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. |
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." |
 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." |
Bought a few more FNX today. Have some cash ready if a better opportunity presents itself. |
Didn't see any large trades, yet |
Not tipped just the seller clearing. So the share price should now gradually return to where it was |
We are moving. |
Handful of sells and down we go |
But not today, so not constantly it seems. Maybe it will go up after it stops going down. |
Constantly someone selling down here it seems |
Seller cleared ?
lets hope so . |
It has been clearly obvious there has been a seller here for some time. Today's price action and volume should have produced a >5% gain but it has risen 1p,
Only need to be patient here, take the divs and the capital appreciation wont be long. |
Looks like brokers are working a sale given the amount of buying. I’ve added today. Hopefully it’s an opportunity at the current prices. |
Thanks for the Cavendish note Rivaldo.
This company is certainly going to grow alot more over the coming years. Don't blame folks for topping up...
Especially with two dividends incoming over the next couple of months... |
Persistent seller looks to me like someone just using 1000 blocks to move the share price downwards, presumably to shake out cheap shares and buy a much bigger block at a lower price. |
Persistent seller/s dumping into the spike, slightly frustrating. But positive update. 6p divi approaching |
Don't forget this too Rivaldo"With high levels of existing recurring income, recent new customer wins, and advanced partnership opportunities in Portugal, the Board anticipates a stronger H2 weighting than usual" |
Likewise rivaldo .... far to cheap at 207 this am |
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. |
Seem to be folowing GAWs philosophy of returning surplus cash to shareholders. Sounds good to me. |
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! |
Special dividend 3p paid on the 12 February.
Interim dividend probably be around 2.8p paid some time in March or early April... |
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