Updates

Facilities by ADF - Trump induces nervousness

April 2025

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, which rents out vehicles to film and television productions, said following the industrial action that affected Hollywood studios, FY24 was in-line with sales of £35.2m, EBITDA of £7.2m and breakeven at the pretax level. However, H1 25 hasn’t yet seen the anticipated pickup, with production companies keeping a closer eye on budgets and shortening lead times. This has lowered its fleet utilisation although ADF says H2 has the potential to see a bounceback with a high number of scheduled blockbusters (e.g. Avengers and Fantastic Four) and large HETV productions (e.g. Harry Potter and a new series of Slow Horses). At this stage, FY25 pretax profit is therefore ahead of FY24 but below earlier expectations. In the light of ...

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Bloomsbury Publishing - Another ahead of statement

Argentex - H2 launch of the advanced banking product

Facilities by ADF (June 2025)

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 - 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)

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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