Member Info for Argylerich

Even better the current trading! Up 17% Q1 !!

All eyes to the margin when we get the full H1 results, with MyAD and Advanta they should be able to cope with the other cost increases well whilst competitors falter.

On track to bust market expectations this year and bring in their first medium term target of £100m revenues somewhat early.

Seems to be slowly moving to the positive here. About time too.

Retail on the macro has proven better than the gloomsters and the sun has been out starting the fishing season much earlier then usual.

Wavering PIs have been vacuumed up by the buyback, now all we need is a positive TU next week.

Https://x.com/CrystalAmberRB1/status/1912531086812258647

And turned away...http://lse.co.uk/rns/DLAR/response-to-press-speculaion-wmmoroqm4joectj.html

Sold 1/3 myself, never spurn a banked profit ;-)

Kleinman does get a duffer now and again (AVAP a month or 2 ago).

Bidding continues, in micro steps...hTTps://news.sky.com/story/financier-truell-prints-new-offer-in-battle-for-banknote-firm-de-la-rue-13349190

Https://x.com/MarkKleinmanSky/status/1911850246365130961

They're snowed under with bids... ;-)

It was an autotrade, just MMs testing stops.

According to the Company Investors page, 68,589,041 shares are held by holders over 3% which only leaves 7,395,263 shares left available to purchase from PIs ???

Richard Bernstein

@CrystalAmberRB1

A microcosm of the inertia within UK mid-caps with De La Rue's update. Since September, the order book has jumped from £252m to £347m, there's significantly higher growth than guided in November and there are ongoing discussions which may lead to cash offers- plural.

The share price: unchanged at 121.5p!

Unless we see capital reallocated to UK companies, many more bids for UK plc are inevitable. Our price target for De La Rue has been 150p but with today's update and the potential for a bidding war, that may prove to be conservative.

Courtesy of Z1CO on advfn:

positive article in the Daily Mail market report

STOCK WATCH

https://www.thisismoney.co.uk/money/markets/article-14439845/MARKET-REPORT-Pets-Home-bid-talk-gets-investors-tails-wagging.html

Retail is so out of fashion ATM, it may still take time for these to really get noticed.

In the meantime the buyback will hoover up the impatient.

21st February last year, due any day now.

Buyback functioning again now pricing has returned within criteria.

Italian, yup, absolutely shocking (you can compare it by searching any other term like 'plumbers' or even 'retail' and notice the difference).

As Dave's example also shows, expansion by consolidation too.

Cheers Dave , saw the co on CH but couldn't link it to their operations address.

These micro accounts don't publish turnover etc but at a guesstimate they'd have to be £5-7m pa.

Another case of expansion by consolidation for them too.

Times ahead are going to get even tougher but that's good for the big players and those fleet of foot in the long run.

Italian, I tried to find the accounts of "Total Fishing Tackle" yesterday but couldn't find a match. I did find that they were a one shop operation located at a set of lakes in Essex though. Not exactly a threat to a company of ADs size that creates it's extra margins through its own brand products.

What I did find (which backs up what AD management have been saying for years) is the simply stunning amount of small tackle retailers going bust. Just put in any Fishing related search term into Companies House (i.e. 'Fishing Tackle ') and look at the percentage that are Dissolved.

Dave is right about the forthcoming storm for retailers omiting the rise in business rates and packaging taxes though, but what he's missing is the effect on a sector when this happens, which is always consolidation towards the major player i.e. AD.

Competition out there is falling apart slowly but surely, while AD is heading towards £100m.

Fishing Republic used to be a threat but went under at only £10m turnover. It doesn't even have it's own website anymore, it's just part of Go Outdoors and will likely be killed off soon as it's too niche for their new owner JD (it doesn't get a single mention in JD's annual report).

Smaller retailers have been selling up to AD when they see what's coming.

The future is tough, but it's consolidation and AD is benefitting.

Thanks Martyn. Certainly woke up this sleepy hollow.

Is going on here this morning? Tipped somewhere or something???

And CA sold out a chunk for 1.15!