Focusrite Share Discussion Threads

[slopsjon2] 30/11/2017 17:15

Proposed Secondary Placing of Shares

Focusrite Plc (LSE AIM: TUNE), the global music and audio products company that trades under the Focusrite and Novation brands, announces that Phil Dudderidge (Executive Chairman and Founder) and his closely associated persons, have notified the Group of their intention to sell in aggregate approximately 8,000,000 Ordinary Shares (the "Sale Shares"), representing approximately 13.8% of the Group's issued share capital, in response to institutional demand, by way of a placing (the "Sale").

The Sale will be executed by Panmure Gordon (UK) Limited ("Panmure Gordon") who is the Group's Nominated Adviser and Broker.



The Sale is subject to demand, price and market conditions. The final number of Sale Shares subject to the Sale and price will be determined at the completion of the Sale and will be announced as soon as practicable following the closing of the books.

[battlebus2] 24/11/2017 21:37

Yes nothing to worry about, not a significant holder but like RP says timing his sale when he can and most likely the reason the shares dropped back after what are excellent results. Now it’s cleared we can possibly move on 🤞

[effortless cool] 24/11/2017 21:32

A PDMR sale, rather than a (HoldCo) director. And he has been there for 28 years, so can't begrudge him cashing in when the liquidity is there.

[rp19] 24/11/2017 20:47

Considerable director sale. Hopefully a case of taking the opportunity to sell into good news whilst the price is strong.

[death by donut] 23/11/2017 22:12

Thanks EC.

[effortless cool] 23/11/2017 20:11

IC tip update: Buy.

[interceptor2] 22/11/2017 08:57

Bought back in to this quality company after selling my holdings after the last trading update in September, yesterdays results were much stronger than I anticipated.

TUNE are on a PE of 20 which could fall to mid teens this year? not a demanding valuation when compared to other quality niche companies, with very strong cash generation and increasing revenue and profits they could see a longer term chart performance like KWS or GAW.

The only reason I sold after the trading update was that there was only mention of revenue and Net cash figures but no actual figures for profits, I was wrong to be concerned as can be seen by the healthy increase in profits. Another lesson to store away.

[battlebus2] 21/11/2017 22:23

I’ve so many stocks in my bottom drawer that it won’t close 😉

[woodcutter] 21/11/2017 21:37

i guess we'll all have our personal favourites from todays results fwiw mine was this from the CEO:

"Our commercial and pro-audio range, led by RedNet, is gaining momentum as applications for its use and potential customers grow, especially in post-production, education and broadcast markets. This year we have witnessed some of the top production facilities in the world transition their entire infrastructure to RedNet and reap numerous benefits in efficiency, costs and productivity."

Put it in the bottom drawer and come back in 5 years

woody

[battlebus2] 21/11/2017 20:36

HI RP, I posted this link a while back but like you say it’s a growth area.

[rp19] 21/11/2017 20:02

I too thought that the results and outlook were very good. I like the comment about the potential for growth in the commercial sector (live sound/entertainment etc) - "This market segment is seen as an exciting growth opportunity where our investment in this segment over recent years is expected to pay off handsomely".

[woodcutter] 21/11/2017 16:20

bb2 realistically provided the business continues to perform in line with the current growth trajectory then long term i can see much more share price appreciation. i wouldn't like to put a figure on it i tend not to do forecasts but i feel there's a lot more to go once the short term traders have disappeared

wc

[martywidget] 21/11/2017 16:13

Focusrite song remains the same


Small Cap Value Report (Tue 21 Nov 2017) - ACRL, TUNE, SER
Tuesday, Nov 21 2017 by Paul Scott


For anyone not registered with stockopedia:


[Two growth stocks I’d buy and hold for the next decade]

[battlebus2] 21/11/2017 16:13

So I have £40 it is then 😉

[woodcutter] 21/11/2017 15:29

bb2 you forgot the 0 after the 4

[battlebus2] 21/11/2017 14:47

Short term trading I suppose, I’ve increased my target to £4.

[woodcutter] 21/11/2017 14:27

been away for a long weekend and woke up this am to the H2 results. finally got around to reading them in some detail this pm. what a fantastic niche global product sales business. the potential for further growth this year from a company that continues to underpromise and over deliver. i'm at a complete loss to understand investors who are selling into this share price rise today.

each to their own!!!

woody

[martywidget] 21/11/2017 14:23

Focusrite: Results Exceed, Strategy Evolves
By Edison Stock Markets2 hours ago (Nov 21, 2017 07:06AM ET)





[Alliance News Detail]
Focusrite Hikes Dividend After Annual Profit Rise By One-Third
[ 21 Nov 2017 11:05 ]

[martywidget] 21/11/2017 14:16

Broker Forecast - Panmure Gordon issues a broker note on Focusrite Plc

StockMarketWire.com - Panmure Gordon today reaffirms its buy investment rating on Focusrite Plc and raised its price target to 365p (from 345p).




Date 21 Nov
Broker Panmure Gordon
Recomm. Buy
Old Target 345.00
New Target 365.00
Notes Retains

[alter ego] 21/11/2017 14:14

Well I topped up earlier and am happy to wait for some coverage to draw attention to the results and future prospects.

[2nddegree] 21/11/2017 14:09

Disappointed that the market doesn't see the value here. My gut feeling is based on todays RNS a re-rate would be well deserved.

[battlebus2] 21/11/2017 07:17

Excellent results, slight beat in eps over 15p and cash of 14.2 million but more importantly since Y/E the strong growth and cash generated has continued. Another increase in dividend making +38% year on year. Really like this co 👍