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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Quadnetics Grp | QDG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 290.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 290.50 | 290.50 |
| Top Posts |
|---|
Posted at 01/5/2012 09:21 by m.t.glass When chief executive John Shepherd joined security services specialist Quadnetics back in 2008 he inherited seven disparate businesses. He has since knocked the operations into shape, stripping £2 million from overheads and shifting the focus towards higher-margin markets.Now employing over 450 people, the AIM-listed company is spread across three continents. It has a particular focus on control room surveillance, spanning urban surveillance, offshore adverse areas (oil, gas, chemical and mining), casinos, transport, retail and prisons. Recent results confirm that Quadnetics is in rude health, as it hoisted sales 13 per cent to £69.1 million, but more impressively boosted pre-tax profits 79 per cent to £2.5 million. It has net cash of £1.3 million, as well as a bulging order book up 19 per cent to a record £32.5 million. The largest business is in integration and managed services, which provides design through to the management of large-scale systems. Though the lowest-margin operation, it has landed £4.4 million of new retail work as well as significant new contracts with police custody and local authority clients. The London Olympics is also providing plenty of new business to Quadnetics. In network systems it enjoyed a record 2011, fuelled by huge demand in the US market for casino security. A specialist in critical infrastructure protection, it is also winning work in the Middle East and Asia. The Mobile arm has just landed a £2.5 million deal over five years to provide CCTV support on over 600 London buses. Last year it suffered from unrest in the Middle East, where it lost two contracts, but expect an upward shift in its fortunes in 2012. Key to the shift in profitability has been a conscious effort to sell more of its own intellectual property. In addition, it is on the lookout for acquisitions. Last year it picked up Germany-based Indanet, which is a provider of surveillance systems to the transport market. Serving the Berlin, Frankfurt and Munich public transport authorities, as well as Deutsche Bahn, the business is already profitable but has to deliver impressive returns in order to receive the maximum 10 million consideration. Quadnetics is soon to change its name to Synectics, as this is the brand better known by its customers. In addition to expanding its margins, management are keen to boost market share, in what remains a highly fragmented industry. Speaking to Growth Company Investor, Shepherd said, 'There is plenty of scope to expand, but we will not overpay so any deals will be extremely selective.' With a growing element of recurring revenue being added to the mix, house broker Westhouse argues that the target price for the shares should be 350p. As security becomes ever more prevalent, so too should the requirement for its services. At current levels, shares in Quadnetics are attractive. Buy. Miles Nolan (GCI) 30/4/2012 |
Posted at 23/7/2009 14:16 by investinggarden Hold recommendation from Growth Company Investor |
Posted at 20/4/2008 16:27 by cockneyrebel I notice they said this in the interims:"The major operating factor contributing to this first half financial performance was the previously reported slowdown in finalisation of orders and delivery schedules from central government customers in the UK and Middle East. It is encouraging to note that such timing issues have now noticeably abated, with important new orders received in both these areas. In total, the division's firm order book at 30 November was approximately 50% higher than at the corresponding point last year, underpinning expectations for the remainder of the year. Margins for the past year and previous seem to have been 5 % points or so higher than in the interims. I think margins in H2 are likely to be a lot higher and these gov contracts now coming through. The forecasts look like they would get met or beaten on that basis imo. I've looked back at the director dealing in the past too - they seem to time their trading very well so I suspect those recent director buys are a good indicator. Has the leaving of the director Orme been a significant factor here? The co's goodbye to him as less than convincing that they'd miss him from how I read it. Directors bough 2 months before the year end too - a trading statement coming up at year end I suspect. CR |
Posted at 11/2/2007 15:45 by kombimatec Investors Chronicle tipped them on Friday |
Posted at 15/12/2006 11:21 by greek islander QUADNETICS TIPPED TODAY should boost the spBuy Quadnetics at 307.5p A tip from Techinvest Newsletter Quadnetics designs, installs and maintains advanced security surveillance networks and is the largest independent integrated security systems provider in the UK and also operates in the Republic of Ireland, and Middle East. Its products are the industry standard for large scale CCTV systems in the UK and are rapidly gaining acceptance in the huge US market. As analogue technology platforms are replaced by new digital and IP applications, new ways of connecting and managing security and surveillance systems are emerging. Advances in wireless technology are expanding the possibilities by reducing transmission costs and extending coverage dramatically. This is creating some exciting opportunities for innovative product developers such as Quadnetics. Over the last two years Quadnetics shares have been as high as 385p. Some minor trading glitches saw them fall back to around the 200p mark and stay there for most of this year. The latest full year results in September, however, breathed new life into the shares which are now up to the 300p level again and look like they will push higher still. Quadnetics' strategy is two pronged: maximise the growth opportunities of digital CCTV control systems and recording technology; and become one of the UK's leading electronic security services companies by building on its market leading positions in key sectors. Plans to expand the business are based in part on a major sales drive in the North American market. The market for large-scale digital CCTV systems in the US is evolving rapidly and is potentially very large. Quadnetics plans to focus on two sectors where it has experience and technical advantage: casinos and public space surveillance. It already has successful CCTV reference sites in some of the largest casinos in North America. Sponsored by IG Index IG Index offers competitive spreads on an exceptional range of UK and international shares, indices, commodities, FX and more. Take advantage of easy-to-use online dealing, flexible margining, and Controlled Risk betting.* Recent acquisitions should enable the Company to substantially accomplish the second objective. In February 2004 it acquired Look CCTV, a leading supplier of CCTV systems on buses. This was closely followed by the purchase of Coex, a global supplier of CCTV products for the oil/gas and marine industries. In May 2005 it established a sales and service base in North America by acquiring Alphapoint LLC, a specialist provider of digital surveillance technology. Further expansion was achieved in November 2005 after the purchase of Protec, a complementary business that doubled the Group's sales and also brought with it a route into the Middle East market. *This email represents the views of UK-Analyst and are not the views of IG Index. Remember that spread betting is a leveraged product and can result in losses that exceed your initial deposit. It may not be suitable for everyone, so please ensure that you fully understand the risks involved. The value of investments can go down as well as up. Investing in equities can lose you part or all of your capital. Smaller company shares can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares. t1ps.com is authorised and regulated by the FSA and can be contacted at Third Floor, Henry Thomas House, 5-11 Worship St, London EC2A 2BH or on 020 7562 3370. Helped by a seven month contribution from Protec, Quadnetics delivered strong results for the year to 31 May 2006. Consolidated turnover was 49.6 million pounds, compared to 26.8 million pounds the previous year. Profit before tax, exceptional costs and goodwill amortisation was 3.6 million pounds (2005: 2.7 million pounds). Earnings per share were ahead 21% at 24.2p. Net cash at the year end was 8.9 million pounds, equivalent to 55p a share. Since the continuing and acquired businesses have been managed as integrated activities for most of the second half, like-for-like comparisons of performance against the previous year inevitably involve some arbitrary cost allocations. Nevertheless, the broad picture is that the Group's continuing activities produced consolidated turnover growth of around 12%, on which underlying operating profit declined slightly to just under 2.5 million pounds. Quadnetics says that this broadly static profit figure from continuing activities stems primarily from reduced activity levels and margins in the UK town centre security sector, and the additional costs associated with establishing infrastructure to support its growth in North America. On a like-for-like basis, turnover rose by 8% to £18.3m. Underlying operating profit declined to 1.8 million pounds from 2.1 million pounds last time, partly due to investment in longer term contracts that initially carry lower margins. Another factor was temporarily reduced demand in the UK local government sector. However, this area of business improved in the second half with momentum carrying through to the current financial year. The continuing businesses within Protec saw sales grow by 25% to 12.9 million pounds. Underlying profits increased by 15% to 1. 4 million pounds compared to 1.2 million pounds in the previous year. Profit growth would have been higher still had it not been for the start-up costs of operating the new US subsidiary and additional research and development expenditure for the product enhancement required for the US market. Quadnetics says that the investment in North America is now generating the sort of customer response it had hoped for and further substantial orders are expected in the first half of the current year. It has created significant opportunities through the combination of strong positions as a service provider in specific customer sectors, and its leading CCTV security technology aimed at certain key growth markets. Expansion into North American looks to have been well planned and adds a significant kicker to the prospects for growth. Ongoing benefits from the Protec acquisition should also have a further positive impact on results going forward. According to Quadnetics, aggregate order books for the continuing and acquired businesses at the last year end were approximately 30% higher than a year before. For the year to 31 May 2007, house broker Brewin Dolphin Securities is forecasting earnings per share of 28.6p. This puts the shares on a price-earnings ratio for 2007 of just 10.5. Excellent value for a business operating in a well-established niche and with great growth prospects in the US. Buy. Key Data EPIC: QDG Spread : 300 - 315p Techinvest is the one of the few investment newsletters with years of experience in successfully helping investors make money from the tech sector of the London Stockmarket. Every month since 1984 we've been telling subscribers - including institutions, analysts and private investors in more than 50 countries - what to buy, hold and sell in this exciting sector. Each January, Techinvest lists its top tips for the coming year, six of which are nominated as Nap Tips for the year. Past performance is no indication of future success but over the past fifteen years the Nap Tips have shown a gain of 47.6%. For a complimentary issue of Techinvest and special discount subscription offer for UK Analyst readers, click HERE. |
Posted at 01/11/2006 12:03 by the analyst They are trading at a big discount to their peers, so it could just be value investors buying into a good company that appears undervalued. |
Posted at 21/9/2006 17:38 by the analyst New Broker Note from Brewin Dolphin19 September 2006 - Preliminary Results Highlights for the year ended 31 May 2006 - Successful acquisition of Protec plc, creating leading independent CCTV security services provider in the UK - Consolidation of enlarged Quadnetics Group into two focused electronic security business unit with significant scale - Investment in launch of new US subsidiary for local support of Synectics security systems technology - Strengthened senior management team and group infrastructure to support growth - Turnover £49.6 million (2004/5: £26.8 million), with 7 months contribution from Protec - Profit before tax, exceptional costs and goodwill amortisation up 36% to £3.6 million; underlying earnings per share up 21% to 24.2p (again benefiting from a reduced tax rate) - Net cash £8.9 million - Order books up 30% at year end - Proposed final dividend 3.5p per share, making 5.0p for the full year (up 25%) - Overall, a very satisfactory year, which has positioned the Group for further growth in a large and attractive market Updated Website 18th September 2006: Investor Relations Broker notes |
Posted at 19/9/2006 10:28 by the analyst Someone was keen to buy today. The only thing letting the side down at the moment is the big spread and lack of liquidity. Hopefully that will change too, as poeple cotton on to the prospects of the company. The new investors area on their website is very good. |
Posted at 21/4/2006 10:21 by moogee Good news re new contract. This share needs to attract the attention of investors. Once momentum builds, investors will be jumping on for this as well as sound and unvalued fundermentals. |
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