Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on VISLINK PLC. We currently have 29 research reports from 4 professional analysts.
|20Jan17 03:45||RNS||Holding(s) in Company|
|17Jan17 01:34||RNS||Posting of Circular and Notice of General Meeting|
|16Jan17 01:15||RNS||Further Update on Proposed Disposal|
|16Jan17 07:00||RNS||Update on Proposed Disposal|
|09Jan17 03:25||RNS||Results of General Meeting|
|23Dec16 10:09||RNS||Posting of Circular and Notice of General Meeting|
|21Dec16 03:49||RNS||Holding in Company|
Frequency of research reports
Research reports on
Shareholder approval sought for revised terms
19 Jan 17
Vislink has modified the terms of the agreement to sell the assets of Vislink Communication Systems (VCS). The total consideration payable remains $16m. This will now be split into an initial cash consideration of $6.5m and $9.5m deferred consideration payable in secured loan notes, which must be redeemed within 45 days of the disposal completing. Shareholder approval of the modified terms is required before the disposal can complete. We leave our estimates, which assume that VCS remains within the group, unchanged and will review them on completion.
N+1 Singer - Vislink - Update on proposed disposal
16 Jan 17
Vislink announced that it has agreed to revise the specific terms of the transaction to dispose of its VCS business to xG, subject to shareholder approval. The headline consideration for VCS will remain at US$16million, but will now be satisfied by an initial consideration of $6.5m (funds in transit) and $9.5m of deferred consideration for which xG will be issuing loan notes. These loan notes will provide for redemption within 45 days of completion and will be secured over the business and assets being sold. Prompt resolution of this disposal will be helpful to rebuild value through the remaining software business.
N+1 Singer - Morning Song 16-01-2017
16 Jan 17
As the birthplace of Stephenson, Armstrong and Swan, the North East of England has a proud history of industrial and technological innovation. Despite local economic challenges, the region’s industrial heritage lives on through continuing success in high end engineering and technology. The recent takeovers of private equity backed SMD (subsea robotics) and Nomad Digital (wi-fi on the railways) are testament to this. The North East has also emerged as a leader in genetics and genomics with an enviable life sciences and healthcare infrastructure. Against this backdrop, we expect the region to continue to throw up attractive IPO candidates to build on the six new listings in the past three years. We expect 2017 to be far kinder to the existing portfolio of North East plcs than 2016 (a year to forget) with recent management changes one important theme for the new year. Our top picks are Hargreaves Services, Quantum Pharma and Zytronic (all N+1 Singer Corporate clients) and we are Buyers of Northgate and Grainger.
Strong growth in software, hardware declining
21 Dec 16
Vislink has announced that trading for FY16 is in line with management expectations, with Q4 exhibiting the usual seasonal uplift. In addition, on Friday, it announced it had entered into a business purchase agreement to sell the assets of Vislink Communications Systems (VCS) for $16m, progressing from the informal agreement in principle announced in October, to a detailed formal agreement. The disposal remains conditional on shareholder approval. We leave our estimates, which assume that VCS remains within the group, unchanged and will review them when shareholder approval has been received.
N+1 Singer - Vislink - Trading update
20 Dec 16
Vislink announced last Friday that it has entered into a Business Purchase Agreement to sell the assets of VCS (hardware division) for $16m to xG Technology (following on from the initial announcement on 20 October). Today, Vislink also announced that it is trading in line with the Board’s expectations for the full year, with Q4 expected to mirror the usual trading seasonality split. The VCS disposal will significantly reduce net debt and leaves only the Pebble Beach Systems business, which to date, has delivered good growth and margins.
Conditional sale of hardware division
28 Oct 16
Vislink has announced that it has entered into a conditional agreement to sell the assets of Vislink Communication Systems (VCS) for $16m. The transaction is expected to be subject to shareholder approval and to close by end FY16. The deal frees management to focus on the software division, which reported a strong increase in order intake during H116, in contrast to the hardware division where H116 revenues fell by 19%, taking the division and the group into the red. The deal also solves the debt problem, leaving the group substantially debt-free. Net debt had reached £8.8m at end June and in September the group was fully utilising its £15.0m revolving credit facility, potentially breaching bank covenants.
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.
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.
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
The Cybersecurity Rebellion: “No, I’m Spartacus!”
07 Jun 16
Steve “Woz” Wozniak, infamous co-founder of Apple, was the latest culprit to send shivers across the tech world by claiming Cybersecurity is the greatest threat the world has faced since the atom bomb. Mr Wozniak was alluding to the heightened sense of fear that recent high profile breaches have caused Cybersecurity to be put at the forefront of political, corporate and now it would appear, investor agendas. As the topic gains increasing awareness, it gives rise to a number of companies claiming to be a “thought leader” in the Cybersecurity space, holding the best IP and the best routes to market. With many companies singing from the same loss making hymn sheet it is making it ever difficult to spot the true “Spartacus” from the crowd.
Small Cap 2017 - The only certainty is uncertainty
18 Jan 17
AIM will turn twenty-two this June and it is fair to say it has had its fair share of ups and downs, with 2016 being a case in point. We ask what will the rest of 2017 hold in store? Arguably the US dollar, Brexit, bonds, and banks will be the four big themes for the new year.
FY16 results confirm solid progress made
08 Sep 16
Mobile money specialist Monitise has released full year results to June 2016 in line with guidance from the mid July update and consistent with the outlook given at the half year, with the company achieving EBITDA breakeven and substantially lower cash spend in the second half following significant rationalisation. For the full year, EBITDA losses halved to £19.6m on revenues down 25% to £67.6m, whilst the statement contained a cautiously positive outlook, noting traction on the new FINKit bank-grade PaaS platform. Whilst the outlook remains uncertain, a significant cash balance (£42m) and a much lower cost base at least mean that the company is far better placed than this time last year.