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Private punter has a positive view going forward which bodes well for higher SP. Thanks for the link.
Thoughts may be of interest. http://www.privatepunter.co.uk/News/watching-amino-25-july-2015
Rise this week to new levels.
Yesterday had a great article on the back of the results pushing this SP higher. Great company with acquisitions could bring a re-rating.
Coupled with two good acquisitions the future of the company could be transformed going forward imo.
Good products. Profits,turnover and cash generation improving. Dividend focus for shareholders. Expansion challenge with purchase of complimentary business. I am a shareholder but will buy seriously now. BUY BUY BUY
We expect mounting demand for connected TVs and a strong product range to buoy Amino
An overdue word on AMINO TECHNOLOGIES, which has been an often commented subject here, where I also have an interest in the shares. Amino has been a good performer for me, although like others I have often aired my own thoughts on just what the company might do with its bulging cash pile. While it has often been suggested by some that a one-off extra dividend would be paid, it was not a message that CEO Donald McGarva conveyed to me in the past. While that notion was effectively dismissed outright, potential acquisitions by contrast were not, although McGarva had stated it would very much have to be the right fit. So, having duly announced just a few weeks back that it was acquiring Finland based Booxmedia for an initial 7.9m Euro’s, one can perhaps conclude that it is a strategically sound move. Booxmedia will add a platform to the wider Amino business that will allow it to expand into new areas of media and entertainment which will include mobile operators, media companies and various broadcasters. While that announcement came last month, just last week Amino has delivered a positive Trading Update to the market, which has seen the share price nudge up to £1.43p. The company stated that it anticipates a return to revenue growth in the first half of the year to May, although as is usual with Amino it expects a second half weighting. Although such wording can, as I have often mentioned before be a prelude to a subsequent warning, It is a familiar theme with the Cambridge based business, so it isn’t something that I am concerned with. Indeed the company added that it is confident of meeting market expectations for the full year. Additionally, the interim dividend is being increased to 1.26p against the previous 1.15p continuing a progressive theme. With further progress being made in the familiar trading regions of N. America and Western Europe, Amino added that it was also enjoying momentum within Africa and the Middle East. The company has really come good over the last couple of years where as I said at the outset the shares have been a solid performer for me. However, there appears to be some decent momentum and drive within the company where its profile now looks set for a further boost with the appointment of Canaccord Genuity as joint Broker With FinnCap. I shall endeavour to take a view at its opening note where currently FinnCap has pre-tax profits of £4.8m lined up for next year and EPS of 9p. The forward PER of 15 looks worthy of ongoing consideration to me, given the continued strong net cash position and a growing dividend.
Cambridge-based set-top box (STB) manufacturer and IPTV interface designer Amino Technologies (AMO:AIM) has at last pulled off what could be an inspired acquisition, buying Booxmedia. The target is a Finnish cloud-based TV platform and services supplier and the pair have struck a deal that could rise to €10.6 million with add-ons. Booxmedia was set-up in 2009 by former Nokia (NOK1V:FH) executives after the technology group axed its own IPTV development plans. Buying the company will at a stroke vastly expand Amino’s addressable market beyond its core telecoms and IPTV customers and into the rapidly emerging TV-everywhere space, including content creators, broadcasters and mobile telecoms network operators. ‘Right time, right place,’ concludes Anthony Miller, analyst at the TechMarketViews consultancy and website. The initial deal, on a 5.6 times 2014 revenue multiple, suggests that Amino is buying the company for its valuable intellectual property and proven platform. This could save the Cambridge company millions of pounds in future in-house research and development spending. It also provides a neat solution to Amino’s long-standing issue of how best to use its substantial £20.6 million cash pile.
4 brokers recommend buys today & upgrade their target price ranging from 148 to 171.
Cambridge-based set-top box (STB) manufacturer and IPTV interface designer Amino Technologies (AMO:AIM) could become an unlikely beneficiary from a US pay-TV market thrown into confusion. Last week Comcast (CMCSA:NDQ) pulled the plug on its controversial $45 billion takeover attempt for rival Time Warner Cable (TWC:NYSE). On the same day UK-based STB supplier to both of those companies, Pace (PIC) accepted a £1.4 billion merger offer from US rival Arris (ARRS:NDQ), a deal that will create an $8 billion revenue a year market leader. That deal, struck on an enterprise value (EV) to earnings before interest, tax, depreciation and amortisation (EBITDA) multiple of 8.2-times represents a 28% premium to Pace’s previous market value, and has got analysts excited about the potential for Amino at 134p. Over the past few years under the guidance of chief executive officer (CEO) Don McGarva, Amino has shaped a clear vision for profitable growth, developing both its product suite and sales channels. With one of the strongest balance sheets on AIM, the company has the ability to play its part in industry consolidation, yet it has to date failed to identify value-adding targets. This suggests that Amino could itself fall prey, especially given its strong cash flows and £20.8 million of net cash (as of November 2014), representing in excess of 28% of the current £73.5 million market value. Analysts believe strong cash generation and margin uplift potential should command an EV/EBITDA of nine-times, implying a 170p-odd share price.
Northland Capital stays buy on Amino Technologies, target raised to 150p from 140p
Today but SP holding up well so far.
N + 1 Singer reiterates buy on Amino Technologies, target raised from 141p to 148p
Simon posting a positive buy signal today.
Cambridge-based Amino Technologies (AMO:AIM) has an increasingly long track record of wise investment in research and development (R&D) paying-off with best in class set-top box kit. This includes flexible functionality that can meet the needs of more simple offerings in emerging markets, plus feature-rich requirements of more mature markets, such as in the US. Nobody really knows what the ‘killer app’ that super-connects our homes in future will be, but set-top box technology like Amino’s is a strong contender, especially given the company’s experience and expertise in building the clever software inside. Amino resists the temptation to talk too much about its home hubs, or ‘Home Reach’ as the company calls its own product, but we expect that to change in time. In the meantime, exceptional cash generation and a net cash pile topping £20.6 million, or more than 25% of the current £75 million market cap, strip that cash out, the shares are trading on price to earnings (PE) multiple of 10.6 this year, and offer a 4.4% yield, even after rallying 46% since October. Copper-bottomed we think. (SFr)
So, onto other news, and first up AMINO TECHNOLOGIES an old favourite of mine, which has been a great performer over the last couple of years, the shares now up to £1.40p. The latest news from the company concerns an announcement made on 11 February 2015 regarding its TimeShift live TV. The solution which is said to ensure that viewers will never miss a moment of their favourite programmes has secured its first customer in the form of a leading Netherlands operator. From the release- The new solution combines 8GB of trusted, high endurance flash storage from SanDisk Corporation, a global leader in flash storage solutions, with Amino’s best-in-class Aminet IPTV software. Available in a small USB flash drive interface, the PLTV solution can be deployed as a simple “plug and play” upgrade. Measuring less than 2cms x 1.5cms, the flash drive slots neatly into the USB slot on the STB enabling consumers to instantly pause, rewind and resume live TV. Amino’s CEO Donald McGarva said: “We are constantly looking for ways to increase the performance and practicality of our set-top boxes. The new Amino TimeShift device follows co-operation with SanDisk, a leader in flash storage system design, to develop a robust, quality solution that will add real – and instant – value to an operator’s offering. TimeShift ensures viewers never miss a minute of their favourite shows and operators have told us they see pause live TV as a valuable addition to their service offering. ” “SanDisk is focused on storage solutions for connected devices, providing a unique offering for Connected Home applications. By bringing together SanDisk’s deep expertise in flash storage management for PLTV and Amino’s understanding of the network operator ecosystem, the new Amino TimeShift offers a smart, local storage solution that enables operators to deliver the same quality to time-shifted viewing that was once only possible with live TV watching,” said Oded Sagee, senior director and general manager of Connected and Computing Solutions at SanDisk.
& ride the waves as this heads to the ex-div date in early April.
jump today & bodes well for a sustained rise to the ex-dividend date in early April.
Amino’s cash-back, of sorts Cambridge-based Amino Technologies (AMO:AIM) has long held the reputation as a cash king, and nothing’s changed there. Cash generated from operating activities in the year to November 2015 adds up to £6.5 million, or 96% of earnings before interest, tax, depreciation and amortisation (EBITDA), and that’s after £2.5 million of capex, £1.4 million spent buying back shares and £1.9 million on dividends. Do the sums and that leaves net cash £800,000 up at £20.6 million, or a staggering 40p per share. Shares has previously flagged the opportunity for the company to return some of those readies to shareholders, and today it did, although perhaps not in the way some expected. There’s no one-off value return and maybe that’s why te stock has stayed roughly flat today, off 1p to 126p. Instead there’s a whopping 45% hike to the normal payout, meaning 5p for the full year, 25% higher than expected by analyst at FinnCap. Strip that cash out, the shares are trading on price to earnings (PE) multiple of 10.6 this year, and offer a 4.4% yield, even after rallying 46% since October. Some investors might still grumble but in many ways, this is better since it shows a long-term commitment to creating value for shareholders and returning surplus to them. That’s the picture CEO Don McGarva prefers to paint, his confidence in the core strength of the business undiminished despite coming through a spell of limited growth. Wise investment in R&D (£7 million worth last year) is paying-off with best in class set-top box kit with flexible functionality that can meet the needs of more simple offerings in emerging markets, and the feature-rich requirements of more mature markets, such as in the US. Expansion into home hubs, or ‘Home Reach’ as Amino calls its own product, which connects things like thermostats, doors sensors etc. This is an exciting opportunity of which we expect to hear more as time goes by. In the meantime, Amino is quite happy to continue building on its internet protocol (IP) broadcasting basics, and as growth turns higher, it has plenty of cash to invest in the business while keeping shareholders happy.
Agree with long term view plus a great dividend taboot
Back on track after some wobbles. this is definitely one to buy and put away for a while. I have a target of 300p on this and will hold long term.
Amino has delivered a strong performance during 2014, with full year profits considerably ahead of the prior year, an improved cash position and a return to revenue growth in the second half of the year. Furthermore, shareholder value has been enhanced through the continued commitment to a progressive dividend policy and share buybacks in the second half of the year. Profitability and cash conversion have both been strong with a record net cash position at the year- end. Gross margins have been enhanced and tight cost control maintained. New product and a strong sales performance ensured that the Company returned to revenue growth in the second half.
out Monday, opportunity to fill your boots ahead of stellar results IMO.
Can't sat I blame anyone taking profit, but it looks to have been a bit premature, http://www.privatepunter.co.uk/News/tuned-into-amino-4-december-2014