We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Fonix Plc | FNX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.50 | 0.23% | 222.50 | 12:18:19 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 223.00 | 222.50 | 223.00 | 222.50 | 222.00 |
| Industry Sector |
|---|
| MOBILE TELECOMMUNICATIONS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 23/01/2025 | Special | GBP | 0.03 | 30/01/2025 | 31/01/2025 | 12/02/2025 |
| 24/09/2024 | Final | GBP | 0.057 | 21/11/2024 | 22/11/2024 | 29/11/2024 |
| 12/03/2024 | Interim | GBP | 0.026 | 21/03/2024 | 22/03/2024 | 02/04/2024 |
| 21/09/2023 | Final | GBP | 0.0489 | 16/11/2023 | 17/11/2023 | 30/11/2023 |
| 13/03/2023 | Interim | GBP | 0.0236 | 23/03/2023 | 24/03/2023 | 31/03/2023 |
| 22/09/2022 | Final | GBP | 0.045 | 24/11/2022 | 25/11/2022 | 30/11/2022 |
| 14/03/2022 | Interim | GBP | 0.02 | 24/03/2022 | 25/03/2022 | 31/03/2022 |
| 23/09/2021 | Final | GBP | 0.0353 | 18/11/2021 | 19/11/2021 | 30/11/2021 |
| 22/02/2021 | Interim | GBP | 0.017 | 04/03/2021 | 05/03/2021 | 19/03/2021 |
| Top Posts |
|---|
Posted at 10/2/2025 09:46 by red ninja Good to hear the Naked Trader is on board.It might be worth pointing out that to those new to the stock that it went EX dividend on 30/01/2025 and the special dividend should be paid on 12/2/25 ie Wednesday. |
Posted at 10/2/2025 08:43 by rivaldo Good to see the Naked Trader keen in his most recent update:"Decent report from Fonix today - good news there is a special dividend along with the usual one which shows confidence, goes ex dividend for this next Thursday. For newbies that means if you buy the shares by the end of play next Wednesday you will get the special dividend. It’s a nicely growing business with new business in Portugal growing well , an Isa hold and keep." |
Posted at 06/2/2025 12:26 by rivaldo FYI Cavendish's recent note with the 300p target price summarised as follows:"A robust investment case: As we explain in more depth in our FY24 results report, Fonix is focused upon leveraging its highly scalable, cloud-based platform to expand with existing clients and win new clients as mobile payments continue to scale. The structural strength of the platform is demonstrated by no churn from major customers since inception, and it is diligently expanding its market-leading technology outside of the UK, including becoming the market leader for interactive services in Ireland less than one year after FY23 launch. We expect that any upside to our conservative forecasts would benefit from strong operational gearing through to EFCF, which would be returned to shareholders through the progressive dividend policy and potential additional shareholder returns." "Strong 1H, special DPS of 3p, forecasts reiterated Fonix’s 1H25 trading update shows +7% gross profit growth, +7% adjusted EBITDA growth, a special DPS of 3p, and a confident outlook that leads us to conservatively reiterate our FY25 and FY26 forecasts. Gross profit growth of +7% to £9.8m reflects continued growth across both mobile payments and messaging, or at least mid-single digit gross profit growth in both the UK and Rest of Europe, and firm control of costs has driven adjusted EBITDA growth of +7% to £7.8m. Operationally, Fonix has continued to make strong progress with the win and recent launch of interactive services with News UK, the launch of PayFlex, which enables the recovery of failed mobile payments by integrating Apple Pay, Google Pay, and PayPal, and the launch of DonationPortal, which enables charities to create custom-branded donation pages. Internationally, contracts are now in place with all major mobile network operators in Portugal, Fonix has formed a strategic partnership with Portuguese telecom NOS that will enable Fonix to accelerate growth with NOS’ broadcast customers, and Portuguese services are expected to launch in the coming months. Further international expansion is also accelerating, with numerous early discussions with mobile network operators and broadcast customers across multiple European markets, and CFO Michael Foulkes has been appointed Chief Financial & Operating Officer to drive platform expansion in new countries, alongside new product delivery. The strong 1H progress leads us to conservatively reiterate our FY25E and FY26E gross profit, adjusted EBITDA, and EFCF, with the potential for upside as growth accelerates following the launch in Portugal. The 3p special DPS is then expected to be paid in February, and leads to the change in our FY25E and FY26E net cash. We look forward to further detail at 1H results in March, further updates on international launches, and potential additional shareholder returns, and at 206p, Fonix is trading on 12-month forward multiples of 12x EV/EBITDA with +9% growth, 18x P/E, 5% EFCF yield, and 5% dividend yield." |
Posted at 23/1/2025 08:57 by rivaldo A very encouraging H1 update today.Cavendish have retained their 300p target. More importantly, their forecasts are extremely conservative. FNX made £7.8m adjusted EBITDA in H1, compared to the forecast for the year of £14.8m - so FNX merely need to repeat their H1 performance to easily beat expectations. The 3p special dividend is welcome, and Cavendish now forecast 11.8p of dividends for the year. But the news flow beyond the H1 update is incredibly impressive. Firstly there's the accelerating progress overseas. The terrific start in Ireland has quickly been matched by the start of operations in Portugal, with "Contracts in place with all major mobile network operators in Portugal" already, as well as the new "commercial partnership with NOS, one of Portugal's leading telecommunications providers". We also now know that FNX are "in early discussions with a number of mobile network operators and prospective broadcaster customers across several new European markets." Even better, FNX "has recently launched interactive services with News UK, a prominent multinational media organisation, across its talkSPORT and Virgin Radio brands in the UK". And the cherry on the cake are the new products which have recently been launched. I've topped up. |
Posted at 23/1/2025 08:45 by lammylover Thanks igoe, that makes sense now.Last year the interim dividend went ex div on 21/3/24 at 2.6p, so I can see now that they've added the Special Dividend earlier. Strange way to do it, but got to love the Board for looking after us shareholders! |
Posted at 23/1/2025 08:42 by igoe104 Special dividend 3p paid on the 12 February.Interim dividend probably be around 2.8p paid some time in March or early April... |
Posted at 23/1/2025 08:32 by lammylover Anyone know what the next dividend actually is? Last year the interim was 2.6p, assume its more this year plus the 3.0p special dividend. I can't see it in today's RNS, nor find it elsewhere. Hopefully I'm not just being obtuse!Thanks Lammy |
Posted at 18/1/2025 10:45 by melton john I think a few people have been wanting to buy shares they have been watching starting to move upwards. Are they thinking what can they sell to raise cash and picking, for no valid reason other than cutting losses, FNX.I, along with Scott, thought they were worth buying but at higher prices than today. Paul Hill's comments were disappointingly uninformed and hurried. He made FNX sound like just another Giff-Gaff like service provider without mentioning the payments by text that so many charities etc rely on for ad hoc payments to fund raising events. |
Posted at 24/9/2024 11:53 by lammylover Covered by Simon Thompson again this morning in Investors Chronicle"Fonix's international expansion presents a repeat buying opportunity" Simon Thompson: A mobile payment technology group delivering double-digit growth looks set fair as it taps into more overseas markets Fonix's international expansion presents a repeat buying opportunity. "Mobile payment technology group Fonix Mobile (FNX:232p) flagged up its record annual results in a pre-close trading update when the directors upgraded their earnings guidance. House broker Cavendish pushed through mid-single-digit earnings upgrades at the time (‘Fonix’ Founded in 2006, Fonix’s core activity is offering a mobile payments service that enables merchants to charge customers for products or services (mobile ticketing, gaming, parking, dating, charity donations), turning the mobile device into a cash register while offering convenience for consumers. The London-based group has a blue-chip client base heavily weighted towards the media sector, the segment accounting for nearly 80 per cent of last year’s gross profit of £17.9mn. The double-digit increase in transaction volumes processed in the 12-month trading period was driven by a combination of domestic growth and international expansion. Fonix has successfully cracked the Republic of Ireland, having launched services less than 24 months ago with Bauer Ireland, RTÉ (Ireland's National Television and Radio Broadcaster) and Wireless Radio Ireland, along with several smaller clients in the country. For instance, Fonix’s live broadcaster voting services support Eurovision voting across both the UK and Ireland, along with RTE’s telephony voting services. The customer-led roll-out in Ireland is being used as a blueprint for low-risk expansion into other well-regulated overseas territories. Expansion into the Portuguese market is imminent, having been initiated by one of the group’s multinational media clients with a strong presence in the country. Fonix has developed a robust pipeline of potential clients across both TV and radio broadcasters and plans to start processing transactions in Portugal ahead of the Christmas trading period. The international segment accounts for 12 per cent of group gross profit, a weighting that can only increase as more overseas markets are targeted. Total payments volume up 13 per cent to £303mn Annual revenue up 17 per cent to £76mn Full-year pre-tax profits up 27 per cent to £14mn 21 per cent higher earnings per share (EPS) of 10.8p Dividend per share hiked 14 per cent to 8.3p Mobile payment technology group Fonix Mobile (FNX:232p) flagged up its record annual results in a pre-close trading update when the directors upgraded their earnings guidance. House broker Cavendish pushed through mid-single-digit earnings upgrades at the time (‘Fonix’ Founded in 2006, Fonix’s core activity is offering a mobile payments service that enables merchants to charge customers for products or services (mobile ticketing, gaming, parking, dating, charity donations), turning the mobile device into a cash register while offering convenience for consumers. The London-based group has a blue-chip client base heavily weighted towards the media sector, the segment accounting for nearly 80 per cent of last year’s gross profit of £17.9mn. The double-digit increase in transaction volumes processed in the 12-month trading period was driven by a combination of domestic growth and international expansion. Fonix has successfully cracked the Republic of Ireland, having launched services less than 24 months ago with Bauer Ireland, RTÉ (Ireland's National Television and Radio Broadcaster) and Wireless Radio Ireland, along with several smaller clients in the country. For instance, Fonix’s live broadcaster voting services support Eurovision voting across both the UK and Ireland, along with RTE’s telephony voting services. The customer-led roll-out in Ireland is being used as a blueprint for low-risk expansion into other well-regulated overseas territories. Expansion into the Portuguese market is imminent, having been initiated by one of the group’s multinational media clients with a strong presence in the country. Fonix has developed a robust pipeline of potential clients across both TV and radio broadcasters and plans to start processing transactions in Portugal ahead of the Christmas trading period. The international segment accounts for 12 per cent of group gross profit, a weighting that can only increase as more overseas markets are targeted. High operational gearing The other major benefit of scaling up international operations is that Fonix has a relatively fixed cost base and a highly scalable technology platform, so it benefits from high operational leverage in a positive revenue cycle. In fact, more than 80 per cent of incremental gross profit earned in the 12-month trading period dropped through to operating profit. Moreover, the low capital requirements of the business mean the group is a prodigious cash generator. Underlying cash, which excludes cash held on behalf of customers increased a fifth to £11.3mn, and that’s after making £2mn of share buybacks in April 2024 and paying out £7.5mn in dividends. Interest income trebled to £1.1mn in the period, too. Even allowing for increased capital spend in the current year, and lower finance income as interest rates fall, the group is still forecast to generate free cash flow of £10.1mn (10.1p), a sum that comfortably covers house broker Cavendish’s payout estimate of 8.8p, which underpins a 3.6 per cent prospective dividend yield. This is based on a conservative-looking pre-tax profit estimate of £14.3mn, which offers ample scope for upgrades as the new financial year progresses. Admittedly, Fonix’s progress has not gone unnoticed as the shares have delivered an 84 per cent total return since I initiated coverage and now trade on a price/earnings (PE) ratio of 21 (Alpha Research: Bargain opportunity to play the mobile payments boom’, IC, 5 August 2021). However, management’s track record is mightily impressive and the international growth strategy is being executed well, so it’s a price worth paying. Cavendish’s 300p target price is not unreasonable and recent profit-taking is a repeat buying opportunity. Buy. |
Posted at 22/7/2024 12:15 by lammylover Covered in Investors Chronicle at lunchtime today..."Fonix’s earnings upgrade cycle is far from over Mobile payment group delivers record annual results could boost its dividend" July 22, 2024 by Simon Thompson "Profits ahead of market expectations Upgrades to both 2024 and 2025 forecasts." "Mobile payment technology group Fonix Mobile (FNX:261p) has announced a robust pre-close trading update ahead of annual results on 24 September 2024. Buoyed by 17 per cent forecast growth in full-year revenue to £76mn, gross profit and cash profit have increased by 18 per cent to £17.9mn and £13.7mn, respectively. House broker Cavendish pushed through mid-single digit earnings upgrades and now expects full-year pre-tax profits to rise 23 per cent to £13.6mn and earnings per share (EPS) to increase 16 per cent to 10.3p. Moreover, Fonix’s cash generation is better than anticipated, prompting analysts to raise their free cash flow (FCF) estimates by £0.5mn to £9.7mn (9.8p), implying an FCF yield of 3.8 per cent. The strong cash generation supports a policy of paying out three-quarters of net profit as dividends, so shareholders can expect a raised payout of 7.8p per share. Underpinned by the combination of ongoing strong cash generation as well as single-digit upgrades to earnings forecasts for the 2024-25 financial year, Cavendish expects the dividend per share to be hiked again to 8.5p and covered by EPS of 10.6p. On this basis, the shares offer a prospective dividend yield of 3.3 per cent and are rated on a forward price/earnings (PE) ratio of 24.5." |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
