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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Fountains | FNT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 86.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 86.50 | 86.50 |
| Top Posts |
|---|
Posted at 02/9/2009 19:17 by 9degrees ggodbye Fnt Hello CNT |
Posted at 25/7/2008 22:00 by charliecharlie2 In response to Blackb1rd. To make cutbacks 2 months before ye would be a pretty bold move, almost suicidal. They seem to be targeting large scale contracts, but these come with a very high mobilisation cost. It seems that cashflow is a major problem and not costs, have they been rumbled by a customer on a big contract????? If historically they are consistently having to reduce costs and staff as stated over the last couple of years, and if they are successful in winning new work, then how are they going to cover costs and have staff available to manage the new contract mobilisation? From experience any contract mobilisation costs are extremely high against revenue for the first 6-12 months.If new work is awarded and commences within the next 2 months all the costs will be in this fy and the revenue in the next fy. Again from experience, reduce the turnover, increase the profit. IMHO they are stretching themselves thinly, particularly where cash is concerned and eventually something may well snap. That may well have a further effect on the share price between now and ye. How many times do they have to have a restructure and cost cutting exercise when the same management team are overseeing it? a IMHO hold onto your hats and sit tight, this could be another fnt rollercoaster ride!! |
Posted at 24/7/2008 10:33 by praipus Better that the management are honest. Suppliers shareholder and employees can deal and plan based on honesty deceit and lies are the things to watch for IMHO.Though you may have a point if they are incompetent. No mention of the dividend perhaps thats for another profit warninng...time to short perhaps? Fountains Trading Statement RNS Number : 7593Z fountains PLC 24 July 2008 Press Release 24 July 2008 Fountains plc ("Fountains" or the "Company") Trading Update Fountains plc ("Fountains" or the "Company") wishes to update its shareholders on its current trading. At the time of the Company's interim announcement on 20 May 2008, management had received indications from some customers that their lower ordering patterns would reverse in the summer months. As the Company nears the end of July it has become clear that this reverse has not materialised. Reduced levels of contract spend are continuing in Rail, Highways and some Utilities contracts which reflects the wider economic uncertainty. The Company is reducing costs to lessen the impact of the decrease in turnover. However, the Company is negotiating a number of new large scale contracts that will support ongoing turnover growth. It therefore needs to retain sufficient resources to mobilise these contracts swiftly. Management are of the opinion that the Company will fall significantly short of market expectations of sales for the current financial year. As a result, the Company anticipates a final result close to breakeven for 2008. The Company expects to report net cash at the year end, and to maintain its strong balance sheet from which to win and commence new contracts. Fountains last year had a record performance of £44.7 million turnover and £1.8 million operating profit. Turnover growth of 27% has been achieved over the past two years. Richard Haddon, Chief Executive of Fountains said: "We have not lost any customers this year; however we are experiencing a delay of work orders on some of our contracts which will affect our year end performance. I am confident of continuing the strategy for growth that we have followed. - Ends - For further information: Fountains plc Richard Haddon, Chief Executive Tel: + 44 (0) 1295 750 000 richard.haddon@fount Nomad: Collins Stewart Mark Connelly Tel: + 44 (0) 207 523 8350 Media enquiries: Abchurch Charlie Jack / Stephanie Cuthbert Tel: +44 (0) 20 7398 7718 charlie.jack@abchurc Notes to editors Fountains plc (AIM:FNT) is a leading environmental support services provider. The Company delivers a diverse range of integrated managed services for its broad network of clients, in the UK and the US, which include local authorities, rail networks, energy providers, national parks and corporate and family landowners. In addition to its traditional service, Fountains has developed sophisticated geospatial technology software that creates high quality maps to predict future vegetation growth, enabling Companies to proactively plan. Headquartered in Banbury, Fountains was established as a forestry management operation in 1957. The Company listed on the AiM market in 1995 and has since developed into an extensive environmental support service company. Today the Company employs 800 staff For further information visit www.fountainsplc.com This information is provided by RNS The company news service from the London Stock Exchange END |
Posted at 24/7/2008 09:37 by pugugly Yet another profit warning - Management appear to lack control of their business - Seem to have profit warnings every couple of years or so - Last set in 2006. Previous 13/3/03 when price fell to 75/78.Will the dividend be cut?? |
Posted at 09/7/2008 17:34 by praipus Dunno really but may be lumber prices just comming off a low or just sentiment.This is a link to the ishares ETF for wood though most of its in the US. What made you buy FNT? |
Posted at 03/7/2008 11:04 by praipus So 9degrees I assume you are on the bear tack. What was the attraction to FNT?New web site looks good IMHO |
Posted at 02/5/2008 21:36 by typo56 The dividend arrived in my selftrade account yesterday - over 5 weeks late. No email or other confirmation. |
Posted at 22/4/2008 11:43 by praipus I recieved the FNT dividend cheque on the 25th of March. |
Posted at 22/4/2008 11:41 by praipus Typo56 Have had the same problem with Selftrade myself. Selftrade unfortunately are a law unto themselves when it comes to dividends. I have had delays of over three weeks very poor for a broker to be so slow on divi's IMHO. Part of the reason for only holding dividend bearing stocks in certificated format where I can. |
Posted at 21/4/2008 17:43 by typo56 Have other holders received the dividend due to them on 25 March? It still hasn't been credited to my selftrade account and, in spite of chasing, selftrade have not come back to me with any explanation as to why it has not been paid.I guess the problem dates back to the AGM debacle. However, my understanding is the dividend was approved and should have been paid on 25 March. |
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