets. Our online business has been developing at an exceptional rate and we successfully launched our first international website in Germany.

"Further international expansion is expected to take place, with websites for France and Benelux being developed for the second half of this year."

Chief executive Darren Bailey added: "The group continues to invest in future growth, both online and in-store. We will continue to review costs and improve operational efficiencies and margins.

"We believe that the platform we have established and the experience we have gained will enable us to achieve robust and sustainable growth."

Email this article to a friend

or share it with one of these popular networks:


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

Top of Page