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Elektron Technology

Taking Checkit to the ‘Next’ level

Disruption may be the most over-hyped word in the Tech lexicon, yet it is reshaping almost every walk of life. Even routine tasks - from cleaning restaurants, hospitals, food factories and public toilets, to maintaining schools, shops and leisure facilities - have been transformed by the ‘digital revolution’.

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  • 15 May 19
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CLEARSTAR

How to buy $1 bills for less than 25 cents

Tech firms are often faced with trade-offs. Take Amazon, who for years prioritised growth ahead of profitability in order to build dominant positions in online retail, cloud services and voice-search (re Alexa/Echo). Likewise, we think ClearStar is adopting a similar long term strategy to create shareholder value. Sure if it decided to switch off the ‘expansion button’ today, then earnings would immediately flow through. However, what we’re talking about here is a much bigger opportunity – disrupting an addressable market worth c. $4bn pa.

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  • 13 May 19
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Kromek Group

Trading in line with expectations

Momentum is crucial across many walks of life. Not least politics, sports and the economy. However, for rapidly expanding tech firms it is one of the most important KPIs, particularly when it comes to orderflow and ultimately achieving sector dominance. On Tuesday (7th), Kromek certainly did not disappoint. Saying that it “expects to report revenue growth for the full year 2018/19 and EBITDA profit in-line with market expectations.” Implying a strong H2’19, partly aided by £1.5m-£2.0m of shipments which were deferred from H1’19, due to the relocation of US production to a new medical grade, manufacturing facility in Pittsburgh. I guess we shouldn’t be too surprised though, since Kromek has delivered 33% top line CAGR since FY13.

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  • 10 May 19
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Randall & Quilter Investment

Capitalising on opportunity

We expect patient investors to be well rewarded as the full benefits of R&Q’s investment in its two core divisions become visible over the next 18-24 months.

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  • 10 May 19
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Undervalued Aerospace & Defence stock

Most people would agree that family firms are at the heart of the economy. What is less well known is that they can make excellent investments too. In fact, over the past 15 years, investment bank UBS found that unquoted SMEs (small/medium enterprises) generated returns double those of their listed peers.

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  • 10 May 19
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Elecosoft

Promising start to the year

Building technology businesses is a bit like designing Formula 1 racing cars. Deciding which parts to create in-house, which to ‘buy & build’, and then importantly fitting them all together to accelerate top line growth and generate synergies. Well, after the Shire Systems and Active Online acquisitions last year, we believe Elecosoft, a specialist developer of BuildTech software, is on track to achieve all three. Indeed, in this morning’s trading update the company said it had made an “encouraging” start to 2019, with Q1 revenues up 20% (22% constant currency).

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  • 09 May 19
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Fastforward Innovations

Firing on all cylinders

Being able to consistently deliver out-sized investment returns, is all about managing risk and finding high quality, growth stocks at the right price. We’ve seen this already in 2016 with many such smallcaps, like Keywords Studios, Fevertree Drinks, Boohoo, GW Pharmaceuticals and Tristel. Another stock we think that in due course could join this select band, is FastForward (up 100% since mid Oct’15) which invests exclusively in rapidly expanding technology firms. Today FFWD holds non-controlling positions in nine such privately owned businesses, which we understand are all either meeting or exceeding their internal plans. Here, progress was said to be “incredibly positive and very encouraging” yesterday, with updates being released in relation to three of them.

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  • 30 Nov 16
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