Focusrite Plc

0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Focusrite Plc LSE:TUNE London Ordinary Share GB00BSBMW716 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 495.00 0.00 07:30:03
Bid Price Offer Price High Price Low Price Open Price
450.00 500.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Musical Instrument Stores 183.73 24.78 42.20 12.38 293.10
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 495.00 GBX

Focusrite (TUNE) Latest News

Focusrite (TUNE) Discussions and Chat

Focusrite Forums and Chat

Date Time Title Posts
17/5/202312:11Focusrite PLC511

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Focusrite (TUNE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-05-31 16:06:27495.0314.95O
2023-05-31 15:38:06498.794,63123,098.96O
2023-05-31 15:35:26495.00151747.45UT
2023-05-31 15:35:00500.00525.00O
2023-05-31 15:35:00500.001050.00O

Focusrite (TUNE) Top Chat Posts

Top Posts
Posted at 02/5/2023 01:55 by tudes100
I'm a little puzzled about the video of the results presentation. It was clearly done by the team at Investor Meets Company as its the same individual doing the intro & the summary at the end but it hasn't appeared on the IMC website and was not communicated prior to investors who follow the company. I really don't understand why the TUNE management team made the decision to just put it on their own website and not share with the wider private investor audience. Given the company needs a higher profile in the market it seems like a really odd decision.
Posted at 28/4/2023 02:55 by tudes100
Morning EW, re page 8...they obviously don't get EPOS sales from their retailers so registrations is the best way for them to gauge what consumers are actually buying vs the product that they are selling in to these retailers & other re-sellers.
If they were seeing a 7% decline in this bi-month it might suggest they've actually gained share as their market data (which is largely US centric) suggests that in calendar H2 the music market is down 8.6%. It's a bit of a loose comparison as they are comparing a bi-month (Nov/Dec) with a six month period but it's probably the best they can do to assess market share.
TUNE has always been illiquid as the founder has held such a significant stake. Dudderidge has reduced this over time but it can still mean that share movements can be accentuated in both directions. The last short position reflected on shorttracker went under 0.5% in Sept 22 so there is no further data available after this point.

Posted at 27/4/2023 16:11 by epicwarlock
Thanks for posting the presentationThought this was a bit more positive and descriptive than the results communication actually Not sure I fully follow p8. charts & data, but if it means holding market share in a sluggish market, while clearing inventory build-up, then can't really complain when it comes to the sustainability of this company. Although if it's in a slow growing market, then we can never really expect stellar organic growth &/ growth-stock PE multiples.I'm positive about the diversity of the portfolio now and the various fairly recent acquisitions look really positive.It's obviously difficult to swallow the losses this week and it feels a bit overdone perhaps. I plan to hold these for the long term all the same.I must be missing something and would love to hear thoughts.Perhaps someone has visibility on the order book/ any overhang/ any shorting etc in case any of.thoae dynamics may be amplifying the recent movementsGLA
Posted at 26/4/2023 10:07 by rp19
Jolomo, I agree on the communication front - there is so little information available. I've emailed the company for the views on this, let's see if I hear anything back.

I was disappointed by the numbers. Although there are no forecasts out there, on March 14 2023 they said that HY 2023 profits "are in line with Board expectations and remain unchanged for the full-year supported by stronger gross margins". Then yesterday, operating profit was announced at £11.5m which is someway below the 2022 figure of £16.3m. I'm not suggesting that they ever said that this year's figure would match last year's (I accept wider challenging consumer environment)but was the Board's expectation really to fall significantly short of the 2022 figure? If so, this was not evident in any previous communications to me.

Given the above, hard to know what EPS we are going to get in H2. Is it realistic to double the adjusted H1 figure (18p) to get 36p for the FY? If so, the current share price is not on a demanding rating.

Posted at 26/4/2023 09:33 by jolomo
I agree I don't think business is broken but maybe they could get you to write their updates. Issues re inventory, weak sell through were hardly unique to TUNE in the period so I don't understand why they were so shy in explaining this in greater clarity.
Would be interested if anyone has latest broker update. I think chance that could be as bad as 30p-36p this year on back of higher tax rate, although success of new products key. Not end of world considering share price decline.

Posted at 26/4/2023 06:50 by tudes100
Market share is referenced in the results, they believe they maintained share in a tougher market. They mention North America market being down approx 8% vs prior yr which puts their performance into context.
Have seen some commentary about the results that seems to confuse sell in with sell through.

Posted at 25/4/2023 16:43 by epicwarlock
It would be helpful to understand their market share and whether that has deteriorated in key segments.
Posted at 12/1/2023 07:37 by ozzietom
Berenberg initiates coverage with a Buy rating and a price target of 1100p. That's a 40%+ rise from where it is today. If only. Unfortunately this seems to be out of favour at the moment, with very little interest. I still like it and like the management and quality of products, so believe it will do well in the long run, but the opportunity cost is getting higher.
Posted at 27/3/2022 17:52 by tmfmayn
[SharePad] Screening For My Next Long-Term Winner: FOCUSRITE #TUNE

"A board led by two hands-on industry veterans makes a refreshing change from the accountants that so often take charge of public companies"


Posted at 17/2/2022 19:38 by sf5
Thanks I assume we're expecting an update any time now, given there was one on 19Feb 2022. G4M looks to have slumped similarly to TUNE - their Jan update highlighted a big drop in non-UK sales. I really must respect my stop loss points!
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