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FREE Freeagent Hdg

120.00
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Freeagent Hdg LSE:FREE London Ordinary Share GB00BDFVDY36 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 120.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 120.00 GBX

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Posted at 06/12/2020 15:48 by logica2me
I’ve just stumbled across a new app that offers commission free trading and you can buy any amount of shares, so technically if you wanted to buy £10 of Apple or Tesla shares you can, as they sell percentages of one share.

The most exciting thing is they’re giving away one free share to every new account holder - the share will be worth anywhere between £3 and £200 !

My mate got a share worth £97 and he could sell it straight away, commission free.

Click the link below if you want to join:

Join me and invest commission-free with Freetrade. Get started with a free share worth £3-£200.
Posted at 04/6/2018 00:12 by danieldanj
FreeAgent Holdings (FREE) Earnings-Reaction to Keep an Eye
Posted at 04/4/2018 08:21 by battlebus2
Rubberbullets I did sell then but do u see the six months time difference a lot can happen between then especially when the price falls.
Posted at 04/4/2018 07:40 by rubberbullets
battlebus2 - 11 Oct 2017 - 23:21:54 - 4705 of 6047 bbus - BBUS
FREE and EMAN leave the folio.





battlebus227 Mar '18 - 19:07 - 89 of 93
0 0 0
Excellent news and a decent premium, held a small amount so well chuffed 👍





u lil liar
Posted at 31/8/2017 19:10 by psiren
hi all, i've been watching this board for a while (among other boards). Invested a nice amount from my pension pot last year. I think we will find that free agent will begin to move it's offering to other regions as part of expansion, it's the only way to go
Posted at 01/8/2017 14:09 by loobrush
Have now a holding as I think Investors now starting to realise this could be a great company and I am expecting price to be a lot higher in 6 months time as the deal with RBS really takes off.
Only a small free float so price can move fast as you will see.
Posted at 08/6/2017 15:42 by n0rbie
In Shares mag today:

Solid start for FreeAgent
Micro business digital accounting firm building solid growth base
Thursday 08 Jun 2017 Author: Steven Frazer

FreeAgent (FREE:AIM) 110p

Loss to date: 5.2%

Original entry point: Buy at 116p, 16 February 2017

We largely knew what to expect from full year results to 31 March 2017, FreeAgent’s (FREE:AIM) first since its November 2016 IPO at 84p per share. Revenues of £8m, up 41%, and marginally better-than-expected losses on the earnings before interest, tax, depreciation and amortisation (EBITDA) line is very solid progress given stage in the company’s growth profile.

Of particular note is the stunning progress made through its accountancy practice channel, where user numbers nearly doubled from 16,705 to 33,147. That compares to just 11% growth from micro business customers signing up through is direct channel, the FreeAgent website in other words.

There’s also been little impact from big TV ad campaigns of rivals (Quickbooks has been especially visible lately), largely because of FreeAgent’s deeper feature quality versus peers.

A partnership with Royal Bank of Scotland (RBS) remains in its early phase but FreeAgent anticipates having more to say in an update in September. Recently clarity from HMRC on its ‘making tax digital’ programme designed to get all business online by 2020 should be a big driver as sole traders and micro businesses adapt, with early migrations from April 2018.

An encouraging start for this exciting growth company. Still a buy. (SF)
Posted at 13/4/2017 11:42 by n0rbie
Article in Shares magazine today.

FreeAgent impresses with latest results
Micro business accounts techy passes first public company test

Freeagent (FREE:AIM) 117.5p

Gain to date: 1.3%

Original entry point: Buy at 116p, 16 February 2017

Considering first half results had been signed-off before FreeAgent’s (FREE:AIM) November 2016 IPO, the second half is the company’s first real test as a public company, and it has impressed.

Both earnings before interest, tax, depreciation and amortisation (EBITDA) losses and cash will be ‘comfortably better than current market expectations’ that were down for a loss of £0.9m and a balance of £3.1m respectively.

ven revenue of £8m, said to be ‘in line’ with estimates, look better to us versus the sole £7.6m forecast of N+1 Singer.

What stands out is that costs have been kept in check despite the temptation to ramp spending after raising £8m. That is different to many other AIM IPOs in recent years.

With £8.6m of contracted revenue in the bag for this year (to 31 March 2018), N+1 Singer’s £10.3m estimate looks well within reach. The trajectory for both company and share price looks very positive.

An encouraging start for this exciting growth company. Still a buy. (SF)
Posted at 16/2/2017 07:56 by n0rbie
FreeAgent could be the next big disruptive firm
Discover why we think now is an ideal time to buy this fast-growth business
Thursday 16 Feb 2017 Author: Steven Frazer
Great Ideas

Now is the perfect time to buy accounting software supplier FreeAgent (FREE:AIM) as we believe a rotation is underway from short-term traders to more committed longer-term shareholders.

Many investors buy companies as soon as they join the stock market in the hope of making a quick 10%+ return. A lot of floats are priced below intrinsic value, so there is an opportunity to profit once they join the market as the price moves towards fair value (or beyond).

The rally and subsequent pullback in FreeAgent’s share price since its IPO (initial public offering) in November 2016 is a textbook performance. We believe the next phase for the share price is more a sustained, albeit slower upwards rally.

WHY WE LIKE THE STORY

FreeAgent has the potential to significantly disrupt the small business accounting market.

Most of the big accounting software firms largely serve businesses with at least 20 employees. FreeAgent is focused on sole traders or firms with only a handful of staff.

An estimated 90% of small businesses still use basic spreadsheets to add up their sales. The taxman wants all businesses to comply with digital accounting by 2020. That presents a large opportunity for FreeAgent to sell its accounting tool kit.

GI FREEAGENT 160217

The £47m cap’s system provides ‘real-timeR17; tax liability tracking, invoicing and automated chasing, all seamlessly linked to a business’ bank account. Its platform is easy to use but advanced enough to charge premium fees.

In addition to direct sales, the company has successfully partnered with accountants who act as resellers. This helped customer numbers more than double to 27,137 in the six months to 30 September 2016 year on year, compared to 15% growth to 16,724 customers in the direct channel.

Average revenue per user was £17.63 on average in the period for direct sales and £10.86 from the reseller channel.

Royal Bank of Scotland (RBS) has signed up to offer FreeAgent’s software to its business bank account clients for free, paying the software firm an undisclosed licence fee.

Investors shouldn’t get carried away with this recent deal. Barclays (BARC) signed a similar partnership seven years ago which helped FreeAgent when still in its infancy. However Barclays’ importance as a source of revenue stream has ‘diminished217; in recent years, according to FreeAgent’s AIM admission document.

THE PATH TO PROFIT

FreeAgent’s average customer lifetime runs at 66 months (direct) to 96 (channel) versus customer acquisition costs (CSC) of 14 to 17 months.

Its software-as-a-service model means revenues are virtually 100% profit beyond the CSC, or between £800 and £950 per account over the contract lifetime.

Analysts forecast maiden profit in the financial year to March 2019.
Posted at 19/1/2017 22:31 by penpont
Good comment from Paul Scott:



FreeAgent Holdings (LON:FREE)
Share price: 107p (up 6.5% today)
No. shares: 40.6m
Market cap: £43.4m

(at the time of writing, I hold a long position in this share)

Contract with RBS - I only comment on contract wins that appear to be significant, in terms of being likely to trigger broker upgrades, and subsequently improved profits. Although the Directorspeak says that it's too soon to expect any material benefit to revenues in the current financial year (ending 31 Mar 2017).

The deal is that Royal Bank of Scotland is planning to give FreeAgent software (which usually costs about £25 per month, with first 6 months half price) to its small business customers, as part of a package. We're not told what bulk discount (if any) RBS has negotiated. Also we're not told what the package is - so I can't yet assess whether it's likely to be something that many customers will take up, or not. It sounds promising though.

I've not mentioned this company before in my reports here (although several of us were discussing it on Twitter a few weeks ago. It's a cloud-based accounting software company, targeting UK micro businesses (from 1 to 10 employees). The product can be seen on their website here.

I try to keep on top of new issues, and this share was listed on AIM in Nov 2016. The Admission Document sounded interesting, so I decided that the best research to do next was to actually try out the product. There's a free trial on the company's website, which is very easy to set up, as it's a cloud-based programme. So it's up & running all the time, from any computer, with no downloads, or security issues for end users to worry about.

To cut a long story short, I liked the software so much, that I moved one of my own little companies onto it, and became a fully paid-up subscriber. That reminds me of the old Remington shaver adverts - "I liked it so much, I bought the company!"

Valuation - this is where things don't look quite so rosey, I'm afraid. As with lots of up & coming growth companies, the valuation looks rich at the moment.

The company is still loss-making, although it is demonstrating a steadily rising stream of high quality recurring revenues. Customers are sticky, because the product is so good. A lot of micro businesses go bust, but more often than not the same person/people will resume trading through a new company. So FreeAgent would continue having that client.

FreeAgent is forecast to reach breakeven in 2018. Thereafter, it should become profitable.

Competition - there are other cloud-based accounting packages available Xero is possibly the best known. I am told that QuickBooks and Sage are also now selling cloud-based small company products too, and there must be lots of others too. However, FreeAgent seems to be the only decent package that is specifically designed for micro businesses. Xero is very good, I've used that too, but it's not as user-friendly as FreeAgent, for micro businesses anyway.

My opinion - this share ticks the right boxes for me, as a growth investment. Valuation is high at the moment, for sure. I imagine that most readers won't want to pay up-front for growth, so this share may not appeal.

However, the best long-term growth companies are never cheap, even when they're small. Overall though, I like it, and could see the RBS deal accelerating growth. So, taking a long term view, this could be an interesting growth share, providing nothing goes wrong.

I am nervous about competitive pressures, and the cost of acquiring new customers. However, the secret weapon of FreeAgent may be firms of accountants. I've checked with several, and they all said that FreeAgent is the best software for their smallest clients, and it's the one they recommend.

I've just done a whole year's business accounts on FreeAgent. Instead of a whole weekend typing into spreadsheets, it took me only a couple of hours to download all the bank transactions, then go through them on my smartphone, telling FreeAgent what they are. Then it learns, and automatically classifies them in future (in theory, but it didn't prove terribly good at that bit). Bank transactions will now sweep in overnight automatically, so no keying in at all! I can raise invoices (even automatic monthly ones), take a photo with my iPhone of receipts & attach them to my expenses claims for each client - all done on my phone. It's an absolutely outstanding product - try it!

I then emailed my tax accountant a login, and he reviewed everything, and even put through all the year end journals relating to tax. FreeAgent reminds me when to pay, etc. It's really good.

The shares are more speculative, and are a bet on it reaching & exceeding breakeven in the next 2 years. There are no guarantees that will happen of course.
Freeagent Hdg share price data is direct from the London Stock Exchange

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