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Fishing Republic lands second acquisition: 'Fantackletastic'

Mon, 05th Sep 2016 11:16

(ShareCast News) - Tackle retailer Fishing Republic has completed its second acquisition since listing, using £150,000 of its recent £3.75m placing to buy the Fantackletastic store in Lincolnshire.The purchase becomes the north of England-focused group's 11th outlet and provides its first presence in the East Midlands, adding a well-established store of 4,000 sq ft close to Lincoln city centre.Fantackletastic, whose owner will leave the business after completing the handover, generated revenues of roughly £0.4m and an operating profit of circa £40,000 in the year to 31 March this year."It is a long-established business, with a loyal customer base, and fits our 'destination store' model," said group chief executive Steve Gross.He added that the board continued to evaluate opportunities to increase the group's footprint across the UK.After floating with £1.5m of new funds in June last year, in December Fishing Republic completed its first acquisition, purchasing Cotswold Angling near Swindon to add its first presence in the south, while also adding greenfield openings in Birmingham, Crewe and Hull.Near the first anniversary of its IPO, the company raised a further £3.75m at 35p a share from investors including ex Tesco CEO Sir Terry Leahy and noted investor Bill Currie.Shares in Fishing Republic were down 2.4% to 40.5p by 1115 BST on Monday.
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21 Jan 2019 13:00

Fishing Republic Shares Cancelled From AIM Trading (ALLISS)

LONDON (Alliance News) - The shares of Fishing Republic PLC were cancelled from trading on AIM on Monday after the business was sold to an unconnected third party back in December.In the as

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12 Dec 2018 17:08

Fishing Republic Expects Administrator Appointment In Next Few Days

LONDON (Alliance News) - Fishing Republic PLC on Wednesday confirmed it expects administrators to be appointed within the next few days.Last week, Fishing Republic filed an application to

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6 Dec 2018 18:17

Fishing Republic To Appoint Administrators As Fails To Find Funding

LONDON (Alliance News) - Fishing Republic PLC on Thursday said it will not be able to raise sufficient funds for its immediate and future working capital requirements.The stock was from on

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30 Nov 2018 13:07

Fishing Republic Considers Sale Of Operating Businesses As Seeks Funds

LONDON (Alliance News) - Fishing Republic PLC on Friday said it is considering the disposal of some or all of its operating business as a result of a "difficult trading the end of September,

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17 Oct 2018 15:10

New Fishing Republic CEO won't take up role as firm flounders

(Sharecast News) - Fishing Republic updated the market on its new chief executive officer on Wednesday, confirming that Daniel Quinn would no longer be taking up the role.

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17 Oct 2018 11:36

Fishing Republic Postpones Arrival Of Incoming Boss Daniel Quinn

LONDON (Alliance News) - Fishing Republic PLC on Wednesday said incoming Chief Executive Daniel Quinn will not yet be joining the company.Quinn has agreed to "assist in assessing for

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16 Oct 2018 15:05

UPDATE: Fishing Republic Shares Suspended In Lack Of Funding (ALLISS)

LONDON (Alliance News) - Fishing Republic PLC shares were temporarily suspended from trading on AIM on Tuesday afternoon as the company awaits clarification of its financial position.The as

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16 Oct 2018 14:27

Fishing Republic Shares Suspended From Trading Pending Announcement (ALLISS)

LONDON (Alliance News) - Fishing Republic PLC shares were temporarily suspended from trading on AIM on Tuesday afternoon pending an announcement from the company.

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27 Sep 2018 10:10

Fishing Republic Interim Loss Deepens On Closures, New Boss Hired

LONDON (Alliance News) - Angling retailer Fishing Republic PLC said Thursday its loss widened as sales dropped on store closures and one-off costs dragged losses lower, while it has also appointed

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27 Sep 2018 09:45

Fishing Republic losses widen in 'year of transition'

(Sharecast News) - Fishing Republic saw revenues dry up and losses widen in the first six months of its trading year.

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29 Jun 2018 13:46

Fishing Republic Secures Loan For "Busiest Part Of Fishing Season"

LONDON (Alliance News) - Fishing Republic PLC said Friday it secured a GBP500,000 loan from existing shareholders.The loan is charged at 9% per year and it is repayable after one company it

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30 May 2018 09:43

Fishing Republic Shares Slide As It Swings To Loss Ahead Of Turnaround

LONDON (Alliance News) - Fishing Republic PLC on Wednesday said 2017 revenue fell short of expectations as it swung to a loss ahead of its turnaround plans for the coming year.Shares in the

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24 May 2018 16:11

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 25 May SSEFull Year ResultsWestminister GroupFull Year GroupFull Year 28

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22 Sep 2016 10:44

Fishing Republic reels in profit guidance for full year

(ShareCast News) - Fishing Republic's landed a healthy set of interim results to June but endured a quieter July and August and said its profit for the full year would be lower as it invested in expanding its store network. The fishing tackle retailer, where ex-Tesco chief Sir Terry Leahy is a non-e

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22 Sep 2016 07:49

Fishing Republic Warns Of 2016 Profit Miss Due To Investment Ramp Up

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