Future Investors - FUTR

Future Investors - FUTR

Stock Name Stock Symbol Market Stock Type
Future Plc FUTR London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 1,585.00 00:00:00
Open Price Low Price High Price Close Price Previous Close
more quote information »
Industry Sector

Top Investor Posts

Top Posts
Posted at 11/1/2023 11:13 by slogsweep
RCH reporting profits wiped out in 22 due to lower advertising and digital sales. Maybe FUTR will be experiencing same head winds hence investor reaction and share price fall
Posted at 03/2/2022 13:16 by daveme
I can only assume for such a highly rated stock some investors take an "inline" statement as indication that growth is slowing and hence the stock should no longer be rated so highly.

Stocks such as Future need to keep beating expectations for their share price to keep growing. Any sign growth is tailing off invariably leads to a mark down.

Posted at 04/11/2021 22:00 by simmsc
The comforting factor is that Reach (RCH) has had a similar drop, so it's not company specific. In fact, those two 3 year graphs look remarkably similar. Still doesn't explain the recent drop though. But at least, it appears that there is not a problem with either of the two. One possible explanation for the drops are that investors have concerns about the print side of the business (but i don't share those concerns).
Posted at 04/11/2021 10:13 by daveme
Milehouse, no idea for the unusually large drop yesterday. Perhaps just one of the larger investors top-slicing their investment after a fantastic run over the last few years.

I know whenever I have taken some profits in this company I have regretted it after seeing it surge further ahead! Hence I've decided it's best just to stay put.

Posted at 30/11/2020 09:08 by ayl30
Looks like a better day today. Investors warming to the deal perhaps?
Posted at 29/11/2020 06:56 by lomax99
Questor: is Future just a takeover junkie or can it make this GoCompare deal work?Questor share tip: as fund managers argue about the logic of the bid, we look for evidence of the management's underlying abilityNothing divides opinion in the City more than a takeover bid. When the bidder also has a controversial past, the debate becomes even more heated. So it has been in recent days over the proposed acquisition of GoCo, owner of the GoCompare price comparison service, by Future, the magazine publisher.Questor canvassed opinion about the deal from a number of fund managers and analysts. There was little sign of consensus."This deal is less left-field than it initially appeared," said one fund manager who owns shares in both companies. "There is an awful lot Future can do with GoCo. The bid was a surprise but after we had spoken to Future's management, we were comfortable with it."But another fund manager decided to "short-sell" Future shares after he heard of the takeover. "Nothing about this deal makes any sense," he said."The conference call [with Future's management] was very odd. Searching for the logic of combining her company with a price comparison outfit, the best defence that Zillah Byng-Thorne [the chief executive] could muster was that GoCo was for sale, also founded by an entrepreneur and handily just down the road in the South of England."To be fair to Future, its statement did include rationale such as the scope for "creating a leading global specialist media platform that drives intent", adding "key capabilities and adjacent routes to monetisation", and "substantially growing the addressable market", although this column would have preferred to see more English and less jargon.Why does Future arouse such strong and conflicting opinions? It is because of its takeover habit.The firm has grown extremely quickly: when Ms Byng-Thorne took over in 2014, its market value was less than £100m but it was almost £2bn before news of the acquisition sent the share price sliding.That growth has been driven by repeated acquisitions. Future's backers say the firm's record of growth in profits speaks for itself. Its detractors counter that the businesses it acquires do not prosper under its ownership and that the only way to maintain growth is to buy yet more businesses. Sooner or later, they say, the music will stop.On the whole, Questor regards itself as a takeover sceptic. However, the occasional serial acquirer does make a success of it. RWS, the patents firm tipped here in the past, springs to mind.Let's seek some evidence as to Future's success as a buyer of businesses. We were struck by a quote from the first investor we mentioned.Referring to Future's previous acquisition of assets from Centaur, another publisher, he said: "Within no time, Future had made huge amounts from these assets that Centaur hadn't been able to make for one reason or another. We owned shares in Centaur too and we were staggered by the amount of money that Future was able to make from its former assets."He added: "I think Future will make the GoCo purchase work – it has a fantastic record of execution."One complaint made by those who dislike repeated acquisitions is that they can make financial results hard to interpret. Like-for-like comparisons become more difficult and there can be acquisition costs, the writing off of associated "goodwill", and problems with disentangling organic growth from acquired growth.We will try to look through all that complexity to get a sense of where Future is going. Conveniently, it announced results for the year to September alongside its offer for GoCo. Everything was up: sales by 53pc, operating profits by 90pc, profit before tax by 309pc, cash from operations by 71pc and earnings per share by 388pc.Now, as Terry Smith, the respected fund manager, has said, it's easy to grow returns if you deploy more capital. Has Future thrown capital at these returns?The number of shares in issue has grown this year, but by a relatively modest 16pc, while net debt at the end of the year was 54pc higher than a year previously. Strong cash generation is eating away at these debts. Even when we take that extra capital into account, Future's growth is impressive.A good business, then. But a good investment? The shares trade at about 22 times earnings – reasonable for such high growth. But a lot depends on this latest acquisition. A risky buy.Questor says: speculative buy
Posted at 25/11/2020 16:05 by aquaesulis01
Telegraph view on the acquisition: It’s not over 'til the fat man sings. How apt then that a deal to unite magazine house Future Publishing with the comparison website famous for its irritating adverts featuring a fictional Italian tenor will leave shareholders scratching their heads.

Investors in Go Compare probably won’t have too many complaints about a part-cash, part-paper deal that values the company at £594m. Future’s 136p per-share offer is a 24pc premium to the previous day’s share price, or 33pc if you take the three-month average. And 138p is the highest it ever reached, back in June 2018.

But as for what the publisher of eminent publications such as Practical Caravan and Guitar World wants to do with a price comparison website, well you won’t find too many clues from a company content to waffle on about how the tie-up will strengthen its “proposition of seeking to address the growing consumer demand for informed and value driven purchasing decisions”.

Ditto how “the combination of Future's deep audience insight with GoCo group's expertise in price comparison” is a “truly unique opportunity”. But then again, this is an outfit that boasts on its website about being an “experience-maker”, whatever that means.

A whopping 17pc fall in Future’s share price is much more revealing. The truth is that combining publishing and price comparison sites is not a new idea and the results have been mixed at best. German publishing giant Bauer owns several platforms across Europe but its private ownership makes it difficult to assess whether it has been a successful strategy.

A better example might be the short-lived ownership of Uswitch by American media conglomerate Scripps. Having parted with more than £200m for the fledgling website in 2006, it racked up heavy losses and Scripps offloaded the business three years later for just a few million pounds.

There is an unavoidable suspicion that the deal is a de facto retirement vehicle for Go Compare chairman Peter Wood, not helped by the fact that Future boss Zillah Byng-Thorne is also on the board of the company she is buying.

Though Byng-Thorne has been excluded from the discussions in her capacity as a Go Compare independent director, the connection doesn’t look great.

Wood’s 29.6pc stake will earn him another £180m to add to an estimated £800m fortune, assembled from the sale of insurance brands Direct Line and Esure, which Go Compare was spun out of in 2016.

Meanwhile, further questions will be asked about Byng-Thorne’s seemingly insatiable appetite for deal-making in her capacity as Future chief executive, and whether she needs to keep the acquisitions rolling in order for the company’s impressive growth to continue.

After all, it is only a year since the £140m takeover of TI Media, a deal Byng-Thorne celebrated by offloading £14.6m worth of shares just weeks later. The ill-timed sale triggered an 8pc fall in Future’s share price as investors asked whether it was a sign that her faith was wavering.

Future’s transformation from troubled publisher of forgotten print publications to one of the UK’s hottest media companies has been an unlikely one but perhaps it really has worked out how to make money from digital publishing.

City forecasts have been repeatedly smashed and its share price has rallied strongly from Covid-inspired lows of just 42p in March. But this giant leap into unknown territory will be the biggest test of Byng-Thorne’s dizzying six-year reign yet.

On the bright side, she has come under fire for being “overboarded” – City speak for being on the boards of too many companies at once. This deal at least helps address that little problem

Posted at 16/9/2020 08:19 by alphabeta4
Picked up on your question investing but felt it was too tough to call. Normally broker targets can be a good bet but the short interest tracker is showing the shorters are still unchanged.
How much longer can they last? Coltrane look around 100% underwater and still have c2% on shares in issue left. I wouldn't be wanting to report to investors with those sort of numbers. There would seem the possibility funds and investors knowing the shorters position could try to force the issue (not quite a Volkswagon 2008 position but same sort of principal). Why should they sell if they know the shorters may need to buy?

Posted at 22/5/2020 06:59 by sweenoid

Given the global lockdown onmagazine sale outlets I think the outlook was as positive as could be expected. Hopefully with an easing of lockdowns occurring in the key markets, magazine sales will rise again, I believe they have decided not to factor this in at all.

Management should always under- promise and over- achieve, this CEO has a ‘canny’ knack of doing that and given these horrendous times I expect her to continue so.

Obviously they will be teleconferencing with analysts in an hour or so and speaking to major investors, no doubt we will learn the outcome of those deliberations quite soon. I would hope that the ‘press’ coverage would be very good


Posted at 04/2/2020 11:44 by 74sjh
The circumstances where a company must make an RNS are described in the DTRs and MAD. They seem to be generally related to timeliness of accounts reporting and disclosure of inside info. As the shadow report is a view based piece and presumably based on public data, then, however frustrating it may be, a response via RNS may not be appropriate and potentially a misuse of the channel? My basic understanding from sifting through the dtrs is that companies are only required to respond to speculation via rns if the content meets the definitions of inside info, is actually true and is causing the price to move. Therefore, in an way, the lack of rns could be viewed as reassuring because the company doesn't believe any of shadows content to be true. But best DYOR and give the dtrs and MaD a read yourselves if you can stomach it!That said, shadows report is likely to be the main topic of conversation at the investor day tomorrow and one would hope management is armed to the teeth to deal with questions on it. Perhaps there will be a presentation to investors that deals with shadows claims which could be put on FUTRs website for all to see. The CEO could also do a Q&A or press interviews to set the record straight. The IR dept and advisors really ought to be going into overdrive to sort this out but so far the response does seem a bit underwhelming.On another point, there have been no TR1s from major investors - I think FUTRs top 10 shareholders own about 50% of the company (according to shadows report) so any sell down by them might have to be disclosed. That suggests to me that they are riding this one out so far.
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20230127 08:11:50