Fonix Mobile Share Discussion Threads

[netcurtains] 07/10/2021 08:06

Are they going to do something about another company using their name to do Cryptocurrency trading (it appears to be based in middle east):

[rivaldo] 04/10/2021 10:19

Research Tree posted on Friday a 45 minute results presentation from FNX, including questions at the end. It's well worth a watch for subscribers - I can't see it anywhere else yet, be it on FNX's web site or anywhere else on the web.

Interesting comments about international expansion:

- FNX are currently looking at international opportunities in:

Gaming
Media
Charity
E-mobility (e-scooters)

- revenue opportunities will as usual last 2-5 years plus plus
- the Austrian opportunity has only taken six weeks to fulfil, with no additional resources necessary, since existing staff were able to implement it

[rivaldo] 30/9/2021 15:46

Many thanks hastings, an excellent summary as usual. I like the conclusion....



"All in all, few can surely argue with the results that looked good, along with the prospects ahead which appear to be sound, driven by continued strong cash generation and where European expansion is also now very much in play."

[qvg] 29/9/2021 20:16

thanks Martin / Hastings

[p1nkfish] 29/9/2021 15:49

Hope you are correct.

I see reduced liquidity as a very real possibility before Christmas this year.

TBD.

[igoe104] 29/9/2021 11:28

Its normal September behaviour, especially among AIM stocks. Fairly large movements on low volume. Roll on November, that's what I say...

I find investors are so superstitious, that's why investment trends seem to play out the same every year..

[p1nkfish] 29/9/2021 11:17

I dont like the look of the way this is trading. I'm seeing it elsewhere too. Has some hallmarks of distribution to retail. That is bothersome.

I do hope it gets your 200p, may be a fair while with more turbulence first.

One to hold and ignore the noise, not a quick hit.

[hastings] 28/9/2021 17:27

For interest.https://martinflitton1.wixsite.com/privatepunter/post/fonix-mobile-catching-up-with-the-ceo-28-09-21

[someuwin] 28/9/2021 10:39

Look forward to that hastings

[hastings] 28/9/2021 09:07

Nice post riv and a good read. The CEO touched on this in our chat yesterday, I'll hopefully pop my write up on here later for further interest.

[rivaldo] 28/9/2021 07:24

News of dating services partnership with Venntro on 2,500 web sites - note the mention of international expansion:



"Fonix partners with Venntro Media Group, a global leading provider of dating platforms
Sep 23

We’re excited to announce that we’ve partnered with Venntro to enable users to conveniently subscribe to dating services.

Venntro is the global platform of choice for media brands and online marketers to deliver fully-branded online dating sites.

The partnership will see the roll-out of carrier billing into the 2,500+ white labelled dating sites that Venntro supports giving consumers who use the services more choice, flexibility and convenience when either paying for the subscription or any one time purchase option across the platform.

A registered user opting to pay via carrier billing will be automatically and securely identified, enabling them to complete their purchase with a simple and seamless 2 step payment experience, without having to enter any further information.

The roll out of carrier billing started in August; so far Venntro and its partners have seen a huge +28% growth in new same-day subscribers — users that upgrade on the day they join a dating site.

We’re thrilled to be working with Venntro; it’s great to showcase the exciting work that we’ve been doing behind the scenes to ensure that the technical integration and user experience will deliver real value to the product and Venntro’s client base.

There’s lots of promising opportunities ahead, not least with expanding payment options but also looking at supporting Venntro internationally."

[someuwin] 27/9/2021 14:02

Surprised its dropped a bit today. But bought a few anyway,

[p1nkfish] 27/9/2021 11:38

Some distribution possibly taking place and the IC article helping it along looking at Fridays volume and today's weakness, tbc.

[apad] 26/9/2021 08:28

Ta riv.

Also from FinnCap
"we conservatively leave FY22 estimates unchanged at this point, and introduce new FY23 forecasts for +10% gross profit, EBITDA, and adjusted EPS growth, which include limited upside from the expansion into new verticals and new geographies. As Fonix continues to deliver upon the investment case that we explain in depth from p9, we reiterate our target price of 200p based on a 4% FY22 EFCF yield or 20x FY22 EV/EBITDA. At a price of 150p, it is trading on 12-month forward multiples of 15x EV/EBITDA, 5% EFCF yield, and 4% dividend yield, which compares with its listed peers on 13-36x EV/EBITDA with +9-23% NTM EBITDA growth, and EFCF yields of 1-3%."

apad

[rivaldo] 26/9/2021 07:26

I finally managed to read through the new 31 page note from Finncap, and thought the following extract was a nice insight into FNX's growth path for the current year:

"In FY21, Fonix has maintained its 100% client retention rate and grown its active client base to 111 from 98 at FY20 and 105 at H1 21. It has continued to demonstrate strong traction in both existing and emerging sectors such as mobility, ticketing, and dating, where it recently launched services with a multinational tech company operating thousands of online dating sites globally.

In FY22, Fonix’s client additions could further accelerate following the doubling of its sales team in early FY22 through the addition of 2 new employees, and a new partnership with a leading technology provider that could open up a considerable pipeline of opportunities in the UK and international markets.

Fonix established connectivity for its first international operation in Austria in FY21, where it could harness the deep understanding of the regulatory framework of one of its gaming customers. We expect that its launch will provide a template for Fonix’s client-led expansion into new markets, with Fonix in advanced discussions to launch services with a key customer in an additional European market, and several of its other multinational clients looking to expand Fonix’s services overseas."

[rivaldo] 24/9/2021 15:02

Good to see the share price up nicely - and with 1.3m shares traded following ST's tip any sellers should have been able to exit, leaving the stage free for further gains on re-rating and/or more news flow.

[p1nkfish] 24/9/2021 09:09

Didn't he tip PTRO too?
Market is changing.

I'm seeing a slow roll-over occuring starting in some previous darling sectors even when the results are OK. Hence been moving to cash and being more careful overall. Only stuff I am keeping are conviction companies and those that might benefit from the coming slower period and potential turmoil.

Easy pickings since end of March 2020 now taken.

Just mho, probably wrong.

[lennonsalive] 24/9/2021 08:28

Will the Simon Thompson effect give it a boost

[petewy] 23/9/2021 20:56

ST's view.

[toptomcat] 23/9/2021 17:24

Took a position here today, below the red line, in light of the story and in anticipation of ST giving it his mark of approval, which he duly did. Potential material upside to his 190p target

[adamb1978] 23/9/2021 12:41

Does anyone know why gross margins have decreased?

FY19: 26.3%
FY20: 24.9%
FY21: 23.7%

Not catastrophic, but 1% gross margin declines hits EPS by around 0.4p. Hastings - would you be possible for you to ask the company when you speak with them?

Adam

[igoe104] 23/9/2021 11:49

FNX should do well out the pay per view fight between Fury and wilder,( next month )as they process BT sports pay per view payments.

[rivaldo] 23/9/2021 11:45

Agreed spann_703.

FNX appear to me to be a high quality, growth company with terrific recurring income and customer retention - but with a good chance of acceleration of that growth via international growth, technology partnerships and customer acceleration in both numbers of clients and sales of new products.

It's worth noting that FNX describe themselves as "a fast growth business" in their company synopsis.

FNX delivered 19% revenue growth last year, and 29% the year before that. This is similar to BGO's forecast 20% revenue growth this year. BGO is valued at £160m compared to FNX's £150m, yet FNX are on a P/E of 19.7 and pay a whopping dividend, whereas BGO are on a current year P/E of 57 and (of course) pay no dividend. FNX's forecasts are specifically described as "conservative", whereas I suspect BGO's are less so.

I can see reasons why BGO should attract a higher rating, though it's currently too high for my taste. But that doesn't mean that FNX shouldn't be on a rating which is at least in a similar ball park, even if not one with a P/E of 45 or 50!

[p1nkfish] 23/9/2021 09:42

Results much as expected imho. I exited a short while back. GLA and hope it gets to the 200p soon.