Facilities By Adf Share Discussion Threads

[ali47fish] 27/12/2024 17:52

so who is right one person buying the other is commenting negatively-any clarification and referring to evidence that is accessible to all will help

[aishah] 09/12/2024 12:41

Topped up at the open. A very interesting update in SCSW over the weekend.

[masurenguy] 08/12/2024 10:26

AAA-rated Staveley adds four recovery stocks to keep Rockwood rolling

The third is TV and film location provider Facilities by ADF (ADF). Although hit by last year’s writers’ strike, it offers structural growth due to the demand for content from multiple streamlining services. "We supported a key strategic acquisition to diversify the business, drive scale and unlock revenue synergies. High barriers to entry abound, supported by strong margins, which does not justify a single-digit price/earnings ratio. We expect a recovery in trading, further accretive bolt-on acquisitions and a justified rerating of the shares, which we purchased at 50p." Staveley said.

I previously held a position here but exited @53p at the end of May since the shares seemed to be trapped in a 50p - 60p range following their IPO almost 3 years ago. The subsequent 40% drop after last months trading update re-establishes ADF as an interesting value proposition as Staveley has pointed out above. Maybe a little early to reinvest but worth a place again on my watchlist.

[mirabeau] 03/12/2024 16:32

Harwood up

[qs99] 03/12/2024 07:47

Decent size purchase. BUT would need more on Board to be dipping hands in pockets IMO if this is a credible "bounce" story into 2025.....especially the CFO!

DYOR

[aishah] 03/12/2024 07:31

CEO buys £25,000 worth of stock:

Facilities by ADF, the leading provider of premium serviced production facilities to the UK film and high-end television industry ("HETV"), announces that, on 2 December 2024, Marsden Proctor, Chief Executive Officer, purchased 79,947 ordinary shares of 1p each ("Ordinary Shares") at a price of 31.60 pence per Ordinary Share.

Following the purchase, Marsden Proctor now has a beneficial interest in 1,479,947 Ordinary Shares, representing 1.37 per cent. of the Company's issued ordinary share capital.

[aishah] 02/12/2024 09:07

Interesting observation by a contributor on Stockopedia citing lots of activity from film set buyers in the last few weeks.

Should benefit ADF imo

[aishah] 29/11/2024 10:00

Harwood Capital upped holdings by 955k shares on 13th November
I've added a few today.

[nakedmolerat] 27/11/2024 14:49

British television is dying

hxxps://www.thetimes.com/culture/tv-radio/article/industry-analysis-british-television-decline-comment-b5l589gk0

[gripfit] 24/11/2024 21:22

And when the fleet needs updating to electric to satisfy the green loonies….. ???? Money pit imho …. Good luck

[red ninja] 19/11/2024 09:30

From Rockwood Strategic Interims :-


Facilities by ADF

The 'writers' strike' of 2023 impacted this business which provides premium-quality serviced vehicle hire for TV and Film productions, specialising in high end TV/feature films to some of the world's largest traditional and on-demand content production companies such as Netflix, Amazon Prime, Sky, Paramount+, Disney+, Apple TV, HBO Max, ITV and BBC. The industry appears to have structural growth due to modern demand for attractive content for which ADF's 700+ vehicles provide high quality studio and on-location assets. Sales are expected to have almost doubled in the three years to December 2024. We supported a key strategic acquisition to diversify the business, drive scale and unlock revenue synergies. High barriers to entry abound, supported by strong margins which does not justify a single digit PE ratio. We expect a recovery in trading, further accretive bolt-on acquisitions and a justified re-rating of the shares which we purchased at 50p. On current market expectations, the shares were valued on a PE of 5x for their financial year 2025, at period end.

[nakedmolerat] 18/11/2024 19:11

what a terrible float this has been, of course the writers strike making it worse. why the hell are they paying a dividend if not making money, they should keep that cash pile. i cannot see the share price recovering until there is good news on a recovery. it's a bit like catching a falling knife, when will stop and where is the bottom?

[qs99] 14/11/2024 15:45

would be good to see more BoD buying, put their £s where their collective mouths are.

Personally have doubled down for next year as feels like slippage rather than fundamentals, but DYOR....let's see...one for the patient now, need some better contract win type RNS and steady as she goes updates for next 6 months to restore confidence....

[chester9] 13/11/2024 07:40

John Richards Non-Executive ChairmanPurchase of Ordinary Shares Price 30.5 volume 200,000This actually makes it worse. Yes we knew it was bad so waited for price to drop by 40% to show confidence by buying at 20p less than the mugs we convinced who bought at 50p. Awful show by Bod. Feels like a used car salesman telling you they will buy the old banger back from you at 40% discount when they told you they it was perfect when you bought it.

[gopher] 13/11/2024 00:57

The most telling stat of the day was 20ml shares traded out of 56ml; there must be a lot looking for a new home but it's difficult to see where. A reiterate my post that there is no hurry to buy into this stock as they need some decent trading more than ever. That won't happen till next summer.

[eigthwonder] 12/11/2024 09:52

And they wonder why UK small caps struggle to gain the confidence of investors....

[chester9] 12/11/2024 09:41

If FY revenue 35m of which autotrak would be 4m that gives H2 15.7m for ADF. Thats 21% up for H2. Agreed miles off Cavendish. 40% growth on ADF next year gives 51m. (Includes 8.3m for autotrak) SP 31p gives PE of 8. Given lost trust this looks priced right if you take optimistic 40% growth next year. Not sure I would wait for 40% to come true.

[monet] 12/11/2024 08:38

Raised 10 million at 50p in a placing only 3 months ago

[bigbigdave] 12/11/2024 08:35

Yes, covered in the July and October issue this year plus 4 times in 2023.

[saucepan] 12/11/2024 08:28

Another SCSW "gem", if I recall correctly.

[eezymunny] 12/11/2024 08:15

The sacrificed bodies of the EBITDA worshippers are piling up...

Always been a rampy EBITDA-quoting nonsense IMO.

If you held, you deserve the kicking IMO.

[kevph] 12/11/2024 08:07

325 staff NI impact next year so they can write off 2025 as well. They could have mentioned this, instead there are some vague promises of stuff in the pipeline and it will be OK. No creditability at all. Wasted far too much time on this money hoover. Onto something else.

[pireric] 12/11/2024 07:57

Spot on Chester. How truthful were the company over the past few months given what this announcement is saying?

An awful look, and I'd go as far to say they have permanently ruined their public market reputation already. Deservedly so.

Shambolic and a complete bargepole stock for many investors now I suspect, regardless of where the valuation gets to.

Spend time investing in good companies with track records of delivery, not what ADF have messaged in recent months and announced today. Not worthy of public market investor attention.

[chester9] 12/11/2024 07:35

Cavendish forecasts in tatters