Focusrite (TUNE)

Sector:

Leisure Products

Index:

FTSE AIM 100

385.00p
   
  • Change Today:
    -2.50p
  • 52 Week High: 595.00p
  • 52 Week Low: 285.00p
  • Currency: UK Pounds
  • Shares Issued: 59.21m
  • Volume: 35,822
  • Market Cap: £227.96m

Focusrite acquires Sheriff Technology

By Iain Gilbert

Date: Tuesday 19 Dec 2023

LONDON (ShareCast) - (Sharecast News) - Audio products group Focusrite revealed on Tuesday that it has acquired entertainment technologies group Sheriff Technology.
Focusrite said the initial cash consideration of £2.37m will be funded from internal cash resources and existing facilities, while it also noted there will be an earn-out of up to £1.2m payable in cash based on financial performance metrics.

The AIM-listed firm stated that by extending its activities into new products and markets, which complement its existing audio reproduction business, the acquisition was "strategically aligned" with its aims of growing the core customer base, expanding into new markets, and increasing lifetime value for customers.

Focusrite chief executive Tim Carroll said: "The acquisition of OutBoard represents another strategic expansion within our Audio Reproduction business, enhancing our product range and market reach. OutBoard's innovative products, such as TiMax spatial audio and show control, align perfectly with our mission to deliver exceptional audio experiences within live environments.

"We are looking forward to integrating OutBoard's technologies and exploring new opportunities in this segment of the rapidly evolving audio industry."

As of 1005 GMT, Focusrite shares were up 3.65% at 539.0p.









Reporting by Iain Gilbert at Sharecast.com

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

 

Focusrite Market Data

Currency UK Pounds
Share Price 385.00p
Change Today -2.50p
% Change -0.65 %
52 Week High 595.00p
52 Week Low 285.00p
Volume 35,822
Shares Issued 59.21m
Market Cap £227.96m

Focusrite Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
25.85% below the market average25.85% below the market average25.85% below the market average25.85% below the market average25.85% below the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
Price Trend
66.86% below the market average66.86% below the market average66.86% below the market average66.86% below the market average66.86% below the market average
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average
Income
70.52% below the market average70.52% below the market average70.52% below the market average70.52% below the market average70.52% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
73.09% below the market average73.09% below the market average73.09% below the market average73.09% below the market average73.09% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Focusrite Dividends

  Latest Previous
  Interim Final
Ex-Div 09-May-24 28-Dec-23
Paid 10-Jun-24 31-Jan-24
Amount 2.10p 4.50p

Trades for 12-Jul-2024

Time Volume / Share Price
16:28 5,000 @ 385.00p
16:35 40 @ 385.00p
16:35 40 @ 385.00p
16:28 5,000 @ 385.00p
16:24 64 @ 388.00p

Focusrite Key Personnel

CEO Timothy Paul Carrol

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