Updates

Facilities by ADF - Buys Location One

December 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

No surprise to see ADF buy Location One (I suggested this back in June) for £8.9m (50% cash and 20% in new shares upfront and the rest based on future performance). Location One is an equipment hire company serving the TV and film space and its rental inventory includes generators, water bowsers, lighting equipment, environmentally friendly battery-stores/other renewable solutions and other capital light consumables, which are all highly complementary additional products to ADF’s trucks and trailers. In the year to end September it had £9.2m sales and made a profit of £2.1m so the deal is eps enhancing from day one. Strong hold. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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