Angling Direct – half-year trading update, how ‘pleasing’ is the progress?
By Steve Moore | Wednesday 18 August 2021
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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?…
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