Amino Technologies Share Discussion Threads

[simon gordon] 22/6/2021 12:03

New thread for Aferian plc:

[fillipe] 21/6/2021 08:18

African miners ... shades of many now extinct disasters in that field - notably Afren.

f

[deanowls] 21/6/2021 08:01

Now sounds like a drilling company or something.

[masurenguy] 21/6/2021 07:38

Change of Name to Aferian plc

In February of this year, the Group launched an ambitious new strategy to become a software-driven growth business. This new strategy capitalises on the increasing consumer expectation that we should all be able to connect to the TV and video we love on any device, at any time, wherever we may be. The Group's award-winning Next Generation technology platforms make this modern TV experience possible, by providing Pay TV operators, broadcasters and media owners with smart, cost-effective ways to deliver it.

By 2025, this strategy aims to triple Group revenues and increase the percentage of Group software revenues that are recurring to 70%. Early success has already been achieved, including delivering year-on-year double-digit growth in Annual Recurring Revenue in the first half of the current financial year. As momentum continues to build, it is the Board's view that a new name would better reflect the true scale, breadth and potential of the Group's operations and market positioning. As a result, Amino Technologies plc will be renamed "Aferian plc". The Group's two go-to-market brands, 24i and Amino Communications, will continue to operate under their respective names. Concurrent with the change of name, the Group's website has changed to www.aferian.com. The Group's TIDM code will change from "AMO" to "AFRN" from 8.00 a.m on Tuesday 22 June 2021.

[tole] 20/6/2021 16:38

https://masterinvestor.co.uk/latest/small-cap-round-up-featuring-amino-tech-anexo-avingtrans-and-more/Amino Technologies (LON:AMO) – getting tuned-in globallyThis global media tech company, which delivers modern TV and video experiences, is due to be announcing its first-half results on Tuesday 3 August. That is when we should get various upgrades to current year and prospective years' 2022/2023 figures.In the meantime, the company is beginning to pump out details, albeit scant, of new deals that it is tying up across the world.They follow the recently issued first-half results which showed some strong trading.The shares, now trading at around 169p, are just a few pennies short of their recent peak but have the look of a charge up to the 200p level in due course.(Profile 09.12.20 @ 121p set a Target Price of 155p*)

[masurenguy] 08/6/2021 16:36

Nice rise on a very small trading volume. Very little stock available - I looked to make a modest top up this morning but couldn't even get a small amount.

[ga_dti] 08/6/2021 07:18

Watch our latest interview with Donald McGava discussing the Nordija acquisition:

[masurenguy] 08/6/2021 07:16

Positive interim trading update with H1 results due on 3 August.

Trading Update

Strong progress against 2025 strategy and key medium term KPIs - H1 revenue expected to be significantly ahead of prior year with continued improvement in earnings quality and visibility

Cambridge: 8 June 2021:
Amino Technologies trading update for the 6 months ended 31 May 2021. The Group has traded well during the period with revenue for the first half expected to be approximately $45.3m (H1 2020: $38.0m), 19% ahead of the prior year. Improving quality of earnings and enhancing visibility continues to be an area of focus and of progress with the Group expected to report higher margin software and services revenue of approximately $10.0m (H1 2020: $9.7m), and an exit run rate Annual Recurring Revenue (ARR) of approximately $13.8m (H1 2020: $10.1m), 37% ahead of the prior year.

The Group has also made strong progress against its 2025 strategy, capitalising on the convergence of streaming services and traditional Pay TV. In May 2021 the Group acquired Nordija, a Danish streaming and Pay TV platform specialist. Nordija, which will be integrated into the Group's 24i business, will enhance and scale the Group's end-to-end video streaming portfolio and is expected to be earnings enhancing in the first full financial year of ownership.

As at 31 May 2021 the Group had gross cash of $17.0m, drawn credit facilities of $7.0m and undrawn credit facilities of $8.0m. Strong sales toward the interim period end led to an increase in receivables as at period end, all of which are expected to be collected in H2. The Group's cash deposit relating to the bid for MobiTV of $1.8m was subsequently refunded in full on 2 June 2021. The Group continues to retain in full the net proceeds of its recent £9.4m equity fundraising to fund future acquisition opportunities in order to help it continue to deliver against its 2025 strategy.

The Board remains confident of the Group's prospects and will provide a further update on trading when it announces half year results for the six months ended 31 May 2021 on 3 August 2021.

[sharw] 31/5/2021 14:34

One of the things I like about AMO is its culture for integrating acquisitions and Nordija is no different. Thomas Christensen, CEO of Nordija, who has been with them since the start, will become CTO of 24i. I found this video of him:

[sev22] 27/5/2021 09:20

Note from House broker this morning.

Small acquisition adds ARR, tech and customers.

Amino has announced the acquisition of Nordija, a Danish software business Nordija’s products, fokusOn and Stratos, fit into the Amino “TV anywhere, any time, on any device” mantra, delivering a platform which enable telcos to deliver rich, interactive, user-friendly OTT & VOD TV viewing, with a wide ecosystem of tech partners. The “unified cloud superbundle” product, Stratos, reinforces Amino’s TV Platform-as-a-Service goals and a strong list of customers include Swisscom, Telenor Sweden, Boingo, Vodafone Iceland, T-Mobile Netherlands and SETAR in the Caribbean. The total consideration of $6.5m will be funded from existing cash resources ($5.3m cash $1.2m equity) and $0.85m deferred conditional consideration; Nordija adds c$1.8m ARR, with last reported revenue of $4.5m in FY20. Amino retains a strong balance sheet and for M&A, to deliver the target $250m, 70% software target in line with the ambitions of Amino 2025. FY21 forecasts are mildly adjusted (rev +3%, EBITDA +2%) and FY22, the first full year of ownership, delivers +6% revenue +7% adj dil EPS. Target 215p reiterated.

[slim9] 27/5/2021 07:33

Nordija brings to 24i its strong TV as a Service platform software, an expert team and deep experience with a wide ecosystem of technology partners and customers. Nordija delivered revenues of EUR3.7m ($4.5m) in FY20. Nordija is expected to achieve growth in FY21 and the Acquisition is expected to be earnings enhancing in the first full financial year of ownership.

[tole] 27/5/2021 07:27

https://bdadvanced.ipreo.com/OpenFileLink.aspx?ID1=b660515c-5c9c-44a8-90b8-5d2f14c5b5a5&ID2=692475091Amino Technologies PLC (AMO) MARKET CAP.£116.6m SHARE PRICE140pStrengthening the position in softwareAmino has announced the acquisition of Danish streaming and Pay TV platform specialist Nordija A/S for a total consideration of €5.3m. A strong fit with Amino's existing software business in our view – particularly with 24i, the deal brings additional scale, expertise and a blue-chip client base to the Amino platform. We increase forecasts following the announcement, with FY 22E revenue and adjusted EPS increased by 6% and 2% respectively.

[mrbbd] 19/5/2021 10:03

Interesting threads from the last few days..

[masurenguy] 19/5/2021 07:30

Kestrel has taken advantage of the recent pullback to increase their stake to 22.4%

[sharw] 15/5/2021 13:29

simon gordon 12 May '21 - 22:41 - 217 of 219
"Looks like TiVo, the guerrilla in the space, is not going to let anyone eat their lunch".

Yes, rang a bell - have just rewatched the 10th Feb. presentation on IMC. The spot on competition starting 10m 55s in shows only TiVo as a competitor in the complete end to end solution. Of them Donald McGarva says they are concentrated on the Tier 1 N. American market so rarely come into competition and there have been some cases of cooperation.

On the Q&A tab there is also this addressing the "being in the Championship and never getting into the Premier League" comment:

Q12: Is it a deliberate policy to concentrate on Tier 2 & 3 and if so why ? Surely tier 1 will be a large chunk of the addressable market

[sev22] 13/5/2021 17:08

Commentary from House broker today:

Placing gives acquisition firepower.

Amino has completed a £9.4m placing at 140p, boosting the strength of the balance sheet in anticipation of acquisitions to deliver the route to the financial targets of “Amino 2025”. The auction for the trade and assets of MobiTV, in Chapter 11 proceedings in the US, resulted in Amino’s selection as the reserve bidder, effective if the successful bidder’s transaction does not complete by 31 May. Amino’s ability to respond quickly to future acquisition opportunities, with balance sheet strength already in place, enables the board to act efficiently in reviewing and responding to acquisition opportunities. Target 215p reiterated and we look forward to the June trading update.

[techno20] 13/5/2021 08:01

So much for my hope of a recovery today. I sold a big chunk of my holding on Tuesday @ £1.48, so depending on how things go today may well buy them back. Having £9m of extra fire power to move swiftly seems sensible.

[masurenguy] 13/5/2021 07:56

Amino has raised £9.4m @140p to provide the funding for the MobiTV bid should this ultimately prove to be successful. Currently they are the reserve bidder to TiVo in the auction. If not, they propose to use the funds for other, as yet unidentified, acquisition opportunities. The shareprice should initially fall at the open to be closer to the 140p placing price.

Placing

In order to provide Amino with additional funds to aid execution of its acquisitive growth strategy, the Company also announces a placing of new ordinary shares in the Company to institutional and other investors (the "Placing"). Amino is pleased to confirm that it has received commitments from investors to raise gross proceeds of £9.4 million by way of the issue of 6,714,286 new ordinary shares in the capital of Amino pursuant to the Placing at an issue price of 140p per Placing Share subject to customary conditions including, inter alia, admission of the Placing Shares to trading on AIM.

The Board intends to deploy the net proceeds of the Placing, together with its existing debt facilities, to fund future acquisition opportunities in order to help meet its stated strategic ambition to triple Group revenues and drive recurring revenue as a percentage of Group software revenues to 70% by 2025. The Board believes that having access to readily available capital to deploy on acquisitions will enhance the Company's position in negotiating and executing such acquisitions. The Company also continues to regularly review its financing facilities to ensure an effective and appropriate capital structure and will continue to do so as the business evolves both organically and inorganically.

Current Trading and Outlook

The Group's trading since the announcement of its 2020 Results on 9 February 2021 has continued in line with management's expectations and there has been no material change in the Company's financial performance, position or outlook since that date.

[techno20] 12/5/2021 22:18

Looks like they’ve lost out on the bid. Not overly disappointed - looked high risk. Might see share price recover tomorrow......

TiVo emerged as the winner on day 2 of an auction for MobiTV’s assets after fending off several raised bids from Amino in conjunction with Roku and RPX, a patent portfolio company.

TiVo’s winning $18.5 million bid for MobiTV comprised of $17.4 million in cash along with the APA submitted as part of the company’s baseline bid prior to the auction. The company beat out a competing $18 million bid comprised of $11.7 million in cash from Amino along with $5 million in cash from a Roku-RPX joint venture.

Other bidders included TV2 Consulting, VectorMax, Streaming TV Acquisition and Vobile—which dropped out early on during the auction.

Up for auction was both MobiTV’s IP/patent business and its ongoing operations which include providing live and on-demand video delivery solutions for video service providers. MobiTV Connect, the company’s software-as-as-service platform, has been tapped by operators including T-Mobile, Cable One and MCTV to launch app-based streaming TV services. The company said that Connect has been picked by more than 90 operators since first launching 2016.

RELATED: MobiTV files for bankruptcy as it plots restructuring

In March, MobiTV voluntarily filed for bankruptcy and said that it would use the proceedings to implement a restructuring process which it said will better position its operating platforms for long-term sustainability and growth. The company received a commitment for a $15.5 million debtor-in-possession financing facility that it said would support it during the restructuring process.

In a letter to MobiTV’s partners, CEO Charlie Nooney assured that the bankruptcy process does not mean that his company is going out of business. He said MobiTV expects to complete the restructuring process in the second quarter of 2021.

“We recognize that our customers are MobiTV’s most valuable asset. While the Company is reorganizing, our executive team and employees will be managing our business professionally and with the drive and enthusiasm for excellence that we have always demonstrated. We will continue to focus on providing excellent and uninterrupted service,” wrote Nooney.

[techno20] 12/5/2021 06:51

Looks like auction still going.

TiVo Corp. ended Tuesday's MobiTV bankruptcy auction with the high bid of $15.5 million, as the event adjourned, with the restart scheduled for 12 p.m. EST Wednesday

Emeryville, Calif.-based MobiTV represents a competitor for TiVo in the market for delivering IPTV solutions to cable companies. To acquire the asset, TiVo has to outbid another video technology company vested in the pay TV market, the UK’s Amino Technologies. Roku was also an aggressive bidder in the auction.

TiVo's "overbid" has usurped the combination of a joint $5 million bid by Roku and patent company RPX for MobiTV's intellectual property assets; and a $10 million bid by Amino for the broader "going concern" portion of MobiTV's business.

The debtors still have to approve TiVo's bid.

MobiTV provides turnkey app-based video distribution technology to small and midsized pay TV operators, mainly cable companies, with clients ranging from bigger concerns, including T-Mobile and Cable One, to the tiny cable operators represented by the National Cable TV Cooperative.

MobiTV entered bankruptcy in early March, reporting liabilities of $79 million vs. only $19 million in assets. T-Mobile, which used MobiTV tech in its recently launched and quickly scuttled TVision virtual pay TV platform, provided MobiTV with $15.5 million in debtor-in-possession financing to keep going amid its Chapter 11 process.

TiVo was purchased nearly two years ago by Xperi in a deal valued at $3 million Los Angeles-based Xperi is vested in sectors including in-car entertainment.

[slim9] 11/5/2021 07:31

yep cheers, seems quite a few bidders,