Thorpe (F.W.) (TFW)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM 50

280.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 340.00
  • 52 Week Low: 248.00
  • Currency: UK Pounds
  • Shares Issued: 115.97m
  • Volume: 32,766
  • Market Cap: £324.70m
  • RiskGrade: 94
  • Beta: 0.06

F W Thorpe buys Netherlands-based Famostar

By Michele Maatouk

Date: Thursday 21 Dec 2017

LONDON (ShareCast) - (ShareCast News) - AIM-listed F W Thorpe has announced the acquisition of Famostar, a Dutch specialist in emergency lighting for a range of different sectors, for an initial consideration of €7.6m (£6.8m).
The acquisition is expected to enhance earnings per share in the first full financial year of ownership and to complement the company's existing technologies, providing potential growth opportunities and synergies. It is expected to make a minor contribution to group profits in the year ending 30 June 2018.

As well as the initial consideration, F W Thorpe will pay up to €0.5m subject to performance conditions relating to the earnings before interest, taxes, depreciation and amortisation for 2017 and 2018. The initial consideration has been funded from the company's existing cash reserves.

Famostar will be bought through Thorpe's holding company in the Netherlands, Lightronics Participaties. The senior management team will remain in the business and report directly to the board of Lightronics.

During its last financial year ended 31 December 2016, Famostar achieved revenues of €6.8m and adjusted pre-tax profit of €0.9m.

At 1010 GMT, the shares were down 2.1% to 342p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Thorpe (F.W.) Market Data

Currency UK Pounds
Share Price 280.00p
Change Today 1.00p
% Change 0.36 %
52 Week High 340.00
52 Week Low 248.00
Volume 32,766
Shares Issued 115.97m
Market Cap £324.70m
Beta 0.06
RiskGrade 94

Thorpe (F.W.) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65% below the market average65% below the market average65% below the market average65% below the market average65% below the market average
52.63% below the sector average52.63% below the sector average52.63% below the sector average52.63% below the sector average52.63% below the sector average
Price Trend
39.71% below the market average39.71% below the market average39.71% below the market average39.71% below the market average39.71% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Income
27.44% below the market average27.44% below the market average27.44% below the market average27.44% below the market average27.44% below the market average
4.76% below the sector average4.76% below the sector average4.76% below the sector average4.76% below the sector average4.76% below the sector average
Growth
48.39% below the market average48.39% below the market average48.39% below the market average48.39% below the market average48.39% below the market average
63.16% below the sector average63.16% below the sector average63.16% below the sector average63.16% below the sector average63.16% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Thorpe (F.W.) Dividends

  Latest Previous
  Final Interim
Ex-Div 31-Oct-19 28-Mar-19
Paid 29-Nov-19 18-Apr-19
Amount 4.10p 1.43p

Trades for 18-Nov-2019

Time Volume / Share Price
16:13 1,000 @ 287.68p
15:02 3,480 @ 287.20p
14:47 392 @ 287.20p
14:40 1,981 @ 287.68p
14:31 344 @ 287.20p

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