Focusrite Share Discussion Threads

[alter ego] 12/10/2021 12:51

Think there may be some read across from trading update by G4M early September where they said:

European sales have remained behind last year, primarily as a result of post-Brexit cross border shipping challenges creating a less competitive delivery proposition in some of our European markets.

[rp19] 12/10/2021 12:43

I hold and am likely to add if it keeps falling. According to Digital Look, FY 21 EPS forecasts are for 53.34p per share (I think they will be closer to 60p). The FY 22 EPS forecasts are much reduced at 38.69p and this may be driving the recent sell-off. I don't have access to any research but the reduced forecasts may be due to margin pressures, semi-conductor shortage (for everyone), distribution costs and recommencement of travel and associated costs at trade shows. I'm hopeful that the FY 22 performance will be a fair bit better than the above forecasts. Results are due late November, so all eyes on them.

[thompsonminor] 12/10/2021 09:21

Struggling to understand why this continues to drop. The 14 Sept T/A was largely posistive, with revenues up £43m, Sequential acquisition now bedded in and contributing, free cash pretty much the same as previous year (despite paying £15m for Sequential), orders continuing to flow/flood in. What's not to like? Like any business operating in the tech field, the worldwide shortgae of chips is a concern, and the transport costs are ratcheting up, but these are short-term headwinds not long-term systemic failures within the business. I will continue to hold, and wait for the November F/Y results and dividend announcement.

[liquidtyler] 16/9/2021 17:03

Was anyone else a bit disappointed by the recent YE trading update?
2nd half year revenue is down quite a lot from the first half. I don't like the narrative of "Ahead of market expectations"; it shouldn't matter what the market expects rather how the management expects as they are operating the business.
The jury is still out in my mind on the acquisitions and what impact these will have on the economics of the firm in the long run. Focusrite interfaces are the main claim to fame and this works so well, seems a bit odd going into music events which is a completely different ball game really.

[tongosti] 14/9/2021 08:40

Like I said a few days back price proceeds fundamentals.

[ironstorm] 14/9/2021 08:39

Fantastic statement - love that Sequential is doing great and the debt incurred already paid off. Next acquisition must be in the works to drive next years performance.

Good work.

[alter ego] 14/9/2021 07:55

"Focusrite plc (AIM: TUNE), the global music and audio products company supplying hardware and software used by professional and amateur musicians and the entertainment industry, is pleased to update the market on a positive trading year in which revenue, profits and cash flow have all grown substantially."

trading update

[coppertrader] 27/8/2021 12:43

an ideas what is driving the recent rise?

[martywidget] 12/8/2021 04:58

Talking Heads with Tim Carroll
Jul 19, 2021
Now serving his fifth year as chief executive officer for the Focusrite Group, Tim Carroll has played a pivotal role in the company’s upward trajectory. Instrumental in recent acquisitions and the creation of a new brand, the Californian is certainly at home in High Wycombe and receiving critical approval. Tim takes a break from his hectic schedule to bring Pro AVL Central up to date

[ironstorm] 20/7/2021 08:24

What a great little update - they continue to impress. Well done team.

[tomyumgoong] 20/7/2021 07:59

Excellent trading update this morning! Just what we want to hear! Well done Focusrite!"Since the Half Year period ended 28 February 2021, the Company has continued to trade well across all business units and demand has remained strong when compared with the corresponding period in FY20. As a result the Board now expects revenue for the full year to 31 August 2021 to be ahead of market expectations . In addition, p rofitability for the full year will be significantly ahead of expectations as a result of strong trading"

[2breakout] 02/7/2021 05:46

Very strong last few days. Can it make new highs?

[tomyumgoong] 23/6/2021 09:49

Andrew Wass, CEO of Gear 4 Music gives an interview here about the fantastic year they've had. https://apple.news/AzRMLHiWLR_22TlGGntJmMQI particularly like this statement which could have a good 'read across' to Focusrite!"In lockdown there were really two product categories that drove our business - guitars and home recording equipment - and PA systems did really badly. But we are starting to see PAs come through again, particularly bigger speaker systems as people start to look to do live gigs again... there has been a real shift in the sorts of products we have been selling," he said.

[martywidget] 19/5/2021 06:53

A video from May 5, on the recent acquisition:

Mitch Gallagher is joined by Sequential founder Dave Smith and Focusrite CEO Tim Carroll to talk about the acquisition.

[shanklin] 13/5/2021 10:36

Funny how all the broker SPs fall on days such as this... ...which are great for brokers.

[tongosti] 13/5/2021 09:16

Remarkable price hold up and great company. Cashed in my profits and bailed out earlier in the week due to US markets indicating trouble ahead but will be back once we know a bit better on the wider markets' front. GLA

[tongosti] 06/5/2021 11:08

1315 offered chaps.

[tongosti] 06/5/2021 08:13

Paying a divi while the rocket has indeed taken off. What a performance chaps.

[tongosti] 04/5/2021 11:20

Well - I am not too excited about that. It's only £18k worth of shares. Regardless, happy to be long though. In the black immediately after I initiated. SL moved up and will hopefully be above break even soon. GL.

[tomyumgoong] 04/5/2021 11:12

Nice to see Directors buying shares also!

[tongosti] 04/5/2021 07:59

Good start of the week chaps.

[tongosti] 30/4/2021 16:03

Good week chaps. This has been a proper breakout. Let's hope for a good follow up over the next few days.

[tongosti] 28/4/2021 08:08

Good follow up this early morning from yesterday's b/o. Let's see if it holds.