Angling Direct (ANG)

Sector:

Retailers

Index:

FTSE AIM All-Share

34.47p
   
  • Change Today:
    -0.53p
  • 52 Week High: 45.00
  • 52 Week Low: 33.50
  • Currency: UK Pounds
  • Shares Issued: 77.27m
  • Volume: 38,245
  • Market Cap: £26.64m
  • RiskGrade: 167

Angling Direct completes Brexit-proofing as Dutch warehouse opens

By Josh White

Date: Wednesday 16 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Fishing tackle and equipment retailer Angling Direct announced on Wednesday that its new European distribution centre was now fully operational, and shipping to customers across the European Union.
The AIM-traded firm said the opening of the 3,940 square metre facility in Venlo, the Netherlands, was a "significant milestone" in its international omni-channel growth strategy.

It said the facility would provide logistical capacity to support future growth, and would help to mitigate increased export costs and extended customer fulfilment times post-Brexit, which had impacted its recent periods.

The new facility would stock more than 18,000 stock-keeping units (SKU) from over 80 suppliers, tailored specifically for the company's European customers, and enable it to offer priority delivery across the EU.

Angling Direct's management was now focussed on optimising its European growth strategy, the board said, supported by its international commercial team.

"We are delighted to have opened our new European distribution centre and to be delivering products to customers across this strategically important region," said chief executive officer Andy Torrance.

"We see a significant opportunity to continue to grow our market share and European expansion remains a key pillar in the company's growth strategy.

"As a result, this new facility will help us accelerate delivery of our strategic plans in a more cost and time efficient manner."

At 1251 GMT, shares in Angling Direct were up 11.58% at 53p.

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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 34.47p
Change Today -0.53p
% Change -1.50 %
52 Week High 45.00
52 Week Low 33.50
Volume 38,245
Shares Issued 77.27m
Market Cap £26.64m
RiskGrade 167

Angling Direct Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
28.12% below the market average28.12% below the market average28.12% below the market average28.12% below the market average28.12% below the market average
56.1% below the sector average56.1% below the sector average56.1% below the sector average56.1% below the sector average56.1% below the sector average
Price Trend
41.08% above the market average41.08% above the market average41.08% above the market average41.08% above the market average41.08% above the market average
38.10% above the sector average38.10% above the sector average38.10% above the sector average38.10% above the sector average38.10% above the sector average
Income Not Available
Growth
50.76% above the market average50.76% above the market average50.76% above the market average50.76% above the market average50.76% 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 22-Nov-2024

Time Volume / Share Price
09:19 3,837 @ 36.45p
09:19 25,000 @ 36.50p
09:00 2,992 @ 34.00p
09:00 2,992 @ 34.00p
08:02 7 @ 37.00p

Angling Direct Key Personnel

CEO Steven Crowe

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