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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ffi Holdings Plc | LSE:FFI | London | Ordinary Share | GB00BF04DT64 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 25.50 | 25.00 | 26.00 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
04/3/2019 20:38 | advfn have the P/E for this stock at 53 which is probably wrong according to the LSE London Stock Exchange have the P/E at 103 Re the share price fall total liabilities are increasing bigtime V falling earnings and cash flow from 2017 into 2018 FFI ............. 2016.. 2017.. 2018 Total Liabilities 69.25 72.41 106.05 in GDP Millions Reported EPS ..... 0.01 0.04 0.01 Operating Cash Flow 1.60 8.75 2.52 -------------------- Buywell, I've already explained all this to you in post #1356, so the fact you continue to repeat it, as a major concern, is just a reflection of your lack of integrity. The increase in liabilities is due to (1) deferred consideration and (2) liabilities for production costs, for which they have the cash sitting in restricted cash (and which is not included in their net cash figure). | stemis | |
04/3/2019 19:43 | Do have a fair degree of sympathy for those who partook in the IPO. | tsmith2 | |
04/3/2019 19:25 | The issue is whether there has been a fundamental change in the business (unbonded Netflix/streaming taking business away) or is it a temporary issue. If the former then they need to resize the business to be profitable at lower levels of business. No reason they can't do at least $5m a year, even on a smaller business. The other businesses seem capable of doing at least $10m. On a P/E of even 8, plus a bit of cash, that should support a share price at least in the mid 40's. Issue is, how they get there and how quickly. Not much help to those who took the shares at 150p... | stemis | |
04/3/2019 19:14 | even at $7.5mn eps would be ~2.5pa 10 times multiple plus net cash (10p) implies 35pthat's on no growth, trough earnings, no Panda etc etc.valuation is plain silly | tsmith2 | |
04/3/2019 19:07 | *$4m reserves for potential losses on completion. | tsmith2 | |
04/3/2019 19:06 | If they did 1/2 of $35mn what would you put these on given Liberum are pencilling in $15mn net cash as end of March 2019 plus $10mn in captive..Currently the market is giving less than 1 times FY2020 EBIT! | tsmith2 | |
04/3/2019 19:03 | there's $4m reserves on potential reserves. If we apply your logic and these are fully mitigated then H2 would be $5.5mn and annualised FY2020 $11mn.clearly they will need to make someprovision, but some of the larger deals may well be concluded before end of March (in FY2019)I think $12.5-15mn FY2020 is conservative not least with the imminent scheduling of Panda. | tsmith2 | |
04/3/2019 19:01 | The trouble is delays never seem to catch up. Initially we were looking at an underlying EBIT of $20-22m for this year. 'Delays' have now reduced that to $7.5-11.5m. I'd stake a lot of money that they'll not catch up the $10-15m next year and do $30-35m. Trouble is, no-one would believe it if they forecast they were going to anyway... | stemis | |
04/3/2019 18:42 | been reading through the Admission Document, this guy looks like he has been flying by the seat of his pants since the 1980`s,up to the company being listed. Although i must admit he has been successfully flying, now his free spirit is being reigned in by rules and regulations. Plus all these other companies they bought, looks like he is now chasing his tail. read the Trading statement a few times and its discombobulated..... what does this bit mean...... reserves for possible claims. Is their no reserves left, or have they got claims against them. I like the company, but can`t fathom what lurks beneath the surface.... WJ. | w1ndjammer | |
04/3/2019 18:29 | The breakdown in the shortfall was $4m due to lower average budget and reduced volumes. Reel Media had a $2m shortfall as some films have been delayed into next year. $4m is due to potential losses from the completion contract side where certain titles have gone over budget. They are unsure or recoveries or settlements and hence the wide guidance. All in its disappointing. It seems as though they need to accept completion business is fundamentally changed and adapt. They effectively pulled a fast one when listing. They knew the threat of Netflix and other streaming companies was going to impact them markedly and raising money to diversify was a smart move on their part. The question now is what they want to do with the business. They obviously have zero credibility. Whether they want to hunker down and deliver and make changes and rebuild trust is up in the air and reflected in the share price. At the moment the jury is very much out. I guess we will find out in the next few months. Actions will speak louder than words. They need to make big changes. | horndean eagle | |
04/3/2019 17:40 | Really sorry for holders who got sucked in on this one after the discussion a few years back. If you've got burnt here and want to try and avoid a repeat go read those books I listed a few years back | davr0s | |
04/3/2019 17:33 | Most of the shortfall is down to down to delays in completion contracts pushing revenue into calender Q2 (1Q FY2020 I.e. April-June 2019). Some of them could still come in before year end hence the range..While there is considerable uncertainty in the incidence and timing of a number of items, the Board of Directors expects Underlying EBIT for the fiscal year ending 2019 to be in the range of $7.5-$11.5 million. | tsmith2 | |
04/3/2019 17:13 | I think what you're missing is that underlying EBIT in H2 could be as low as $1.5m. Which would mean that either completion contracts was heavily loss making or the profitability in the acquired businesses collapsed in H2. If that continued into 2019/20 then we'd have a business with $10-15m in cash making $3m a year. A valuation of $28m wouldn't be unreasonable. Of course if they made $5.5m and that continued, a business with $15m in cash making $11m would be very cheap at $28m. The problem is, we don't which is the case. | stemis | |
04/3/2019 16:48 | The thing ur missing is likely what the board are missing too, they have not got a clue of the company’s finances, appears to be a complete lack of confidence in the management! | bookbroker | |
04/3/2019 15:45 | I suspect we'll see some large delayed trades being reported after close.no borrowings. Net cash $15mn plus $10mn In captive. Profitable and cash generative business, industry leaders.what Am I missing.Madness. Every time I look at the maths even using v conservative estimates it's ridiculously cheap | tsmith2 | |
04/3/2019 15:10 | don`t they need to own over 90% of the stock to do MBO WJ. | w1ndjammer | |
04/3/2019 14:06 | The big concern I have (I sold today), is that I don't really trust management (look at connections to Emergent Capital / previous information I've posted), and think there is a real risk of delisting. If they delist, I am not comfortable holding shares in them. The RNS today is very negatively worded, one could wonder if they wanted the shares to suffer today, in the lead up to either a cheap MBO or a delisting event. If they don't delist / MBO, then they could be very cheap currently. However in my opinion analysis needs to include the risk of delisting. | alan00 | |
04/3/2019 14:02 | Wonder whether we get more action when states come on at 2:30 | tsmith2 |
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