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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Freeagent Hdg | FREE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 120.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 120.00 |
| Top Posts |
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Posted at 06/12/2020 15:48 by logica2me I’ve just stumbled across a new app that offers commission free trading and you can buy any amount of shares, so technically if you wanted to buy £10 of Apple or Tesla shares you can, as they sell percentages of one share.The most exciting thing is they’re giving away one free share to every new account holder - the share will be worth anywhere between £3 and £200 ! My mate got a share worth £97 and he could sell it straight away, commission free. Click the link below if you want to join: Join me and invest commission-free with Freetrade. Get started with a free share worth £3-£200. |
Posted at 04/6/2018 00:12 by danieldanj FreeAgent Holdings (FREE) Earnings-Reaction to Keep an Eye |
Posted at 04/4/2018 07:40 by rubberbullets battlebus2 - 11 Oct 2017 - 23:21:54 - 4705 of 6047 bbus - BBUSFREE and EMAN leave the folio. battlebus227 Mar '18 - 19:07 - 89 of 93 0 0 0 Excellent news and a decent premium, held a small amount so well chuffed 👍 u lil liar |
Posted at 31/8/2017 19:10 by psiren hi all, i've been watching this board for a while (among other boards). Invested a nice amount from my pension pot last year. I think we will find that free agent will begin to move it's offering to other regions as part of expansion, it's the only way to go |
Posted at 01/8/2017 14:09 by loobrush Have now a holding as I think Investors now starting to realise this could be a great company and I am expecting price to be a lot higher in 6 months time as the deal with RBS really takes off.Only a small free float so price can move fast as you will see. |
Posted at 08/6/2017 13:27 by redlee Agree loobrush. I'm holding for the long term but am hopeful we may see some upwards movement after the election - buying so close to it may have put some people off following the great results.Also featured in Paul Scott's daily report yesterday and the write up was very positive: hxxp://www.stockoped |
Posted at 15/3/2017 19:58 by apad email to FREE."In Operational Hilites (Interim results for the six months ended 30 September 2016) Business customers are given as: "· Accounting Practice clients significantly increased to 27,137 (H1 2015: 12,611). · Direct Clients increased to 16,724 (H1 2015: 14,582)." This makes totals of 43,861 for H1 2016 and 27,193 for H1 2015. The Chief Executive’s Statement says: "As at 30 September 2016, the Group had a total of 51,865 subscribers, an increase of 18% over H1 2015 (30 September 2015: 43,811 subscribers)" The website says “Over 50,000 business accounts” It would seem that CE statement is comparing current business accounts with H1 2016, not H1 2015. A much more impressive performance increase. If I am correct you will need to issue an rns correction. Apologies if I have made an error." FREE reply to email (nuff said): "Hi Adrian Thank you for getting in touch. We have a number of legacy channels which you can read about in our Admission document. These collectively contained a total of about 8,000 subscribers at 30 September. We don't pull these channels out separately in the highlights as they are not a growth opportunity for the business but we include them in the overall subscriber total. Hopefully that answers your question but if not, please let me know. Kind regards Katherine" My reply: "Not at all! I am pointing out an error in your current rns on the LSE, and it’s a stamant by your CEO, who needs to know about it. It is in your Interim Results. This is nothing to do with your legacy documents it is your current interim results. Please pass to your accounts department." apad |
Posted at 16/2/2017 07:56 by n0rbie FreeAgent could be the next big disruptive firmDiscover why we think now is an ideal time to buy this fast-growth business Thursday 16 Feb 2017 Author: Steven Frazer Great Ideas Now is the perfect time to buy accounting software supplier FreeAgent (FREE:AIM) as we believe a rotation is underway from short-term traders to more committed longer-term shareholders. Many investors buy companies as soon as they join the stock market in the hope of making a quick 10%+ return. A lot of floats are priced below intrinsic value, so there is an opportunity to profit once they join the market as the price moves towards fair value (or beyond). The rally and subsequent pullback in FreeAgent’s share price since its IPO (initial public offering) in November 2016 is a textbook performance. We believe the next phase for the share price is more a sustained, albeit slower upwards rally. WHY WE LIKE THE STORY FreeAgent has the potential to significantly disrupt the small business accounting market. Most of the big accounting software firms largely serve businesses with at least 20 employees. FreeAgent is focused on sole traders or firms with only a handful of staff. An estimated 90% of small businesses still use basic spreadsheets to add up their sales. The taxman wants all businesses to comply with digital accounting by 2020. That presents a large opportunity for FreeAgent to sell its accounting tool kit. GI FREEAGENT 160217 The £47m cap’s system provides ‘real-timeR In addition to direct sales, the company has successfully partnered with accountants who act as resellers. This helped customer numbers more than double to 27,137 in the six months to 30 September 2016 year on year, compared to 15% growth to 16,724 customers in the direct channel. Average revenue per user was £17.63 on average in the period for direct sales and £10.86 from the reseller channel. Royal Bank of Scotland (RBS) has signed up to offer FreeAgent’s software to its business bank account clients for free, paying the software firm an undisclosed licence fee. Investors shouldn’t get carried away with this recent deal. Barclays (BARC) signed a similar partnership seven years ago which helped FreeAgent when still in its infancy. However Barclays’ importance as a source of revenue stream has ‘diminished THE PATH TO PROFIT FreeAgent’s average customer lifetime runs at 66 months (direct) to 96 (channel) versus customer acquisition costs (CSC) of 14 to 17 months. Its software-as-a-servic Analysts forecast maiden profit in the financial year to March 2019. |
Posted at 24/1/2017 22:42 by paulypilot Try the FreeAgent software, if you want to discover the competitive advantage.I did, and a free trial turned into a sticky recurring revenue customer within a few days. The reasons being that it's very easy to set up, and a delight to use, for non-financial people. OK, I'm a financial person, so it was a doddle to set up, but FreeAgent is so obviously brilliant for the self-employed, I can see why the more people who are introduced to it, will become long-term customers. My tax accountant just did the sums, and posted the journals, all done via the cloud, it made this year's accounts filing an absolute dream. Sure there are other products, but FreeAgent is the best for micro businesses. Give it away with new bank accounts, great! Then the revenue could pour in, in future years, as people want to keep using it. That is what I see as the opportunity here. In the meantime, the stock is VERY EXPENSIVE. No denying that. If things go wrong, we'll lose most of our money! Got to balance up +ve and -ve. Regards, Paul. |
Posted at 19/1/2017 22:31 by penpont Good comment from Paul Scott:FreeAgent Holdings (LON:FREE) Share price: 107p (up 6.5% today) No. shares: 40.6m Market cap: £43.4m (at the time of writing, I hold a long position in this share) Contract with RBS - I only comment on contract wins that appear to be significant, in terms of being likely to trigger broker upgrades, and subsequently improved profits. Although the Directorspeak says that it's too soon to expect any material benefit to revenues in the current financial year (ending 31 Mar 2017). The deal is that Royal Bank of Scotland is planning to give FreeAgent software (which usually costs about £25 per month, with first 6 months half price) to its small business customers, as part of a package. We're not told what bulk discount (if any) RBS has negotiated. Also we're not told what the package is - so I can't yet assess whether it's likely to be something that many customers will take up, or not. It sounds promising though. I've not mentioned this company before in my reports here (although several of us were discussing it on Twitter a few weeks ago. It's a cloud-based accounting software company, targeting UK micro businesses (from 1 to 10 employees). The product can be seen on their website here. I try to keep on top of new issues, and this share was listed on AIM in Nov 2016. The Admission Document sounded interesting, so I decided that the best research to do next was to actually try out the product. There's a free trial on the company's website, which is very easy to set up, as it's a cloud-based programme. So it's up & running all the time, from any computer, with no downloads, or security issues for end users to worry about. To cut a long story short, I liked the software so much, that I moved one of my own little companies onto it, and became a fully paid-up subscriber. That reminds me of the old Remington shaver adverts - "I liked it so much, I bought the company!" Valuation - this is where things don't look quite so rosey, I'm afraid. As with lots of up & coming growth companies, the valuation looks rich at the moment. The company is still loss-making, although it is demonstrating a steadily rising stream of high quality recurring revenues. Customers are sticky, because the product is so good. A lot of micro businesses go bust, but more often than not the same person/people will resume trading through a new company. So FreeAgent would continue having that client. FreeAgent is forecast to reach breakeven in 2018. Thereafter, it should become profitable. Competition - there are other cloud-based accounting packages available Xero is possibly the best known. I am told that QuickBooks and Sage are also now selling cloud-based small company products too, and there must be lots of others too. However, FreeAgent seems to be the only decent package that is specifically designed for micro businesses. Xero is very good, I've used that too, but it's not as user-friendly as FreeAgent, for micro businesses anyway. My opinion - this share ticks the right boxes for me, as a growth investment. Valuation is high at the moment, for sure. I imagine that most readers won't want to pay up-front for growth, so this share may not appeal. However, the best long-term growth companies are never cheap, even when they're small. Overall though, I like it, and could see the RBS deal accelerating growth. So, taking a long term view, this could be an interesting growth share, providing nothing goes wrong. I am nervous about competitive pressures, and the cost of acquiring new customers. However, the secret weapon of FreeAgent may be firms of accountants. I've checked with several, and they all said that FreeAgent is the best software for their smallest clients, and it's the one they recommend. I've just done a whole year's business accounts on FreeAgent. Instead of a whole weekend typing into spreadsheets, it took me only a couple of hours to download all the bank transactions, then go through them on my smartphone, telling FreeAgent what they are. Then it learns, and automatically classifies them in future (in theory, but it didn't prove terribly good at that bit). Bank transactions will now sweep in overnight automatically, so no keying in at all! I can raise invoices (even automatic monthly ones), take a photo with my iPhone of receipts & attach them to my expenses claims for each client - all done on my phone. It's an absolutely outstanding product - try it! I then emailed my tax accountant a login, and he reviewed everything, and even put through all the year end journals relating to tax. FreeAgent reminds me when to pay, etc. It's really good. The shares are more speculative, and are a bet on it reaching & exceeding breakeven in the next 2 years. There are no guarantees that will happen of course. |
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