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FREE Freeagent Hdg

120.00
0.00 (0.00%)
15 May 2024 - Closed
Delayed by 15 minutes
Freeagent Hdg Investors - FREE

Freeagent Hdg Investors - FREE

Share Name Share Symbol Market Stock Type
Freeagent Hdg FREE London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 120.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
120.00 120.00
more quote information »

Top Investor Posts

Top Posts
Posted at 27/3/2018 20:42 by boros10
EIS investors of less than three years don't appear to have been offered the opportunity to remain invested through a new qualifying instrument. That means CGT and a claw back of the income tax relief originally given. Not best pleased.
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 21/2/2017 10:52 by battlebus2
Bit surprised myself at the above link by Investors Champion.
Posted at 16/2/2017 07:56 by n0rbie
FreeAgent could be the next big disruptive firm
Discover 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-timeR17; tax liability tracking, invoicing and automated chasing, all seamlessly linked to a business’ bank account. Its platform is easy to use but advanced enough to charge premium fees.

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 ‘diminished217; in recent years, according to FreeAgent’s AIM admission document.

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-service model means revenues are virtually 100% profit beyond the CSC, or between £800 and £950 per account over the contract lifetime.

Analysts forecast maiden profit in the financial year to March 2019.
Posted at 03/1/2017 08:29 by n0rbie
They were tipped in the most recent Shares magazine. I'm an investor through Seedrs crowdfunding last year (pre IPO). Have used their software for my business for 4 years so had to invest as I know how good the product is!
Posted at 02/1/2017 00:10 by masurenguy
Ten investors own 71.4% of the shares so the stock could prove to be quite illiquid in the future.

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Octopus 3.4%
Posted at 04/11/2003 19:33 by maestro.
Dear Mr.Branson,
I've followed your career and noticed you have a passion for hot air balloons but quite frankly i think your passion,time and money are wasted on this project and would be better spent on developing a state of the art fleet of airships that could transport people safely and near pollution free to all parts of the globe.
The old airships imho were deliberately wound up because of their competition to normal aircraft...the oil companies would not generate much revenue from a sky full of airships.
So i wondered if you and other investors would be interested in forming an airship company to revolutionise air travel...how about it mate?
Regards,
Maestro.