Facilities By Adf Share Discussion Threads

[cumbrian2] 09/10/2023 10:26

Was tipped at the weekend in SCSW. Expecting a number year next year with writers strike resolved and backlog of productions to catch up

[masurenguy] 09/10/2023 09:57

Interesting rise this morning based on a small trading volume - circa 70,000 shares - and no news!

[petes5] 28/9/2023 08:46

Not too sure what the big studios want here. Within a few years AI will be doing most of the writing. I think they are simply testing the water to see how hard they can push and it really depends on the support from the actors who cannot really be replaced. AI is out of the box and jobs like writing will go.

[ali47fish] 28/9/2023 08:26

you're right

[saurish] 28/9/2023 08:14

You're somewhat mistaken. Ex div date- 05/10/23. Payment date- 27/10/2023.

[ali47fish] 28/9/2023 08:07

dividend due yeterday not paid?

[lennonsalive] 25/9/2023 16:31

Actors still on strike still

[masurenguy] 25/9/2023 07:17

The Writers Guild of America reached a tentative deal with Hollywood studios, all but ending a strike that fed a TV and film production shutdown.
Sunday, September 24, 2023

Union leaders said that after Writers Guild board members approve of the deal, which could happen as soon as Tuesday, they will also vote whether to end the strike — even as the ratification vote among rank-and-file writers is underway.

[masurenguy] 24/9/2023 00:36

Hopes rise of a deal to end Hollywood’s long-running writers’ strike

Hopes of a settlement to end Hollywood’s long-running writers’ strike are building after reports that writers and studios may be nearing a deal. The Writers Guild of America (WGA) was locked in talks with the bosses of some of the nation’s largest companies last week in Los Angeles. No agreement was struck, but at 10pm on Friday the WGA issued a statement saying the parties would meet again to continue talks today. Philippa Childs, the head of the UK’s broadcasting union Bectu, said the news had provided “some hope” for her members, many of whom have been out of work as a result of the industrial action. An industry source said: “This is as hopeful as it’s felt for a while.” Variety, the Hollywood trade title, reported that the sides had moved “significantly closer” to ending their stalemate and suggested a “tentative deal” may be close.

Complete article:

[adamb1978] 18/9/2023 12:05

Thanks Rivaldo. Do you have their turnover forecast for FY24? 8.8p EPS looks aggressive to me, absent getting turnover into the £55m - £60m range.

H1 turnover was £22m...I guess if that grows 25%-40% and then double it for a full year, you get into that range.

Still on my watchlist - my main concern is around the cash generation

[nakedmolerat] 18/9/2023 11:52

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

[rivaldo] 18/9/2023 11:07

Cavendish (aka Finncap) now forecast just 1.5p EPS this year, assuming that the writer and actor strikes aren't resolved until the end of the year.

Net debt is set to increase to £18.9m (from £11.7m last year).

They forecast 8.8p EPS next year assuming a return to normality.

I wonder if the return to shorter and presumably more geographically diverse work as noted by Cavendish - in order to "go after all available work" given the strikes - will cause transport costs to rise again as per last year. And of course interest rates are so much higher, though they may ameliorate at some point (maybe next year).

Whether to invest at present is obviously a gamble on whether the market will look forward to next year or whether the shares will drift on the more negative outlook for the next few months and in the prelim numbers for this year.

[petes5] 18/9/2023 08:22

Read recently that Disney were not releasing certain programs for tax purposes. I believe Spiderwick Chronicles were one. Programs are complete and all paid for but do not want to show revenue for it. My take on this is that they have programs in reserve and could sit out this screen actors strike for longer. Release the programs in a future tax year.Not ideal for ADF, however I am a holder and will continue to hold.

[adamb1978] 18/9/2023 08:05

Opex has ballooned. £3.6m in H2 FY22, £5.0m in H1 FY23 - can someone help me understand that? It means that operating profit is lower in H1 this year than H2 FY22.

Can someone remind me of seasonality in the business? Perhaps that explains it. I held until the very start of this year but sold in Jan.

Thanks

[lennonsalive] 18/9/2023 07:58

How much of an impact?Whilst the Writers Guild of America and Screen Actors Guild strikes are causing a short-term impact on the business,

[blondviking] 18/9/2023 07:43

agreed looks good

[ali47fish] 18/9/2023 07:27

sounds good- hope i havent missed anything!

[lennonsalive] 06/9/2023 14:37

Warner Bros. Discovery expects the ongoing Hollywood strikes to have a $300-$500 million negative impact on the company's 2023 earnings.

[lennonsalive] 30/8/2023 10:11

The longer the writers strike continues the more damage to the industry and future productions. It will also mean holes in the schedule for next and future years for tv and film.

[masurenguy] 30/8/2023 07:20

Notice of Results

Facilities by ADF, the leading provider of premium serviced production facilities to the UK film and high-end television industry, confirms it will be announcing its half year results for the six months to 30 June 2023 on Monday, 18 September 2023.

[masurenguy] 18/8/2023 13:11

One of the few blues in a sea of red today. Shares were oversold and we have now seen a 30% rise over the past 4 weeks. 😎

[lennonsalive] 04/8/2023 19:54

Dave don't you love me anymore ??