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FNX Fonix Mobile Plc

242.50
12.50 (5.43%)
Last Updated: 14:48:15
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Fonix Mobile Plc LSE:FNX London Ordinary Share GB00BN789668 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  12.50 5.43% 242.50 69,328 14:48:15
Bid Price Offer Price High Price Low Price Open Price
235.00 250.00 242.50 237.50 237.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Services, Nec 64.92M 8.8M 0.0881 27.53 242.2M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:00:44 O 1,350 242.50 GBX

Fonix Mobile (FNX) Latest News

Fonix Mobile (FNX) Discussions and Chat

Fonix Mobile Forums and Chat

Date Time Title Posts
19/4/202413:09Fonix Mobile (FNX)694

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Fonix Mobile (FNX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:00:45242.501,3503,273.75O
15:00:30242.501,3503,273.75O
14:49:57238.338001,906.64O
14:17:24246.902,0254,999.73O
14:00:40247.00308760.76O

Fonix Mobile (FNX) Top Chat Posts

Top Posts
Posted at 23/4/2024 09:20 by Fonix Mobile Daily Update
Fonix Mobile Plc is listed in the Communications Services, Nec sector of the London Stock Exchange with ticker FNX. The last closing price for Fonix Mobile was 230p.
Fonix Mobile currently has 99,877,557 shares in issue. The market capitalisation of Fonix Mobile is £237,209,198.
Fonix Mobile has a price to earnings ratio (PE ratio) of 26.96.
This morning FNX shares opened at 237.50p
Posted at 19/4/2024 07:11 by rivaldo
Placing done nice and smoothly, and hardly a surprise given the significant shareholdings of the three major holders - which remain extremely weighty at 33% of the company.

Given the apparent demand it's possible that the share price will stick at the 240p mark or even higher, but whatever the case I suspect it will remain pretty strong.

Especially given the signal given the by the 907,000 share buyback at the same price, with those shares now quickly cancelled.
Posted at 02/4/2024 17:36 by dicktrade
Has anyone received the FNX dividend in to a HL ISA account yet ??
TIA
Posted at 02/4/2024 07:44 by rivaldo
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."
Posted at 22/3/2024 12:51 by red ninja
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.
Posted at 19/3/2024 14:29 by igoe104
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...
Posted at 13/3/2024 18:17 by tole
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.
Posted at 12/3/2024 12:37 by rivaldo
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.
Posted at 12/3/2024 11:21 by doctor888
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.
Posted at 02/11/2023 09:57 by rivaldo
Cheers Doctor888. Anacom are:

"Portugal's national regulatory authority for the communications sector, for the purposes of relevant Community and national legislation, including electronic communications and postal services."

Good to see FNX taking steps into the Portugese market:



Also, FNX were rated a Buy in the IC's recent survey of the top 100 AIM companies:

"Fonix Mobile

Retailers’ desire to reduce the number of online transactions that are abandoned at 'checkout' lies behind the impressive results that have driven the share price performance at Fonix Mobile(FNX). The company’s technology allows merchants to charge customers’ mobile phone bills, turning the device itself into a payment enabler. The tech is used by most as an extra payment channel that complements existing services such as Google, or Apple Pay. When it adds customers, they tend to stay signed up and Fonix has experienced very little in the way of churn.The company has around 145 active customers,including large enterprises such as ITV (ITV) and Channel 4, and there is an international push in progress with Fonix adding customers in Ireland such as state broadcaster RTÉ. Media companies represent roughly 75 per cent of gross profits, with more opportunities available as broadcasters develop their online service offering. Buy."
Posted at 22/9/2023 10:13 by red ninja
"Results for year ending 30 June 2023 (21/09/23)
Revenue in the year to 30 June 2023 rose 21% to £64.9m, driven by strong growth in the mobile payments and messaging service lines. Revenues recognised for mobile payments relate to the total commission charged to customers, including the mobile network operator (MNO) share of a transaction, with the MNO commission also recognised within cost of sales.

There has been notable growth in international markets, which has seen the launch of new services with Bauer Ireland, RTÉ (Ireland's National Television and Radio Broadcaster) and Wireless Radio Ireland, along with several smaller new clients in the Republic of Ireland. All have been delivered with minimal customisation of the existing cloud platform, which was connected to five new international mobile network operators and transacted with 16% of the adult population in Ireland during the year.

The success in Ireland has demonstrated the business's ability to scale internationally, with minimal incremental cost and they have already started to build relationships in other international markets with similar characteristics.

The year also brought notable new contracts in the UK to run interactive services for broadcasters ITV and Channel 4. Both accounts represent significant growth opportunities in FY24 and beyond.

Total payment volume, representing the cash payments processed by Fonix on behalf of customers, grew 3.5% to £268m, with particularly strong growth in the value of SMS billing transactions, offset by a 30% decline in charity related TPV.

Gross profit, which the board considers to be the business' most important financial metric, increased 13.9% to £15.1m . As was the case in the previous financial year, due to the seasonal nature of certain media clients, gross profit in the first half of the year was higher than the second. UK gross profit growth of +2% was impacted by some customers suspending campaigns following the death of HM The Queen in the first half.

Profit before tax rose 13% to £10.85m with earnings per share up 10% to 8.8p.

The operating cash inflow was stated as £11.8m with the free cash inflow £11m.

As well as onboarding and integrating services for several large new customers, the business continued to invest in new product innovations, including developing a new subscription engine for charity clients to be launched this autumn and intelligent dynamic filtering for users of their Campaign Manager product. The in-house development team has also continued to ensure platform resilience, scalability and cyber security remain fundamental to everything they do. Looking ahead, Fonix is in the early stages of broadening the suite of payment options integrated with its Campaign Manager and Checkout products, creating even greater growth opportunities with its key clients and new prospective customers.

Underlying cash far better represents the free cash flow available to the business. Underlying cash increased to £9.4m (2022: £7.8m) due to additional retained earnings less £495k cash used in share buy-backs.

Statutory cash shown on the balance sheet at the financial year end, which includes cash held on behalf of customers, can vary substantially from period to period and is particularly sensitive to the timing of passthrough outpayments for customer charity campaigns. Actual cash held increased to £20.6m (2022: £17.0m) in the year. The increase beyond the increase in underlying cash is purely timing related and attributable to a mobile network operator settling a trade receivable invoice a few days earlier than the previous year.

The final dividend was lifted 8.7% to 4.89 pence with the full year dividend payout £7.24m (FY22: £6.50m).

Outlook

New client wins from ITV, RTÉ, Channel 4 and Wireless Radio Ireland significantly underpin growth expectations in the year ahead whilst at the same time creating high barriers to entry to prospective competitors.

The Group’s serviceable market has expanded significantly in the last 12 months through direct network connectivity in Ireland, and they will continue to consider establishing further direct connectivity in other territories in future years.

The first few months of the new financial year have started strongly, with a robust run-rate of consumer activity with key customers.

Fonix considers that the market for frictionless mobile payments remains significant and continues to grow year-on-year, despite the expansion in alternative payment options such as Apple Pay and Google Pay. For the majority of Fonix customers, adding carrier billing as a payment option is largely shown to reduce checkout abandonment and increase sales, rather than cannibalising existing transactions with alternative payment methods.

Forecasts and valuation
The house broker upgraded forecasts following the July 2023 trading update. House broker forecasts for the year ending June 2024 remain for adjusted pre-tax profit of £12.4m (growth 13%) and adjusted earnings per share of 9.5 pence, which assumes growth of 6.7%. The forecast dividend of 7.8p equates to a yield of 4.0% (share price 193p, market cap £193m). For June 2025, profit is forecast to rise 6.4% to £13.2m with earnings per share up 5% to 10 pence and a forecast dividend of 8.5 pence."

bit later on

"
Compelling growth opportunity
Unless selling shareholders are well and truly pulling the wool over our eyes, which looks increasingly unlikely following continuing positive momentium since listing in 2020, Fonix continues to look cracking value. The ‘Risks Factors’ section of the admission document doesn’t reveal any less obvious risks to us, but a slowdown in major charity events would have an impact, although charity business only generates fixed service fees as opposed to transaction based revenue. While the rating has risen since we initiated coverage, it's still rare to find a profitable and fast-growing facilitator of mobile payments to be trading at 23x forecast earnings estimates (share price 193p) and also offering a 4% dividend yield.

Unlike many other new AIM listings over recent years, Fonix hasn't put a foot wrong since its IPO in the last quarter of 2020 (share price 90 pence), paying out attractive dividends along the way.

With the market for charity donations being worth over £10bn annually in the UK alone, carrier mobile payments providing a 'near-free' commission model and with Fonix's exceptional reference clients, there is a big growth opportunity here.
"
Fonix Mobile share price data is direct from the London Stock Exchange

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