Excellent Results - a nice surprise on the dividend - have added a few more, It looks as though recent aquisitions are taking effect!

dikytree.

Chairman buying shares!

dikytree

going down quicker than prostitutes knickers

Looks like they need to tighten up on their credit control:
"However, in early April, it became clear that collection rates and hence the level of bad debt in our credit Home Shopping business for the month of March would materially impact on the results for the year."
Maybe worth watching for a recovery???

Harry is this the company which was involved in the Christmas club savings scandal?

Not sure about that, but the name may have changed.

"The directors are recommending a final dividend of 17.5p per share (2007: 15.6p) a 12% increase over last year. Subject to approval, this will be paid on 8 July 2008 to shareholders on the register on 6 June 2008."
At the current share price that represents 7.5%, which is not too bad, but how much further will the sp fall in the meantime?

Yes they used to own Home Farm Hampers which was a Christmas savings club.

Apart from a slight blip in 2003, FDL has not dropped below 200p since 2000, so this may be worth watching for a possible recovery. I confess I have done very little research in the fundamentals of this company, but the chart is certainly worth a look, imo.
Current brokers forecast consensus is 'Overweight' with a target price of 437p.

Halifax: Findel had nothing to do with that Christmas club scandal. I only know them from the education supply side. At one time they had huge problems integrating a couple of companies and their quirky computer systems, but things have moved on since then. Still, glad they're no longer responsible for sending me my royalty cheques - looks like they could be struggling!

farepak was the name for the hamper scandel which was owned by kleeneze,
the co went bust but findel brought kleeneze home shopping from the liquidators leaving farepak with the liquidators.

is this worth buying into from collapse?

This one going from strength to strength now. ;-0

170p anyone?

Sneaky little breakout going on? ;-)

Nice UT. ;-))

Volume speaks voulmes. ;-))

Interesting morning

this is a dog of a share!!!

It is this morning, but it wasn't yesterday or for many weeks prior. ;-))

and what about previous year.......err, most people buy shares and then have a life......they dont watch a screen all day.......virtualy everyone barring last few weeks then or 2 or so months has made a big loss on this one

as i said, this is a dog of a share, thankfully i dont have it

Most people makes losses then, don't they? ;-))

I look for the news most mornings and sold my holding in the SIPP at just over 134p for a very handsome profit (no it didn't show on the trades). I'll not divulge what I did next, but suffice to say there was more money to be made Friday. ;-)))))

You don't need to watch all day, but you do need to keep an eye on things otherwise you'll get screwed. Buy and hold is NOT the way to go. ;-)))

i dont know about averages between long term holds but when company goes up then the trend stays for long time usually.....look for good management which is hard thing in any walk of life.

friday was a good day for most i think as even i made a bit on my holdings.
buy and hold was fine until gordon got into power in 1997, oops tony. from 1984 to 1999 it was long bull run more or less apart from 1987

Buy and hold has never been the way to maximise profits, marni, since markets first began.

I think you might find the bull run did very well in the 2-3 years after Blair, BTW. ;-)))

yes i pointed that out up to 1999 i said......but that was cos it takes a coule of years to stuff up the economy for it to come through......now been in a bear market for last decade.........things wont improve till conservatives get into power but it will be 2 years after so markets wont improve lots till 2012 at least

Just dipped my toe hoping that this is the bottom...

Queen1

Be careful - there may be a rights issue. This was from the last announcement:

The board has also decided to examine the possibility of an equity issue alongside changes to its proposed revised debt facilities.

Thanks - but nothing ventured, nothing gained. I have a tight stop-loss.

ooh er

no need to brag

Broken downwards.

Bad day for FDL on huge volume. ;-0

ttt

In and out this week so far. ;-) Interesting moves after huge volume Thursday last week. Couldn't figure it out given Friday's late rise so jumped in early yesterday. It did little, but today was fun. Stop hit at 50p on the pullback.

Raising cash (too big to post the whole thing):

Firm placing and Open Offer details:

81m at 20p.

Also Annual Report


Dividend suspended.

sounds as though sp will dive even further if thats possible

It's always possible marni. ;-))

Timberrrrrrrrrrrrrrrrrrrrr

JD rumoured to bid for Kitbag, other private equities interested too, great for Findel, alot of upside potential

broker target of 90p!

with strong support at this level, may take this opp to buy some more, anyone else in these??

will close blue today although everybody is hoping to buy in on the cheap, then watch this accelerate tomorrow as peeps will pay more than today's price, remember to buy on the dips/quieter days so you are not chasing the price when it moves up

see how the FTSE turned around to blue today, keep any eye on FDL and watch the interest tomorrow, glad I am in before the rush :-)

hope so!!

Blue now :-)

don't wait on the sidelines

have you bought

Oh damn yes, yesterday at 46.5 and today on the dip at 46

When do you think this one is going sky high????

http://www.thebusinessdesk.com/yorkshire/news/15669-heavyweight-non-executive-director-appointments-at-findel.html?utm_source=RSS&utm_medium=news%2Bfeed&utm_term=Heavyweight+non-executive+director+appointments+at+Findel

what happened today?These were 35p last time i looked!!
Got to be worth a punt at this price,they own loads of quality brands, Kleeneeze etc. Somebody will come in for them at this price surely.

Findel (LSE: FDL.L - news) said second half sales rose 4.5% after a stellar performance from its largest business Express Gifts over the Christmas period. The home shopping, education supplies and healthcare markets company, said sales at Express Gifts for the 15 weeks to January 17 jumped 11.1% from the previous year, its strongest performance in four years. The group also saw a 5.4% increase in active customer numbers over the last 12 months. "We expect this growth in both sales and customer numbers to result in the delivery of increased total cash margin and a strong operating profit performance for the year," Findel said in a statement. Findel, which sells cleaning products brand Kleeneze, reiterated that it expects to deliver improved results in the second half from the same period a year earlier. "Overall, we are encouraged by the progress we are making in a number of areas, building on a strong performance from our largest business, Express Gifts, in a difficult economic and retail environment. We do not anticipate this environment becoming easier. We remain focused on implementing our three year Full Potential plan," it said

Findel adds 7.2 percent as the home shopping firm says it has made a good start to the year with an encouraging trading performance, and group sales during the first 16 weeks were up 8.0 percent on the prior year.

Findel top riser on FTSE All Share
StockMarketWire.com
A strong start to its financial year helped lift home shopping firm Findel (LON:FDL) to the number one spot on the FTSE All Share in lunchtime trading. The shares up more than 10%.

The group reported a better than expected 8% increase in sales in the first quarter.

At 12:53pm: (LON:FDL) Findel share price was +0.41p at 3.58p

20% rise today recovering well

Findel (LSE: FDL.L - news) gains 9.9 percent, aided by positive comments from WH Ireland (Xetra: A0Q8L3 - news) , with the broker repeating its "buy" rating on the home shopping firm, with a target price of 12.5 pence, over three times the current level.

"Whilst still at a very early stage of recovery, with the risk profile still high, the strategy appears to be gaining traction, as demonstrated by the recent trading update. Operating margins are currently 4.7 percent but could easily double, alleviating the financial stress and prompting a re-rating," WH Ireland says in a

Welcome to Findel plc – the experts in delivering product to the home and business
Findel plc is a dynamic multi channel retailer operating across the business-to-consumer and business-to-business marketplaces. We trade across three divisions, Home Shopping, Education and Healthcare.

For over 40 years, we have been a leader in direct shopping. We have, over 20 years provided a majority of UK schools with their educational supplies. The company is also a major provider of products and services for the assistive technology and community equipment services areas of the healthcare industry.



http://findel.co.uk/

Nice rise 6%

+12%

Two Price Monitoring Extns

Closed friday +20%

After some profit taking back on the rise today. Up 7%

Good 10% rise today

closed 17.65% up

SP motoring today?

Not even stopping for breath.

On the move again, fell away last night

FFFFFFFF- indel up 11%

Fund raising talk mentioned in todays Express

Come on break 6p

Broken the 6p

:-))

Over 100% up in my investment, sold half for a free carry .

Notice of Closed Period Trading Statement
RNS
RNS Number : 7267M
Findel PLC
20 September 2012



20 September 2012





Findel plc ("Findel")



NOTICE OF CLOSED PERIOD TRADING STATEMENT



Findel plc, one of the UK's leading Home Shopping, Educational and Healthcare businesses, will release its trading statement for the 26 week period to 28th September 2012 on Wednesday 3rd October 2012.



-Ends-

Down 4% at one stage, good buying after 4pm and back level.

Post Close Trading Statement
RNS
RNS Number : 7696N
Findel PLC
03 October 2012





3 October 2012

Findel plc (the "Group")

Post-close Trading Statement

Findel plc, the UK Home Shopping, Educational and Healthcare business, today releases a trading update having entered the closed period ahead of its interim results announcement for the 26 weeks ended 28 September 2012. The interim results announcement is scheduled for 27 November 2012.

Group Performance

The Group has made good progress in the first half of the year with the encouraging trading performance over the first 16 weeks of the financial year, as previously announced, continuing. Group sales during the first half are 7.9% ahead of the prior year leading to a first-half operating profit.

The largest business in our Group, Express Gifts, has continued to deliver a strong sales performance. Ongoing improvements in value and product range have led to first half sales being 18.0% ahead of the prior year with bad debt rates remaining stable. The investment in keener pricing and promotions has resulted in a reduction in gross margin percentage but an increase in cash gross profit. As we move into the peak Christmas period, Express Gifts is well positioned for further growth, although the rate of growth may slow as comparative periods are stronger.

For Kleeneze, the continuing wet summer conditions have contributed to poorer than anticipated performance. In the first half, an increase in distributor attrition, particularly from newer recruits, has led to an overall net decline in distributor numbers over the period and first-half sales are 7.1% lower than prior year. Work is underway to address these performance issues.

Kitbag continues to demonstrate a much stronger performance as a result of the ongoing management actions previously announced. Sales have accelerated over the last 10 weeks of the first half, and for the first half as a whole are 11.1% ahead of the prior year, with a significant increase in gross margin.

The turnaround in our Education Supplies business continues to be encouraging. In the first half, our UK schools-focused brands have achieved strong growth, and our UK classroom and specialist brands are also now trading ahead of prior year. This has led to overall UK brand growth in the first half. Sales for the half-year will be behind prior year by 5.2% almost entirely as a result of the planned shorter duration of the 2012 Sainsbury's "Active Kids" store scheme to accommodate Sainsbury's Paralympics sponsorship, and with lower international sales.

Our Healthcare business has continued to see growth versus the prior year, with sales ahead by 13.2% in the first half driven by a combination of net new contracts and growth from existing contracts. A number of significant new opportunities are coming to market and the business is well placed for bidding to win these.

The group continues to make good progress in improving its supply chain and restoring normal credit terms with suppliers which is having a beneficial effect on working capital. Notwithstanding the strong sales growth at Express Gifts leading to a resultant increase of over £9m in drawings under its securitisation facility, both the group's core bank debt and the overall net debt at the end of September have reduced compared to the prior year.

Outlook

The Group's trading performance during the first-half confirms that our turnaround actions are taking effect with an overall improvement in first-half operating performance over the prior year. Whilst the peak sales periods for the Group are still to come and on-going pressure on spending causes us to remain cautious, we believe we are well placed to continue to deliver on our turnaround plans.

Findel sales rise as turnaround continues
Wed 03 Oct 2012

FDL - Findel

LONDON (SHARECAST) - Home shopping, educational and healthcare business Findel said its turnaround actions helped it report a 7.9 per cent increase in first half sales, and while spending pressures remain, it is confident of further progress.

Its largest business Express Gifts continued to deliver a strong sales performance with sales during the half year up 18% from the prior year while bad debt rates remained stable.

As it moves towards the key Christmas period, Findel said Express Gifts is well positioned for further growth, although the rate of growth may slow as comparative periods are stronger.

Meanwhile at Kleeneze, the continuing wet summer conditions hampered its performance with first-half sales down 7.1% from the prior year.

The company, which operates a portfolio of catalogue and online retailers including Kitbag, said its sales rose 11.1% from the previous year, with a significant increase in gross margin. Sales at its Education Supplies business fell 5.2% as its turnaround continues.

Its Healthcare business saw sales rise 13.2% in the first half following new contracts and growth from existing contracts.

Commenting on its performance Findel said: "The group's trading performance during the first-half confirms that our turnaround actions are taking effect with an overall improvement in first-half operating performance over the prior year."

"Whilst the peak sales periods for the group are still to come and on-going pressure on spending causes us to remain cautious, we believe we are well placed to continue to deliver on our turnaround plans."

Share tip in this weeks share mag, forecast upgrades, possibly following next months (27 Nov) interims, should spark further share price gains.Still in the early stages of recovery. Findel's net debt is movingin the right direction in a development that should help drive an eventual rerating.WH ireland's 12.5p published price target implies scope for a near -doubling of the share price. For the year to March, the broker forecasts 50% taxable profits growth to £16 million and earnings of 1.1p (2012- 1p). This places the shares on a undemanding prospective price/ earnings ratio of 5.8.

up 14% in at 3p

Nov interims must be looking good

Buying at 8p

Had these on my watchlist, sadly that's where they remained. Well done dc, nice when a flan comes together.
2517

Thanks 2517George,

Looks like you have a couple of flans coming together - well done, can you send a little luck this was please? Long may it continue for you.

Perhaps your luck will be on the lottery 3m.

I do the lottery dc for what use it is obviously like trillions of others can't get it right. Gosh if Findel goes up to what it used to be years ago then what a lucky chappy you will be. We saw a graph like this once with rrl and did nothing about it only wait - a hard lesson was learned by that. May be we will see it again, who knows. No spare cash at the moment to buy anything so your on a safe bet. GL

I better get my brown pants on ready then 3m. lol

Hope you need them because they escalate, not like I needed them when I sold Galliford at approx. 50p and then they rocketed within 3 weeks from me selling, with wonderful news and look at the dam things now £7 something so it can happen. GL

Findel confirms rumoured sale talks on healthcare division
StockMarketWire.com
In response to recent press speculation, the Board of Findel (LON:FDL) has confirmed it is in preliminary discussions regarding a potential sale of its Healthcare Division, NRS.

The company says there can be no certainty that any agreement will be reached and adds it will keep the market informed as appropriate.

At 10:04am: (LON:FDL) Findel share price was +0.32p at 8.56p

Good buys against sells today. Held onto shares.

Good recovery of the recent drop

Interim Result
27 Nov 12Findel PLC [FDL]

:-))

Going well

50,000000 purchased by holding company in rns this morning, Toscafund Asset Management LLP

YEHAAAAAAAAAAAAAAAAAAAAAAAAAAA

Have you dropped something on your foot dc? :-)
2517

Sorry, just had a mad moment. Been a good day. :-))

You can be excused that with FDL on the up, off their high of today but going in the right direction.
2517

We all have to have a mad moment in these times. Just good to see it head north not south.lol

Interim results Tuesday

On Friday, Findel PLC (FDL:LSE) closed at 8.85, 3.80% below its 52-week high of 9.20, set on Nov 21, 2012.

Half Yearly Report


Highlights



· Turnaround plan demonstrating evidence of success with overall revenue growth of 8.1%, an operating profit* of £0.5m versus loss in prior year of £0.6m and a reduction in the loss before tax* of £1.0m to £4.6m



o Sales growth trajectory maintained, led by Express Gifts with sales 18.1% ahead of prior year

o Kitbag and Education stabilised and recovering



· Overall net debt reduced whilst still maintaining investment in growth



· Current trading since period end continues to be broadly encouraging; 8 weeks to 23 November has seen sales 7.7% above prior year for the Group



o Express Gifts seeing continued growth with sales 9% ahead of strengthening
prior year comparator

o Kleeneze rate of sales decline versus prior year widened slightly to 9%

o Kitbag sales 20% ahead of prior year though Christmas trading will be key

o Education Supplies 2% behind prior year but core brands in growth

o Healthcare 20% ahead with recent Norfolk ICES win maintaining its strong position as market leader





http://www.moneyam.com/action/news/showArticle?id=4491927

ouch

Findel down after cautious update
By Michael Millar

Tue 27 Nov 2012

FDL - Findel

Latest Prices
Name Price %
Findel 7.20p -13.98%

FTSE All-Share 3,031 +0.28%
FTSE Small Cap 3,249 +0.10%
General Retailers 1,935 +0.01%

LONDON (SHARECAST) - Findel, the home shopping and education materials supplier, took a hit after the firm said it was yet to see a sustained Christmas pick-up and was cautious about the remainder of the year.

However, the firm said in the last six months it had made progress with its turnaround plan.

Overall revenue grew 8.1% to £275.1m over the period, while the company pared its loss before tax by £1m to £4.6m.

It added that current trading since the end of the period had been "broadly encouraging" with the eight weeks to 23 November seeing sales 7.7% above the previous year.

The firm has been forced to set aside £4.8m for the mis-selling of payment protection insurance by its Express Gifts business, of which £1.0m has already been refunded to affected customers during the year.

Sales at the Express Gifts division increased 18.1% in the half to £110.1m, while Kleeneze sales fell 7.1% to £24.4m.

Kitbag sales rose 11.9% to £33.7m, with its healthcare business seeing sales up 13.4% to £43.4m.

Sales at its Education supplies division were down 5.3% to £59.2m .

Chief Executive, Roger Siddle, said the group's focus was on continuing to drive forwards its turnaround plan, to maintain this trend of improving results into the second half and beyond, with the clear aim of delivering improved shareholder returns over the medium term.

"Notwithstanding on-going pressure from reduced consumer spending and cost inflation, we believe we are well placed to continue to deliver on our plans," he said.

Shares were down 13.5% at 10:45 following the announcement.

11% up.

Up 7% today

flying

:-))

Hope for good christmas update

Interim Management Statement
RNS
RNS Number : 1428W
Findel PLC
23 January 2013





23 January 2013



Findel plc (the "Group")

Interim Management Statement



Findel plc, a market leader in the UK home shopping, education supplies and healthcare markets, today issues its Interim Management Statement covering the 16 weeks of the Group's second half from 29 September 2012 to 22 January 2013. This should be read in conjunction with the Group's Interim Results announcement issued on 27 November 2012.



Group Performance

The Board continues to be pleased with the strength of the Group's recovery, with total sales since the half-year 10.2% ahead of the prior year, up from 7.7% in the 8 weeks to 23 November 2012*. Year-to-date, Group sales are 8.9% ahead of the prior year.



Divisional Performance

Express Gifts, our largest business, has continued to achieve strong sales growth, recording its strongest Christmas sales performance for five years. Since the half-year sales have increased by 13.3% versus the prior year, building on the 9.1% in the 8 weeks to 23 November 2012*.



Express Gifts has continued to invest in the customer value proposition, and as a result has experienced an 8% growth in active customer numbers over the last 12 months. Whilst this has been driven by a reduction in gross margin percentage, we expect Express Gifts to deliver a significant improvement in profit performance for the year as a whole. Bad debt indicators have remained broadly stable since the half-year benefitting from the rollout of the behavioural credit scoring system, which now applies to 60% of the customer base. As previously noted, the rate of sales growth is likely to moderate as prior-year comparators become tougher and we are seeing this effect in the early response to our Spring catalogue.



Although the rate of sales decline versus the prior year has now broadly stabilised, Kleeneze's trading remains challenging. Sales since the half year are 9.1% below prior year with distributor retention a continuing factor. Active distributor numbers are 10.3% below last year at this point. As mentioned in the Interim Results, a number of new initiatives are being rolled out across the distributor base to address this shortfall and to improve retention rates.



Kitbag continues to make significant improvements on the prior year operating loss, with trends seen at the time of the Interim Results continuing. Sales since the half-year were 19.0% ahead of last year with a gross margin improvement of around 2%. Kitbag was recently awarded new contracts to support the online sales of Olympique Marseilles football club, effective immediately, and the Tour de France, effective Spring 2013. It has also recently renewed its contract with Formula 1 for three years, although the relatively small contract with the ECB will come to an end in February. The relaunch of Kitbag.com, our own e-tailing website has not met all of our aspirations and we will increase the level of marketing spend behind this element in the final quarter which should deliver medium-term payback.



In Education Supplies, during the division's seasonally quiet period, we have continued to see the encouraging trend of growth in our core UK brands since the half-year results, offset by the previously reported shortened duration of Sainsbury's 'Active Kids' scheme, which is supported by Findel Education, and lower international exports, resulting in total sales in the period down 1.6% on the prior year. Clearly, any extended period of school closures due to weather will impact the division's performance over the remainder of the year.



Finally, our Healthcare division has continued to perform well. Sales for the period since the half-year are 20.1% ahead of prior year driven by new contract starts and growth in existing contracts, with margin trends maintained. Having been successful in winning the ICES contract for Norfolk to start in April 2013, as announced with our Interim Results, the business was unsuccessful in two other bids within the period. Discussions regarding a possible sale of the division are progressing, with the process constructed to allow for the conclusion of the new ICES bid submissions.



The financial position of the Group continues to improve, with a focus on debt reduction whilst investing in growth.



Summary



The Group remains on the path to recovery and overall we are positive about the progress we are making in a difficult environment. We remain focused on delivering our multi-year turnaround plan, which is aimed at delivering significantly improved shareholder returns. The Board continues to believe that, as stated at the time of our Interim Results, the Group will deliver improved results in the second half versus the prior year, continuing the trend of improved performance.



* the 8 week period since the commencement of the second half of the financial year from 29 September 2012 to 23 November 2012, and which was commented upon in the Interim Results announcement on 27 November 2012

News did not look to bad, over sold .

Findel (LSE: FDL.L - news) falls 7.3 percent as the home shopping group's broadly in-line trading update leads Seymour Pierce to reduce its full-year 2013 pre-tax profit forecast to 14.5 million pounds from 16.0 million pounds, with similar revisions also made to its subsequent year forecasts.

"Management has made encouraging progress in improving performance of the business but before we consider an upgrade to our recommendation, we need to see a structural decline in net debt, forecast at circa 230 million pounds at end of March 2013. In addition, most importantly, the stock has to look more attractive on a sum of the parts basis," Seymour Pierce says in a note, retaining its "hold" rating on Findel.