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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Facilities By Adf Plc | ADF | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 52.00 | 16:35:13 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 52.50 | 52.50 | 55.00 | 52.00 | 52.00 |
| Industry Sector |
|---|
| MEDIA |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 18/09/2023 | Interim | GBP | 0.005 | 05/10/2023 | 06/10/2023 | 27/10/2023 |
| 02/05/2023 | Final | GBP | 0.009 | 15/06/2023 | 16/06/2023 | 30/06/2023 |
| 13/09/2022 | Interim | GBP | 0.0046 | 13/10/2022 | 14/10/2022 | 30/10/2022 |
| Top Posts |
|---|
Posted at 16/3/2024 14:29 by hedgehog 100 "DISABLED ACCESS DAYDisabled 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 5pmThe 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 09/11/2023 08:55 by masurenguy Some upward momentum returning on the back of that strike settlement. I have waited patiently here for the Netflix password issue to be resolved and both the writers and actors strike to end. During that time the shareprice has held up reasonably well over such a negative period and this morning it is already up 10% and I'm almost back to breakeven. With the kickstart of new productions over the next few months ADF is now looking good value going forward ! 👍 |
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 18/9/2023 11:52 by nakedmolerat the problem is ADF are giving no indication of the disruption that will be caused short term or how much of their work is effected |
Posted at 03/8/2023 08:45 by adamb1978 I understand that people would prefer to see companies guide at a level below EBITDA, and particularly for ADF given the lease costs.However there's a trade off: - costs above EBITDA are easy to know quickly, so guidance can be given quickly - below EBITDA brings in needing to assess whether carrying values of assets need to be impaired, the various inputs to tax calculations etc For ADF, I think EBITDA guidance is very, but per EezyMunny, some commentary about leases costs (which go through D and I) alongside it would be good (not a holder) |
Posted at 03/8/2023 07:46 by masurenguy Half year trading update and Notice of ResultsFacilities 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 01/12/2022 07:17 by masurenguy Good synergetic acquisition which should immediately be earnings accretive. Funded out of existing cash resources despite the constant troll BS that they haven't got any ! 👍Acquisition of Location One Limited Complementary services create an expanded Group offering as investment in the UK Film and TV industry continues to accelerate Facilities by ADF, today announces the acquisition of Location One Limited the UK's largest integrated TV and film location service and equipment hire company. The Facilities by ADF and Location One businesses are well known to each other, with a successful history of working together on a wide variety of productions since Location One's conception. Highlights -- Acquisition of integrated equipment hire company providing complementary services to that of ADF, having worked together since 2008. -- Location One customer base includes Amazon Studios, Netflix, Warner Brothers and the BBC. -- Moves ADF towards becoming a one-stop-shop to the UK TV and HETV industry. -- Initial consideration of GBP4. 43 million paid in cash alongside issue of 3,407,419 new ADF ordinary shares, subject to lock-in agreements. -- Additional contingent earn out consideration of up to GBP2.66 million, payable in cash instalments subject to business performance thresholds over a 36-month period. -- Acquisition to be immediately earnings accretive. Location One is an integrated TV and film location service and equipment hire company supporting location and production companies across the UK with its high-quality equipment and customer service levels. Location One's offering includes generators, water bowsers, lighting equipment, environmentally friendly battery-stores/other renewable solutions and other capital light consumables, all highly complementary products to the Group's existing premium serviced production facility offering. Founded in 2008, headquartered in Barking and with locations in London, Surrey, Bristol, Newport, Manchester and Newcastle, Location One and its team of 80 employees service a customer base that includes organisations such as Amazon Studios, Netflix, Warner Brothers and the BBC. Productions that Facilities by ADF and Location One have worked on together include: The Crown, Top Boy, Lazarus, Becoming Elizabeth, Embankment, My Lady Jane, and The Gentleman. For the year ended 30 September 2022, Location One generated unaudited revenues of £9.24m and an adjusted EBITDA of £2.08m. The Acquisition is expected to be immediately earnings accretive. Location One's talented executive management, led by founder MD Crispin Hardy, will be joining the Group. Consideration Total consideration for the acquisition is £8.86m, with 50£ payable in cash on completion, 30% payable in cash equally over 3 years, subject to EBITDA performance conditions, and 20% payable in ADF ordinary shares and subject to a 12 -month lock in. The cash consideration will be funded from ADF's existing cash resources. The acquisition is expected to be immediately earnings accretive. |
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%." |
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