Member Info for jange

Research house Edison, which counts NetDimensions as a research client, notes that the group "is expanding into emerging markets, increasing the emphasis on direct selling and broadening its product range to enable cross-selling of new modules to its global customer base. Nevertheless, the shares are still trading at half the 2007 IPO [flotation] price." It is conservatively forecasting the group will grow revenue by 13% this year (FY12) to $13.8m, which implies a similar second half to last year. "We expect operating margins to pull back in FY12 due to the increased headcount and marketing spend, but to rise back above 10% in the medium term," Edison added. Edison's view is that the stock looks undervalued compared to its AIM-quoted UK peers and its larger US competitors. "Our discounted cash flow analysis, which incorporates potentially conservative assumptions, suggests a valuation of 65p," the research house said. House broker Panmure Gordon left its "buy" recommendation unchanged and upped its price target to 84p from 76p after the results. "We are reminded of recent industry research stating that NetDimensions is 'clearly a company to watch' - not just watch, we venture, but Buy," Panmure Grdon analyst George O'Connor said. The broker has upped its full-year earnings per share forecast to 2.586 cents from 2.43 cents.

"We are committed to the idea of sustainable growth; we're not just flipping burgers here," Shaw said. "The bottom line is we have a little cash and we are growing," Shaw added. The net cash position at the end of June had improved to $7.8m, prior to the pay-out of the dividend, from $5.9m a year earlier, equivalent to 19.7p per share. The company increased headcount by 21% and added 42 new clients via direct sales and reseller channels during the reporting period. "We continue to hire and we are feeling pretty good about R&D [research & development] right now," Shaw said. "Quota-caring sales people will grow at a faster rate over the next couple of years," Shaw revealed, with the main sales pushes coming in the US, Europe and China. "The next office is set to be in Rio, and that's not so we can attend the carnival," Shaw quipped, "it's because of the growth of the Brazilian economy. The company will continue with its emphasis on addressing compliance-heavy markets, such as financial services, mineral extraction, transport and pharmaceuticals. The company has not declared an interim dividend, but looks likely to pay a final divi again for the current financial year, having made its maiden payment at the full-year stage last time out. That 2p pay-out included a special dividend element of 1.5p "for our loyal shareholders", Shaw noted.

Staff training and talent development software provider NetDimensions made its traditional first half loss but the red ink was of a paler hue than last year as revenue increased by a third. Loss before tax in the first half of 2012 narrowed to $0.5m from $0.7m last year, while the adjusted operating loss was hacked to just $0.1m from $0.4m. Chief Financial Officer Clarence Wu noted that, as per usual, the company's performance would be second-half weighted, possibly even more than usual. "It was about 35/65 weighted last year, maybe 40/60 the year before that," he told Sharecast. Revenue rose to $5.9m from $4.4m the year before, while deferred revenue - money the company is contracted to receive but for which it has not yet invoiced the client - rose 57% to $4.4m from $2.8m a year earlier. "Of that $4.4m, around $3.3m is expected to feed through in the second half of 2012," Wu said. NetDimensions operates a software as a service (SaaS) model, which means contract wins see revenue spread out over the life of the licensing period, rather than as a lump sum when the contract is signed. Jay Shaw, Managing Director and Chif Executuve Officer of NetDimensions, admitted that the company had not grown the top line as fast as some of its US rivals but suggested that many of those competitors are only interested in buying market share so they can sell their companies on to bigger players.

Abbot ale brewer Greene King issues an interim management statement, and Panmure Gordon thinks the pubs group will have made a robust start to the new financial year, despite the wettest summer since 1912 in the UK. "We forecast 3.5% LFL [like-for-like] sales growth in managed pubs and 2.5% growth in average EBITDA [earnings before interest, tax, depreciation and amortisation] in its tenanted pubs," the broker revealed. "Core brand brewing volumes should be broadly flat," Panmure Gordon added. Sticking with the boozy theme, pubs group Spirit Pub Company issues a pre-close interim management statement and Panmure Gordon expects the group to reiterate it is comfortable with market expectations of full-year profit before tax of £51.5m. Like Greene King, the group will not have enjoyed the recent weather, but the broker argues "the group has strong momentum in managed pubs and a plan to alleviate the sharp decline in income from leased pubs."

We expect to hear more about plans in China, particularly with the announcement of the major JV [joint venture] with Besun, which will deliver genetics to 10m slaughter pigs when in full operation," the broker added. As for Dechra, the market is expecting profit before tax of £31.1m on revenue of £420.2m. Earnings per share are tipped to rise 19% to 37.03p, paving the way for the full-year dividend to be upped to around 12.16p from 10.97p last year.

Peel Hunt says emerging markets growth should be offsetting higher feed prices at Genus. It is forecasting a 15% improvement in profits, with strong growth across a number of emerging markets. The key issue currently is the rise in feed prices, Peel Hunt believes. "This will have a direct impact on Genus's feed costs of around £1m, but it will also affect its customers. Some customers may well struggle in the short term, but generally higher feed prices are good news for Genus as it accelerates the trend to industrialisation of the industry and reinforces the benefits of genetics in improving feed conversion," the broker predicts.

Investec has upgraded its rating for Argos and Homebase owner Home Retail Group, saying that the firm's second-quarter trading statement next week could see a pick up in sentiment. "While the market short position in Home Retail has retreated, it remains very high and we therefore believe the shares should react positively to evidence of more resilient trading at Argos," Investec said on Monday morning. "With share price risk weighted to the upside in our view, we are therefore moving from 'sell' to 'buy', with a new target price of 109p (70p previously)

Galvan Research and Trading has recommended to buy shares of insurance giant Prudential, saying that the stock's recent underperformance is 'unwarranted'. "Although recent weeks have seen the market plump for sector peer Aviva rather than Prudential, Galvan Research regards the Pru as a 'buy' on the basis of the recent relative share price underperformance and the fact that the fundamental downside remains cushioned by very strong Asian growth," said Galvan's head of research, Andrew Gibson. In the first half, the company reported that total revenues rose from £21,603m to £23,881m year-on-year, while pre-tax profit increased from £1,208m to £1,299. Galvan highlights that Asia delivered a 21% rise in operating profit and an 18% rise in new business profit. Meanwhile, Asia's cash contribution to the group was up 20% at £126m. "The recent consolidation for Prudential shares has taken place above the 50-day moving average at 768p. While this charting feature remains in place as support, the upside here should be a minimum retest of the summer 820p plus resistance zone," Gibson said.

Shares in Andes Energia had jumped nearly 17% this afternoon, while sector peers Drax and Helius Energy were registering small gains.

Gains for heavyweight utilities group SSE meant that the electricity sector was the best performing category on Wednesday afternoon. The company announced late on that power generation at its Glendoe hydro electric scheme, near Loch Ness, has re-started three years after a rock fall occurred in one of the tunnels. Paul Smith, Managing Director of Generation at SSE said: "The work to restore electricity generation at Glendoe has been undertaken in a very rigorous way to make sure that this strategic asset meets its original design criteria and is ready to play its full part in supporting the country's electricity system for many decades to come. SSE was also being pushed higher by today after Bank of America Merrill Lynch (BofA ML) upgraded its rating on the stock as part of its review of the European utilities sector. The broker lifted its recommendation from 'neutral' to 'buy', explaining that the company's tariff increase announced last week has erased a downside risk to earnings. The firm announced on August 22nd that prices for its household customers in the UK are to increase on average by 9% for both electricity and gas from the middle of October. "The move underpins the profitability of the supply division and gives us greater confidence in the medium-term outlook for EPS and DPS progression," the broker said.

Car insurance giant Admiral also fell after Credit Suisse downgraded its rating on the shares from 'outperform' to 'neutral' and reduced its target price from 1,300p to 1,250p, saying that there isn't much upside left in the stock. "Despite reporting a solid headline result and outlining multiple areas where buffers have been built to support future results, weaker-than-expected vehicle count growth, heightened pressure on industry pricing and larger-than-expected international losses have prompted us to lower earnings forecasts by 4-7% for FY12-14e," the broker said. Canaccord Genuity also downgraded Admiral to 'sell' today, while Exane BNP Paribas reiterated its 'underperform' recommendation

Chip designer ARM Holdings was under pressure today after Deutshe Bank downgraded its rating on the stock from 'hold' to 'sell' and reduced its target price from 465p to 400p. "Despite reflecting many of ARM's long-term growth drivers such as rising royalty rates and penetration of new markets in our model, we expect ARM's [earnings per share] growth to slow down to mid-teens," said analyst Kai Korschelt. "Coupled with higher market share uncertainty and chip ASP erosion in mobile, we believe the stock can de-rate over time and downgrade from 'hold' to 'sell'." Meanwhile, in an interview with The Financial Times at the weekend, The group's Chief Executive Warren East said that the firm was cutting back of recruitment this year as it expects a slowdown in sales in the second half.

Good rns this morning another piece of the jigsaw in place.........looks very cheap here,due for another rise soon.

ILL SPEAK TO YOU SOON GOING TO WATCH NEWS NIGHT

jamie or riddler em let me think.......

ohhhhhhhhhhhhhhh not good,when you make your first million you can kick it in to touch lol How come me and you have to work an the others dont .........not fare...

jamy..........typo

Ill take a look there tonight.....hows things with you,are you working the weekend....

jamie i would have bought some aswell.......

spooky i was wrighting about that as you were......