Franchise Brands (FRAN) and Filta Group (FLTA) “are pleased to announce that they have reached agreement on the terms of a recommended all share offer by Franchise Brands for Filta”. However, shares in both are currently down on the news, so what’s the story?...
Provider of fryer management and other services to commercial kitchens, Filta Group (FLTA) has announced a “trading update” including CEO Jason Sayers “delighted with the group's performance in 2021 despite the ongoing challenges from Covid-19… significant growth in revenue, whilst managing these challenges”. So what of the shares, having currently responded up to 143.5p?...
Previously writing on provider of fryer management and other services to commercial kitchens, Filta Group (FLTA), in June with the shares at 169p I noted the market cap had already recovered to more than £49 million and I continued to avoid. The shares last closed at 144p but are currently a few percent higher today on the back of a further trading update. Is this justified?...
Provider of fryer management and other services to commercial kitchens, Filta Group (FLTA) “is pleased to report that it continues to experience an increasing level of demand for its services in all of its operating territories”. What does this operationally and financially mean?...
“Filta Group Holdings PLC (FLTA), a provider of fryer management and other services to the catering and hospitality sector, is pleased to announce that it has secured an exclusive licencing agreement with NTH Solutions, a support services group wholly owned by North Tees and Hartlepool NHS Trust, to utilise its hypochlorous acid based broad-spectrum disinfectant, along with NHS accredited training, as part of the Filta Sanitation Service”… and the shares have currently responded to 107.5p, approaching 19% higher. Hmmm...
Filta Group (FLTA) has updated including “May turnover some 14% up on April and June a further 38% up on May” and “launch in May of our sanitisation and protect service, FiltaShield… with the number and value of customer quotations continuing to increase, we are optimistic that, as our markets in the US and UK continue to reopen over the coming weeks and months, we will see an increasing contribution from that service”. The shares have currently responded to 93.5p, more than 8% lower...
Filta Group (FLTA) has updated emphasising new franchises, cost savings and “new scheduling software introduced in 2019 is now delivering improvements in productivity” – and the shares have currently responded towards 170p, circa 20% higher…
Previously writing on self-styled “leading commercial kitchen services provider” Filta Group (FLTA), in August last year with the shares at circa 230p I concluded precious little Benjamin Graham ‘margin of safety’ (“for absorbing the effect of miscalculations or worse than average luck”). Possibly one for the watchlist for a better entry level, but currently, with the potential reward v. risk trade-off looking heavily tilted to the latter, one I avoid. Today a “Trading Update”…
