Angling Direct has achieved scale over the last 5 years and proven its multi-channel credentials. Under new leadership it is now being professionalised, and margin/profit weakness (notably online) is a key focus. Early signs are encouraging. With a fishing renaissance post covid, ANG is very well placed to deliver profitable and sustained growth over the medium to long term in highly fragmented markets. For these traits, valuation is extremely undemanding, and upcoming results are a possible
21 Sep 2020
Boosting profits and consolidating in UK/EU markets
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Boosting profits and consolidating in UK/EU markets
Angling Direct Plc (ANG:LON) | 34.5 0 0.0% | Mkt Cap: 26.7m
- Published:
21 Sep 2020 -
Author:
Matthew McEachran -
Pages:
3
Angling Direct has achieved scale over the last 5 years and proven its multi-channel credentials. Under new leadership it is now being professionalised, and margin/profit weakness (notably online) is a key focus. Early signs are encouraging. With a fishing renaissance post covid, ANG is very well placed to deliver profitable and sustained growth over the medium to long term in highly fragmented markets. For these traits, valuation is extremely undemanding, and upcoming results are a possible