Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on ACTUAL EXPERIENCE PLC. We currently have 15 research reports from 2 professional analysts.
|03Feb17 16:30||RNS||Posting of Report & Accounts and Notice of AGM|
|31Jan17 08:00||RNS||Exercise of Options|
|19Jan17 07:00||RNS||Final Results|
|29Nov16 07:00||RNS||Exercise of Options|
|24Nov16 07:00||RNS||Three year Framework Agreement with Accenture|
|19Aug16 12:15||RNS||Exercise of Options|
|07Jun16 16:19||RNS||Director/PDMR Shareholding|
Frequency of research reports
Research reports on
ACTUAL EXPERIENCE PLC
ACTUAL EXPERIENCE PLC
N+1 Singer - Actual Experience - 2017 – a milestone year for revenue
19 Jan 17
A channel or partner strategy typically proves to be a long journey, but getting it right rewards patience with global reach and more amplified revenues than a direct strategy would have done. 2016 reflects the significant investments AE has made to support the rollout of its technology to the customers of the four significant channel partners it has secured to date. After all the hard work to progress the partnerships to revenue generation, the group indicated that it expects one or more of its channel partners to generate significant revenues in the coming year. An illustrative revenue model we have built shows a partner could potentially generate revenues of $1.6m in year 1, growing to $50.1m in year 5. Our bullish stance on the company is in the context of this potential revenue profile, the partnerships already secured, and the potential for many more.
N+1 Singer - Morning Song 19-01-2017
19 Jan 17
Actual Experience (ACT LN) 2017 – a milestone year for revenue | Bagir Group (BAGR LN) Independent NED appointment to strengthen Board composition | Bioquell (BQE LN) Reassuring pre-close statement | Carador Income Fund (CIFU LN) Q4 dividend increased to 2.75c, 0.5c higher than forecast | FreeAgent (FREE LN) Contract with Royal Bank of Scotland | Halfords Group (HFD LN) Excellent Q3 update, special divi and confidence in FX mitigations | N Brown Group (BWNG LN) Robust peak trading with reversal of drag from older titles | NCC Group (NCC LN) Interims confirm underlying business sound | St Ives (SIV LN) Downgrade | Summit Therapeutics (SUMM LN) Dr David Roblin appointed Chief Operating Officer and R&D President | Wilmington Group (WIL LN) Acquisition – Further scaling of Healthcare
N+1 Singer - Actual Experience - 3-yr framework agreement with Accenture
24 Nov 16
We are very bullish on Actual Experience and believe the group’s technology, addressable market and reach is capable of transforming the group into a much more valuable business than currently. The group’s ability to measure and analyse digital experience quality remains unique (validated by global partners) and has applicability to almost all enterprises globally giving it a very significant addressable market. The insight it provides is very valuable, helping business leaders make informed decisions on risk management, customer service, brand development and capital allocation. As with all technology companies, effective sales and distribution is crucial to maximise potential. Actual Experience has predominantly a channel strategy – today’s announcement of a 3-yr framework agreement with Accenture, its 4th global channel customer, should further drive the rollout of this technology globally. We remain very excited about the group’s future.
N+1 Singer - Morning Song 24-11-2016
24 Nov 16
Abzena (ABZA LN) Positive Phase I/II data on Abzena inside programme OPN-305 | Actual Experience (ACT LN) 3-yr framework agreement with Accenture | CVS Group (CVSG LN) Strong AGM prompts double-digit upgrades | Euromoney Institutional Investor (ERM LN) No change to outlook | Futura Medical (FUM LN) Forecast update post equity capital raise | Marston’s (MARS LN) Solid finals and reassuring tenor | Sigma Capital Group (SGM LN) Milestone reached: 1000th PRS home completed and let | UDG Healthcare (UDG LN) In line prelims, outlook intact
Poised for execution
25 May 16
Actual Experience is now engaged with four major technology businesses, three of whom have signed multi-year framework agreements for the distribution of its analytics service. Today’s H1’16 interims do not reflect the significant potential of these agreements but as implementation ramps up (Verizon Enterprise Solutions being the most advanced), we believe the opportunity will become more evident. The balance sheet remains strong with £12.3m of cash, supporting the group as it invests in the infrastructure to support these partners. Strong execution of the implementation phase with existing partners is crucial to drive momentum; the applicability of AE’s technology is nearly universal but it needs its partners to provide the amplification effect. We remain highly excited about its prospects.
20 Feb 17
Hayward Tyler Group* (HAYT): Trading update and financial position (CORP) | Petra Diamonds (PDL): Interim results (BUY) | Gemfields* (GEM): Interim results (CORP) | Premaitha Health* (NIPT): Middle East momentum (CORP) | Sound Energy (SOU): Acquisition update and TE-8 well spud (HOLD) | Proactis* (PHD): Interim trading on track (CORP) | 7digital* (7DIG): Automotive contract win (CORP)
N+1 Singer - NCC Group - Further issues in Assurance
22 Feb 17
NCC released a trading update yesterday afternoon highlighting further issues in its Assurance division. Sales growth has been lower than expected in all regions, resulting in a significant reduction in full year expectations. We have reduced our EPS forecasts by 25% in FY’17 and 22%/25% in FY’18/’19 respectively. Escrow continues to perform in line with expectations. In response to these issues the Board has announced a strategic review into all of the Assurance businesses. The results of the strategic review are expected to be announced at the FY results in July. With an extended period of uncertainty on the horizon we believe it will be hard for investors to gain confidence in NCC in the short term. That said we see fundamental value in the stock. Escrow is unaffected by this warning and remains an extremely high quality business, which we value at £353m in our SOTP. At the current share price this leaves Assurance valued at c.5x cal’17 EBITDA. While this appears to be an attractive multiple for a rare cybersecurity asset, we would like further clarity on the underlying nature of the current issues, hence our Hold recommendation. Our 138p target price assumes a 12x EBITDA multiple for Assurance but we apply a 20% discount to the group to account for the current uncertainty.
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
21 Feb 17
Lighthouse Group* (LGT): Middle Britain growth (CORP) | Utilitywise* (UTW): Double-digit sales growth (CORP) | Trakm8* (TRAK): Earnings expectations cut again (CORP) | dotDigital* (DOTC): Myriad growth opportunities (CORP) | Artilium* (ARTA): Five-year Telenet deal secured and prepaid (CORP) | Netcall* (NET): Cloud investment pays off (CORP)
N+1 Singer - Small-cap quantitative research - New quality style screen + 11 quality focus stocks
09 Feb 17
We introduce our fourth and final style screen representing “quality”. This screens for stocks with the best combination of high returns on capital/equity, EBIT margins and operating cash-flow conversion rates. These criteria should help us monitor how strong underlying returns translate into share price performance over time and under varying market conditions. The screen selects the “best” 25 stocks from our universe of just over 500 stocks and, as usual, we focus on a shorter list of stocks we cover or otherwise know and believe to be particularly interesting. We provide brief investment summaries on these focus stocks on pages 4 – 9. We will monitor performance and refresh the screen in approximately 3-4 months time.