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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Colefax Group Plc | LSE:CFX | London | Ordinary Share | GB0002090453 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 780.00 | 0.00 | 07:38:14 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 770.00 | 790.00 | 780.00 | 780.00 | 780.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Fabricated Textile Pds, Nec | 107.16M | 5.79M | 0.9309 | 8.38 | 48.55M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 780.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 03/2/2025 | 12:48 | UK RNS | Colefax Group PLC Holding(s) in Company |
| 22/1/2025 | 11:12 | ALNC |  Colefax shares rise as ups dividend but warns on Trump tariffs |
| 22/1/2025 | 07:34 | ALNC | *Colefax Group declares interim dividend of 2.8p, vs 2.7p YoY |
| 22/1/2025 | 07:00 | UK RNS | Colefax Group PLC Half-year Results |
| 27/11/2024 | 13:43 | ALNC | EXECUTIVE CHANGES: Wishbone Gold hires former Goldman banker as chair |
| 27/11/2024 | 07:00 | UK RNS | Colefax Group PLC Board Appointment |
| 25/10/2024 | 12:16 | UK RNS | Colefax Group PLC Holding(s) in Company |
| 25/10/2024 | 11:18 | UK RNS | Colefax Group PLC Director/PDMR Share Dealings |
| 25/10/2024 | 11:08 | UK RNS | Colefax Group PLC Holding(s) in Company |
| 24/10/2024 | 07:00 | UK RNS | Colefax Group PLC Result of Share Buyback |
Colefax (CFX) Share Charts1 Year Colefax Chart |
|
1 Month Colefax Chart |
Intraday Colefax Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/2/2025 | 20:51 | Colefax Group | 158 |
| 12/12/2022 | 14:38 | BUY IN COLEFAX CORP | 21 |
| 21/2/2020 | 19:30 | potentially undervalued imo | 135 |
| 10/2/2008 | 20:55 | 5% Div return plus sharebuyback program! | 53 |
| 22/1/2003 | 09:45 | Colefax Group results | 7 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 28/4/2025 09:20 by Colefax Daily Update Colefax Group Plc is listed in the Fabricated Textile Pds, Nec sector of the London Stock Exchange with ticker CFX. The last closing price for Colefax was 780p.Colefax currently has 6,224,280 shares in issue. The market capitalisation of Colefax is £48,549,384. Colefax has a price to earnings ratio (PE ratio) of 8.38. This morning CFX shares opened at 780p |
Posted at 01/2/2025 17:34 by salver2 A big delayed trade of 12000 at 801 and 5000 at 802 - a sell I think as it was on 30 Jan but very close to the mid price - maybe the company bringing shares in issue to 5.9 million from 5.917 million- just a thought |
Posted at 23/1/2025 13:30 by pireric I do find somethings it's easy to fit a valuation to a narrativeThis stock is comfortably cheaper than it was last week. That's nothing to do with the Green discount. It's due to most investors not knowing that there was a material shadow earnings upgrade yesterday. Because who gets ready access to Peel Hunt research? Hardly anyone. I've seen that before plenty of times at other stocks. Price discovery usually prevails, even if it takes weeks, and CFX has seen that plenty of times in it's own history. It's also illiquid which puts off the marginal buyer a lot of the time. Lastly, on screener, it may come across at 10x P/E, but investors then won't realise there is such a large net cash pile or that the earnings forecast is probably materially lowballed. The valuation will probably improve from here. Even 6x ex cash is very low by CFXs own history, based on the above factors. And yes maybe governance is another factor - but the market tends not to care as much when a company has deployed textbook share reductions and buybacks compared to one's that haven't Eric |
Posted at 23/1/2025 13:26 by mr5k The reason the shares are so cheap is the Green discount. Yes, it is a good business, but Green, who is rather canny, has managed to control it through share buybacks. So, this has effectively become a family business,and the Greens have paid no premium. It is clear that his son - about whom we know little is being groomed to take over. The history of nepotism is at best mixed and at worst downright bad for a business. Moreover, the age of the board makes the US senate look youthful. |
Posted at 22/1/2025 22:12 by salver2 If it was sold for the same price as Farrow and Ball i would get to 17 pounds a share -they both have a similar turnover but Farrow and Ball make 25 million after tax and Colefax around 5 -so on a crude basis Colefax should be worth a fifth -80 million plus its cash 20 million-100 million which is roughly 17 pounds |
Posted at 22/1/2025 21:55 by pireric Interesting, Salver.I am not sure why I am going down the rabbit hole this deep but CFX is fascinating market case study. The 2021 Farrow & Ball acquisition gives an interesting precedent. It was sold for an enterprise value of about £400m in May 2021 by the looks of it, compared to £101m of sales and £25m of profit after tax. For context, in 2023 it did £103m of revenue and £20m of profit after tax. So it was sold for nigh on 4x EV/sales, and 16x EV to net profit after tax. Bear in mind that F&B has exceptional margins so the EV/Sales will look very high Even so, CFX is on... - About 0.3x EV/Sales - Pretend Peel Hunt is right (probably too low), so about 6x EV to net profit after tax In a trade sale, would struggle to believe they couldn't get at bare minimum 10x EV/net profit after tax which is crudely about £11/share Eric |
Posted at 22/1/2025 20:50 by salver2 Your right there he likes the price as low as possible sells a few shares in the buybacks (gives a few away to family members) his sons now have 10 percent and he’s got about 18 percent |
Posted at 22/1/2025 18:39 by pireric Just FYI, the EPS growth.. the 12.5% is the weighted average effect on share count year over year. So bear in mind they've done buybacks/tender offers in basically every prior year tooSo the full amount of last year's buyback won't even be realised in this year's figures, it'll be in next year's figures, which means even next year's EPS growth will be benefiting from the buyback completed last year.... if that makes sense. In other words, the full lowered share count will only be seen through the full FY26. FY25 only has about half of the buyback benefit as it took place in early October, which was around the half-year mark. So only half the year's benefit in FY25, and the full year's benefit in FY26, meaning that even FY26's EPS growth will benefit from the FY25 buyback (in October 2024) Eric |
Posted at 22/1/2025 14:54 by pireric OK I am actually touch out on 100p but with some loose maths I can get to 95p+If we take a split of 58/42% on first half second half profitability. Then you get about £7.5m of PBT for FY25. Then on fx rates, each cent is about 170k of profit. The first half rate was 1.29. Let's assume 1.25 for the second half. Then that's an incremental about 170*0.5*4 cents which is about £7.85m of PBT for the year Times that by 75% for tax and you get to £5.9m of net income. Divide by the weighted share count for this financial year which looks like about 6.03m, and you get 98p. It would be 100p if it wasn't a weighted share count and you did it ok the actual run rate. Plus or minus 8p off that for a range Whichever way you dice it, 4x ev/ebit is the wrong multiple for this business. And also 3% share price rise on a 37% earnings upgrade is very miserly. Expect it to push on once the new EPS numbers hit investors screens and when they inevitably do another large scale tender offer. Would not be surprised if the company decide to cash out at some point and realise a meaningful takeover premium from here. GL to holders 2.5-3% interest on a corporate cash balance, though may not all be held in an interest bearing account. On 18m that is 450k to 540k. First half was 232k so looks pretty reasonable salver Eric |
Posted at 22/1/2025 10:02 by salver2 The reality is that earnings per share have been raised 35 percent today and the shares have gone up 2 percent - if they were lowered 35 percent it would have lost 30 percent |
Posted at 22/1/2025 08:13 by pireric Excellent results from Colefax, especially on a constant currency basis. I was looking at this yesterday wondering why Peel Hunt were only forecasting 58p of EPS this year. Now its 79.4p so a 37% upgrade, and with the dollar where it is, it may end up much closer to 100p.It's a shame the liquidity is not good here as otherwise it's something I'd consider buying Looks very cheap though, at 6x P/E excluding the significant net cash balance, and if they hit closer to 100p, then less than 5x. Then you layer on the total returns on this business over the last 25 years... may be one of the cheapest quality-adjusted valuations in the whole UK market. The board will probably try to poke around and do further tender offers. But like the last one, if you hold, it's really not obvious you'd accept these share price levels! Eric |
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