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Share Name Share Symbol Market Type Share ISIN Share Description
Future Plc LSE:FUTR London Ordinary Share GB00BYZN9041 ORD 15P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -40.00 -2.33% 1,680.00 1,646.00 1,656.00 1,762.00 1,626.00 1,754.00 923,939 16:40:40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 339.6 52.0 46.4 36.2 1,647

Future Share Discussion Threads

Showing 2201 to 2221 of 2400 messages
Chat Pages: 96  95  94  93  92  91  90  89  88  87  86  85  Older
DateSubjectAuthorDiscuss
14/2/2020
16:50
Not sure if this date is known, but it appears the CMA ( competition and mergers authority) after a period of deliberation and discussion, will announce their decision on the acquisition of TI by Future on the 16th of March hTtps://www.gov.uk/cma-cases/future-plc-ti-media-limited-merger-inquiry This ‘merger’ is strategic and massively important for Future S
sweenoid
12/2/2020
13:06
IC today:Future explains acquisition strategyShares in publisher Future (FUTR) soared by more than 200 per cent last year. However, since being tipped into decline on the back of bearish research from short-seller ShadowFall Research, the group's market value has yet to recover, despite issuing improved trading guidance for 2020 and hosting a well-attended capital markets event. executive, Zillah Byng-Thorne, told us that the group does not comment on anyone's research, "good or bad". Yet while it has not responded to the contents of ShadowFall's report, Future's capital markets presentation explored areas including "execution strategy", "organic growth through audience" and the "acquisition playbook".ShadowFall's report had said that it had been "left with the impression that Future is little more than a collection of generally low quality, often distinct and shrinking assets". Among other topics, the hedge fund questioned the 11 per cent organic growth figure stated by Future for 2019, and the quality of the businesses that Future has acquired. It says that Future appears to be "a monumental example of shareholder exuberance".The media group broke down the 11 per cent organic growth figure, noting that total revenue landed at £222m in 2019, and after subtracting the impact of acquisitions and a foreign-exchange boost, organic revenues were £121m, up from £109m. The group defines organic growth as year-on-year growth for its like-for-like portfolio of brands. It excludes any acquisitions made during the prior two-year period, but includes closed titles.ShadowFall also argued that some of Future's acquired assets had "long histories of declining revenue and profit and all too frequent reorganisation costs", using Future's most costly acquisition to date, TI Media, as an example. Ms Byng-Thorne noted that TI Media is a predominantly magazine-led business today, with about 85 per cent of revenues coming from magazine and about 15 per cent coming from online opportunities. "For us, that's where the significant and material opportunity lies" – while TI has a well-managed magazine portfolio, it does not "have a scalable digital platform". Future also sees an opportunity to improve TI's digital revenues through its in-market team in the US.Ms Byng-Thorne and Future's chief financial officer, Penny Ladkin-Brand, each bought around £100,000 of shares the day after the capital markets event, which followed a separate share purchase in early December.The chief executive said that buying shares in the group represented "remarkably good value" at the current price, which "undervalues the growth in the business". However, these deals follow on from £43.7m in share sales by management members last November after the exercise of options, including a £14.6m sale by Ms Byng-Thorne.Ms Byng-Thorne noted that she and Ms Ladkin-Brand were net purchasers in Future rather than sellers up until that point, based upon shares they had bought themselves as opposed to shares they had been awarded. IC ViewAt 1,212p, Future's shares still command a forward price/earnings multiple of 19, based on Berenberg's adjusted EPS estimate for 2020 (65.1p). Ms Byng-Thorne said she "fundamentally believe[s] that cash is an underrated metric". She noted that Future has doubled adjusted cash profits "pretty much every year, at a minimum" over the last four years and cash flows have "pretty much followed suit". Hold.
lomax99
12/2/2020
11:24
This company sprays around equity like confetti at a Mormons wedding What broker isn’t going to blow smoke up their corporate butt ? Fees from deals and placing are the only thing which pay .... they all want a piece of it
albert zog
12/2/2020
06:06
Future has "multiple years of revenue and profit growth" ahead, says Peel HuntHedge fund ShadowFall recently accused the publisher of making a series of poor-quality acquisitions that had masked a weak organic growth rateFuture PLC (LON:FUTR), the FTSE 250 online publisher in the cross-hairs of the short-sellers, provided an "encouraging" rebuttal to its detractors at a strategy update last week, according to City broker Peel Hunt.Its analysts said the company "gave colour" on its strategy of delivering strong organic growth supplemented by acquisitions.READ: Future says full year to be "materially ahead" of expectations"We left feeling encouraged that Future's platform is getting stronger, which will support the delivery of multiple years of revenue and profit growth," they added.Peel Hunt's media team emerged from last Thursday's capital markets day with its 'buy' recommendation intact along with its 1,975p price target. The shares – changing hand for 1,182.36p – are currently trading at a 40% discount to that valuation.Earlier this month hedge fund ShadowFall launched an attack on Future, accusing the media group of making a series of poor-quality acquisitions that had masked a weak organic growth rate.The publisher was quick to respond as it told investors just a day later that its full-year results would be "materially ahead" of market expectations thanks to "strong momentum" four months into the financial year.Peel Hunt was left "impressed" by Future's strategy and direction."The capital markets day gave us confidence that Future's strong platform allows it to scale its business and support growth for multiple years to come," the broker said."We were encouraged by the many opportunities to expand the business in the next few years."
lomax99
11/2/2020
18:00
Peel Hunt impressed with the presentation and emerged with their buy recommendation intact 1975p. [...] RM
rampmeister
11/2/2020
17:31
Thanks for link ihatemms and most illuminating. Seems shorters probems with their model have been answered in spades. I would have liked to hear the Q&A but maybe there were no questions. Onwards and upwards. RM
rampmeister
11/2/2020
11:23
Video of the Cap mkt day now up - 2 HOURS LONG - looks to be a big crowd of analysts there. hTTPs://www.futureplc.com/resources/#shareholder-information
ihatemms
10/2/2020
23:23
Hi all, A couple of days ago I recorded the attached Podcast with Peter @Conkers3. In it we discuss FUTR among many others. You can also find it on the 'Conkers Corner' channel on Apple and Audioboom platforms. You want number 16. Regards, WD @wheeliedealer hTTps://soundcloud.com/user-479955511/conkers3-wheeliedealer-coronavirus-impact-on-markets-tstl-mpac-song-futr-sdi-ixico
thewheeliedealer
10/2/2020
12:54
Berenberg on Friday kept its Buy recommendation on Future PLC shares and raised its estimates on the magazine publisher's earnings, despite its shares falling by 18% over the past week. Future shares were trading 5.1% lower in London on Monday at 1,186.00 pence each, and the stock is down 14% so far in 2020. Berenberg maintained its price target on Future shares at 1,830p. Future is the publisher of specialist magazine titles on subjects such as on video games and technology. The broker said Future's shares have pulled back amid concerns about its organic growth, mergers & acquisitions strategy, and cash generation. However, after reviewing those concerns, Berenberg said these are largely "unfounded, without context or, in limited cases, fair points that are well understood". In addition, Berenberg said Future's four-month trading update indicated that earnings before interest, taxes, depreciation and amortisation, as well as cash generation, were materially ahead of expectations. On Monday last week, Future said it had "strong" trading momentum in the four months to the end of January and anticipates results for its financial year ending September 30 to be "materially" ahead of current market expectations. Future added that audience members in its media division grew, and it has seen improved conversion of higher margin revenue in both e-commerce and digital display advertising. "We therefore reiterate our Buy rating and view this pullback as an opportunity," said Berenberg analyst Edward James. As a result, Berenberg increased its media organic growth forecast from 14% to 20% in Future's financial 2020, which translates into a 5% rise in its sales estimate for the entire group's annual sales. In addition, the investment bank increased its forecasts on Future's annual Ebitda by 11%. The estimates were raised for financial 2021 by 4%. "In the short-term, we believe there is a further 10% upside to our financial 2020 Ebitda estimates if the operating momentum in the media division continues for the rest of financial 2020," said James. In Berenberg's view, it is "likely" that Future will maintain its 10% organic growth run rate and that Ebitda margins will continue to improve in financial 2021 and financial 2022, versus consensus expectations for a material slowdown in growth and flat Ebitda margins in these years. "Once we add the potential for TI Media cost synergies to be pulled forwards and revenue synergies to be realised, we calculate that there is 20% and 30% upside to our financial 2021 and financial 2022 Ebitda estimates, respectively," said James. Last month, the UK Competition & Markets Authority said it is looking into Future's proposed acquisition of TI Media. In late October, the publisher had said it would acquire magazine printer TI Media - which owns brands including Decanter, Country Life and Horse & Hound - for GBP140 million in cash. The CMA is looking into the deal to decide if it constitutes a merger or not. If so, it then will consider whether or not the deal will "result in a substantial lessening of competition within any market or markets in the UK for goods or services." Looking ahead, Berenberg said it believes that Future's near-term share-price performance will largely be driven by changes in sentiment, but noted that these are "difficult to predict". By Evelina Grecenko; evelinagrecenko@alliancenews.com Copyright 2020 Alliance News Limited. All Rights Reserved.
m1das_touch
10/2/2020
11:45
Does anyone have the link to the video presentation to analysts from last week? I couldn’t find it on their website. RM
rampmeister
10/2/2020
11:24
Cash is king! Cash flow in 4 years to September 2019 from 2019 annual report Free cash flow (£million) 1.2, 10.2, 12.3, 49.7 Amazing growth and still only historic price/cashflow of about 24 at £11.80, with say 20% growth in line with forecast earnings the prospective pcf is about 20, very good value. Shorters can question earnings but can't argue with cash.
mog
07/2/2020
15:34
Good post Alphabeta4 - entirely agree. Half Year Results last year were out 17th May. Looking forward with interest to this years announcement.
fardistanthills
07/2/2020
15:15
Splendid S
sweenoid
07/2/2020
15:04
I've just spent 5 hours going through the report in detail. The key slides to me are 139-141 which can be combined with 46 and 48. Basically they show the existing business is dramatically growing digital advertising and e-commerce. There is a crystal clear definition of organic revenue showing recent acquisitions are excluded in the 11% organic calculation disproving the Shadowfall report: hTtps://dg876rejmw3ebkm51boa0sx2-wpengine.netdna-ssl.com/wp-content/uploads/2020/02/Capital-Markets-Day-Presentation-Feb-2020-FINAL-as-at-18.00.pdf Here's another question - if Future is buying poor acquisitions then why was the MoNa earnout payment accelerated?? https://uk.advfn.com/stock-market/london/future-FUTR/share-news/Future-PLC-Accelerates-Mobile-Nations-earnout-paym/80904194 Overall this looks to me to be an existing business improving EBITDA from shifting from print to digital and then further adding new monetisation channels via new websites, applying best technology from previous acquisitions then finally new revenue streams (such as Amazon eCommerce - slide 48). These are then combined with making acquisitions that it then applies best practice to. Combining these together it's winning in so many areas that no wonder it keeps beating annual expectations so early into the financial year. IMHO given the track record I wouldn't be surprised to see the 2021 eps end up around the 100p area for an effective forward pe of 12 at current prices.
alphabeta4
07/2/2020
14:51
Penny's gone in with £100k as well.
ihatemms
07/2/2020
12:00
After reading that presentation anybody shorting this stock must be absolutely barmy. How long before we get a short squeeze.
ihatemms
07/2/2020
11:51
Nice for Zillah to put her hand in her pocket again today even though she has already has 0.5m shares and also share options (not that I provoked her). Lol!
ihatemms
07/2/2020
11:10
sweenoid's link to the CM presentation from yesterday is the Feb '20 version and makes good reading. Out of interest looked at Cycling News on line having picked up view figure from Appendix in presentation. Clearly people 'on the move' with their smart phone can look at on line magazine while at their Costa break say, equally they can browse through the magazine at home separately. Not necessarily mutually exclusive. Magazines just part of the business I know.
cheshire pete
07/2/2020
10:03
Doh! apologies to all
ramridge
07/2/2020
09:54
Ramridge that's last years!
alphabeta4
07/2/2020
08:39
Video is now posted on youtube https://www.youtube.com/watch?time_continue=5513&v=mDHt-8LOUsk&feature=emb_logo
ramridge
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