Fonebak Share Discussion Threads

[pixi] 25/2/2008 13:59

They are waiting on news like the rest of us.

[swag6363] 19/2/2008 17:10

no buying interest at all, I wonder why major shareholders are not supporting the share price

[mark43] 20/11/2007 20:23

why move the regestered ofice to a private home address ? ? ? curious? ? ? ?

[attilio7] 10/11/2007 05:46

saw fonebak on the one show,last night they were involved in some sort of charity thing.interesting seeing inside the warehouse.

[pixi] 18/10/2007 18:36

Looking healthly in a world increasingly controlled by Brussels red tape.

[source] 27/9/2007 00:22

Good solid progress in todays results and the cashflow was quite impressive...No wonder their banks are happy.

Seems management are quietly positive after putting in a good solid foundation in 2007, now seem to be looking to deliver growth --- Should hopefully seem the shares higher in the coming months (hopefully! :)

Regards,
Source

[pixi] 11/9/2007 22:28

With all the noise on EU Directives, I bought 10,000 yesterday.

[source] 01/9/2007 22:21

Thanks mark43 - it seems Fonebak have recently started a lot of "cleaning of decks" & sharpenng up of the operational side -- most of this is going on due to the hiccups in its fast growth & is being carried out by its new CEO & finance director. Is th problem you seem to be characterising temporary or a past problem?

It would seem their unique WEEE environmental accreditation etc is a real differentiator & could give it a shot at lot larger markets...Any buyout by O2 would have to be at a much higher price than currently given the prospects & transient problems of swallowing a large aquisition after a long period of fast organic growth.

The current year should show a solid recovery and start making up for the massive falls FON suffered earlier this year IMO...

Regards

[mark43] 01/9/2007 11:37

O2 arent happy with Anovo their current repair arm so looking to bring repairs "in house" by aquisition. However the way Fonebac are losing manufacturers creditation because of sloppy work and dodgey warranty claims due to incompetent management and being run by pond life plus one brain cell, it may not happen.

[davebowler] 31/8/2007 13:26

Who is the main competitor in the U.K.?

[source] 30/8/2007 23:26

Mark43 2 questions:

1) > are O2 Looking to buy Fonebak!?

2) > What accreditation issue are you talking about? Seems Fonebak would be
the most qualified to handle it...

Regards

[mark43] 14/8/2007 19:38

Not looking good. Having now lost Nokia acreditation, their biggest account, how will Orange get their repairs done under warranty?

[mark43] 29/7/2007 17:49

If 02 do buy Fonebak will they ditch Anovo as there current repair company?

[source] 29/7/2007 11:47

Largely drifting but found this interesting article. Confirms the big trends to FONs benefit, which should out in a quite positive way in due course.

Regards,

Laws on recycling electrical equipment come into force
By John Willman, Fiona Harvey and Maija Palmer

Published: June 30 2007 03:00 | Last updated: June 30 2007 03:00

Consumers shopping tomorrow for a new electrical appliance or electronic gadget will find something has changed at the check-out. Along with their change and receipt the retailer will give them some information: what arrangements have been made to dispose of the old equipment so it can be recycled in accordance with European Union legislation.

The long-delayed waste electrical and electronic equipment regulations come into effect on July 1, requiring distributors and producers to make arrangements for disposing of appliances and gadgets - even if sold or made by other companies.

DSG, which owns Currys and PC World, is offering to take back the old equipment in its stores, as is the electrical retailer Comet, which will charge a fee of up to £20. Most other retailers have paid their local authority to accept it on their behalf at their local waste tips.

Once handed in, the equipment will be taken off for recycling, to meet EU targets for the percentage of the materials that must be recovered to reduce the amount dumped in landfill.

As a result, a new industry is born this weekend, whose value the government has estimated at up to £400m a year. Yet many questions about how the new rules will work remain and some businesses are concerned that they will end up paying higher costs because competitors have not made their products recyclable.

One of the biggest problems businesses and the government face in implementing the legislation is lack of awareness among consumers.

A survey for Comet found only 2 per cent of people knew of the new recycling requirements - compared with 95 per cent who knew of the smoking ban. Half of those questioned did not recycle their electrical and electronic waste and a fifth said they did not know that it could be recycled.

A wheelie bin with a cross through it has been on appliances and gadgets since August 2005 to indicate they must be recycled but 71 per cent did not know what it meant. Nearly one in five of those questioned thought it meant "no wheelie bin collection in this area" and 16 per cent said it meant "please do not leave wheelie bins out in the street".

The introduction of the new rules has been long delayed, with arguments over who should pick up the bill. In the end, the government ruled that manufacturers and importers should pay, according to their share of sales in any year - even though much of the equipment to be recycled was made by others.

The work of collecting the old appliances and having them recycled will be handled by 37 registered producer compliance schemes.

However several parts of the system are not yet in place. "There is still no complete list of approved treatment facilities," says Scott Butler of ERP, the second largest scheme in the UK and part of a group that recycles electrical waste in eight other EU countries.

[source] 15/7/2007 20:24

No news in the papers I could find about this...Guess there must be something big, and as of yet unsurfaced, going on.

Regards

[mali7] 13/7/2007 17:42

Thats a big jump, and the directors have been able to buy really cheap shares at 52p!!!

Anyway if back to profitability then definatley a lot more to go!

[source] 13/7/2007 13:27

No hard news yet but there are obvious attractions (some below):-

> They had fallen way way too much.

> The planned recovery back to profits is well established, with strong cash-flows.

> Very large insider buying too.

> They have an attractive, solid core business & they seem to be at the forefront of growing market(s), regulatory and social trends.

However none of the above is particularily new news for such a sudden market realisation to occur....

Guessing here, but it could be that the price move could be due to a takeover?

If so there should be plenty to go for yet given the above attractions.

Regards,
Source

[liveinhope] 13/7/2007 10:00

Would hope comapny would make an announcement responding to sudden, sharp rise in price, even if to say it knows no reason why. Doesn't have to though.

[zooshare] 13/7/2007 08:57

whats driving these up this am? cant see any news or buying

[mali7] 28/6/2007 16:36

That is some shares bought by management. But how did they buy them for 52p each?

[mark43] 26/6/2007 19:58

The "executives" get a reward, the bonus for the employee's...nil. Will the company last till 2010 with it's present management and the condition of the market for which it trades?