Equity Research, Broker Reports, and media content on G3 GROUP

  • Access the latest forecasts, broker valuations, multiples, and video content from the city about G3 GROUP
  • See live updates from analysts, company announcements, and other news in a personalised/single dashboard
  • 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
  • 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
  • 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
  • 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.

Open
N/A
Range Today
N/A
52 Week
0.00/0.00
Daily Volume
N/A
# Shares
0m
Daily Liquidity
0.0%
Pension Liability
Enterprise Value
n/am
Market Cap
0m
Latest PE (hist)
Div Yield

Latest News/RNS

(more news)
Date Source Announcement
Get free RNS email alerts

  • Frequency of research reports

     

  • Research reports on

    G3 GROUP

  • Providers covering

    G3 GROUP

  • 08 Apr 20
More Q4 contract wins reveal a switch to SaaS

The YE trading update reveals that management has actioned its proposed switch from a perpetual licence to a SaaS business during FY 2020. We therefore adjust our forecasts as moving customers from one-off perpetual licence contracts to recurring revenue contracts takes longer to implement and revenue is recognised over a longer period. Despite COVID-19, D4t4 made good progress in Q4 since the January update (with its own raft of contract wins), and several more contracts have been secured on a multi-year ‘as-a-service’ basis, providing additional recurring revenue visibility (now 46% of total sales) over the next three years. Management does not expect any significant interruptions in customer service or its distribution channels. However, actions taken to mitigate the impact of the virus include home working; preserving cash; and securing additional liquidity from the bank if required. The final dividend and FY 2021 forecasts are under review, however the £0.5m share buyback programme continues.

Companies: D4T4 Solutions
  • 03 Apr 20
Supercharging customer data with an expanded Audiens

Bango has announced the expansion of its strategic relationship with NHN Corp, the Korean big data giant. NHN is investing £6.5m to take a majority interest in the Audiens business, owned by Bango. For its investment NHN gains a 60% stake in Bango Deep, the Bango subsidiary which owns the Audiens Customer Data Platform (CDP). NHN will inject its data science technology into Audiens to grow it into a world leading CDP. In addition, NHN has also subscribed for 3.5m new ordinary shares in Bango – 4.7% of the group’s existing ordinary share capital. Bango paid approximately £4m for Audiens. NHN is paying £6.5m for 60% of that business. We revise estimates following the announcement to reflect that Audiens will no longer be fully consolidated in Bango’s accounts. We believe the deal validates Bango’s investment in Audiens and represents a significant vote of confidence in both the data monetisation business and in Bango itself, by a highly successful commerce leader.

Companies: Bango
  • 03 Apr 20
Bango - Finding a new Audiens

In a remarkable coup for Bango, Korean technology leader NHN Corp is taking control of the Audiens Customer Data Platform (CDP) business by investing £6.5m for a 60% stake in the holding company, Bango Deep Ltd, with a view to scaling up Audiens through support and technology into a truly world-class CDP provider. NHN is further securing and deepening its relationship with Bango itself by taking 3.5m Bango ordinary shares (4.7% of the expanded Bango) for £3.2m. This is an excellent deal for Bango, sealed at a time of restricted travel and tightened commercial prospects and possible only because Bango is already partnered, and trusted by the Korean technology giant. The deal takes a non-core, near-breakeven business off the Bango P&L and sharpens management focus, while maintaining a substantive interest in what – now backed by NHN’s cash, expertise and data technology – should become a major global player in the lucrative, high-growth CDP market. On top of this, Bango strengthens its balance sheet with a cash injection and the strategic partnership between NHN and Bango itself is substantively deepened. We adjust our FY 2020 forecast for the change in Audiens accounting status and the cash injection, and highlight the value.

Companies: Bango
  • 06 Apr 20
One to hold in tough markets

CentralNic's business is resilient in the current environment. The company has mostly repeatable revenues and sells mission-critical products, diversified across many customers and countries. Market growth is robust, benefiting from the recent surge in online activity and regulated price increases. Competitively, the company is well positioned, dominating its core markets. Financially, the company has adequate financing and has not experienced any increase in late payments. CentralNic’s resilience is reflected in a confident trading update this morning.

Companies: Centralnic Group
  • 08 Apr 20
CloudCall

FY19 results: Cash burn moderating with growth rate

Companies: Cloudcall Group
  • 07 Apr 20
L/T winner in new social distancing world

Given today’s uncharted waters, it is nice to own resilient, profitable and cash generative stocks. Especially those like BuildTech software developer Elecosoft - sporting a robust balance sheet and generating high recurring revenues (ED 56%). Traits which should not only provide investors shelter from the worst of the COVID-19 storm, but also thrive once this CAT 5 hurricane subsides.

Companies: Elecosoft
  • 09 Apr 20
Strong FY20. Look through the short-term disruption.

Eckoh’s trading update today implies record FYMar20 results in line with market expectations. While not disclosed today, we estimate that the US saw u/l organic revenue growth of c. 18%, and within that, Secure Payments estimated growth of c. 70%, driving EPS growth of some 80% yoy. These results and today’s CV19 update are in line with our update from 31st March. Some delays have emerged in US SecPay decision-making, but deals should conclude in due course. As we flagged, the UK has seen some volume declines, but expect a rapid recovery when lockdown ends. Looking beyond short-term disruption, the stand-out opportunity for Eckoh is US SecPay. Here Eckoh has momentum and is market leader in a nascent market with a patent-protected solution. All that for an historic FCF yield of c. 5.5%.

Companies: Eckoh
  • 09 Apr 20
WHI First Light: Caledonia Mining (CMCL) & Watchstone Group (WTG)

Caledonia today provides an update on production from the Blanket mine in Zimbabwe with 14.2koz gold produced in Q1 2020 – an increase of 19% over the same period in the prior financial year. A focus on development rather than production in the final quarter of 2019 means that Caledonia should be able to balance production over the remaining quarters of the year and hit its production target of between 53-56koz for FY 2020. Following on from the updates to the market provided on 10 February 2020 and 25 March 2020, Watchstone has this morning confirmed a proposed return of cash to shareholders totalling £50.5m/110p per share. A formal General Meeting will be held on 27 April 2020, and subject to shareholder and Court approval, trading in the shares ex-entitlement to the return of cash is expected to commence on 11 June 2020, with a return of 110p per share on or around 30 June 2020.

Companies: Caledonia Mining Corporation Plc Com Shs Npv Watchstone Group

  • 01 Apr 20
A seismic shift in the way we live and work

The Coronavirus pandemic is a human tragedy of vast proportions – as well as the terrible human toll, COVID-19 has led to economies across the globe going into physical lockdown and financial freefall. Entire populations are adapting to the “stay at home” edict, to safeguard the vulnerable – and some of these changes will lead to long-lasting or perhaps permanent changes in the way we live or work. This note describes some of our client companies whose business models are well adapted to these changes, or who might see a change in long-term structural demand.

Companies: AMO BGO FDM GAMA KAPE LOOP TERN ZOO

  • 08 Apr 20
Deepening the connections

The delayed FY 2019 results are a slight beat on YE guidance, but more importantly they reflect a change in the business model as the maturing PTRO is able to persuade customers to sign recurring revenue contracts rather than buying one-off licences; deepening its relationship with its customers as it deepens their connections to their subscribers. By changing its model, PTRO is sacrificing the growth from upfront revenue and cash, in return for much greater quality and security and in fact more revenue over the full lifespan of the contracts. In the long term, this is an excellent and necessary shift; however, it does have that near-term impact on growth and cashflow. Otherwise, PTRO is reporting ‘business as usual’ for its customers despite COVID-19. PTRO is operating home working and benefits as its USD-denominated revenue rises, travel costs are curtailed and mobile telecom usage increases across the world. We adjust FY 2020 forecasts for the results but continue to expect revenue and earnings growth.

Companies: Pelatro
  • 01 Apr 20
Cenkos: Seeing Machines Ltd -- Auto license deal with $5m upfront

Seeing Machines Limited has announced that it has won a pre-production license deal with a major Automotive Tier 1 partner. This has been entered into under the terms of a pre-existing non-exclusive Collaboration Agreement to provide Seeing Machine's Driver Monitoring System (DMS) technology for an ongoing Automotive programme. For this Seeing Machines will receive a non-refundable pre-production license fee of US$5m before 30 June 2020, in addition to future volume based royalty payments for the above mentioned Automotive programme. Seeing Machines will retain all intellectual property rights associated with its DMS technology licensed to the counterparty under the Agreement.

Companies: Seeing Machines
  • 08 Apr 20
Balance sheet strengthened to deal with COVID delays

FY Mar 2020 results appear to be ahead of expectations with revenue of £18.8m against our £17.5m forecast (as revised last month); we adjust our expectations accordingly. COVID-19 restrictions are of course imposing delays on both existing projects and the imminent signing of the new contracts due in the Middle East. To deal with this, SRT has implemented an operating plan to reduce costs and has significantly strengthened its cash position, raising between £2.8m and £7.3m. This is being done through a £1.8m equity raise; a £1.0m issue under the existing Secured Medium Term Note Programme; and an application to its main bankers for a facility of up to £4.5m under the Coronavirus Business Interruption Loan Scheme. The funding will enable SRT to maintain the required levels of development and deployment through the current period of restrictions. We are withdrawing our FY Mar 2021 forecasts pending greater visibility.

Companies: SRT Marine Systems
  • 06 Apr 20
Cenkos: Corero Network Security plc -- Big move to a recurring model

The FY19A results show both very strong growth in recurring revenues. These recurring revenues now form a substantial majority of Group sales. This transition in the business model reduces reliance on lumpy hardware sales and helps de-risk the investment. The macro environment lends caution but Corero is in its best shape for years.

Companies: Corero Network Security
  • 02 Apr 20
Interims “on track” with software focus

A strong interim period to January 2020 delivered the expected £26m revenue as reported in the February trading update, with a 31 January net cash balance also of £26m – EBITDA of £5.6m (post IFRS16), and adjusted PBT of £4.6m highlighting a strong performance. The Group has unchanged strategic ambitions – organic growth and M&A, both in evidence in Rail Technology & Services (RT&S) with 13% organic growth and the post period end acquisition of iBlocks. We withdrew forecasts last week due to the impact of COVID-19 on the 2H-weighted Traffic & Data Services business, given the exposure to cancelled large scale summer events, and uncertainty over traffic surveys; however, the potential for the Group is unchallenged when the world normalises. New contract wins, new product launches, new acquisitions and a hearty balance sheet continued to offer significant upside in 1H and post period end. Target price 900p remains based on our FY21 forecasts, which in theory should be consistent with previous forecasts and we look forward to reinstating numbers when the virus dust settles.

Companies: Tracsis
  • 19 Nov 19
Strong interims and exciting long term prospects

Interims reveal a particularly strong trading period for the group, with underlying organic sales growth accelerating to +20% c/c (previously mid-single digit), underpinned by both strong trading in the US (+c.50% u/l) and the UK (+11%). Additionally, Eckoh benefitted from a large perpetual Coral licence deal, bringing reported sales growth to +37%. In our view, these results speak to the strong proposition, opportunity and momentum Eckoh across its markets. We leave FY u/l forecasts unchanged but acknowledge they look more than achievable. Currently trading on a 5% FCF yield, rising to 6% in FY21E, we think Eckoh offers a unique investment opportunity.

Companies: Eckoh