Angling Direct (ANG)

Sector:

Retailers

Index:

FTSE AIM All-Share

 63.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 87.50p
  • 52 Week Low: 57.50p
  • Currency: UK Pounds
  • Shares Issued: 64.62m
  • Volume: 0
  • Market Cap: £41.03m
  • RiskGrade: 158
  • Beta: 0.18

Angling Direct snaps up Leeds-based retailer Erics Angling Centre

By Iain Gilbert

Date: Wednesday 16 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Fishing tackle and equipment retailer Angling Direct acquired Leeds-based Erics Angling Centre on Wednesday in a deal worth up to £1.1m.
Angling Direct believes the acquisition of Erics, which has two stores located in Farlows Lake and Leeds, will accelerate the progress of its newly opened Leeds store, reducing the expected pay-back period by consolidating the local retail offering

The Farlows Lake location will be re-branded as an Angling Direct store, while the Leeds business will be migrated over to the AIM-listed firm's new destination store at City South Retail Park, less than four miles away.

Erics' online and mail order operations, which represent roughly 30% of the group's £5.2m of annual revenues will be closed and integrated with Angling Direct's online retail and distribution operations in Norfolk.

Following the integration of Erics, Angling Direct will have 31 stores in England.

Chief executive Darren Bailey said: "The board is delighted to have acquired this business, which we believe will have a positive impact on our future trading performance over both the short and medium-term."

As of 0930 BST, Angling Direct shares had ticked up 0.79% to 59.97p.

Email this article to a friend

or share it with one of these popular networks:


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 63.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 87.50p
52 Week Low 57.50p
Volume 0
Shares Issued 64.62m
Market Cap £41.03m
Beta 0.18
RiskGrade 158

Angling Direct Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
16.92% below the market average16.92% below the market average16.92% below the market average16.92% below the market average16.92% below the market average
28.3% below the sector average28.3% below the sector average28.3% below the sector average28.3% below the sector average28.3% below the sector average
Price Trend
58.33% below the market average58.33% below the market average58.33% below the market average58.33% below the market average58.33% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Income Not Available
Growth
15.22% below the market average15.22% below the market average15.22% below the market average15.22% below the market average15.22% below the market average
5.45% above the sector average5.45% above the sector average5.45% above the sector average5.45% above the sector average5.45% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_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 --2019

Time Volume / Share Price
0 @ 0.000p

Angling Direct Key Personnel

CEO Darren Ian Bailey
Finance Director John Ian Lindsay Hunter

Top of Page