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Research Tree offers MPORIUM GROUP PLC research coverage from 2 professional analysts, and we have 3 reports on our platform.
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|12/10/2016 17:35:02||London Stock Exchange||PDMR dealing|
|27/09/2016 15:00:01||London Stock Exchange||PDMR dealing|
|27/09/2016 15:00:01||London Stock Exchange||TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES|
|13/09/2016 12:45:07||London Stock Exchange||BLOCK ADMISSION SIX MONTHLY RETURN|
|09/09/2016 15:24:44||London Stock Exchange||Director Dealing|
|09/09/2016 11:00:03||London Stock Exchange||Director Dealing|
|08/09/2016 12:05:01||London Stock Exchange||Director Dealing|
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Research reports on MPORIUM GROUP PLC
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£3.1m fundraise to support strategy built on new products
26 Nov 15
mporium Group announced it has raised c.£3.1 million before expenses (c.£3.0m net of expenses) through a placing of new shares at a price of 8p per share. The proceeds will be used to continue the group's ongoing product development, its growth strategy and for working capital purposes. The group’s new management team have refocused its development programme to align with the market opportunity for technology companies that offer world-class m-commerce products as the proliferation of mobile devices continue. These products aim to deliver advanced m-Commerce functionality including detailed analytics, targeted marketing strategies and personalised content. The new products are expected to appeal to both the SME and enterprise markets, under different branding and via different distribution models. There is a big opportunity in the mobile space market and we look forward to further details on the new products in 2016.
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Upgrade on lower costs, pipeline strong
24 Oct 16
Fusionex’s year-end trading update indicates that revenues will be in line with market expectations (we estimate 16% revenue growth in FY16) and that a strong pipeline for GIANT 2016 should drive further momentum in FY17. The planned increase in sales, marketing and other investment to support adoption of GIANT has been more moderate than we forecast, meaning that EBITDA is expected to be significantly above consensus. We upgrade our FY16 EBITDA by MYR3.2m (83% but from a compressed level) to reflect this, while leaving our estimates for FY17 and FY18 unchanged.
N+1 Singer - NCC Group - Strong revenue but margins weaker in H1
20 Oct 16
NCC’s trading update for the four months to September shows continued strong revenue growth, but margin pressures in the first half mean that profit for the year will be more second half weighted than usual. Group revenue increased 36% in the period (+21% organic) with Assurance and Escrow both growing well (+25% and +4% respectively). The Assurance division has seen three unrelated large contract cancellations however, as well as some difficulties with some managed services renewals. We are not making any changes to our forecasts at this stage but now expect a significant second half weighting to profits. We remain supportive of the story but with the shares priced for perfection, we downgrade to Hold, with a target price of 353p (from 384p).
A slower ramp for GOV.UK Verify
20 Oct 16
Underlying trading was solid in H116. However the new GOV.UK Verify service is behind plan and we are pairing back our revenue estimates to reflect a slower ramp. Outperformance and deferred investment elsewhere mitigates the earnings impact of this in FY16, but we reduce EPS forecasts by 5% in FY17 and FY18. The business remains very well placed, but we believe that a period of share price consolidation is likely ahead of the transition to the new CEO, Chris Clark (ex-Experian) in April 2017.
N+1 Singer - Earthport - Traction continuing to build
26 Oct 16
Earthport has reported an in-line set of results for the full year to June’16. The group has delivered 89% growth in the number of transactions, resulting in payment volumes through the platform increasing to $11.8 billion. A FY’16 adj. EBITDA loss of £7.5m represents a strong HoH trajectory (H1 loss £5.3m, H2 loss £2.2m) and the group has reaffirmed its commitment to becoming cash generative in Q4’17. Earthport has proved that it can scale new customers quickly as well as extracting significant volume increases from existing customers. With multiple catalysts on the horizon and a strong start to the year already achieved, we believe the group is very well-placed to gain a significant share of the vast cross-border payments market.