George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
MMs constantly going for stop losses to gain shares to fill an order. Unable to buy. Excellent rns today.
Great response in the SP today.
Amazing to think this was over 200p not that long ago! Going to be a great growth story over the next few years and that's if it doesn't get brought out.
I'm a big TED fan, been buying their clothes for years and nothing changed. Still great quality product.
Ted Baker PLC, up 15% at 100.90 pence, 12-month range 79.60p-217.60p. The fashion retailer reports robust sales growth and improved margins in its fourth quarter. Ted Baker says group sales in its fourth-quarter that ended January 29 increase by 35% compared to the same period a year before and by 18% from those reported in the third quarter. Ted Baker adds that trading margins improved by more than 350 basis points across all channels. The company is confident in achieving free cash flow of GBP30 million and an earnings before interest, tax, depreciation, and amortisation margin of 7% to 10% in the new financial year.
Most Important in the Statement:
The company is confident in achieving free cash flow of GBP30 million and an earnings before interest, tax, depreciation, and amortization margin of 7% to 10% for the financial year.
"The strong improvement in trading margin is encouraging, along with the increase in full-price sales mix, demonstrating the progress we're making as Ted reestablishes its premium brand positioning."
(Alliance News) - Ted Baker PLC shares jumped on Wednesday after the company reported robust sales growth and improved margins in its fourth-quarter.
Shares were trading 17% higher at 103.00 pence each on Wednesday in London.
The London-based luxury clothing retailer said group sales in its fourth-quarter ended January 29 increased 35% compared to the same period a year before. Sales also rose 18% from those reported in the third quarter.
Ted Baker added that trading margins improved over 350 basis points across all channels.
During the second half, its full-price sales mix was up over 800 basis points.
Ted Baker's liquidity at year-end was "strong" with positive net cash of GBP3.0 million. The company also has a bank facility of GBP80 million in place.
Nonetheless, Ted Baker said that it is making good progress with its transformation plan to establish itself as a premium brand and reiterated its guidance for financial 2023. The company is confident in achieving free cash flow of GBP30 million and an earnings before interest, tax, depreciation, and amortization margin of 7% to 10% for the financial year.
"We continue to make good progress with our transformation and despite the impact of Omicron on the quarter, were pleased to deliver group sales up 35% compared with last year," Chief Executive Rachel Osborne said.
"The strong improvement in trading margin is encouraging, along with the increase in full-price sales mix, demonstrating the progress we're making as Ted reestablishes its premium brand positioning."
By Abby Amoakuh; abbyamoakuh@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
With today's RNS I would have expected the share price to soar to where it was last Summer.I feel that there was a significant amount not said in the release the negative trading amonts were explained due to transfer from retail to licence and HofF move from retail to wholesale.It would have been nice to see what effect that was on total sales.The profit improvement from these two moves which most probably is quite large and that is why they have done it would also be of interest.I feel they are just putting away a lot of good news for the future.I think they most probably could be taken over by then
Ted Baker shares jump on fourth-quarter sales growth, improved margins
Wed, 23rd Feb 2022 10:57Alliance News
Good to see the focus on higher margin sales. One big issue is that the web site is distinctly down market and years behind competitors such as Hugo Boss. The menswear is particularly bad with ill fitting clothes, poor photography, boring layout and models you are more likely to see in an old store catalogue.
It’s also very clunky in that the drop down menus showing sizes and availability are ‘painful’ to read.
Old one is probably a ***** and toxic.
Kiss up to your old GF. And a big ol' Jag is fine. ;^}
Let's do a push so that Sam can get a new GF. Let's help out a mate.
To me the RNS was good and it appears they put an effort into the way they communicated the news and was also better worded than previous comms. However I still believe they can make improvements on their comms. I.e. the following in my mind is in wrong order:
'Accelerating sales growth with significant improvement in full price mix. Net cash achieved at year-end and FY23 targets reconfirmed
Ted Baker Plc, the global lifestyle brand, today provides an update on trading for the 12 week period from 7 November 2021 to 29 January 2022. All figures in the text refer to 12 week versus 12 week comparison, given the 53rd week last year.'
Good to know that they are still on top of their strategy, even with all the headwinds being thrown at the company.
Heavily invested in this one. Need 1.35 to breakeven. 1.60 buy a new car. 1.90 new GF.
Great to see TED still resonates with world consumers after COVID changed so many mindsets in so many ways, not least ways of working. A strong management team turning the ship around and a solid customer base still largely loyal to the brand is a very encouraging position to be in post-pandemic. They'll obviously want to expand the customer pool demographics going forward but this could be the genuine recovery for TED
https://www.investing.com/news/stock-market-news/ted-baker-fourthquarter-sales-jump-35-2769841
I only read the results as astounding good considering. GLA. Be nimble as ever.
Article from 21st Feb2022
https://www.fool.co.uk/2022/02/21/id-double-my-money-with-this-ftse-stock-according-to-city-analysts/
OK fool is as much wrong as it is right- however, it says what it says
Yes Knowbodyyouknow- I read is as turnaround pre Omicron hit, the RNS was well worded (for once) I think. Clearly COVID now is off the table (touching wood, fingers crossed etc).
Through the worst of it now and standing on their own two feet whilst still making business improvements.
This year we have back to work and a massive increase in weddings which will help drive TED into a very good 2022.
Not bad results didn't know if the market would like them or not, it should be onwards and upwards now, could do with some good news with BOO now.
Yes, I was slightly concerned the Omicron comment might be the headline this morning, but it has been eclipsed by the 35% sales increase. I also think their note about cash, liquidity will have eased any (unfounded) concerns about the need to raise cash.
All in all, a good update.
SHOULD re-rate this week (although, the market tends to do the opposite)
DYOR
On reading, I think they did well putting in the RNS that all was going well until Omicron hit (which we know was temporary, and would have caused an impact on sales). Good comms.
Let's hope the market continues to read it this way, lots of people will be buying Ted stuff for occasions.
Seems to be pleased with that update.
Short-term it seemed a bit mixed to me, but long-term this seems to be well on track.
Fingers crossed she holds on to any gains today.
GLA
In this market, just needs to be steady as she goes and it will beat all expectations.
How we’ll be punished if it’s negative in any small way.
Good luck all.
Yep- good luck all holders :-).
...Hopefully update 2mr will beat epectations...GL All OF