Facilities by ADF – “pleased to announce” placing and conditional acquisition, but how’s current trading?

Facilities by ADF (ADF) states it “is pleased to announce that… it has conditionally raised gross proceeds of a total of £10.0 million, pursuant to a placing of 20,000,000 placing shares at the issue price of 50 pence per placing share. The placing was heavily oversubscribed”. This has been stated to be for the initial cash consideration of an acquisition the company argues “is the next step in the delivery of the group's vision for ADF as a one-stop shop for film and HETV production”. So what of this from a current 53.5p share price?

Facilities by #ADF – raises £10m at 50p per share

Facilities by ADF – argues a “strong financial performance”. Is it though and what of the forecasts downgrades that dare not speak their name?

Production facilities for the UK film and television industry company Facilities by ADF (ADF) commences a full-year trading update announcement with that it “delivered another strong financial performance in FY23 with revenue expected to be £34.8m (FY22 £31.4m) and adjusted EBITDA of £7.3m (FY22 £7.9m)(1) and an adjusted profit after tax of £1.1m (FY22 £4.8m)”. Hmmm, is that really a “strong financial performance” then?

Facilities by #ADF – strikes impact on 2023 and H124, now expects utilisation not fully returning until second half

Facilities by ADF – a recovery BUY!

Describing itself as “the leading provider of premium serviced production facilities to the UK film and high-end television industry”, shares in Facilities by ADF (ADF) at a current 58p offer price are down from above 75p reached last year including with its last month-announced half year 2023 results noting that, whilst it has UK productions to sustain the business, there has been impact from the Writers Guild of America and Screen Actors Guild strikes. However, with the former strike recently ended and negotiations now having resumed on the latter, there now looks sentiment, pent-up demand and shares value-based potential here suggesting a Buy.

Facilities by ADF – notes “industrial action” impact, what’s the outlook from here?

“Leading provider of premium serviced production facilities to the UK film and high-end television industry”, Facilities by ADF (ADF) has issued an update on what it describes as “a strong financial performance in H1-FY23” and emphasises that it “remains strongly positioned in its markets and the board remains confident in the company's future prospects”. So what of a current share price of 45.5p, comparing to 60p as recently as June?

Facilities by #ADF – H1 update, notes USA writers and actors strikes impacting productions

Facilities by #ADF – notes 2022 growth, argues confident of further progress

Facilities by #ADF – acquisition of location service and equipment hire business Location One for up to £8.86m in cash and shares

Facilities by #ADF – H1 reduced profit, DPS 0.46p, “in line” with FY expectations

Facilities by #ADF – H1 revenue “marginally ahead” of prior year, argues “strong order visibility”

Film Supply Company Keeps on Trucking as a Big Boom Blossoms

Hello Share Trackers. In the past, I’ve poured icy water on the idea of investing in companies connected to the film industry. But that was before Covid. Since then, there’s been a growing demand for films you can see in your own home on your own telly with its giant screen. I have contact with the film game and can tell you that the demand from the likes of Netflix, Amazon Prime and Disney is booming.

Facilities by #ADF – 2021 “ahead of current market expectations”, “strong order visibility”