Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on IDEX ASA. We currently have 4 research reports from 1 professional analysts.
|30Nov16 07:00||GNW||IDEX fingerprint sensor in flagship model launched from Taiwanese OEM|
|23Nov16 07:07||GNW||IDEX to showcase its flexible card touch sensor at Trustech Conference in Cannes|
|23Nov16 07:06||GNW||Share capital increase in IDEX registered|
|17Nov16 07:00||GNW||IDEX ASA - Mandatory notification of trades|
|10Nov16 07:55||GNW||IDEX ASA - Presentation of third quarter 2016 results|
|10Nov16 07:01||GNW||IDEX ASA - Interim report for the third quarter 2016|
|10Nov16 06:56||GNW||Mandatory notice of trade in IDEX|
Frequency of research reports
Research reports on
Commercialising in 2016
29 Feb 16
IDEX reported its FY 2015 results last Friday. The operating milestones achieved during the year show the significant strides made to transform a development company that has industry-leading intellectual property and know-how into a commercial enterprise. The milestones delivered particularly in the last 2-3 quarters point to an exciting year ahead of commercialisation with volume shipments across different product lines underscoring the group’s progress across the three mass markets of mobile devices, ID & smart cards and the Internet of Things. It has a very strong balance sheet ($87m of cash, no debt) that can support its expanding organisation to address customer demand across its markets. We believe prospects remain very exciting given the limited number of players that can truly exploit the global opportunity in each of its addressable markets.
Significant step in unlocking smartcards market
29 Jun 15
In our research published 11 Feb 2015 (“2015: A Pivotal Year), we highlighted that IDEX is one of a small number of independent vendors with core IP to address the emerging significant opportunity for fingerprint sensors in the consumer market. This includes the non-Apple mobile market, the ID and Smartcards market, and the Internet of Things. Today’s announcement of a strategic partnership with an undisclosed global payments company for the development of a worldwide biometric payment card programme is a strong validation of IDEX’s technology and is an important milestone in opening up one of the key mass markets for its technology.
Panmure Morning Note 30-11-2016
30 Nov 16
RPC, the international plastics products design and engineering group, has delivered yet another strong set of results (1H17 EBITDA +65%, EPS +45%). At the interim stage PBT was +66% (materially better than we had forecast). Topline growth has principally being driven by acquisitions (GCS + BPI), though organic remains a feature (and crucially remains at levels consistent with FY16). The two recent acquisitions have quickly been assimilated into the panEuropean platform and management has raised cost synergy guidance (again).
N+1 Singer - Morning Song 30-11-2016
30 Nov 16
Sanderson has delivered full year results in line with expectations and the 19 October trading update after a strong finish to the year compensated for a slower start. A healthy level of pre-contracted recurring revenue (50%), incremental sales to existing customers and new customer wins at higher average order values helped deliver solid revenue growth in both the Digital Retail (+9%) and Enterprise (+12%) divisions. A decent order book and good sales momentum suggest that the company is on track to deliver on unchanged profit expectations for the current year. We continue to view the valuation (FY17 EV/EBITDA 8.6x) as undemanding given an attractive combination of accelerating growth potential, strong cash generation and growing dividends.
Panmure Morning Note 02-12-16
02 Dec 16
Today James Halstead will be holding its 101st AGM. Trading during the first part of FY17 has been mixed, with some notable challenges. However, movements in FX (i.e. weak sterling) is boosting reported earnings, offsetting UK volume trends and pricing pressures. Whilst earnings are likely to be second half weighted, the picture is in-line with expectations and we are leaving our FY17 PBT estimates unchanged (£47.4m in FY17 vs £45.4m FY16).
02 Dec 16
On 30 September 2016, when the company announced its full year results, it reported that the UK business had seen a slow start to the year, with particular weakness in repair and renewal spending by the NHS as well as “reticence” in the education sector. However, with the UK only representing about a third of the business, this weakness was expected to be more than offset by the positive effect of a weakened sterling on its overseas business, given the benefits for competitiveness and margins.
06 Dec 16
600 Group* (SIXH): Interim results: order book showing signs of improvement (CORP) | Real Good Food* (RGD): Commodity volatility impacts numbers (CORP) | Minds + Machines* (MMX): .vip goes live in China (CORP | Imaginatik* (IMTK): Interims (CORP) | iomart* (IOM): Quality business as usual (CORP) | Fulcrum (FCRM): Upgrades continue (BUY)