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15-Nov-23 10:54:15 455.00 450,424 Unknown* 450.00 460.00 2m O
15-Nov-23 10:53:55 455.00 460,000 Unknown* 450.00 460.00 2m O
Could be the general market, but some very chunky buys happening.
Should see some good results on the 28th.
Nice buys:
15-Nov-23 09:40:11 450.00 50,000 Buy* 440.00 450.00 225.00k O
15-Nov-23 09:32:38 450.00 5,000 Buy* 440.00 450.00 22.50k O
15-Nov-23 09:31:57 450.00 5,000 Buy* 440.00 450.00 22.50k O
Some very strong buys again today with One over 200k.
Wonder if the seller is still in the background?
Should have seen us moving up from here.
Yes 100%, some very large buys again today.
Imo. This should be a much higher pe stock
Shares bought at the 440 region and in July are the only available shares being sold at the moment for profit.
I would expect that the cheap shares will run out in a couple of days on this current buy cadence, or after the next 100k are bought, then there will be limited free float on the market.
Once results are announced, would expect this to side nearer 700 region, and with dividend a lot of funds will buy some to have guaranteed revenue stream over 2024.
Yes my buys were showing as sells.
Also to Add the debt taken on has now been reduced to 1.5m, wonder what the figure is now.
Oh, and it appears that all the "sells" are actually buys being misreported by the LSE system.
As such, everyone is starting to buy up ready for results, so best buy while you can cheaply.
The company are stable with improved margins, and looks like profit will increase over 23/24.
Big spending acquiring Adam Audio and Sonnox, to add Speakers and Software categories.
These big purchases ate company cash, however, they are cash generative and driving growth.
As such, for 23/24 with no more planned acquisitions would expect large dividend payments.
My buy wasn’t the 14k earlier from today by the way 😀
Added a few of these today and will add more on any price drop.
A very well run company with Very good growth prospects through organic and takeovers.
These are form part of my future growth portfolio.
Accounts out on the 28th Nov:
EBITDA1 for the full year to be between £38.2 million and £39.0 million.
As at 31 August 2023 the Group had net debt2 of approximately £1.5 million (down from FY23 H1: net debt £13.2 million)
This includes the acquisition of Sonnox Ltd in December 2022 for a net cash consideration of £7.2 million.
Launch of the new Focusrite Scarlett Soundcards on the 31st August 2023, with worldwide shipments.
Expect the share price to be around 650ish, and announcement of Dividends.
The acquisition of Sonnox was a vey big use of cash, as such moving into 2024 they should have a good consistent dividend coming.
Launch great. 11x pe too cheap, should be 600p
Noticd a lot more volume the pst couple of wks. culd be a good sign.
any news due?
Scrapping the bottom now, no real sellers left, and based on the last report this H2 report will be good as all the spending by the company was in H1.
The music tech market has gotten smaller in the past year, with takeovers, and the amount of companies making soundcards and midi controllers is limited, this means more revenue into Focusrite group.
Combined with their take over of Sonnox to expand their digital offering, their takeover of Adam Audio for speakers, they have a balanced portfolio in their market to get more revenue.
Expect the next set of results to be good, considering they frontloaded with production costs, and also had expenditure due to takeover costs.
I agree and I'm in at these levels. I would think that the market is looking on some green shoots - the investment and stocking have taken place - now for the sales figures H2.
Focusrite have been great at taking over lots of great brands and becoming a revenue machine.
Read the last report, they spent a ton of money on manufacturing, and now in the process of selling to make profit, as such expect the next update to be good.
Great time to get in an hold for gold.
Am tempted to dip my toe back in to average down. I prefer to average up.
settling back down, hope some people made some money from the last rise.
nice buy went through mid-day Friday:
Date: 11-Nov-22
Time: 11:02:35
Volume: Buy: 75,000
Value: £483.75k
Looks like everyone is loading up ready for good results and the divident
There was £1.181 million (GBP) worth of shares bought today with those 6 trades
Alot of buying and loading up happening now.
Looks like the dividend and good results are going to take this back to its rightful place
Date Time Volume
10/11/22 14:58:04 33854
10/11/22 15:01:17 35000
10/11/22 15:01:24 35000
10/11/22 15:02:01 35000
10/11/22 12:22:12 21643
10/11/22 12:22:02 21042