Focusrite Share Discussion Threads

[battlebus2] 03/4/2018 20:22

I’m trying not to post modform. Top holding now, £5 not far off.

[modform] 03/4/2018 20:15

Amount all these volatility, TUNE continuously printing higher highs, and not a single post for a while. So when they say choose a quiet thread, they mean it, sorry to spoil it....

[stephen2010] 02/4/2018 23:10

ALBA!!! About to 15 bag. See link below

[battlebus2] 27/3/2018 20:34

Indeed that’s just what I’m doing 👍

[effortless cool] 27/3/2018 20:10

bb,
Sometimes it's good to just sit back, relax and enjoy the ride!

[coppertrader] 27/3/2018 20:00

Much prefer when they are like this, keep going up whilst under the radar... when the bullitin boards are busy all day, its time to sell up and move on

[battlebus2] 27/3/2018 19:41

Hello 👋 is there anybody out there 😉

New highs today 😂

[battlebus2] 09/3/2018 16:10

Edison upgraded by 5% today

Our DCF valuation is 379p/share, which would put the shares on an FY18e P/E of 23.8x and EV/EBITDA of 14.1x. A comparison against peers, taking into account £20m of excess cash, suggests a somewhat higher level of 400p.

[quant_investor] 09/3/2018 16:06

Lovely update this morning with continuation of strong growth trends. Good to see cash increasing too, this one of the first things I look at now when companies report. Smoke & mirrors all to frequent when looking at earnings alone.

Management seem to be keeping their feet on the ground too, which is also good to see.

I suspect there might be a small pull back after this rise but one to lock away whilst the growth story continues.

[effortless cool] 09/3/2018 12:05

pattthehat1,

Thanks for posting. It's interesting to get insight from someone who actually understands the products.

For me, it's not really about the products; it's about the growth and the strong balance sheet.

Studios may not be rebuying, but there seem to be plenty of buyers, and a growth rate of 25% is the main reason that the shares are so highly rated. Additionally, the rock-solid balance sheet with almost £20m of net cash provides robust worst-case downside protection.

[patthehat1] 09/3/2018 11:53

This share absolutely baffles me.

[hydrus] 09/3/2018 11:03

Oh good. Not as quick as you EC but I added more at 370 but thought I'd have to wait some time for a reaction.

[effortless cool] 09/3/2018 10:22

A great update this morning. Broker upgrades will follow.

I added 4,000 shares on the bell.

[woodcutter] 09/3/2018 09:08

one of my largest holdings and a great update imo. market has traditionally been slow to react to TUNE news so I've picked up a few more this morning. Best in class product range and real niche player.

a break thro' 370p and we're in open water

woody

[ironstorm] 09/3/2018 08:23

Market likes it.

[ironstorm] 09/3/2018 08:00

These are good results.
I am fairly new to the party here. But good to be in profit already (assuming the market likes it).

Looks really well managed.

[modform] 09/3/2018 07:46

Looks like a pretty good update , see what the market thinks

[tomyumgoong] 06/2/2018 12:04

It looks as though Charles Stanley Group has upped their stake from 6% to just over 10% recently also! Not concerned about director sells recently as these seem to be part of the companies 'sharesave' schemes whereby employees are able to buy shares after a 3 or 5 year saving period.

[scottishfield] 06/2/2018 10:22

welcome cfro.

[cfro] 06/2/2018 10:20

Very quiet here..

Used the weakness today to open an initial position. High quality small-cap this.

[martywidget] 18/1/2018 08:18

From last week:

Focusrite: Growth In Revenue
By Edison Stock MarketsJan 10, 2018 05:47AM ET


{PDF document}:

[modform] 18/1/2018 07:32

Yes hydrus, still hold my original position from last year when we discussed it on the VLG thread, but only been adding after recent set of results which sounded very bullish.

[hydrus] 17/1/2018 23:09

Didn't know you also held here Mod. Best of luck.

[battlebus2] 17/1/2018 22:35

Indeed and a bucket load of cash growing at a phenomenal rate that must be put to use sometime soon :))