Facilities By Adf Share Discussion Threads

[yasx] 17/6/2022 00:13

Masure,

You advised myself not to engage the troll EM (to which I agreed) - but you then go on to respond to or about him yourself.

I might as well therefore add more to the mix - Eezy M gets things far more wrong than he ever gets right, and usually remarkably so. Take the old LVCG - he was on record stating that was set to fold - it went on to become a ten bagger within months of his prediction of doom and gloom.

[eezymunny] 16/6/2022 16:19

Everything you´ve posted about lately seems to have gotten absolutely trashed masurenguy. As you don´t appear to want to hear any bear case about anything, I´ll guess you´re long them all. Rabbit in the headlights into this horrific stagflation? So very sad if that´s true :)

[eezymunny] 16/6/2022 16:12

Are you still harping on about a buyout 3 years ago Masurenguy? Presumably not going to mention the hundreds of great calls I´ve made on these boards, the public real-time portfolios that I ran etc?

As you wish, loser...how´re you doing this year? I´ve made a tidy mint as usual - love these bear markets.

[rivaldo] 16/6/2022 14:03

Ah, as ever EM you try to create an argument where there isn't one :o))

I specifically discussed the OWNED fleet (see Note 3) - of course there are a large amount of vehicles owned on HP as well since ADF mix and match. So, as I said, that's why the owned portion of the fleet is such a good investment.

ADF were part-utilising the IPO proceeds to reduce HP leasing costs anyway, which would be a sensible move if HP interest costs rose, though of course given ADF's market-leadership I'd guess they're in a good position to pass such costs on.

[eezymunny] 16/6/2022 13:18

Ah Rivaldo, one weeny simple question for you.

If they OWN their fleet, to what do you attribute the 11.5m quid of lease liabilities for "Hire Fleet and Motor Vehicles" in the company results? Your dreamer rampy rocket ship perhaps?

Ref note 6 to accts.

[hastings] 16/6/2022 12:25

And also, they are very confident that 2023 will be equally as positive as 2022. Programme makers/streamers already planning well ahead, so plenty of traction with an increasing number of players in the market.

[rivaldo] 16/6/2022 11:16

Nope, only you that's worried EM :o))

ADF are achieving higher utilisation rates due to the booming demand. and forecasts include an element of chargeable price growth to customers.

Plus ADF's OWNED fleet is very young, so refurbishment won't be necessary for some years - and when the vehicles are disposed of at end of life they usually get back 50% of their cost!

[eezymunny] 16/6/2022 10:58

People worried about budgets for the TV producers next year IMO. Rightly or wrongly. Plus any new leasing contracts will be at higher interest rates presumably?

[rivaldo] 16/6/2022 10:55

Bonkers cheap now imho, with huge visibility for 2022 being "almost fully booked", plus a strong Balance Sheet, with £3.5m net cash forecast at the end of this year to support likely earnings-enhancing acquisitions.

Down 11% on tiny volumes - forced sellers are being fleeced by the MMs.

[yasx] 14/6/2022 11:59

Masure,

Agreed - not responding to his twaddle from now since he has no real intention to discuss the bull/bear case, merely setting out to cause mischief.

[eezymunny] 14/6/2022 10:08

Oh and on Feb 22 you said about ADF "I have taken a look at this and it seems to have scope for further upside - recently came to the market, and oft that is not the most enticing place to look for value. However, I am long and will wait to see how things develop"

It´s down c. 25% since then.

Does that make you a useless clown? NO postcards required.

[eezymunny] 14/6/2022 10:04

You keep saying CAM is my "top pick" yasx, when I´ve made it perfectly that that is not the case.

Then you say "Camellia, your top call to back over the past couple of years", when my first post showing a slight positivity (on May 6th 2022) said "Not the worst place to park some cash for a while methinks...". It´s up c. 10% since that post in a miserable market.

Does that make you a) a great poster, wanting to share sensible opinions or b) a lying, make things up to suit your purpose, clown?



Answers on a postcard.

[masurenguy] 13/6/2022 14:36

For goodness sake yasX - stop feeding the troll !

[eezymunny] 13/6/2022 08:35

Such twaddle and fantasy. Another PI´s meagre portfolio destined for money heaven. Good.

[yasx] 12/6/2022 15:54

Eezy,

Tea drinking might not be cyclical, but that was not my point - you clearly have an inability to read. I did state that Camellia would continue to feel the impact of higher energy prices/ fertiliser costs. Are you denying that? Take the scenario in which energy costs rise further still. Have you factored in that 'possibility' as you do with ADF? The reality is rising energy costs and logistical issues being a problem for Camellia is a strong possibility since the Co. has itself conceded that. On the other hand, reduction in demand for ADF's services is unlikely since the Co. has indicated that looking forward things are looking increasingly strong with good visibility. That is why ADF shares are performing (in relative terms) far better than your top selection Camellia, which has been on a downtrend for the past five years with a charitable trust having a majority holding thus ruling out the prospect of a bid which is the only potential upside scenario i can see for that one. You need to learn the basics and only then start offering commentary on shares.

The probability of a possibility occurring is what needs to be looked at. The probability of a possible slowdown in demand for ADF's services is low. Put the spectacles on and cease acting like the resident clown.

Hope that helps.

[adamb1978] 11/6/2022 19:57

There's the possibility of the world ending tomorrow, but I wouldnt factor that into my investment decisions!

Regarding customer demand for ADF, the chances of it being low are remote IMO. Their customers are battling for subscribers at the moment and I cant see that changing for the next few years. The thing which keeps customers is original, new and exciting content. Any of ADF's customers which doesnt invest in content will be dead in the water and quickly.

I wouldnt want to own the shares of a pure-play ADF customer, but ADF are on the other side of that dynamic and very well positioned IMO

[eezymunny] 10/6/2022 18:37

yasX

Camellia is valued at half tangible book and tea prices are rocketing. Tea drinking is about the least cyclical thing I can think of! Durrrr.......I´ve decided not to take you at all seriously after those comments! Camellia is also not my "top pick". You just made that up and that´s naughty, so stop it.

I say there is the POSSIBILITY of poor demand here. Nobody knows. The fact that they haven´t managed to fill the order book for this year when it was almost full months ago is a small red flag, no?

[yasx] 10/6/2022 16:25

EeezyLosses,

You aver that there is the prospect of insufficient customer demand - what do you base this on, since the official statements from the Co. very recently suggest the exact opposite.

If you believe there will be an economic slowdown, that will affect all service Co's, retail, housebuilders and so on. Do why is the other guff you are invested in immune to such a contraction in the economy?


Perhaps you might wish to explain why your top selection of Camellia will be immune to the impact of higher energy prices/ fertiliser costs? Or is ADF the only Co. in the entire market that is subject to risks of contraction and so on.


It costs to be stupid - the more stupid you are, the more it costs.