Filta Dividends - FLTA

Filta Dividends - FLTA

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Filta Group Holdings Plc FLTA London Ordinary Share GB00BDB7J920 ORD 10P
  Price Change Price Change % Stock Price Last Trade
-3.00 -3.21% 90.50 12:18:15
Close Price Low Price High Price Open Price Previous Close
90.50 90.50 93.50 93.50 93.50
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Industry Sector

Filta FLTA Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

bookbroker: What goes up must come down, especially in that market, but some decent moolah might have been made on the doubling in share price.
18:56 Interesting interview. Paints a very bleak picture for the next 6 months to a year, but hopeful ( but by no means certain) of really good growth after that. I still think there's way too much "blue-sky froth" in this share price right now. It's happened here before, and I think May's "outlook" will put a pin to this bubble.
intelinvestor: Point to remember from shares magazine Copied from there siteOur ViewFilta Group Holdings's struggle to grow its EBIT had us second guessing its balance sheet strength, but the other data-points we considered were relatively redeeming. In particular, its net debt to EBITDA was re-invigorating. Looking at all the angles mentioned above, it does seem to us that Filta Group Holdings is a somewhat risky investment as a result of its debt. Not all risk is bad, as it can boost share price returns if it pays off, but this debt risk is worth keeping in mind.
bookbroker: What investors need is reassurance that they will at least meet revised forecasts, this bounced back in November after falling back dramatically after that negative statement post half year results, the market was clearly very disappointed. There are always question marks over the franchise model, but thankfully this company should have a competitive advantage, question is whether they can exploit it. Right now the jury is out, share price signalling traction a difficult to win over investors proving tricky!
bookbroker: It will very disappointing if the company issues another weak trading statement at the Feb. update, they have had plenty of time since the Watbio acquisition to realise the benefits, and it will reflect very poorly on Sayers’ ability to be at the helm of this company if the those savings and scale do not come through. Let’s face it, it was a relatively small bolt-on in a similar business, and thus the integration should be smooth. Suggesting at the last statement that the budget for future work was under-accounted for is not good enough, maybe they are having issues finding the right kind of applicants. Anyhow the dribbling down of the share price from a weak base is never comforting for shareholders, Sayers has to prove the naysayers wrong, but the market does not like bad news particularly in thin traded stocks like this!
bookbroker: Hoping that this company positioned in the right sector, seems eating out and leisure in general the only real part of the economy that is holding its head up. This being a service related company to that sector gives some optimism, however that is tempered by the weak share price and at the current time going nowhere. I hope Sayers has got to grip with the issues related to the last statement, thus far the jury is out, and shareholders who believe in the growth aspect of this company have been disappointed at this stage!
intelinvestor: not broken but still being sold at 28.4 pe ratio so nobodies getting a bargain on those metrics allown. it does seem there very optimistic and the trouble is there not delivering. which is not the end of the world but means the pe ratio will fall more inline until this changes. at the moment other than daily fluctuations in share price what news or updates are we expecting to stabalize and bring more confidence to the market? i thought i missed the boat before which i was annoyed about but its fallen back down again so maybe i was right to hold off.
rivaldo: Indeed. I saw FLTA present in London not long ago. Everything was apparently rosy and the CEO came across well. I didn't buy, but the share price quickly surged to what I thought was too high a level. Now we have downgraded forecasts from Equity Development of only 1.3p EPS this year, with 8.11p EPS forecast next year. That's 50% more EPS than even the 5.39p EPS achieved in 2018, so is still quite a stretching forecast. At 150p that's a forward P/E of 18.5 - pretty high, and leaving a lot in the price in hope value given the disappointment. I'd have thought a 110p-120p share price would be more realistic at the moment.
13:50 I think that there's a lot of "jam tomorrow" built in to the present share price rebound. Profits are flat, Watbios taking longer to integrate (did we get a real explanation why???), and, even at the previous dip share price of 150, p/e was 30+. Now the p/e is 45 or so, which leaves very little room for anything but very rapid expansion both in revenue and profit.
09:56 Paul Scott isn't impressed by the results. Here's his take:- "Balance sheet - just about adequate. If you strip out intangibles, then NTAV is only just positive. £3.6m of cash, and £4.2m of borrowings, gives net debt of £0.6m. ( ignoring the additional £1.0m of notional debt under the new IFRS 16 rules relating to leases). Cashflow statement - not good. All of the operating cashflow in H1 was swallowed up in adverse working capital movements - in particular a big drop in creditors, see note 5. I'd want to better understand what has driven those movements. I would have expected trade creditors to have risen, given that an acquisition has been made in the period. The other large item on the cashflow statement is £1.8m paid for acquisitions. Is it wise for the company to be paying dividends at this stage? Valuation - it looks as if Filta bought an inefficient operation (Watbio) and is turning it around. That's a perfectly good strategy, but it does rather render these H1 results as unreliable to value the business. Hence broker forecasts are of more use. There's an update on Research Tree today, which shows a significant reduction in FY 12/2019 forecast - EPS reduced from 10.5p to 8.0p. Normally that would have triggered a sharp fall in shares price. So I'm a little perplexed as to why the share price has actually risen 14% today? That looks an anomaly, unless I've missed something very positive in the commentary perhaps? Although FY 12/2020 forecasts have been left unchanged at 12.1p adj EPS. My opinion - the main attraction here is good growth, and recurring revenues. In summary, I'm not impressed by the balance sheet or cashflows. I feel that at the current price, investors are being asked to pay up-front for the turnaround measures being implemented."( with no certainty that they will be successfully)
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