Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on EG SOLUTIONS PLC. We currently have 46 research reports from 6 professional analysts.
|15Nov16 07:00||RNS||New Contract Win|
|01Nov16 07:00||RNS||Director/PDMR Shareholding|
|27Oct16 07:00||RNS||Secures first landmark contract in Asia Pacific|
|21Sep16 07:00||RNS||Half Yearly Report|
|18Aug16 07:00||RNS||New Contract Win|
|04Jul16 07:00||RNS||Appointment of Chief Financial Officer|
|17Jun16 07:00||RNS||Appointment of Non-Executive Director|
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Research reports on
EG SOLUTIONS PLC
EG SOLUTIONS PLC
Joy of Techs
21 Nov 16
ICT evolution is driven by technological development as advances are made which both meet and shape customer requirements. Our 2011 note No such thing as a telco described the modern reality in that former ‘telcos’ now deliver varying elements of a range of managed services. We built on this theme last year, exploring in further detail their evolutionary paths, operating fundamentals, and cashflow yield similarities. In the consumer environment, demand for bundles of technology is complemented by demand for content. Across the pond, the mooted combination of AT&T and Time Warner typifies the bundled need of ‘pipe’ and content, since unbundled alternatives such as FaceTime and WhatsApp can be easier and clearer to chat over, and Amazon and Netflix are easier to watch anywhere. In the UK, BT’s defensive actions cover delivery, content and capabilities, acquiring EE yet also buying football rights. While TV was long ago added to triple play to become quad play, voice is now merely an app, and fixed and mobile seen as just dumb pipes: it's the content that will influence consumer choices. Growth of TV and film as well as music and gaming over IP leads to UK small cap opportunities. In context of the drive to maximise value from pipes and access by offering content and data, we look at some amongst the potential tech small cap beneficiaries: Amino*, Keyword Studios, ZOO Digital*, 7digital*, KCOM* and CityFibre*.
15 Nov 16
eg solutions* (EGS): New contract shows the full range of eg’s solution (CORP) | Hayward Tyler* (HAYT): Interims highlight significant 2H weighting needed (CORP) | Carclo (CAR): Decent Interim performance – on track for FY (BUY) | Wentworth Resources (WRL): Q3 results (BUY) | Castleton* (CTP): Australian contract win (CORP) | Artilium* (ARTA): Another new MVNO agreement signed (CORP) | Redcentric* (RCN): Appointment of forensic accountants and interim CFO (CORP)
N+1 Singer - Morning Song 27-10-2016
27 Oct 16
The company has secured its first direct win in the Asia Pacific region, a c£500k contract to deploy the eg operational intelligence suite in the Consumer Banking division of a leading financial services group based in Singapore. This deal is expected to deliver follow-on revenues and highlights the potential for eg to expand its presence in this market directly. We make no changes to our forecasts, recommendation or target price.
N+1 Singer - eg solutions - Strong finish bodes well for second half and beyond
21 Sep 16
A disappointing early start to the year has reversed into strong recent contract win momentum and a healthy (£16.2m) order book. Management has reduced corporate overheads and increased investment in sales and channel in recognition of the need to scale up revenue-generating resource. While we have reduced our current year revenue and EBITDA estimates by c8%, we leave our FY 2018 estimates unchanged as we have confidence in the deliverability of our 2018 numbers given recent contract wins, the strength of the order book and growing distribution channels. We continue to believe that this business has an industry-leading product and a significant market opportunity.
N+1 Singer - Morning Song 21-09-2016
21 Sep 16
Sinclair’s interim results for the six-month period to 30th June are in line with expectations and the company’s trading update in July, with revenue of £17.3m and a strong balance sheet at period-end in spite of significant deferred consideration payments during the period. The potentially transformational US launch of Silhouette Instalift™ is ongoing since August, backed by ThermiGen’s 65-strong sales force. We remain at Buy with a target price of 42p.
Taking a prudent road
28 Nov 16
As flagged in September, H1 2017 profit is indeed below LY; adj. PBT of £0.5m compares with £1.5m in H1 2016 as Trakm8 invests heavily in new technology and acquisition integration. Management remains confident in another very strong H2 performance and in particular is focused on closing a couple of large high-margin software-related sales which would see the group meeting the original FY 2017 expectations of £5.9m adj. PBT. However, should these fall outside the March year-end, profits are only likely to be in line with last year’s £3.9m, albeit on a growing revenue base. Prudence dictates we assume a worst-case scenario in our forecasts so that surprise is only in the upside – if the deals close in the year, the company will meet those original revenue and profit expectations.
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.
Deal beefs up media & broadcast operations
28 Nov 16
SCISYS is acquiring Germany-based ANNOVA Systems for an estimated deal value of £15.3m. ANNOVA is a leading supplier of software-based editorial solutions to the media sector. It has a track record of generating strong revenue growth and in 2015 won a landmark contract with the BBC, which underpins financial forecasts for 12 years. ANNOVA complements SCISYS’s dira! product offering for radio broadcasters, extends the group’s capabilities into television and creates cross-selling opportunities. The deal significantly boosts earnings, aided by cheap debt financing costs, and is value enhancing on our assumptions. Consequently, we believe the stock continues to look attractive on c 10x our FY17e earnings.
N+1 Singer - Morning Song 29-11-2016
29 Nov 16
Vp has reported another impressive set of interims, confirming strong growth in most markets and a positive outlook. Recent acquisitions are bedding in well and the full year outturn is set to exceed previous expectations (5%/6% EPS upgrades in FY17/FY18). The recent Capital Markets Day provided a reminder of Vp’s qualities (specialist focus, high returns, strong cash generation) and its growth potential, which in our view are not reflected in a modest <11x P/E rating. We firmly believe the shares are due a re-rating and see intrinsic value in excess of 800p.