Share Name Share Symbol Market Type Share ISIN Share Description
Filta Group Holdings Plc LSE:FLTA London Ordinary Share GB00BDB7J920 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 200.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
196.00 204.00 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 14.21 1.74 4.93 40.6 58
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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Date Time Title Posts
16/10/201912:25FILTA GROUP - Out of the fryer, into the filter274

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Filta (FLTA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-10-23 14:45:45202.505861,186.65O
2019-10-23 14:07:30202.50242490.05O
2019-10-23 09:55:56202.50487986.18O
2019-10-23 09:21:12202.5098198.45O
2019-10-23 09:20:37196.1693182.43O
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Filta (FLTA) Top Chat Posts

Filta Daily Update: Filta Group Holdings Plc is listed in the General Retailers sector of the London Stock Exchange with ticker FLTA. The last closing price for Filta was 200p.
Filta Group Holdings Plc has a 4 week average price of 198p and a 12 week average price of 147.50p.
The 1 year high share price is 241p while the 1 year low share price is currently 147.50p.
There are currently 28,927,855 shares in issue and the average daily traded volume is 4,554 shares. The market capitalisation of Filta Group Holdings Plc is £57,855,710.
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)
intelinvestor: The share price is currently below 175p now
buffetteer: The research shows that there was always going to be a H2 weighting ...therefore the market is wrong .The integration of Watbio in the U.K. has taken a little longer than management expected but the combination should be worth it . This is a great time to buy a high quality ,high return, recurring revenue model business that is in the wonderful world of franchising ( ie getting others to pay you for the pleasure of using your product and service ). Organic growth of 10% , bolt-on acquisitions and the steady hand of the founder on the tiller should add lots of value imo. Let’s check the share Price at year end .
dmg2305: Hi there chaps, I hold FLTA too and am lucky enough to be up nearly 100% on purchase price (Held for about 1 year). I can't understand the current price action though and am seriously tempted to sell or top slice as its on 30X rating. I'm based in Dublin and met a chap who got the Irish franchise for Filta Fry and went through the business model with him and came away with the conclusion this is a tough business to be in (as an operator anyway) I understand the Franchise model is capital light but I'm scratching my head as to why the share price is running away with itself here! Any thoughts welcome DG
hpcg: Don't know. Nice stream of new franchisees coming through on Twitter. It is what the share price does so nothing out of the ordinary.
hpcg: Perfectly satisfactory trading update, which is becoming a regularity. They keep doing this and the share price and indeed dividend will look after themselves. Time to add on the way up I think.
hpcg: I don't have a price target. If it grows revenue and franchisees then I am happy. The business is more important than the share price, especially if the markets get squiffy. I think this could actually do better in both a tight labour market at the end of the business cycle and in any subsequent recession.
nurdin: The shares are also very illiquid so small number of sells has disproportionate effect on the share price.
nurdin: It is for that very reason I bought....shame about the illiquidity which has given me some grief in the past but with the share price rising now, I can even forgive that!
Filta share price data is direct from the London Stock Exchange
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