Share Name Share Symbol Market Type Share ISIN Share Description
Focusrite Plc LSE:TUNE London Ordinary Share GB00BSBMW716 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1,050.00 1,040.00 1,060.00 1,050.00 1,050.00 1,050.00 20,218 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 130.1 7.0 7.1 147.9 610

Focusrite Share Discussion Threads

Showing 401 to 422 of 425 messages
Chat Pages: 17  16  15  14  13  12  11  10  9  8  7  6  Older
Very positive trading statement this morning. Phil Dudderidge saying "Consequently, revenue in the first quarter was substantially greater than the equivalent period in the previous financial year."
Just to mention that the Xmas MelloMonday special guest may mention Focusrite and I think shareholders and potential investors will appreciate his thoughts. There is an interview tonight with Keith Ashworth Lord who is a highly respected fund manager and well worth listening to. Keith's fund Castlefield are of course one of the largest shareholders in Focusrite and I think TUNE is their third largest position. The Mello Monday event starts at 6pm The full programme is available on the website. Also of interest may be the MelloBASH... The analysts, fund manager and well known investors on the panel will give their honest verdicts on whether four companies are a Buy Avoid Sell or Hold at this current juncture in the markets. All investors welcome and if you use the code MMTADVFN50 you will get a half price ticket. Great investor content and entertainment. We had nearly 400 investors attend last month so these are very popular.
latest IC comment summary: "But the company could welcome a return to normal for the music industry sooner rather than later. Despite its soaring sales, operating profit plunged nearly 40 per cent to £7.9m, largely due to a £10.2m writedown on its recently acquired live music equipment business, following a mass closure of concerts and festivals this year. Music fans won’t be jostling in front of the stage anytime soon, but with debts from the buyout now paid off it shouldn’t weigh Focusrite down much more until live concerts return. With plenty more positive signs for the company's other product lines we say buy at 928p."
alter ego
Fabulous results covered in Investor's Champion's update. Pity about Martin Audio and big impairment taken on this, but looks in great shape nevertheless
Anyone know of any reasons for the recent steady climb? Just breached 1,000p today. No holdings changes RNS'd since the 14 Sept results but presumably someone is steadily buying. Not complaining though......
What are people's opinions for the actual EPS for 2020? Reading other posts I can see forward EPS figures for 2021 of 25p per share but what about this year?......any thoughts? Is 25p a share possible this year?
Focusrite has been a joy to follow since IPO and continues to offer significant growth potential. Cash has continued to flow and net debt of £19.9m at the end of February has turned into net cash of £3m at the end of August, a terrific achievement. More on the Investor's Champion website.
Agreed, all sorts of positives in that update. Main part of the business showing 23% organic? 50p a share cash generation in 6 months to take to a net cash position. Overall using Sharecast these were £7.40 back on 13/2, forward eps (to 31/8/21) since gone to 25.1p from 22.7p prior to today's further 'ahead' update, now 7 months further down the line and done 50p cash generation. Got to be worth best part of £9 on that basis IMHO?
Wow! Absolutely awesome! Focusrite are debt free within a year of two acquisitions now with £3m in cash in the bank.........they've paid off £19m since February......that's outstanding!I never expected that! I estimated that it would take about 2 years to be debt free at the time of the last acquisition......they've done it in 8 months.....absolutely fantastic!
yes, indeed
excellent trading update hTTps://
alter ego
Nice read across from G4M?
Focusrite says revenue and earnings likely to surpass market expectations -
Nice trading results. Especially liked this bit: "Overall, revenue and profits for the Group are currently ahead of where the Board would expect them to be at this stage of the financial year and it is therefore likely that market expectations for the financial year ending 31 August 2020 will be exceeded." Dividend up as well.
Noticed the last few days that a reasonable number of focusrite and novation products are out of stock on the focusrite website. Hopefully they are able to restock quickly to meet the demand.
Thanks for your thoughts. The video highlighted in post 393 is definitely worth a watch if you've not seen it. I think it is a high quality presentation and both the CEO and CFO come across really well. It is a shame the CFO is leaving at the end of the year. Previous RNS has said he is leaving to pursue a range of personal interests. From the video it is apparent that 'live sound' only makes up part of the Martin Audio offer which is positive and they seem fairly confident that this will come back in time. It is likely that their 'installed sound' will also take a bit of a short term hit but perhaps not as much as I first feared. The next few months could be an opportune time for installations some venues given that they are likely to be closed/under utilised. As such, works can be undertaken with less disruption. One thing I've picked up from social media is that their customer service appears excellent. As you say, if these people who are making these new product registrations are well looked after then they are likely to be repeat purchasers. The reduction of net debt by £4m in 2 months is impressive.
Hi RP Thanks for your message. Interesting to see your workings. Some general thoughts - I can see you're working off the Edison figures from 26/3. Sharecast forward figures are pretty similar so feels a good starting point. Research Tree has all the Edison notes and doesn't have any new ones so guess it's safe to assume there are at least no new Edison notes. On the revenue figures my workings were If H1 was £50m, there was a £2m delayed order, Martin Audio completion 29/12 so 4 months extra revenue £8.13m so £60.13m start for £111m for the year. If the forecast is £111.6m and they are saying existing business growth is more than mitigating Martin Audio then that looks a beat as things stand and seeing as we're already 2.5 months in they would have to go backwards somewhat to subsequently fall short. On eps that looks more complicated. On face of it needs £7.3m net profit to hit 21.9p Edison having done £5.4m H1. I estimate Martin Audio 4 months will add £780k of profit to get to £6.18m if it just does what it was doing prior to this year as opposed to H1 performance. Question then is what's the margin for the delayed £2m order, if the existing gross margin then £920k there but assumes admin costs are fixed. Then would just be the revenue growth of the existing business to add on. I think the main difference in our revenue approaches is that I'm working off a lower level of Martin Audio revenue growth but adding in the £2m for the delayed order. FWIW cash generation is normally c£0.8m a month so when they comment on net debt at 30/4 being £16m from £19.9m this would imply the delayed order has now been completed which gives me more confidence that it was a genuine delay and has now worked through. IMHO overall looks pretty solid with conservative guidance. As a final cherry on top I don't think the market is taking into account that all these additional registrations are likely to lead to further sales in future so the forward eps calculations may turn out to be somewhat conservative as we adjust to the new normal and the return of live music.
TUNE interim results presentation to analysts, 12th May 2020, by CEO Tim Carroll & CFO Jeremy Wilson. Https://
Hi Alphabeta4, not sure if there has been a new broker note or not but the last I saw (26/03/20) had the following estimates for 2020 [2019 in brackets]: Rev £111.6m [84.7]; Profit before tax 14.4m [13.8]; EPS 21.9p [21.4]. At the halfway stage we have revenue of 49.9m (45% of FY estimate), adjusted profit of 6.4m (44% of FY estimate) and adjusted EPS of 9.3p (42% of FY estimate). EPS of 21.9p at current price of £5.75 puts it on a PE of 26.3. Not cheap but is a classy company with a track record. It is hard to tell if they will meet the above estimates. As you point out, they cite post period end revenue growth acceleration. They also say that a plausible downside assumption is a 30% drop in revenues over 6 months. Do you have any thoughts on this? Some non-scientific musings below. In the two months Martin has been with the Group, revenue has been up 22% year on year within the period and 11% ahead of budget. This is impressive but I am expecting revenue growth to slow here as if their main market is live music events then I think demand will be subdued for some time. They have done £4.5m revenue in 2 months. Another 6 months of this would add £13.5m and bring the full year to £18m. I am not sure if this is likely. No science to this but lets say it does £13.5m for the full year. For arguments sake lets double both focusrite HY performance (38.4 x 2 = 76.8m) and Adam Audio (7 x 2 = 14m). This gets to FY revenue of 104.3m (13.5 + 76.8 + 14) and a 6.5% shortfall in revenue. To counter that, both the Adam and Martin businesses are higher margin businesses than the traditional focusrite business. As I say no particular science to the above and would be useful to hear other views.
The Group is currently experiencing record levels of consumer registrations and customer demand, partially as a result of the COVID-19 restrictions on people's movement, and therefore revenue growth has accelerated since the half year end. This is evidenced by improvements in the Group's net debt position which had reduced by GBP4 million to GBP16 million at 30 April 2020. Nice. This is right near the bottom of today's statement tucked in the going concern section. By my calculations they only needed £1m of extra revenue H2 to hit target (post adjusting for 6 months of Martin Audio vs 2 months in H1). Looks that the home market is more than compensating (similar story seen at G4M) but they are too cautious to say ahead of expectations. Wonder how many have picked up on this?
I've held a position for a while, good time to come in.. I'd guess. Obviously as a holder I wonder when this 'shake out' will stop.
Took a position today. RSI and chart suggests a turn likely to be imminent IMHO. Nice to get the acquisition for free.
Chat Pages: 17  16  15  14  13  12  11  10  9  8  7  6  Older
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:20210123 15:41:33