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. ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Made Tech

UP Global Sourcing - Shares rocket after results

Facilities by ADF - Strong possibility of a bid on a PE of <5 (December 2024)

Facilities by ADF (October 2024)

Facilities by ADF - Bouncing back from actor strikes (July 2024)

Facilities by ADF - Significant pent up demand; prospective PE of 6.1 (October 2023)

Facilities by ADF - Broker introduces eps forecast of 9.6p next year (June 2023)

Facilities by ADF - Sales set to climb 50% this year (March 2023)

Facilities by ADF (October 2022)

Facilities by ADF - Strong maiden results (June 2022)

Facilities by ADF - 90% of FY22 sales already in the bag (February 2022)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X