Fonix Share Discussion Threads

[wjccghcc] 10/10/2024 11:09

Yes, thanks rivaldo. It's a good watch.

[nfs] 10/10/2024 10:45

Thanks RivaldoOne can only hope that common sense returns post budget on October 30

[rivaldo] 07/10/2024 09:08

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

[melton john] 02/10/2024 12:47

Bamboo2, I've been in touch and sent him screenshots. Having gone into this a bit deeper, it seems my initial "somethings wrong" was being confused by ADVFN's swapping the colours compared to everybody else. It even says MACD on a blue label but the chart uses red for MACD. Also I thought your charts were equivalent to the Basic charts which give a crazy picture I think by using exp MA's instead of Simple MA. The bottom line seems to be just that the colours are reversed.

[bamboo2] 02/10/2024 06:05

MJ, thanks for doing opening the case. I did try playing around with the code. It's possible to change things like smas and chart size, but the MACD parameters defeated me. I find these more detailed charts containing indicators incredibly useful to give a once over from a technical pv. From memory I think you might have worked in software, so should be in a good position to go forward with this.

[melton john] 01/10/2024 21:41

Hi Bamboo2, I opened a case with the ADVFN support last Thursday, gave him all the examples of charts but not heard back. I'll chase him and see whether he's done anything yet. I messed with the 9 day averaged signal and got some weird results, reduce to 1 day and MACD looks right increase by 1 day onwards and every step alters the MACD which is stupid as signal is dependant on MACD not the other way around.

[bamboo2] 01/10/2024 12:25

MJ, Re MACD in header chart, I have asked on the advfn help page, but had no reply.

I guess the variables might be preset, so I'm not sure it's possible to change inputs in html. Are you or anyone else up for experimenting with it? There are numerous html practice threads.

I can let you have the codes or they can be obtained by right clicking on the chart and selecting 'copy image address'.

[johndoe23] 01/10/2024 10:08

Is the seller out?

[igoe104] 28/9/2024 10:38

Investor champion talks positively about FNX.

[74tom] 27/9/2024 20:58

Ps. I don't think the Cavendish report caused any damage, there was a lot of buying pre results which had no impact on the share price. There are either big sellers or it's being derated in line with lots of other AIM small caps with PE's over 20.

[74tom] 27/9/2024 20:57

You can get them via a research tree subscription.

They are conservative forecasts, however that comes with the territory for a company which has had 8 consecutive upgrades since IPO.

FY25 EPS is forecast as being 10.9p, just 0.2p higher than FY24. Some of this is due to the forecast interest income reduction. Still, even at tonight's 210p close FNX is trading on a PER of 19x

When it IPO'd back in late 2020 it was valued at 15x FY20 PE, so that would be the entry level I'd be looking for if we get an AIM budget crash, which is equivalent to ~163p.

IMO dry powder is the best investment you can have this side of 30th October.

[gopher] 27/9/2024 16:20

Does anyone have a link to the cavendish report which seems to be part of the cause of damage done to the share price

[igoe104] 27/9/2024 12:52

Interesting to hear that the CEO is on a low wage for a man of his position and his main incentive is the share price going higher...

[wjccghcc] 27/9/2024 12:51

johnDoe they are. Look at AMS, BOKU, CRW, GBG, HVO, MAB1, NICL, PCIP, PMU, RST, SAA, SPA for a start. All have Octopus as a large shareholder.

[igoe104] 27/9/2024 12:39

Judith Mckensie talks about FNX in this interview. About 23 minutes in..

[lammylover] 27/9/2024 12:11

Volume today is low, market makers just using fear in the markets to drop the bid hard, whenever anyone sells, causing a cascade effect. Then when buyers arrive, they still keep the bid low eg 207p when they are paying 209.5p) so that the headline 5.39% drop looks the same, in order to rattle more holders.. Its just a game to shake out loose shares from weak hands. MMs will walk FNX back up gradually....as this is one of the best AIM shares out there in terms of delivering results and dividends.

There's going to be loads of massive buying opportunities on many good and not so good AIM shares over the next 5 weeks before the Autumn statement. PIs and those holding AIM in IHT funds are all worrying what will happen and it just takes a few shares sold and prices tumble. MMs taking advantage of cheap shares, but also low liquidity in the market. Its certainly a buyers market, its just a case of what and when you buy and at what price.

I'm sitting on more cash than I normally do, to buy bargains when I see them...however catching a falling knife at present, springs to mind!

[johndoe23] 27/9/2024 11:27

If it was just IHT selling, why aren't loads of AIM shares getting smacked? Still think there's a substantial seller in the background

[wjccghcc] 27/9/2024 11:20

It will be AIM IHT selling as these are a reliable AIM performer so likely to be in many IHT portfolios.

Going to be some good bargains around in the next month or so.

[red ninja] 27/9/2024 11:08

I'm thinking fears of Capital Gains Tax rises and associated moves against inheritance and pensions.

They say it's against those with broad shoulders, but they are hitting my pension fund and yes they are not hitting MP's guaranteed pension funds.

Also talking down the UK economy and saying the NHS is broken at every opportunity is not helping.

[cormask] 27/9/2024 11:07

Totally agree, pretty much given up now on uk stocks.

[johndoe23] 27/9/2024 10:59

This is a farce

[johndoe23] 26/9/2024 14:43

Reckon those forecasts are way too low

[74tom] 26/9/2024 14:22

Have watched the book closely here over the past week and it looks like it's being de-rated by the market makers. There has been some chunky sells, however nothing that material vs the buying that has come through. There just seems to be little appetite to raise the bid.

Interesting to see whether long term support holds at around 2.15 if it gets there.

Stripping out the £1.1m interest income (which Cavendish are pretty much eliminating from their forecasts by FY26 anyway), this is trading at a PER of 22 with forecast EPS growth of 6% this year and 8% next year, so it's a punchy rating for not much growth.

How much revenue could Portugal realistically drive? It's one of those questions that would be perfect for an investor meet company if they thought it was worthwhile engaging with their shareholder base...

[lammylover] 26/9/2024 11:53

Oops my error £2.257!!

[rivaldo] 26/9/2024 11:48

That was a bargain at £1.25 Lammylover :o))