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    ADF   GB00BNZGNM64

FACILITIES BY ADF PLC

(ADF)
  Report
Delayed London Stock Exchange  -  11:35:22 2023-01-26 am EST
55.00 GBX   -3.51%
01/24Facilities by ADF shares up on new Location One branch at Pioneer
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2022AIM WINNERS & LOSERS: Venture Life, Facilities by ADF rise on new buys
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2022IN BRIEF: Facilities by ADF shares up on acquisition of Location One
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IN BRIEF: Facilities by ADF shares up on acquisition of Location One

12/01/2022 | 06:04am EST

Facilities by ADF PLC - provider of production and support vehicles for the TV and film industry - Buys Location One Ltd, the UK's largest integrated TV and film location service and equipment hire company, for an initial consideration of GBP4.4 million in cash, with the issue of 3.4 million new shares. Says Location One customer base includes Amazon Studios, Netflix, Warner Brothers and the BBC, providing complementary services to that of ADF. Says there is an additional contingent earn out consideration of up to GBP2.7 million, which can be paid in cash instalments over a 36-month period. Facilities expects the acquisition to be immediately earnings accretive.

For the year that ended on September 30, Location One records a revenue of GBP9.2 million and an adjusted earnings before interest, tax, depreciation and amortisation of GBP2.1 million.

Chief Executive Officer Crispin Hardy says: "By joining forces with Facilities by ADF, we will be capable of bringing a compelling and expanded offering to the UK film and production industry at a time when demand for our products is at an all-time high."

Current stock price: 62.50 pence, up 14% on Thursday morning in London

12-month change: up 15%

By Xindi Wei; xindiwei@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

Stocks mentioned in the article
ChangeLast1st jan.
ADF GROUP INC. 2.87% 2.15 Delayed Quote.-0.48%
FACILITIES BY ADF PLC -3.51% 55 Delayed Quote.-8.33%
NETFLIX, INC. -0.84% 364.87 Delayed Quote.23.74%
All news about FACILITIES BY ADF PLC
01/24Facilities by ADF shares up on new Location One branch at Pioneer
AN
2022AIM WINNERS & LOSERS: Venture Life, Facilities by ADF rise on new b..
AN
2022IN BRIEF: Facilities by ADF shares up on acquisition of Location One
AN
2022Facilities by ADF Soars 13% on Location One Acquisition
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2022Facilities by ADF plc acquired Location One Ltd for ú8.9 million.
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2022Facilities by ADF Announces the Opening of its New Office in Glasgow, Set in Pioneer Fi..
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2022Facilities by ADF plc Proposes Interim Dividend, Payable on 30 October 2022
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2022Earnings Flash (ADF.L) FACILITIES BY ADF Reports H1 EPS GBP0.01
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2022BOE's Comments Suprise More Than Its Deeds
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More news
Financials
Sales 2022 31,8 M 39,3 M 39,3 M
Net income 2022 3,50 M 4,33 M 4,33 M
Net Debt 2022 11,8 M 14,6 M 14,6 M
P/E ratio 2022 12,8x
Yield 2022 2,55%
Capitalization 43,7 M 54,0 M 54,0 M
EV / Sales 2022 1,74x
EV / Sales 2023 1,14x
Nbr of Employees -
Free-Float 50,3%
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Mean consensus BUY
Number of Analysts 1
Last Close Price 0,55
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Marsden James Proctor Chief Executive Officer & Director
Neil Evans Chief Financial Officer, Secretary & Director
John Richards Non-Executive Chairman
Kathryn James Independent Non-Executive Director
Warusahennedige V. Soysa Wijeratne Independent Non-Executive Director
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