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ADF Facilities By Adf Plc

50.00
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Facilities By Adf Plc LSE:ADF London Ordinary Share GB00BNZGNM64 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 50.00 4,813 08:00:00
Bid Price Offer Price High Price Low Price Open Price
49.00 51.00 50.00 50.00 50.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 31.41M 4.61M 0.0581 8.61 39.7M
Last Trade Time Trade Type Trade Size Trade Price Currency
13:26:45 O 4,813 49.75 GBX

Facilities By Adf (ADF) Latest News

Facilities By Adf (ADF) Discussions and Chat

Facilities By Adf Forums and Chat

Date Time Title Posts
16/3/202414:29Facilities by ADF PLC; Ambitions to grow its business to Ј100 million revenue834
06/9/202314:37ADF Ramp Free115
24/6/200119:40PBB TOTAL LOAD OF CRAP DO NOT WASTE YOUR MONEY130

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Facilities By Adf (ADF) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
12:26:4549.754,8132,394.47O
2024-04-18 13:56:2851.005025.50O
2024-04-18 13:56:0150.976,8433,487.88O

Facilities By Adf (ADF) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Facilities By Adf Daily Update
Facilities By Adf Plc is listed in the Business Services, Nec sector of the London Stock Exchange with ticker ADF. The last closing price for Facilities By Adf was 50p.
Facilities By Adf currently has 79,407,419 shares in issue. The market capitalisation of Facilities By Adf is £39,703,710.
Facilities By Adf has a price to earnings ratio (PE ratio) of 8.61.
This morning ADF shares opened at 50p
Posted at 16/3/2024 14:29 by hedgehog 100
"DISABLED ACCESS DAY

Disabled Access Day 2024 March 16

Disabled Access Day takes part every two years and is all about trying something new ...

In 2015 Disabled Access Day began as a day to celebrate good access and created opportunities for people to try something new. The day was about highlighting the fantastic access that already exists in places, ..."




02/05/2023 06:00 UK Regulatory (RNS & others) Facilities by ADF plc Final Results LSE:ADF Facilities By Adf Plc

" ... ESG

... We are also working closely with Underlying Health Conditions (UHC), a pressure group for disabled representation in the TV & Film Industry and have started to manufacture, supply wheelchair access Honey wagons as well as adapted American 2-ways.

In 2022, we also joined forces with the TV Access Project (TAP), created to actively work towards achieving a more inclusive television production sector for disabled talent. The TV Access Project is an alliance of 11 Broadcasters and Streamers led by the BBC and Channel 4 working alongside disabled creatives in the industry to create sustainable change. It has been formed in response to the campaign by UHC. ADF will continue to work with UHC and TAP to listen, learn and make changes that will make a difference, such as our Wheelchair Accessible Honey wagon and bespoke adaptions to artiste trailers depending on the user's requirements. TV and production manager Katie Player noted that "ADF have created an exceptional asset. By thinking about accessibility throughout the design process everything is integrated so brilliantly. UHC are delighted to be supporting ADF in their efforts to bring about change the industry requires". ..."
Posted at 26/2/2024 12:41 by melloteam
ADF will be one of the companies discussed on the BASH (Buy, Avoid, Sell, Hold) panel during this evening's MelloMonday webinar on Monday 26th February 2024, starting at 5pm



The programme is as follows:

5:00pm Market overview from ‘Queen of Tech’, Vin Murria
5:10pm Company presentation from AdvancedAdvT
5:40pm Damian Cannon explains the Zulu Principle
6:10pm Company presentation from React
6:40pm BASH Special


There will be over 500 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions.
Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.


FREE Investment Trusts and Funds Event on the following day, Tuesday 27th February, at 1pm.
Register for FREE here:

1:00pm Keynote presentation from Edmund Shing
1:30pm Company presentation from Ocean Dial and the India Capital Growth Fund
2:00pm Company presentation from River and Mercantile UK Micro Cap
2:30pm Andrew Latto presents ‘Fundsmith – Thirteen Years On’
Posted at 31/1/2024 09:19 by ali47fish
masure surely impact on adf insignificant
Posted at 31/1/2024 01:17 by masurenguy
Netflix stays ahead by focusing on the numbers
The streaming group added 13.1m subscribers in the three months to the end of December, its largest fourth-quarter subscriber growth on record

The streaming group added 13.1m subscribers in the three months to the end of December, its largest fourth-quarter subscriber growth on record, easily beating a consensus forecast of 8.97m. Analysts have forecast net new subscribers of 4.1m for the March quarter, albeit still far ahead of the 1.8m added over the same period last year. For the fourth quarter this year, 6.2m new subscribers are forecast. The question is whether Netflix can hold the balance between spending on content and recapturing a greater share of the global streaming market. Nevertheless, the market’s growing confidence looks to be more firmly grounded than it has done for some time.

Complete article:
Posted at 09/11/2023 09:09 by qs99
great thanks both, glad to be on a board with you both on it!

Look forward to some decent share price appreciation and trust level heads can formalise the tentative agreement...DYOR
Posted at 07/11/2023 10:55 by rivaldo
It's hard to understand how ADF's shares have held up so well. Today's news is that:

"Hollywood strike goes on as actors reject ‘last, best and final’ offer".

Holders will have had plenty of chances to exit with this H2's results certain to be extremely lacklustre, and the article below points to "dangerously thin" schedules for next year.

On the face of it ADF look very cheap on next year's forecasts, but surely those forecasts will have to be cut. And it's not as if ADF are exactly flush with cash, so their financing/borrowing position will be interesting.

In normal conditions ADF look a good company, but normal conditions seem unlikely for some time now:



"Hollywood studios and cinema chains are desperate to end the strike, which has stopped production and forced chief executives to delay major releases, leaving the 2024 film calendar dangerously thin"
Posted at 03/8/2023 07:46 by masurenguy
Half year trading update and Notice of Results

Facilities by ADF provides an update on trading for the six-month period ended 30 June 2023.

ADF delivered a strong financial performance in H1-FY23, with high levels of fleet utilisation following on from a solid finish to the financial year ended 31 December 2022. The Company currently expects to report H1-FY23 unaudited revenues of £21.8 million and unaudited adjusted EBITDA of £5.8 million. The Group remains strongly positioned in its markets and the Board remains confident in the Company's future prospects with ADF remaining focused on investing in its offering and people to deliver its growth strategy, whilst also targeting further high-quality complementary acquisitions.

Much has been publicised in the media about USA Writers (Writers Guild of America (WAG)) and Actors (Screen Actors Guild - American Federation of Television and Radio Artists (SAG-AFTR)) strikes which have been impacting productions around the globe. As the strikes have drawn on, several film and TV productions in the UK, on which ADF is currently engaged, have seen stoppages or delays to productions that were scheduled to start filming in autumn 2023, having now been pushed into early 2024 commencement. Notwithstanding the above effects on productions affected by the USA strikes, revenues from the Group's unaffected UK productions and pipeline are expected to generate revenues for the full year ending 31 December 2023 of between £35 million and £40 million, assuming there is no resolution to the strikes in the current financial year. ADF continues to assess the impact on its planned work programme for the remainder of the financial year in conjunction with its production company contacts. Any alleviation of the prevailing strike action will provide the potential for further upside in the current financial year.

The Company expects to provide a further update at the time of its H1-FY23 interim results which will be published in mid-September 2023. As the industrial action normalises, the Board is confident that there will be significant levels of pent-up demand for film and high-end television productions, akin to that seen post the initial onset of the COVID-19 pandemic, and that the Group is well placed to benefit given its market leading position.

Marsden Proctor, CEO, said:"The Group delivered a strong first half, building on momentum from the prior year. Whilst the Writers and Actors strike is causing a short-term impact across our entire industry, as a Board, we are confident the Group is in a strong position to capitalise once previous productions level resume, and therefore remain very confident in the long-term success of ADF."
Posted at 20/2/2023 12:03 by rivaldo
New tip for ADF on i.i.i as a stock to buy and hold for the long term:



"Facilities by ADF
64p

ADF was the first AIM new admission of 2022 and it won the best newcomer at last year’s AIM awards. The company provides vehicles and services to the film and TV industry, and it is investing the £15 million raised from its stock market listing at 50p a share to grow the vehicle fleet.

Facilities by ADF has also acquired Location One, which also provides services to the TV and film industry. The initial cash payment is £4.5 million with a further £1.7 million of deferred consideration in shares. The other £2.7 million is dependent on achieving earnings targets over a three-year period.

Clients include Netflix, HBO and Disney. Investment in content for streaming platforms is leading to increasing demand for services, and visibility of work is good. Profit was lower in the first half, but the second half was much better. That is because there were more series with longer filming times, rather than short projects.

A strong order book underpins expectations for this financial year. Pre-tax profit is forecast to rise from £4.3 million to £6.6 million on a 50% increase in revenues to £47.6 million in 2023. The share price has risen following the recent trading statement and the prospective multiple is 10. The strong demand for content makes the shares attractive without the risks of direct investment in the content."
Posted at 15/2/2023 23:02 by rivaldo
Good to see Paul Scott giving ADF the thumbs up on Stockopedia:

"Facilities by ADF - TU (in line) - Paul - GREEN - in line expectations update for FY 12/2022. Sounds perky about the outlook for 2023. Quite nice company I think."

"Full year trading update

Facilities by ADF, the leading provider of premium serviced production facilities to the UK film and high-end television industry, today provides an update on trading for the full year ended 31 December 2022 (“FY22″).

Strong trading delivering on all areas of growth strategy

Key points from today’s update -

FY 12/2022 results in line with market expectations.

Revenue up 13% to £31.4m

Adj EBITDA up 3% to £7.9m

The reason why increased revenues didn’t flow directly through to EBITDA is because (previously announced) smaller individual contracts meant more down-time as equipment had to be moved around between jobs. So this mix effect does show the flaw in the business model – gaps between jobs, which could get a lot worse the next time the industry has a recession (no sign of that at the moment though).

Cenkos (many thanks!) publishes an update note today, showing that the £7.9m EBITDA becomes £4.3m PBT. As it’s an equipment hire business, we cannot just ignore the depreciation charge.

Basic adj EPS is 4.6p, so the PER is 12.7x which seems reasonable to me.

Capex – it spent £8.9m enlarging the hire fleet in 2022, with similar spend expected in 2023. Which raises the obvious question as to whether this is value for money, given that the big capex barely moved the dial on EBITDA in 2022?

Expansion in the UK is continuing, more detail in the announcement. It sounds as if things are going well. There was previous talk about expanding into Europe through acquisitions, which I’m not at all keen on. Better to stick to its knitting in the UK, I reckon.

Outlook - we’re told several times that the order book is strong, but no figures are provided.

Cenkos is forecasting a big increase of 50% in revenues for FY 12/2023, and EPS rising from 4.6p (FY 12/2022) to 6.3p. This type of equipment hire business should probably be valued on a PER of about 12, so I make that a share price target of 76p, a useful 30% ahead of the current share price.

My opinion – I’ve always quite liked this share – it floated at a reasonable valuation, and raised fresh money for the business in its IPO (unlike so many companies which float so that a private equity backer can exit at a premium).

The UK seems to be a popular destination for big TV/film productions, so there seems to be plenty of work available for ADF, and it sounds upbeat about the future.

It’s a cyclical business, so at some stage there’s likely to be a downturn, hence why I wouldn’t over-pay for this type of share. But right now, it looks to be in a good spot, and the shares seem reasonably-priced, hence I have to give it a thumbs up as things currently stand."
Posted at 04/11/2022 08:27 by rivaldo
Been away on family hols for nigh on three weeks, so nice to see yesterday's news and the share price now back above 50p.

Cenkos's comments in their post-results note haven't been posted before, so here's some extracts FYI - they forecast 4.6p EPS for the year about to end, and 5.9p EPS next year, with very respectable 1.4p and 1.8p dividends as well:

"Healthy Half-Year Results

Facilities by ADF have released interim results for the period ending 30 June 2022 and in-line with their prior trading update. ADF achieved record revenues in H1/22A and has continued to grow their fleet to support future growth. The current trading and outlook remain in-line with our expectations, and we leave forecasts unchanged. The valuation remains attractive with an FY23E P/E ratio of 10.1x and a normalised FCF yield of c15%."

"The second half of the year is more heavily weighted towards large productions and
is fully booked, hence providing excellent visibility and confidence of meeting the
full-year expectations of record adj EBITDA levels in FY22E. The typical lead time for booking productions remains c7 months and FY23E order book continues to fill up
strongly. Cash balances at the end of H1/22A were £16m (H1/21A: £5m), providing
dry powder for further organic or acquisitive growth. An interim dividend of 0.46p
per share has been announced and is in-line with our expectations.

 Operational Overview – ADF had a busy first half, supporting 46 productions
(compared to 39 in the whole of FY21A) including: The Crown, Sandman and Slow
Horses. Customer concentration has broadened out with Netflix now representing
c20% (FY19A-FY21A average: c25%), Disney-related companies roughly doubling
their revenue share to c18% and Amazon Prime more than trebling its revenue share
to c6%. This is a trend we thought likely to take place and one we believe will
continue as Disney and Amazon scale their content offering."

" Acquisitive Growth – The IPO has raised the Group’s profile in their industry and has naturally led to a greater number of acquisition opportunities being presented. ADF has c£16m of cash balances which could be deployed on potential targets such as national competitors to increase scale, regional operators to broaden reach and complementary service providers to make their offering more holistic."

" Valuation – We believe ADF is materially undervalued for a number of reasons. Following a successful IPO and a strong FY21A, there is currently c£16m of cash on the balance sheet that could be deployed into potential acquisitions or investment opportunities, none of which are included in our current forecasts and therefore presents significant upside potential. ADF currently trades on an FY23E P/E ratio of 10.1x; we believe they should trade closer to 15x, which is at the top end of the equipment hire peers and more in-line with streaming peers given it has superior earnings growth and higher net margins. Furthermore, the normalised discretionary FCF yield is a healthy c15%."
Facilities By Adf share price data is direct from the London Stock Exchange

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