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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Focusrite Plc | TUNE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.50 | -0.46% | 322.50 | 08:00:04 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 320.00 | 320.00 | 322.50 | 322.50 | 324.00 |
| Industry Sector |
|---|
| TECHNOLOGY HARDWARE & EQUIPMENT |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 28/11/2023 | Final | GBP | 0.045 | 28/12/2023 | 29/12/2023 | 31/01/2024 |
| 25/04/2023 | Interim | GBP | 0.021 | 11/05/2023 | 12/05/2023 | 09/06/2023 |
| 08/12/2022 | Final | GBP | 0.0415 | 12/01/2023 | 13/01/2023 | 17/02/2023 |
| 26/04/2022 | Interim | GBP | 0.0185 | 12/05/2022 | 13/05/2022 | 10/06/2022 |
| 16/11/2021 | Final | GBP | 0.037 | 30/12/2021 | 31/12/2021 | 31/01/2022 |
| 27/04/2021 | Interim | GBP | 0.015 | 13/05/2021 | 14/05/2021 | 11/06/2021 |
| 17/11/2020 | Final | GBP | 0.029 | 07/01/2021 | 08/01/2021 | 29/01/2021 |
| 10/07/2020 | Interim | GBP | 0.013 | 13/08/2020 | 14/08/2020 | 28/08/2020 |
| 19/11/2019 | Final | GBP | 0.026 | 09/01/2020 | 10/01/2020 | 31/01/2020 |
| 30/04/2019 | Interim | GBP | 0.012 | 09/05/2019 | 10/05/2019 | 05/06/2019 |
| Top Posts |
|---|
Posted at 12/4/2024 15:44 by darrin1471 There was an auction on L2 at 13:50. A 75,000 sell order appeared at 340p and a 74,000 buy order at 310p. Both were labeled LSE.Average daily volume is 35k this week so TUNE may be being controlled within that range. |
Posted at 20/3/2024 12:58 by tudes100 Unusual to see Keith Ashworth Lord selling given Buffettology fund principles. 12 mths ago TUNE was a top 10 holding, awful run since and no doubt he's having a decent number of fund redemptions given Buffettology's mediocre performance in recent yrs. I like Focusrite brands but I can't buy with the current management team who seem unable to manage one forecast to the next. Still puzzled about why the channel stock issues flagged in the March update weren't mentioned in the January update given they seem to have happened at the end of the last FY. |
Posted at 20/3/2024 07:44 by darrin1471 Nortrust Nominees reduce from 9.97% to 4.95%Around 3m shares. Only just over 5m traded in TUNE since January 1st. |
Posted at 19/3/2024 08:49 by 74tom Yesterday's update wasn't pretty, but do shares really deserve to be trading below mid 2017 levels when they reported revenues of £66m, adjusted EBITDA of £13m and operating profit of £9.5m?Since then they've spent £97m on 6 acquisitions, most of which have performed well when you look at the revenue segmentation which TUNE discloses in their financial reports. There were some huge bids in yesterday's closing auction & I suspect there will be US buyers interested at these levels. It's too cheap down here IMO. |
Posted at 07/11/2023 09:10 by 74tom Here is some comedy from the Abrdn UK smaller companies annual report (25th Aug)"The five worst contributors to relative performance during the year were as follows: - Focusrite -130bp (shares -57%) the shares have struggled this year, partly as a normalisation of Covid spending has impacted demand for the company's products. It navigated supply chain issues early in the year and continued to invest in new product solutions to drive demand." This fund held ~973k shares at 30/06/2023 A year earlier, on 30/06/22, the same fund held ~1379k shares So they sold just over 400k TUNE shares during the year Do they ever wonder whether it's their own behaviour which is responsible for continued awful fund performance? I note their commentary; "Performance I am disappointed to be reporting to shareholders that in the year just ended, the Company has extended its period of underperformance against its benchmark on both a net asset value ("NAV") and share price basis. We are very aware that the effect of this underperformance, over one, three and five years, is that anyone who made their initial investment in the Company in the last five years will most likely have seen a reduction in the value of their investment." Absolute charlatans. |
Posted at 07/11/2023 08:54 by 74tom I see we have the reason for the continued overhang here; good old Abrdn asset management. Their last TR-1 was on 29/09/2022, reporting a decrease from 10.59% to 9.97%. Quite incredibly, in the period since then they have sold 2,739,146 shares, equivalent to 4.62% of the company.I note that they appear to have bought most of their holding during 2020, issuing a TR-1 on 23/12/2020 reporting an increase from 5.59% to 10.46%... So they very likely bought from £10-18 and have been selling at £4-8. A very effective way to destroy capital & also put a small companies share price under sustained pressure. It is utterly pathetic behaviour. Funds like Abrn should be subject to very strict regulations regarding small cap holdings IMO. If they buy a position they can't sell it for at least 5 years and when they do they can only dispose of 10% in a 12 month period. Dumping half of their holding here in a bear market is shocking. They've repeated the trick with multiple small & mid caps on LSE in the last 12 months; Watches of Switzerland - dumped an 8% stake at the end of August forcing shares to multi year lows Dumped a 10% stake in XP Power in early October forcing shares down 75%, since up nearly 100% Dumped a 6% stake in Inspecs at the end of 2022, forcing shares to huge all time lows, from which they bounced 200% Dumped 3% of Yougov as per a mid October RNS, just after multi year lows were reached, it's up 50% since There will be many other examples I'm sure, however what it tells me is the TUNE is very likely trading at 50-100% less than it should be. A PE of 11x is surely incredibly cheap... |
Posted at 20/10/2023 08:08 by markatkinson In this latest episode of the Desert Island Investor my very dear friend and fellow ‘pod-castaway& |
Posted at 14/9/2023 08:27 by 74tom Full year TU a lot better than I expected - trading at less than 8x adjusted EBITDA seems exceptionally cheap. I remember first looking at TUNE way back in November 2017 when shares traded at just under £3, turnover for FY17 was £66m with £13m in EBITDA.So the business fundamentals have roughly tripled over the last 6 years yet it's trading only 60% higher... That's some serious multiple compression which will surely start to unwind over the coming months? |
Posted at 15/7/2023 00:19 by tudes100 Bumping along the bottom atm, you've been able to buy at 425-429p all week & given the spread on TUNE is often significant I'm not sure it's telling us too much other than it's out of favour. The lack of news flow is always frustrating and contributes to the lack of interest as well imo.Going forward it's worth remembering H124 is going to have very soft comparables to beat so HY24 results could be excellent assuming the macro situation does not worsen significantly. I've got a very small starter position but I'm watching closely as clearly there is a huge amount to like here with their portfolio of brands. |
Posted at 02/5/2023 01:55 by tudes100 I'm a little puzzled about the video of the results presentation. It was clearly done by the team at Investor Meets Company as its the same individual doing the intro & the summary at the end but it hasn't appeared on the IMC website and was not communicated prior to investors who follow the company. I really don't understand why the TUNE management team made the decision to just put it on their own website and not share with the wider private investor audience. Given the company needs a higher profile in the market it seems like a really odd decision. |
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