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

dikytree.

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