Share Name Share Symbol Market Type Share ISIN Share Description
Freeagent Hdg LSE:FREE London Ordinary Share GB00BDFVDY36 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 77.50p 75.00p 80.00p 77.50p 77.50p 77.50p 25,000 07:31:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 8.0 -3.0 -13.0 - 31.57

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DateSubject
22/11/2017
08:20
Freeagent Hdg Daily Update: Freeagent Hdg is listed in the Software & Computer Services sector of the London Stock Exchange with ticker FREE. The last closing price for Freeagent Hdg was 77.50p.
Freeagent Hdg has a 4 week average price of 66p and a 12 week average price of 66p.
The 1 year high share price is 142p while the 1 year low share price is currently 66p.
There are currently 40,739,775 shares in issue and the average daily traded volume is 35,267 shares. The market capitalisation of Freeagent Hdg is £31,573,325.63.
13/4/2017
10:42
n0rbie: Article in Shares magazine today. FreeAgent impresses with latest results Micro business accounts techy passes first public company test Freeagent (FREE:AIM) 117.5p Gain to date: 1.3% Original entry point: Buy at 116p, 16 February 2017 Considering first half results had been signed-off before FreeAgent’s (FREE:AIM) November 2016 IPO, the second half is the company’s first real test as a public company, and it has impressed. Both earnings before interest, tax, depreciation and amortisation (EBITDA) losses and cash will be ‘comfortably better than current market expectations’ that were down for a loss of £0.9m and a balance of £3.1m respectively. ven revenue of £8m, said to be ‘in line’ with estimates, look better to us versus the sole £7.6m forecast of N+1 Singer. What stands out is that costs have been kept in check despite the temptation to ramp spending after raising £8m. That is different to many other AIM IPOs in recent years. With £8.6m of contracted revenue in the bag for this year (to 31 March 2018), N+1 Singer’s £10.3m estimate looks well within reach. The trajectory for both company and share price looks very positive. An encouraging start for this exciting growth company. Still a buy. (SF)
16/2/2017
07:56
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.
19/1/2017
22:31
penpont: Good comment from Paul Scott: http://www.stockopedia.com/content/small-cap-value-report-19-jan-2017-siv-rbg-free-pmp-tmmg-167554/ 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.
17/1/2011
20:19
loverat: Read the whole sorry saga below. As the current management say, you could make a book or film. Comparisions with Langbar and Meldex......and read the final paragraph........ Do we want to risk a return to this? I sincerely hope not! Notice of General Meeting and Recommendation of your Board to Vote AGAINST the Requisition "And so the saga of this troubled company continues. A book or even a film could be made of this story which quite clearly involves previous directors seeking personal self gain, Croatian mafia, missing Indians and now conflicted Chinese. It is more than possible that two of the aforementioned are working together to make further financial gain at your expense. At all times, your directors have sought to unravel this extraordinary web of intrigue and mistruths and have been resolute in their desire to return cash to our ever patient shareholders" http://www.londonasiacapital.com/pdfs/LAC_27_10_2009.pdf Causes for concern.... 6.3 Loan of $5 Million Written Off Our investigations have uncovered that on 7th September 2005, LAC plc sent $5 million to Nourican Adriatic d.o.o., in Zagreb, Croatia. The transfer document was signed by Mr Simon Littlewood. A signed contract confirms that the loan was to have been secured by a pledge over 25,000 shares in Industrogradnja d.d., but no signed guarantee or pledge has been traced. The purpose of the loan was to help Nourican Adriatic d.o.o. provide evidence to the Croatian Stock Exchange (Zagrebaka Burza) that cash needed for a bid to be made by two Croatian companies for Industrogradnja was available. LAC was to receive a fee of US$ 1 million for this loan. The bid for Industrogradnja was launched on 11th November 2005 at a share price of 650 Kuna at a discount to its market price of 810 Kuna. As a result, only 2,640 shares were tendered for at a total cost of $273,244. It appears that the $5 million loan provided by LAC was not used for the bid and should have been returned to LAC in January 2006, together with the $1 million fee. We can find no evidence that this sum reached LAC, nor is there documentary evidence to show that steps were taken through the courts in any country to recover this money. The transaction was managed by Mr Simon Littlewood, who has since commented that the "Croatian Mafia" has the outstanding $6 million belonging to LAC shareholders.
25/8/2006
02:02
opmoc: A bunch of small investors who only ever met cos I Complained about the Playstation Version of Livewire ( They Had Missed a Level Out).... Kept The Company Alive On Several Occasions Over The Years.... Sometimes With Pure Enthusiasm And Sometimes by Buying The Shares With Real Cash... We had next to nothing really - but sometimes if you buy a bombed out company like no tomorrow... The share price goes up... And people notice... And the share price goes up more.. And the City notices - and the share price goes even higher... And the company sells some shares to raise some real cash... Well If You are Good at Management The City Will Back You If You Have a Good Idea Which You Convince Them Will Make Them a Fortune. I Am Not Finished Yet. Tony
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