Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on ARM HOLDINGS PLC. We currently have 9 research reports from 3 professional analysts.
|05Sep16 14:29||RNS||Appointment of directors to ARM Holdings plc|
|05Sep16 09:50||RNS||Scheme of Arrangement becomes effective|
|02Sep16 18:00||RNS||Temporary Suspension- ARM Holdings PLC|
|02Sep16 16:14||RNS||AGREEMENT REGARDING PAYMENT OF INTERIM DIVIDEND|
|02Sep16 12:22||RNS||PUBLIC DEALING DISCLOSURE|
|02Sep16 12:21||RNS||PUBLIC DEALING DISCLOSURE|
|02Sep16 12:15||RNS||PUBLIC DEALING DISCLOSURE|
Frequency of research reports
Research reports on
ARM HOLDINGS PLC
ARM HOLDINGS PLC
28 Jul 16
"The FOMC delivered much as expected. Rates were left on hold but, by stating that 'Near-term risks to the economic outlook risks have diminished', the door has been left open for its first rate hike since December 2015 with the hot money remaining on +25bp in September and another +25bp before the year end. Lacking new excitement, London equities are expected to open marginally down, with the FTSE-100 seen down between 5 and 10 points in early trade. US markets closed in a similar mood, with the Dow and S&P 500 left virtually unchanged, leaving only the technology-heavy NASDAQ celebrating better than expected results from Apple following the previous close. Sentiment in Asia continued to yo-yo on the longawaited Japanese stimulus package, forcing the Nikkei to give back half of yesterday's gains, while the Shanghai Composite remained nervous amid threats of new regulation on wealth management products, leaving only the commoditydominated ASX enjoying a small positive by the close. Amongst UK corporates, investors are now able to put a figure on the cost to BHP Billiton (BLT.L) shareholders over the Samarco Dam disaster, with the company indicating a US$1.1bn to US$1.3bn provision, while in yesterday's statement GSK's (GSK.L) Board suggested the post-Brexit fall in Sterling presents a mix of new challenges to the Group. This morning, UK markets anticipate release of the Nationwide House Price Index along with a heavy clutch of results including, Anglo American (AAL.L), AstraZeneca (AZN.L), BAE (BA..L), Centrica (CNA.L), Diageo (DGE.L), Rolls Royce (RR..L), Royal Dutch Shell (RDSA.L) and Weir Group (WEIR.L)." - Barry Gibb, Research Analyst
19 Jul 16
"With few significant new stories emerging overnight, equities in London will probably give back some of the M&A inspired gains recorded yesterday following Softbank's generous cash offer for UK technology stock, ARM Holdings. With crude oil prices seemingly stuck around their two-month low on continuing concerns of a glut in the face of much predicted slowing economic activity, the FTSE-100 is seen opening around 23 points lower this morning. US equity markets all gained modestly once again, leaving the Dow Jones with another record closing on Monday led mainly by financials, while the tech-heavy NASDAQ put in the best gains of the session. Asia closed mixed, with the Nikkei chalking up its sixth consecutive gain on Tuesday as it resumed trading after Friday's public holiday amid continuing anticipation its government's pending provision of new economic stimulation, although heavily indebted Softbank was sharply sold off on concerns that it may be overpaying for its proposed acquisition. Elsewhere, Chinese and Korean stocks weakened while Australia's commodity heavy market remained quiet with light trading. Today in London, politicians and lawmakers will continue heated discussions regarding the UK's proposed renewal of its Trident nuclear programme, while the Financial Stability Oversight Council will again discuss the effects of future actions to effect Brexit. Data watchers should anticipate UK Inflation and producer price data, along with release of the national House Price Index. No major corporates are due to release results this morning, although a trading update is expected from Royal Mail." - Barry Gibb, Research Analyst
19 May 16
London equities are set for a relatively sharp decline on this morning's opening, with the FTSE-100 seen down as much as 1%, or around 60 points, during first trades. Driving this are the concerns expressed by the Federal Open Market Committee yesterday afternoon, which left investors with a sharp warning that an interest-rate increase is still a possible outcome from June's policy meeting should the domestic economy sustain its recent improvement. Fed Policy makers also raised additional concerns about the scope of their macroprudential tools required to sustain financial stability across the broader US economy. Japan and China made modest gains overnight, while most other Asian markets recorded small losses as investors similarly reflected on the cautions contained in the Fed minutes. Today, investors should expect UK retail sales data and the release of ECB policy meeting minutes, followed by US leading indicators, weekly jobless claims and a speech by Fed's Dudley this afternoon. Results are expected from 3i, Booker, Britvic, Investec, National Grid, Royal Mail andThomas Cook.
Royalties above expectations, as well as opex
20 Apr 16
ARM reported Q1 revenues of $398m, a 2.4% sequential decrease but an increase of 14.3% yoy. In sterling, revenues reached £276.4m, corresponding respectively to a sequential increase of 2.7% and 25.4% yoy. Licensing revenues have increased by 11.3% yoy to $148.3m, for a 6.4% sequential decrease, while royalty revenues were flat sequentially and increased by 16.8% yoy to $215.7m. Thirty-nine licences have been signed during the quarter, of which four were v8. The gross margin reached 96.5%, a slight increase (+20bp) on the previous quarter. The normalised operating margin came in at 48.6%, a 190bp sequential decrease caused once again by a substantial jump in operating expenses (£132.9m vs. £123.9m), while the IFRS operating margin reached 39.7%, down 130bp sequentially and 490bp yoy. This led to a normalised profit before tax of £137.5m (£112m in IFRS). Due to the current slowdown in the smartphone market, the company expects the full-year 2016 dollar top-line to grow by c. 7.5%.
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.
Positive trading update
13 Apr 17
Ahead of the April half year close PRSM has updated the market as they expect the Full Year results to be significantly ahead of market expectations. Software deal momentum continues to be very strong. They have signed 151 deals in the 5 months to March which compares very favourably with the 2016 full year of 189 deals. Half year results will be released on 27th June.
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.
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.