Amino is a material player in the global market for hybrid-IP and cloud-based TV solutions. This note is published to coincide with an investor education event, and focusses on three things – the summary investment case, the level of Total Shareholder Return delivered over 5 years, and an overview of Amino’s geographic and product presence, set within the context of an evolving and dynamic marketplace.
Summary investment case: Amino offers a focussed investment opportunity for those looking to benefit from changes in the way that TV content is delivered and consumed. The group has evolved dramatically in recent years through a combination of organic delivery and acquisitive activity. A broad product offering, including hardware, software and IoT devices appears to directly address the market opportunity, and the size of the prize is clearly material in comparison to Amino’s current scale.
Total Shareholder Return: The group has shown exceptionally strong returns over 5 years relative to both the FTSE All-Share and FTSE AIM indices. While this does not guarantee future performance, it demonstrates the group’s ability to deliver for investors over the long term, navigating both local market fluctuations and more-structural industry shifts.
Market trends, and Amino’s positioning: Consumers are watching TV and video content increasingly delivered via IP (Internet Protocol) streams, as the means to deliver multi-screen TV – both in the home and to mobile devices. Amino is an expert in IP-based video delivery from the cloud, with a strong geographic footprint and product range. The group has many years of experience in IP technology, which is absent from many of the new (or aspiring) players in the IPTV market. Amino’s offering is therefore compelling and differentiated at a time of major opportunity.
In summary, we believe that the group is very well placed to benefit from ongoing, but predictable and manageable shifts in this vast global industry. The company boasts a major global footprint and an array of leading-edge technology with multiple use cases and applications, across a blue chip customer base. The significant trends within the industry are arguably playing directly to Amino’s strengths, and the group has a demonstrable track record of delivery, both within its markets and for investors. We look forward to seeing the group progress over coming years.