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Keyword results: fishing retailer

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Angling Direct – trading update argues “pleased with the progress achieved”. Really?

Fishing retailer Angling Direct (ANG) states that it is “pleased with the progress achieved… trading has been in line with the board's expectations”. So what of a share price currently back up above 30p, but comparing to above 50p a year ago?
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Angling Direct – interims state “pleased to have continued to grow sales”… but not anymore?

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.

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Angling Direct – it argues “further progress”… but it’s a profit warning

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?

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Angling Direct – websites back online, is cyber attack to have a detrimental impact on trading?...

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?…

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Angling Direct – cyber attack response progress, any detrimental impact on underlying 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?…

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Angling Direct – ‘unauthorised cyber activity, no detrimental impact on underlying trading’. Really?

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?…

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Angling Direct – a “delighted with the strong support” placing you say?!...

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”...

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Angling Direct – trading impacted by “exceptional winter flooding”… but that not all…

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…

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