Share Name Share Symbol Market Type Share ISIN Share Description
Focusrite LSE:TUNE London Ordinary Share GB00BSBMW716 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.00p +0.60% 168.50p 165.00p 172.00p 168.50p 167.50p 167.50p 6,363 10:05:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 48.0 6.5 10.4 16.2 97.86

Focusrite Share Discussion Threads

Showing 51 to 59 of 75 messages
Chat Pages: 3  2  1
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;- Focusrite 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
"We learn that Focusrite CEO Dave Froker (60 years) is to retire towards the end of the calendar year and head back to his native California. To echo the thoughts of Executive Chairman Phil Dudderidge Mr Froker leaves Focusrite in a strong position with a three year strategic growth plan in place and depth in the Board room and wider management team to execute on those plans. While news of any CEO departure is unsettling we remind that trading remains in line, Mr Froker is there for another six months, and he has been working with the executive team to develop a 3-year product roadmap so we do not envisage operational disruption. Remember, Founder and local lad, Phil Dudderidge (CEO from 1989 – 2012) is well-ensconced as Executive Chairman and will doubtless ensure that Focusrite remains one of the crown jewels in the UK tech sector." Panmure update: Https://
Read Edison's note on FOCUSRITE, out this morning, by visiting hxxps:// "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:// "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 ..."
Read Panmure Gordon & Co's note on FOCUSRITE, out this morning, by visiting hxxps:// "With a tag line that “Playing together is now easier than ever”, we note that a month after the launch, Blocs Wave for iOS now has Ableton Link support. With Blocs Wave, you can now jam in sync with other Link-enabled apps simply by joining the same wireless network – so musicians can focus on playing music, rather than fretting about the ‘tech’. Once again the debut is accompanied by an illustrative video which is part of Focusrite’s wider community engagement exercise. More evidence of a pacey technology insertion rate, another software product, and another product which is box perfect – fit for the mantra of ‘making music easier to make’. We like this, and the attractive 10.25x EV/EBITDa valuation. We leave our forecasts and recommendation unchanged, and retain our ..."
Read Panmure's note on Focusrite (TUNE), out this morning, by visiting … “The revolution continues and this morning we are talking to you dear investor – "You! Yes, you! Stand still laddy!” Focusrite once again is driving a revolution in how music is created. Democratising music by making it easier to make. Note the latest product debut, a free web-based marketing tool in the form of a virtual Launchpad controller for browser-based remixing, which shows Focusrite widening TAM and appealing to a new generation of music creators – as another day dawns we have another online opportunity to escape the shackles of the desk job and free the hampered creative spirit. Focusrite is not selling Launchpad Intro, nor will it be available through app stores for free. It is purely a publicly available web page. The debut is accompanied by an illustrative video which is part of the company’s wider community engagement exercise. We managed to have a chat with Focusrite’s Marketing Director Giles Orford to understand the approach. In a trading update, 14 March Focusrite said that it was trading in line with expectations…”
Spread, depth, and accuracy is persuasion, no pun intended at the building society
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