|Advanced Smartcard Technologies
||EPS - Basic
||Market Cap (m)
Real-Time news about Advanced Smart (London Stock Exchange): 0 recent articles
Happy with those - although I still think we should be looking at 6.5p this autumn with ITSO news beginning to roll and Hitachi beginning to ship. As Hitachi/Multefile cards begin to be bid into national ID projects there may be more attention turned upon SMRT.... It will be interesting to see what impact news of an ID project or an EMV contract would have on the share price.
Your 10p for 2008 should allow for some dilution between now and then. Current forecasts for 2008 are 0.74p - scaled back from .98p - 20X that would see the shares at 15p with 1.48p pencilled in the following year.....
On that basis I'll go for aspirations just a shade above your own. Perhaps I'm being greedy. ;0)
|garth: Pleasure Bonty.
I'm not sure what the current state of play is. From comments on the website it looks as though Elva have delisted while business builds. Helps to illustrate though that SMRT are not a one-trick pony.
Roll on news of that global payment card contract.....
I still think that current progress (post Hitachi RNS) supports a share price closer to 50% ahead of where we are now.
|igoe104: At the end of the day awilson, depends if the company deliver. if the share price is 12p+ in a few years, nobody will complain then. if it stays at this level, people will moan.|
Like you, I was a little disappointed by the option price.
This morning, I checked with SMRT -"guidance issued by HMRC to calculate the option price is Bid Price plus one quarter of the spread.On 28th February at the close of business the share price was 3.5p-4.25p. Therefore the option price was set at 3.7p."
I hope there are no more options issued as they dilute eps.
It would be bad form if the recently appointed Duthie were to be given any until it can be proved he is actually delivering the goods.|
"they are lacking in any kind of expertise to use it to grow this company"
LOL! They've just announced pushing 100% growth, have another 130% pencilled in this year, jumping to over 400% growth the year after as royalties on previous work start to really kick in!
You need to look at the standing within the industry of one or two of the directors.
The share price has treaded water for 12 months - but don't mistake that with a lack of growth in the underlying business. Effectively the pe has halved over the year......
|masurenguy: Hey Jimmy, For the benefit of you sassanachs here it is :-)
CAPITALISED at only £9 million, and with a share price of just 3.75p, AIM listed Advanced Smartcard Technologies plc (AST) is one of Scotland's smallest quoted companies and liable to fall off the radar for most private investors.
My advice this morning: don't let it. AST is a company - and a share - to watch. AST, based in East Kilbride,has developed a sorftware technology in the field of electronic ticketing called Multefile. It enables smartcard issuers like transport companies to delete,amend or modify applications without requiring a recall or re-issue of the card to end customer users.It means that smartcards used on a mass basis can be individualy re-programmed after issue to tailor its needs to the person using the card.
Demand for smartcards has grown at a phenomenal ratein the past decade,chiefly in the telecoms industry(SIM cards for mobile phones)and in banking("chip and PIN").Multefiles biggest potential is in the new growth areas of transport ticketing-such as the Oyster cards for London Underground-and personal identification such as electronic passports,driving licences and health and leisure establishments.Transport Scotland and Metro Coastlines are both customers. The company,established only in 2000 and which it made its AIM debut just over 12 months ago,is still at a formative stage but it is attracting interest for three reasons.
One is the progress already evident in the preliminary figures for the year to end September which the company announced earlier this month.
Second is the steps the company has taken to expand its sales and marketing operations,both in this country and overseas.
Third is the potential for growth,evident in the endorsment of Royal Bank of Scotland and Scottish Enterprises ITI Techmedia,which is particularly interested in applications in anti-counterfeiting.The company is exploring areas such as medical records biometric security systems.
AST potential is also evident in the notably upbeat statement from chief executive David Bradock that accompanied the results. Sales grew by a modest 3.4 per cent to just over £2 million in the year just ended.But NOTE the margins in this business:gross profit came to £1.5m, up 29 per cent.After administrative expences and bank interest costs,pre-tax profits come to £273,000 against £111,000 previously. Sales agents have been hired in Turkey,Austrailia and New Zealand.Earlier this month it announced that Toronto-based Martyn Cooper,a prominent figure in the smartcard industry,has joined forces to work with ASM subsidiary Ecebs to develope its interests both in Canada and the United States.
Smart cards are now being nationally deployed by the financial industry in Canada and actively deployed by the transportation industry and government in the US.But this,says the company,"is just the beginning of smart card deployment in North America"
For investors prepared to take early developement-stage risk,the longterm potential makes the shares at 3.75p an attactive speculative buy.|
|archa: I appreciate that the present results give no specific clues as to the likelihood of the earnings targets (operating profits) for 2007 and 2008. However, David Braddock's statement could be interpreted that the 2007 target may well be achievable. If this were to be the outturn, then at (say) £675K the earnings per share would be 0.313p. At 4.25p the PE ratio would be 13.6; at 5p it rises to 16.0 and at 6p. it would still be under 20 (19.2). If during 2008 the capital is raised to (say) 235m shares, the PEs for share price levels of 4.25, 5 and 6p would still only be 14.8, 17.4 and 20.9 respectively, in my view, undemanding levels for a profitable investment in the smartcard sector.
|m5artin: Hi, garth, I've just read all the way through this very informative BB and looked at the RNSs and read the stockbrokers stuff.
I was thinking of buying in but here are my concerns..
How many companies currently are supplying smart cards and smart card readers in this country?
Why an Australian company, ERG Transit Systems, gets Selected as Preferred Supplier of Electronic Ticket Machines to Stagecoach Scotland?
What caused that awful dip in the share price last October.
Why should SMRT get all the new business when it looks like evryone but themselves are getting the work?
Perhaps multi layered smart cards are unnecessarily expensive compared to the simpler offerings of thier rivals?|
|garth: Well, with results on monday we have just one trading day to go. Results for the first full year listed on Aim might be expected to draw a line in the sand and give something a bit more substantial for analysts, tipsters and investors to get hold of.
Broker estimates are for a profit of £300k - a near 100% increase on last year. Forecasts for next year currently at £700K rising to £3m the year after. I still expect those 2008 forecasts to be scaled back - but we will see. With Oyster and Calyspo interoperability with ITSO moving forward, concessionary bus travel throughout the UK in 2007 and rail franchise changes in 2008/9 you never know..... Hoping to see us back above 4.25p next week and 10p share price in the next 18 months.
If I'd had the cash spare I would have got in a couple of months back when the share price offered excellent value. If I had oodles lying about now I'd have some invested in IGP now - (but I still think the shares might come back a bit further) I don't - so probably won't at present. I still believe that SMRT have just as much chance as IGP of cashing on a UK national ID scheme. But well done with IGP - I'd like to have been invested but needed to liquidate a number of AIM holdings last summer.
Advanced Smartcard share price data is direct from the London Stock Exchange