Previously writing on fishing retailer Angling Direct (ANG), in August with the shares down to 30p I concluded that the trajectory of trading saw me retain my cautious stance of most recently a 62p share price. The shares most recently closed at 32p but are currently below 30p on the back of half-year results.

Stores and online fishing retailer Angling Direct (ANG) has issued a half-year trading update including summarising that it “has made further progress on its strategic objectives… whilst growing sales… the highly fragmented European market remains a very attractive strategic priority”. So why are the shares currently approaching 18% lower at 30p, a £23.2 million market cap?

On Friday afternoon fishing retailer Angling Direct (ANG) was pleased to announce that, following testing and further reassurance from its third-party cyber security advisers, its websites are back online and trading in the normal course. With their not having been doing so after unauthorised activity on its network was detected as long ago as the previous Friday, is there still to be a detrimental impact on trading?…

Fishing retailer Angling Direct (ANG) has announced that, following a cyber attack, it now has “regained control of its websites and social media channels… is confident it has now eradicated any threat from its systems”. So what of the shares, currently just above 60p?…

Fishing retailer Angling Direct (ANG) has notified of a “cyber security incident”, though emphasising that it currently “does not anticipate that this incident will have a detrimental impact on underlying trading” and that it “does not hold any customer financial data as our website transactions are handled by third parties”. So what of a current 3.6% share price fall to 66.5p?…

Self-styled “leading omni-channel specialist fishing tackle and equipment retailer”, Angling Direct (ANG) has made a half-year trading update emphasising that it “is pleased to have made further progress in the period, despite all retail stores being closed at the beginning of the period (1 February) to 12 April 2021 due to government restrictions during the third Covid-19 lockdown”. With the shares currently responding up to 72.5p, how pleasing is the progress relative to the valuation?…

In today’s podcast I look at Fragrant Prosperity (FPP), Manolete (MANO), Metro Bank (MTRO), Angling Direct (ANG) and Chesterfield Resources (CHF).

I start with Joshua’s Advent calendar and my great uncle the jail bird and end with Christmas news from the Welsh hovel which shows how fecking green I am. In between I look at Hurricane Energy (HUR), Angling Direct (ANG), Cineworld (CINE), Trainline (TRN), Frazers (FRAS), Powerhouse (PHE) and Metro Bank (MTRO).

Having been trying to emphasise “positive trends… namely encouraging levels of trade across the company's webstores in both the UK and international markets”, now from Angling Direct (ANG) a “delighted with the strong support… raised gross proceeds of £5.50 million through a placing”...

Yes, after three weeks, I have shaved off a lockdown beard that was white, grey, black and brown and made me look like an elderly Big Issue seller. But having run out of foam i still have a dark moustache and so am now a throwback to the 1970s. The good old days.  I discuss this and also the idea that we will see a dramatic post Coronavirus economic, stockmarket and oil price recovery. I look at Easyjet (EZJ), Angling Direct (ANG) - using it as a case study of how the economy really is snagged so badly - and at the scandal at Versarien (VRS) where lyin' Neill Ricketts now stands totally exposed with regards to his share dumping a year ago. Surely the regulators must act now. I discuss how James Hay are m aking my life a misery with their incompetence lover my SIPP transfer.  Finally an appeal from Darren please send your views of your new home desks and the views from your window to editorial@shareprophets.com  

My beef with Angling Direct (ANG) is that I view fishing as a sport increasingly enjoyed by old codgers. I look at the local club that rents our stretch of the River Dee and fear that after each cold winter it will be needing rather fewer pegs. I see a business growing its online sales sharply but whose offline operation still accounts for half of sales and which, for all the usual reasons, must be in decline. And today we have a Covid 19 update and a big warning on cash which, for reasons I am sure you can guess, does not actually say how little cash is left.

I start with the great global warming nutter who is here today. I then deal with another of that ilk, Malcolm Stacey, and his worries about owning oil shares. I coment on how central bankers might respond to Coronavirus but ask if it will work. I look at Angling Direct (ANG) and Sirius Minerals (SXX).

The largest specialist fishing tackle and equipment retailer in the UK, Angling Direct (ANG) has updated including “in-store sales were £27.9 million, an increase of 41.3% on the prior year period and up 12.0% on a like-for-like basis” and “online sales grew to £25.2 million, an increase of 13.3% on the prior year period”. The shares have currently responded to around 60p – circa 13% lower. Hmmm…

The angling market is a sector that I know very well as I also work in marketing for the UK’s largest tackle manufacturer, and in the past I haven’t been convinced that the shares in Angling Direct (ANG) have offered any value for investors...

A “New Store Opening and Trading Update” from fishing tackle and equipment retailer Angling Direct (ANG), which the company “is pleased to announce” and sees CEO Darren Bailey “very excited to have opened our Nottingham store” and also stating “whilst other areas of the retail sector may be experiencing difficulties, we are delighted that our strategic focus on customer experience and service, as well as positioning our stores in the correct locations, is driving our growth and brand value”. Great news then?...

During the last couple of years we have seen two retailers from the angling market float on the market, and their fortunes have taken very different directions.

“Angling Direct plc (AIM: ANG.L), the largest specialist fishing tackle and equipment retailer in the UK, is pleased to announce its trading update for the six months ended 31 July 2018. Revenue for the period was ahead of management's expectations”. Sounds promising - but what about profit?, cash?...

Following the successful floatation of Fishing Republic (FISH) a couple of years back, it was only a matter of time before one of the other large fishing tackle retailers followed the same route, and we’ve just seen Angling Direct (ANG) list on the AIM market.