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Angling Direct
Organization
A UK omnichannel retailer specializing in fishing tackle, bait, clothing and outdoor equipment through stores and e-commerce.
What experts have said about Angling Direct
4 statements · 3 positive · 1 negative
Angling Direct trades below tangible net assets, with substantial cash backing.
“the shares look really very cheap at the current 37p share price. It was only valued at £28 million, and its tangible net assets, those are its tangible hard net assets, are worth £32 million, and nearly half of that's in cash.”
Open the episode · IC018 Investor's Champion Investment Ideas & Weekly Wrap Up Covering, Experian, AIM and UK small-cap focus IQGeo, Brickability, Michelmersh Brick Holdings, Lords, Angling Direct, Zotefoams, Creo Medical & RenewListen at 24:09
Angling Direct generates free cash flow despite low reported profits.
“It is generating free cash flow.”
Open the episode · IC018 Investor's Champion Investment Ideas & Weekly Wrap Up Covering, Experian, AIM and UK small-cap focus IQGeo, Brickability, Michelmersh Brick Holdings, Lords, Angling Direct, Zotefoams, Creo Medical & RenewListen at 24:33
Angling Direct should prioritize further UK expansion over overseas expansion.
“I would have thought there's plenty to go after in the UK rather than going overseas, which is harder to support”
Open the episode · IC018 Investor's Champion Investment Ideas & Weekly Wrap Up Covering, Experian, AIM and UK small-cap focus IQGeo, Brickability, Michelmersh Brick Holdings, Lords, Angling Direct, Zotefoams, Creo Medical & RenewListen at 26:17
Angling Direct should avoid wasting its cash on expansion.
“We would implore them not to squander that cash.”
Open the episode · IC018 Investor's Champion Investment Ideas & Weekly Wrap Up Covering, Experian, AIM and UK small-cap focus IQGeo, Brickability, Michelmersh Brick Holdings, Lords, Angling Direct, Zotefoams, Creo Medical & RenewListen at 26:32
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
