Ashoka India Equity Inve... Share Discussion Threads

[rathlindri] 18/9/2014 12:07

where are the cheerleaders?

Anite down 1.13%

SPT up 2.42%

what does this mean???

[rathlindri] 17/9/2014 11:01

zzzzzzzzzzzzzzzzz

[picobird] 15/9/2014 10:28

Notice Spirent today splashing the cash for a Danish firm re interoperability testing for $20 mill. Are they doing things backwards now? Anite sorted that part of their testing quite some while back in their own offices/ R & D dept.
Anite are holding tight to their £50 mill as that will not be coming along again anytime soon, but am waiting eagerly to find out where they will spend it. Will it be 'made to measure' or 'off the peg' for starters.

Strong first Q1



16/09/2014
BTW Anite Travel have just landed a contract with the 4th largest tour operator in Germany. Bit late now we have sold it !

For anyone who has lost faith in Anite, Panmure Gordon have increased their target price for Spirent from 150p to 153p. That's a 50% increase on today's price! how it has been arrived at would make interesting reading. They are throwing money at problem areas which dilutes the EPS but at the same time they state that the acquisitions will be revenue generating. Anyway they cannot fail to increase revenue with China spending billions on 4g Lte.

[rathlindri] 12/9/2014 16:16

The tide has turned indeed, and what has happened to the "fanciful forecasts".. Not a lot! Share price down 32% over the last 24 months, FACT. Pretty poor isn't it?
This has to turn sometime soon surely

[irenekent] 12/9/2014 15:07

The tide has turned and I see steady improvement ahead combined with careful management of cash. This is not a business for over-blown claims and fanciful forecasts. I'm staying, which is probably not a surprise, as I have invested in various mutations of this company over the last 40 and more years!

[p1nkfish] 12/9/2014 14:32

Noticed that. I thought the IMS was good, realistic and overall positive. Cash is handy, possible someone will come knocking to acquire imho.

[muscletrade] 12/9/2014 13:28

By the way just in case someone missed it, both Canaccord and Northland have both reiterated their BUY ratings today as well, with 106 and 120 targets respectively. Difficult to get upgrades when everyone already on buy and too early to increase target price.

[rathlindri] 12/9/2014 13:14

Another damp squib.

[picobird] 12/9/2014 10:13

You should have been around during the time of the Victoria Contract. For five years the shareholders had to endure whether they should cut their wrists when the trading statements came out.
This current statement tells it all, you just have to fill in the blanks with a bit of research. Definitely B minus pending contract wins.
Good foundations have been laid for the 14/15 trading year. Being a cyclist I was going to say 'it's all downhill from now' but people might get the wrong impression. (LOL),

[werty5] 12/9/2014 10:00

Well I am not sure about them not caring about the share price but I must admit whoever writes the statements is as dull as dishwater the sort of person who cuts his grass with scissors and has a collection of interesting shaped cornflakes.

[mbmiah] 12/9/2014 09:21

I get the benign feeling that the BoD don't give a damn about the share price - does anybody else?Get back to ftse250 atleast.

[salpara111] 12/9/2014 08:21

Just checked in to see if I would re invest given that I took my big loss several months ago.
Answer, no!
PR Pico you will need to work much harder to maintain interest as the share price drifts for the next 3 months !

[werty5] 12/9/2014 08:05

That is the problem with the update, there really is nothing new in it that could not be worked out by counting on your fingers.For example1. We are materially ahead of last year and we expect that to continue. Well that is good except last year Anite made all the progress of a cripple with woodworm in his walking stick.2. We have a strong cash position. Well yes, but to get it a profitable if ill fitting part of the business needed to be sold and unless the BOD decided that it would be a good idea to take the cash and put it on a 30/1 horse at the 3.30 at Newmarket I would expect the cash to still be there.3. Strong sterling currency levels have impacted on our sales. All businesses have been affected by this it is no secret but maybe the one good thing which is coming out of the sweaty socks having their referendum is this is starting to soften if only temporarily.So once again don't think levels will change much in the share price think it will just follow the ebb and flow of the wider market. On the plus side is if you are invested in Anite unless they do something very silly your money should be safe at around these levels and the recovery does seem underway let's see how they fair in the stronger quarters. Personally I may well shut my trade down again because of uncertainty in the market and might look to reinvest towards Anites more promising quarters.

[picobird] 12/9/2014 07:49

Handset testing trends continuing strongly from Asia Pacific as in the 2nd half of last year. With Propsim overheads now not affecting margins ( I think it was a two year write off ) we are back to strong margins. Handset Testing is the real core of the business exceeding Network Testing by about 80 : 30 revenue wise.
So Anite has the benefit of four months initial trading with the guts of the business producing the goods.
The AGM starts at 2pm, not sure if there is an Analyst meeting combined or whether that is earlier in the day, probably pm.

Spirent commented on their H1 figures for 2014 that momentum was expected to build during the rest of the year. Looks like the same for network testing for Anite. There are a huge number of Lte roll outs taking place at the moment so as our CEO has said a great pipeline of opportunities starting to show itself this year with the Anite technology available.

[tradermel] 12/9/2014 07:40

Well I am out of this one from a while ago, so no position influence. However I read that RNS to be quite Bullish and I like it, may even re-spark my interest here.

[muscletrade] 12/9/2014 07:38

Finncap maintain BUY and 100p target this morning.

[muscletrade] 12/9/2014 07:23

would appear at first glance to be fairly benign update but there is some positive stuff there.(albeit already flagged)
"product orders in Handset Testing for the first quarter were materially up on what was a weak comparative period last year"
This momentum has carried through to the second quarter. Also better margins to help improve Ebitda.

Network bit disappointing but the currency effect should already have been well known.

Balance sheet very healthy and forecasts maintained.

[werty5] 12/9/2014 07:06

Still on the path to recovery but sadly not much in the IMS to write home about.

[picobird] 11/9/2014 16:31

Thanks muscletrade.
Problem of course is the cyclical year. Q2 & Q4 are the busiest quarters with Q4 being exceptional. Q1 & Q3 are slower quarters. Overall H2 is much better than H1.
So it could be useful to use 2012 comparatives & miss out 2013 as that year was a blip market- wise.
I think the analysts will pick up on all the pointers & it will be nice to hear what the board has to say.
The thing is, you cannot split the forecast by 4 for each quarter. That has always been the case.
Agreed GLA, not counting chickens but expect some good figures.

[muscletrade] 11/9/2014 16:00

As a reminder for the morning ....back in July ......For FY15, market currently expects Ebitda of GBP34m (range GBP28.6m-GBP39.1m) on sales of GBP127.2m: Bloomberg data.

Since then i think the consensus revenue for 1015 is now closer to £122m

Good luck tomorrow everyone.

[p1nkfish] 11/9/2014 14:49

What did the Romans ever do for us?
Built a bloody long wall in just the right place.

[irenekent] 11/9/2014 14:41

The Romans decided that Northumberland was more than far enough North.

[picobird] 11/9/2014 13:16

Interesting. With all the large companies that are present in Scotland clearly signifying their intent to move south of the border should independence happen, why would any sensible scot vote for a reduction in jobs for a start. Edinburgh would lose it's shine & become even more of a slum area than it is now. On the other hand if Scotland remained in the fold it would continue to grow & prosper.
Hopefully common sense will prevail. It would cost £billions to move our nuclear submarine bases out of Scotland. Newcastle would welcome the chance of taking on one base. The NE has developed an inferiority complex with all the freebies that have been thrown to the Scots. Perhaps Northumberland would become the new Scotland ?

[p1nkfish] 11/9/2014 12:11

It was something to do with a South American adventure if my memory serves me right. Little time for them. Good regiments in the past, inventors and medical. Failure in past 50 yrs and now whingers.