||EPS - Basic
||Market Cap (m)
|Technology Hardware & Equipment
Focusrite Share Discussion Threads
Showing 51 to 71 of 75 messages
|bb2 take a look at CRL you may be interested. I've been buyer over the last few sessions. A little late to the party but it looks very interesting. Watch the video presentation on the thread post 196.
|On a more pleasant note another blue finish today while most stocks turned red|
|Not from where I'm standing ;))|
|Been like that ever since I arrived BB2 must be my body odour?
|Seems a fair guesstimate Woody, I have it a little higher than 14p, not long to wait for results. Surprised how quiet this board is.|
|I know the latest TS didn't give any figures for profitability but if you consider they went from £4m to £9.4m in cash that's more than double for the equivalent period.
Then consider revenue only grew by 23% the cash has to come from somewhere. Now it's possible that some of it came from the increase in receivables at the last prelims as they were £3.5m according to the cash flow statement but that leaves a further £2m in cash to account for.
The trade creditors changes weren't that significant so any working capital improvements would most likely come from receivables and/or inventories. It's unlikely to come from inventories as revenue has grown.
Debtor days at last H2 results were around 75 days so cash collection is good anyway.
My guess is eps is well ahead of the forecast figures of around 12.2p
post note: £9m cash equivalent to 15p/share|
|I'm holding it in two portfolio's now bb2 having had a couple of nibbles today so it's beginning to become a little larger than norm for this kind of stock liquidity. Lets hope nothing untoward happens, i don't want to have to dump them quickly
|That's good to hear woody.|
|picked up a few more based on the cash balance
|Thanks for the links Martywidgets.
Hi Woody, I'd no idea you were here as I didn't look at the BB before buying though it's a big plus to see you see value here. I've bought a few lots today, I'd never heard of the company before today and on first research Ive also come to the conclusion their customers rate them very highly. I'm hoping to see 50% upside from here if the current growth rate continues. The increasing cash balances also leaves a lot of options so a good position to be in. Don't think we've been in a losing share together so let's hope our 100% record remains intact.|
|Phil Dudderidge – Focusrite 30/10/2015
From the IPO document;
Philip ‘‘Phil’’ Dudderidge, Executive Chairman and Founder, ... Phil has a distinguished career in the professional audio industry, including working as Led Zeppelin’s first dedicated live soundman. He set up RSD in 1971, building bespoke PA systems with custom-built mixing consoles. In 1973, Phil set up Soundcraft Electronics, a company specialising in live audio mixing consoles, which was sold to Harman International in 1988. Phil acquired the assets of Focusrite Ltd. in 1989. Phil served as Chief Executive Officer of Focusrite from 1989 until he became Chairman in 2012.
From earlier today, Edison resarch note
Focusrite: Right Focus
By Edison Stock Markets10 hours ago (Mar 20, 2017 06:27AM ET)
|Nice to have you on board bb2 we seem to be following one and other around at present. I've held for a little while and I'm in profit now. Disappointed no profit figures today.
I like the founders thinking. You can find a video of his thoughts on proactive investors website if i recall correctly. I think i read somewhere he used to be the sound engineer for led zep (don't quite me on that).
I've not got a large holding I'm tending to keep these illiquids small in size and go heavy on the larger small and mid caps.
I think it'll do well long term if we're patient, all the product reviews i've read have been very positive, bar a couple.
|Joined you here woody, no point you talking to yourself. I'm trying to cut back the number of holdings but this one stood out as a winner.|
|Nice update this morning things ticking along nicely.
|very quiet board ...............nice
accumulated quite a few recently after doing quite a bit of research on reviews of their products which are generally very well received. Also liked the brief update at the AGM
|Small Cap Value Report (2 Dec 2016) - TRCS, IND, TUNE
Friday, Dec 02 2016 by Paul Scott
Focusrite: Product Quality And Management Depth
By Edison Stock Markets (Dec 08, 2016 02:52AM ET)
|Edison have a 202p valuation
|The Times had a Buy article on these 02 June in which they cited fx as a major factor in profits drop...but that situation has reversed since Brexit and overseas sales are growing. They issued a trading update on 15 Sept last year;-
Revenue £26m | Net cash £4m | Pre-tax profit £2.4m
It may go by the ticker “TUNE” but Focusrite found its songs off-key in April when first-half results hit a bum note. The maker of recording equipment for recording studios and bedroom artists reported a 9 per cent rise in revenue showing its kit is in demand. Yet pre-tax profit dropped to £2.4 million from £3.5 million as it struggled with foreign exchange movements. That took some treble out of shares that had surged from 126p at its 2014 flotation to 190p.
Focusrite, which also owns the Novation brand of synthesisers, is a unique beast on the London markets: it has no peer group and little analyst coverage. Dubbed the “shareway to heaven” in honour of its founder, a former Led Zeppelin audio engineer, it is more likely to get toes tapping with its new products than its numbers.
Hence the launch of the new Scarlett USB audio interface, which sits between a microphone and a laptop, is a big event for the British company. The older model sold more than a million units and there are high hopes that the new version will retain Focusrite’s kingpin status. The stock trades on an 18.4 times valuation, suggesting upside potential if the product is another hit.
My advice Buy
Why Products in demand and stock could hit a high note
|Read Edison's note on FOCUSRITE, out this morning, by visiting hxxps://www.research-tree.com/company/GB00BSBMW716
"Focusrite continues to deliver solid growth supplying the changing music content creation market with a steady stream of well-received new products. Interim results showed a 3% increase in adjusted EBITDA (to £4.8m) despite increased marketing, and the board’s confidence is demonstrated in an 8% dividend increase. With the company’s experienced management team and excellent track record, we see potential for Focusrite to augment organic growth with complementary acquisitions at some stage. Yet based on consensus the FY16e EV/EBITDA is only 9.6x ..."|
|Video interview with Phil Dudderidge
Focusrite PLC (LON:TUNE), the group that provides tech products to the music industry, released a solid set of first half results for 2016, with revenue up almost 9% on the previous year to £25.9mln and underlying earnings (EBITDA) rising to £4.8mln.
Phil Dudderidge, chairman and founder of Focusrite, tells Proactive its two established brands - Focusrite and Novation both grew in the first half, with an increase in demand from Asia, particularly South Korea, where people have “woken up to electronic music”.
He also says that he is pleased with the uptake of its Launchpad app, which is a software version of its hardware range, allowing anyone to start creating music.
The focus for this year will be to continue to grow organically, as well as to branch out into other product categories, which can be done organically or through acquisition, with the company “actively looking at businesses that are ripe for acquisition” Dudderidge adds.|
|Read Panmure Gordon & Co's note on FOCUSRITE, out this morning, by visiting hxxps://www.research-tree.com/company/GB00BSBMW716
"Interims feature growth in both brands (Focusrite + 11%, Novation +7%) and growth across all regions (US +7, EMEA +3%, ROW +30%). The results are in line with guidance and are a function of great products, at each price point (remember this IPO promise) by a high performing staff pool (5th Year as 100 Best Small Companies to work for). While the sales ‘wrinkle’; from last September/October is now working its way out – note Q2 “double digit” sales – its ‘exhaust fumes’ are still partly found in a higher inventory and a longer DSOs. A confident CEO Dave Froker reiterates FY guidance and we think his enthusiasm is based on shipment of the latest ‘Red’ range and further product introductions expected for H2. We leave our estimates largely unchanged, but reflect longer DSOs. From valuation perspective we like the EV/Sales (1.8x), EV/EBITDA (10.3x) and PE (18.6x) – all illustrative of an attractive valuation ..."|