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Good RSN this morning.Dividend increase,strong trading forecast.Does it for my portfolio-increasing my stake as a core investment. BUY BUY BUY.
This looks oversold and undervalued so I'll put more research into this and perhaps buy in soon hopefully at or near the bottom.
Simon Thompson, Investors Chronicle, has upgraded his fair value estimate from 100p to 115p. "The shares offer an attractive prospective yield of 3.5 per cent, rising to 4 per cent in 2014...future payouts could be even larger. In fact, the board confirms that "annual dividend growth will be no less than 15 per cent for each of the next two years".
Just completed a write-up on Amino that is available below. Feel free to sign up to free email updates via the right hand sidebar and leave comments on the article or here http://goo.gl/3EUkd0 Good Luck with your investments El1te
From todays GCI. Cambridge-based internet television specialist Amino Technologies has been busy proving its credentials. The group has seen its scope and range of contracts greatly increase in the last few years, with a growing range of overseas-focused customers. Specialising in set top boxes in the ‘over the top’ (a term to refer to television being sent from a third party such as Lovefilm or Netflix) and internet protocol based television sector, Amino’s range of boxes are sold to a variety of niche media groups transmitting content to specialised markets. Television that is transmitted via the internet – as opposed to the satellite dishes used by media giant British Sky Broadcasting - faces the problems of delays in buffering and delays experienced by all internet users. Its technology helps by selecting a bit rate based on the local broadband service, adapting as the local conditions change and so producing a quicker service than would otherwise be available. Recent customer wins for the group have included KartinaTV – a Russian television service aimed at the Russian diaspora in the USA – and Mexican telecommunications heavyweight Maxcom. The group tends to have a weighting towards operators in Southern and Eastern Europe as well as Latin America. Amino is led by chief executive officer Donald McGarva, who joined the board as a non-executive director in 2010, becoming chief operating officer later in 2010 before taking the reins in 2011. Prior to joining Amino he worked at delivery giant DHL, where he served as the senior vice president for the Asia Pacific region. In its most recent results for the six months to May pre-tax profits stood at £2.6 million on sales of £20.1 million. The interim dividend stood at 1p a share while net cash of £16.2 million was reported. The period also saw the closure of its office in Sweden and the relocation of the company’s staff to Cambridge. Chief executive McGarva noted that of late the group had focused on winning back customers that it had lost in previous years, adding that the company had also seen progress in both the Netherlands and Latin America. A fast-growing technology company, Amino’s niche area of expertise has led to a considerable widening of its focus as it has extended its work towards a large number of clients in the television business. Furthermore while there is the opportunity for further capital growth, the shares offer a tantalising forecast yield of four per cent, an extremely generous yield for a fast-growing British technology outfit. It’s time to turn your remote over to this channel. Buy. I am not invested here just yet, but have had it on my watch list in the past when the share price was a good deal cheaper around the end of last year. Need to do some more research yet, but may join in, if I can find the funds. May need to sell something first. Good luck all here. Regards
Amino Technologies: Northland Capital raises target price from 85p to 90p keeping a buy recommendation.
Julia Hornby, Financial Director, bought 33,149 shares in the company on the 29th January 2013 at a price of 75.00p. The Director now holds 33,149 shares.
Amino Technologies: Northland Capital takes price target from 75p to 80p reiterating a buy recommendation.
...in my SIPP go to this fella, Amino Technologies which is attracting investors since Christmas. The volume on up days has been particularly telling. Only started paying chunky dividends since 2011,
If this goes up we will be laughing although it might move max 10% before dropping 20%. Most likelydende be shorted to hell so if ya thinking of buying be careful GLA. This is not an attempt at getting all to short look how many stocks have died on good news of late. The market is all backwards
Broker comments Broker Northland Capital reiterated its 'buy' recommendation with a price target of 75p. It commented: "Management has focused on gross profit/margin progression and cash generation to support a progressive dividend policy. Business remains very well capitalised and offers good exposure to a dynamic sector." Amino Technologes will announce its full year results on Monday, January 28th 2013.
Amino Technologies has shot up on news it will hit full-year results and is to introduce a progressive dividend policy, starting with a 3p full year dividend. In a trading update for the full year ended November 30th, the set-top box maker said it would deliver "a profit for the year in line with market expectations" following a focus on operational performance and improvements in gross margins. Revenues, however, are expected to be below consensus at about £41m. Consensus estimates for the full year had previously been for pre-tax profits of £2.72m on turnover of £44.71m. Amino Technologies said that cash conversion for the period had been strong with an improved net cash balance of £17.1m (2011: £14.1m) even after a £1.0m dividend payment. As part of its focus on operational performance it plans to concentrate R&D at its Cambridge headquarters and will close its Swedish office early in 2013. A move it said would deliver "net cost savings as well as productivity improvements". The company also said it will be introducing a progressive dividend policy, starting with a 3p full year dividend, 50% up year on year. Not only will it introduce an interim dividend but the company plans to grow its dividend by "no less than 15% per annum for each of the next two years".
Amino Technologies Expects FY Profit Ii Line With Board's View - Quick Facts 12/4/2012 2:47 AM ET Amino Technologeis Plc (AMO.L) Tuesday released the trading update for the year ended 30 November 2012, stating that the company expects to deliver a profit for the year in line with market expectations as a result of the Board's ongoing focus on operational performance and continued success in delivering gross margin improvements. The Cambridge-based leader in digital entertainment solutions for IPTV, OTT ans in-home multimedia distribution further stated that total Revenues for the year are expected to be approximately 41 million pounds as management continued to focus on executing only high margin, cash generative business. The Company further stated that the Board is pleased to be recommending a full year dividend of 3p for the year ended 30 November 2012, a 50 per cent increase year on year, with an expectation to provide both an interim and full year dividend moving forward. http://www.rttnews.com/2016726/amino-technologies-expects-fy-profit-ii-line-with-board-s-view-quick-facts.aspx?type=qf&utm_source=google&utm_campaign=sitemap
Amino wins set-top contract via Intracom Telecom Amino secures substantial HD set-top box contract from major South Eastern European operator Amino Communications (AIM: AMO), the IPTV/OTT set-top box provider, has partnered with IPTV and Digital Content delivery solution provider Intracom Telecom, to secure a substantial contract to provide HD IPTV set-top boxes for one of the fastest growing IPTV deployments in South Eastern Europe. The network operator provides a range of broadband, mobile, telephony and IPTV services, across several countries, offering a mix of live TV, premier sports channels, video-on-demand (VoD) and a rich set of infotainment services to end users’ TV sets. Amino will supply MPEG-2/MPEG-4 IPTV/OTT set-top boxes for the continued rollout of HD services across networks in two countries. The device combines Amino’s high performance capability with http live streaming (HLS) capability to deliver entertainment experiences across both managed and unmanaged networks, all seamlessly and securely managed under Intracom Telecom’s digital content delivery platform. Amino and Intracom Telecom have worked closely on a number of deployments across Europe and North America. Amino CEO Donald McGarva said: “We’re very pleased to be working with our partners at Intracom Telecom to support HD service rollout. This is our first HD deployment in Eastern Europe and was secured via a very thorough and competitive process. We’re delighted that our offering was recognised for its quality performance, advanced functionality and seamless integration with our ecosystem partner.” Intracom Telecom’s Head of Telco Software Business Division Mr. Anastassios Dimopoulos said: “We are pleased to have expanded our advanced services offering to an important customer. Amino’s quality and value proposition seamlessly integrates with our next-generation platform, forming a highly scalable and future-proof solution.”
Period-end Trading Update Amino Technologies plc ("Amino" or the "Company"; stock code: AMO), the Cambridge-based leader in digital entertainment solutions for IPTV, Internet TV and in-home multimedia distribution, is pleased to provide the following update for the six months ended 31 May 2012. The Board is pleased to announce that the Company continues to perform in line with its expectations and expects to deliver a small profit in the first half of the year (H1 2011: loss of £0.4m) as a result of good operational performance and continued margin improvement. The cash balance remains strong at £13.9m (31 May 2011: £11.6m), even after allowing for the share buyback and maiden dividend payment. The Company is hosting a roundtable event today for analysts discussing the key trends likely to affect the UK digital entertainment market. The event starts at 12.00pm at the offices of finnCap, 60 New Broad Street, London, EC2M 1JJ. No new financial information will be disclosed. The Company will announce its interim results on Tuesday 17 July 2012.
http://www.investegate.co.uk/Article.aspx?id=201206120700041345F
Northland Capital was impressed by Amino Technologies' (AMO) showing at the IP&TV World Forum, reiterating its "buy" recommendation, with a target price of 75p. The Smart-TV technology developer demonstrated a number of products, including HD graphics and videoconferencing, and the broker noted that microchip manufacturer Intel was also displaying Amino's products on its stand. Northland expects the firm to report adjusted pre-tax profits of 2.7 million pounds for the year ending 31st November 2012, with earnings forecasts putting the shares on a prospective multiple of 10.1 times.
Northland Capital kept its "buy" recommendation for Amino Technologies (AMO), with a target price of 65p. The broker expects the digital entertainment company to report adjusted pre-tax profits for the year ended December 2011 slightly higher than market forecasts of 1.7 million pounds. Northland believes increased demand for Smart TV technology will help improve the group's margins, following the prior period of heavy investment in development. The shares tumbled 1.75p to 49.25p
Good news - in the black !
Commenting on the performance, Keith Todd CBE, Non-Executive Chairman said: "Amino's return to profitability is encouraging and is the result of strong operational execution, careful and effective manufacturing logistics, and continued product innovation. However, we are not immune from the volatility of the global markets - nor the impact of natural disasters on component supply - and remain focused on mitigating these issues through robust supply chain management and delivering new feature-rich, cost-competitive products."