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Nasty...at least they can start closing some of those shops.
Profit warning is never good news..
Big seller started, maybe a director?
Trouble is, lower this goes, the harder it will be to ask for more cash next year off share holders..
Trouble is, lower this goes, the harder it will be to ask for more cash next year off share holders..
Obviously works..
Uses the same style on nearly every board he posts on....
TDinvestor, I think we should ignore Peaky and his ilk. He clearly has an agenda to bash ANG. He repeatedly posts negative comments but refuses to answer simples questions. I've asked him twice whether his online price for hooks included P&P and he's failed to respond. He's not interested in any discussion. Ignore.
Yeah, there's obviously risk in the future for sure - true of most retail in the UK tbf. But that's different to what you guys have been suggesting above, which is that there is evidence of problems in shops already - that isn't born out by what the company said a few weeks ago and isn't my own personal experience either. The real crunch for retail may well come over the winter with higher fuel bills and xmas trading potentially disrupted, but with Ang the key selling period is now and the weather is good (which is v important), fuel bills are (relatively) manageable and so I don't see cause for immediate concern ahead of H1 results in August. The SP drop obviously suggests some people are worried, which is fair enough given what's going on with the macro, but the volume is tiny (down 55% 10d / 3m) so I'm not reading too much into it. As the company said a few weeks ago, it's not immune from the cost of living crisis, but people are reluctant to give up their main hobby/pastime and it is a very affordable sport, compared to lots of others. If you sell now at these prices you're guaranteed to be taking a loss, or you can wait it out and hope that only 1 year of numbers is impacted - in the medium/long run, the challenges ahead may take out the weakest independent traders and give ANG more of an advantage with its scale and cash resources. We'll see.
SP downtrend is focused on the future, not just the start of the year.. Overs obviously agree there's serious risk here, or SP wouldn't drop due to selling..
People will clearly cut back in hard ecenomic times, and feeding the family is more important than new fishing equipment??
There's a bit of Private Frazer about your posts, don't you think andybm3/Peaky? I mean you guys always think everything is doomed, doomed. In contrast, the outlook statement from the full year results as published just less than 6 weeks ago was "cautiously optimistic" for the future - I'm not sure you guys have seen it? For example, it said, "Our first quarter of the new financial year has seen growth trends which are broadly in line with our expectations having annualised significant prior year post lockdown peaks." No sign there of any difficulties. Next update due for H1 around 18 August or so I understand.
Got to agree with Peaky , I"m in the fishing trade myself and can tell you first hand that trade is down and it's countrywide . I think mid 30's if trade doesn't improve is going to be best case , I think it could be lower and if it goes sub 30 then it's crunch time .
If you are worried you could contact the management team and ask them whether they intend to suddenly reverse what they said recently and start closing stores rather than opening new ones? Let us know what they say, if you do. I haven't seen any stock level issues at my local store by the way, and busy as ever.
Yes, they seem to be cutting back on stocks, which will mean a reduction in footfall and sales. I'm wondering if they may close a few stores?
On paper a strong company, but let's see how it copes with downturn. I still think this will be mid 30s by October.
Keeping an eye on this, but just been to hessle to buy some gear.1 boat rod and no multipliers of any descriptions, they need to up there game, even my lad said that place should be rammed with gear , local tackle shop we use is an aladin cave stop trying to be a shop and more an emporium, probably spelt wrong hey ho off fishing