Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Implied placing, I think. Article:
Franchise Brands FRAN on Monday said it conditionally agreed to purchase Hydraulic Authority I, which owns the European hydraulic hose replacement company Pirtek Europe.
The London-listed franchise business will pay 200 million pounds sterling and an additional 12.2 million pounds for cash, debt and working capital adjustments as part of the deal.
Franchise Brands plans to finance the acquisition using 110 million pounds of new bank debt facilities and at least 110 million pounds from an equity offering, which includes the placement of shares at 1.80 pounds apiece for up to 90 million pounds in proceeds.
The deal and the fundraising plan will be tabled for consideration of Franchise Brands shareholders during a general meeting scheduled for April 20.
Franchise Brands shares dropped nearly 2% at close of trading Monday.
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Thanks for posting - Watched it earlier. Would have been good to have had audience questions filmed as well to dig down on a few of the details. Otherwise a very bright future ahead if they execute to plan.
Franchise Brands (LON:FRAN) ?reported full year results yesterday, here is the presentation they gave to analysts at the LSE
Video: https://www.piworld.co.uk/company-videos/franchise-brands-fran-full-year-2022-presentation-march-2023/
Podcast: https://piworld.podbean.com/e/franchise-brands-fran-full-year-2022-presentation-march-2023/
Executive Chairman, Stephen Hemsley (ex Dominos Pizza) and Peter Molloy, Managing Director, B2B Division gave a very comprehensive presentation. The figures are strong with a big contribution from the 2022 acquisition of Filta, which was previously AIM listed.
?Revenue £99.2m +72%
aEBITDA £15.3m +80%
aEPS 8.38p +51%
Dividend 2p +33%
Net cash £8m
They run through each of the brands and go into detail on Filta. They plan to sell the B2C division; to grow the B2B division through cross-sell and upsell; to use technology to drive efficiency and continue to look for further earnings-enhancing acquisitions. Stocko is showing an upgrade to forecasts, yesterday.
Looking forward to a good set of results on Thursday as alluded to in the Q3 update.
This in my opinion is a prime takeover target for any company - Multiple Income generating companies in the irght field with a bright future and a strong balance sheet. I look forward to the imminent Trading update.
Yurt.F
Market is pricing at a very high P/E ratio assuming rapid growth to bring ratio down
Let’s see where get to in full year.
These are financially strong results indeed, but valuation is way too high if compared to their DCF.
They would need to triple net profits to justify sp (or show consistent growth).
Strong results and dividend up 50%
Lots of positive messages and growth opportunities highlighted as well
Hopefully will get reflected in share price
In depth interview with Stephen Helmsley well worth a listen to see the direction of Franchise Brands:-
https://inthecompanyofmavericks.com/episodes
Same, my shares have now appeared in my II account.
My new shares have arrived in my Halifax Trading account today.
Cheers, yes I was wondering if they are waiting for the 06.05.22 as they kept mentioning that as the final day. Wait until next week then.
I contacted iWeb who my Filta shares were held with, they told me the transaction date had been delayed until May 6th.Guess we just keep waiting
Has anybody received the shares from purchase of the Filta yet into their account?
Having met management team at investor show I think that growth potential here is strong so I continue to hold.
I had Filta and Franchise brands with Halifax, my Filta shares have now disappeared but my FRAN shares have not increases YET!! I’ll check again next week.
Has anyone received their Franchise Brands shares yet? I’m also unclear on the timing.
Further to my response this morning, I have just had a corporate action on my Halifax account and it states that the new shares will be processed on 11.04.22 after accepting the offer.
On the last announcement it states "Admission is expected to take place on or around 22 March 2022" and Filta shares to be suspended as of today. I see that Filta has disappeared on here from my quick pix section. I would expect the Filta shares to be converted to FRAN shares over the next couple of days?
Im a newbie and arrived here through holding Filta. I understand Fran shares are issued in place of Filta but I cant seem to find when this is or timescales?