Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on EARTHPORT PLC. We currently have 48 research reports from 3 professional analysts.
|17Jan17 07:00||RNS||Board appointment|
|12Dec16 07:00||RNS||Expanded Payments Access for BofAML Clients|
|05Dec16 07:00||RNS||Change of Adviser|
|02Dec16 11:26||RNS||Result of AGM|
|21Nov16 07:00||RNS||Earthport signs agreement with Axis Bank|
|15Nov16 07:00||RNS||Issue of Equity|
|14Nov16 12:32||RNS||Holding(s) in Company|
Frequency of research reports
Research reports on
N+1 Singer - Earthport - Expansion of Bank of America Merrill Lynch partnership
12 Dec 16
Earthport has announced a significant expansion in its partnership with Bank of America Merrill Lynch (BofAML). Earthport’s global payment network has been integrated with BofAML’s core CashPro banking portal. This integration marks an important milestone in the partnership between the two companies and will provide BofAML’s existing business clients with expanded access to international ACH payments. We had hoped this integration would go live within the current financial year so are highly encouraged that it has been achieved on schedule. We expect BofAML to be cautious with the speed at which they ramp up volumes through the Earthport platform. As such we do not expect to make any changes to our volume assumptions at this stage, but see significant potential for upside in the medium term.
N+1 Singer - Morning Song 12-12-2016
12 Dec 16
ECO Animal Health’s interim results highlight an impressive period of growth with group revenue up 25%. Aivlosin® demand remains strong with sales increasing over 15% and new marketing approvals enhancing the group’s offering. EPS and DPS increased by 61% and 32% respectively. H2 has started well with the group reporting a strong order book. We leave our forecasts unchanged for now, although move to a positive forecast sensitivity of 4. In our view, there is significant upside potential from new marketing authorisations providing further growth opportunities.
N+1 Singer - Morning Song 21-11-2016
21 Nov 16
Instem has indicated that a number of contracts in Clinical are likely to slip into FY17 and that FY16 results will be behind expectations. There is also some uncertainty over the timing of other licence sales and, as such, a range of outcomes is possible. Our revised forecasts effectively assume the worst case scenario. Importantly, we see these issues as short term timing issues, with the medium term outlook unchanged.
N+1 Singer - Earthport - Agreement to provide outbound cross-border payments in India
21 Nov 16
Earthport has announced that it has signed an agreement with Axis Bank, India’s third largest private sector bank, to enable outbound cross-border payments. This agreement follows swiftly on from the Reserve Bank of India (RBI) approval which was granted earlier this month. The speed at which Earthport has managed to sign this agreement gives us confidence in the level of demand for the service. Increasing the group’s presence in Asia was a key objective of the additional funds Earthport invested in FY’16, the results of which are now starting to come through. With the group showing strong momentum across a number of geographies, and on track to return to break-even in Q4’17, we believe the shares are highly attractive. There are a number of catalysts on the horizon and we continue to believe that the group is very well-placed to gain a significant share of the vast cross-border payments market.
N+1 Singer - Earthport - Approval for outbound services for banks in India
03 Nov 16
Earthport has announced that The Reserve Bank of India (RBI) has granted it approval for operating outbound cross border payment services for banks in India. The group was already facilitating inbound payments into India on behalf of its overseas clients. The approval was granted after extensive reviews of Earthport’s solution by the Indian Bank’s Association (IBA), providing further validation of the group’s cross border payments network and compliance procedures. Increasing bi-directional flows on the network has a positive margin effect for Earthport, so this is an encouraging development. The group is engaged with several banks in the region to begin delivering the service and we expect to hear further newsflow in due course.
N+1 Singer - Morning Song 03-11-2016
03 Nov 16
Overall trading for the year appears to have started slightly slowly overall but with underlying revenues making progress and profits flat for the period. Slow profit progress was already expected due to the previously signalled growth orientated investment being made. A material timing change on a Compliance unit contract, strong growth in AXCO and buoyant Health performance bode well for revenue performance looking forward. Visibility levels are said to be good underpinning managements confidence that the group is on track for the year. Wilmington remains a good play on the growth in global regulation and compliance. BUY
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.
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.
N+1 Singer - Small-cap quantitative research - Momentum screen refresh + 10 focus stocks
12 Jan 17
We have refreshed our momentum style screen for the first time since inception on 26 July 2016. As before, the screen selects the 25 stocks exhibiting the most extreme momentum characteristics, according to our measurement method. From these we have selected 10 to focus on. Since inception the screen has underperformed both the main small-cap and micro-cap indices against a background of generally rising momentum. We have noted a subset of the basket, where decelerating momentum at the time of measurement appears correlated with significant share price falls since selection. We shall monitor this factor with the new screen, albeit there are only two such stocks showing this pattern, namely Lamprell (not rated) and Gear4music (not rated).
N+1 Singer - Morning Song 12-01-2017
12 Jan 17
As anticipated, the second half has again been stronger than H1 and results will be broadly in line with expectations. In line with this, the order book has continued to grow and is at record levels. This confirms that significant progress has been made in the Group’s shift towards its Technology Products division which, as targeted, contributed c.60% of group revenue in FY16. The small acquisition of Cable Power also gives a complementary boost to the product range. It is also worth noting the significant reduction in net debt, £1.0m ahead of our forecast. We remain supportive of the Group’s strategy and continue to see a bright future as this transition towards a design led technology solutions business continues. We look forward to more detail in March at the final results.
Panmure Morning Note 18-01-2017
18 Jan 17
Blancco technology, a leading provider of data erasure solutions and mobile device diagnostics, has announced that its underlying profits are ahead of expectations. Organic sales growth remains strong, the group continues to win larger ticket orders and the mobile diagnostics is performing ahead of plan. Consequently, we are raising our FY17 PBT forecast from £8.0m to £8.3m.
33% upgrade to January 2017 PBT
09 Jan 17
Redstone has released a trading update stating it ‘expects to report EBITDA at the upper end of market expectations’. This implies EBITDA of £1.8m which is above our current estimate of £1.5m. Accordingly, we are upgrading our PBT forecast for the year ending January 2017 by 33% to £1.2m from £0.9m. We reiterate our buy recommendation with a 2.2p price target implying 69% upside.