Thorpe (F.W.) (TFW)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM 50

 473.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 520.00
  • 52 Week Low: 321.00
  • Currency: UK Pounds
  • Shares Issued: 117.01m
  • Volume: 995
  • Market Cap: £553.47m
  • RiskGrade: 81
  • Beta: 0.45

Thorpe flags steady recovery after first half headwinds

By Josh White

Date: Thursday 18 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Professional lighting systems manufacturer FW Thorpe reported a 1.8% decline in first half revenue on Thursday, to £56.4m, as turnover fell at its overseas offices.
The AIM-traded firm said its operating profit was 2.2% firmer for the six months ended 31 December, however, at £7.7m, as basic earnings per share eked out gains of 0.2% to 5.05p.

Its board declared an interim dividend of 1.29p, up 2.1% on its half-year distribution 12 months ago.

Thorpe said its Thorlux division had made a strong start to the financial year, supported by a number of large project orders, while its Netherlands operations had made a solid recovery following a fire at its Lightronics facility in September.

Among its other units, the board confirmed that revenue was down at its international sales offices.

Net cash generated from operating activities was firmer, however, rising to £8m from £6.2m a year ago.

"Capital investment has been significantly reduced compared to prior periods, however the board recently approved the roll-out of solar photovoltaic installations on the roofs of UK group companies, in addition to the recently-completed and very successful Thorlux scheme," said chairman Mike Allcock.

"The group expects to generate at least 40% of the electricity consumed on these sites, saving both cost and carbon emissions, further underpinning the group's sustainability credentials and wish to continually improve in this area.

The half-year, however, had been "particularly difficult" to manage with the multitude of adverse headwinds, Allcock added.

"Supported by the group's healthy order book, I foresee a steady second-half performance, better than expected at the start of the pandemic."

At 1050 GMT, shares in FW Thorpe were up 2.44% at 336p.

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 473.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 520.00
52 Week Low 321.00
Volume 995
Shares Issued 117.01m
Market Cap £553.47m
Beta 0.45
RiskGrade 81

Thorpe (F.W.) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
80.49% below the market average80.49% below the market average80.49% below the market average80.49% below the market average80.49% below the market average
65.71% below the sector average65.71% below the sector average65.71% below the sector average65.71% below the sector average65.71% below the sector average
Price Trend
77.74% above the market average77.74% above the market average77.74% above the market average77.74% above the market average77.74% above the market average
47.37% above the sector average47.37% above the sector average47.37% above the sector average47.37% above the sector average47.37% above the sector average
Income
1.73% below the market average1.73% below the market average1.73% below the market average1.73% below the market average1.73% below the market average
17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average17.65% below the sector average
Growth
35.12% above the market average35.12% above the market average35.12% above the market average35.12% above the market average35.12% above the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average

Thorpe (F.W.) Dividends

  Latest Previous
  Final Interim
Ex-Div 28-Oct-21 01-Apr-21
Paid 25-Nov-21 23-Apr-21
Amount 4.31p 1.49p

Trades for 08-Dec-2021

Time Volume / Share Price
11:59 170 @ 475.00p
09:11 825 @ 475.59p

Top of Page