Facilities By Adf Share Discussion Threads

[rivaldo] 02/5/2023 07:32

Results out today for 2022 are well ahead of expectations...and the 6.1p EPS puts ADF on a historic P/E of just 9.6 at 58.5p.

Above all, the outlook for this year sounds very positive, with momentum continuing from the terrific H2 last year:

"Following a strong end to FY22, we have continued to trade positively in the new financial year, with an expanding order book and considerable momentum across the whole business."

The £8m adjusted EBITDA compares to the £7.8m forecast, and £4.6m PBT is well ahead of the forecast £4.3m.

The 6.1p EPS compares to just 4.6p EPS as forecast, and is helped by the absence of a tax charge this year, but would still be nicely ahead anyway given the above.

Plus there's a 1.36p dividend for the year, so a pretty decent yield at 2.3% for a growth company.

[masurenguy] 27/4/2023 01:37

Rishi Sunak hails Netflix’s $6bn spend in UK as new shows are revealed

Rishi Sunak has hailed the impact of Netflix on job creation in the UK as the US streaming service said it expected to have spent almost $6bn making TV shows and films in Britain in the four years to the end of 2023. It now spends $1.5bn a year on new productions, up from $1bn in 2020 and the $500m ploughed into 50 shows and films the previous year. The BBC spent £1.8bn on making shows last year. Anne Mensah, Netflix’s UK vice-president of content, said that the business would end up having invested 50% more over the four years than the $4bn initially projected.

Complete article:

[rivaldo] 20/4/2023 15:14

:o))

Agreed, the forthcoming prelims are certainly more relevant! Although we already know the numbers are nicely in line.

But this shows that streaming numbers are still growing, and all the different streamers - and terrestrial stations - will need to continue spending to attract/retain viewers for some considerable time to come. And such minimal spending per household isn't particularly burdensome for many relative to everything else.

Don't worry, I won't be posting every month on individual company streaming numbers etc! I just thought it was a point worth making.

[ali47fish] 20/4/2023 13:17

riv this is all a bit tangential! surely!

[rivaldo] 20/4/2023 09:45

Netflix's latest quarterly results showed a 1.75m increase in subscribers in just that 3 months, together with a 4% increase in revenues.

Investment in content will stay steady at $17 billion this year and next, and are said to be set to increase as revenues grow, especially if password-sharing and advertising initiatives start to pay off.

Subscriber increase numbers missed analyst forecasts, whilst EPS slightly beat forecasts. Of course, on a P/E of 27 Netflix is priced for perfection, so whilst Netflix itself may be a poor investment at that multiple and the share price dropped somewhat, the numbers above still look good in terms of industry growth.

I've recently read a number of articles noting that given the relatively low cost of streaming services these may continue to do well in harder times given their cheapness compared to eating out, theatre, gigs etc.

These days a year's subscription to Netflix is equivalent to just one meal out for two at Pizza Express!

[hastings] 20/4/2023 07:12

Looks as though the large ADF presence in Cambridge this week was related to filming the Crown!

[disc0dave45] 19/4/2023 18:32

So Netflix subscriber numbers missed forecasts massively: 1.75m vs 2.3m expected.As posted a few months ago it was clear that their subscriber numbers and income wasn't generating their growth in profit, and their latest results show that.The BoD are still deluded if they think the cost of living won't hit their business, it will, and Translux will be eating their lunch IMO.Https://uk.finance.yahoo.com/news/netflix-earnings-first-quarter-2023-april-18-200640705.html

[masurenguy] 19/4/2023 07:10

ADF will announce full year results for the financial year ended 31 December 2022, on Tuesday 2 May.

[rivaldo] 17/4/2023 13:39

Good to see the share price rising.

The new Harry Potter TV series is planned by HBO to be filmed over the next 10 years! It would be a great long-term and continuing stream of income if both/either of ADF or Location One were involved:

[melton john] 17/4/2023 11:21

If it's Cambridge another spy film perhaps.

[hastings] 17/4/2023 11:15

Nice to hear from a mate that there are several of their large vehicles parked up along the backs here in Cambridge. If they are there for a few days I might just drop by for a peek myself. I wonder what the production is!

[masurenguy] 11/4/2023 19:06

Hard-up Britons cut back on food bills but spend more on streaming TV

Britons cut back on food shopping and dining out last month, but spent more on streaming subscriptions. Card spending grew by only 4% compared with last March, less than half the 9.2% inflation rate, as people tried to cut their outgoings, according to figures from Barclays. However, spending on digital content and subscriptions was up 4.1%, its highest growth since October, probably driven by series premieres of popular shows such as Succession, Ted Lasso and The Mandalorian. Households had cut back on streaming to cope with the cost of living crisis.

Complete article:

[masurenguy] 23/3/2023 07:22

A heavyweight senior NXD who should be very useful going forward.

Directorate Change

Facilities by ADF, is pleased to announce the appointment of Alexandra Innes as Senior independent Non-Executive Director with immediate effect. Alexandra is an existing Non-Executive Director of the Company having been appointed in May 2022. Alexandra is also a Non-Executive Committee Member at the Bank of England, a member of the Group Executive Board at Knight Frank LLP, and a Non-Executive Director of Dowlais Group plc, Waverton Investment Management Group Ltd, Securities Trust of Scotland plc, and Schroder Real Estate Investment Trust Ltd. Alexandra's executive career spanned investment banking, global capital markets, and investment management, most latterly as Managing Director at Barclays plc, and as Director of Global Capital Markets at Bank of America Merrill Lynch.

[masurenguy] 17/3/2023 13:39

Another down day in the market and another up day for ADF ! 😎

[dunns_river_falls] 16/3/2023 16:24

Really positive move this afternoon. Hopefully just the start

[rivaldo] 16/3/2023 12:20

It's worth noting all the various tax breaks being introduced as they're not all mentioned in the articles above:

- film and TV tax relief has increased by 0.5% and been reformed in structure (instead of being reduced as feared)
- in addition, the animation and children’s TV sector will receive a new 39% expenditure credit
- soon the minimum episode length of a TV show that can qualify for tax relief is likely to be reduced from 30 minutes to 20 minutes
- and the high-end TV tax relief minimum expenditure threshold is being maintained at £1m (again allaying producer fears that it may be raised)
- plus the government also plans to allow high-end documentaries to claim for relief

Which is a pretty decent package of measures, and boosts confidence in the sector for the long-term.

[disc0dave45] 16/3/2023 10:53

Hunt tax credit actually only applies to TV shows of £1m+ per hour and in real terms has only reduced the tax by 0.5%….but a very small positive I guess and worthy of a ramp next door even though corporation tax has increased to 25%, lol.

[rivaldo] 16/3/2023 10:33

Good news for ADF in yesterday's Budget. There had been fears that tax allowances etc would be reduced (I wonder if this had to some extent held back the share price?) - in fact tax breaks for film and TV investment have been INCREASED:





"Ben Roberts, CEO of the BFI, said the reformed incentives are “a testament to how crucial they are to the U.K.’s economy and growth.” He added: “Combined with our extraordinary talent, infrastructure and technical and creative expertise the screen sector Tax Reliefs, now remodeled as expenditure credits, have super-charged our industry on an unprecedented scale.” His conclusion: “The news today will ensure the U.K. remains a truly globally competitive production hub, giving us economic recovery and growth, creating thousands of jobs for people up and down the country and enabling creative talent and storytelling to thrive.”

[niklol] 15/3/2023 20:43

Almost my only blue share today in a sea of red

[masurenguy] 15/3/2023 14:20

Good to see some strength and support here on a big down day in the market!

[ali47fish] 11/3/2023 17:46

sorry missed it

[masurenguy] 11/3/2023 11:34

The comment very clearly states, RNS 14 Feb 2023 !

[ali47fish] 11/3/2023 10:18

masure please specify if this is from the last set of results or date fo this publication if more recent

[masurenguy] 11/3/2023 08:58

Cenkos have forecasted an increase in projected eps by 57%, to 6.3p in FY 2023. Based upon that, the current PER is circa 9 and, if achieved, this should pave the way to an increase in the shareprice within the range of 75p - 95p over the next 12 months. Final results for 2022 are due in May this year.

"With a healthy sales pipeline, growing network of contacts, and positive market backdrop, the Board is confident that the Group's progress over the last year is set to continue in the coming year. We have entered FY23 in a very strong position with considerable momentum across the business. We have a growing addressable market, an expanding network of contacts, an enhanced offering and a high-quality business model driving growth in Group revenue. These factors, coupled with a strong order book, underpin the Board's confidence in the long-term success of ADF." RNS 14 Feb 2023.

[disc0dave45] 02/3/2023 09:49

Snippet from ITV outlook today in their finals:"Given the current inflation in the production market and general cost inflation, we expect the margin to be at the lower end of the range in the shorter term"