FRAN

Franchise Brands Plc

179.00
-1.00 (-0.56%)
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 Shares Traded Last Trade
  -1.00 -0.56% 179.00 109,627 08:00:00
Bid Price Offer Price High Price Low Price Open Price
177.00 181.00 179.00 179.00 179.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Offices-holdng Companies,nec 99.15 8.29 6.40 - 346.87
Last Trade Time Trade Type Trade Size Trade Price Currency
14:17:17 O 10 178.6555 GBX

Franchise Brands (FRAN) Latest News

Franchise Brands (FRAN) Discussions and Chat

Franchise Brands Forums and Chat

Date Time Title Posts
21/5/202309:08Franchise Brands PLC187
01/5/201914:13Franchise Brands at the UK Investor Show-
24/11/200421:16Franchising - tips and advice-

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Franchise Brands (FRAN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
13:17:17178.661017.87O
13:14:28178.551,7913,197.85O
13:13:57180.122,2173,993.26O
12:58:09177.701017.77O
12:12:00178.001,6913,009.98O

Franchise Brands (FRAN) Top Chat Posts

Top Posts
Posted at 04/5/2023 09:08 by someuwin
4 May 2023

Franchise Brands plc

("Franchise Brands", the "Group" or the "Company")

Investor Presentation

Franchise Brands (AIM: FRAN), an international multi-brand franchise business, is pleased to announce that Stephen Hemsley, the Group's Executive Chairman, will be interviewed and will also be presenting at the UK Investor Show on 13 May 2023.

The UK Investor Show will take place at the Queen Elizabeth II Conference Centre, Westminster, London, SW1P 3EE. Stephen Hemsley will be interviewed on the Main Stage at 10am and will then be presenting at 11:30am in the City Index breakout room. Further information can be found at https://ukinvestor.com/ .

The presentation will be available in the investor section of the Company's website ( www.franchisebrands.co.uk ) shortly after the event.

The Company looks forward to meeting current and prospective investors at the event.

Posted at 25/4/2023 20:02 by davr0s
Large fundraise seems to have trashed the share price. I remain long but won't hang on forever if it keeps drifing - there are examples out there where price lost a lot more following chunky fundraising, and I won't be giving back all my profit here
Posted at 18/4/2023 07:15 by someuwin
18 April 2023

Franchise Brands plc

("Franchise Brands" or the "Group")

AGM Statement and Q1 Trading Update

Strong momentum continued in Q1 2023

Announcement of transformational acquisition of Pirtek Europe

Franchise Brands plc (AIM: FRAN), an international multi-brand franchise business, will hold its Annual General Meeting today at 11.00am, at which Stephen Hemsley, Executive Chairman, will provide the following update:

"As reported in our annual results, the excellent momentum in the B2B Division that was a feature of 2022 has continued. Metro Rod experienced strong growth in system sales, achieving record levels in Q1. The integration of Filta UK within this division continues with the combined objectives of improving customer service and reducing costs in the medium term. The defensive, mainly essential services provided by this division have proved resilient despite the current macro-economic uncertainties.

"Filta in North America has continued to perform robustly in Q1 with franchise and equipment sales driving growth. Revenue from the sale of used cooking oil for biodiesel production was in line with expectations, with increased volumes compensating for the anticipated lower price of used oil. The outlook for used oil revenues remains unchanged. The FiltaMax expansion strategy is gathering momentum, underpinning our confidence in the continued growth of Filta in North America.

"As expected, franchisee recruitment in the B2C division has improved in Q1 compared to Q4 2022. ChipsAway, the largest brand in the division, is now back to the same level as achieved in Q1 2022. The level of attrition has also reduced to below the five-year average. However, as anticipated, the loss of franchisees in 2022 and increased overheads generally have impacted income in Q1 2023.

"On 3 April 2023, Franchise Brands announced the proposed transformational acquisition of Hydraulic Authority I Limited, the owner of Pirtek Europe, the leading European provider of on-site hydraulic hose replacement and associated services, for a consideration of £200 million, plus a working capital adjustment of £12.2m. Subject to shareholder approval at the General Meeting on 20 April, the acquisition is expected to complete on 21 April.

"Pirtek Europe provides a mission-critical, emergency response service to a diverse portfolio of customers, principally via a network of 70 franchisees. The business has 213 service centres and 838 mobile service vehicles in eight countries - the UK, Republic of Ireland, Germany, France, Austria, Belgium, Sweden and the Netherlands. Pirtek Europe has a royalty-free, indefinite Master Franchise Licence Agreement in respect of 16 countries in Europe, so has significant opportunities for expansion.

"The acquisition of Pirtek Europe, which will expand the Group's operations into ten countries, will significantly advance the Board's ambition of creating a market-leading international B2B multi-brand franchisor that generates its income equally from the UK, North America and continental Europe. It also provides a low-cost platform from which to launch the Group's current brands into new markets and the opportunity to further leverage central services efficiently, principally in the areas of technology, marketing and finance. The acquisition is expected to be immediately earnings accretive.

"In conclusion, the existing Group has had a good start to 2023. The acquisition of Pirtek Europe will further transform the Group by diversifying the range of emergency response services provided and our geographical reach and customer base. This will provide greater resilience to earnings and provide a platform for the acceleration in the growth of our business. We, therefore, look forward to the rest of 2023 and beyond with great confidence."

Posted at 05/4/2023 12:28 by wjccghcc
Agree about the debt. I suspect the 180p placing was because they first approached investors back in Feb/Mar when the share price was 200p so a 10% discount to that price at the time.
Posted at 05/4/2023 12:00 by disc0dave45
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

Posted at 04/4/2023 15:57 by trt
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.
Posted at 04/4/2023 08:36 by wjccghcc
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.
Posted at 10/3/2023 15:01 by tomps2
Franchise Brands (LON:FRAN) reported full year results yesterday, here is the presentation they gave to analysts at the LSE

Video: hxxps://www.piworld.co.uk/company-videos/franchise-brands-fran-full-year-2022-presentation-march-2023/
Podcast: hxxps://piworld.podbean.com/e/franchise-brands-fran-full-year-2022-presentation-march-2023/

Executive Chairman, Stephen Hemsley (ex Dominos Pizza) and Peter Molloy, Managing Director, B2B Division gave a very comprehensive presentation. The figures are strong with a big contribution from the 2022 acquisition of Filta, which was previously AIM listed.

Revenue £99.2m +72%
aEBITDA £15.3m +80%
aEPS 8.38p +51%
Dividend 2p +33%
Net cash £8m

They run through each of the brands and go into detail on Filta. They plan to sell the B2C division; to grow the B2B division through cross-sell and upsell; to use technology to drive efficiency and continue to look for further earnings-enhancing acquisitions. Stocko is showing an upgrade to forecasts, yesterday.

Posted at 09/3/2023 15:54 by trt
Press coverage of the results tomorrow will bring in new buyers pushing the share price even higher. Got to be in it to win it.
Posted at 12/1/2023 13:53 by kalai1
Franchise Brands plc, a multi-brand franchisor, issued a trading update for the FY ended 31st December 2022. The Board expects the Group's revenue, adjusted EBITDA, and adjusted EPS for the year ended 31 December 2022 to be slightly ahead of recently-increased current consensus market expectations – these are for revenue of £98.75m, adjusted EBITDA of £14.73m and adjusted EPS of 7.70p. Both top line and EPS are still growing robustly, the share price is already in a solid uptrend. Valuation looks a little stretched with forward PE ratio at 26.4x. But the trailing 12 month PE multiple has trade up to 40x-50x on many occasions over the past 5 years. A cheaper price would be nice, but may not be achievable near term. Certainly worth owning for the longer run given the growth performance that is being delivered. BUY...

...from WealthOracle

hTTps://wealthoracle.co.uk/detailed-result-full/FRAN/639

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