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  • 01 Feb 17
Profitability ahead

G3 Group (GGL) operates three businesses: document and data management in New Zealand and Australia, a unique UK-based tourist souvenir business and a business mail operation in NZ. The performance for the three months to 31 December 2016 was strong, with both gross and operating margins reported ahead of target. The company attributes its outperformance to strong revenues in the higher-margin document management business versus the less profitable business mail unit. As expected, inventory days showed an increase due to the previously announced one-off buy up of business mail products during Q1. These will continue to reduce as the product is sold off. Management expects to achieve all key operating metrics (KOMs) in FY17e.

Companies: G3 GROUP
  • 01 Feb 17
Profitability ahead

G3 Group (GGL) operates three businesses: document and data management in New Zealand and Australia, a unique UK-based tourist souvenir business and a business mail operation in NZ. The performance for the three months to 31 December 2016 was strong, with both gross and operating margins reported ahead of target. The company attributes its outperformance to strong revenues in the higher-margin document management business versus the less profitable business mail unit. As expected, inventory days showed an increase due to the previously announced one-off buy up of business mail products during Q1. These will continue to reduce as the product is sold off. Management expects to achieve all key operating metrics (KOMs) in FY17e.

Companies: G3 GROUP
  • 29 Jul 16
Management says FY17 KOM targets to be met

G3 Group (GGL) operates three businesses: document and data management in NZ and Australia, a unique UK-based tourist souvenir business and a business mail operation in NZ. The audited FY16 financial results showed NPAT of NZ$2.14m, which was 12.2% ahead of FY15 and included a PBT contribution of NZ$0.04m from Formfile Records Management Group, acquired on 20 January 2016. It also included costs associated with IPO and the introduction of an employee share scheme, totalling NZ$0.227m and NZ$0.345m, respectively. The key operating milestones (KOMs) performance for Q117 is below expectations for FY17 due to the short-term impact of a postage price increase and seasonal softness in the UK market.

Companies: G3 GROUP
  • 29 Jul 16
Management says FY17 KOM targets to be met

G3 Group (GGL) operates three businesses: document and data management in NZ and Australia, a unique UK-based tourist souvenir business and a business mail operation in NZ. The audited FY16 financial results showed NPAT of NZ$2.14m, which was 12.2% ahead of FY15 and included a PBT contribution of NZ$0.04m from Formfile Records Management Group, acquired on 20 January 2016. It also included costs associated with IPO and the introduction of an employee share scheme, totalling NZ$0.227m and NZ$0.345m, respectively. The key operating milestones (KOMs) performance for Q117 is below expectations for FY17 due to the short-term impact of a postage price increase and seasonal softness in the UK market.

Companies: G3 GROUP
  • 13 Jun 16
NPAT up 12.2% for FY16

G3 Group (GGL) operates three businesses: document and data management in NZ and Australia, a unique UK-based tourist souvenir business and a business mail operation in NZ. The audited FY16 financial results showed NPAT of NZ$2.14m, which was 12.2% ahead of FY15 and included a PBT contribution of NZ$0.040m from Formfile Records Management Group, acquired on 20 January 2016, as well as costs associated with IPO and introduction of an employee share scheme totalling NZ0.227m and NZ$0.345m respectively.

Companies: G3 GROUP
  • 13 Jun 16
NPAT up 12.2% for FY16

G3 Group (GGL) operates three businesses: document and data management in NZ and Australia, a unique UK-based tourist souvenir business and a business mail operation in NZ. The audited FY16 financial results showed NPAT of NZ$2.14m, which was 12.2% ahead of FY15 and included a PBT contribution of NZ$0.040m from Formfile Records Management Group, acquired on 20 January 2016, as well as costs associated with IPO and introduction of an employee share scheme totalling NZ0.227m and NZ$0.345m respectively.

Companies: G3 GROUP
  • 11 Feb 16
Margins ahead of expectations

G3 Group operates three businesses: a New Zealand-based business mail operation, a unique UK tourist mail business (Universal Mail UK) and document management in New Zealand and Australia. The performance for the third quarter that ended 31 December 2015 showed gross margin and inventory levels for the quarter and year to date above the key operating milestone (KOM) targets. The volume of items processed in the third quarter was below the KOM target, but is expected to increase in the fourth quarter with the resumption of services to a major bulk customer.

Companies: G3 GROUP
  • 11 Feb 16
Margins ahead of expectations

G3 Group operates three businesses: a New Zealand-based business mail operation, a unique UK tourist mail business (Universal Mail UK) and document management in New Zealand and Australia. The performance for the third quarter that ended 31 December 2015 showed gross margin and inventory levels for the quarter and year to date above the key operating milestone (KOM) targets. The volume of items processed in the third quarter was below the KOM target, but is expected to increase in the fourth quarter with the resumption of services to a major bulk customer.

Companies: G3 GROUP
  • 01 Feb 16
Core outperformance in H117

G3 Group (GGL) operates three businesses: document and data management in New Zealand and Australia, a unique UK-based tourist souvenir business and a business mail operation in NZ. The performance for the six months ending 30 September 2016 showed a significant improvement versus the same period a year earlier, with underlying EBITDA growing by 24.9%. Strong growth in a G3 core home market of New Zealand post was one of the main drivers behind its strong performance. Furthermore, several bolt-on acquisitions continue to perform well, with the company announcing that it plans to continue looking for acquisition targets in its key markets.

Companies: G3 GROUP
  • 01 Feb 16
Core outperformance in H117

G3 Group (GGL) operates three businesses: document and data management in New Zealand and Australia, a unique UK-based tourist souvenir business and a business mail operation in NZ. The performance for the six months ending 30 September 2016 showed a significant improvement versus the same period a year earlier, with underlying EBITDA growing by 24.9%. Strong growth in a G3 core home market of New Zealand post was one of the main drivers behind its strong performance. Furthermore, several bolt-on acquisitions continue to perform well, with the company announcing that it plans to continue looking for acquisition targets in its key markets.

Companies: G3 GROUP
  • 06 Aug 15
On the right track

G3 Group operates three businesses: a New Zealand-based business mail operation, a unique UK tourist mail business (Universal Mail UK) and document management in New Zealand. Following its successful listing on the NXT in June 2015, the company has provided the market with a business update for Q116 stating that all key operating milestones (KOMs) the company on track to meet its second quarter targets and KOMs.

Companies: G3 GROUP
  • 06 Aug 15
On the right track

G3 Group operates three businesses: a New Zealand-based business mail operation, a unique UK tourist mail business (Universal Mail UK) and document management in New Zealand. Following its successful listing on the NXT in June 2015, the company has provided the market with a business update for Q116 stating that all key operating milestones (KOMs) the company on track to meet its second quarter targets and KOMs.

Companies: G3 GROUP
  • 18 Jun 15
Mail and beyond

G3 Group operates three businesses: a New Zealand-based business mail operation; a unique UK tourist mail business (Universal Mail UK); and document management in New Zealand. The compliance listing on the New Zealand NXT market does not include the raising of any capital and will provide a platform for organic and acquisition-fuelled growth.

Companies: G3 GROUP
  • 18 Jun 15
Mail and beyond

G3 Group operates three businesses: a New Zealand-based business mail operation; a unique UK tourist mail business (Universal Mail UK); and document management in New Zealand. The compliance listing on the New Zealand NXT market does not include the raising of any capital and will provide a platform for organic and acquisition-fuelled growth.

Companies: G3 GROUP

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on G3 GROUP. We currently have 7 research reports from 1 professional analysts.

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  • 26 Feb 20
Arden Tech SoundBytes

FCA admits to data breach, Salesforce Co-CEO Keith Block resigns, Pony.Ai Raises $462m In Toyota-Led funding

Companies: CALL TRAK KAPE

  • 25 Feb 20
Interims – Mid-teens organic growth continues

H120 numbers show continued 15% organic revenue growth with a slight shift in the mix to direct sales from connectors and the continued themes of strong (33%) International growth, strong growth in new Functionality and rising (+14%) ARPU. At present just about 20% of group sales come from clients using more than one communications channel, giving dotDigital a considerable omni-channel cross-sell opportunity.

Companies: Dotdigital Group
  • 24 Feb 20
CloudCall

Material contract win with Vaco; Positive

Companies: Cloudcall Group
  • 25 Feb 20
Confidence, and investment in growth

Interims to December 2019 reveal performance in line with the January trading update: EBITDA of £9.3m was delivered from revenue of £23.1m, comfortably achieving 47% and 53% of FY expectations respectively (1H19: 47% and 41%). We review expectations towards consensus, reflecting confident additional investment in 2H20 and FY21. The three strategic pillars (geographic expansion, strategic partnerships, product innovation) demonstrate opportunities for growth, while £22.6m cash maintains potential through the options of investment, R&D and M&A. Strong KPIs abound: 90% recurring revenue; international revenue growth of 33%; 4% strategic partner revenue growth but 16% Magento-derived revenue growth; ARPU growth of 14%; EBITDA (post IFRS16) growth of 40% and margin of 40%; and operating cash generation of 72% of adjusted PBT. We adjust forecasts to accommodate additional investment, against unchanged revenue forecasts (15% growth), reducing adj EBIT 3% FY20 and 6% FY21 (adj dil EPS -4% and -5%), and reflecting board confidence in growth through new hires, while the omnichannel Engagement Cloud enjoyed levels of emails and messaging at +30% versus the immediate GDPR aftermath. 12-month target price of 140p (135p).

Companies: Dotdigital Group
  • 20 Feb 20
BBB to lead £6m project with government funding

Bigblu Broadband (BBB) has announced that its subsidiary Quickline will lead a £6m project to boost rural connectivity in North Yorkshire. The project is a continuation of Quickline’s previous work as part of the 5G Rural Integrated Testbed project, and is focused on bringing mobile connectivity to the 35% of the county without 4G mobile coverage and testing how superfast mobile connectivity can benefit the county. To fund the project, Quickline and its partners (2 universities and 4 businesses) have secured £4.5m of government funding, which is roughly double the size of the previous grant, and this will support Quickline’s investment in R&D and infrastructure to complete the project and improve its rural coverage. Quickline’s lead in this project consequently reinforces BBB’s reputation as an innovative provider in delivering superfast rural broadband, and demonstrates the strength of the relationship Quickline has developed with the UK government after several successful projects. Overall, we believe that BBB is excellently positioned to deliver strong and sustained growth as it benefits from transformative developments to its core technologies and greater government investment in rural broadband, and we look forward to initiating with FY results towards the end of March.

Companies: Bigblu Broadband
  • 24 Feb 20
Quartix - Fleet progress builds a firm base for future growth

FY 2019 is in line with last month’s trading update; the ongoing withdrawal from low-margin Insurance telematics being offset by excellent growth in Fleet which is now >80% of group business. New Fleet installations jumped 39% to 43,837 and clients grew 24% to 16,394. Continued investment in the US and France saw total subscriptions jump an impressive 37% and 36% respectively, while UK growth has accelerated again to 16%. Significant enhancements to web and mobile applications have supported a recent rollout across Europe; in Poland, Spain, Italy and Germany. Insurance continues to decline in line with the strategy of avoiding highly competitive contracts. The high levels of recurring revenue make an excellent base for future Fleet growth in the new and existing territories with a strong start to the year in all markets. We lift our TP to 475p.

Companies: Quartix
  • 24 Feb 20
Allenby Capital TMT Update - 24.02.20 (STAR.L, GFIN.L, BBSN.L)

Starcom plc* (STAR.L, 1.3p/£4.5m) | Gfinity plc* (GFIN.L, 1.675p/£8.0m) | Brave Bison plc* (BBSN.L, 1.30p/£8.6m)

Companies: STAR GFIN BBSN

  • 27 Feb 20
Arden Tech SoundBytes

Microsoft warns on coronavirus, Google invests $10bn into datacentres, Box forecasts strong Q1 revenue

Companies: Cloudcall Group
  • 18 Feb 20
Crimson Tide*

Commercial momentum continues with Rail win

Companies: Crimson Tide
  • 27 Feb 20
Interims on track as ACV builds visibility and growth

As revealed at the January trading update, interims to December 2019 have delivered £2.1m EBITDA from revenue of £12.3m, representing 48% of full-year targets with period-end net cash/ debt of breakeven after payment of £1.6m MatsSoft deferred consideration. Given the evident opportunity, management is expected to minimise free cash flow subject to a £1.0-1.5m buffer, through reinvestment in R&D and sales and marketing, with £16.6m ACV (annualised contract values) having grown 10% (Low-code ACV +21%). ACV in turn drives growth in recognised revenue (+13% underlying, including 22% from Low-code) as well as visibility, giving increased certainty to forecasts. Case studies abound to show the application of Low-code to client benefit, in the case of Hampshire Trust Bank delivering a project four months early and at one third of the anticipated cost; with such compelling alternatives to laborious and IT projects, Netcall’s Liberty Create solution grabs customer attention. With the cash flow certainty of the Liberty Converse customer engagement platform, and the opportunity in Liberty Create delivering evidence of a trend to momentum in growth in FY20 (June year-end), we reiterate our 90p target price.

Companies: Netcall
  • 06 Dec 19
Bigblu Broadband - H219 trading in line, confident in FY20

Bigblu’s trading statement confirmed an H2 performance in line with expectations. Actions to cleanse the customer base should yield operational benefits over time and the above consensus year-end net debt figure (£14m vs £9m) primarily reflected a Brexit-driven inventory build that should reverse in the next few months. Bigblu remains confident in FY20 consensus (see below), which implies an acceleration in revenue growth.

Companies: Bigblu Broadband
  • 28 Nov 19
Indian Uber prepares UK launch, Intel pulls down PC makers, TikTok plans Chinese separation

Indian ride-sharing firm Ola says it has started registering drivers in London as it prepares to launch in the U.K. capital. The company, which is backed by Uber investor SoftBank, said it would look to launch its services in the city "In the coming weeks." The announcement comes just a day after Uber was stripped of its London license by the local transport regulator. London is Uber's largest European market, where it counts 45,000 drivers and 3.5 million passengers.

Companies: TRAK SEE TCM TRCS QTX

  • 14 Jan 20
IQE - Leading innovation from within

The breadth of IQE’s technology portfolio and ability to serve compound semiconductor chip customers in the US and Asia puts it in a good position to benefit from rising demand for compound semiconductor applications for 5G and connected devices. The share price has been hit by the shift to Asian-centric supply chains caused by US-Chinese trade tensions, and resultant reductions to management guidance. Although the timing of a recovery is difficult to gauge, we see scope for earnings recovery as IQE secures additional contracts in Asia and leverages its IP portfolio into sustainable profit growth and cash generation.

Companies: IQE
  • 30 Jan 20
Cenkos: Seeing Machines Ltd -- H1/20 Trading Update

Seeing Machines has announced a trading update for the six months ended 31 December 2019 (H1/20) where it expects to report revenue of A$15.8m (A$13.5m for H1/19). It finished the period with 20,551 Guardian units installed, representing a forward Annualised Recurring Revenue (ARR) run rate of A$13.2m, and the Board%u2019s guidance for FY20 remains unchanged (revenues of A$45-50m and ARR at 30 June 2020 of A$18-20m).

Companies: Seeing Machines
  • 19 Feb 20
WHI Morning Comment: Pennant International (PEN)

New £5m contract win heralded – expected to convert in 2020 News from PEN this morning that it has received a Statement of Intent for a contract to supply training aids to a long-standing client in the Middle East adds yet another piece to the 2020 jigsaw, assuming conversion. With £20m revenues forecast for the current year, and the company “optimistic” about conversion FY20E, the extra £3m anticipated for 2020 looks like taking estimated revenue cover in the current year from 70%-plus to more like c.85%. We see this as a very healthy figure at this stage in proceedings. This is the second Middle East win announced in so many weeks, once again involving a long-standing client. It also follows in the footsteps of the Australian Defence Force (ADF) contract announced earlier in the month and the £3.4m helicopter training aid contract with a major UK OEM which emerged at the end of October. No guarantees re this specific contract, but PEN is continuing to throw off plenty of signs of ongoing progress.

Companies: Pennant International Group