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Cheers Telf, I emailed Fran direct but never had a response so emailed their PR company and got the same response. I think that is very poor that I didn’t even get a response direct from the company and still no updates as to when the final results will be released.
Typical of an aim listed share, no explanation for no results schedule. Thought this company had a bit more about it than the usual aim dross.
Can only assume its taking longer to pull in the figures from pirtek etc, but then again who are we to question 🤔
Schjmh,
I contacted their financial PR team and got this back a couple of days ago:
"The company will announce the date on RNS in due course, so do look out for this Notice of Results announcement."
Chocolate teapot, but at least they replied.
I'm waiting too, and get suspicious of delayed results. Hope it's worth the wait.
Anybody know when the final results are being published...they were out on 09.02.2023 last year. but can't find any dates listed of when the will be out this year?
Franchise Brands, an international multi-brand franchise business, hosted a Capital Markets event for analysts and investors on the 20 Febuary 2024. Executives and operational management provided an overview of the companies divisions and outlined their plan for growth.
Watch the video here: https://www.piworld.co.uk/company-videos/franchise-brands-fran-capital-markets-day-february-24/
Or listen to the podcast here: https://piworld.podbean.com/e/franchise-brands-fran-capital-markets-day-february-24/
Https://www.proactiveinvestors.co.uk/companies/news/1034357/franchise-brands-aiming-for-1bn-market-value-says-stifel-1034357.html
just volitility alessandro....it happens on a;ll comps
What is causing the price falls of the last few days?
Not so crackers! I put these in my Watchlist because this market is terrible and sure enough, I was right, Even if something screams out Buy NOW! I am cheap, you have to still ask will it get any cheaper and Why buy now?
Concept here is good but not if nearly everyone is behaving hourly like Scrooge!
The market Cap of this was over 300m back in April and that was before the Pirtek purchase and now they are worth much less - crackers!
....and added to my Watch List. Expanding fast but not sure this is clever at this stage of the economic cycle. On the other hand. the SP is near its recent low so worth watching, remembering the old adage 'Buy when everyone is selling'.
I guess if a director yesterday bought 150,000 shares @ 132p Franchise might have a future..My selling out of good results but 52 week low got the better of me and sold at a big loss.
Glowaki, I thought I recognised the name. I just bought PODP today. Think its a similar set up, though the results were poor (unlike FRAN). Still being backed by EDF and L&G there is no way it wont go higher. Likely another take out IMO. I'm hopeful of doubling my money there, relatively quickly.
That is frustrating. But if you have the will power to sell, you have probably avoided many other disasters.
After we heard the results, I was not phased by the falling share price at all. I actually thought the price was being manipulated down, and I bought twice. They say picking bottoms is a fools game, but it seems to work for me.
I still think its a good buy at £1.50, but its probably less appealing if you have exited.
I was out and about last Saturday and saw a Pirtek branch, never noticed them before. I honestly think I will hold this for a long time, it will either get bought out or start to throw off free cash significantly. The BOD may still sell the B2C division which will reduce the debt down, and frankly is small fry compared to what else they have.
I held for 4 months and got sick of it going down each so sold yesterday for a loss..The very next day,up goes the SP by a huge amount...Ho Hum!!!
Bought some more yesterday at 131. My only regret is not having bought more! There seemed to be a transfer of 3.3M shares printed yesterday, might see updated holdings. Perhaps suggests there was a seller causing this recent price weakness.
stephen hemsley, executive chairman, peter molloy, ceo, b2b division, jason sayers, ceo, filta international and alex m****t, ceo, pirtek europe present interim results for the six months ended 30 june 2023.
watch the video here: https://www.piworld.co.uk/company-videos/franchise-brands-fran-interim-results-presentation-july-23/
or listen to the podcast here: https://piworld.podbean.com/e/franchise-brands-fran-interim-results-presentation-july-23/
At the end of the day, its a poor yield isnt it. I think it was an easy short, and from my studies, you will find this short (if it was to close) will be a few days after the results. Look at APH, I am nicely up there now. These are the companies to own IMO, I would be sick if I missed a take over at +50% on either company. The results were very good as it happens, and in my criteria, all they need to do is tell me that it a safe investment. I love buying off the lows and waiting. If I get the chance I will take some more, just like I did at APH (46p was my lowest largest buy). Bet we see director buys next, they will want to average down!
Well, I guess no one else thought they were a decent set of results!
I bought a few when it dipped below the placing, but it was a small amount by my standards. I think this has been shorted down to this level (I see stock on loan). My timeline here is 12 months, and I think we could well be around £2.50+ by then. But as I pointed out, PE could buy this and split it up and make a good return. I am happy to buy at what must be the bottom or near as. I think 2023 is about building a quality pf, to enjoy the rewards over the next few years.
Smart investing by not chasing the price up Dartron!
Seemed like a decent set of results, hopefully it will somewhat halt the decline, but I'm not sure they are good enough to really set the SP on fire atm.
GL
Results are better than expected, interim dividend was raised by 11% to 1.0p.
System sales increased by 81% to £146.0m (H1 2022: £80.6m).
Statutory revenue increased by 57% to £69.8 million (H1 2022: £44.5m).
Adjusted* EBITDA increased by 67% to £12.1m (H1 2022: £7.3m).
Adjusted profit before tax increased by 45% to £8.6m (H1 2022: £5.9m).
Adjusted EPS increased by 4% to 4.24p (H1 2022: 4.07p) and by 10% on a consistent tax basis.
Broker note from Allenby maintaining their target of £3.30p per share. Therefore possible 100% gain over next 12 months.
I wanted to buy shares in this company late 2022, but I just missed it as it broke out over £2 and I decided not to chase it. Very happy with an average here of circa £1.50, now back to £2 please!
FRAN market cap - £285.83m
Recent purchase of Pirtek for £212.2m
Does this value the other parts of the business at ~ £70M
For that you get:
ChipsAway, Ovenclean and Barking Mad (proposed sale of the B2C division expected to raise a minimum of £25m)
Metro Rod, Metro Plumb and Kemac (Metro Rod purchase price £28M)
Willow Pumps (price around 10M)
Azura (1M software company)
Filta Group (purchased at £49M)
I would have thought the sum of parts valuation is way higher than the current mcap. The EPS has increased year on year reflecting that the purchases above have all added value and grown in their own right. This looks like a great opportunity for investors and private equity. PE could buy this and split it up, probably make 20 - 30% ?
Interim results due this week, see what happens when they are published
Not sure what’s going on…big drop yesterday and today?? That Pirtek purchase has floored the share price..just not recovered since.!