Updates

Facilities by ADF

October 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.

ADF has released its H1 to 30 June with sales of £12.6m and a reduction in EBITDA to £2.6m, down from £3.8m, although last year’s H1 comps saw a post-lockdown bounce and not the typical seasonal lull in Q1. H2 is more heavily weighted towards large productions and is fully booked, hence it supports the full-year expectations of record adj EBITDA levels in FY22. Cash balance stands at £16m despite growth in the total number of vehicles at the end of H1 to 550. This is expected to reach 600 by the year end. Cenkos forecasts eps of 4.6p for the year, lifting to 5.9p next year, to drop the PE to 7.5. Hold. ...

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Growth Portfolio 3 - October '22

Strix

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 - 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.

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