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 Shares Traded Last Trade
  -52.00 -2.76% 1,832.00 585,915 16:35:29
Bid Price Offer Price High Price Low Price Open Price
1,818.00 1,822.00 1,900.00 1,754.00 1,898.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 221.50 12.70 9.90 185.1 1,796
Last Trade Time Trade Type Trade Size Trade Price Currency
17:47:29 O 755 1,795.881 GBX

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Future (FUTR) Discussions and Chat

Future Forums and Chat

Date Time Title Posts
16/9/202011:03a lot higher in the FUTURE?2,354
26/7/201912:02Views on long-term strategies for the times we're in2

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Future (FUTR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-09-21 16:47:301,795.8875513,558.90O
2020-09-21 16:47:081,795.882,00636,025.37O
2020-09-21 16:44:091,809.711,01218,314.30O
2020-09-21 16:43:031,794.462,12738,168.25O
2020-09-21 16:43:031,834.482,81651,658.98O
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Future (FUTR) Top Chat Posts

Future Daily Update: Future Plc is listed in the Electricity sector of the London Stock Exchange with ticker FUTR. The last closing price for Future was 1,884p.
Future Plc has a 4 week average price of 1,424p and a 12 week average price of 1,140p.
The 1 year high share price is 1,944p while the 1 year low share price is currently 489.50p.
There are currently 98,014,837 shares in issue and the average daily traded volume is 346,460 shares. The market capitalisation of Future Plc is £1,795,631,813.84.
alphabeta4: Well, £14 share price 21st February + 5 months organic growth + 5 months cash generation + 2%? ahead of consensus statement = £13.64 as I type. Should be north of £15 IMHO but happy to wait. If like last year today's statement will be the foundation for a larger beat ts in early Sept.
albert zog: Why is this company pumping out so many updates ? Seem obsessed by the share price. Why did the Directors sell shares at 1400p. Whole thing stinks
ayl30: Interesting share price went up 20% in last two hours yesterday, someone got wind of RNS?
ramridge: lomax - in your opinion, what is the likely impact of CMA decision going against FUTR? and on the share price?
lomax99: Questor: our most successful stock comes under attack. What should we do in response? Shares in Future, the publisher, have gained 273pc since our tip but a ‘short‑seller’ says they are overvalued Someone is not impressed by Questor’s most successful stock tip of recent years. Future, the magazine publisher whose shares have gained 273pc since we recommended them two years ago, has attracted the attention of a “short-seller”. ShadowFall, a London-based investment firm, has declared itself to be “short” of Future’s stock, which means it will profit to the extent that the company’s share price falls. It has published a lengthy document that sets out why it thinks Future does not deserve a stock market value of £1.5bn, the figure it had reached before ShadowFall went public with its dossier. The document is couched in somewhat technical language so Questor asked its author, Matt Earl, ShadowFall’s managing partner, to explain his misgivings about Future. “The company has grown by making a lot of acquisitions and it has tended to pay 1.2-1.9 times the sales of the businesses it has acquired,” he said. “But shares in Future have been trading at about seven times sales.” The only way the latter valuation can be justified, he said, is if the disparate parts can be melded together into a growing, cash-generative business. “We think the market is pricing in tremendous optimism about this,” Mr Earl added. He said his research indicated that what he called one of Future’s “pricier”; acquisitions, Mobile Nations, had suffered a 50pc fall in website traffic over the course of a year, while the value of another, Purch, had been written down by about £40m after its acquisition. “It sounds like Future has overpaid for Purch. This calls into question its acquisition-based strategy,” Mr Earl said. He also questioned Future’s reported 11pc in organic growth for 2019 and described sales by executives of their own stock after they had asked shareholders to fund an acquisition as “a slap in the face” for investors. “Future’s management have largely cashed in,” he said. “The firm just keeps buying more and more businesses and in my experience this approach never stands the test of time – you rely on the next acquisition to sustain growth and meanwhile you need to make a success of the previous ones.” Future declined to comment on the allegations. However, Richard Power of Octopus Investments, whose holding in Future prompted our original tip, said he was sticking with the shares. “We have taken some profits over the past six months as we need to manage the size of the holding,” he told this column. “However, it remains a top holding. We were delighted with the brief trading update on Monday. The management have a strong track record of upgrades following acquisitions.” But we are going to take a safety-first approach and bank the very handsome profit we have made on this stock. We have the highest regard for Mr Power’s skills as a fund manager and we are not saying he is wrong about Future; ultimately it is a matter of opinion and interpretation. But he is a human being and therefore bound to see the positive side to something he has committed to and be disinclined to accept the analysis of a short-seller that has a financial interest of its own. Overall our feeling is that ShadowFall’s attack, whether justified or not, will linger in investors’ memories and that the share price will therefore struggle to make meaningful progress from here. And banking so large a profit can hardly be imprudent. We advise readers to watch this one from the sidelines and sell. Questor says: sell
lomax99: Peel Hunt: Future at attractive entry point Media group Future (FUTR) may have come under pressure from short-seller Shadowfall but Peel Hunt says it is ‘materially ahead’ for 2020. Analyst Jessica Pok retained her ‘buy’ recommendation and target price of £19.75 on the stock, which has come under attack from Shadowfall, which criticised the group as ‘a collection of generally low quality, often distinct and shrinking assets’ and accused Future of overstating its revenue growth. However, a subsequent trading update has buoyed the shares, which rose 4.1% to £13.32 yesterday. An update for the first four months of the year was ‘materially ahead of market expectations’ according to Pok, who is looking to increase earnings per share forecasts by 10%. ‘Future’s share price has been weak recently; we believe this is an excellent entry point to a stock which is set to deliver an earnings per share compound annual growth rate of over 30% for the next three years,’ she said.
squitter: @sweenoid - if I rightly remember, Future's CEO and CFO took a week to respond to the Stockviews report, that saw the share price nose dive in June/July. When it did come, it was a fairly robust statement of Future's solid financals, no rebuttal as such. I'm expecting the same thia time - Zilla will probably only address this at the AGM, not before.
ramridge: Don't underestimate the impact of the Shadowfall report. Whether it is right or wrong doesn't matter, it is the perception that counts. Look at past experience. IQE's share price now is some 35% of its value when Shadowfall first published their report. First Derivatives? 68% Burford ? only 38% All that despite massive publicity and threat of litigation by the companies to prove them wrong. So FUTR holders, I would learn from this and decide what to do next. Right now the share price is 15% down. Declaration: I am neither short nor long, thanks g*d.
napoleon 14th: If you want to pull focus on FUTR, try a 5 year log chart... All that happened is that the spike was pulled back to the resistance of its' rising trend channel. Zillah's note highlights the inconsistancy in the statistics used by tin-pot operator Stockviews ( it is useful to check them out & their accounts! ). She also refutes the general bias of that note. As this came out yesterday it has done the rounds, so I'm showing a few quotes: ( I repeat - check out the 5 year log chart of FUTR's share price ) 1. The chart used in the note starts in Nov 2019 which is the annual peak of traffic typically, it is not a yoy number and therefore misleading 2. We are doing the exact opposite of the implication in the note, which is investing in a better tech that is faster, safer and less monestised than the legacy Purch brands. 3. Our acquisition model is based on acquisitions where we can add value so we’re looking for EBITDA and cash growth more than revenue growth. We are just not sure how they get to this position. Whilst we have sold two of the loss making / non core brands within Purch so have reduced proforma revenue, we are expecting to roughly double the $10m proforma of acquired EBITDA as a result of improved websites, improved ad stack and back office efficiencies. This is materially enhancing for shareholders. 4. "Historical organic growth may be overstated. " We strongly refute this point – this is a difference in methodology rather than accuracy. We provide an organic growth number which shows LFL for the periods under our ownership whereas the calculation provided shows a comparison before we owned it and with inconsistent periods so I don’t think this calculation is correct aside from the difference in methodology. We are aiming to provide the most representative view to shareholders so we included the print acquisitions in the organic number to ensure that the decline in print revenue was reflected, hence the inclusion of the two FY17 acquisitions. 5. "Strong ageing of receivables that are more than 30 days overdue in FY18 is red flag; provisioning has not kept up with the increase" - Stockview I’m not sure what this is a red flag of. We had some indigestion with the absorption of 2 opening balance sheets last year but the chart is inaccurate as shows provision as % of overall debt rather than provision as a % of overdue debt – correcting the chart to reflect the title would show that we have a provision of 22% our overdue debt which is higher than the historic norms and the IFRS 9 calculation suggests. If anything the anomaly is the 2017 when the provision was 50% of the overdue debt, 20% of overall, which was a bit on the cautious side. ______________ Zillah's answer shows a lot more focused professionalism and knowledge of the facts than Stockview is so obviously missing. I repeat - if you want to focus on reality, check the 5 year log chart of FUTR's share price. You will see this week's fabricated hiatus was just the minor pullback of a spike/breakout, back to the resistance within a strong rising trend... The timing of Stockview's attempt is no coincidence. FUTR joins the FTSE250 today. 5 years ago it was a minor magazine publisher. They have got something right, haven't they?!
napoleon 14th: N+1 Singer on FUTR this a.m. Track record remains excellent – upgrade momentum strong The track record of performance has been both excellent and consistent. The strong fundamentals of the business model and management execution have transformed Future radically. Revenue mix is now dominated by growth Media and Magazines is being managed to optimise returns as the market continues to change. Critically the model focuses on the future exploitation of the brands and content. Short term and long term changes continue to help drive the performance record. We maintain our positive stance on the likelihood of this continuing with the proven management team. The Company signalled in its results statement that trading was ahead of expectations. In response we raised FY19 and FY20 EPS by 10.5% and 6.2%. Our 3-year EPS CAGR rose to 26.8%. Valuation now back in attractive territory We expected the rating to progress towards 20x EV/EBITDA (for our target FY20 year this implied 1132p) and it did very rapidly. The share price briefly even exceeded our FY21 based valuation of 1230p. It now trades on just 16.3x/14.5x for FY20/FY21. At this price level we see risk of selling a stock with a consistent record of outperformance and upgrades. Share price weakness driven by concerns we do not share The market has been concerned about several issues raised. We do not share these concerns. Most appear orientated around what could go wrong and normal items to monitor (audience growth, ARPU, etc.), whilst others are about standard investor decisions about the inclusion/exclusion of exceptional and share based payments in profit measures as well as the Company calculation of organic growth (a robust methodology in our view). Future’s shares have eased back to 970p after an incredibly strong run (from 845p to 1250p/+48%) in response to the Interim results. Arguably the shares had got ahead of themselves, but are now looking good value again from a near term perspective and for the long term. Execution momentum has remained very strong and with our forecasts positioned conservatively we see the probability of upgrades as high. We reaffirm our strong view on the fundamentals of the Future model and the significant scope for material improvement with the existing asset portfolio and to add additional assets over time that Future can apply its proven enhancement skills to. Those who have missed out or wish to bolster their positions should take advantage of this weakness before the next news flow (September or possibly earlier) in our view.
Future share price data is direct from the London Stock Exchange
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