Updates

Facilities by ADF - Strong possibility of a bid on a PE of <5

December 2024

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.

Having only just started to see its business activity levels pick up in Q3 after the actor strikes, ADF unexpectedly encountered a second period of fragmented, short-term decision making in Q4, which affected trailer utilisation. This was due to the Budget and the US Election, which saw customers sit on their hands or push out filming start dates. As a result, it expects to report FY24 revenues of £35m and EBITDA of £7.3m-£8m, so no better than FY23. Adjusted pretax profit comes out as breakeven. Cash stands at £3.3m. ADF begins FY25 with a significant pipeline and is in discussions with Netflix, Apple and Marvel for several multi-series productions. Assuming the ramp back up in the new year, Cavendish forecasts 2025’s result to ...

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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 - Buys Location One (December 2022)

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)

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