We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Volution Group Plc | FAN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -2.50 | -0.58% | 431.50 | 16:35:17 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 432.00 | 429.50 | 437.50 | 431.50 | 434.00 |
| Industry Sector |
|---|
| CONSTRUCTION & MATERIALS |
| Top Posts |
|---|
Posted at 26/8/2021 00:33 by philanderer Ronnie George, CEO of Volution Group, outlines the importance of sustainability reporting and how businesses can build an ESG strategy to increase stakeholder confidence and enhance corporate reputation.At Volution, our purpose is to provide healthy indoor air, sustainably. Our commitment to operate sustainably, and to help our consumers do the same, is central to our strategy, product offering, culture and capital allocation policy. Not only is the aim of protecting the health of people and the planet a core driving principle in the evolution of our strategy with these values embedded across the company, we also understand that it is a key concern for our stakeholders. Communicating our approach to sustainability, and how we intend to meet the ambitious financial and operational targets which we have set ourselves, is a key priority for us, and as a result sustainability reporting is now one of the most important sections of our annual report. Corporate ESG and sustainability policies have become increasingly important to all stakeholders, including institutional investors, over the past decade. This is a trend which has accelerated over the last 18 months in the face of the Covid-19 pandemic. With this increasing awareness has come a requirement for clearer and more accurate ESG reporting within financial and broader corporate communications. |
Posted at 12/3/2021 13:05 by jeff h Yes Liberum:-"..We raise our 2021E EPS forecast by 11% and our 2022E by 6%. We increase our target price from 335p to 377p and maintain our Buy rating...." So I make that approx 19.0p EPS for year ending 31/7/21 and 19.8p for 7/22 Citywire:- Peel Hunt: ‘buy’ Volution for ESG credentials Investor desire for stocks with positive environmental, social and corporate governance (ESG) credentials will help boost ventilation group Volution (FAN), says Peel Hunt. Analyst Clyde Lewis retained his ‘buy’ recommendation and target price of 330p on the stock, which soared 15.9%, or 50p, to close at 364p on Thursday. Shares in the group are up 10% year-to-date but in the last six months they have ‘bounced a more impressive 81%’, Lewis wrote, ahead of today’s jump. ‘On current forecasts, the shares are trading on a price/earnings [ratio] of 18x for July 2021 and 16.4x for July 2022,’ said Lewis. ‘The market’s awareness of the group’s ESG credentials will also be a positive factor behind a rise in the valuation multiples.’ The stock remains ‘an attractive long-term buy’ as the bounce in its shares is ‘only the start of a longer-term journey, which will be supported by regulatory tailwinds [and] further bolt-ons’, the analyst added. |
Posted at 27/4/2011 13:12 by scotty1 27th April 2011 Analyst: Ross Jones Email: Ross.Jones@t1psim.co Tel: 01624 676848 First Artist Corporation * - Borrowings Refinanced: Re-iterate Buy stance at 30.5p with a target price of 65p First Artist has today announced that as a result of recent fundraisings it has been able to renegotiate the terms of its £14.8 million loan facility with Allied Irish Bank, slashing the interest paid from 10% over LIBOR to 3.5% over LIBOR for the first 12 months and to 4% over LIBOR thereafter. It has also admitted that it is in technical breach of its Articles of Association in terms of its total borrowings to its capital and reserves ratio and is seeking to hold an EGM to amend the Articles to solve that issue. The administrative oversight is a legacy of the previous management team and will be rectified quickly. The refinancing of its borrowings was expected and will serve to reduce interest costs by almost £1 million on an annualised basis. As such we are not amending our forecasts at this stage although we understand that First is trading strongly and see risks to the upside on current numbers. But the fact that the Barbera/Stoller management team has delivered on this key issue will be seen as positive. Investors will now be keen to hear news on the disposal of the last non-core activity (the footbal agent business) even for a nominal sum and on how Barbera/Stoller have moved to slash the bloated central costs First suffered under its previous management. Delivery on these two matters will, we believe, drive a further re-rating of the shares and we expect news soon. We re-iterate our Buy recommendation with a target price of 65p but the delivery of operational milestones such as the refinancing of debt gives us increased confidence in that target which values the company on a 2012 EV/EBITDA multiple of 11x. |
Posted at 17/4/2011 00:24 by maxcashflow I met Jeremy Barbera today at Master Investor, and was very impressed by the First Artist pitch. Have any of you chaps/chapettes researched his background? Apparently he was very successful with his MSGI Direct business (he said that he sold it for $1.5bn) But his later MSGI Security business (now renamed to MSGI Technology) seems to have been a disaster - it's $29m in debt, has no assets and zero revenues, and looks like it is about to go under. Even its lawyers are running away due to non payment. And yet it has just announced a move to Silicon Valley where it is about to embark on a new venture in NanoTechnology. Just wondered what you thought and whether this is something that has already been explained somehow. |
Posted at 31/3/2011 06:58 by colva Hi MoorsieYes the key is going to be the earnings/debt ratio - and IF they can do EBITDA of 5m then the debt will be paid down in about 3 years and the share price should be heading north of 60p - at the moment 5m is just the forcast - i have an initial target share price of 45p - if they do 5m and continue to grow the company going forward then even 60p would look cheap . The managment seem to be well regarded and have brought in some very savvy investors - but i'll keep my 45p share price target for now. |
Posted at 30/3/2011 09:47 by argy2 As if by magic:Placing TIDMFAN RNS Number : 9001D First Artist Corporation PLC 30 March 2011 FIRST ARTIST CORPORATION PLC ("First Artist" or the "Company") Placing Conversion of Unsecured Loan Related Party Transaction Issue of Equity Total Voting Rights First Artist Corporation plc (AIM: FAN) is pleased to announce that it has placed a total of 8,700,000 new ordinary of 2.5 pence each (the "Placing Shares") at a price of 23 pence per share (the "Placing Price") to raise GBP2 million before expenses (the "Placing"). The Placing is conditional upon admission of the Placing Shares to trading on AIM. The net proceeds from the Placing, representing new and existing investors from the UK, led by London-based entrepreneur Nigel Wray, will be used to reduce debt and for working capital. This is part of the Company's strategy to de-leverage the Group and enable the Board to continue re-positioning the Group's businesses. Pivot Entertainment LLC ("Pivot") has agreed to capitalize the unsecured loan that it made available to the Group as set out in the announcement of 08 December 2010 ("the Loan"). The Company has taken the decision to convert the debt (consisting of GBP1,480,323 in principal and interest) into 7,401,615 ordinary shares of the Company ("the Conversion Shares") at a conversion price of 20 pence per share ("the Conversion Price"). The Directors believe that the Conversion Price reflects the early stage investment made by Pivot as well as reducing the indebtedness of the Group. As Pivot is a significant shareholder in the Company, the conversion of the Loan into new ordinary shares by Pivot is a related party transaction under the AIM Rules. The Directors (less Mr. Barbera and Mr. Stoller) consider, having consulted with its Nominated Adviser, Seymour Pierce, that the terms of the Transaction are fair and reasonable insofar as the shareholders are concerned. As previously stated in the announcement made on 8 December 2010, the Company expressed its intention to replace the existing bank facility with a new revolving credit facility. The Company is presently arranging for a new bank facility with Allied Irish Bank (AIB) which based upon recent repayments of certain amounts of debt, will provide the Company with much more favorable interest rates and terms. An announcement will be made at the appropriate time if there is any further change in the financial condition of the Group. Application has been made for the admission ('Admission') of the Placing Shares and Conversion Shares to trading on the AIM market of the London Stock Exchange. It is expected that Admission will become effective and that dealings will commence on 03 April 2011. Upon issue, the Placing Shares and Conversion Shares will rank pari passu in all respects with the Company's existing Ordinary Shares. Following the Placing and the conversion of the Loan, the total number of shares in issue is 65,957,718. There are no shares held in treasury. The total number of voting rights in the Company is therefore 65,957,718. The above figure of 65,957,718 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules. Commenting on today's announcement, Jeremy Barbera, Chief Executive of First Artist, said: "During February and March we have successfully raised GBP4 million in equity, principally to reduce bank debt, and strengthen our balance sheet. We are very grateful to Nigel Wray as well as all our other shareholders for the strong vote of confidence in our ability to re-position First Artist as a leading transatlantic media and entertainment business." |
Posted at 24/2/2011 17:35 by tsmith2 First Artist: Initiation of coverage. Buy at 26.75p with a target price of 65pKey Data EPIC FAN Share Price 26.75p Spread 26p - 27.5p Total no of Shares 49.86 million NMS 3,000 Market Cap £13.3 million 12 Month Range 7p - 30.5p Market AIM Website www.firstartist.com Sector Media Contact Jeremy Barbera, Executive Chairman, +1-212-520-4140 First Artist Group, the media, events and entertainment management group has today completed the latest step in its financial, organisational and strategic transformation. A £2 million fund raise at 20p and the recent sale of its loss making Events business reduces the company's debt balance, net of deferred consideration, towards its previously announced target of £14.5 million, and more significantly in terms of the profit and loss account leaves the company one step away from obtaining a far better rate of interest from its bankers. The company is in advanced negotiations to raise a further £2 million from theatres industry contacts in the near future. We expect this second round funding to be completed at a higher price than the first and within weeks. On completion of this additional capital raising, we estimate that the cost of the most expensive portion of First Artist's debt will reduce from 10% over base to 3% over base. These steps will save First Artist significant sum on its annual interest charges while the disposal enhances core profitability still further. Balance sheet enhancement This is the second much needed cash injection the company has received during the last 3 months. On the 8th December 2010 it emerged that the identity of a previously announced potential purchaser for First Artist, was Pivot Entertainment, a New York based entertainment marketing company. Whilst no offer transpired, Pivot did invest £1.1 million at a share price of 11p. Simultaneously First Artist entered into an agreement with Pivot to provide the Company with an unsecured loan facility of £1.4m The Loan is for a maximum term of 5 years. The Loan attracts interest at 8 per cent per annum. Enhanced management team Pivot's principals have significant experience working in the performing and visual artists industry. The partnership with Pivot has enabled First Artist to recruit some heavyweight names from the Media industry to the Board. On 16th December 2010 it was announced that David Stoller and Jeremy Barbera had been appointed as Executive Chairman and Chief Executive Officer respectively. The Stoller family has had a significant involvement in the arts as investors, performers, organizers and promoters for over 30 years. Mr. Stoller has been Chairman and CEO of Transload America Inc. since 2003. David Stoller has considerable experience in project finance and private equity. In 1993, Mr. Stoller, through the Charterhouse Environmental Capital Group, launched American Disposal Services, an integrated waste management company that ultimately acquired and consolidated, with $34 million in equity capital, more than 80 waste management companies. American Disposal had a successful IPO in July 1996 and was sold in 1998 to Allied Waste at a price exceeding $1.1 billion. Mr. Barbera has been Chairman of the Board and Chief Executive of MSGI and its predecessor businesses since he founded MSGI Direct as an Entertainment Marketing company in 1987. Mr. Barbera pioneered the practice of database marketing for the live entertainment industry in the 1980's, achieving nearly one hundred percent market share in New York. Under his leadership, MSGI, through their Pegasus Internet subsidiary, originated the business of web-based ticketing in 1995 and became the dominant services provider in every major entertainment market in America. Their principal areas of concentration also included: financial services, fundraising and publishing. New focus on core business activities and cost reduction First Artist's poor financial record over recent years can be attributed to underperforming legacy operations and its debt burden as well as a bloated central overhead. The new Board members plan to implement an immediate and significant cost reduction programme. The disposal of the Events business Finishing Touch (to ExEvents a firm owned by RSH the ultimate owner of GE&CR) for £100,001 plus an earnout of 50% of the profits attributable to existing FT customers over the next three years, removes from the group a unit that contributed a loss of £200,000 in the year to November 30th 2010. We believe that synergies with ExEvents will allow for the earnout arrangement to be profitable for both parties. We expect the last legacy business (a football player representation agency) to be sold imminently. Core Businesses The core business that remain are within First Artists's Media division which generated sales of £35 million in the 6 months ending May 2010. Dewynters is a leading UK based arts and entertainment agency. The company provides marketing and promotion services to the arts sector, focussing largely on theatrical productions. Dewynters has defined entertainment and theatre industry marketing in the UK and the US with iconic advertising and merchandising campaigns for productions ranging from Cats, The Phantom of the Opera and The Sound of Music to Les Miserables and The Royal Opera House. The agency's client list extends into the leisure and tourism sectors, with an offer that includes design, merchandise and digital marketing as well as full-service advertising. Newman Displays, a subsidiary of Dewynters is the UK's leading front of house and fascia display company. As well as producing the displays for all major theatre productions including Spamalot and Mamma Mia!, Newman also works with all the leading West-End cinemas. Spotco based in New York is another entertainment advertising agency. In June 2010, SpotCo's clients took home 19 of the 26 Tony Awards, including the four "BEST SHOW" categories. Forecasts and valuation We believe that the invigorated management team will be able to drive revenues forward by at least 10% during 2011 to £80.3 million. This coupled with the cut in overheads would translate into a 6 fold increase in EBITDA to £3.2 million. With a reduced interest charge this should result in a £3.8 million swing into pre-tax profit from continuing operations of £1.7 million. First Artist has strong brands within this niche market and as of today a much less onerous debt burden. The new Board additions have a wealth of experience with which to drive the business forward. In 2012, the first full year of operations following this restructuring, we believe that EBITDA of £4.7 million is an achievable target. The company has much to prove to investors and we are valuing the shares just shy of a 10x 2012 EV/EBITDA ratio on a restructured annualised basis, generating a target price of 65p. However if, as we expect, the new management team shows clear delivery on our forecasts we believe that a higher multiple would be warranted. We initiate our coverage at 26.75p with a stance of Buy. |
Posted at 24/2/2011 16:14 by argy2 "representing new investors from the UK"I thought t1ps took 30% of the placing. Hardly new. |
Posted at 05/1/2011 09:11 by tara7 No, the debt was the worry as to why other investors sold, i pointed out this was costing only a tick or two over the base rate.The debt was infact not a prob. The football side now 7% will no doubt be sold |
Posted at 15/12/2010 19:48 by tara7 Poor Markt, he unlike investors who researched my stocks in 2009 lost out on a 300% plus gain and this year a 78% gain.!! |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
