Fih Share Discussion Threads

[value hound] 07/8/2023 07:28

Excellent results and worth around a quid more IMO - comme d'hab...

[weatherman] 19/6/2023 22:12

Two trades of about five-and-a-bit grand, and the price is down nearly 10%. Maybe due to Labour seeking to ban oil exploration - but FIH hasn't been dependent on oil for many years.

[small cap value investor1] 12/5/2023 15:23

This Company is very undervalued
Partly due to the odd mix of its 3 subsidiaries and poor liquidity
Patchy previous performance has also not been inspiring
Now it's sitting on a pile of cash which at least is earning something
The London Storage building could be worth a good bit more than its purchase cost
I also like the fact that one party holds almost 30 % which if acquired could be a stepping stone to full control
The possibility of oil production around The Falklands is unlikely but is in the mix for nothing but with massive upside
A decent dividend policy going forward would make the wait until full potential is realised a bonus
Inheritance tax relief as a AIM share and everything else makes me happy to pick up stock when available

[weatherman] 05/5/2023 13:29

Yes, a muted response seeing it was at 269p a few days ago - small trades move the price here. But good news on finance.

[value hound] 05/5/2023 12:50

Excellent update. I think this share is misunderstood (nomenclature!!??) and is worth around 350p.

V muted reaction as per... (illiquid)

[albert arthur] 05/5/2023 12:24

Nice update!

[weatherman] 16/11/2022 11:06

hxxps://es.mercopress.com/2022/11/16/gobierno-de-falklands-se-prepara-para-pronta-reactivacion-del-proyecto-petrolifero-de-sea-lion?

[weatherman] 29/9/2022 16:40

hxxps://www.business-live.co.uk/economic-development/rockhopper-set-develop-oil-field-25134150

[weatherman] 20/9/2022 10:24

Mixed trading statement, but broadly positive.

[small cap value investor1] 08/7/2022 15:59

Very tight market at present can't even but 100 share on line

[weatherman] 05/7/2022 17:44

"...a final dividend of 2.0 pence per share will be proposed at our forthcoming Annual General Meeting" I guess the date will then be set.

[whackford] 05/7/2022 11:27

I could not see either an XD or divi pay date. Can anyone else see it?

[value hound] 05/7/2022 11:07

Yes, it would be good to see them up the divi more than 3p to make it more worthwhile holding while we wait for the value to be outed. Still worthh £3 quite easily IMO, though. Patience required.

[1tx] 05/7/2022 10:03

The Falklands business should show more improvements this year as tourists return;I see we have an agency for Ineos 4x4s to replace/augment Land Rover.I note that the Momart warehouse is apparently worth more than book value but we have a lot of money tied up here to make very little return....At least we are in good financial shape.

[weatherman] 05/7/2022 08:10

Good recovery underway from today's results.

[weatherman] 30/5/2022 11:01

hxxps://en.mercopress.com/2022/05/28/falklands-government-publishes-budget-for-2022-23-stability-and-continuity

[weatherman] 10/5/2022 18:44

NAV will be about £40m, suggesting current value 29% below NAV (mainly property), which is approx 22% discount to NAV. The fall in the half year cash position was partly due to investment in property (£0.8m). They have now increased cash by £1.5m, and reduced debt by £0.4m.

[whackford] 10/5/2022 16:25

Thanks km18. What a poor advert for Wealthoracle - whatever that is!

The shares are down by 50% over the ten years.

[km18] 10/5/2022 16:12

FIH Group is focused on general trading in the Falkland Islands the operation of a passenger ferry service across Portsmouth Harbour in the United Kingdom, and the provision of international arts logistics and storage services. The firm encompasses divisions offering logistics products and ferry services to shipping companies. Given the diversified funding structure, the firm capitalised on its competitive advantage and boosted net cash to £9.5m in 2022 from £8.0m in 2021, which was illustrated by the solid P/FCF of 18.3x. Simultaneously, the group is expected to optimise its pre-tax profit above market expectations. This plausible financial prospect is incorporated into the firm’s EV/EBITDA of 11.2x. As a result, the firm’s EPS growth leapt by 98.6%, signifying that FIH is yielding ample returns on investment for shareholders.



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[value hound] 10/5/2022 08:03

Yes, deserves a less muted reaction IMO

[weatherman] 10/5/2022 07:45

Good trading update