Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on SABIEN TECHNOLOGY GROUP PLC. We currently have 4 research reports from 2 professional analysts.
|20Apr17 16:45||RNS||Holding(s) in Company|
|20Apr17 16:03||RNS||Holding(s) in Company|
|20Apr17 11:15||RNS||Holding(s) in Company|
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|20Apr17 11:11||RNS||Holding(s) in Company|
|18Apr17 16:56||RNS||Total Voting Rights|
|18Apr17 11:51||RNS||Result of GM|
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SABIEN TECHNOLOGY GROUP PLC
SABIEN TECHNOLOGY GROUP PLC
Pilot programme working
03 May 16
We are most encouraged by today’s update on the pilot programme in which the company has said it is on track to complete at least 34 pilots in the 2015-16 heating season. This compares to eight in 2014-15 and its target of up to 35 this financial year. Importantly, there is already the positive anticipated traction on the sales pipeline with 10 of those completed, adding an expected £3.5m. With a trading update scheduled for early June, we make no changes to any of our forecasts and reiterate our 50p DCF-derived TP and Buy rating.
Pilot programme showing promise
09 Feb 16
The key elements of the interims in our view are that 30 UK pilots have been agreed for this heating season and that the sales pipeline has increased to £6.4m from the last-reported £5.8m. As anticipated the adj. LBT increased to £1.0m in the first half due to the extra costs incurred in increasing the pilot programme. It is encouraging that the company still anticipates meeting expectations for FY2016. With no changes in our forecast of the move towards profitability in FY2017, we reiterate our 50p DCF-derived TP and Buy.
Breaking through the glass ceiling
20 Jul 15
Sabien’s profitability has depended on whether a substantial contract shipped or not. In order to boost the size of its sales pipeline and potentially the speed of conversion, Sabien has raised c.£0.7m net to introduce a more aggressive piloting strategy. It will offer a “free” pilot instead of charging c.£20k and increase the number of pilots it runs in a year from 10 in FY2015, to up to 35 in FY2016 and 50 in due course. There will be extra costs in the shorter-term, but our 50p DCF-derived TP and Buy rating remain intact.
The tide is turning
20 Apr 17
Any investor worth their salt knows it is impossible to precisely call a bottom in a particular stock. For Gattaca, though, we believe this moment has now passed given the compelling valuation (6.9x EV/EBIT vs 9.8x sector average), attractive 9.8% unlevered cashflow yield and constructive secular trends supporting its specialist markets. Sure, Net Fee Income (NFI) like-for-likes (LFL) have fallen of late, yet equally there are now early indications that organic growth may soon turn positive.
19 Apr 17
We take a look at the supply and demand dynamics of the world’s largest diamonds. Less than 200 very large (>200 carat) gem quality diamonds have ever been found, yet 23 of these have been found in the past three years. This dramatic increase is being driven by a combination of the rapid increase in the number of billionaires and hence price and demand, combined with technological developments that have improved large diamond recovery and a certain amount of geological good luck.
Small Cap Breakfast
19 Apr 17
Global Ports Holding—Intention to float on Standard List. International cruise ports operator. Seeking $250m raise including $75m primary offer. Dorcaster—Schedule One Update. Admission now expected 3 May. RTO of Escape Hunt raising £14m at 135p Verditek— Intention to float on AIM. On Admission, the Company's subsidiaries will be involved in advanced solar photovoltaic, filtration and absorption technologies specialising in providing environmental services. Raising £3.5m. Admission in May. Eddie Stobart Logistics— Schedule 1. Admission expected 25 April but capital raising details TBC. ADES International Holding— Intends to join the Standard List in May raising up to $170m plus a vendor sale. Provider of offshore and onshore oil and gas drilling and production services in the Middle East and Africa. Admission expected in May. Tufton Oceanic Assets– Offer extended to 9 May to enable investors to complete further due diligence.
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)