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Sprue Aegis Share Discussion Threads
Showing 1526 to 1548 of 1550 messages
|In the last 2 years the trading updates have been as of next week,there hasn't been any "slippage" of the share price like last year so I'm just hoping this years is good news not bad.
|Quietly making good progress here with the shareprice rising by 12.5% over the past 2 weeks !|
|Indeed. Still think Jarden may take another look here.|
the big fella
|I think we are awaiting a trading update - would be nice to return to the days of a December statement saying thy are ahead.|
|All very quiet here. GW also been mysteriously quiet lately. Hmmmm|
the big fella
|Not been a post in a while so I thought I would throw something into the mix. Given the plummet of sterling against the dollar there have been a number of mid tier GBP companies subject to M&A. In the last month 3 of my holdings have had bids. Given the past offer by Jarden, and that Sprue's share price is half of it's peak, favourable exchange rates may tempt Jarden to come back. At what price would you be tempted?|
the big fella
|Yes same here. If you pro rata my holdings and watch list up then 95% of small caps are down >4%|
|Indeed it is but my small caps are all red this morning despite very small FTSE fall. Suspect they will come back over the course of the day if FTSE stays as it is.|
|Surely £ rising vs USd and falling against euro is perfect for us?|
the big fella
|Very positive update !|
|Plus positive France & Germany updates|
LAUNCH OF NEW WI-SAFE CONNECT PRODUCT RANGE
Sprue recently launched its new Wi-Safe Connect product range at Europe's largest safety and security show in Essen, Germany to positive customer feedback. Wi-Safe Connect is an innovative and intelligent, cloud-based alarm notification and network management system which utilises the Intamac source code acquired by the Company in September 2016.|
|Courtesy to let you know that Stockdale have a 250p price target and indicate upside to forecasts as confidence in Sprue's profit recovery increases.
As I previously mentioned, the forecasts have only taken a "conservative" view on Sprue’s likely share of the German market and view the opportunity not dissimilar to the one presented to Sprue in France in 2015.
Interim dividend of 2.5p per share with Stockdale forecasting a maintained 8p div for the year which equates to a 5% yield at the current shareprice, or 3.2% div yield at the 250p target price. Sprue are also forecast to have c. £14m net cash at year end.
In a positive move Stockdale also indicate a rising div payout in 2017 & 2018 to 9p &10p respectively.
|Agree Big Fella....they acquired the area of Intamac required (software / IP) without need for a full acquisition of the company. Looks a shrewd deal to me too.
I've now had the opportunity to speak with the company and encouraged by the positive progress since they were hit with battery & other associated issues. Looking forward to hearing more on their proposition to monetise the Home Connected offering in the near future.
I was encouraged by the growth in UK Trade. Sales +33% in H1 and it now looks like they are gaining significant traction in this large £80m market.
Positive comments on the German order book and as I understand the 2017/18 German retrofitting proposition remains intact.
All in, I'm pleased with recent progress and delighted to have a further nibble of stock thanks to the weakness in the shareprice over recent days.
|Yesterdays acquisition looks a good long term fit for the business. I suspect the fall yesterday was people viewing it a money going out and no direct earnings in return. But surely better and cheaper to buy something that works rather than spend a lot of time and effort developing something from scratch which may not be in your primary area of expertise. In time this could look like a shrewd piece of business.
As for the numbers there was nothing there that we didn't know already, and it is encouraging to see that Germany is picking up.|
the big fella
|RNS Number : 1354K
Sprue Aegis plc
19 September 2016
Sprue is pleased to announce details of the acquisition of source code and development rights to software developed by Intamac Systems Limited ("Intamac") (the "Intamac Software Acquisition").
On 16 September 2016, for a total consideration of up to £2.8m in cash (excluding VAT) payable as to £1.0m initially, together with £0.45m pre-paid licences paid to Intamac converted into consideration, and the balance over the next 12 months on the achievement of certain agreed milestones, Sprue acquired source code* and development rights to software developed by Intamac to enable its customers to connect and monitor Sprue's whole range of wireless products over the internet.
Using its patent pending technology, Sprue has the ability to use the data it collects from Connected Homes products to not only detect fires, but using an advanced algorithm, to be able to identify properties at elevated risk of experiencing a fire in the future. The Board believes that this is a major development for the Company as it significantly extends Sprue's technical capability and provides an opportunity to sell a wide range of internet-enabled products and services as part of its new Connected Home Strategy with the potential of recurring revenues. In addition, based on expressions of customer interest received already, the Board is optimistic of commencing sales of internet-enabled products in Q4 2016. As part of the transaction, Sprue has hired two of Intamac's senior software development engineers to enable it to operate and maintain the software. Sprue has also contracted with Amazon to host its customers' data on a secure server.
Commenting on the acquisition, Graham Whitworth, Executive Chairman said: "The Intamac Software Acquisition is a critical development for the long term sales potential of the Group. Having our own in-house software opens up the prospect of revenue from new markets, new services and the potential of recurring revenues giving Sprue the ability to connect and monitor a vast installed network of its products over the internet.The Intamac Software Acquisition is for up to a total cash consideration of £2.8m (excluding VAT) and will be funded from the Group's cash reserves."
*acquired under a perpetual royalty-free licence|
|Bizarre. I can buy at 162 (just have) and can get a sale price of 162.66! Just toggled between the two and it's still the same|
|Back from hols.
Reassuring update from SPRP while I was away...essentially the outcome for H1 2016 resulted in a £1 million improvement on expectations.
I was also pleased that they are flagging an unchanged 2.5p interim dividend and therefore strong possibility of maintaining an 8p dividend for the full year. Sign of confidence IMHO.
Stockdale have raised their price target from 200p to 250p on the back of this update but maintain 2016 profit figures which I think prudent at this stage given the present macro conditions which change markedly on an almost daily basis at the moment.
The positives are clearly the growth in UK sales & also with Pace Sensors CO detectors, coupled with German certification during the period. I believe that Stockdale have increased sales forecasts from £55m to £58m for 2016 and continue to take a "conservative stance" on potential upside from Germany.
I provided 2016 forecasts a few posts back and will update the header when time permits with slight upgrade in sales forecast for the full year.
|Purely my take on things at the moment:
June trading is a plus, can that be continued for the remainder of the year? Maybe or maybe not….but it certainly leaves room for some uplift in this year’s numbers as they haven’t changed.
I see no reason why next year can’t see a return to 2014 levels of profitability, which puts us on a single digit forward PE.
Euro exchange rate will help. USD exchange rate will not. US election uncertainty might help weaken the USD a bit but who knows.|
the big fella
Sprue (AIM: SPRP), one of Europe's leading home safety products suppliers, today issues a trading update ahead of the release of its unaudited interim results for the six months ended 30 June 2016 ("H1 2016"), which are expected to be announced in late September 2016. All figures set out in this announcement are subject to review by the Group's auditors.
The Board expects sales for H1 2016 to be approximately GBP25.9 million (H1 2015: GBP56.5 million) and to report an operating loss* of GBP0.9 million (H1 2015: GBP9.0m operating profit*). Due to stronger than expected trading in June 2016, the operating loss* for H1 2016 is significantly lower than the Board's expectations as previously announced in the Company's final results on 26 April 2016.
While total sales in H1 2016 were GBP30.6m lower than in H1 2015, sales into France in H1 2016 declined by GBP33.7m compared to H1 2015, which was partially offset by growth in UK sales and at Pace Sensors.
Net cash at 30 June 2016 of GBP14.7 million (2015: GBP28.9 million) was adversely impacted mainly by the H1 2016 operating loss* and the GBP7.0m payment for buffer stock acquired in Q4 2015. Sprue remains debt free (30 June 2015: nil debt).
The Board is pleased to announce that at the time of the announcement of the interim results for the six months ended 30 June 2016, it intends to declare a maintained interim dividend of 2.5 pence per share.
The Company continues to invest in product innovation and technology to expand and improve the Group's product range and enhance its competitive position in each of the markets that it serves.
Subject to there being no further net adverse foreign exchange rate movements, the Board expects Sprue's sales and operating profit for the year ending 31 December 2016 to be approximately GBP58.0 million and GBP1.9 million respectively.
A further update on trading will be provided at the time of the release of the Company's H1 2016 results, which are expected to be announced in late September 2016.
*Operating loss is stated after a GBP0.2m restructuring charge (H1 2015: GBPnil) and before share based payments charge of GBP0.3m (H1 2015: GBP0.2m)|
|Glaws, this is actually a massive potential market.
In the UK, the longer a vulnerable person can be kept in their own home, the bigger the savings for the NHS and social care. I personally know there is a lot of VC activity in an all-in-one monitoring solution that can be installed in a persons home and tell when they have stopped moving etc. The installation cost of such a system could easily be £1000 and this would still save the state a huge amount of money if it means that person stays in their own home just 12 months longer, for example.|
I'm interested in your take on the connected home products. I can see this working very well where there is a a "big" customer who wishes to monitor many alarms. The position in Germany where there is legislation to check alarms annually and sales are in their tens of thousands to housing associations fits this ideally and must be a winner.
However, in others areas that the company has identified , eg the area of monitoring vulnerable people, I don't see who is going to pay for this in volume. I can't see fire brigades or other public sector organisations (in the UK) having the budgets to do it. Those with a vested interest - eg looking after aged relatives - are going to be singletons and expensive to market to and sell - and there is going to be one big backend to finance to monitor alarms.
I'd be interested in your views.|
|Which would mean EPS of in excess of 20p. If they do that there is no way we will be at £1.50|
the big fella