Focusrite Share Discussion Threads

[tudes100] 08/11/2017 12:34

Had a few more this morning, expecting very strong results on the 21st - accelerating US growth, further outline of plans for Asian expansion & maybe even some thoughts about what they're going to do with that growing cash pile.

[luckymouse] 08/11/2017 11:52

TUNE may go back upto 350 if that bull flag breaks up - def some recent interest

free stock charts from uk.advfn.com

[cascudi] 31/10/2017 13:38

finaly is moving

[hydrus] 26/10/2017 11:40

I've added some - taking into account the cash pile it's looking cheap.

[tudes100] 23/10/2017 13:12

Fairly steady stream of sales this morning keeping share price under pressure. FY results were Nov 22nd last year so not too long to wait. Bit of hot money in during the summer thinking it was the next G4M & I don't think its anything more than lack of patience. Crazy to sell at this stage of Co's development imo, massive sector tailwinds from increasing consumer demand for music making software/apps will continue to mean great margins/ROCE.

[cascudi] 23/10/2017 11:37

it could be tree shaking... market makers trying to get share at cheap cost

[woodcutter] 23/10/2017 10:52

struggling to understand the share price weakness particularly on such small volume. At H1 the revenue growth was nearly 24% with less than 12% growth in admin costs if you strip out D&A. Margin solid too and recent solid TS as well.

top brand niche product.....................bored shareholders i guess?

woody

[effortless cool] 08/10/2017 21:41

I have updated my modelling on TUNE to reflect the 13 September trading statement. My projections are shown below, with consensus figures in brackets.

Revenue - 2017:£65.6m (£66.0m), 2018: £71.5m (£71.4m)
Post tax profit - 2017: £8.1m (£7.7m), £8.9m (£8.3m)
Net cash - 2017: £14.2m, 2018: £20.0m
Dividend - 2017: 2.15p (2.3p), 2.25p (2.4p)

My target price is 284.3p which, at 1% blow the current price of 288.5p, makes this a HOLD for me.

[effortless cool] 16/9/2017 16:57

You can access the research by Edison.

[adamb1978] 16/9/2017 16:04

Hello

Had these on the watch list for a while and looked at today following the trading statement. Thought that the growth was a tad lacklustre from H1 to H2, though overall it had a positive tone. Looking forward, does anyone have any equity research on them so can understand the forecasts? The consensus estimate which I can see have £71.3m turnover for FY18, which looks a little light at around 8% growth yoy (perhaps £74m might be more appropriate), and EPS growth of just 2.5% to 14.5p. I'd be interested if anyone can see any details underlying the figures.
Thanks
Adam

[martywidget] 15/9/2017 11:43

GBP/EUR:



GBP/USD:

[battlebus2] 15/9/2017 08:29

Yes it is and has a cash pile to use, just a few impatient sellers an illiquidity imv.

[hydrus] 15/9/2017 08:22

Well I've added on the dip - maybe I'm missing something here but the company seems to be doing well

[bigbigdave] 13/9/2017 15:11

+ve stockpopedia review by Paul Scott

[battlebus2] 13/9/2017 13:43

That's an increase of 0.7 million or 8.8% on their previous increased target. Probably underestimated imv but we will see.

[bestace] 13/9/2017 13:03

PTP was £4.6m in H1 so Edison are suggesting PTP was unchanged in H2 compared to H1.

That doesn't seem consistent with the "profits have grown" comment in today's update.

[battlebus2] 13/9/2017 12:42

New Edison note out which raises PTP to 9.2 million increased margins from 38 to 39% and cash FY 18 of 18 million. DCF valuation of 344p

[battlebus2] 13/9/2017 11:50

Looks like it BBD, tick up 👍 Way too cheap.

[bigbigdave] 13/9/2017 11:34

Big sells gone through, seller clearing maybe?

[battlebus2] 13/9/2017 09:40

Panmure have a buy recommendation with their note out this morning. Anyone privy to it?

[effortless cool] 13/9/2017 09:15

Nice update. A bit better than my forecasts for revenue and net cash, and positive comment on gross margin versus H1.

[greenroom78] 13/9/2017 08:22

There was buying too, MMs marking down on a few sells after hiking up leads to panic sells and gives them cheaper stock.

[battlebus2] 13/9/2017 08:20

Early sellers spoiling a great update but you can't keep a good company down 😉

[geheimnis2] 13/9/2017 07:41

👏👏👏👏

[nurdin] 13/9/2017 07:39

yes,revenues also ahead of expectations by a few % but it all counts.