Fonix Share Discussion Threads

[apad] 02/4/2024 19:09

I received the divi on Monday from IG.

When CPC was taken over I had some in IG and some in X-O. IG was straight away and Jarvis a week later.

apad

[dicktrade] 02/4/2024 18:11

I am positive that HL delay payment on dividends to pocket the interest for a day.

[igoe104] 02/4/2024 16:42

I've not had mine in my AJ Bell account yet..

[dicktrade] 02/4/2024 16:36

Has anyone received the FNX dividend in to a HL ISA account yet ??
TIA

[rivaldo] 02/4/2024 06:44

Looks like FNX powered a good year for Comic Relief, up 18% on last year:



"10th Major Campaign With Comic Relief
27/03/2024

Over £40m was raised for Comic Relief’s ‘Do Something Funny For Money’ campaign on Friday 15th March, £6 million more than last year. This year’s donations bring the total raised to an unfathomable £1.5 billion since the launch of the charity in 1985, helping the lives of over 100 million people! A fantastic achievement and one Fonix is proud to play a part of.

Fonix has had a strong relationship with Comic Relief since 2015, providing text-to-donate solutions to all 10 major campaigns with them, including The Big Night In which raised money in 2020 to support those affected by the COVID-19 pandemic. Fonix has raised over £70 million through text-to-donate solutions with Comic Relief and their fantastic telethons, encouraging donations through the amazing entertainment they provide year in and year out.

Text donations and Delayed Donation are powerful tools in the charity sector. They are an effective way to maximise donations where there is constant interactivity with the audience and mass volumes of donations. Comic Relief has raised as much as £13m via text donations in a single campaign."

[rivaldo] 25/3/2024 09:44

Cavendish's extensive 21 page update note post-results includes some points worth noting:

- "Today’s release highlights: that the Board is considering options for the use of surplus cash including special dividends or buybacks; a strong start to H2 24 that is comfortably in line with our upgrades in January; and that management has identified multiple European countries for future expansion, with a new market potentially being announced in 2024"

- "A robust investment case – 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 in seven years, and it is diligently expanding its market-leading technology outside of the UK when led by existing clients, including becoming the market leader for interactive services in Ireland less than one year after FY23 launch. The successful execution of the strategy has driven Total Payment Value (TPV) to £268m in FY23 from £125m in FY18, adjusted EBITDA to £11.6m in FY23 from £3.3m in FY18, and underlying EFCF to £9.0m in FY23. 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"

- "Since IPO in October 2020, Fonix has delivered a perfect record of six consecutive gross profit upgrades and seven consecutive adjusted EBITDA upgrades, as the platform’s momentum continues to build"

- "Through H1 24, management has continued to strategically focus on larger opportunities, including significant enterprise deals in the UK and international markets, and driving greater volumes of transactions with existing clients. Combined with the heterogeneity of the customer base, management are less focused on the absolute number of customers using the platform, and will move away from providing granular customer numbers in the disclosure. Instead, the disclosure will continue to confirm the customer base is over a given size, such as today’s release confirming the active customer base is over 120, following 122 active customers at FY23 results"

[red ninja] 22/3/2024 13:01

Too true, I'd prefer to avoid the spikes, but in reality it's unavoidable.

[igoe104] 22/3/2024 12:58

Happens all the time when this spikes. Its better if shares rises steadily, more chance of holding gains...

[red ninja] 22/3/2024 12:51

Share price seems to fallen through the 270p level currently trading 255p - 265p.

I guess it's inevitable that some will take capital gains at this time of year.

[dicktrade] 21/3/2024 13:42

although only 2.6p its nice to get the dividend for nothing

[igoe104] 20/3/2024 08:20

Spot on gents. Most folks this day of a age live on the never never, expensive leased cars and credit cards and mortgages maxed to the hilt...

[igoe104] 19/3/2024 17:51

Companies like this should be stuck in a ISA, and be held for years. Thats how you make the big money. Too many folks jumping in and out all the time, looking for a quick buck...

[johndoe23] 19/3/2024 16:09

Indicative of society today, everyone wants everything tomorrow!

[janeann] 19/3/2024 16:01

end of tax year .... some may be taking gains for other reasons etc!

[igoe104] 19/3/2024 14:29

Too many folks are impatient and are cashing in. If FNX roll out their technology across many geographies today price will be a drop in the ocean, compared to the multi bag potential...

[igoe104] 19/3/2024 09:23

You would imagine its just a matter of time, before they break into Europe biggest economy Germany, especially having a foothold in Austria anyway.

Buys in at £2.95 can £3 get broken, won't take much..

[rivaldo] 18/3/2024 10:56

New highs again.

Maiken, this is what ST had to say in the IC about international expansion:

"The group is also successfully expanding into international markets, which now generate more than 10 per cent of gross profit. For instance, Fonix has become the market leader in interactive services in Ireland, having launched services less than 18 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. The roll-out in Ireland will be used as a blueprint for expansion into other well-regulated overseas territories."

[igoe104] 16/3/2024 11:55

FNX talked about on this investors champion podcast.

[red ninja] 14/3/2024 16:58

The Simon Thomson and Master Investor readers can power us to the close Cavendish 300p target.

[tole] 13/3/2024 18:17

https://masterinvestor.co.uk/equities/small-cap-catch-up-aml-cury-rfx-and-fnx/Fonix Mobile (LON:FNX) – Dialling In NowWhen consumers make donation payments to Comic Relief and Children in Need or ITV, Bauer Media, RTÉ and Global Media, to name a few, they are charged to their mobile phone bill.The service that Fonix provides can be used for ticketing, content, cash deposits and donations, by way of mobile payments and messaging services for clients across media, telecoms, entertainment, enterprise and commerce.The mobile payments and messaging provider enjoyed good trading in its first half year to end December 2023.Yesterday morning it declared its Interim Results and they showed 25.4% up in adjusted pre-tax profits at £7.4m, with earnings 16.35 better at halfway of 5.7p per share.CEO Rob Weisz stated that:""We've made excellent progress on our strategic priorities in the period, once again nurturing significant growth from both established clients and newly onboarded customers alike.As we have begun to explore overseas markets we have identified territories with favourable market dynamics and exciting growth potential.At the same time we have continued to add significant additional depth to our product offering, expanding our competitive advantage and creating the founding dimensions for growth into the future."This group has a highly scalable business, it obviously offers something good in its services because it has suffered minimal customer churn over the last seven years or so – which is impressive.It also helps to create strong elements of recurring revenues.Analysts Michael Hill and Andrew Darley at Cavendish Capital Markets have current year estimates to end June for £72.6m (£64.9m) revenues, pushing adjusted pre-tax profits to £12.7m (£11.0m), with earnings of 9.7p (8.9p) and covering a healthy dividend of 7.8p (7.3p) per share.For the coming year they foresee £78.7m turnover, £13.5m profits, 10.2p earnings and a dividend of 8.5p per share.They have a Price Objective on the shares at 300p.The group's shares, which have been as low as 177p in the last year, closed last night 15.5p up on the day at around 258p.Hold tight for higher pricing.

[maiken] 13/3/2024 17:00

Hi Rivaldo, please can you summarise main points.does he offer any comment on prospects/plans for international expansion ?

[rivaldo] 12/3/2024 22:34

Tipped this evening by the IC's Simon Thompson - should generate some more interest tomorrow:

[rivaldo] 12/3/2024 12:37

I'll read the full note tonight, but am pleased that the forecasts once again look conservative.

This has been a regular occurrence with FNX, and usually gives rise to intermittent profit upgrades during the year as FNX overdelivers against those prudent forecasts.

Also, FNX specifically state today that it "continues to have over 120 active customers", so I assume there's no significant movement since the 122 at the last year end.

With 5.7p EPS in H1 the current forecast of 9.7p EPS for this year certainly looks very prudent, even with an H1 weighting of gross margin.

[doctor888] 12/3/2024 11:21

A few thoughts after reading Cavendish's note - I'd appreciate your views:

The revenue estimate for 2024 seems too conservative - only 72.6m for 2024, meaning only 3% yoy growth for H2! Perhaps depressing the share price will allow us to buy back more shares at a bargain price.

I am always cynical but is it a bit fishy that they no longer disclose customer numbers? Did they peak in 2022 at 123?

Campaign Manager is doing well. Does it compete with what Eagle Eye Solutions does? Anyone who holds EYE want to comment?

Why are gross profits from mobile messaging forecast to be flat in H2 yoy, after rising 53% in H1?

I hold FNX.