ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

FON Fonebak

57.02
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Fonebak LSE:FON London Ordinary Share GB00B06GNN57 ORD 2P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 57.02 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 57.02 GBX

Fonebak (FON) Latest News

Fonebak News

Date Time Source Headline
26/6/202307:00RNSNONBlancco Technology Group PLC Carbon Neutral Status Maintained

Fonebak (FON) Discussions and Chat

Fonebak Forums and Chat

Date Time Title Posts
25/2/200813:59Fonebak Plc83
07/3/200711:51Fonebak with Charts & News2

Add a New Thread

Fonebak (FON) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Fonebak (FON) Top Chat Posts

Top Posts
Posted at 19/2/2008 17:10 by swag6363
no buying interest at all, I wonder why major shareholders are not supporting the share price
Posted at 01/9/2007 22:21 by source
Thanks mark43 - it seems Fonebak have recently started a lot of "cleaning of decks" & sharpenng up of the operational side -- most of this is going on due to the hiccups in its fast growth & is being carried out by its new CEO & finance director. Is th problem you seem to be characterising temporary or a past problem?

It would seem their unique WEEE environmental accreditation etc is a real differentiator & could give it a shot at lot larger markets...Any buyout by O2 would have to be at a much higher price than currently given the prospects & transient problems of swallowing a large aquisition after a long period of fast organic growth.

The current year should show a solid recovery and start making up for the massive falls FON suffered earlier this year IMO...

Regards
Posted at 29/7/2007 11:47 by source
Largely drifting but found this interesting article. Confirms the big trends to FONs benefit, which should out in a quite positive way in due course.

Regards,

Laws on recycling electrical equipment come into force
By John Willman, Fiona Harvey and Maija Palmer

Published: June 30 2007 03:00 | Last updated: June 30 2007 03:00

Consumers shopping tomorrow for a new electrical appliance or electronic gadget will find something has changed at the check-out. Along with their change and receipt the retailer will give them some information: what arrangements have been made to dispose of the old equipment so it can be recycled in accordance with European Union legislation.

The long-delayed waste electrical and electronic equipment regulations come into effect on July 1, requiring distributors and producers to make arrangements for disposing of appliances and gadgets - even if sold or made by other companies.

DSG, which owns Currys and PC World, is offering to take back the old equipment in its stores, as is the electrical retailer Comet, which will charge a fee of up to £20. Most other retailers have paid their local authority to accept it on their behalf at their local waste tips.

Once handed in, the equipment will be taken off for recycling, to meet EU targets for the percentage of the materials that must be recovered to reduce the amount dumped in landfill.

As a result, a new industry is born this weekend, whose value the government has estimated at up to £400m a year. Yet many questions about how the new rules will work remain and some businesses are concerned that they will end up paying higher costs because competitors have not made their products recyclable.

One of the biggest problems businesses and the government face in implementing the legislation is lack of awareness among consumers.

A survey for Comet found only 2 per cent of people knew of the new recycling requirements - compared with 95 per cent who knew of the smoking ban. Half of those questioned did not recycle their electrical and electronic waste and a fifth said they did not know that it could be recycled.

A wheelie bin with a cross through it has been on appliances and gadgets since August 2005 to indicate they must be recycled but 71 per cent did not know what it meant. Nearly one in five of those questioned thought it meant "no wheelie bin collection in this area" and 16 per cent said it meant "please do not leave wheelie bins out in the street".

The introduction of the new rules has been long delayed, with arguments over who should pick up the bill. In the end, the government ruled that manufacturers and importers should pay, according to their share of sales in any year - even though much of the equipment to be recycled was made by others.

The work of collecting the old appliances and having them recycled will be handled by 37 registered producer compliance schemes.

However several parts of the system are not yet in place. "There is still no complete list of approved treatment facilities," says Scott Butler of ERP, the second largest scheme in the UK and part of a group that recycles electrical waste in eight other EU countries.
Posted at 13/7/2007 13:27 by source
No hard news yet but there are obvious attractions (some below):-

> They had fallen way way too much.

> The planned recovery back to profits is well established, with strong cash-flows.

> Very large insider buying too.

> They have an attractive, solid core business & they seem to be at the forefront of growing market(s), regulatory and social trends.

However none of the above is particularily new news for such a sudden market realisation to occur....

Guessing here, but it could be that the price move could be due to a takeover?

If so there should be plenty to go for yet given the above attractions.

Regards,
Source
Posted at 13/7/2007 10:00 by liveinhope
Would hope comapny would make an announcement responding to sudden, sharp rise in price, even if to say it knows no reason why. Doesn't have to though.
Posted at 26/6/2007 19:26 by source
Interesting news today regarding management incentive plan i.e.

The performance criteria under the Executive Plan are that, immediately
following the announcement of the Company's results for the period ending 30
June 2010:

* real annual growth in earnings per share for the Company, measured over
a three year period from 1 July 2007 until 30 June 2010 is equal to or in
excess of 5 per cent.; and

* the market value of an ordinary share in the Company (as derived from
AIM) is no less than twice the market value of a share at the close of
business on 25 June 2007 (being 55.5 pence per share)

In economic terms, the senior executives will be in a similar position to a
holder of options at 55.5 pence per share.
Posted at 10/6/2007 12:05 by source
Quite severe falls on top of already severe falls earlier this year...Seems the fuzzyness of the debt side of things may be causing confusion in the market.

However the management say the banks are with them and cashflows are strong...time will tell.

Further out the continuing strength in their core markets and strong market trends in their favour will be hard to ignore if their recovery plan rights some earlier over-expansion...I thought I'd pot this older article regarding these longer term trends from Questar:-

Questor....

.... (Waste Electrical & Electronic Equipment directive, which enjoys the gloriously apt acronym WEEE. The onerous legislation, which is due to come into effect in January 2007, will require all kinds of companies to recycle a sizeable slug of the electrical and electronic kit they manufacture or sell).

For many businesses WEEE is already proving to be a pain in the proverbial, but, as ever with new laws, it also opens up business opportunities for entrepreneurial types. AIM-listed Fonebak finds itself in this particular sweet spot. Floated in March 2005, it has long-standing rolling contracts with all of the UK mobile networks whereby it takes their used phones from them for free.

If Fonebak can refurbish the phone and sell it on to Carphone Warehouse equivalents in Africa or South East Asia, it will pass on a share of the revenue with the network. In the 10pc of cases where it can't it will send the batteries to a recycling centre in France and the phone chassis to another recycling plant in Sweden.

Last year it processed 3m phones through its operations in the UK, Romania Belgium, France, Lisbon and Istanbul – but the opportunity is much greater. Fonebak estimates there are 400m mobile connections across Europe, of which 150m are switched every year, creating the chance to refurbish or recycle phones.......
Posted at 06/6/2007 12:38 by source
Going a bit over board there.

The loss for this year to July 2007 was WELL flagged up, much more relevant is the point that the plan to get back seems a good one (& funded out of existing cashflows) -- furthermore the banks are supportive.

So the year to July 2008 is by far the most relevant timeframe to consider and things look encouraging - the core FON business is strong, with good prospects -- indeed inbound volumes have grown again even during this troubled period.

In my view the already heavy fall may now be being overdone.

Regards,
Posted at 12/3/2007 21:06 by source
Looking like a good potential given Fonebak's house broker now reckons the company will make £2.8m pre-tax and EPS of 7.8p in the year to 2007 and £4m pre-tax and EPS of 9.8p in 2008. Seems the current price is worth a look given this, and then potentially even better as management get a handle on the operational hiccup.

Regards
SOURCE
Posted at 07/3/2007 11:51 by nickcduk
74graham - I do seem to find that your in a lot of stocks which are useless. I hope your positions are small and that you haven't suffered much in the way of losses, or that maybe you have recouped them elsewhere. I think Fon is around a fair value level pending their results. If they issue more worrying news then I can imagine this share pricing in the risk of it going bust.

Have you thought of investing in companies less risky and less ramped?
Fonebak share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock