Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on CXENSE ASA. We currently have 2 research reports from 1 professional analysts.
Frequency of research reports
Research reports on
N+1 Singer - Marketing Technology - Up close and personal
03 Apr 17
In this note we explore the marketing technology (MarTech) landscape, which has evolved rapidly in recent years and become increasingly complex. We believe MarTech offers interesting opportunities for investors given the size of the market and its rapid growth. Corporate investment in marketing technologies has been fuelled by an explosion in digital content consumption, resulting from growth in digital channels, increased internet penetration, smartphone adoption and new content distribution models. This has presented significant data-driven challenges for marketers, who have been forced to invest in new technologies to help them deal with these challenges and market more effectively. We examine some of the key trends in the market and highlight a select list of technology providers that we believe warrant investor attention. These are ATTRAQT Group, Cxense ASA, dotdigital Group, First Derivatives, mporium Group and SDL.
Earnings upgrade following acquisition
17 Apr 17
Following the recent acquisition of Ingresso we upgrade our estimates by c10% in 2017. Ingresso owns and operates a software platform which enables sales through global third party distribution channels. This looks another smart acquisition by ACSO who continue to create a more efficient flow in the extremely fragmented leisure and ticketing industry. We increase our T/P to 2000p and upgrade to BUY.
N+1 Singer - Servelec Group - Calling the bottom
20 Apr 17
We are increasingly confident that Servelec’s travails are behind it and the business is returning to growth. Recent share price weakness looks unwarranted in this context and the valuation now looks compelling. Our forecasts are essentially unchanged, but we see medium term upside as the group’s markets improve. Servelec remains a key idea for 2017 and we reiterate our Buy recommendation and 325p Target Price.
N+1 Singer - Morning Song 24-04-2017
24 Apr 17
First Derivatives (FDP LN) FY slightly ahead as strong trading momentum continues | Goals Soccer Centres (GOAL LN) A potentially exciting corporate development | mporium Group (MPM LN) 2016 results: course set for exciting 2017 | Vectura Group (VEC LN) VR315 risk outweighs longer-term potential
Pickup in H2 organic growth as expected
20 Apr 17
Headline revenue growth of 19% reflects a full half contribution of ID Scan and a pickup in organic growth to 12% across the year driven by the excellent performance from the higher margin international services. The mix effects of this growth resulted in EBIT of £17m, 4% ahead of our forecasts, and a 1.1pp improvement in the operating margin.
19 Apr 17
Lombard Risk Management* (LRM): Beats demanding growth and profit forecasts (CORP) | Frontier Developments* (FDEV): Steaming ahead (CORP) | Tax Systems* (TAX): Right place, right time (CORP) | Acal (ACL): Stronger H2 and brighter outlook (BUY) | Fenner (FENR): Interim results signal upgrades (BUY) | Minds + Machines* (MMX): US and Europe domain sales (CORP)