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
  0.00 0.0% 154.00 31,438 08:00:22
Bid Price Offer Price High Price Low Price Open Price
150.00 158.00 154.00 150.00 154.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 47.67 7.40 6.10 25.2 154
Last Trade Time Trade Type Trade Size Trade Price Currency
14:54:48 O 2,365 155.50 GBX

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Date Time Title Posts
23/6/202215:49Fonix Mobile (FNX)486

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Fonix Mobile (FNX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-06-24 14:52:47155.502,3653,677.58O
2022-06-24 14:51:27155.502,3653,677.58O
2022-06-24 13:54:50152.001,5482,352.96O
2022-06-24 13:03:55150.0874111.06O
2022-06-24 12:50:54152.402,1403,261.36O
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Fonix Mobile (FNX) Top Chat Posts

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 154p.
Fonix Mobile Plc has a 4 week average price of 150p and a 12 week average price of 130.50p.
The 1 year high share price is 178.50p while the 1 year low share price is currently 121.50p.
There are currently 100,000,000 shares in issue and the average daily traded volume is 2,709,210 shares. The market capitalisation of Fonix Mobile Plc is £154,000,000.
rivaldo: SCSW updated on FNX in last month's issue FYI - since the new issue is now out it's probably OK to paste here: Https:// "Fonix 152.5p Epic code: FNX (Sharewatch) Fonix’s H1 results were as good as could be expected with record levels of business in November and December. As I said last month the most important metric is gross profit which was +20% to £7m, driven by +18% from its core mobile payments business and +43% from mobile messaging. Firm management of its cost base has enabled its gross profit growth to translate to EBITDA growth of 20% to £5.2m/eps of 4.4p so against the FY22 forecasts of £9.6m/7.6p, the company looks well set for a “beat.” Keep on buy list."
rivaldo: Pleasing to see the options issued today to the CFO and other employees have a 143p exercise price. None of this nil cost rubbish often used by other companies. Hopefully the timing of thie issue also reflects FNX's belief that this is as good (i.e low) a strike price as the eligible employees will get.
rivaldo: Mark Watson-Mitchell updated on FNX on Master Investor on Friday night as follows. The share price has inevitably slipped a little in the current markets, so looks even better value imho. MWM has now increased his target price to 180p - plenty of room for him to increase again towards Finncap's 230p target! "Fonix Mobile (LON:FNX) – I set a new Target Price Simon Beresford, Director of Fundraising and Marketing of the Disasters Emergency Committee, stated that: “We’re thankful to Fonix for enabling mobile donations so quickly and to the generous UK public whose donations will go on to make such a difference. As humanitarian needs continue to grow, the money raised will help to provide vital support to families caught up in this devastating conflict.” Fonix has been the mobile donation partner for the Disasters Emergency Committee (DEC) Ukraine Humanitarian Appeal. Over £6.8m has been made in mobile donations since the beginning of March. This is a wonderful example of how Fonix can work. It provides mobile payments and messaging services for clients across media, telecoms, entertainment, enterprise and commerce. When donors or consumers make payments, they are charged to their mobile phone bill. This service is primarily used for ticketing, digital services, memberships and also for charity and other donations. Over the last few years this £150m capitalised group has been gradually building up its revenues and its profitability. From £31.1m revenue in 2019, £40.1m in 2020, last year to end June it saw £47.7m total. Its adjusted pre-tax profits, in the same time period, have grown from £5.2m, to £7.3m then £8.3m last year. Analysts Michael Hill and Andrew Darley at brokers finnCap are estimatin, g that this year, to the end of next month, the group will report £53m revenues and £9.6m profits, earnings of 7.9p (6.9p), covering a 6.0p per share dividend (5.2p). The analysts suggest that the group’s shares have a lot further to climb. They see current year figures of £58.4m sales, £10.6m profits, 8.8p earnings and 6.6p dividend per share. Their price objective is 230p. Last night the group’s shares, which last May peaked at 179.95p and fell to a Ukraine conflict low of 118p, were looking much stronger at 15op. I now set a new Target Price of 180p."
rivaldo: News - FNX were the carrier for mobile donations to the Ukraine appeal, with over £6.8m raised so far. Not only a terrific cause, but presumably a nice little earner for FNX too, as well as being a rather prestigious win: Https://
rivaldo: I came across Paul Scott's (of Stockopedia) review of FNX's recent interims. I very often disagree with him, which is fine, but on this occasion can wholly concur with his verdict that FNX looks great! Https:// Extracts: "Fonix Mobile (LON:FNX) – excellent interim results, with simple, clean numbers, that I can’t find any fault in. This looks a decent GARP share, so gets a thumbs up from me. Cash generative, paying decent divis, and growing nicely, with a solid outlook. Also has very sticky, repeating business from established clients. There’s lots to like here, as a long-term hold." "My opinion – what a smashing set of numbers, I’ve enjoyed reviewing this, so thank you to the readers who gave me a prompt to look at it. I’d classify this as a GARP share (growth at reasonable price). The talk about international growth is encouraging too, giving much larger total addressable market size. Overall, Fonix gets a thumbs up from me, delivering decent interims, with a solid outlook, and at a price that I think can be justified."
rivaldo: The new issue of SCSW is now out. In last month's issue FNX was a new main tip, so it should now be OK to copy some interesting parts of their (very long) coverage (not including the parts where they simply explain what FNX does etc): Https:// "Only 35 employees This year the business is set to report a £9.1m pretax profit on sales of £51.4m - despite only having a headcount of 35. Astonishing. Chief executive Rob Weisz says it is all about leveraging a proprietary cloud based platform - as I describe below, most customers set up their campaigns and do most of the things themselves with little intervention from Fonix." "Never lost a client Apart from its low headcount, what also makes this a strong business is that Fonix has never lost a customer - so each new win tends to become a permanent addition to revenues. There are presently 120 clients, up from 99 a year ago across a range of sectors including media, charity, gaming, telecoms and dating and includes Bauer Media, the BBC, BT and ITV. When it floated in October 2020, the company certainly had no reason for new money as all its growth had been organically funded; instead, the main reason was for the improved creditworthiness in the eyes of customers - by then it was handling £150m-£200m a year cash and needed to provide comfort to the likes of the BBC that it wouldn’t disappear into a puff of smoke. The second reason was that it provided a partial exit (£45m) on behalf of selling shareholders. Even now, the tidal wave of cashflow leaves net cash of £5m and there is plenty of largesse for shareholders as Weisz has a target 75% payout ratio of earnings and is on track for increasing the dividend from 5.2p to 6p for this year." "High element of repeat income The great thing is that the business now has a high element of repeat and recurring income. Instead of selling on an upfront licence basis, pricing is “pay-as-you-go” based on transactions." "Scaleable platform From the early days the system has also operated through Amazon Web Services (AWS) and its elastic Cloud. This enables Fonix to auto-scale (automatically request additional servers) to meet required computing power times. These days the system can process 2,000 payment transactions per second allowing it to support traffic spikes and situational peaks. This core capability of Fonix’s platform has differentiated Fonix from competitors’ systems with less capable technology, and enabled Fonix to win new clients. In order to ensure Fonix can continue to process transactions for its clients in close to all scenarios, Fonix’s platform works to reduce all single points of failure, multi-site deployments, and multiple divergent routes to all telecom carriers where available. Given the highly sensitive nature of the data and payments that Fonix is processing, Fonix also conducts its own security testing on top of thorough testing of its network by clients, and it operates with 24/7 monitoring and bespoke safety measures." "Overseas expansion But in the short run, the big fish to fry is expansion into Europe; Austria, which is one third of the size of the UK market, will soon go live and act as a bridgehead into Germany and Weisz has three or four other countries in his sights. As he says, expansion is being carried out in a low risk way by targeting countries where existing customers already operate or where there is a well developed phonepaid framework. Instead of setting up direct tier one connectivity, he is also partnering with wholesale aggregators, which will make it quicker to enter the market. Brokers are yet to factor into forecasts the expansion into new verticals and geographies but even despite that, the business is trading strongly. Last month, Finncap upgraded forecasts to £9.6m pretax profit / 7.9p eps for the year to end June lifting to £10.6m/8.8p next year. I am a buyer."
rivaldo: Hi APAD. Maybe subdued markets in general for obvious reasons, maybe a seller out there, maybe profit-taking from the pre-results run-up. I note the initial response was to mark the share price up 9p, which kind of supports these theories. I'm not really bothered as FNX still looks good value and I see a long-term potential bagger or three from here. I note that FNX's m/cap is now £153m, so institutional interest should increase following these impressive results. Good to see buyers now paying the full 155p offer. Hopefully a sign that the supply of stock is limited or small.
rivaldo: Good to see Investors Champion are very keen in their AIM market update this morning: Https:// "Fonix Mobile: upgrades Mobile payments and messaging provider Fonix Mobile (AIM:FNX), which we covered previously in our premium report here: ‘Fast-growing arrival on AIM from 2020 is still looking good’ issued a positive update bringing an upgrade from its broker. Gross profit and adjusted EBITDA for the 6 months to 31 December have grown ahead of management's expectations with gross profit up 20% to £7.0m with adjusted EBITDA similarly higher at £5.5m. This business has a very attractive cash flow model, as our note highlights, and with continuing strong cash generation, Fonix now intends to pay an increased interim dividend in March 2022. Total payment volume of mobile payments grew by 12% to £138m with 116 (H1 FY21: 105) active customers at the period end. Fonix remains the leading provider of charity telethons, including ITV's Soccer Aid, BBC Children in Need, Comic Relief and The Ruth Strauss Foundation, and has added several new clients in the period. In response to the latest update the Group’s house broker upgraded their June 2022 and June 2023 adjusted EBITDA by +5% to £10.1m and £11.1m – given recent performance those still far too low to us. Their target price has been upgraded to 230p from 200p, well above the current 160p share price. We aren’t big fans of the fairy tale ‘adjusted EBITDA’ measure and prefer to focus on free cash flow. In the case of Fonix this is even more compelling with the forecast free cash flow yield for 2022 a highly attractive 4.6%. Its resilient business model should appeal to investors worried about current events."
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: 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:// "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."
Fonix Mobile share price data is direct from the London Stock Exchange
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