Amino has reported H1 FY19 results which appear to be well on track for our full-year estimates and which, more importantly, provide the group with the time and cash to execute on the strategic transition to value-added software on a recurring revenue model, with services and hardware as appropriate. Margins have improved markedly, and cash generation has been strong. We make no material changes to estimates, but see these results as a step in the right direction for the group
09 Jul 2019
H1 as expected – strategic transition ongoing
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H1 as expected – strategic transition ongoing
Aferian plc (AFRN:LON) | 11.8 0 0.0% | Mkt Cap: 13.1m
- Published:
09 Jul 2019 -
Author:
Blaine Tatum -
Pages:
5
Amino has reported H1 FY19 results which appear to be well on track for our full-year estimates and which, more importantly, provide the group with the time and cash to execute on the strategic transition to value-added software on a recurring revenue model, with services and hardware as appropriate. Margins have improved markedly, and cash generation has been strong. We make no material changes to estimates, but see these results as a step in the right direction for the group