Focusrite 1715p £1bn (TUNE.L) The global music and audio products company supplying hardware and software used by professional and amateur musicians and the entertainment industry, updated the market on a positive trading year in which revenue, profits and cash flow have all grown substantially. As a result of this strong trading performance during the year, the Group now expects revenue for the financial year ending 31 August 2021 to be ahead of market expectations at approximately £173m, up f
Companies: TUNE IRR MERC N4P PAT STKR SBDS SUMO BHC XTR
Zeus Capital provides its Technology Quarterly Review for Q3 2021. The payments sub-sector led price performance in the quarter as consumer spending picked-up and broadened following the easing of lockdown restrictions. As consumers diversified away from stay-at-home activities, the video game sub-sector saw its previously market-leading price performance temporarily stall. The digital marketplaces sub-sector continues to offer investors the highest growth potential but this continues to be reco
Companies: Sumo Group Plc (SUMO:LON)tinyBuild Inc. (TBLD:LON)
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In today’s AGM statement, the Board reported that all divisions are “trading well” and the company is “performing in line with expectations in the year to date”. We are encouraged by the progress of Secret Mode, Sumo’s new publishing division, and see the potential for it to drive the company’s valuation higher. The company’s own-IP game, “Hood” appears to be performing well and could support margin and profit outperformance. Cash generation has been strong and supports a strong net cash outlook
Companies: Sumo Group Plc
Sumo delivered 2020 results slightly ahead of upgraded expectations. Moreover, the company provided an extremely positive outlook statement and disclosed very high revenue visibility. As a result, we upgrade our 2022 forecasts. We also look forward to further acquisitions, which the company is actively pursuing.
Moonpig Group expected to join main market Feb. The retailer of curated gifts and personalised cards is targeting less than 2.0x net debt to EBITDA as at 30 April 2021. In connection with this, the primary offer of new shares is expected to raise gross proceeds of c.£20 million. The Offer would be comprised of a secondary offer of existing Shares to be sold by certain existing shareholders and a primary offer of new Shares to be issued by the Company Dr.Martens—Offer Price set at 370 pen
Companies: PAT GUS SEE SAR SUMO PRV TLY AEX IDE VLG
Sumo announced a small acquisition that provides the Group with access to the high quality video game talent pool in Poland. Sumo continues to drive strong growth both organically and through acquisitions.
Sumo is trading strongly, with several drivers that could lead the company to outperform 2021 earnings expectations, in our view. Even based on conservative earnings expectations, we believe shares offer attractive value to growth.
H1 results were ahead of our estimates. However, excluding select factors, profits were well above our expectations. Sumo’s strong underlying results positions it to outperform current market expectations. In addition, Sumo announced the acquisition of Pipeworks, which we estimate could drive 18% earnings accretion even based on conservative forecasts. Given the relatively modest share price reaction, Sumo now trades at a lower multiple than prior to the acquisition.
Research Tree provides access to ongoing research coverage, media content and regulatory news on Sumo Group Plc. We currently have 166 research reports from 10 professional analysts.
Upon publication of VRE’s interim results, we use this note to re-visit the investment case for VRE, together with a re-initiation of forecasts. Confirming the positive newsflow on client gains and sales growth over the H1 period, VRE posted an 83% increase in turnover to €1.25, with ENGAGE revenues 50% up on the total achieved in 2020. Our forecasts show a three-year turnover compound average growth rate (CAGR) of 91% to €9.8m in 2023E, in line with the objective to reach €10m of ENGAGE revenue
Companies: VR Education Holdings PLC
The Panoply has released a very strong trading update for the 5m to August which states trading is 'significantly ahead of expectations' and we raise our revenue forecasts by +7%. In the 5m period, the group secured c£50m of new contracts, nearly triple the £18m won in the same period last year and including a c£10m/5yr contract in the utilities sector. The Panoply is raising LFL revenue growth guidance from 10-15% to 15-20%, which feeds through to FY revenues of over £77m, compared with our pre
Companies: Panoply Holdings Plc
Exactly one year ago, the FTSE 100 closed at 5,862, having fallen 100 points on the day, the lowest point since mid-May 2020, due in part, to the strength of sterling vs US$ at $1.34. One year on, the FTSE 100 has risen to 7,119, a rise of 21%, it remains 7% below the peak in January 2020. From an international viewpoint, US and European markets continue to trade at record highs. The US Federal Reserve is close to withdrawing some of its economic support this year as inflation picks up and the e
Companies: AMYT BAG BVC BRSD CLG CML FBD GDWN INV MACF MNZS MIO NRR NSF NBI MATD PREM QFI RUA SCS STVG SUR SNX UPGS VAST VLS
Companies: Luceco PLC
This is a positive 1H21 performance, seeing growth in all regions and customer segments, as well as a significant strengthening of the financial position; on track to meet profit expectations for FY21, and ahead on revenue forecasts. Dividends recommenced with the FY20 finals and now an Interim dividend of 0.2p has been declared (1H20: Nil). The financial strength also will allow Eleco to make substantial investment in its long-term growth in FY23 and FY24. Management is flagging investment in a
Companies: Eleco Plc
A positive trading update from Audioboom Group plc, one of the leading independent podcasting companies, results in the fourth significant upgrade to forecasts this year as the company continues to outpace growth of the global podcasting industry. This performance has been driven by continued growth in the Audioboom’s content-focused expansion plan with growth in premium advertising inventory, increased demand and strong pricing, and increased back catalogue inventory created by Audioboom’s prop
Companies: Audioboom Group PLC
Companies: Bango plc
EMIS reported H121 results ahead of board expectations and is on track to meet the company’s FY21 expectations. After a period of investment to develop the EMIS-X platform, and at least a year of diverting resource to support customers’ COVID-19 efforts, EMIS is now in a position to execute its growth strategy. Our revenue and adjusted operating profit forecasts are unchanged, with revenue growth accelerating to the lower end of the targeted medium-term 5–9% range from FY22.
Companies: EMIS Group plc
Gaming Realms is a creator and licensor of innovative games for mobile, operating in the UK, US, Italy and Canada. Flagship brand Slingo® is a popular and unique game genre combining elements of slots, bingo and table gameplay. These games are licensed by some of the world’s biggest online gaming operators, including DraftKings, Sky Betting & Gaming and GVC, and distributed directly to operators or via global partners such as Scientific Games using the company's proprietary Remote Game Server pl
Companies: Gaming Realms PLC
Solid results, strong pipeline, rising resilience and high-value acquisition: Revenue was $18.6m, in line with expectations. H1 revenue represents 38% of our full year forecast, indicating an H2-weighted year as previously flagged. We expect tinyBuild to release seven new games in H2 compared to three in H1. Moreover, tinyBuild plans higher-profile releases in H2 (Potion Craft and Despot’s Game), which are already generating strong KPIs. EBITDA was $7.9m, slightly ahead of management’s expecta
Companies: tinyBuild Inc.
This latest UK airport contract is Journeo's third, and follows on from the deployment of its systems at Gatwick and Stansted. Looking more widely, investment made over the last few years in the group's technology base to deliver a cloud based modular hardware agnostic SaaS platform has positioned Journeo well in the wider market. With the market opportunity set to expand significantly over the next few years, we believe that Journeo is positioned extremely well to meet this demand through its
Companies: Journeo plc
Ocado retail’s Q3 trading performance was below our expectations. The fire incident at Erith CFC (in mid-July 2021) was the key reason behind the dent in the top line. We see this as a one-off and the health of the retail business remains robust in our opinion. However, any more such accidents are likely to raise serious questions on the safety / reliability of Ocado’s technology. We will trim our financial estimates slightly but maintain our cautious stance on the stock’s valuation.
Companies: Ocado Group PLC
The agreement announced today partners Trellus with a licensed multidisciplinary care team employed by Connected Health that has been trained to use Trellus’s proprietary GRITT™ resilience building methodology to deliver first-in-class digital-enabled chronic condition care management services via. the TrellusElevate™ platform. This agreement, like more that are expected to follow, was earmarked in the admission document, and adds the licensed clinical infrastructure to deliver digital-enabled c
Companies: Trellus Health PLC
Ingenta is a provider of software technology and supporting services to content providers and publishers around the world. The company enjoys a stable, high level of recurring revenue and has consistent cash generation leaving it well positioned for its planed future growth and able to introduce a progressive dividend policy announced today with the H1/21 interim results (4.5% forecast yield). Ingenta has a well-established market position and requires minimal investment in its core products for
Companies: Ingenta plc
Strong trading YTD; outlook cautiously optimistic
Companies: Team17 Group PLC
