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FRAN Franchise Brands Plc

169.00
0.50 (0.30%)
12 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Franchise Brands Plc LSE:FRAN London Ordinary Share GB00BD6P7Y24 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 0.30% 169.00 168.00 170.00 169.00 168.50 168.50 1,058,028 09:02:33
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec 99.15M 8.29M 0.0448 37.72 311.73M
Franchise Brands Plc is listed in the Offices-holdng Companies sector of the London Stock Exchange with ticker FRAN. The last closing price for Franchise Brands was 168.50p. Over the last year, Franchise Brands shares have traded in a share price range of 132.50p to 207.00p.

Franchise Brands currently has 185,000,000 shares in issue. The market capitalisation of Franchise Brands is £311.73 million. Franchise Brands has a price to earnings ratio (PE ratio) of 37.72.

Franchise Brands Share Discussion Threads

Showing 176 to 196 of 225 messages
Chat Pages: 9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
05/4/2023
12:25
Oh, of course, my apologies.So Pirtek 3p and Fran 6.2p gets to the house brokers forecast 9.3p eps. So possible sh upside mid teens?.Just not too certain now about the debt they've taken on at a fairly high rate of interest.......think it clearly showed with the heavily discounted placing and the said rate of interest that banks are not as keen as they were to provide funds.
disc0dave45
05/4/2023
12:18
Disco,

That figure for 2023 is for an eight month contribution.

simon gordon
05/4/2023
12:16
Allenby have forecast it as earnings neutral in 2023 giving 9.3p EPS rising to 11p in 2024 so a 0.5p increase vs pre acquisition.
wjccghcc
05/4/2023
12:00
2023 adj pbt £5.6m, so circa £4.2m after tax, that’s a 58% (edit 38% not 58%) reduction on net profit for 2022 (year ending 31st March).
Based on 5 year average net profit (3 years actual & 2 years forecast), they’ve paid circa 28x profit for the business…̷0;where’s the upside?.
So forecast 2023 eps for Pirtek is 2p, consensus forecast for Fran pre-acquisition was 9.2p, so 6.2p with the additional shares issued, that’s a total for 2023 of 8.2p eps. Seems IMO that the 180p is fair value atm but they’ve taken on a lot more risk…….DYOR wtfdik

disc0dave45
05/4/2023
11:50
Acquisition debt should fall rapidly. Much quicker if they sell the B2C biz.
someuwin
05/4/2023
11:39
Disco,

Allenby have PIR contributing the following:

2023
-T/O: 39.6m
-Adj. EBITDA: 10.8m
-Adj. PBT: 5.6m

2024
-T/O: 55.6m
-Adj. EBITDA: 16.5m
-Adj. PBT: 10.5m

simon gordon
05/4/2023
11:34
Thanks for that.On face value it looks like shares are cheap but their debt now is a concern (interest circa 7% pa which seems high), also IMO they paid too much for Pirtek Europe. From their accounts they made net profit of £8.6m, £6.8m and £10.1m for FY20, FY21 and FY22 respectively, that's only a CAGR for the 3 years (I used 3 as that's what Fran used but they prorated to year ends Dec not March for some reason) of 5.5%.They paid 25 times the 3 year average net profit......that's way too much IMO.Will do a bit more digging as their forecast numbers do seem like there's value but the actual accounts don't?.
disc0dave45
05/4/2023
11:14
New forecasts according to Allenby:

2023
-T/O: 155.1m
-EPS: 9.3
-Net Debt: 75.2m

2024
-T/O: 182.1m
-EPS: 11
-Net Debt: 61.5m

simon gordon
05/4/2023
11:01
Directors and senior management are buying £7 million worth at 180p.
someuwin
05/4/2023
10:54
Can now buy cheaper than the placing price.
someuwin
04/4/2023
17:39
That's usually the kiss of death.

someuwin4 Apr '23 - 10:10 - 157 of 166

I like the sound of this deal. And the broader move from B2c to B2B. So I'm buying.

check your facts
04/4/2023
16:34
Directors were part of domino pizza board before buying franchise brands 13/14 yrs ago
skasher094
04/4/2023
16:20
We will see - 25% is a very big discount for a placing like this. I just hope they haven't bitten too much off. The one saving grace is it looks like the mgt team had decent holdings prior so they knew what this would do to their existing holdings as they have also taken the hit today
davr0s
04/4/2023
15:57
Once the penny drops on how transformative this deal is the share price will rise pretty quickly, hence the reason the funding was fulfilled so quickly. Grabbed a few more today couldn't resist.
trt
04/4/2023
15:52
Allenby note:

Complementary and transformational acquisition of Pirtek - available to download here...



"...Our fair value rises from 275p to 330p with the risk to the upside."

someuwin
04/4/2023
12:17
Fundraising now complete.
trt
04/4/2023
11:56
It's a good strategic move, but not without its risk regarding the debt and integration.
iamnoone
04/4/2023
10:10
I like the sound of this deal. And the broader move from B2c to B2B. So I'm buying.
someuwin
04/4/2023
09:37
The nutters have arrived...
davr0s
04/4/2023
09:28
Why add at 182p today when you will get them at 50p in a month?
scepticalinvestor
04/4/2023
08:36
I suspect they started talking to investors about raising the funds when the share price was 200p or below. At least I can add at 182p today.
wjccghcc
Chat Pages: 9  8  7  6  5  4  3  2  1

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