Filta Share Discussion Threads

[3rd eye] 22/6/2020 10:49

FLTA Filta Trades today............... BUYs far greater than Sell Trades.

Recent tradesTrades today: 18
Trade time Trade price Trade quantity Buy/Sell Bid price Ask price
22 Jun 10:12:16 116.98 1,500 Buy 115.00 117.00
22 Jun 10:11:24 116.98 2,557 Buy 115.00 117.00
22 Jun 09:59:57 116.10 65 Buy 115.00 117.00
22 Jun 09:55:25 116.98 847 Buy 115.00 117.00
22 Jun 09:50:41 116.10 500 Buy 115.00 117.00
22 Jun 09:36:03 116.98 914 Buy 115.00 117.00
22 Jun 09:13:50 116.98 2,000 Buy 115.00 117.00
22 Jun 09:13:41 116.98 750 Buy 115.00 117.00
22 Jun 09:04:45 116.80 428 Buy 115.00 117.00
22 Jun 08:56:28 116.80 263 Buy 115.00 117.00
22 Jun 08:54:17 115.36 15,959 Sell 115.00 117.00
22 Jun 08:50:45 120.00 1,500 Buy 116.00 122.00
22 Jun 08:48:35 120.00 15,620 Buy 115.00 117.00
22 Jun 08:46:55 122.40 216 Sell 120.00 126.00
22 Jun 08:39:37 125.60 1,623 Sell 124.00 128.00
22 Jun 08:39:34 126.50 781 Buy 124.00 128.00
22 Jun 08:37:26 125.60 1,416 Sell 124.00 128.00
22 Jun 08:07:44 125.50 1,681 Sell 124.00 128.00

[3rd eye] 22/6/2020 10:35

Taken advantage of the 8% share price drop in FLTA Filta Group today. And bought stock.

The CEO was interviewed Friday on SKY News about its new service Filta Shield and sounded very bullish. Will help all kinds of business clean up any trace of the virus before the Great Open Up 4th July ? and also provide further back up visits. Further more we had a large Director buy on the 19th of June......



CEO of Filta Group, Jason Sayers said: "As companies look to open up again after the current lockdown, the safety of employees, visitors and clients will be a key focus.



"We are proud to have developed this highly effective service in such a short period, and are now helping businesses and organisations make the necessary preparations to get back up and running as quickly as possible.



"Filta has always sought to adapt to the needs of its customers, and has already seen a growing number of orders from existing clients, as well as interest from businesses outside of our traditional customer base of restaurants and hospitality. Whilst FiltaShield is currently only available in the UK, we will look to roll out this service in the U.S. and Europe in due course."

====================================================================

Working closely with industry experts and specialist chemical suppliers, Filta is extending its range of environmental services and deploying an approved, laboratory-tested Coronavirus sanitising solution, which is effective against all enveloped viruses, killing them within minutes. The anti-viral solution, which has been developed for use in restaurants, bars, shops, offices as well as healthcare facilities, is applied to a surface by spraying or fogging, leaving behind a mono-molecular layer that bonds to the surface and protects surfaces for up to 30 days.



In addition, as part of its service to tackle Coronavirus and help businesses and public bodies adapt to new safety requirements, Filta has teamed up with a technology supplier to supply and manage temperature screening devices for its customers, which can screen up to 30 people per second for a fever. The devices, which are installed at the entrances of buildings, provide operators with a further preventive measure against the spread of Coronavirus.



Filta Group reports higher profit on boost from Watbio acquisition
28th May 2020 07:59 | Filta Group Holdings Plc

Commercial kitchen services provider Filta Group flagged uncertainty over the Covid-19 pandemic even as annual profit was boosted by a surge in revenue.

The company confirmed an announcement from March that it was not recommending the payment of a final dividend in light of the uncertainty surrounding Covid-19.

For the financial year ended 31 December 2019, pre-tax profit rose 7% to £2.6m on-year as revenue jumped 75% to £24.9m.

The surge in revenue was driven by a £8.6m contribution from Watbio, which the company acquired last year.

Looking ahead, the company said it was 'confident that when social distancing restrictions are lifted and more normal trading conditions are resumed, revenues and margins will return to the levels being experienced in the first quarter of the year.'

Story provided by StockMarketWire.com

[colin12345678] 19/6/2020 12:08

sky interview this morning

[abbynat] 19/6/2020 11:31

kitchen fryers suppliers and now cleaners!
this aimless mkt is truly full of them!

[easwarareddy] 19/6/2020 10:53

Wait till us markets open. Its only 10.50 and starting to get attention. Was on sky news live. Should repeat again in an hr

[volsung] 19/6/2020 10:50

Bought a few. Probably a mistake

[burdetth] 19/6/2020 10:45

They are tied up with Visnet who have strong relationships with Greene King.

[jpsmithson] 19/6/2020 10:44

Very nice movement, easwarareddy have you got a link to the news

[easwarareddy] 19/6/2020 10:33

Wait till lunch time

[easwarareddy] 19/6/2020 10:09

Wondering if we'll see a 100 percenter

[easwarareddy] 19/6/2020 10:09

Herd just noticed and arriving

[easwarareddy] 19/6/2020 09:51

Surprised herd not arrived yet or being promoted more. Saw on sky news and thought id get in early

[easwarareddy] 19/6/2020 09:51

This is all over news regarding the 30 day anti viral solution. If businesses all sign up or there's a monthly contract taken by a big chain.... this should multi bag.

[burdetth] 05/6/2020 21:24

https://youtu.be/j9l3IXAOiXA

[glaws2] 02/6/2020 08:20

Good spot jpsmithson

[jpsmithson] 02/6/2020 07:56

In the VNET results they say that they are teaming up with FLTA to offer pubs the Filtashield CV cleaning service.

[john09] 01/6/2020 10:59

It’s ok i got the link off the RNS . Thanks

[john09] 01/6/2020 10:48

Thanks Yellow. Link doesn’t seem to work?

[1yellowjersey] 01/6/2020 10:46

Filta Group is hosting a conference call for investors today at 16:00. To join the call, RSVP via the following link:

[outsizeclothes.com] 28/5/2020 12:31

"Overall, we scenario planned several out turns with volumes dropping significantly (up to 90% in Q2) and the impact realising some gradual improvement but lasting for a significant part of 2020.

The revenue and operational leverage impact of such a volume loss would have a major negative impact on Group operating profitability however the scenario modelling would indicate that the Group EBITDA would remain positive over the next 12 months and we would anticipate a recovery beginning in late 2020 and into the following years."

Not that bad, but hardly a reason to jump in either. But I have found 2 things that I wasn't quite aware of that would put me off at these levels.

1] Some of the cost increases vs their benefit, esp. combined Admin + cost of sales increases [ £3.77m + £7.62m ] being HIGHER than the increase in revenue [ £10.7m ] :-

"Group revenue increased 75% to GBP24.9m (2018: GBP14.2m)"
"Operating profit down 32% to GBP1.2m (2018: GBP1.8m)"
"The Group generated cash from operations of GBP0.8m (2018: GBP2.0m) reducing to GBP0.3m (2018: GBP0.8m) after the payment of taxes"
" Notes 2019 2018
GBP GBP
Continuing operations
Revenue 5 24,922,526 14,213,204
Cost of sales (14,756,297) (7,130,656)
------------- ------------
Gross profit 10,166,229 7,082,548
Other income 191,404 24,507
Distribution costs (203,344) (151,209)
Administrative costs (8,946,691) (5,173,569)
------------- ------------
Operating profit 1,207,598 1,782,277

2] degree of potential dilution from options:-
"As at 31 December 2019, a total of 1,690,000 (2018: 540,000) were outstanding, having a range of exercise prices from 0.97p to 2.30p (2018: 0.97p to 1.74p) and a weighted average exercise price of 1.76p (2018:1.01p). These outstanding awards have a weighted average contractual life of 8.59 years (2018: 8.33 years)"
&
"Additionally, all qualifying U.S. employees have been awarded share acquisition rights (SARs). The SARs are conditional bonuses whose value will be calculated by reference to the amount by which the price of the Company's ordinary shares has risen above the base price at the date of exercise, thus providing holders of SARs the same reward value as if the SARs were share options. The qualifying conditions and timing of vesting are identical to those within the share option scheme for UK employees. All SARs are settled in cash when exercised. A total of 667,500 SARs has been awarded.

[john09] 28/5/2020 08:30

We are up anyway