Focusrite Share Discussion Threads

[martywidget] 30/4/2019 18:22

Focusrite share price too expensive at these levels?
9:46am by Jack Brumby

[coppertrader] 30/4/2019 07:04

another set of great results... TUNE is the best kept secret on the market!

[coppertrader] 19/3/2019 13:04

https://www.edisongroup.com/publication/a-solid-first-half-performance/23701

[coppertrader] 19/3/2019 07:41

more cash, more revenue and more profit... the management continue to do a great job here...im holding till the story changes or the management decide what they are going to do with all the cash they are collecting... a nice special dividend, share buyback or buying competitors to increase EPS?

[valustar1] 11/3/2019 20:11

Just over a week to the trading update on the 19th March

[tomyumgoong] 29/1/2019 13:47

Another great article emphasising how well thought of Focusrite are in the music industry:htTPs://www.psneurope.com/live/focusrite-rednet-dante-steve-vai-charity-jam

[tomyumgoong] 21/12/2018 08:22

Could we see an earnings upgrade here soon?

[matt123d] 21/12/2018 07:07

Through 500p today.

[effortless cool] 26/11/2018 07:12

To clarify, I am not talking about 2018 H2 vs 2018 H1, I am talking about 2018 H2 vs 2017 H2.

[tomyumgoong] 26/11/2018 04:58

The last 2 posts have baffled me a bit. In my opinion H1 sales should be better than H2 sales as they include the Christmas trading period, and also Chinese New Year period. Revenue is, and should be weighted towards this half for these reasons. Notation is primarily a consumer product so H1 sales should be higher than H2. Having worked in the luxury goods retail sector for many years, this mix makes perfect sense!

[ottrott] 24/11/2018 17:27

Effortless Cool,

Looking back to 2016 and 2017 there was also a fall in Novation sales H2 vs H1.
17H1 9604k, 17H2 925k8, 3.6% drop.
16H1 7287k, 16H2 6369k, 14.4% drop.

Maybe this is just a seasonal variation for the Novation product line.

[effortless cool] 24/11/2018 11:58

I sold out of TUNE over the course of last week. Whilst my valuation model still suggests they are fair value, I see more downside than upside potential at present.

The risk for me comes from the potential lack of top line growth that is needed to justify the PE rating. The fact that constant FX revenue growth for 2018 FY was 15.3%, compared to 26.0% for 2018 H1, tells a story about 2018 H2. The culprit was the Novation segment, where constant FX revenue in H2 was actually down 6.6% on the prior period.

The results state that the first few months of this year have been "broadly similar" to last year. Broadly similar actually means slightly behind, and so a significant improvement is needed over the balance of the year just to deliver Edison's projected 3.9% growth, which is hardly inspiring in itself.

On balance, although I still like the business, I prefer to sit on the sidelines for the time being.

[battlebus2] 22/11/2018 22:26

Mentioned in shares mag today. Broker £5 target

[martywidget] 22/11/2018 19:51

From a couple of days ago:
{Registration required} Small Cap Value Report (Tue 20 Nov 2018) - KCOM, AO., TUNE, PLUS
Tuesday, Nov 20 2018 by Paul Scott

[martywidget] 20/11/2018 11:58

Focusrite Plc reports growth across all its key regions as profits soar
Published on 20 Nov 2018
Tim Carroll, chief executive of Focusrite PLC (LON:TUNE), spoke to Proactive London's Andrew Scott following the release of its results for the year to the end of August 2018.




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[hydrus] 20/11/2018 08:12

I think on reflection DiscoDave's previous analysis was pretty good.

[hydrus] 20/11/2018 08:10

Really? The quote from the results is in my post.....they seem confident of some growth over full year but results to date this year are similar to last. Very good results as I said an excellent company but this year they may not do that much. Essentially I'm betting that the shares won't do a lot over the next few months but I may be wrong. I'll keep a close watch and expect I'll be holding them again in due course.

[tomyumgoong] 20/11/2018 07:53

Hydrus,Ref your quote 'They confirm lack of growth to date in current year today.'Where in today's RNS does it state this?Am I missing something? (Rhetorical question)Looks like a pretty good set of results to me!

[hydrus] 20/11/2018 07:20

TUNE is an excellent company with very high quality metrics but I confess to having sold out in recent market turmoil as with little growth anticipated in short term I thought my money might be better put elsewhere. They confirm lack of growth to date in current year today.'As anticipated, trading in the first few months of this financial year has been broadly similar to the results achieved in the same period last year.'I'll keep watching this closely as I expect within the next year or two they will manage to ramp up growth again.

[mctmct] 08/10/2018 13:09

Tudes

54.2% free float according to Stockopedia. That shouldn't be a problem, but the NMS of 1500 shares could well be.

[tudes100] 08/10/2018 11:26

Doesn't take too much to move the share price given the free float & lots of sellers out today

[heitzy] 08/10/2018 11:02

What's happening with this share price - dropping like a stone!

[tomyumgoong] 22/9/2018 08:54

DiscoDave4I have calculated that revenue will be down on H1 by about £1m however up on previous H217 by about £3mTherefore compared to last years H2 profits should also be up! The company states that the revenue mix has changed due to better Christmas trading!