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Serious buying, must know something. Please let me in on it.
Three-dimensional technology solutions firm DDD posted a 74 per cent spike in half year revenue, reported a maiden profit and is confident of meeting full year expectations. Pre-tax profit came in at $663,000 for the six months ended June 30th 2012 compared to a $387,000 loss the year earlier. Revenue increased to $4m from $2.3m previously. Chief Executive Chris Yewdall said: "We have continued to deliver strong turnover growth and generated a maiden profit after tax for the first half. This performance underscores the momentum of the 3D consumer market and we have maintained our market leading position across a range of 3D devices and extended license agreements with current customers." "We are exploring new 3D business opportunities with the launch of the Yabazam! 3D movie app for the latest 3D Smart TVs from Samsung and LG," he added. Net cash at June 30th fell to $2.5m from $3.3m the year before. Working capital balance improved slightly to $3.7m. The group added that shipments of its TriDef 2D to 3D conversion solutions in the TV, PC and mobile markets have grown dramatically and together now exceed an estimated 20m units.
Valuation: Strong growth potential – 20.2x 2013e P/E We believe that DDD has established a strong position of leadership for 2D to 3D conversion across multiple display segments and that DDD should be able to participate fully in the growth in the 3D market through its 2D to 3D offerings in the 3D TV, PC, gaming, mobile and content markets. Our proxy comparator matrices (see Exhibits 1 and 2) suggest that DDD’s share price has potential upside.
http://www.edisoninvestmentresearch.co.uk/researchreports/DDD240912update.pdf
Chris Yewdall, Chief Executive said: "We have continued to deliver strong turnover growth and generated a maiden profit after tax for the first half. This performance underscores the momentum of the 3D consumer market and we have maintained our market leading position across a range of 3D devices and extended license agreements with current customers. We are exploring new 3D business opportunities with the launch of the Yabazam! 3D movie app for the latest 3D Smart TVs from Samsung and LG. "Shipments of our TriDef 2D to 3D conversion solutions in the TV, PC and mobile markets have grown dramatically and now exceed an estimated 20m units cumulatively. The Board remains confident that the Group is on track to achieve its objectives for the current financial year."
Interims out - first glance look good :) Financial Highlights · Revenue up 74% to $4,032,000 (June 2011: $2,316,000) · Profit before tax, before non-cash share based payments, of $991,000 (June 2011: loss $68,000) · Profit before tax of $663,000 (June 2011: loss $387,000) · Net profit after tax of $86,000 (June 2011: loss $861,000) · Earnings per share 0.06c (June 2011: loss 0.64c) · Cash generated from operating activities of $213,000 (June 2011: outflow $332,000) · Net cash at 30 June 2012 $2,455,000 (June 2011: $3,313,000) · Working capital balance improved to $3,732,000 (June 2011: $3,652,000) · 7m units of DDD TriDef 2D to 3D conversion solutions shipped by TV, PC and mobile licensees in the period bringing cumulative total of TriDef unit shipments to over 18m at 30 June 2012 o Over 20m units shipped by licensees as of the date of this release Subsequent to the period end - highlights · Yabazam! launched as a transactional video on demand (TVOD) service on the top two 3D TV market SmartTV platforms (LG and Samsung) · License agreement renewals with LG Electronics and Top Victory Investments Ltd
Cannot seem to find any relationship to good RNS's ref company results with SP movement. Last news from DDD was that everything was great.........SP went down. Not really sure about DDD anymore, lets hope monday will put us back in the right direction. GLA
Three-dimensional technology firm DDD said it had extended a licensing deal with China's top PC maker. The company has licensed its 3D software for another two years to Top Victory Investments for use in 3D monitors. The technology allows 2D to 3D conversion for video and games, as well as playback for originally made 3D photo and video content, and will be used in AOC, Envision, Philips and TPV's own brand monitors. It also means around 100 Chinese online games and over 670 PC games can be played in 3D 'off the shelf' even though they have not been specifically developed for 3D. Under the deal DDD will continue to receive quarterly royalties based on the volume of monitors shipped. Chief Executive Chris Yewdall said the first year of DDD's partnership with AOC had proved to be very successful. "TriDef 3D [technology] continues its rapid expansion in the 3D market with over one million PC licenses shipped in the first half of this year," he said
I expect DDD to have a better than expected H1. The Half year trading update was great and an upside hinted. The exceptional growth % should increase, cash strong and potential enormous - yadayadayada. Someday there will be a breakout but DDD is tiny, unknown and very thinly traded. This month may be that breakout but I think it will take big PC growth in China and big Yabasam cash uptake. Hoping for H1 but think H2 more likely.
half year results are 24th september. very frustrating that the sp hasn't got up on great news results in the past, Does leave you a bit fed up with it all
but cannot get any buyers. Not very liquid. What will i do when i want to sell all the share?
due late September. Anybody got any dates? Lets hope we get confirmation of trading update and hopefully a positive outlook for the rest of the year. All this good news but SP remains depressed, getting me depressed too.
at DDD today. Greater access to 3D movies.
Chris Yewdall, Chief Executive of DDD, said: "We are very pleased with the success of the early version of the Yabazam 3D app. LG's 3D TV customers have demonstrated their desire for new 3D content and these latest advances will allow them to further enjoy Yabazam's diverse 3D programming." Yabazam was launched in late 2009 and was the first online portal to offer high definition 3D movies. Since then, Yabazam 3D content has become a mainstay feature of many of the latest 3D notebook and personal computers from leading brands. The new Smart TV 3D app expands Yabazam's reach to a much wider audience that is looking for compelling content to watch on 3D TVs.
Yabazam upgrades LG 3D TV app with 3D VOD service Los Angeles, California - 7 September, 2012: DDD Group plc (AIM: DDD), the 3D solutions company, has launched the upgraded version of its Yabazam 3D video app for LG 3D Smart TVs, which streams 3D programs on a video on demand (VOD) basis. The Yabazam 3D app is the first dedicated 3D video app in the US to allow consumers to rent original 3D movies and TV shows. It brings the complete library of 3D content available at Yabazam.com to LG 3D Smart TVs. The app is supported on more than 50 LG 3D Smart TV models and is available in the US, UK, Germany, Korea, Hong Kong and Taiwan. Initially launched to stream free 3D movie trailers, Yabazam 3D became LG's most popular free TV app after its first week of release. Yabazam features a wide range of 3D content, including independently produced 3D movies, documentaries, live action comedies and animated features from producers around the world. Its recent deal with WealthTV brings a bounty of added travel and lifestyle programming. DDD is aggressively growing the range of 3D programs available on Yabazam and is releasing new 3D titles on a weekly basis.
http://www.investegate.co.uk/Article.aspx?id=201209070700097177L
Cash rich, increased demand for new smart handsets and tvs. Why is the SP so weak. Due for news and a kick upwards.
SP volatility. Down by 11%. Shaking the tree
recorded after hours has pulled the price down. Bit worrying cos of the volume but we have no idea when this trade was done. Why do MM do this?
Chris Yewdall, DDD's Chief Executive Officer said: "Demand for our TriDef 3D technology continues to demonstrate strong growth across a range of products and we have delivered a good first half that underpins the Board's expectations for the full year."
Half year trading update DDD Group plc (AIM: DDD, 'the Group'), the 3D solutions company, announces a trading update for the six months ended 30 June 2012. The Group expects first half revenues to be approximately $4m, up 74% compared to the same period in 2011 and up 25% from the second half of 2011 as the Group continues to benefit from growing demand for its 2D to 3D conversion software. First half gross margin is expected to be 96%. Cash and receivables (including earned royalties) at the end of the period were in excess of $4.4m and the Group has no debt. Demand for the Group's TriDef® 2D to 3D conversion products rose again in the first half of 2012, with approximately 7m units shipped, up 52% compared to the same period in 2011. This brings the cumulative number of consumer devices shipped with TriDef 3D to more than 18 million units worldwide at the end of June 2012. Compared to the same period in 2011, shipments by TV chip manufacturers grew 23% while PC software shipments grew 1,031%. Mobile IP shipments grew by 487% and represented approximately 4.5% of all IP shipments in the period. Demand for the Group's products in the PC market continues to increase, with more than 1 million licenses of the higher value TriDef 3D PC software shipped during the first half, representing 15% of IP shipments in the period. The Group also introduced its Yabazam! 3D Smart TV app during the first half on both Samsung and LG Electronics' 3D TV platforms. The app has now been downloaded almost 60,000 times. The Group expects to activate the pay TV version of the Yabazam app during the current quarter, allowing 3D Smart TV owners to watch any of the growing range of Yabazam! 3D movies on a pay-per-view basis.
http://www.investegate.co.uk/Article.aspx?id=201207300700087471I
Valuation: Growing demand for TriDef continues Our 2012 estimates are unchanged but we believe there is scope for upside. Visibility for 2013 and beyond is still very limited, with the result hinging on ongoing growth TriDef shipments and the success of Yabazam. Both represent sizeable market opportunities and positive progress on both fronts should drive continued very strong growth. The EV/Sales ratio of c 6x is clearly a growth rating, but this business is growing at 78% year-on-year and has plenty of headroom for operationally geared expansion. Better visibility on continued strong TriDef and Yabazam uptake is the key catalyst for upside, through pricing in continued strong sales and earnings growth. We will add forecasts for 2013 following publication of the interim results.
http://www.edisoninvestmentresearch.co.uk/researchreports/DDD300712update.pdf
recommendation. IC never gets such positive response. This magazine seems to get the confidence of it's readers. GLA