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Big drops across the board and as far as I can tell not directly related at Future. Anything around 600 p is a bargain price for me.
Another 6 percent fall on no news and low volume. Shorters have done well. But our PE is less than 9 and FCF yield is 18 percent now. A bid would not be a surprise at these levels tbh.
I think any pain is already priced in and overdone! Mw agree very painful atm I'm nursing a heavy loss atm but I like the company and the brands. Personally I have no issue with websites and enjoy the content. Problem with SP was the timing of Zillah's departure and the economic climate. Spielberg has big shoes to fill but I'm optimistic in a year or so time I may be heading in the right direction and showing a profit. Long term holder so patience is key but I do understand your frustration. GLA
As ive said mwilliams (as someone long here)....the complexity of this business has only become more and more apparent. so many moving parts and potential pitfalls / risks...not helped at all but the sluggish consumer environment right now, particularly in tech and gaming.
i think in all honesty this could be a very long road, but a very rewarding one if a few things go right from these levels.
key is the company avoiding any downgrades this year; unfortunately, if that happens, short term this could be extremely painful as market is very concerned about structural risks to the business with AI/ChatGPT etc. And those risks...are not unfounded because quite a bit of future's content is actually pretty factual (i.e. laptop / gaming reviews...ChatGPT can do a very good job of getting people to the same answer...and it doesn't help that Future's websites are of poor quality IMO).
difficult one.
This is beginning to get on my nerves. Am hoping final results show some slight improvement and some news on strategy soon!
Ggrantsu: re: your opinion on the websites, perhaps true for someone with a critical eye but less so for the majority of users. In any event websites continually need to update to keep ahead. True for any business but especially likes of Future.
I saw the Go.Compare hoarding at the end of the player's tunnel at Cardiff Stadium on Saturday morning on the BBC.
Good positioning and I wondered at the time how many people it would remind to get their comparison quotes done.
I noticed that the share price didn't drop as far on the latest down leg. I bought some previously at 6.26 when it was on the way back up so that stuck in my mind. Are there any seasoned charters on here that can add their view?
There is a lot of moving parts at this company atm...the AGM was an awkward experience with mgmt looking very very dismal and not engaging at all with each other.
i think over long run it will recover under steinberg, but not burying my head in the sand. it is a business facing not just cyclical headwinds, but potentially very severe structural ones. the hedge funds, of which there are now a good few, shorting this will have done their homework and unfortunately now I possibly think that they may have found something the rest of us don't know about. if i were to guess...its the fact they will be able to pay 250k or whatever for granular website traffic analysis...and potentially this has shown them weakening audience trends/time spent on websites etc...i have to say, post buying the share was when i really went through the websites and I was quite shocked at their poor quality e.g. Toms Guide or Tech Radar...they are truly awful.
we have to hope steinberg is the man to turn things around.
Puzzling indeed, especially when you consider that advertising is one of the first sectors to pick up following recession, albeit the one we haven't quite had yet.
I am totally bemused also.
Why are they increasing at this level? I dont get it. 150-160m FCF, 760m MCAP, 4xEV/EBIDTA. Is Future a junior miner?
This seems to be recovering after hitting their price target again. Wonder if they’ll upgrade?
Being played like a fiddle this, no material change to guidance and a nigh on 10% drop. Pretty much the same scenario on all my UK holdings no wonder the LSE is lagging behind worldwide markets just a playground for Shorters and Hedge funds.
In the absence of any change in guidance, the 4 active shorts are weighing on the share price I suspect. Given there’s been no deterioration in trading (collectively across the different units at least), I’m comfortable gently adding at these levels.
Think it’s time will come again when macro improves.
Update: "JPMorgan cuts Future price target to 1,530 (1,555) pence - 'overweight' "
That's down from previous ratings, but still much above where this is right now.
I am fine to hold with that update. Not sure what the shorters are clinging on to.
Trading well - precisely as expected
(;´_ゝ`)
Another short has opened yesterday. It is a bit worrying now. AGM trading statement next week, fingers crossed.
Amazon are closing their UK insurance site. This negates the threat to GoCompare market share that had previously been anticipated. This can only be good news for the share price. Expect to see a positive move after US investors get a wind of this.
Shorters and algos are in action again today.
It looks like a large SI trade went through at 09:17 for 20,698 shares at price of 790.00, although the reporting of the trade may be suspect. Is someone in the know about a possible shift in attitude. Any thoughts?
Nice rise today. Shorts closing, institutions increasing or bid coming?
Hi fella, there is high price volatility at the moment.
Can't tell if its going to drop to 600 or rise to 1000. Moves on the sniff of a f art at the moment.
The average consensus is around the 1000 mark so it may start to head back there, but who knows.
I'm considering this one.
This is way too cheap at these prices.
What am I missing?
Its a quant fund so not worried...surprised they are opening at these levels...but its systematic mathematical rules based fund.
peel i think released a new buy upgrade today...so assuming that is causing the uptick.