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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Fountains | LSE:FNT | London | Ordinary Share | GB0003480125 |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 86.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 86.50 | GBX |
Fountains (FNT) Share Charts1 Year Fountains Chart |
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1 Month Fountains Chart |
Intraday Fountains Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 02/9/2009 | 19:17 | Fountains with Charts & News | 90 |
| 04/5/2007 | 12:26 | Fountains - The Green Environment | 170 |
| 30/11/2006 | 20:42 | A big Move about to happen? | 1 |
| 07/3/2005 | 00:14 | fountains | 21 |
| 22/4/2004 | 07:29 | Steady Climber | 74 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 02/9/2009 19:17 by 9degrees ggodbye Fnt Hello CNT |
Posted at 24/2/2009 13:39 by praipus Hargreave trying to help you selling any quantity at any price it seems. |
Posted at 16/2/2009 10:14 by gengulphus That will be £5m per year of additional turnover, not profits.Looking at last year's accounts ( ), they made £4.4m gross profits (i.e. turnover minus the direct costs of producing the goods and services they provided) on turnover of £41.8m - a gross margin of a shade over 10%. If they repeat that with this additional turnover, the contract will be worth around £500k per year in gross profits. (That's on the assumption that the existing work for British Waterways is quite small in size - the RNS gives the £5m/year figure for the combination of the existing work and the new contract, not for the new contract on its own.) That £4.4m of gross profits was then almost entirely swallowed up by administrative expenses - i.e. overhead costs not particularly associated with providing any particular goods and services, but definitely necessary to keep the company running. The net result is that the company made only a tiny overall profit for the year of £177k, or a bit over 1p per share. That's a very measly return of about 2-2.5% on the 48p share price - certainly not enough in itself to justify the price being that high, which means that the price is actually being kept high by hopes that profits will increase. Hopefully the new contract won't increase administrative expenses by much (increased turnover does tend to increase administrative expenses a bit, as a larger company generally needs more admin) and so would boost overall profits by up to about £500k per year. That's worth up to about 3p per share of profits each year, or 9-15p per share over the 3-5 year duration of the contract - which together with the existing 1p per share would be a reasonable (but not spectacular) return for shareholders on the 48p price of a share. So in itself, this news provides some justification for the price being as high as it is. On the plus side from here, the company has shown itself still capable of winning a reasonably high-value contract - if it can win a few more, the profits might start to look quite good! On the minus side, old contracts will run out from time to time, reducing turnover - and companies generally don't announce such events even for big contracts, since they will already have announced how long the contracts were for when they originally announced the contracts. And in addition, quite a large part of the company's turnover probably comes from contracts too small to require announcing at all. So an announcement of a big contract win like this one only gives a hint which way the company's turnover and profits might be going, not anything conclusive. There is definitely a risk that the turnover rise due to this contract might be more than counterbalanced by old contracts running out and a lower level of new contracts in general. (Read the "Outlook" section on page 12 of the above link and you'll see that a "slowdown in work volumes" is definitely a worry for the company.) In short, while this contract is good news for the company, I see it as mostly saying that 48p is not a clearly-too-high price, and would want more before I decided that the shares were clearly cheap. Gengulphus |
Posted at 14/2/2009 15:28 by mqhopewell RNS Number : 0442N fountains PLC 10 February 2009 British Waterways contract win Combined with existing work for British Waterways, the contract is expected to be worth approximately £5 million per annum for the next three years, with an optional two year extension. Please excuse me as I'm still new to investing, but with shares in issue at 15.03m, £5m/annum equates to approx 33p per share? I'm just trying to see why the share price is at a low of 48p? Any thoughts welcome. |
Posted at 25/7/2008 22:00 by charliecharlie2 In response to Blackb1rd. To make cutbacks 2 months before ye would be a pretty bold move, almost suicidal. They seem to be targeting large scale contracts, but these come with a very high mobilisation cost. It seems that cashflow is a major problem and not costs, have they been rumbled by a customer on a big contract????? If historically they are consistently having to reduce costs and staff as stated over the last couple of years, and if they are successful in winning new work, then how are they going to cover costs and have staff available to manage the new contract mobilisation? From experience any contract mobilisation costs are extremely high against revenue for the first 6-12 months.If new work is awarded and commences within the next 2 months all the costs will be in this fy and the revenue in the next fy. Again from experience, reduce the turnover, increase the profit. IMHO they are stretching themselves thinly, particularly where cash is concerned and eventually something may well snap. That may well have a further effect on the share price between now and ye. How many times do they have to have a restructure and cost cutting exercise when the same management team are overseeing it? a IMHO hold onto your hats and sit tight, this could be another fnt rollercoaster ride!! |
Posted at 25/7/2008 20:48 by blackb1rd Historically for the past 4 years there has been a dip in the share price around this time of year. Resulting in the share price going back up, maybe not to where it was, but it has gone back up. IMHO if the company has reduced costs and staff for the past couple of years and profits have gone up until now.Have they got the infrastructure in place for any new work? If they get new contracts and are losing 100K a month (fillipe said that 650k has been lost in the second half of the year.) Are they going to make more cutbacks or go for bigger contracts to compensate for the negative contracts. IMHO I think the share price might go down by another 10p and then stay steady until the new year, thats if they are not a target for a takeover with a low share price. |
Posted at 09/7/2008 17:55 by charliecharlie2 Had shares for @ 12 years, been through rough and smooth with them, sold a few, bought a few to many by the looks of things, this is becoming a bit of a trend with them,alwys around the middle of the year. Lumber is a small part of their turnover, @ 3m, isn't that too low to effect the share price - maybe I am being naive? |
Posted at 09/7/2008 17:34 by praipus Dunno really but may be lumber prices just comming off a low or just sentiment.This is a link to the ishares ETF for wood though most of its in the US. What made you buy FNT? |
Posted at 03/7/2008 11:04 by praipus So 9degrees I assume you are on the bear tack. What was the attraction to FNT?New web site looks good IMHO |
Posted at 03/5/2008 13:43 by cocodot Has anyone else heard about Fountains losing their IT department? Any views on how this might affect their share price? Anyone seen this in other companies - what was the effect? I can't see this being a good thing ... |
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