Filta Share Discussion Threads

[texas_caddy] 18/12/2017 14:26

Quite a sudden drop on no news! Anyone heard anything?

[albanyvillas] 25/10/2017 15:06

200p on the way

[albanyvillas] 25/10/2017 14:24

bull flag on chart

[twistednik] 04/10/2017 10:34

Ta - it's come off its highs. A bit worried about the head & shoulders pattern but will probably take a small position!

[hpcg] 29/9/2017 12:52

Unwind of the magazine coverage I would think, which is what the price went up on. Very little interest here so no momentum trade to speak of. One for the relatively patient.

[nurdin] 28/9/2017 14:56

The shares are also very illiquid so small number of sells has disproportionate effect on the share price.

[jonwig] 28/9/2017 14:44

News? Noise! Lots of profits for the taking. Happens often with very small caps: a bit of selling, the price dips and you get a mini-waterfall.

[twistednik] 28/9/2017 14:32

What'a happening today ? Can't see any news ...

[nurdin] 18/9/2017 08:23

ah..thanks

[tradewithtrend] 18/9/2017 08:14

Daily mail share punt of the week, hence the rise

[gersemi] 14/9/2017 10:27

My pleasure -

[runthejoules] 14/9/2017 10:20

Of the two tips in SHARES this morning, guess which one I bought :0( Good luck holders, FRYING TONITE.....

[nurdin] 14/9/2017 07:02

Franchise group Filta (FLTA:AIM) looks poised to accelerate its geographical expansion, making now an ideal time to buy the shares. It has just made its first move into Canada and we understand a deal to crack mainland Europe could be imminent..

Share Magazine starting para..thanks gersemi

[gersemi] 14/9/2017 05:29

Main tip in Shares mag.

[luckymouse] 11/9/2017 13:56

jonwig - its like ASCO - former LOQ - started off as a tiddler with a simple idea - paying for theme park 1hr queue beating flashing bracelets - sounded like a small business - but new CEO changed strategy and went for big national/international clients then added new services such as electronic ticketing, virtual wallets etc and cross sold them in - multi bagged.

[jonwig] 11/9/2017 11:39

hpcg - can't really argue against that, but we're assuming management can handle transition from a small company to a sizable one.!

[hpcg] 11/9/2017 09:58

The upside is the entire maintenance package for restaurants / fast food outlets. Most of those are run by franchisees with multiple locations. Think of the ease of managing one relationship - assuming FLTA can align territories. We should I hope, be aiming for our franchisees to grow large territories.

An important point here, and one I would not have made even a few years ago, is that if the company is going to be successful over a multi year period the shares should always look too expensive to buy. This is a common theme over many successful roll outs.

[jonwig] 11/9/2017 06:22

LuckyM - para 1: you're right, of course, but when a company headlines its EBITDA and adjustments you smell a rat, especially when the income statement shows a whopping loss! (Serial offender: HSS Toolhire.)

Actually, Filta presents its accounts very clearly, and the 2016 Annual Report has a clear analysis of of its figures - eg. pp 16-17, the only mention of 'EBITDA'.

Para 3: "marketing overlay technique" ... uh?

[luckymouse] 10/9/2017 18:42

Re adjustments it depends if they impact or flatter the fwd play. Taking out the one off IPO & dir costs & projecting fwd was the real calculation here & it bounced hard with a v healthy swings to profits.

The real value going fwd for me is they are pros - expanding territories, service offerings, going in at the group/national level & scaling up the infrastructure to handle it, attention to small detail. Price action will pause at various technical levels - but if they keep that pace up it will just grow imho. The secret is expanding the offerings as well as territories, because once into large clients you can introduce new products - a dynamic CEO will be close to the CEOs of his major clients and find out what they need.

Ignore the fact thats its something as simple as managing fryer fat - its the marketing overlay technique that counts.

[nurdin] 10/9/2017 11:43

Hi jonwig...I personally like to see the underlying operating performance rather than numbers clouded by one-offs and non-cash deductions.But then each to their own..

On the subject of valuation, note that Stockopedia gives forward pe of 26x with a PEG,calculated on a rolling basis,of 0.55 .That strikes me as pretty cheap.

[jonwig] 10/9/2017 05:44

nurdin - I'm not too keen on 'adjustments', though IPO costs muddy the figures (last FY). They seem to steer clear of 'EBITDA', too, which is a welcome signal. (You only need it when you've actually made a loss which you want to apply lipstick to!)