Latest daily commentaries
View the latest research daily commentaries and high level analysis, including morning and eveing flash notes and regular updates on company events and macro economic themes.
21 Oct 16
STM* (STM): Acquisition of London & Colonial (CORP) | Hurricane Energy (HUR): £70m placing and open offer (BUY) | Firestone Diamonds* (FDI): Liqhobong commissioning update (BUY) | Accsys (AXS): Acorn aiming to be a mighty oak – analyst interview (BUY) | Avacta* (AVCT): Act now… – analyst interview (CORP) | Tristel* (TSTL): Full year 2016 results – analyst interview (CORP)
19 Oct 16
The mission critical nature of OneView’s digital transformation software solutions means that sales cycles are long and can be difficult to predict. Unfortunately, there have been delays in some of the company’s major contracts, with no certainty on their timing. As a result, the company has warned that FY March 2017 revenue (and likely profit) is likely to be below market expectations. This is disappointing news after the upbeat trading statement at the AGM last month, which revealed the first hosted customer had gone live in H1, partnerships with the likes of IBM and SAP were progressing well and that a strengthened UK and US sales force were working on a growing pipeline of opportunities. These are all positive signs for the future; but given the uncertainty in the timing of the delivery of this pipeline, we are withdrawing forecasts pending the release of the interim results for the six months to 30 September, and detail on the pipeline of licence and deployment revenue due in the second half.
18 Oct 16
Accsys (AXS): Acorn aiming to be a mighty oak (BUY) | Utilitywise* (UTW): Risks discounted leaving significant upside (CORP) | dotDigital* (DOTD): Strong prelims demonstrate strategic execution (CORP) | Hardide* (HDD): Year-end trading update (CORP) | Shanta Gold (SHG): Q3 operating results (BUY) | Hurricane Energy (HUR): Horizontal well interim result (BUY)