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
  16.00 1.62% 1,006.00 462,710 16:35:21
Bid Price Offer Price High Price Low Price Open Price
1,004.00 1,008.00 1,010.00 971.00 990.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 124.60 4.40 5.10 197.3 830
Last Trade Time Trade Type Trade Size Trade Price Currency
17:12:03 O 1,399 1,006.00 GBX

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Date Time Title Posts
19/7/201916:46a lot higher in the FUTURE?1,775
18/8/201707:59Views on long-term strategies for the times we're in1

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Future (FUTR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-07-19 17:28:371,006.001,39914,073.94O
2019-07-19 16:15:00973.50126,3211,229,734.94O
2019-07-19 16:13:041,006.001,33513,430.10O
2019-07-19 16:04:171,006.051,75517,656.09O
2019-07-19 16:02:561,003.313,60536,169.18O
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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 990p.
Future Plc has a 4 week average price of 875p and a 12 week average price of 819p.
The 1 year high share price is 1,250p while the 1 year low share price is currently 369p.
There are currently 82,487,107 shares in issue and the average daily traded volume is 459,754 shares. The market capitalisation of Future Plc is £829,820,296.42.
ihatemms: Scsw took a partial profit after a stellar rise. Still holding 2/3 of original purchase. Also took a partial profit in another fantastic company -IGR- nothing wrong with that brilliantly run company either. The share price is almost double what it was at the beginning if the year- there’s a lot more to come.
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.
1squintyflinty: This could be another Games workshop in terms of share price appreciation
alphabeta4: IMHO it's a bit more complex than that - rights issues are effectively similar to placings in that it is upping the number of shares in issue (ie supply) to raise funds, in all but a minority of cases this is at a discount to the current share price. As I type the market has viewed c8% as a fair discount.
whymps2: Nap. Are you implying the negotiations 'got out' and lead to the share price fall? I'm not sure why, even if the news did leak, that a share price fall would ensue? I think there's been a large insto seller (s) around for months and they're selling due to the v significant share gains in the last 12 months.
bigbigdave: A little-known publishing house offers the investment “holy grail” of organic growth, improving profit margins and the opportunity to make lucrative acquisitions, according to one experienced smaller companies fund manager. Even more enticingly, a lingering aversion to the stock among some investors, born of its previous involvement in a type of magazine that fell spectacularly out of favour, has resulted in an undemanding valuation. The firm is Future, which is perhaps best known as the former publisher of “lads’ mags” such as Loaded and Nuts. Richard Power, who manages the Octopus UK Micro Cap Growth fund, said Future was well on the way to recovery but its prospects were not fully reflected in the share price. “We tend to be focused on growth stocks but this is a turnaround situation,” he told Questor. “The new management team inherited a company with significant problems, including debts and the legacy lads’ mags arm. It is one hell of a job to turn around its finances and make the company relevant to today. “But we always look closely at management teams and Future is now led by Zillah Byng-Thorne and Penny Ladkin-Brand, who in their time at Auto Trader were successful in driving profit margins to more than 50pc. “Under their stewardship a number of things are coming together at Future: they have sold a lot of non-core assets – although they have also had to sell some good-quality ones to cut the firm’s debt – and have now achieved the holy grail of organic growth, better margins and ability to make worthwhile acquisitions.” Power said the firm’s strategy was to drive its business online. Its focus on specific sectors such as technology, gaming, music and photography gave it access to a keen online audience ready to click on links carried on Future’s online coverage and buy advertisers’ products – with the publisher taking a cut. “It has also acquired the ‘home interests’ division from rival group Centaur. It will put these home improvement titles through its model and start to drive margin expansion,” he said. The figures show the extent of the new team’s achievements so far, he added. Turnover has risen from £59m in 2016 to £84.4m in 2017 and a forecast £91.7m in 2018, while profit margins (on an “Ebitda” basis) are expected to reach 18.3pc this year, from 8.8pc in 2016 and 13pc in 2017. “They should then rise further to more than 20pc,” Power said. “The impact on earnings per share will be substantial and the firm should go to a net cash position soon, with a return to the dividend list likely this year.” He said the firm’s ambition was to double in size over the next three years or so and that as a result he was comfortable with the shares’ price to earnings ratio of about 18. “You are backing a duo with a tremendous track record. They are very clear in their ambition to build a substantial business,” Power said. “We came to this story later than we would have liked – we met them only last year and it was clear that they had a strong understanding of their market. "Before that, in our minds, the firm was struggling – investors do sometimes focus on the sins of the past. It’s also easy to think that a turnaround has already happened and you’ve missed it but they have built a platform for growth.” Questor says: buy Ticker: FUTR Share price at close: 382p
lomax99: Edison comment: Future’s capital markets day (CMD) focused on its opportunity to grow brand reach globally, together with demonstrating the scalability of its platform to deliver that growth. There are particularly attractive prospects in the US market, where media revenue per online user is significantly less than it is in the UK. Our forecasts are unchanged at this point, but the emphasis on closing this revenue gap points to further strong growth potential. Management has an impressive M&A record, adding assets and driving returns on the brands. Progress has been reflected in the strong share price performance, but we still consider that the current rating does not fully reflect the opportunity. Narrowing the revenue gap The CMD covered in some detail the technology infrastructure that the group has put in place to support the expansionary strategy. Operational management also outlined the ways that the group’s content is tailored to satisfy the requirements of demanding audiences and to deliver commercial revenue streams in advertising and in e-commerce. Adding e-commerce is accelerating the financial return on the Home Interest portfolio purchased in July 2017. The greatest opportunity, though, is in building up US e-commerce revenues. Future’s brands reach a global online audience of 57m, of whom 40% are in the US. However, the region only represented around 16% of group revenue in FY17. Media revenue per online user in the US of £0.73 is a long way short of the £1.79 earned in the UK. Fast integrations, strong cash discipline Our outlook note (November 2017) examined recent acquisitions, highlighting how quickly they have been integrated. The disciplines established for bringing acquired businesses across onto Future’s strengthened tech stack are now well established and allow additional monetisation channels to be operational and contributing to earnings at an early stage. With the heavy lifting on systems complete, and with the changing revenue mix, the cash profile is strengthening. Our model indicates Future moving into net cash (barring acquisitions) by end FY19. Valuation: Further upside potential The shares have performed strongly, more than doubling over the last year, as the implementation of management’s strategy has translated into good financial performance. Although our forecasts are not being reviewed at this juncture, it is clear that there is good momentum behind rolling out best practice in e-commerce globally, which should then come through in the financial returns.
lauders: Famous last words tattooed93 but the share price currently seems to be going the opposite direction to what you are "hoping". What a shame ;-)
tattooed93: If Schroders carry on selling then 120p target quickly they still dumping
Future share price data is direct from the London Stock Exchange
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