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FNX Fonix Plc

214.00
0.00 (0.00%)
10 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Fonix Plc FNX London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 214.00 08:00:03
Open Price Low Price High Price Close Price Previous Close
214.00 214.00 214.00 214.00 214.00
more quote information »
Industry Sector
MOBILE TELECOMMUNICATIONS

Fonix FNX Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
24/09/2024FinalGBP0.05721/11/202422/11/202429/11/2024
12/03/2024InterimGBP0.02621/03/202422/03/202402/04/2024
21/09/2023FinalGBP0.048916/11/202317/11/202330/11/2023
13/03/2023InterimGBP0.023623/03/202324/03/202331/03/2023
22/09/2022FinalGBP0.04524/11/202225/11/202230/11/2022
14/03/2022InterimGBP0.0224/03/202225/03/202231/03/2022
23/09/2021FinalGBP0.035318/11/202119/11/202130/11/2021
22/02/2021InterimGBP0.01704/03/202105/03/202119/03/2021

Top Dividend Posts

Top Posts
Posted at 20/12/2024 20:42 by igoe104
More good news for FNX, as partner looks to expand into Scotland..
Posted at 12/12/2024 08:35 by rivaldo
Excellent news - FNX have confirmed the Portugal launch, and this is ahead of the "early 2025" schedule mentioned in the AGM statement.

I also note that FNX state they now have "coverage now across five countries (UK, Ireland, Germany, Austria and Portugal). They haven't AFAIK specifically mentioned before that coverage has actually commenced in Austria, so this looks like another under the radar titbit....



"Fonix Launches in Portugal
11/12/2024

We are thrilled to bring our mobile interactivity and SMS billing services to Portugal. This launch represents a significant milestone for Fonix as we continue to expand our global footprint. Our solutions are designed to help businesses grow by leveraging the power of mobile technology, and we look forward to supporting Portuguese businesses in achieving their goals.

With coverage now across five countries (UK, Ireland, Germany, Austria and Portugal), we can accept more payments, unlocking huge growth opportunities for our clients.

The launch in Portugal is part of Fonix’s ambitious plan to establish itself as a global leader in mobile payments and interactive services. By tailoring solutions to local markets, Fonix aims to drive innovation and revenue growth for businesses worldwide.

This expansion is a testament to Fonix’s commitment to enabling businesses to thrive in an increasingly mobile-driven world. Whether it’s simplifying payment processes or creating more meaningful customer connections, Fonix is paving the way for a smarter, more connected future.

Stay tuned as Fonix continues to make waves across Europe and beyond!"
Posted at 12/12/2024 08:23 by lammylover
Quelle surprise! Market makers open market with FNX 10.43% up, with yes, you've guessed it - Ask219p, bid 215p - exactly the same as yesterday at market close 1630.

AIM nonsense
Posted at 19/11/2024 11:15 by rivaldo
Can't ask for more than that in the current environment.

With the high repeating revenues, blue chip client base and overseas rollout to come in H2 FNX should continue to be a solid performer with periodic leg-ups as per the long-term chart.
Posted at 25/10/2024 06:19 by lauders
At the AGM, shareholders are being asked to approve, amongst other things, a final dividend of 5.70p per share, which if approved, will be paid on 29 November 2024 to those shareholders who were on the register at the close of business on 22 November 2024 (record date), with a corresponding ex-dividend date of 21 November 2024.
Posted at 18/10/2024 07:57 by rivaldo
:o))

Since he joined ADVFN 18 months ago, Mr Llama has posted a mere 17 times in total. This is his first comment on FNX, and it perhaps says more about him than anyone or anything else.

I was under the impression that this was meant to be a community where opinions can be ventured freely, but hey, what can you do if some prefer cynicism, negativity and personal comment to actual discussion of stocks.

Mr Llama did make one good point though - this is only a "potential" issue, and FNX are right to alert us to that. Though the comments I've posted above from Cavendish would seem to make even this "potential" issue pretty redundant in general, and specifically at worst with no effect anyway for some time to come. IMHO!

EDIT - exactly Kirkie001!
Posted at 07/10/2024 09:08 by rivaldo
FNX have made available a new 29 minute presentation of their results. Highights:

- "most of our revenues are underpinned by our existing client base"

- there are "a number of highly important deals" to be finalised this year and grown over time to deliver more and more recurring revenues. There is a "strong pipeline"

- Portugal will be live and transacting in the next few months and there is more international expansion to come

- FNX expect to add more names to their media customer list to be announced in the coming year

- will be "layering in more territories" in the course of the next 18 months
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’s earnings upgrade cycle is far from over’, 22 July 2024).

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’s earnings upgrade cycle is far from over’, 22 July 2024).

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."
Posted at 02/4/2024 16:36 by dicktrade
Has anyone received the FNX dividend in to a HL ISA account yet ??
TIA

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