Updates

Facilities by ADF

June 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 provides serviced fleet and equipment hire to the TV and film production industry, said FY25 is seeing enquiry levels pick up, and the recent acquisition of Autotrak (September 2023) is contributing meaningfully. That said, the aftershocks of the Hollywood writers’ and actors’ strikes - now two years past - are still being felt, with demand taking longer than expected to rebound. This month’s FY24 results are therefore somewhat backward-looking. Revenue rose 1% to £35.2m, though this includes a £2.6m contribution from Autotrak. Stripping that out, organic sales fell 6%, reflecting well-flagged industry headwinds. EBITDA came in at £7.2m, marginally down from £7.3m in FY23, while PAT dropped to breakeven (£0.0m vs £1.1m) ...

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Playtech

Craneware

Facilities by ADF - Trump induces nervousness (April 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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