Filta Share Discussion Threads

[opodio] 09/8/2017 10:35

READY TO POP

[opodio] 08/8/2017 14:54

Will it be magic

[luckymouse] 07/8/2017 22:14

My initial target from 102 was 150 - looks like that cld go up a bit

[jonwig] 07/8/2017 16:13

Last FY:

Revenue increased 27% to £10.1m (2015: £7.9m
Recurring Revenue Fryer Management segment grew 38% to £6.2m (2015: £4.5m)

And more recently:

revenues for the first 4 months, on a constant exchange rate basis, over 25% ahead of the same period last year,...

- so not quite 25% over 4 months, but yoy.

Keep an eye on deferred income, up 55% on the previous year. That's your future growth in the franchising segment.

[maiken] 07/8/2017 12:37

unless I'm missing something revenue growth yoy in the 1st 4 months of the year was 25% and in the 1st 6 months of the year was 38%.That implies some serious revenue growth over the last 2 months !

[albanyvillas] 07/8/2017 09:03

breaking out

[jonwig] 07/8/2017 07:15

Positive trading update, though no new information beyond the 1 June statement:



H1 results on 7 Sept.

[jonwig] 22/7/2017 07:39

A bit of new PR, with a new franchise in Delaware:

[jonwig] 29/6/2017 14:36

LOL yes. I'm sure Kenneth Williams was the monk.

[robinskardon] 29/6/2017 13:47

Jonwig, nice to be reminded of Round the Horne. That and Beyond our Ken are classic radio comedies the like of which will not be equalled thanks to today's political correctness.

[nurdin] 13/6/2017 15:27

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!

[jonwig] 13/6/2017 13:50

112-120. At least if it goes up, the spread can be forgiven. (When it goes down though ...)

I have the impression this is a well-managed company. The way franchising works suggests this is successfully adding business. (Look at 'deferred income', a measure of future revenues, of earnings transparency.)

I don't run a restaurant, and wouldn't know how to, but I'd regard their services as pretty essential, thanks to Food Standards Agency (UK) and FDA (US)!

[jonwig] 12/6/2017 12:06

investorschampion - the prospectus says the free float is 28.4% (p4). I suppose there's a rigorous definition which they're following.

[nurdin] 12/6/2017 11:54

cheers...yes have seen those but wondered if Investors had something different.

[luckymouse] 12/6/2017 11:33

Yes small free float is a positive too

[jonwig] 12/6/2017 11:18

LuckyMouse - debt's effectively paid off now from IPO proceeds.
Spread is wide because free float is under 30% with a tiny MCap: the MMs don't want to be hit with a big trade. I'm afraid it's going to stay that way!

If you look at the 2016 results there's an "underlying op pft" of £2.1m, which is probably worth taking as it strips out IPO expenses and pays off the debt.
Applying a 20% tax charge and using a £30m MCap you get a historic PER of 18x.
If earnings growth is 30% again, that's a forward 14x.

Trading statement (1 June) is pretty positive.

[nurdin] 11/6/2017 15:17

Any chance of posting just the forecasts please? Having difficulty logging in.

Incidently FRAN is trading at 41x expected 2017 earnings.Different business I know but the market seems to rate franchise businesses pretty highly.

[jonwig] 10/6/2017 15:06

Yes, I saw the invitation on IC, but haven't bought it ... nor these shares.

I must say, I think the forward numbers suggest it's fully valued but the growth rate might compensate.

I'm a bit miffed that I missed the float (first few days), but I don't think there was an 'Intention to Float' notice. And the spread looks ferocious.

[blueeyes13] 10/6/2017 12:49

Good positive coverage on Investors Champion premium research page. It's unfair to copy and paste here but for the very small price of a credit on their website you'll be able to see it for yourself. Www.investorschampion.com