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ADF Facilities By Adf Plc

51.80
0.00 (0.00%)
08 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Facilities By Adf Plc LSE:ADF London Ordinary Share GB00BNZGNM64 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 51.80 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
51.40 52.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 34.8M 794k 0.0074 70.00 55.85M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 51.80 GBX

Facilities By Adf (ADF) Latest News

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Date Time Title Posts
17/9/202419:40Facilities by ADF PLC; Ambitions to grow its business to Ј100 million revenue858
06/9/202314:37ADF Ramp Free115
24/6/200119:40PBB TOTAL LOAD OF CRAP DO NOT WASTE YOUR MONEY130

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Facilities By Adf (ADF) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-10-07 15:21:0351.709,2474,780.70O
2024-10-07 13:09:3752.309,0004,707.00O
2024-10-07 13:07:2152.3018,0009,414.00O
2024-10-07 12:52:3252.2020,00010,440.00O
2024-10-07 11:42:0251.305025.65O

Facilities By Adf (ADF) Top Chat Posts

Top Posts
Posted at 07/10/2024 09:20 by Facilities By Adf Daily Update
Facilities By Adf Plc is listed in the Business Services, Nec sector of the London Stock Exchange with ticker ADF. The last closing price for Facilities By Adf was 51.80p.
Facilities By Adf currently has 107,822,776 shares in issue. The market capitalisation of Facilities By Adf is £55,852,198.
Facilities By Adf has a price to earnings ratio (PE ratio) of 70.00.
This morning ADF shares opened at -
Posted at 16/9/2024 08:20 by adamb1978
I previously owned ADF but sold out 18-24 months ago.

The problem with them is that keeping the price high somewhat relies on analysts/investors focussing on P&L (EBITDA and above) rather than cashflow.

The reason I say that is £2.7m was spent on leases in H1, however under accounting rules that now hits the P&L as deprecation and interest, rather than opex, so the £2.5m Adj EBITDA becomes negative once you subtract the lease costs. Focussing on EBITDA is completely mis-leading.

Company needs to be valued on a P/E or Adj EBITDA minus lease basis (unless you're investing on the back of a recovery in its end markets, and therefore more of a growth focus)
Posted at 27/8/2024 12:20 by rivaldo
What are people's thoughts on this?

ADF said in the acquisition RNS that:

"the Company currently expects to report unaudited H1-FY24 revenues of approximately £15.2 million and H1-FY24 adjusted EBITDA of approximately £2.5 million"

Assuming Autotrak makes £4.3m EBITDA again this year, that contributes around £1.4m to ADF, giving £3.9m EBITDA on top of the H1 result.

But Cavendish's forecast is for £12.6m EBITDA for this year. Which means the core ADF business will have to earn a whopping £8.7m in just this H2 in order merely to meet forecasts.

Have I miscalculated? If not than there's surely a huge possibility of a profit warning/downgrades?
Posted at 22/8/2024 16:36 by mammyoko
Acquisition looks good - EV/EBITDA of under 5 and 'The Acquisition will be significantly earnings per share accretive following integration into the Group'
Posted at 26/4/2024 07:40 by tomskate13
P/e looks attractive at this price prior to strikes cant see why it would move lower, nice little cheap company i bought in hope there was a potential someone may make a bid
Posted at 16/3/2024 14:29 by hedgehog 100
"DISABLED ACCESS DAY

Disabled 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 5pm



The 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 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 03/8/2023 07:46 by masurenguy
Half year trading update and Notice of Results

Facilities 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 15/2/2023 23:02 by rivaldo
Good to see Paul Scott giving ADF the thumbs up on Stockopedia:

"Facilities by ADF - TU (in line) - Paul - GREEN - in line expectations update for FY 12/2022. Sounds perky about the outlook for 2023. Quite nice company I think."

"Full year trading update

Facilities by ADF, the leading provider of premium serviced production facilities to the UK film and high-end television industry, today provides an update on trading for the full year ended 31 December 2022 (“FY22″).

Strong trading delivering on all areas of growth strategy

Key points from today’s update -

FY 12/2022 results in line with market expectations.

Revenue up 13% to £31.4m

Adj EBITDA up 3% to £7.9m

The reason why increased revenues didn’t flow directly through to EBITDA is because (previously announced) smaller individual contracts meant more down-time as equipment had to be moved around between jobs. So this mix effect does show the flaw in the business model – gaps between jobs, which could get a lot worse the next time the industry has a recession (no sign of that at the moment though).

Cenkos (many thanks!) publishes an update note today, showing that the £7.9m EBITDA becomes £4.3m PBT. As it’s an equipment hire business, we cannot just ignore the depreciation charge.

Basic adj EPS is 4.6p, so the PER is 12.7x which seems reasonable to me.

Capex – it spent £8.9m enlarging the hire fleet in 2022, with similar spend expected in 2023. Which raises the obvious question as to whether this is value for money, given that the big capex barely moved the dial on EBITDA in 2022?

Expansion in the UK is continuing, more detail in the announcement. It sounds as if things are going well. There was previous talk about expanding into Europe through acquisitions, which I’m not at all keen on. Better to stick to its knitting in the UK, I reckon.

Outlook - we’re told several times that the order book is strong, but no figures are provided.

Cenkos is forecasting a big increase of 50% in revenues for FY 12/2023, and EPS rising from 4.6p (FY 12/2022) to 6.3p. This type of equipment hire business should probably be valued on a PER of about 12, so I make that a share price target of 76p, a useful 30% ahead of the current share price.

My opinion – I’ve always quite liked this share – it floated at a reasonable valuation, and raised fresh money for the business in its IPO (unlike so many companies which float so that a private equity backer can exit at a premium).

The UK seems to be a popular destination for big TV/film productions, so there seems to be plenty of work available for ADF, and it sounds upbeat about the future.

It’s a cyclical business, so at some stage there’s likely to be a downturn, hence why I wouldn’t over-pay for this type of share. But right now, it looks to be in a good spot, and the shares seem reasonably-priced, hence I have to give it a thumbs up as things currently stand."
Facilities By Adf share price data is direct from the London Stock Exchange

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