Filta Share Discussion Threads

[glaws2] 19/12/2019 13:35

Sayers, son ^ dad, already own just about 20% of the co. Any purchase would look like pitiful window dressing. We need good news.

[bookbroker] 19/12/2019 12:51

And we do not wish to see all that hope that existed wiped out by inconsistency in the management!

[bookbroker] 19/12/2019 12:50

News, Sayers needs to put his hand in his pocket, and buy some shares, not produce another turkey! Inexperience a dangerous thing with a quoted company, the market takes a long time to regain confidence in a company that states one thing, and then a few months later disappoints by contraindicating the trajectory of earnings!

[biteherbutt] 17/12/2019 14:57

maybe news coming

[biteherbutt] 17/12/2019 14:57

Onwards and upwards

[outsizeclothes.com] 17/12/2019 14:02

Chart wise - 170p is weak upward resistance.
185p is much stronger resistance, so the shareprice could go sidewards from that.
But if that cracks it's next resistance is 2.15, followed by 2.30

[nw99] 17/12/2019 11:44

I have enough already

[bookbroker] 17/12/2019 10:50

I’ll leave that to yourself!

[onjohn] 17/12/2019 10:47

Looking at chart last time it was this price it went nuts straight up to 220-230 pence
👍


Buy 16k worth and make 5k if it goes back there

[onjohn] 17/12/2019 10:43

🚀 🚀

[nw99] 17/12/2019 10:40

200p target

[bookbroker] 17/12/2019 10:34

Looks like some move maybe on the cards!

[onjohn] 17/12/2019 10:33

Cracking chart this ☝️

[biteherbutt] 17/12/2019 09:43

Top of trendline pattern to 230p-240p is going to be filled

[biteherbutt] 17/12/2019 09:32

can sell in size at 163p, cant buy in size

[biteherbutt] 17/12/2019 09:30

last chance to buy at 170p, then next MM is at 175p


he who waits, pays more.

[biteherbutt] 17/12/2019 09:27

Flying now. moved up 10p on bid in one go


200p be very soon along imho

[bookbroker] 17/12/2019 09:12

It may be reasonable to take a punt on the expected fruition of the acquisition late 2018, the benefits should come through next year, most likely already making a difference, but the market will wish to see that confirmed after the Nov. statement.

[jonut] 17/12/2019 09:03

Have a look at the chart. The last rise in September followed a very near word for word piece in, you've guessed it, the Sunday Wail! As I'm well over weight here, it's fine by me.

[biteherbutt] 17/12/2019 08:21

Last chance to buy at 165p, then its 170p

[biteherbutt] 17/12/2019 08:19

Read this mate

FLTA




In 1997 Jason Sayers, a keen 26-year-old cricketer, became captain of the Weybridge 1st XI. One of his cricketing pals worked shifts in a local restaurant and was badly burnt one evening, as he cleaned the kitchen fryer.

Sayers thought there had to be a safer way of doing the job than emptying hot oil into a bucket beneath the fryer. He scouted around and eventually found a factory in Harrogate that filtered engine oil.

The foreman modified the equipment and Filta was in business. Now listed on AIM, the junior market, Filta specialises in fat, oil and grease management for commercial kitchens.

Reusing fat: Last year Filta saved almost 10,000 tons of frying oil for its customers, which include McDonald’s, KFC and Pizza Hut +2
Reusing fat: Last year Filta saved almost 10,000 tons of frying oil for its customers, which include McDonald’s, KFC and Pizza Hut

The shares are £1.56 and should increase in value, as the company is growing fast and there are significant opportunities for further expansion.

Based in Rugby, Warwickshire, Filta has changed considerably over the years, expanding into the US and Germany and developing different services along the way.

The original fryer cleaning business works with more than 6,000 customers a week, draining and filtering their oil, in a process that is not just safer than traditional methods, but also environmentally friendly, because most of the fat can be reused.

Last year alone, the group saved almost 10,000 tons of frying oil for its customers, which include McDonald’s, KFC and Pizza Hut, as well as Hilton hotels and arenas for American sport teams, such as the Washington Redskins and the Colorado Rockies.

The Harrogate factory still supplies Filta with its fryer cleaning paraphernalia but the businesses operates under a franchise model, so the equipment is rented out to around 200 franchisees on both sides of the Atlantic.

Even though Filta is virtually the only company that offers dedicated fryer-cleaning and filtration services, it has less than 2 per cent of the total market as most restaurants, hotels and suchlike clean their vats themselves.

For Sayers, this represents a huge opportunity, as Filta’s process is so much more efficient than the self-help alternative. Once customers start to use the service, therefore, they very rarely stop.

Trading trends: Based in Rugby, Filta has changed considerably over the years, expanding into the US and Germany and developing different services along the way +2
Trading trends: Based in Rugby, Filta has changed considerably over the years, expanding into the US and Germany and developing different services along the way

Sayers has branched into related areas, too, including the installation and maintenance of specialised kit that separates oil from water when commercial kitchens wash dishes.

This division operates in the UK, where regulation dictates that restaurants, hotels and other big users of oil have to dispose of grease waste safely so it does not clog up drains and sewers. Filta was already well-known in this field but last year bought its biggest competitor, Watbio.

The deal has given Filta a strong national presence, in contrast to most operators in the sectors, which tend to be small and local.

Size makes a difference in this sector and customers include All Bar One and Harvester owner Mitchells & Butlers, as well as several major supermarkets.

MIDAS VERDICT
Midas verdict: Filta shares topped £2.80 a year ago. Last week, they closed at £1.56, partly reflecting market disillusion with smaller firms and partly reflecting concerns that the Watbio integration has taken longer than expected. The slump is overdone.

Filta is an attractive business in a growing sector and the shares should rebound.

Sayers himself owns 48 per cent of the company so he is certainly motivated to make it work. The group even has a ‘green’ element. Buy.

The Watbio acquisition gives Filta better buying power too and revenues are soaring, following the recruitment of more salespeople. Further growth is expected over time, as the enlarged Filta group adds new customers, sells more to existing ones and benefits from increasingly strict environmental legislation.

Filta even collects waste oil for use in biodiesel and provides customers with environmental impact reports so they can see how much they are reducing their carbon footprint by reusing and recycling fat and grease.

The company has a fridge seal business as well, replacing worn out seals in commercial kitchens, another energy-saving process.

Half-year figures, released last week, showed strong growth and brokers expect an 82 per cent surge in 2019 revenues to £26 million and a doubling of the dividend to 3.2p.

Profits are likely to be flat this year at £2.8 million, reflecting costs associated with the Watbio deal, but strong growth is anticipated in 2020 and beyond.

[bookbroker] 17/12/2019 08:14

Ramping pillock!

[biteherbutt] 17/12/2019 08:13

Buys coming in. This is ready

[biteherbutt] 17/12/2019 08:07

The real price is 158p to sell and hard to buy now. looks like its going Veh-i-tical

[biteherbutt] 16/12/2019 22:34

hxxps://www.stuff.co.nz/world/europe/118250064/two-huge-fatbergs-in-londons-sewers-cleared-in-time-for-christmas


Go FLTA go!