Thorpe (F.W.) (TFW)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM 50

 420.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 520.00
  • 52 Week Low: 396.00
  • Currency: UK Pounds
  • Shares Issued: 117.07m
  • Volume: 5,788
  • Market Cap: £491.70m
  • RiskGrade: 81

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.

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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 420.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 520.00
52 Week Low 396.00
Volume 5,788
Shares Issued 117.07m
Market Cap £491.70m
RiskGrade 81

Thorpe (F.W.) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.61% below the market average82.61% below the market average82.61% below the market average82.61% below the market average82.61% below the market average
81.25% below the sector average81.25% below the sector average81.25% below the sector average81.25% below the sector average81.25% below the sector average
Price Trend
49.04% above the market average49.04% above the market average49.04% above the market average49.04% above the market average49.04% above the market average
65.00% above the sector average65.00% above the sector average65.00% above the sector average65.00% above the sector average65.00% above the sector average
Income
14.65% below the market average14.65% below the market average14.65% below the market average14.65% below the market average14.65% below the market average
37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average
Growth
25.06% below the market average25.06% below the market average25.06% below the market average25.06% below the market average25.06% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average

Thorpe (F.W.) Dividends

  Latest Previous
  Special Interim
Ex-Div 17-Mar-22 17-Mar-22
Paid 01-Apr-22 01-Apr-22
Amount 2.27p 1.54p

Trades for 23-May-2022

Time Volume / Share Price
11:22 231 @ 424.10p
10:59 217 @ 420.00p
10:59 783 @ 421.00p
10:57 1,000 @ 425.00p
10:50 604 @ 424.00p

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