CLL DOTD IOF

• 17 Jan 20
• -
• 

CLL DOTD IOF

• 17 Jan 20
• -
• 

FY trading update: In rude health; Buy

Cloudcall Group

• 16 Jan 20
• -
• 

FY trading update: In rude health; Buy

Cloudcall Group

• 16 Jan 20
• -
• 

Calisen Group. Potential Intention to Float. Owner and manager of essential energy infrastructure assets through its subsidiaries Calvin Capital and Lowri Beck . Consolidated FY Dec 18 revenue £162.1m and operating profit £25.4m. Raising up to £300m in primary plus partial vendor sale. Expected Admission February 2020 The Global Sustainable Farmland Income Trust will invest in a diversified portfolio of operational farmland assets located in major agricultural markets including the United States, Europe, New Zealand, Australia and certain countries within Latin and South America. Raising up to $300m. Due 28 February. Investment firm Nippon Active Value fund is seeking to raise up to £200m at an issue price of 100p per share via an IPO. The company aims to invest in a portfolio of quoted Japanese stocks with market capitalisations of up to $1bn. First day of dealings expected early February.

PPIX DBOX CLL EME MSYS AURA MYSL THR TEK ECR

• 16 Jan 20
• -
• 

Calisen Group. Potential Intention to Float. Owner and manager of essential energy infrastructure assets through its subsidiaries Calvin Capital and Lowri Beck . Consolidated FY Dec 18 revenue £162.1m and operating profit £25.4m. Raising up to £300m in primary plus partial vendor sale. Expected Admission February 2020 The Global Sustainable Farmland Income Trust will invest in a diversified portfolio of operational farmland assets located in major agricultural markets including the United States, Europe, New Zealand, Australia and certain countries within Latin and South America. Raising up to $300m. Due 28 February. Investment firm Nippon Active Value fund is seeking to raise up to £200m at an issue price of 100p per share via an IPO. The company aims to invest in a portfolio of quoted Japanese stocks with market capitalisations of up to $1bn. First day of dealings expected early February.

PPIX DBOX CLL EME MSYS AURA MYSL THR TEK ECR

• 16 Jan 20
• -
• 

FDEV ATQT TEG ERIS FRAN IMMO AURA AMS MBH SSTY

• 15 Jan 20
• -
• 

FDEV ATQT TEG ERIS FRAN IMMO AURA AMS MBH SSTY

• 15 Jan 20
• -
• 

Dialog has reported its preliminary unaudited results and cash figures for Q4 which beat both guidance and consensus at mid-point. Even though this will not justify an upgrade on our side, we keep positive on the stock and expect a strong Q4 publication on 4 March. This is also a positive read-across for electronic consumers and mainly Apple-exposed stocks such as AMS and STM.

Dialog Semiconductor

• 14 Jan 20
• -
• 

Dialog has reported its preliminary unaudited results and cash figures for Q4 which beat both guidance and consensus at mid-point. Even though this will not justify an upgrade on our side, we keep positive on the stock and expect a strong Q4 publication on 4 March. This is also a positive read-across for electronic consumers and mainly Apple-exposed stocks such as AMS and STM.

Dialog Semiconductor

• 14 Jan 20
• -
• 

The breadth of IQE’s technology portfolio and ability to serve compound semiconductor chip customers in the US and Asia puts it in a good position to benefit from rising demand for compound semiconductor applications for 5G and connected devices. The share price has been hit by the shift to Asian-centric supply chains caused by US-Chinese trade tensions, and resultant reductions to management guidance. Although the timing of a recovery is difficult to gauge, we see scope for earnings recovery as IQE secures additional contracts in Asia and leverages its IP portfolio into sustainable profit growth and cash generation.

IQE

• 14 Jan 20
• -
• 

The breadth of IQE’s technology portfolio and ability to serve compound semiconductor chip customers in the US and Asia puts it in a good position to benefit from rising demand for compound semiconductor applications for 5G and connected devices. The share price has been hit by the shift to Asian-centric supply chains caused by US-Chinese trade tensions, and resultant reductions to management guidance. Although the timing of a recovery is difficult to gauge, we see scope for earnings recovery as IQE secures additional contracts in Asia and leverages its IP portfolio into sustainable profit growth and cash generation.

IQE

• 14 Jan 20
• -
• 

Osirium made good progress in signing new business in H2, reporting FY19 bookings 13% ahead of our forecast and 53% higher year-on-year. FY19 revenue is slightly below our forecast due to the timing of multi-year bookings. With the proceeds of the recent fund raise, we expect the company to increase investment in headcount to accelerate growth. We have revised our forecasts to reflect the bookings intake, revenue recognition and higher staff costs.

Osirium Technologies

• 14 Jan 20
• -
• 

Osirium made good progress in signing new business in H2, reporting FY19 bookings 13% ahead of our forecast and 53% higher year-on-year. FY19 revenue is slightly below our forecast due to the timing of multi-year bookings. With the proceeds of the recent fund raise, we expect the company to increase investment in headcount to accelerate growth. We have revised our forecasts to reflect the bookings intake, revenue recognition and higher staff costs.

Osirium Technologies

• 14 Jan 20
• -
• 

OMG has today announced a “significant multi-year” Alloy contract win with South Gloucestershire Council, this being the company’s cloud-based asset management solution. A differentiating feature of Alloy is the range (or variety) of assets it can handle, and consequently, Alloy will able to provide a single view from which all relevant public infrastructure can be managed and maintained. No numbers are given, but we remind (as at prelims) OMG had a pipeline consistent with adding £1m of ARR in FY20. We therefore assume that this contract contributes to this figure, and so make no changes to either divisional or group forecasts. Similarly, we note that following FY19 (which saw some delayed ‘go-lives’) it is pleasing to see a major contract win announced relatively early in this financial year.

Oxford Metrics

• 14 Jan 20
• -
• 

OMG has today announced a “significant multi-year” Alloy contract win with South Gloucestershire Council, this being the company’s cloud-based asset management solution. A differentiating feature of Alloy is the range (or variety) of assets it can handle, and consequently, Alloy will able to provide a single view from which all relevant public infrastructure can be managed and maintained. No numbers are given, but we remind (as at prelims) OMG had a pipeline consistent with adding £1m of ARR in FY20. We therefore assume that this contract contributes to this figure, and so make no changes to either divisional or group forecasts. Similarly, we note that following FY19 (which saw some delayed ‘go-lives’) it is pleasing to see a major contract win announced relatively early in this financial year.

Oxford Metrics

• 14 Jan 20
• -
• 

2019 proved to be challenging for many multi-nationals, with EPS growth for the S&P500 anticipated to be just 0.2% YoY ($162.2/share). Even the poster child of the tech world, Enterprise Software (ES), hit a pot-hole, limping along at a comparatively modest 6.2% to $445bn (source: Synergy Research) vs 13.5% for 2018. This temporary dip being largely attributable to concerns over the US/China trade tensions, Brexit, UK general election, Hong Kong protests, French/Paris strikes et al.

Rosslyn Data Technologies

• 14 Jan 20
• -
• 

2019 proved to be challenging for many multi-nationals, with EPS growth for the S&P500 anticipated to be just 0.2% YoY ($162.2/share). Even the poster child of the tech world, Enterprise Software (ES), hit a pot-hole, limping along at a comparatively modest 6.2% to $445bn (source: Synergy Research) vs 13.5% for 2018. This temporary dip being largely attributable to concerns over the US/China trade tensions, Brexit, UK general election, Hong Kong protests, French/Paris strikes et al.

Rosslyn Data Technologies

• 14 Jan 20
• -
•