Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on EU SUPPLY PLC. We currently have 29 research reports from 3 professional analysts.
|19Jan17 07:00||RNS||Contract wins and update on expectations for 2017|
|23Dec16 07:00||RNS||Contract wins|
|08Dec16 07:00||RNS||Distribution Agreement in Germany|
|14Nov16 07:00||RNS||Contract Win|
|14Oct16 07:00||RNS||Contract win|
|13Sep16 07:00||RNS||Renewal of agreements|
|07Sep16 07:00||RNS||Interim results for six months ended 30 June 2016|
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EU SUPPLY PLC
EU SUPPLY PLC
Positive 2017sales momentum continues
19 Jan 17
EU Supply has announced some more contract wins, which together with currency movements, means it now expects to exceed our previous £3.9m revenue forecast for 2017. A 2016 trading update is expected by the end of the month so we make no changes to our 2016 forecasts. As we have highlighted previously EU Supply has a greater cost exposure to euro-related currencies than revenues so we maintain our forecast of a £0.1m adj.EBIT for 2017 and a £0.1m adj. LBT. We retain our 15p TP and Buy rating.
Small Cap Breakfast
19 Jan 17
SuperAwesome — The London based specialist in e-compliance is considering an IPO in its home town according to City A.M. Eco (Atlantic) Oil & Gas—TSX-V listed oil and gas exploration has announced its intention to float on AIM. Assets in Guyana and Namibia. Proposed £2m-£3m fundraise. Diversified Gas & Oil—According to LSE website first day of trading on AIM now expected for 30 January
Raised revenue outlook for FY2017, with FY2017 underlying operating profit expectations still in line
19 Jan 17
EU Supply, the e-procurement software provider, has today announced further positive news flow, with a number of contract wins, adding to those gained in the second half of FY2016. We are therefore increasing our forecast for FY2017 revenues. Taking into account the net adverse effect of recent currency movements, the Company’s expectations for FY2017 underlying operating profitability are still in line with the market and consequently we leave our forecasts for FY2017 profits unchanged.
Share & share alike
11 Jan 17
Last week’s note ‘2016 AIM IPOs- Another discerning year’ *prompted further perusal of the AIM December 2016 Factsheet. With acknowledgement to BuzzFeed – we have set a simple quiz~. Which are the largest companies on AIM, which trade most and how much? It is a timely reminder that at the year end, focus remained on the FTSE 100 and larger companies, yet the prospects for smaller companies continue to be broadly positive. As the company trading statement season gets underway, the initial signs are encouraging. The tone of these updates will set the trend near term.
“So this is Christmas and what have you done?”
21 Dec 16
The answer to the festive question in the lyric – is in the case of the smaller companies market – not too badly really. The table shows that the various indices have all enjoyed the recent rally but have also performed well over the year. The graph on page two highlights the considerable volatility in the year, driven predominantly by macro-economic factors and political developments. All indices ended the year higher with the FTSE 100 and larger international companies leading the way but the smaller brethren have also held their own, on the whole. It seems likely this volatility may well continue in 2017.
German distribution agreement
08 Dec 16
We believe the announcement of the distribution agreement with T-Systems (part of Deutsche Telekom) highlights the attractiveness of EU Supply. It allows EU Supply to access one of the biggest markets in Europe with a first-class partner ahead of the EU directives on e-procurement becoming mandatory by October 2018. Given that our FY2017 forecast for EU Supply’s revenue is becoming increasingly underpinned there is the potential for both our forecast and our 15p target price to increase, in due course. We maintain our Buy rating.
Making Mobiles Better
17 Jan 17
Mobile phones are increasingly the key connection for the modern world. This means that the performance of mobile phones, and their networks, is going to become more critical for all the apps and businesses that rely on them. New technologies such as VR, AR, and AV will need better, more reliable connections to really move into the mainstream. In this thematic piece we attempt to identify some of the most important issues facing mobile phone networks and their users, and start to identify solutions and enablers that will solve these problems and create value by doing so.
Panmure Morning Note 18-01-2017
18 Jan 17
Blancco technology, a leading provider of data erasure solutions and mobile device diagnostics, has announced that its underlying profits are ahead of expectations. Organic sales growth remains strong, the group continues to win larger ticket orders and the mobile diagnostics is performing ahead of plan. Consequently, we are raising our FY17 PBT forecast from £8.0m to £8.3m.
N+1 Singer - NCC Group - Interims confirm underlying business sound
19 Jan 17
NCC’s interim results were largely flagged in the detailed trading update released in December. Group revenue increased 35% to £125.8 (organic growth +18%) and adj. EBITDA grew 15% to £21.3m. The group’s issues relating to contract losses/deferrals in the period were previously announced and are already included in our forecasts. The group has maintained its interim dividend at 1.5p, which we believe is an indication of the strong underlying business. Separately, NCC has announced that Paul Mitchell intends to step down as chairman in May ’17. We continue to believe that NCC remains a highly attractive asset in an area seeing strong structural growth and see the current share price weakness as an opportunity. We retain our Buy recommendation and 233p target price.
N+1 Singer - dotDigital Group - Trading update
17 Jan 17
dotDigital issued a trading update for the six months ended 31 December 2016, indicating revenue growth up 17% y-o-y to £15.0m with EBITDA in line with market expectations and on track for the full year. Cash has grown to £18.9m. Revenue was slightly light of expectations owing to a slower start in the US but Q2 already showed improvement with a strong pipeline building. Our EBITDA and EPS forecasts are unchanged but revenues trimmed by 4% for both years. There is much activity in broadening avenues of growth in terms of new connectors, partnerships and geographical footprint and we remain positive of its prospects. Interim results will be released on Feb 21.