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So with 230-240m EBIT it is valued 700m right now. I thought LTG was cheap (98m EBIT 600m MCap), but I need to reconsider it after this fall.
Bought some at 6.01. Not too much but it’s a company I’ve been looking into and forward P/E still looks attractive even with single digit growth on revenues.
Knowing my luck shorts will take this down further however I’m confident that U.S will recover due to market size. U.S is only around 1/3 of revenues so there could be some good growth to come if it can steady it’s ship.
As suggested price has rebounded. The brave have probably made over 10% in less than an hour. This was a unique trading play.
Very odd, would be keen to hear why that was not as expected unless CFO departure spooked some..markets are acting very oddly
Whats wrong with "in like Fl-ynn"? They've starred it out.
in like ***** i would think before the shorters start bagging their multi million pound windfall (100% gain leveraged for some).
Panic setting in. Would not be surprised to see this rebound later today or tomorrow. Could be a buying opportunity. But only for the brave!
Was stalking this and had offer of 523, darn, but may be a lower entry once the dust settles.
Inline with underlying operating profit guidance lol, P/E of 4 with forcast growth?
You were bang on. Currently looking at c.-37.50% over 1 month, c.-25% this morning. Quite the plummet when many shares are considerably up over the past month.
If outlook for FY24 is negative then we may see some new 1yr lows on share price.
Honestly the company should be using cash to propel further growth via acquisitions instead of doing buybacks and divis.
It will be back up tomorrow. 1200 in Q1
Just confirms to me why rhese Broker ratings are a farce. Canaccord downgrade a massive drop, JP Morgan price target dbl the current SP and still a further drop. Complete joke.
J P Morgan wade in with a price target of 1685.
Meanwhile, Canaccord, Jefferies and Qube have initiated a sudden drop in the share price with their ultra low ratings of 758 and 730 and increasing short position respectively.
Share price is rocking up and down by as much as 20% in a day, this is madness for any company, a steady ship is desirable.
Maybe we'll see the end of it when the official figures are published tomorrow.
Just to add an additional note to be fair, particularly to new investors, I may have purchased shares in the company so any rise in price would be to my benefit.
This is why you should do your own research and at least look up the link posted previously to check that it really exists.
You may have to register with Simply Wall Street to view the page, but it is "free" to do so, where "free" means that there is no cost to you, but the proprietor may benefit from your registration in some way.
I have no personal gain to be made by you registering with SWS, nor do I have any reason to believe that registering will be in any way detrimental to you.
As you say, Canaccord do not mention that, according to Simply Wall Steet, Future is good value based on its Price-To-Earnings Ratio (8.5x) compared to the peer average (10.7x).
Also, using their discounted cash flow model, Future is trading at 73.4% below their estimate of its fair value, where fair value = £31.77, compared to current market price (£8.46 at time of review).
Link: https://simplywall.st/stocks/gb/media/lse-futr/future-shares
As you say it looks like a weighted opinion to me that is aimed at benefiting companies that hold short positions. I wonder how much illegal activity is going on below the radar: should the FCA be looking into this, I wonder. After all, this is not the first time that they appear to have done this.
On Thursday Future should simply confirm the position that they have already disclosed to the market and any positive news on top of that will be a bonus. Any substantial negative news should already have been disclosed by the Directors.
Furthermore, Canaccord's "thin air" speculation doesn't give any air to the possibility that the company may be outperforming its peers.
Barrel of rotten apples, I think, the lot of them.
(all imho!).
Inflation has come down, central banks have paused rate hikes and unemployment remains at historic lows since 29 September AND the market listens to Canaccord?? Pathetic. Loading up all the way to the 30's and beyond.
FUTR (£8.51) is trading below our estimate of fair value (£31.89) (SimplyWall.St)
RNS 29 September 2023
Future plc
Full-year trading update
Trading in line with expectations
Future plc (LSE: FUTR; “Future” or "the Group"), the global platform for specialist media, today
provides an update on its performance for the year ending 30 September 2023.
Adjusted operating profit is expected to be in line with the Board’s expectations*, delivering a resilient performance despite continued macroeconomic volatility impacting our sector.
Audience numbers have stabilised in the second-half and the Group has had positive month-on-month momentum in the final quarter.
However, overall trading conditions remained mixed, with challenges in consumer spending and the digital advertising market. As a result, Advertising and Affiliates product trends are broadly in-line with the first-half, as expected, despite a robust Prime Day in July. Go.Compare (price comparison) revenue has accelerated in the second half, reflecting favourable market volumes with consumers looking for value. Magazine revenue has remained resilient.
Foreign exchange has been a headwind in the second half, given currency movements in the period.
Future will announce its full-year results on 7 December 2023.
* Company compiled consensus for adjusted operating profit is £254.1m
Potentially the start to a bigger dip. Typically the few days after a broker recommendation funds start to adjust their positions. I don’t expect too much of a dip as they aren’t a large rating agency however hoping to pick up some cheap shares next week.
I checked out the reviews on Canaccord, glad i don't use their services! Confuses me why these broker notes cause so much sway with the SP they are rarely correct and geared more to their own agendas imo.
Canaccord is one opinion. They will eat their words on December 7th.
"A range of brokers provide their opinions on whether you should buy, keep or sell based on the share’s current value. These opinions are from independent brokers, not Barclays and the data is collated and provided by Refinitiv. The brokers giving their opinions on consensus and forecast can be different from brokers giving their opinions on price targets." | 0 Sell | 1 Hold | 10 Buy |
https://research-centre.barclays.co.uk/shares/future/broker-views/
Perhaps someone has got a sniff of FY results due next Thursday?
I'm guessing it's to do with the downgrade to sell by Canaccord
https://www.hl.co.uk/feeds/apps/sharecast?id=33939532
Why the drop? Anyone any idea?
OK I'm a bit disappointed.
I went to register on the site but there is no option to register unless you get a quote. The other two sites let you register without taking out a quote. Take note Future: YOU NEED TO CHANGE THIS!!!
Also the other two sites let you choose which cookies to accept: GoCo do not. You have to accept all cookies without any choice. Take note Future: YOU NEED TO CHANGE THIS!!!
As it stands, I won't be setting up an account with them, and I am a share holder!!!
Very disappointed. May reduce my share holding as a result of this poor experience.
This will obviously have a negative effect on anyone wanting to simply register with them with a view to going back for a quote at a later date. I'm very concerned about their approach with both these issues. The man with the t'ach is at considerable risk of wasting his breath.
AHL short down by 0.1%, Qube up by 0.1%. I expect AHL will continue to reduce if the share price approaches their opening position. Qube are in for a penny, in for a pound, no doubt. Big gamble?
I've never used GoCo to date because I've always remembered the other two big names from previous advertising on TV. However I think that I'll register with GoCo as well. Easier to remember the short name: it may stick with people following their TV advertising campaign. Looking forward to seeing further capture of market share? Seems like a reasonable expectation to me.