||EPS - Basic
||Market Cap (m)
Franchise Brand Share Discussion Threads
Showing 1 to 18 of 25 messages
Chat Pages: 1
|Curious RNS today. I was thinking of buying but will now wait to see what happens over next few days. Still looks a good business to me though.|
|45p on the cards by the end of today by the looks of it|
|On a PE of 30 and barely growing - crazy|
|How did it ever get to this ludicrous level.
I suppose the misleading ADVFN mkt cap figure doesn't help.|
|Should be back down to the 45p level by close of play tomorrow or Monday|
|Time to take some profits for me. Company profits are way out of sinc with valuation !|
|hares in Mitie have plunged 26pc after the outsourcing group, which staffs care homes, airports and offices, warned investors that “significant economic pressures” will cause first-half sales and profits to fall.
Mitie said operating profits would be “very significantly lower” than the previous year in a trading update, ahead of publishing results for the six months to September 30, amid a difficult home healthcare market and tough competition for housing maintenance contracts.
Mitie, which supplies social workers for the elderly as well as baggage handlers at Heathrow, has faced a triple hit of cuts to social care budgets, lower growth rates and higher minimum wages.
“We have taken strong action to counter the impact of these pressures by making changes now to the way we operate and initiating cost efficiency programmes across the group,” the company said.
Mitie, which has clients including Asda, Edinburgh University and HM Revenue & Customs, said it planned to cut £10m in costs by April 2017. Full-year revenues would show modest growth but profits would be “materially below” previous expectations, the company said.|
|As I thought back down it goes !|
|The MMS will drive the price higher to snare investors in and then walk the price back down for the rest of the week !!|
|Tipped in Sunday Daily Mail.
|I don't disagree with your conclusions. I'm not convinced the quality of the existing businesses is particularly high and it could be damaged badly in any downturn. Worth watching to see what kind of acquisitions they make though.|
|As an IPO this company looks way over priced.
On current share price of 42p, M Cap = 20m ; PE = 22 ; EBITDA multiple 18.
Revenue growth from 2014 to 2015 was flat
net tangible asset value is negative even after allowing for £1.3m of proceeds to be applied to reduce loans.
The only reason to buy would be the belief that management would make it grow fast and there are lots of opportunities to exploit.
Well... I am not convinced this has sufficient firepower to justify the price.|
|I haven't delved into the management structure much, but I'm pretty sure Nigel Wray was central to the old company and also this new listing.|
|From admissions doc:'The origins of the Group derive from its acquisition in September 2008 of the subsidiaries of MyHome International. MyHome International was incorporated in 2000 and its strategy was to establish itself as an international multi-brand franchising operation through organic growth and acquisitions. Following a series of acquisitions, it was admitted to trading on AIM on 29 December 2006.After its admission to trading on AIM, MyHome International continued its expansion, primarily through acquisitions. In particular, it acquired ChipsAway (via the acquisition of Edwin Investments Ltd) in November 2007, part funded by debt. However, MyHome International was unable to support the level of repayments on the debt and in September 2008 administrators were appointed. Franchise Brands acquired the business shortly thereafter, which included ChipsAway and Ovenclean, as well as MyHome.The Directors believe there were multiple reasons for MyHome International's failure, including failures of directors and management; too high a focus on start-ups and fledgling brands; over payment for acquisitions; and insufficient cash flow from the established brands to service payments on debt'Presumably completely different Directors but as the well known Buffett saying goes 'When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.'Perhaps the lesson from prior failure was these types of services (oven cleaning and cosmetic minor car repairs) hum along fine when the economy is doing ok but people just defer this stuff when times are tight?|
|I remember the last time they listed this (as MyHome International LSE:MYH). Will be interesting to see if it works out any better this time...
free stock charts from uk.advfn.com|
|Should say I've seen comments from management which indicates they think they can get more out of existing businesses so I might be a little too pessimistic|
|Market cap of just under £20m, looks like might make profit of around £1m this year. Therefore not cheap but actually for a recurring revenue model not too bad. Looking back over the last three years figures revenue isn't really growing much at all. I can't get too excited about their existing brands but they are clearly looking to buy other franchises so future placings might be on the cards. Very experienced Board of Directors and good level of ownership of shares. Could be worth a small punt and then a watch and see if they make any interesting acquisitions? Any other thoughts?|
|I am in the process of franchising my overseas property business. We have appointed a franchisee in Ireland and in Switzerland and both have started well.
Basically my company sells french and Italian properties and franchisees .
This thread is designed to collate information about all franchises for anyone considering it . As people come up with franchises I will add them to this list.
Chat Pages: 1