Updates

Filta Group

October 2017

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.

I had a good meeting with CEO Jason Sayers shortly after Filta posted maiden interim results, which sent the share price through the roof.Revenues were up 39% to £6.6m and underlying operating profit grew 62% to £1m, for eps of 2.6p. Although the various kitchen services, which are performed centrally in the UK, fared well (eg. fridge seal installation, refrigeration maintenance and waste oil removal), my focus is on the repeat high quality franchise income. There were 12 new Franchise sales in the period resulting in a period end total franchise count of 182, with 371 Mobile Filtration Units (MFUs). The UK sits at 38 franchise owners (mostly single owner operators with one van; sales £2.3m) but it is the he ...

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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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