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

dikytree.

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