Facilities By Adf Share Discussion Threads

[yasx] 27/5/2022 12:38

Eezy,

If Netflix spend the same amount on content as last year, that is not indicative of a catastrophic situation you made in your earlier post, as follows:

"They [ADF] could end up with a lot of expensive gear that nobody wants to rent.."

Really? No change in content spending at Netflix and increased spend on content with competitors, yet you forecast demand falling off a cliff and equipment not being taken up. Did you just make that up? Try better next time, perhaps you are accustomed to dealing with novice retail mugs such as yourself.

"The company is spending big on content to shore up its position in the increasingly crowded field of streaming video as competitors including Disney+, Hulu and HBO Max try to take market share. Netflix has said it plans to spend $17 billion on content this year."

hxxps://www.latimes.com/entertainment-arts/business/story/2021-07-20/netflixs-subscriber-growth-has-slowed-dramatically

[eezymunny] 27/5/2022 12:29

"Netflix was projected to be 17 billion, the same as its content spending in the previous year"



So Netflix spend is NOT forecast to increase yasX. Did you just make it up?

Bearish views clearly are almost never welcomed by loser PIs. They will never learn.

[yasx] 27/5/2022 10:24

RP,

One reason for issues at Netflix is growing competition - that is not a bad thing for ADF. Moreover, in order for the likes of Netflix to maintain competitiveness in the market is is spending more, not less, on content going forward. How is that a negative for ADF?

The likes of Eezy do not look beyond the headlines before forming a misconceived view.

[rp19] 27/5/2022 10:21

I think that there is some potential relevance to the falling Netflix subscriber numbers. But overall, I see the content creation market growing and companies like ADF will be needed to support this. Arguably, if Netflix 'need to do more/innovate' to sustain/grown subscriber numbers then it could open up more opportunities for ADF.

[yasx] 27/5/2022 10:16

Paulie - agreed.

Eezy just came on here setting out some unsubstantiated nonsense - when he found his comments being scrutinised and taken apart he simply ducked all the issues and blathered on about Netflix. Clealry he has never studied the Co., its financial performance to date and the outlook for the same.

A novice seeking to induce immature arguments, perhaps out of a sense of boredom.

[pauliewonder] 27/5/2022 10:02

Yas - agree. No one knows for certain where the economy is going and there are clearly tough times ahead for all compared to what we have previously seen. However, if you are a shorter / deramper, then there are surely much lower hanging fruit (as you say - retail) than a company that seems to be in a very profitable niche, growing market and is trading very strongly. Will be topping up on any weakness

[yasx] 27/5/2022 09:49

Eeezy,

Before you embarrass yourself further, have you looked into the issue of Netflix's alleged falling numbers? No, thought not. I can go into it, but you seem to have a fairly low IQ and might not grasp the same. If the correlation between Netflix and ADF acitivity is as firm as you suggest, why is ADF announcing business is booming - it would be obliged to report a material slowdown relative to previous guidance and it has not.

Why don't you answer the question posed earlier - if the consumer sector is going to contract markedly (something that is likely going forward) then why would you select a Co. with a niche offering that is indicating rising, not falling demand. Why not apply the same stance to duds backed by that clown Rebel that you seem to follow who almost invariably backs retailers and housebuilders - are they impervious to a consumer slowdown?

Clearly you are not interested in a serious discussion and continue to clutch at straws.

Close the door on your way out.

[eezymunny] 27/5/2022 08:27

"Falling subscriber numbers at Netflix - that is an issue mainly specific to the Co."

So paying customer numbers falling at the biggest streamer, with the biggest range of content.

And that's to be dismissed so we can have a bullish overview tilt to the conversation???

LOL
PMSL
ROFLMAO

etc etc

Grow up FFS.

[gswredland] 26/5/2022 13:53

Thanks Hastings .
Clearly a great company to be invested in

[yasx] 26/5/2022 13:41

Hastings - noted and thanks in advance.

[hastings] 26/5/2022 12:43

Great catch up with management this morning and very confident on just this year but 2023 too. I'll hopefully add a write up in the next few days for further interest.

[yasx] 26/5/2022 12:19

Eezymoney,

Now that you have presented a bear case, I will respond accordingly:

a) You aver that consumer spending is under intense pressure and therefore this will affect demand - it is true that there are very powerful contractionary forces in the economy generally, but, it seems that this is not yet evident in the industry in which ADF operate. They repeatedly refer to a strong pipeline of shows for the coming year with increasing demand and unprecedented levels of investment in the sector. Other sectors such as clothing retailers are far more susceptible to a slowdown in the economy and those Co's have been reporting a slowdown in activity which is reflected in their shares. There is no evidence that this is the case here with all indications of increased demand going forward. They are securing additional vehicles to meet rising demand. That is not a canary in the coalmine pointing to a reduction in demand for services.

b) Falling subscriber numbers at Netflix - that is an issue mainly specific to the Co.

c) The update today states that the order book for 2022 is 'almost fully booked' - several months ago it was substantially booked. The two statements are not identical. It suggests further bookings have been secured.

d) I agree cashflow statement is more important than EBITDA, but that applies to all results.

I think you are being unnecessarily and overly pessimistic looking for issues that clearly are not there. Of all the Co's to focus on that may be susceptible to a consumer slowdown it is odd that you zoom in here. Go and cast your net wider and reel in some retailers or others in the service sector which will be hit hard by an economic slowdown, rather than concentrating on this niche offering which is experiencing rising demand for its services, beating expectations and remains on a modest rating, .and has a fairly strong balance sheet.

This is in a different sector but reminds me of CAPD - that too could be faced with drilling rigs it does not need if Co's scale back on drilling expenditure, but all the sings are indicating otherwise with improved utilisation rates there.

[johndoe23] 26/5/2022 11:39

Adjusted EPS for FY'23 is 5.9p, so a forward pe of 12. Yes folks, this is cheap. Nice write up in stockopedia today too.

[eezymunny] 26/5/2022 10:13

Yes, filter out the bear case and listen only to the bull case.

No wonder the average thicko PI stays in the poor house.

[robow] 26/5/2022 10:06

best to filter him/her

[yasx] 26/5/2022 08:38

I recall he was extremely bearish on what used to be the old LVCG several years ago (can't remember the old name) - it went on to twenty bag within a year.

[eezymunny] 26/5/2022 08:20

With Netflix subscriber numbers falling one wonders if the tailwind years are history. They could end up with a lot of expensive gear that nobody wants to rent. Very risky IMO. This year not yet fully booked and no commentary for next year. Hmmmm...

[gswredland] 26/5/2022 08:19

Back into the 60's?
Top up then...

[johndoe23] 26/5/2022 08:18

The trend at the moment certainly seems to be, even with excellent results share prices fall. Crazy!

[pauliewonder] 26/5/2022 07:58

Fantastic set of results. This is a great growth stock that has a tailwind propelling it forward. Expect to see this at multiples of the share price in coming years. Will be accumulating

[eezymunny] 26/5/2022 07:56

What miserable presentation of results.

And quoting EBITDA is just ridiculous IMO. Look at the cash flow statement first IMO.

One to avoid at the current rating?