ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

ADF Facilities By Adf Plc

31.75
-0.05 (-0.16%)
Last Updated: 08:00:00
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
  -0.05 -0.16% 31.75 75,947 08:00:00
Bid Price Offer Price High Price Low Price Open Price
31.50 32.00 31.75 31.75 31.75
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Business Services, Nec 34.8M 794k 0.0074 42.91 34.29M
Last Trade Time Trade Type Trade Size Trade Price Currency
10:41:59 O 6,269 31.90 GBX

Facilities By Adf (ADF) Latest News

Facilities By Adf (ADF) Discussions and Chat

Facilities By Adf Forums and Chat

Date Time Title Posts
19/11/202409:30Facilities by ADF PLC; Ambitions to grow its business to Ј100 million revenue874
06/9/202313:37ADF Ramp Free115
24/6/200118:40PBB TOTAL LOAD OF CRAP DO NOT WASTE YOUR MONEY130

Add a New Thread

Facilities By Adf (ADF) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:42:0131.906,2691,999.81O
10:38:4631.688,8392,799.75O
10:02:3731.903410.85O
10:00:4731.904,6831,493.88O
09:56:1332.0030,0009,600.00O

Facilities By Adf (ADF) Top Chat Posts

Top Posts
Posted at 21/11/2024 08:20 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 31.80p.
Facilities By Adf currently has 107,822,776 shares in issue. The market capitalisation of Facilities By Adf is £34,233,731.
Facilities By Adf has a price to earnings ratio (PE ratio) of 42.91.
This morning ADF shares opened at 31.75p
Posted at 19/11/2024 09:30 by red ninja
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.
Posted at 18/11/2024 19:11 by nakedmolerat
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?
Posted at 13/11/2024 07:40 by chester9
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.
Posted at 12/11/2024 09:41 by chester9
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.
Posted at 16/9/2024 07:20 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 11:20 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 15:36 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 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 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 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