Share Name Share Symbol Market Type Share ISIN Share Description
Finncap Group Plc LSE:FCAP London Ordinary Share GB00BGKPX309 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 19.00 36,894 08:00:00
Bid Price Offer Price High Price Low Price Open Price
18.50 19.50 19.00 19.00 19.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 46.63 8.38 4.41 4.3 34
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:36 O 2,062 19.00 GBX

Finncap (FCAP) Latest News

More Finncap News
Finncap Investors    Finncap Takeover Rumours

Finncap (FCAP) Discussions and Chat

Finncap Forums and Chat

Date Time Title Posts
21/6/202216:37Finncap Group - Flying!127
08/7/202005:47finnCap Group PLC5
21/3/201312:52FRM Credit Alpha Limited29

Add a New Thread

Finncap (FCAP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-06-28 16:06:3619.002,062391.78O
2022-06-28 13:52:0718.5227050.00O
2022-06-28 13:08:0819.1725,0004,792.25O
2022-06-28 11:05:3519.184,000767.00O
2022-06-28 09:59:1919.182,500479.38O
View all Finncap trades in real-time

Finncap (FCAP) Top Chat Posts

Finncap Daily Update: Finncap Group Plc is listed in the General Financial sector of the London Stock Exchange with ticker FCAP. The last closing price for Finncap was 19p.
Finncap Group Plc has a 4 week average price of 18.75p and a 12 week average price of 18.75p.
The 1 year high share price is 42.50p while the 1 year low share price is currently 18.75p.
There are currently 180,818,177 shares in issue and the average daily traded volume is 352,788 shares. The market capitalisation of Finncap Group Plc is £34,355,453.63.
eyesofblue: Small Cap Life just did a fairly balanced write up about the new joint venture: finnCap announces that it has, today, acquired a 50% interest in Energise Limited ("Energise") a net zero and sustainability consultancy, based near Cambridge… Mark doesn’t know quite how to feel about this one. It is clearly a big growth area where reporting etc. is now mandatory due to the influence of larger shareholders. Many companies will be struggling with this and welcome the help. I can see finnCap with their contacts driving lots of business in this area for the JV. On the other hand, the price they've paid isn't obviously cheap, and not all shareholders or managements value this sort of reporting. We don't like JVs in principal, but today's deal is not the typical arrangement where the other company has a continuing business not part of the JV. The main concern is the price paid. £1.1m revenue / £0.1m EBITDA indicates it is subscale, presumably due to being early stage. An EBITDA valuation doesn't make much sense. Assuming 25% EBITDA margins at scale, EBITDA would be £0.3m, they are still effectively 15x EBITDA for 50%. So, a lot of the cost is option value on this growing strongly and has a sufficiently good outlook such that 6-8x EBITDA for the other half is good value. Still, it aligns with the finnCap core mission of doing the right thing and helping clients to do the right thing. And it potentially looks very cheap having retained (in some form) the exceptional profits of recent years on their balance sheet and are now looking to use this to expand into complementary areas. Companies that do this well often get earnings growth and a multiple re-rating. We really need to see some 2023 forecasts to make any further judgement on this, though.
lennonsalive: Always the same here with FCAP, up on news and then a drop.
dangersimpson2: This will be read through from Peel Hunt's profit warning today. Although it really shouldn't be a surprise to investors that ECM will have been weak. FCAP have a higher proportion of M&A which will mean they are less affected, at least in the short term. The known transactions still suggest that FCAP are more likely to beat FY22 estimates than miss, although I am expecting the FY23 outlook to be for weaker performance unless market sentiment improves between now and then. This is illiquid though, so any trades each way will exaggerate the moves.
km18: ...from last year... finnCap Group plc published a trading statement ahead of today’s AGM. Trading has been strong and is slightly ahead of prior expectations for £40-£50m FY22 revenues. And there are significant, incremental M&A deals to potentially close before the end of the year. The update points to  significant revenue and earnings beats in FY22 – current consensus is for £44m FY22 revenues and £7m net profit. Top-line and bottom-line growth rates will remain pretty robust, revenues, profits and EPS are running at 5-year CAGRs in the 20%-25% range. Meanwhile, valuation is still very attractive, forward PE ratio of just 6.6, PS ratio only a fraction over 1. And the company also has a high quality balance sheet, cash over £20m, net debt negative at -£5.1m. All that is missing is momentum. BUY....from WealthOracleAM
boadicea: I have frequently seen shares bought at below quoted mid-price but not often seen them bought at the bid price as can be done with FCAP today. While one's tempted to think that's a bargain, I fear (wearing my Dr Doom hat) that it may presage a dump waiting to show in delayed trades or at least a severe overhang and general fear of an imminent business slump.. This particular market sector has some of the lowest rated stocks, NUM being another one anticipating doom tomorrow.
tole: good prospectThe next company is finnCap (LSE: FCAP), a financial services company specialising in corporate finance, and mergers and acquisitions (M&A). It's much smaller than Halfords, with only a £60m market cap as I write today. The share price has rocketed 53% over one year though, as the M&A and initial public offering (IPO) markets have been extremely active.The recent interim results showed revenue increasing by 55%, which was a record performance for the company. The deal pipeline for IPOs and M&A transactions was said to be remaining strong too.This is all great. But if I buy the shares today, I'd be earning a cut of future profits. So, the bigger question is, can the record performance continue?I think the prospects look good. According to a survey conducted by Ansarada, M&A deals in the UK are expected to rise in 2022. The IPO market has also recently been given a boost by the Financial Conduct Authority, the UK's financial regulator. The rule changes should encourage businesses to list in the UK at an earlier stage. This is a prime target market for finnCap, and should boost future IPO activity.The shares are only trading on a forward P/E ratio of 8 as I write today. I view this as a dirt-cheap valuation for the potential growth ahead.The biggest risk for finnCap as I see it is a stock market crash, possibly due to a new strain of Covid. This is highly likely to reduce corporate financing activity. But on balance, I would buy finnCap shares today
masurenguy: Ref post #93. There are no institutional shareholders with a stake above the 3.0% reporting threshold. The main shareholders are private investors including just one director, Sam Smith. Moulton, Murria and Leigh are former directors who all resigned over the past 12 months. Apart from Smith no other director has a holding above the reporting threshold. Directors Smith, Hayward, Andrews and Snow collectively also have holdings within the Employee Benefit Trust (EBT) of 3,65,714 shares or just over 27% of the EBT total holding Main Shareholders December 2021 Jon Moulton: 20,022,854. 11.30% Vin Murria: 18,592,698. 10.49% Baron Leigh: 16,327,892. 9.22% Sam Smith: 16,144,286. 9.11% EB Trust: 13,337,507. 7.53% Geoff Nash: 7,132,626. 4.01% Mark Tubby: 5,369,763. 3.02% Sub Total: 96,927,626. 54.68% Current holdings by other directors under the reporting threshold include Andrews and Hayward who hold 2.8% & 2.2% respectively, plus Snow, Hogarth and Firth who each hold 0.2% and Lister with 0.1%. Total director holdings, including Smith, currently constitute 14.8% of the shares in issue. As at November 2021, 80.02% of the issued share capital was considered not to be in public hands.
lennonsalive: Staff given share options, some sold back to the company £800k and the rest locked in for 12 months
farnesbarnes: Small Caps Life today: finnCap (FCAP.L) - Interim Results These results were largely known since revenue was announced in the trading statement and costs tend to be roughly proportional to revenue. Adjusted EPS comes in at 3.54p for the half-year, cementing this as one of the cheapest shares on the market on earnings. Although, we would typically not adjust out share-based payments since these are a real cost borne by shareholders. Management are of the view that fully diluted EPS is a better measure of the true performance than applying IFRS2 to calculate share-based payments. This means that 3.17p fully diluted but adjusted EPS is probably a reasonable figure to take. So still cheap. The increase in cash is not as large as the earnings due to deals completed towards the end of the period ending up in receivables: Cash balances: £22.6m at 30 September 2021 (31 Mar 2021: £20.4m) To get a better feel of this, Mark dusts off his trusty friend: shareholders cash. This is cash - debt + NWC (if it is negative) - any provisions. Although finnCap has a requirement to hold regulatory capital, movements in shareholders cash give a good feel for how value has accrued to shareholders in the period. In finnCap's case, we will include in the NWC longer-term financial assets and liabilities plus tax owed since these real assets and liabilities. "Shareholders cash" has gone from £8.5m on 30th September 2020, to £12.0m on 31st March 2021 to £18.5m in these results to 30th September 2021. This makes net cash about 1/3rd of the current market cap. On top of this a £0.8m dividend was paid in H2 last year, and £1.6m during this period so the last 12 months has generated £12.4m of value net to shareholders. In addition, they said in the InvestorMeetCompany presentation that the current cash balance is considerably higher at the moment vs period end. A further increase in dividend guidance has been given with these results: Given the strong financial performance so far in FY22 and the Group's much improved balance sheet position, the directors intend to pay an interim dividend of 0.6p per share, a rise of 20% on last year. In addition, following the upgrade in our revenue guidance range, the Board has increased its dividend payment intention for FY22 to a total of 1.75p per share (subject to unforeseen circumstances). This is about a 4.7% dividend yield. Clearly, they could afford to pay much more, but priorities are for growing the business in the short term: In addition to our equity sales and trading team hires, we have also hired junior execution team members in both Capital Markets and M&A to ensure we have the capacity to service the future needs of our clients... We continue to review potential M&A opportunities. We are currently focusing on ESG related consultancies with established track records and repeatable revenue as part of our strategy to broaden our range of strategic advisory to the C-suite and expanding our business potentially beyond its core financial services offering. In terms of outlook, finnCap retain their guidance: revenue expected to be in the £45-£50m range; staff costs (excluding share-based payments) c.58-62% and non-staff costs c.£10m. Broker Progressive have made a very minor upgrade to their forecasts: We have increased our revenue forecast for the current year by 2% to £48.5m, based on a positive trading outlook. This means that progressive are forecasting 0.95p of adjusted EPS for H2. £48.5m Revenue implies that they do £16.8m for H2. On Cavendish they say: Activity levels are now lower than in H1, but the finnCap Cavendish team has already completed a further two deals since the half year end and we expect the team to deliver a good full year result with revenue above £20m. So that is more than £3.9m for H2, but seems a very low bar, and would be one of the lowest Cavendish half-years since listing. Interestingly, on the IMC presentation, they say that they typically have 1-year visibility on these deals and the pipeline out into the future is also strong. On transactions: Overall, market volumes and activity have decreased during H1 but the sales and trading team delivered revenue ahead of last year benefitting from one very significant sell down and the first contribution from the finnCap Analytics team. On ECM overall: After experiencing very high client activity last year, in our strongest sectors, delivering H2 revenue at levels similar to H1 would be an excellent outcome for the Capital Markets team. So it sounds like H1's £15.6m ECM revenue is their target but likely to come up a bit short. Still, that would easily beat Progressive's forecast revenue. Management say that they aren’t sandbagging with their current guidance, but they know the importance of hitting market forecasts, so there is still a chance they plan to underpromise & over-deliver. Although in our analysis on here we have tended to focus on short term trading, one thing the management was keen to point out was their ability to grow whatever the market conditions. Saying "we are a long-term growth play". Their strategy is to build a very different financial services business. They have recruited 30 people this year and said in the IMC presentation “we are a great place to work....well ahead of competitors as a good place to work” which is key to talent retention. They have plenty of interesting, good value M&A opportunities too, but it is not in the strategy to buy competitors due to the difficulty in adapting cultures. If they can deliver on their long-term growth ambitions, then the current rating looks much too low for a growth business.
tole: little growth stock could be a big winner in the long runAndy Ross | Wednesday, 29th September, 2021 | More on: FCAP SLPWith a market cap of just over £60m, finnCap (LSE: FCAP) is one of the smaller shares listed on the UK stock market. Yet it could be a superb little growth stock, combining capital growth with income, which I think is a very powerful combination.The group focuses on providing financial services services to quite a number of listed companies, but also privately-held growth companies. Its activities include corporate finance and broking, equity sales, agency trading and market-making and research. So it's a financial services company. Apart from its small market capitalisation, which gives it plenty of headroom to grow into a much larger company, I really like finnCap's financials. They indicate to me a stock that has serious growth potential.The group has a three-year compound annual growth rate (CAGR) for sales of 29%. This is important because, as an investor, I want to know that demand for a company's products/services is continuously increasing. A company growing sales should, if it keeps control of costs, be able to make more profit. The figure is impressive and could underpin future growth and share price appreciation.FinnCap also has a strong operating margin, which has jumped to 18.7% from 4.6%. That was lower than the pandemic but the margin now is also higher than in 2019. Return on equity has also improved a lot in the last three years to 29%. It was 16.4% in 2019. These percentages to me indicate a quality business that's well positioned for long-term growth.The dividend yield of 4.2%, which this year is covered nearly three times by earnings is a massive bonus. The shares are also pretty cheap on a price-to-earnings (P/E) ratio of under eight.But arguably, for a 'growth company', the historical revenue rise has been fairly pedestrian and so it would be good to see revenues really pick up. Potentially, if there's a slowdown in the IPO market, finnCap could be hit. It's also pretty reliant on the UK for making money, which presents country-specific risk. And there are risks associated with finnCap's expansion, such as costs going up and a change to its company culture.Overall though, I have to say the growth and income from a UK small-cap share like this appeals to me and I'll consider buying the shares.
Finncap share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220629 03:18:56