Future Share Discussion Threads

[deepz32] 25/2/2022 11:20

Stock is starting to creep up but haven't seen any recent news to trigger it. Was expecting it to be flat until the pay discussions had been concluded, I am assuming that was the reason for the decrease in share price as the performance otherwise looks great. Thoughts/ insights?

[johnrxx99] 20/2/2022 08:18

She is paid 3million+

[squintyflinty1] 18/2/2022 16:05

Also on 2nd Feb this year, the CEO purchased 7,427 shares at £31.42.She's around £44,000 in just over a fortnight!

[squintyflinty1] 18/2/2022 15:54

The results posted today were very positive , so I don't understand today's weakness.

[johnthespacer] 18/2/2022 15:36

They way this is going , the post should be renamed.. Much lower in the future!!

I hold

[km18] 17/2/2022 18:33

...from last year...

Company overview:
FUTR is a media company operating through two segments – UK and USA. Sub-segments covered by the company include Media and Magazines which focus on websites, events and digital advertising, respectively. Largest revenue contributions come from digital ads and eCommerce affiliate products. Company’s products reach on average 1 in 3 adults in both UK and US. Flexible and scalable technologies are key drivers of organic growth, which is further enhanced by acquisitions. Company’s management projects full year profitability to outperform expectations. The group’s cash generative nature has provided the opportunity to continuously deleverage the balance sheet....from WealthOracleAM

[fardistanthills] 10/2/2022 10:29

Thanks AB4, that's a very interesting linkage - FUTR's previous response to recessionary concerns and a current BoE view - Hugh Pill from what I've read is a pretty bright cookie. I'm not so sure about the present Guv though!

[alphabeta4] 10/2/2022 09:52

Looking back the lowest forward PE I can find from the last few years is 17.84 which was back in late 2018 (when the market was down around 20% on worries the Fed was going to raise rates too quickly and create a recession so it ties in pretty well). By my calculations that now equates to £27.83 so that looks largely priced in. Back then the concerns proved unfounded and Future had a fantastic 2019 going from £4.80 to c£15. Note if this had the same PE as back in September Futr would be £45 so that's the immediate potential upside outside upgrades.

There is the possibility the market is making the same mistake on rates again, especially given the hit to incomes from tax rises and utility bills in April. The FT is quoting this from Huw Pill from yesterday:
Keeping interest rates at 0.5 per cent indefinitely would leave inflation above target in the medium term on the latest forecasts, but raising them as sharply as market pricing implied — to 1.2 per cent by the end of 2022 — would take inflation below target.

“I leave it to you to draw any implications for where the MPC sees the path of bank rate headed,” he said.

[simmsc] 03/2/2022 20:42

love the "screw you" signal the ceo sends back to the market after they mark the stock down 10 percent post the inline trading update. The world needs more ceo's like this.

[lomax99] 03/2/2022 13:24

Well I have added a few more.

[sundance 13] 03/2/2022 13:19

Not really rated that highly now though is it? PE circa 19-20 isn't particularly racey given track record? Think it's just the market we're in currently, hammering high beta stocks at every opportunity.

[daveme] 03/2/2022 13:16

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.

[ihatemms] 03/2/2022 12:33

Struggling to understand the market reaction. Eps forecast for FY2022 is 157p as far as I can see. Puts PER under 20 which is very low for a high growth stock.Consensus broker forecasts are £40 plus. Anybody got a view/explanation?

[wildchild] 03/2/2022 11:01

Amazing how fickle the market can be ... "Inline" Q1 and down 8%.

[malcolmmm] 05/1/2022 00:07

I do subscribe and also hold both

[srichardson8] 29/12/2021 18:19

It took me a while to find the article cited above - it is under the 'EXPLORE FUTURE' banner on the website - but well worth the time. This is a brief clip.

"Its Future Tech Network, which comprises the world’s leading tech publications, saw a 17% audience increase month-over-month, reaching 88.7 million Americans."

So much has been happening at FUTR over the past four or five years that it is sometimes difficult to sit back and remind oneself what exactly is FUTR, how are they monetising their business and how do we read the figures given the stream of acquisitions. It looks like they MAY be able to override probable (imo) unlucky timing in their GoCo acquisition by the brilliance of the rest of their media business and most especially their penetration in the US. They have a terrific brand portfolio, young, enegetic leadership and a decent shareholder roster - though I am a bit surprised by some of the omissions.
There is a big difference between statutory and adjusted earnings. That mostly reflects the amortisation of the acquisition premium which will be substantially bigger again for this year to Sept 2022. That means the reported p/e looks quite demanding, the adjusted looks very reasonable.What I hope to see is the RoCE regaining double digits in the current term.
The share is up around 110% this year which I realise will put the wind up some investors.Yet it is a really exceptional UK company and they are hard to find.

[lomax99] 29/12/2021 14:25

RECORD AUDIENCE GROWTH CEMENTS FUTURE'S POSITION AS TOP US TECH DESTINATIONHttps://www.futureplc.com/blog/record-audience-growth-cements-futures-position-as-top-us-tech-destination/

[tomps2] 09/12/2021 08:54

Andy Brough interview with PIWORLD

Andy Brough mentions Future #FUTR in the latest PIWORLD interview at 8m17s

Watch the video here:

Or listen to the Podcast here:

[john09] 08/12/2021 21:10

The Week publisher eyes newspaper takeovers as shares hit new high
Future briefly eclipses ITV's market valuation after pre-tax profits more than double to £108m

ByBen Woods
30 November 2021 • 4:40pm

The magazine publisher behind The Week is considering newspaper takeovers, after its latest profits blow-out briefly made it the most valuable listed media owner in the country.

Future chief executive Zillah Byng-Thorne pointed to the New York Times' $30m (£22m) deal for the product review business Wirecutter as an example of an "interesting play'' that chimed with its own strategy.

The merger in 2016 married a website guiding readers towards buying products from online retailers with a 170-year-old news brand, which is shifting from a dependency on printed newspapers to an online business with more than 7m digital subscribers.

Ms Byng-Thorne said: "We have thought about [acquiring a newspaper business]. If you had asked me this question five years ago I would have said absolutely no, but life has taught me to not rule out anything.

"If you look at the New York Times, it bought the Wirecutter, so it had a convergence into specialist media. If you think about the combination and benefits of that, then there are some interesting plays there."

Future has been snapping up magazines, websites and price comparison firms and refocusing them as online titles funded by advertising and e-commerce referral revenues, which account for most of its turnover.

Titles such as TechRadar review products and earn a fee for referring readers to Amazon and other retailers.

Strong growth meant next year's results will be "materially above current expectations", Future said, prompting shares to rise as high as 17pc to £37.44.

The move increased its stock market value to £4.7bn, putting it ahead of Britain's biggest commercial broadcaster ITV at £4.4bn.

Future fell back slightly towards the end of the day to finish up 13pc and ITV made up some lost ground, restoring the pecking order.

Nevertheless, the publisher’s extraordinary resurgence leaves it in sight of a place in the FTSE 100 only seven years after it underwent drastic restructuring and its survival was in question.

Ms Byng-Thorne suggested Future could move into the news business after pre-tax profits more than doubled to £108m.

Turnover increased by 79pc to £607m for the year to September after digital advertising and e-commerce sales expanded by 27pc and 37pc respectively.

Ms Byng-Thorne has diversified Future this year, acquiring the price comparison site Go Compare for £594m. She also pushed into digital subscriptions by spending more than £300m on The Week owner Dennis Publishing.

"What we have highlighted on the advertising side of our business is the quality of our audience," she added.

"Because we have people who are in the market with intent, we find that advertisers are much more happy to advertise alongside our brands."

"The investments we have made ... mean we have got really good quality first party data. That allows us then to segment the audience down to the people advertisers most want to meet and that is what has been driving the yield expansion in the advertising portfolio."

However, Future was forced to book a £4.4m charge after writing down the value of the price comparison website Look After My Bills following a string of energy company collapses.

Bulb, the UK's seventh-largest supplier, was among 20 energy firms to go bust due to soaring wholesale costs.

"The very unusual situation in the UK around the energy market means we would be doing a disservice to our customers if we switched them to anything right now," Ms Byng-Thorne added.

"So we have switched off Look After My Bills for the time being and switched off price comparison for energy on Go Compare."

Jessica Pok, a Peel Hunt analyst, said it was increasing its estimates for next year's operating profits by 12pc as it expects "strong momentum in its business and good management on driving margins".

[alphabeta4] 03/12/2021 18:30

The 142p eps was before the minimum 10% upgrade. Sites have been sluggish in issuing broker updates.

[brain smiley] 01/12/2021 15:08

Share price 3550 - 2022 EPS 142.7. that means PE ratio 24.9 not 21.4 surely ?