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
  -10.00 -6.15% 152.50 69,731 10:26:09
Bid Price Offer Price High Price Low Price Open Price
150.00 155.00 162.50 152.50 162.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 47.67 7.40 6.10 25.0 153
Last Trade Time Trade Type Trade Size Trade Price Currency
15:51:18 O 2,000 153.00 GBX

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Date Time Title Posts
23/11/202115:31Fonix Mobile (FNX)411

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Fonix Mobile Daily Update: Fonix Mobile Plc is listed in the Mobile Telecommunications sector of the London Stock Exchange with ticker FNX. The last closing price for Fonix Mobile was 162.50p.
Fonix Mobile Plc has a 4 week average price of 149p and a 12 week average price of 146.50p.
The 1 year high share price is 187p while the 1 year low share price is currently 104.50p.
There are currently 100,000,000 shares in issue and the average daily traded volume is 50,751 shares. The market capitalisation of Fonix Mobile Plc is £152,500,000.
rivaldo: That's a good point igoe104 - considering the 3.53p dividend/ex-div date FNX's share price is actually 3p up today.
rivaldo: 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: 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.
rivaldo: 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!
rivaldo: I'm also perfectly happy to hold here for some time to come.. The 7p adjusted EPS is slightly above Finncap's 6.9p forecast, and with 7.6p EPS forecast this year, plus a £5m and growing cash pile (up 158%), FNX are trading at far below the multiples achieved by its sector peers. Plus of course FNX pay a very healthy dividend - today's 3.5p makes a total 5.2p dividend for the year. The outlook is very confident, with current year trading described as having started "very strongly". There's international expansion to look forward to being announced soon, and today we learn of new contracts recently signed with large gaming and dating companies. Other companies would surely have splashed these all over RNS's etc. This is perhaps indicative of FNX's prudent style, though I see no reason why they couldn't have highlighted them on their web site. There's also an interesting hint to close on: "We recognise that by delivering on these objectives and potentially winning some flagship clients from our competitors we have a great opportunity to exceed expectations."
igoe104: Excellent results, gaining lots of new customers and brilliant retention rate and reoccurring revenue rate. Happy to hold for years to come. Can't understand why the share price has fallen away and not recovered over the last few days.... Also the dividend in November is not to be sniffed at...
rivaldo: Good coverage tonight on Master Investor.... Https://masterinvestor.co.uk/equities/small-cap-round-up-featuring-fonix-mobile-winkworth-national-world/?mc_cid=854ac934f6&mc_eid=db9f9bbaf2 "Fonix Mobile (LON:FNX) – masses of potential for this year and beyond On Thursday of next week, this group will be declaring its full year results to the end of June. We already know that that they will show a good advance on the previous year’s figures. However, what I am looking for is a good Trading Update with the finals, pointing to a continuation of the first half performance and prompting, I hope, an upgrading in broker’s estimates for this current year. Fonix, which was set up in 2006, provides mobile payments and messaging services for its multitude of clients across the entertainment, telecoms, media, enterprise and commerce sectors. Based in London, it is a fast growth business which is driven by blue chip clients such as BT, Global Radio, ITV, Bauer Media, Comic Relief and Children in Need to name just a few. When consumers make payments, they are charged to their mobile phone bill. This service can be used for donations, cash deposits, content and ticketing. The company’s service works by charging digital payments to the mobile phone bill, either via Carrier Billing or SMS Billing. The group also offers messaging solutions. Revenues last year will have risen from £40.1m to around £45.1m, while adjusted pre-tax profits are estimated to have increased from £7.3m to £8.4m, with earnings up to 6.9p (6.1p), and a 5.2p dividend per share. The end July Trading Update reported strong earnings growth and expansion into international markets. It also noted that “With high levels of repeating revenue, a strong exit run-rate for FY21, new supplier connections in international markets and a growing pipeline of client prospects across all sectors, the Board continues to be confident in the growth potential for Fonix going into FY22 and beyond.” In late April this year the group’s shares hit 190p at one stage, before falling back to 123p on the day that the Trading Update was announced. Since then, they have been up to 170p, before easing back to 161.5p last Friday night. At that level I rate the shares as offering a very good upside, with that 190p mark being an early price objective. By the way, I note that the company’s brokers, finnCap, have a 200p price earmark. Let us hope that next week’s results statement will provide the fillip to get the shares running back up again."
rivaldo: Since almost three weeks have passed since Simon Thompson's Alpha stock research report on FNX was published, I thought it might be OK to publish a few extracts for non-subscribers (this is just a small part of the 19 page report!): Https://www.investorschronicle.co.uk/alpha/2021/08/05/bargain-opportunity-to-play-the-mobile-payments-boom/ "A bargain opportunity to play the mobile payments boom A modest forward PE ratio of 18 belies the fact this highly cash generative company has increased its Ebitda more than fourfold in four years. Plus there’s the sweetener of a 4.2 per cent prospective dividend yield. Simon Thompson’s view: London-based payment processing company Fonix Mobile(FNX)listed its shares on Aim last October and received the backing of some smartfund managers. Next month’s maiden annual results will highlight exactly why,with analysts predicting double-digit organic growth in transaction volumes, revenue, profits and new client wins. Cash generation should be mightily impressive, enablingthe board to pay out 75 per cent of net earnings as dividends. A robust pre-close tradingupdate indicates that these positive trends are set to continue into the current financialyear, and well beyond, making this an ideal time to buy shares in this small-cap gem. Bull points 1. Scalable cloud based software platform. 2. Low capital expenditure needs and high return on equity. 3. Strong free cash flow underpins forecast 75 per cent pay-out ratio. 4. Low cost operating structure supports robust operational gearing. 5. Long standing customer relationships and 100 per cent client retention. 6. Strong structural position and growing market share. 7. Targeting domestic mobile commerce growth and international expansion. 8. Tangible benefits to both consumers and clients. 9. Exceptional track record of growth. 10.Co-founders and senior management retain significant shareholdings. 11.Smart institutions backed IPO. Bear points 1. Longer sales cycles due to lack of face-to-face meetings during pandemic. 2. Client concentration risk. 3. Potential competition. 4. Future income depends on cross selling and up-selling new services. Founded in 2006,Fonix Mobile (FNX)has been one of the fastest growing technology companies in recent years, winning many accolades including inclusion in the prestigious Deloitte’s Fast 50 and FT Future 100 UK lists. Fonix boasts over 120 clients (including ITV, BauerMedia, BT, Global Radio and BBC Children in Need) across a range of multi-billionpound sectors such as media, gaming,charity, ticketing and digital services. Fonix’s mainbusiness is a mobile payments servicethat enables merchants to charge customers' mobile phone bills for products or services. This segment accounted for 83 per cent of Fonix’sgross profit in the 2020 financial year. The other two operating segments are mobile messaging,which allows Fonix’s customers to communicate, notify and market to consumers, and managed services which represent fees charged and non-transactional revenue." "Target price There is a compelling case to be made that Fonix should be trading closer to the ratings of Zeus’ cohort of seven payment processors rather thanon a 45 per cent discount, and on a premium to finnCap’s Tech 40 peers given the company’ssuperior free cash flow yield and dividend yield. My 190p target price is based on a target 4 per centfree cash flow yield and enterprise valuation to cash profit multiple of 19 times for the 2021/22 financial year, implying 38 per cent potential upside. For good measure the profit taking that has seen the share price drift since hitting a high of 190p in late April appears to have unwound, and there is a decent base formation to buy into ahead of a likely share price rally ahead of the annual results.Strong buy."
rivaldo: ST's 19 page tip on FNX is well worth reading (thanks for forwarding it mate) - an excellent summary showing the huge discount to peers and the growth path forward. Looks like the dam has been breached with the share price moving up again now and buying coming in at the new full 157p offer.
madmix: As expected from the recent FNX price chart, trading is only inline with FinnCap forecasts rather than ahead. Half by half analysis of the last four halves : TPV £m... 109.0, 102.7, 123.0, 110.4 EBITDA £m 3.6, 4.1, 4.6, 4.2 So H2 growth over last year's H2 is 7.5% in TPV, and EBITDA growth of 2.5%. Not quite the 28% EBITDA growth seen in H1. Disappointing, but probably priced in at these levels.
Fonix Mobile share price data is direct from the London Stock Exchange
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