Equity Research, Broker Reports, and media content on Bigdish

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  • 17 Oct 19
BigDish CEO Sanj Naha updates on rollout as London goes live
bigdish-ceo-sanj-naha-updates-on-rollout-as-london-goes-live
  • 17 Oct 19
BigDish CEO Sanj Naha updates on rollout as London goes live
bigdish-ceo-sanj-naha-updates-on-rollout-as-london-goes-live
  • 23 Sep 19
BigDish updates on new territory launches ahead of busy fourth quarter
bigdish-updates-on-new-territory-launches-ahead-of-busy-fourth-quarter
  • 23 Sep 19
BigDish updates on new territory launches ahead of busy fourth quarter
bigdish-updates-on-new-territory-launches-ahead-of-busy-fourth-quarter
  • 19 Mar 19
Small Cap Feast

Network International Holdings—Potential Intention to Float— leading enabler of digital commerce across the Middle East and Africa region, operating across over 50 highly underpenetrated payment markets that contain a total population of 1.5 bn. 2018 rev $298m, underlying EBITDA $152m. Techniplas –global producer and support services company providing highly engineered and technically complex components, making the supply chain to original equipment manufacturers more efficient. FYDec17 rev $515m. Diaceutics, a data analytics and implementation services company which services the global pharmaceutical industry, due to join AIM 21 March. Mkt Cap c. £53m Raising £17m at 76p.

Companies: KZG VLE INFA NAH TRB NSCI DISH MSMN PTRO TUNE

  • 19 Mar 19
Small Cap Feast

Network International Holdings—Potential Intention to Float— leading enabler of digital commerce across the Middle East and Africa region, operating across over 50 highly underpenetrated payment markets that contain a total population of 1.5 bn. 2018 rev $298m, underlying EBITDA $152m. Techniplas –global producer and support services company providing highly engineered and technically complex components, making the supply chain to original equipment manufacturers more efficient. FYDec17 rev $515m. Diaceutics, a data analytics and implementation services company which services the global pharmaceutical industry, due to join AIM 21 March. Mkt Cap c. £53m Raising £17m at 76p.

Companies: KZG VLE INFA NAH TRB NSCI DISH MSMN PTRO TUNE

  • 05 Feb 19
THE MONTHLY February 2019

This Investment Research Paper addresses the issue of renewable power generation in the UK and in mainland Europe, which – after the deep-seated financial crisis of 2008/09 and the ensuing recession – now has better prospects of achieving critical mass. It also considers investment perspectives.

Companies: OPM AVO AJB AGY ARBB AVCT DISH BUR CLIG CSH DNL DPP GTLY GDR HAYD KOOV MCL MUR NSF OXB PCA RE/ REDX STX SCE SIXH TRX TON VAL VTA W7L

  • 05 Feb 19
THE MONTHLY February 2019

This Investment Research Paper addresses the issue of renewable power generation in the UK and in mainland Europe, which – after the deep-seated financial crisis of 2008/09 and the ensuing recession – now has better prospects of achieving critical mass. It also considers investment perspectives.

Companies: OPM AVO AJB AGY ARBB AVCT DISH BUR CLIG CSH DNL DPP GTLY GDR HAYD KOOV MCL MUR NSF OXB PCA RE/ REDX STX SCE SIXH TRX TON VAL VTA W7L

  • 31 Jan 19
Small Cap Feast

Techniplas –global producer and support services company providing highly engineered and technically complex components, making the supply chain to original equipment manufacturers more efficient. FYDec17 rev $515m. Circassia Pharma (CIR.L) - specialty pharmaceutical company focused on respiratory disease transferring from the Main Market. No funds being raised. Due 4 Feb. Mkt Cap c.£185m. Chaarat Gold Holdings—RTO, the Company intends to acquire Kapan Mining and Processing CJSC, which owns the Shahumyan mediumsized polymetallic mine in Kapan in the Republic of Armenia. No raise, market cap of £110.1m, due early Feb

Companies: ANX COS SRT LSAI MRL DISH CRA MCL FEN RENE

  • 31 Jan 19
Small Cap Feast

Techniplas –global producer and support services company providing highly engineered and technically complex components, making the supply chain to original equipment manufacturers more efficient. FYDec17 rev $515m. Circassia Pharma (CIR.L) - specialty pharmaceutical company focused on respiratory disease transferring from the Main Market. No funds being raised. Due 4 Feb. Mkt Cap c.£185m. Chaarat Gold Holdings—RTO, the Company intends to acquire Kapan Mining and Processing CJSC, which owns the Shahumyan mediumsized polymetallic mine in Kapan in the Republic of Armenia. No raise, market cap of £110.1m, due early Feb

Companies: ANX COS SRT LSAI MRL DISH CRA MCL FEN RENE

  • 16 Jan 19
Small Cap Feast

Circassia Pharma (CIR.L) - specialty pharmaceutical company focused on respiratory disease transferring from the Main Market. No funds being raised. Due 4 Feb.

Companies: NXR EKF DISH SEN SBIZ TWD YCA SOM BVC GETB

  • 16 Jan 19
Small Cap Feast

Circassia Pharma (CIR.L) - specialty pharmaceutical company focused on respiratory disease transferring from the Main Market. No funds being raised. Due 4 Feb.

Companies: NXR EKF DISH SEN SBIZ TWD YCA SOM BVC GETB

  • 15 Nov 18
Small Cap Feast

Kropz, an emerging plant nutrient producer with an advanced stage phosphate mining project in South Africa, a phosphate project in the Republic of Congo and exploration assets in Ghana, is looking to join AIM. Offer TBC, expected late Nov. Titon holdings—international manufacturer and supplier of ventilation systems and window and door hardware. No capital raise. Due 10 Dec. Mkt cap c.£22m. Greenfields Petroleum (TSX-V:GNF) production focused company with operated assets in Azerbaijan seeking AIM dual listing including $60m private placement. Mkt cap $12.6m CAD Finncap—proposed acquisition of M&A adviser Cavendish Corporate Finance and AIM admission. Offer TBA Crossword Cybersecurity PLC* (NEX:CCS)—the technology commercialisation company focusing exclusively on the cyber security sector is investigating the possibility of AIM admission. The Company is proposing to raise up to £2.25 million before the end of December, conditional on Admission. The Panoply parent company of a digitally native technology services group founded in 2016 with the aim of identifying and acquiring best-of-breed specialist information technology and innovation consulting businesses across Europe, is looking to join AIM. Offer TBC, expected late November 2018.

Companies: TAM VRE LWRF DISH ACSO EVE BMV ACT LTG

  • 15 Nov 18
Small Cap Feast

Kropz, an emerging plant nutrient producer with an advanced stage phosphate mining project in South Africa, a phosphate project in the Republic of Congo and exploration assets in Ghana, is looking to join AIM. Offer TBC, expected late Nov. Titon holdings—international manufacturer and supplier of ventilation systems and window and door hardware. No capital raise. Due 10 Dec. Mkt cap c.£22m. Greenfields Petroleum (TSX-V:GNF) production focused company with operated assets in Azerbaijan seeking AIM dual listing including $60m private placement. Mkt cap $12.6m CAD Finncap—proposed acquisition of M&A adviser Cavendish Corporate Finance and AIM admission. Offer TBA Crossword Cybersecurity PLC* (NEX:CCS)—the technology commercialisation company focusing exclusively on the cyber security sector is investigating the possibility of AIM admission. The Company is proposing to raise up to £2.25 million before the end of December, conditional on Admission. The Panoply parent company of a digitally native technology services group founded in 2016 with the aim of identifying and acquiring best-of-breed specialist information technology and innovation consulting businesses across Europe, is looking to join AIM. Offer TBC, expected late November 2018.

Companies: TAM VRE LWRF DISH ACSO EVE BMV ACT LTG

  • 09 Nov 18
Most popular equity research this week | 5 - 9 Nov

See what's trending this week...

Companies: BNOCMHRE/SCEELCOARBBSIXHTONAPHMURITVAGYEMECLIGZOOGDRDPPOPMAVOCSHDNLOXBKOOVHAYDGMDNSFREDXVALGTLYW7LRREPHPPURPAVCTMCLVTABURDISH
  • 09 Nov 18
Most popular equity research this week | 5 - 9 Nov

See what's trending this week...

Companies: BNOCMHRE/SCEELCOARBBSIXHTONAPHMURITVAGYEMECLIGZOOGDRDPPOPMAVOCSHDNLOXBKOOVHAYDGMDNSFREDXVALGTLYW7LRREPHPPURPAVCTMCLVTABURDISH
  • 06 Nov 18
THE MONTHLY November 2018

In addition to Hardman’s monthly analysis of client stocks, the thorny issue of market disruption – a popular theme currently - is also addressed. In a wide-ranging article, Hardman’s utilities analyst, Nigel Hawkins, assesses the impact that market disruption has already made. In some sectors, notably telecoms and aviation, market disruption has been apparent for many years, as the rise of Vodafone, Ryanair and easyJet demonstrates. However, in some sectors, such as oil and housebuilding, structural changes have been modest – the dominance of the big players endures. For investors, there is real interest in those sectors where changes are underway. The UK groceries market, which may shortly become a duopoly, is a case in point. And, intriguingly, who knows if there is a company currently languishing in AIM, which will attain a £50bn market valuation within the next decade?

Companies: OPM AVO AGY APH ARBB AVCT DISH BNO BUR CMH CLIG CSH DNL DPP GTLY GDR HAYD KOOV MCL MUR NSF OXB PHP RE/ REDX SCE SIXH TON VAL VTA W7L

  • 06 Nov 18
THE MONTHLY November 2018

In addition to Hardman’s monthly analysis of client stocks, the thorny issue of market disruption – a popular theme currently - is also addressed. In a wide-ranging article, Hardman’s utilities analyst, Nigel Hawkins, assesses the impact that market disruption has already made. In some sectors, notably telecoms and aviation, market disruption has been apparent for many years, as the rise of Vodafone, Ryanair and easyJet demonstrates. However, in some sectors, such as oil and housebuilding, structural changes have been modest – the dominance of the big players endures. For investors, there is real interest in those sectors where changes are underway. The UK groceries market, which may shortly become a duopoly, is a case in point. And, intriguingly, who knows if there is a company currently languishing in AIM, which will attain a £50bn market valuation within the next decade?

Companies: OPM AVO AGY APH ARBB AVCT DISH BNO BUR CMH CLIG CSH DNL DPP GTLY GDR HAYD KOOV MCL MUR NSF OXB PHP RE/ REDX SCE SIXH TON VAL VTA W7L

  • 04 Oct 18
THE MONTHLY October 2018

We are in the midst of the Conference season for political parties and trade unions in Britain. We all have a lot on our minds, with generational constitutional issues to the fore, but these have come to the fore after many years of concerns building up about citizens’ ‘place in the world’.

Companies: OPM AGY ARBB AVCT DISH BNO BUR CMH CLIG DNL DPP GTLY GDR HAYD KOOV MCL MUR NSF OXB PHP RE/ REDX SCE SIXH TRX TON VAL VTA W7L

  • 04 Oct 18
THE MONTHLY October 2018

We are in the midst of the Conference season for political parties and trade unions in Britain. We all have a lot on our minds, with generational constitutional issues to the fore, but these have come to the fore after many years of concerns building up about citizens’ ‘place in the world’.

Companies: OPM AGY ARBB AVCT DISH BNO BUR CMH CLIG DNL DPP GTLY GDR HAYD KOOV MCL MUR NSF OXB PHP RE/ REDX SCE SIXH TRX TON VAL VTA W7L

  • 01 Oct 18
Small Cap Feast

PetroTal (TAL.TO) - The exploration and production company focused on oil assets in Peru is seeking a secondary AIM quoting before the end of 2018. Path Investments— First acquisition of a 50 per cent. participating interest in the producing Alfeld-Elze II gas field located 22 kilometres south of Hannover in Germany. Seeking £10m raise. Due early Oct Green Man Gaming—pure play e-commerce and technology company in the digital video games industry. revenue CAGR growth of 26.7% in the last three years to £47.5m. Due Mid October 2018. EBITDA Profitable. Offer TBA Crossword Cybersecurity PLC* (NEX:CCS)—the technology commercialisation company focusing exclusively on the cyber security sector is exploring its options in relation to a potential move to the AIM market of the London Stock Exchange which, if it were to proceed, would likely take place over the next few months.

Companies: SAR DISH BZT BST STX CAS ECK ABAL STAF TSI

  • 01 Oct 18
Small Cap Feast

PetroTal (TAL.TO) - The exploration and production company focused on oil assets in Peru is seeking a secondary AIM quoting before the end of 2018. Path Investments— First acquisition of a 50 per cent. participating interest in the producing Alfeld-Elze II gas field located 22 kilometres south of Hannover in Germany. Seeking £10m raise. Due early Oct Green Man Gaming—pure play e-commerce and technology company in the digital video games industry. revenue CAGR growth of 26.7% in the last three years to £47.5m. Due Mid October 2018. EBITDA Profitable. Offer TBA Crossword Cybersecurity PLC* (NEX:CCS)—the technology commercialisation company focusing exclusively on the cyber security sector is exploring its options in relation to a potential move to the AIM market of the London Stock Exchange which, if it were to proceed, would likely take place over the next few months.

Companies: SAR DISH BZT BST STX CAS ECK ABAL STAF TSI

  • 18 Sep 18
Growth set to gather pace

BigDish Plc is an early-stage revenue-generating technology company that has developed a yield management platform for the restaurant industry. BigDish’s proprietary platform allows restaurants to maximise their sales by offering available tables to diners at a discount, primarily during off-peak hours. It offers restaurants the ability to set their discounts and availabilities best suited to the restaurants’ needs. With this reservation platform, restaurants can select the level of discount and the maximum number of discount diners for any given moment. The discount is generally between 10% and 50%, which allows the restaurants to drive diners to book at off-peak times.

Companies: Bigdish
  • 18 Sep 18
Growth set to gather pace

BigDish Plc is an early-stage revenue-generating technology company that has developed a yield management platform for the restaurant industry. BigDish’s proprietary platform allows restaurants to maximise their sales by offering available tables to diners at a discount, primarily during off-peak hours. It offers restaurants the ability to set their discounts and availabilities best suited to the restaurants’ needs. With this reservation platform, restaurants can select the level of discount and the maximum number of discount diners for any given moment. The discount is generally between 10% and 50%, which allows the restaurants to drive diners to book at off-peak times.

Companies: Bigdish
  • 17 Sep 18
Small Cap Breakfast

Green Man Gaming—pure play e-commerce and technology company in the digital video games industry. revenue CAGR growth of 26.7% in the last three years to £47.5m. Due 28 Sep. EBITDA Profitable. Offer TBA Crossword Cybersecurity PLC* (NEX:CCS)—the technology commercialisation company focusing exclusively on the cyber security sector is exploring its options in relation to a potential move to the AIM market of the London Stock Exchange which, if it were to proceed, would likely take place over the next few months. Path Investments (PATH) -RTO of a 50 per cent. participating interest in the producing Alfeld-Elze II gas field located 22 kilometres south of Hannover in Germany. Seeking £10m. Offer TBA. Due Mid September Kropz PLC-Intention to float by the emerging plant nutrient producer with an advanced stage phosphate mining project in South Africa and exploration assets in West Africa

Companies: SKIN DISH CLON CTG ABAL 9537 HNG

  • 17 Sep 18
Small Cap Breakfast

Green Man Gaming—pure play e-commerce and technology company in the digital video games industry. revenue CAGR growth of 26.7% in the last three years to £47.5m. Due 28 Sep. EBITDA Profitable. Offer TBA Crossword Cybersecurity PLC* (NEX:CCS)—the technology commercialisation company focusing exclusively on the cyber security sector is exploring its options in relation to a potential move to the AIM market of the London Stock Exchange which, if it were to proceed, would likely take place over the next few months. Path Investments (PATH) -RTO of a 50 per cent. participating interest in the producing Alfeld-Elze II gas field located 22 kilometres south of Hannover in Germany. Seeking £10m. Offer TBA. Due Mid September Kropz PLC-Intention to float by the emerging plant nutrient producer with an advanced stage phosphate mining project in South Africa and exploration assets in West Africa

Companies: SKIN DISH CLON CTG ABAL 9537 HNG

  • 15 Aug 18
Initiation of Coverage

BigDish has developed a yield management platform for use in the restaurant industry. Currently operating in the Philippines, Hong Kong, Indonesia and the UK, the platform allows restaurants to improve sales by offering variable prices dependent on the time of a reservation. The wider food technology industry has seen a number of significant transactions completed over the past few years. Within BigDish’s peer group we identify a Series A funding round from competitor Eatigo which we believe justifies a minimum value for BigDish of 5.5p per share. However, we believe other funding rounds within the industry suggest a value of approaching 9.63p per share should BigDish meet its targets set at IPO. We initiate coverage with a stance of Speculative Buy & price target of 9.63p.

Companies: Bigdish
  • 15 Aug 18
Initiation of Coverage

BigDish has developed a yield management platform for use in the restaurant industry. Currently operating in the Philippines, Hong Kong, Indonesia and the UK, the platform allows restaurants to improve sales by offering variable prices dependent on the time of a reservation. The wider food technology industry has seen a number of significant transactions completed over the past few years. Within BigDish’s peer group we identify a Series A funding round from competitor Eatigo which we believe justifies a minimum value for BigDish of 5.5p per share. However, we believe other funding rounds within the industry suggest a value of approaching 9.63p per share should BigDish meet its targets set at IPO. We initiate coverage with a stance of Speculative Buy & price target of 9.63p.

Companies: Bigdish

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Bigdish. We currently have 11 research reports from 3 professional analysts.

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  • 17 Feb 20
CloudCall

New CRM partnership with Vincere

Companies: Cloudcall Group
  • 18 Feb 20
Crimson Tide*

Commercial momentum continues with Rail win

Companies: Crimson Tide
  • 17 Feb 20
Nanoco Group - Patent infringement lawsuit filed against Samsung

Nanoco has announced that it has filed a patent infringement lawsuit against Samsung. The lawsuit alleges that Samsung has wilfully infringed the patents relating to Nanoco’s unique synthesis and resin capabilities for quantum dots. Nanoco is seeking a permanent injunction from further acts of infringement and unspecified but significant monetary damages.

Companies: Nanoco Group
  • 30 Jan 20
Cenkos: Seeing Machines Ltd -- H1/20 Trading Update

Seeing Machines has announced a trading update for the six months ended 31 December 2019 (H1/20) where it expects to report revenue of A$15.8m (A$13.5m for H1/19). It finished the period with 20,551 Guardian units installed, representing a forward Annualised Recurring Revenue (ARR) run rate of A$13.2m, and the Board%u2019s guidance for FY20 remains unchanged (revenues of A$45-50m and ARR at 30 June 2020 of A$18-20m).

Companies: Seeing Machines
  • 19 Nov 19
Strong interims and exciting long term prospects

Interims reveal a particularly strong trading period for the group, with underlying organic sales growth accelerating to +20% c/c (previously mid-single digit), underpinned by both strong trading in the US (+c.50% u/l) and the UK (+11%). Additionally, Eckoh benefitted from a large perpetual Coral licence deal, bringing reported sales growth to +37%. In our view, these results speak to the strong proposition, opportunity and momentum Eckoh across its markets. We leave FY u/l forecasts unchanged but acknowledge they look more than achievable. Currently trading on a 5% FCF yield, rising to 6% in FY21E, we think Eckoh offers a unique investment opportunity.

Companies: Eckoh
  • 21 Oct 19
Quarterly Research Outlook Autumn 2019

Following continued delays of a Brexit agreement, few sectors within the UK market have remained attractive to investors despite low valuations. One sector which has continued to outperform despite the political drama has been the UK video gaming sector (henceforth UK gaming), which we are fans of. We believe a combination of sector-leading growth, strong cash conversion and timely cyclical positioning support our positive view on the UK video gaming sector.

Companies: ABBY AMS ANX ARS ATYM AVON BLVN PIER BUR CGS CAML CDM CSRT TIDE CYAN DTG DEMG ELM EMR FPO FDEV GTLY GENL GHH GRI GEEC GKP HMI HAYD HEAD HILS HTG HUR IBPO IOG INDI JHD JOG KAPE KEYS KWS KCT KGH LAM LIT LOK MACF MANO MOD OXIG PCA PANR APP SRE PHC PMO RBW RMM RBGP REDD RSW RNO ROR SUS SCPA SEN SHG SOLG SOM SUMO TM17 INCE TWD TRAK TRI VNET VTC ZOO ZTF

  • 19 Feb 20
WHI Morning Comment: Pennant International (PEN)

New £5m contract win heralded – expected to convert in 2020 News from PEN this morning that it has received a Statement of Intent for a contract to supply training aids to a long-standing client in the Middle East adds yet another piece to the 2020 jigsaw, assuming conversion. With £20m revenues forecast for the current year, and the company “optimistic” about conversion FY20E, the extra £3m anticipated for 2020 looks like taking estimated revenue cover in the current year from 70%-plus to more like c.85%. We see this as a very healthy figure at this stage in proceedings. This is the second Middle East win announced in so many weeks, once again involving a long-standing client. It also follows in the footsteps of the Australian Defence Force (ADF) contract announced earlier in the month and the £3.4m helicopter training aid contract with a major UK OEM which emerged at the end of October. No guarantees re this specific contract, but PEN is continuing to throw off plenty of signs of ongoing progress.

Companies: Pennant International Group
  • 05 Feb 20
Updating forecasts

CentralnNic have released a positive trading update this morning, confirming trading for 2019 to be in line with expectations. We update forecasts to reflect the successful completion of the acquisition of Team Internet. We reduce our assumptions regarding the contribution of Team Internet to the forecast period compared to November reflecting a lower EBITDA run rate reported in Matomy Media’s Q3 update in December. We also review our FX assumptions, taking a slightly more conservative view. We now expect adj. EBITDA in 2020E of $31.5m, growing to $33.1m in 2021E, this represents a 37.3% earnings accretion in 2020E and 28.1% in 2021E compared to pre-acquisition EPS forecasts. 2019 was a very active year for the group from an M&A perspective and clearly, they have made significant progress scaling and diversifying the business. The shares have responded well to this, reaching an all-time high of 91p in December 2019. We see potential for a further rerating as the acquisitions are integrated and potential synergies are realised.

Companies: Centralnic Group
  • 10 Sep 19
Cenkos: Concurrent Technologies Plc - 2019 interim results update

This morning, Concurrent Technologies, the supplier of Intel based embedded computer systems, announced a strong set interim results for the period to 30 June 2019. Revenue was up 20.3% to £9.5m as sales increased across all sectors, with Defence remaining the largest sector by revenue. Order intake has also increased, resulting in record order book levels, giving confidence in the outlook for FY19. Exports generated 90% of revenue (H1/18: 88%). Cash generation during the period was also strong, with cash in the balance sheet at period end of £10.0m (H1/18: £7.8m), c21.8% of current market cap. Given its steady growth prospects and trading on a basic PER of 15.0x (ex-one-off other income of £1m), a significant cash balance and a prospective yield of 3.9%, the shares look attractively valued.

Companies: Concurrent Technologies
  • 25 Nov 19
Costs, tick, now for revenue

Interims are in line with the October trading update and unchanged forecasts, with revenue growth +5% to £4.4m, and £5.2m gross cash. The reduction in opex continues to improve profitability, delivering a 1H operating profit for the first time since September 2013, even as contract wins continue from new and existing customers and the customer profile reiterates the quality of the software. Eighteen months after the arrival of CEO Klaas van der Leest, the improved performance has clearly become a trend, and the group’s confidence is expressed in targeted investment to accommodate channel sales and co-ordinate centralised R&D to a clear road map. The horizon for Intercede brightened dramatically at prelims in June when the two-year recovery plan was delivered in a year – now the sun appears to be coming up. 80p target reiterated.

Companies: Intercede Group
  • 25 Nov 19
FY19 a solid platform for continued transformation

With FY19 in line with its targets, Idox is ready to continue the process of shifting to a recurring or SaaS revenue model over the coming years. Today’s trading update points to end Oct run-rate ARR of £38.9m, up 16% organic yoy, with a contracted order book of £12.1m up 29% underpinning the outlook for continued growth. We expect the shift to a cloud-first, SaaS revenue model will both accelerate growth and reduce costs. This makes the forward FCF yield of some 7% noteworthy.

Companies: IDOX
  • 28 Nov 19
GB Group - International expansion paying off

Strong organic revenue growth in H120 was boosted by several multi-year fraud licences and the contribution from the VIX Verify and IDology acquisitions. During H1, GB Group (GBG) made good progress with its strategy to expand internationally and enhance its product functionality and datasets. Management is confident of meeting consensus expectations for FY20; while our forecasts are unchanged at the operating profit level, a higher effective tax rate reduces our normalised EPS forecasts by c 3% in FY20–22e.

Companies: GB Group
  • 12 Dec 19
Arden Tech SoundBytes

Disney+ hits 22m mobile users, SoftBank backed firm downsizes IPO, German mobile carrier selects Huawei

Companies: ENET 7DIG EVRH ZOO ZOO AMO BOOM MIRA MWE

  • 12 Dec 19
EPS enhancing purchases of minority stakes

Corporate life is full of tricky decisions, often having to weigh up various scenarios, each perhaps involving numerous competing forces and associated risks. Therefore it is nice when occasionally a ‘no-brainer’ comes along. Earlier today, Blancco announced that it had lifted its stake in its Japanese JV (FY19 PAT +£1.2m) from 51% to 80% by issuing 813,253 new shares at 132.8p (or £1.08m) to its local ‘mobile reseller / ITAD’ partner Aucnet (Ticker: 3964, Tokyo Stock Exchange, £271m market cap). Here Aucnet is 44.3% owned by Flex Corporation (Singapore based contract electronics manufacturer), and will continue to act as an important route to market in Japan, Asia and other parts of the world, retaining its 20% stake in the JV.

Companies: Blancco Technology Group
  • 13 Jan 20
In line FY update, strong momentum continues

Instem has delivered a year of double digit revenue growth with EBITDA in line with expectations. Good momentum was in evidence across all areas of the business, underpinned by ongoing buoyant market conditions. Recurring revenues continue to increase, driven by the ongoing transition to hosted SaaS solutions, and renewal rates remain at a high level. Technology-enabled outsourced services grew strongly as expected, with the SEND market continuing to be a major growth driver, complemented by good progress from the Informatics business as AI-based solutions gain greater acceptance across the pharma industry. We make no change to our forecasts at this stage. Instem was one of our Best Ideas in 2019 and performed well over the year (and since). We look forward to further strong progress as the rest of the year progresses (29% EPS growth in FY20E).

Companies: Instem