Facilities By Adf Share Discussion Threads

[florence141414] 08/11/2022 11:06

Disco, I think that you are making a fundamental mistake in the way that you are assessing the cash position and cash burn. This is not meant as an attack, only an observation.

You say that the 16m should be discounted because it has already been earmarked, you then also say that they burned 1.1m in H1. This is where you are mistaken as you are essentially spending the 16m twice. You can either discount the 16m up front and then say that they made a 1.1m profit in H1 or you can say that they have 16m but burned at a rate of 1.1m in H1. As such their cash position in two years time will be -16m capex plus the operational profits.

The reason for this is that they are only burning cash on a capex basis (i.e. the spending of the 16m that you have already discounted up front). If it was'nt for this spend then they already have a profitable operation. As such their cash position in two years time will be -16m capex spend plus operational profits of 4-6m. Not -16m capex spend -4.4m cash burn as you suggest.

[disc0dave45] 08/11/2022 10:32

Not good to see Ennismore reduce their holding significantly by a whopping 58%.....and then good old RB selling at a loss at 50.2p.

[disc0dave45] 08/11/2022 10:28

I say old chap, thanks for mentioning AGFX as I saw their rather spiffing results this morning. May I ask when did you buy in there?......cough cough :)Apologies for off topic

[rivaldo] 08/11/2022 10:15

Good to see Killik & Co buying more ADF. They now own 2.292m shares in ADF and have gone above 3% (up from 2.86%):

[disc0dave45] 08/11/2022 09:30

Forecasts based on ONE broker, the house broker. Hope one doesn't invest based on that criteria, hardly statistically significant analysis.

[melton john] 08/11/2022 08:21

The other one which came up is Argentex AGFX which is worth a look at today's results.

[melton john] 08/11/2022 08:05

I won't be responding to repetition of already stated criticism and negativity. I think we get the point but some of us are more concerned with the future than driving by looking through the rear view mirror.
I did a search on Stockopedia for shares with increasing earnings per share. Always a good comparison because it excludes the busy fools who lose more as revenue increases or the losers who keep afloat by issuing new shares to dilute existing holders.
One of my criteria is price/earnings growth which puts high P/E numbers into perspective when EPS growth is high.
ADF is such a share with predicted earnings growth which many institutions bought into at the IPO. The following are forecasted figures.
PE Ratio (f) 8.9
PEG Ratio (f) 0.4
EPS Growth (f)32.6%
Dividend Yield (f)3.42%

[masurenguy] 08/11/2022 01:11

Thanks for your reply. You've just clearly demonstrated everything that I previously stated in post #515 above. Contrarian opinions are always very welcome to provide objectivity and balance but your very juvenile trolling and deramping is totally different and it just says far more about you than I ever could.

[disc0dave45] 07/11/2022 18:52

Oh dear, what’s the matter old chap you seem incapable of accepting an opposing view, have you not heard about freedom of speech.
I will continue to post here as often and as much as I like, in fact the more childish attacks I receive from the likes of you the more I’m inclined to do just that.
Good luck old bean

FILTERED

[masurenguy] 07/11/2022 18:37

Why are you still here? You don't trust the management and don't rate the company or its market. Everyone is entitled to their own opinion but having reached your conclusion why do you continue to constantly deramp the stock day after day? Most people would have moved on to pastures new and to focus on stocks that they actually rate but you clearly think that you are so clever and insightful that you need to educate ignorant and foolish shareholders here in investment criteria. That's a contrarian position to ramping and it is just troll behaviour.

[melton john] 07/11/2022 17:46

Looks like one of Killick's clients just bought 124800, maybe that was him. Whoever it is obviously doesn't care what you think. Never mind eh.

[disc0dave45] 07/11/2022 10:40

Also from H1 they stated:Net cash at 30 June 2022 was GBP2.4 million - net debt at 31 December 2021 was (GBP7.6 million).Edit - think my £2.6m cash burn in H1 may include some of IPO costs of £1.5m. So will correct to cash burn of £1.1m in 6 months.

[disc0dave45] 07/11/2022 10:26

I’d forgotten they said this in their H1, and just for those that keep saying they have £16m in cash:
“The Group has committed to new fleet capital expenditure orders of c.GBP7.8 million and GBP8.2 million for 2022 and 2023, respectively. Final capex for these years will be ahead of this with ad-hoc purchases and the fitout costs of some vehicles and trailers.�

So unless my maths is wrong 7.8 + 8.2 is equal to £16m, and unless I’m mistaken “aheadâ€? means more than, so they will be eroding cash and some just on vehicles. Then there’s the fit out costs for the new premises as well as additional Capex on their new operational hub.

So in excess of £16m has already been committed and their 6 month cash burn was £1.1m…….so will ask again, does anybody know how they are going to fund all these so called additional expansions?, rivaldo seems to have all the answers, as do other down tickers but nobody is prepared to share that info!…..go figure.

[disc0dave45] 07/11/2022 10:13

I'm merely posting what he posted, the facts the he sold in September at 50.2p. So how is that a positive?Will repeat again, no where in his latest article does he state that he holds the stock. Lots of pundits have some positive views about stocks they don't hold, and probably never will hold as the negatives outweighs the positives.

[rivaldo] 07/11/2022 09:51

I'm merely posting what he posted last Thursday, which sounds nicely positive. So shoot me :o))

[disc0dave45] 07/11/2022 09:38

So prove it instead of making assumptions. Post up that he holds and what he paid. He didn’t say he holds in his latest update.
The facts that we know are as I posted, he sold at less than what it is today. Doesn’t sound like a positive view does it!.

[rivaldo] 07/11/2022 09:31

Presumably he's bought back in since otherwise he wouldn't be commenting :o))

His spreadsheet summaries are sometimes slow to catch up, and he also has his personal holdings which are additional to those he summarises on the web page spreadsheet.

Whatever the case, it's nice to see someone else with a positive opinion.

[disc0dave45] 07/11/2022 09:20

Robbie Burns bought at 56.78 on 24th June, sold at a loss (50.2) on 20th Sept.

[rivaldo] 07/11/2022 08:18

Just noticed this nice update from Robbie Burns -the Naked Trader - on his web site from the other day. I hadn't realised (or had forgotten) that he's bought into ADF:

"ADF today announced it's opening a new facility at a big studio in Scotland.

A lot of money is going into studios up there including Amazon which is putting a lot in.

There are going to be a lot of shows made up there.

Good opportunity for ADF to have first mover advantage.

The market really ought to be rating ADF shares a lot higher."

[disc0dave45] 04/11/2022 18:53

I should hope spending £13.5m on assets does increase demand!
It’s old news, it’s the leased property adjacent to their existing property. Fair play it was going to be fully staffed and operational by the end of this year so looks like ahead of schedule.
Have a good one

Ps premium can add another tick now I’ve edited the post, enjoy.

[chubb24] 04/11/2022 16:30

It's definitely not the new site in Longcross, Disco.

What I like in that statement is "enable us to meet the increasing demand for our services".

Have a good weekend all.

[disc0dave45] 04/11/2022 12:51

Is that the leased property they mentioned in the H1 results or the new site at Longcross?.

[rivaldo] 04/11/2022 12:35

News from last week of further expansion:



"New Factory

ADF is pleased to announce the expansion of its Bridgend workspace with a new 5,400 sq ft factory unit, to support the increased demand for the Group’s services. This is another key milestone for the Company as it continues to build on the significant progress made since listing earlier this year. The new factory is perfectly situated right next to ADF’s current factory and will bolster the existing 9,000 sq ft of factory space currently available. This latest addition will help to promote further growth in the business through the creation of new employment opportunities.

Deputy CFO, Ross McDiarmid commented, “We are excited to announce this latest expansion to our existing factory portfolio which will generate new employment opportunities and enable us to meet the increasing demand for our services. We have seen strong momentum across the business over the past year and this new factory demonstrates yet another example of our commitment to continuing this upwards trajectory.”

Published on October 28th, 2022"

[disc0dave45] 04/11/2022 11:38

All the best to you too.Be interested in what they say.