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Started: schjmh, 10 Apr 2024 18:17
Last post: schjmh, 18 Jun 2024 17:09
Top end of expectations and the share price has dropped nearly 12% since the announcement :-/
Top end of expectations and an explanation for results delay, clears things up.
I messaged Franchise Brands again on Monday and got a response from Mark Fryer (CFO) and he stated
"I apologise for the delay. We will provide a notice of the date of the results, which are expected to be announced in June, in due course. The results are later this year as, following the acquisition of Pirtek last year we are a significantly larger business (known as an Other Public Interest Entity), requiring a Tier 1 audit which takes longer to complete, particularly in the first year of classification."
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?
Started: Telf, 1 May 2024 11:12
Last post: schjmh, 9 May 2024 21:19
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.
Started: piworld, 27 Feb 2024 10:05
Last post: piworld, 27 Feb 2024 10:05
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/
Last post: Troajan, 27 Nov 2023 16:21
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?
Started: oldbutnowisa, 5 Oct 2023 19:16
Last post: oldbutnowisa, 26 Oct 2023 14:56
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.
Started: piworld, 28 Jul 2023 11:12
Last post: piworld, 28 Jul 2023 11:12
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/
Started: schjmh, 24 Jul 2023 14:14
Last post: schjmh, 24 Jul 2023 14:14
Interim results due this week, see what happens when they are published
Started: Telf, 12 Jul 2023 09:44
Last post: schjmh, 12 Jul 2023 11:15
Not sure what’s going on…big drop yesterday and today?? That Pirtek purchase has floored the share price..just not recovered since.!
Does anyone have any insight into the big sells going on today? Acquisition problem rumours?
It's a long wait till the Interims on 27th July.
Started: schjmh, 4 Apr 2023 09:31
Last post: schjmh, 4 Apr 2023 09:46
Cheers Senza…hence the drop to 180p
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.
??
Started: piworld, 10 Mar 2023 15:04
Last post: 40plus, 10 Mar 2023 16:38
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.
Started: jjhotelier, 6 Jan 2023 12:28
Last post: jjhotelier, 6 Jan 2023 12:28
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.
Started: Troajan, 28 Jul 2022 22:13
Last post: Troajan, 28 Jul 2022 22:13
Started: Theanalyzer, 26 Jul 2022 08:24
Last post: Theanalyzer, 26 Jul 2022 11:37
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
Last post: Troajan, 26 Jul 2022 10:06
Started: 40plus, 1 Jul 2022 11:22
Last post: 40plus, 1 Jul 2022 11:22
In depth interview with Stephen Helmsley well worth a listen to see the direction of Franchise Brands:-
https://inthecompanyofmavericks.com/episodes
Started: IantHarper, 24 Mar 2022 08:05
Last post: tommy15, 29 Apr 2022 14:10
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?
Started: Theanalyzer, 26 Apr 2022 09:32
Last post: Theanalyzer, 26 Apr 2022 09:32
Having met management team at investor show I think that growth potential here is strong so I continue to hold.
Started: Troajan, 23 Mar 2022 15:13
Last post: Troajan, 23 Mar 2022 15:13
Started: Theanalyzer, 3 Mar 2022 07:45
Last post: Theanalyzer, 3 Mar 2022 07:45
Some strong positive messages around future growth prospects across the business and benefits of operational gearing.
Digitising all aspects of their services isn’t available to many of the smaller operators so will give FB a competitive edge over their rivals.
Last post: Troajan, 19 Feb 2022 08:59
Started: Troajan, 5 Jul 2021 22:33
Last post: Troajan, 29 Nov 2021 16:51