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AFRN Aferian Plc

7.375
0.00 (0.00%)
01 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Aferian Plc LSE:AFRN London Ordinary Share GB00B013SN63 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 7.375 23,240 01:00:00
Bid Price Offer Price High Price Low Price Open Price
7.25 7.50 7.375 7.375 7.375
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cmp Integrated Sys Design USD 91.13M USD -17.42M USD -0.1567 -0.47 8.2M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:40:12 O 10,000 7.251 GBX

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Date Time Title Posts
20/12/202307:15Aferian plc95

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Posted at 01/5/2024 09:20 by Aferian Daily Update
Aferian Plc is listed in the Cmp Integrated Sys Design sector of the London Stock Exchange with ticker AFRN. The last closing price for Aferian was 7.38p.
Aferian currently has 111,212,107 shares in issue. The market capitalisation of Aferian is £8,196,332.
Aferian has a price to earnings ratio (PE ratio) of -0.47.
This morning AFRN shares opened at 7.38p
Posted at 20/12/2023 07:15 by danmart2
It’s not necessarily the market, it’s the company.

I can’t figure out what is Aferian’s unique selling point?
Neither can the market.

I expect this wall fall into single figure share price in the new year.

What must concern shareholders is the lack of a plan.
Posted at 25/7/2023 16:41 by masurenguy
Market cap, post placing at todays market close mid-price, is £15m.
Posted at 25/7/2023 11:11 by buoycat
Well they can only move the price up if people are willing to trade. The successful placing is seen as a vote of confidence by the market. Let's face it, you'd be more likely to buy today than last week
Posted at 10/3/2023 14:46 by kalai1
Aferian plc issued negative guidance this morning triggering a 40% plunge in the share price. The 24i business continues to trade in line with expectations, but the Amino business is now expected to substantially underperform in FY23. Cost cutting measures are being implemented, but group revenue and adjusted EBITDA will be substantially below original expectations, albeit still with a positive material adjusted EBITDA for the full year. Clearly the business story here is soft, while the massive share price correction means that momentum is also negative. However, the flip side of the drop means that valuation is now starting to look relatively attractive. It is plainly too soon to consider buying just yet, but AFRN has solid balance sheet and longer run history of decent profit and looks to be a company well worth monitoring from here...

...from WealthOracle
Posted at 06/6/2022 17:38 by sharw
The note was from finnCap who were fired as Nomad and broker just after the interims last August and were replaced by Investec. Their reports on AFRN ceased to become available and now we have this demolition job out of the blue. Hell hath no fury like a broker scorned.

The change at 24i, announced on 21/3, sounded relatively harmonious to me.

We should have a trading statement for the half year soon (8/6/21 and 8/6/20) so I'm at least hanging on to then.
Posted at 06/6/2022 16:56 by simon gordon
Read a fairly negative broker note on AFRN at the weekend. 150p target. Mentioned the 24i CEO had moved on (been fired?). The 2025 goals are a pipe dream and it's the set top boxes that are currently saving their bacon.
Posted at 10/2/2022 07:14 by masurenguy
Great update and final dividend increased by 12%

RESULTS FOR YEAR END 2021

Double digit revenue & profit growth. Improved quality of earnings. Enhanced revenue visibility achieved.

Aferian plc announces its results for the year ended 30 November 2021.

Financial Highlights

-- Further improved quality of earnings and enhanced revenue visibility
-- higher-margin software and services revenue of approximately $22.4m , up 15%, including recurring revenue of $12.9m, up 21%
-- exit run rate ARR of $15.2m (2020: $10.6m), up 43%
-- Strong balance sheet maintained with strengthened cash position, and new banking facility of up to $100m to support our targeted M&A strategy
-- A final dividend of 2.09 pence (2.87 US cents) per share (2020: 1.87 pence / 2.39 US cents) in line with our new dividend policy to deliver returns to shareholders through growth and income

Strategic and Operational Highlights

-- Strong progress against our 2025 strategic goals in the first year of execution
-- Continued focus and investment to drive growth in recurring software revenues and conversion of the streaming and Pay TV convergence opportunity
-- 24i : continued focus on building recurring revenues and migrating subscribers from legacy systems to 24i's more flexible and extensible platform
-- Amino : grew revenues by 19% to $75.1m, maintaining strong margins and cash generation
-- Strategically important customer deployments achieved during the period across

24i and Amino:

-- 24i: deployed 24i's streaming platform for new customers including the Canadian Hockey League and Cinessance, a subscription video on demand service, which launched in November 2021 as the 'Netflix of French Film'
-- Amino: multiple new deployments of Amino's Android TV platform including at Go Malta and CableNet in Europe, Optage in APAC and Conway, Home Telecom and Hay

Communications in North America

-- Successful integration of Danish streaming and Pay TV platform specialist , Nordija (now part of 24i), immediately adding $2.1m ARR upon acquisition.
-- Continued product innovation and success , 24i's video platform named best OTT Video Platform in the Streaming Media European Readers' Choice Awards, and Amino's Hybrid Android TV streaming device securing CSI Magazine's Award for Best Customer Premise Technology 2021

Current trading and outlook

-- We enter 2022 in a solid position and continue to strengthen our pipeline of potential M&A opportunities as we seek to continue to deliver against our 2025 strategy.
-- The Board remains confident in the Group's ability to meet current full year expectations and in the Group's future prospects.

Donald McGarva, Chief Executive Officer of Aferian plc, said: "I am proud of the strong performance we've achieved in our first full year of executing and innovating against our 2025 strategy. We have delivered double digit growth across the majority of our key performance metrics and significantly improved our quality of earnings and revenue visibility with an exit run rate ARR up 43% on the previous year. This strong performance was delivered thanks to the incredible teamwork, resilience and hard work of our people and despite ongoing uncertainty brought on by the pandemic and global supply chain issues. We enter 2022 in a strong position both financially and operationally. Aferian sits at the centre of the converging worlds of streaming services and traditional Pay TV. This convergence excites our customers, engages viewers and energises our product teams as we continue to innovate new ways to make it easy for people to connect to TV and video when and how they want."
Posted at 14/12/2021 14:17 by km18
Aferian plc, the B2B video streaming solutions company, issued a trading update this morning. The Group expects to report that all its key financial metrics have tracked ahead of the prior year, and in line with Board expectations, representing an overall strong trading performance. As well as delivering further progress against its stated 2025 growth strategy, the Group has also successfully navigated well-documented global supply chain challenges. Top line performance is improving, bottom line performance is improving. Valuation is reasonable with forward PE ratio around 14, there is even a modest dividend yield around 2.4%. Share price lacks near term momentum, but an interesting company and certainly one to monitor for now...from WealthOracleAM
Posted at 05/8/2021 11:56 by simon gordon
One issue for AFRN is that none of their acquisitions has ever really fired dramatic growth. I woke up to how lackluster 24i had been at the Prelims earlier this year and sold out after it re-rated.

In H1 'software and services revenue' was up $0.2m, $9.9m from $9.7m.

The $250m story is enticing but growth of only 2.1% is not setting the world on fire.
Posted at 03/8/2021 07:38 by slim9
Financial summary


$m unless otherwise stated H1 2021 H1 2020 Change
----------------------------------- ------- ------- ------
Revenue 45.3 38.0 19%
Exit Annual Recurring Revenue
("ARR") (1) 13.8 10.1 37%
Adjusted gross profit (2) 20.6 19.0 8%
Adjusted EBITDA(3) 8.3 7.1 17%
Adjusted operating profit (4) 5.1 4.2 21%
Adjusted profit before tax (4) 4.7 3.9 21%
Adjusted basic earnings per share
(US cents)(4) 5.05c 4.88c 3%
------------------------------------ ------- ------- ------
Statutory gross profit 20.6 19.2 7%
Statutory operating profit 1.9 0.7 171%
Statutory profit before tax 1.5 0.5 200%
Statutory basic earnings per share
(US cents) 1.16c 0.92c 26%
------------------------------------ ------- ------- --------
Net cash(5) 10.1 2.1
------------------------------------ ------- ------- --------
Interim dividend per share (GBP
pence) 1.0 -
------------------------------------ ------- ------- --------
Aferian share price data is direct from the London Stock Exchange

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