Thorpe (F.W.) (TFW)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM 50

 279.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 340.00
  • 52 Week Low: 248.00
  • Currency: UK Pounds
  • Shares Issued: 115.97m
  • Volume: 192
  • Market Cap: £323.55m
  • RiskGrade: 94
  • Beta: 0.06

Underlying operating profit takes a step backwards at FW Thorpe

By Josh White

Date: Thursday 19 Sep 2019

LONDON (ShareCast) - (Sharecast News) - Professional lighting systems supplier FW Thorpe announced its preliminary results for the year ended 30 June on Thursday, reporting a 0.9% improvement in revenue to £110.6m.
The AIM-traded firm said its operating profit before profit on the disposal of property was £17.6m, down 9.3% year-on-year, while its total operating profit was up 0.5% to £19.6m.

Profit before tax was in line with that reported in the 2018 financial year at £19.6m, with basic earnings per share also remaining stable year-on-year at 13.91p.

The board explained that its profit before tax included the profit it made on disposal of £1.9m, following the sale of the Thorlux property in Portsmouth.

Its directors declared a total interim and final dividend of 5.53p, making for an increase of 2.4% over the prior year's distribution.

Thorpe said that overall, group results were in line with management expectations, reporting a "strong" recovery in the second half of the year following a slow start by its Thorlux operation, as it had previously reported.

It also saw improved results at Lightronics, Famostar and TRT.

The company said it saw a "strong" result for net cash generated from operating activities at £21.6m, which was an increase of 4.1%.

"Despite a tremendous effort by group employees, and as forecast in the interim results announcement, operating profit before disposals for the 2018-2019 financial year took a step backwards when compared with last year's record," said chairman Mike Allcock.

"As reported, UK operations suffered from a significant general downturn in market conditions in the first half of the year, and despite an excellent recovery of orders in the second half and good contributions by Lightronics and Famostar in the Netherlands, revenue increased only marginally over the year.

"It is, however, pleasing to report that despite ongoing uncertain economic conditions in the UK, orders closed ahead of the previous year and the group entered the new financial year with a healthy order book."

Email this article to a friend

or share it with one of these popular networks:


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 279.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 340.00
52 Week Low 248.00
Volume 192
Shares Issued 115.97m
Market Cap £323.55m
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
64.43% below the market average64.43% below the market average64.43% below the market average64.43% below the market average64.43% 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
40.01% below the market average40.01% below the market average40.01% below the market average40.01% below the market average40.01% below the market average
35% below the sector average35% below the sector average35% below the sector average35% below the sector average35% below the sector average
Income
26.64% below the market average26.64% below the market average26.64% below the market average26.64% below the market average26.64% 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 15-Nov-2019

Time Volume / Share Price
14:40 93 @ 283.90p
14:11 33 @ 275.55p
14:09 20 @ 275.55p
14:07 21 @ 283.90p
14:06 18 @ 275.55p

Top of Page