Thorpe (F.W.) (TFW)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM 50

 321.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 359.00
  • 52 Week Low: 267.00
  • Currency: UK Pounds
  • Shares Issued: 115.97m
  • Volume: 772
  • Market Cap: £372.25m
  • RiskGrade: 86

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 321.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 359.00
52 Week Low 267.00
Volume 772
Shares Issued 115.97m
Market Cap £372.25m
RiskGrade 86

Thorpe (F.W.) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
71.7% below the market average71.7% below the market average71.7% below the market average71.7% below the market average71.7% below the market average
57.89% below the sector average57.89% below the sector average57.89% below the sector average57.89% below the sector average57.89% below the sector average
Price Trend
3.02% below the market average3.02% below the market average3.02% below the market average3.02% below the market average3.02% below the market average
28.21% below the sector average28.21% below the sector average28.21% below the sector average28.21% below the sector average28.21% below the sector average
Income
69.9% below the market average69.9% below the market average69.9% below the market average69.9% below the market average69.9% below the market average
23.81% below the sector average23.81% below the sector average23.81% below the sector average23.81% below the sector average23.81% below the sector average
Growth
45.26% below the market average45.26% below the market average45.26% below the market average45.26% below the market average45.26% below the market average
26.32% below the sector average26.32% below the sector average26.32% below the sector average26.32% below the sector average26.32% 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 26-Feb-2020

Time Volume / Share Price
08:45 77 @ 318.14p
08:43 350 @ 313.28p
08:20 114 @ 313.28p
08:15 231 @ 317.28p

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