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
  +28.00p +2.50% 1,150.00p 1,997,159 12:34:54
Bid Price Offer Price High Price Low Price Open Price
1,148.00p 1,158.00p 1,174.00p 1,128.00p 1,128.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 124.60 4.40 5.10 225.5 948.6

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Date Time Title Posts
24/5/201908:56a lot higher in the FUTURE?1,657
18/8/201707:59Views on long-term strategies for the times we're in1

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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 1,122p.
Future Plc has a 4 week average price of 819p and a 12 week average price of 720p.
The 1 year high share price is 1,174p 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 992,085 shares. The market capitalisation of Future Plc is £948,601,730.50.
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
tattooed93: schro der dumping 120p on way
hazl: I think,share price-wise it should gradually improve from here,going forward, now that its shown a turnaround in its financial position. imo
rossco: Excellent trading update with commitment to pay final dividend has put life into share price this week.
Future share price data is direct from the London Stock Exchange
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