Amino Technologies Share Discussion Threads

[wh1spa] 30/3/2012 11:17

I love AMO. (Spot the tautology?)

[rads] 27/2/2012 15:24

Lots of buys today but being shown by ADVFN as sells!

[varies] 26/2/2012 09:34

hirschnathan
The RNS does indeed seem to have some loose wires. They have done the same thing with OCN and, I dare say, other stocks too.
Our AGM is due on 21 March and it would be very pleasant if the chairman's speech proves this positive.

[hirschnathan] 25/2/2012 23:21

whats going on with the rns?

[wh1spa] 25/2/2012 12:40

Thanks rustle2 for that. This could explain why there were so many trades yesterday. I like the two RNS's released today! (only 6 years out of date)

[rustle2] 25/2/2012 08:42

23 feb 2012

Amino Technologies designs and supplies the technology used in high-performance TV set-top boxes, the magical little boxes whose bells and whistles will enable television network operators to boost their revenues. Aside from storing TV programmes and streaming them via the internet, an Amino box has a multitude of applications, including gaming, gambling, internet browsing and recording. In other words, it can transform a bog-standard TV into a state-of-the-art model.

That may be important in the coming years because in the developed world cash-strapped consumers will be reluctant to splash out on a new telly. TV sales are already set to decline this year, in large part because the big replacement cycle for TVs has already occurred. Households already have a large flat-screen TV in their living room, and are unlikely to replace it for an average of five years. Instead, consumers will spend money on a device, such as an Amino box, that enhances TV viewing, especially via the internet. Multimedia Research Group expects IPTV – internet-based TV – subscriptions to grow by 32 per cent a year until 2013.

So, TV broadcasters – telcos – will be bulk buyers of set-top boxes as they fight to retain customers. This has been evident in the UK, with Virgin Media's TiVo and BSkyB's Sky+ fighting for customers both through aggressive pricing and adding more applications to their set-top boxes. Happily, the effect on Amino may be limited because it simply supplies boxes. The majority of Amino's current customer base consists of a global spread of small- and mid-size telcos, although it is reliant on one large customer – Telecom Italia – which accounts for about 25 per cent of revenues and which has just started supplying Amino's premium multimedia box, Cubovision. Other large operators are currently trialling the hardware.

AMINO TECHNOLOGIES (AMO)
ORD PRICE: 51.5p MARKET VALUE: £28.3m
TOUCH: 50-51.5p 12-MONTH HIGH: 54p LOW: 37p
DIVIDEND YIELD: 4.3% PE RATIO: 10
NET ASSET VALUE: 37p NET CASH: £14m

Year to 30 Nov Revenue (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p)
2008 31.9 2.16 3.77 nil
2009 25.3 -8.73 -15.97 nil
2010 44.0 -0.88 -0.61 nil
2011 51.8 -0.62 -0.39 2.0
2012* 50.9 2.75 4.99 2.2
% change -2 – – +10

Normal market size: 2,000

Matched bargain trading: 4

Beta: 0.4

*Singer Capital Markets forecasts (profits and earnings are not comparable with historic figures)

Indeed, technology giant Intel seems to believe in the potential of Amino's kit. The latest Amino boxes are exclusively based on Intel's latest dual core microprocessors. Backing from Intel could help Amino gain traction in the US, the world's largest entertainment market. That said, sales from the region have already been growing well, having more than doubled to £14.9m in 2010-11. Amino's management also plans to extend this reach to South America later this year, following recent changes to the regulatory landscape, which previously prohibited the group from selling its kit to South American network operators.

Until then, investors can be reassured by Amino's substantial cash pile. Tight working capital management meant cash balances of £14.1m by the end of November, up from £3.6m a year earlier. This allowed management to institute a maiden dividend of 2p in 2010-11 and City analysts expect dividends to rise by 9 to 10 per cent a year at least over the next two years.

[wh1spa] 24/2/2012 10:39

can sell 20,000 at 53.25

[wh1spa] 24/2/2012 10:29

can buy 45,000 at 53.43p

[drw1] 20/2/2012 10:59

Looks to me like an overhang is being/has been cleared.
Should result in share price rise if this proves to be the case.
AMO looks undervalued following recent results.IMO

[wh1spa] 20/2/2012 10:06

more large volume hmmmmm?

[wh1spa] 16/2/2012 19:16

Quite large volume today! I wonder if Black Rock is reducing and someone else is accumulating.

[wh1spa] 13/2/2012 22:00

Just totted up the major shareholders and directors holdings. Only leaves just over 13% in "public hands"!

[essentialinvestor] 13/2/2012 18:14

Yup you are, your looking at the gross.

The pre tax is a Loss of 626k.
The market cap is explained by the cash holdings.

The operating profit of 1.6M may be a fairer assessment as it excludes
impairment and restructuring charges.

Net the cash off the market cap and you are paying about £18 Million
for a company making that operating profit.

Have not seen any detailed 2012/13 estimates.

[diggulden] 13/2/2012 18:09

Am I missing something here? Announced profit seems to be half of mCap? Surely ADVFN have the incorrect mCap figure listed?? Only 30M?

[essentialinvestor] 13/2/2012 14:26

hirsch,

you clearly know the company very well,
could you provide a UK example of how the companies product is used.

So if I have Virgin through cable, is there a need for their product?,
or if I have SKY through a sat dish, where would their product come in?.

It does not matter if they do not provide services to either of these
companies, it might help people to understand exactly where their product
fits in


TIA.

[hirschnathan] 13/2/2012 13:35

nice to see that finally thigs are taking shape, its been a long investment but paying off

[drw1] 13/2/2012 09:10

Results better than forecast,positive outlook,meaningful dividend-just give the brokers chance to upgrade-the stock will rise.IMO

[wh1spa] 13/2/2012 08:23

Not being ungrateful for the 6% rise but would have thought it would have climbed higher! Be interesting to see how the day unfolds.......

[wh1spa] 13/2/2012 07:20

I think a rerating is now called for! Well done AMO!

[drw1] 13/2/2012 07:11

Hard not to imagine a very positive response from todays results.

[welsheagle] 02/2/2012 21:48

Northman Capital reiterated their 'Buy' recommendation last week with a target price of 65p.

[picasso2] 27/1/2012 17:15

Results due on 13th February. Can expect price to rise significantly, in my opinion. Stock in short supply.

[welsheagle] 14/1/2012 14:07

From November's 'Company Refs', when price was 40.5p:-
a/ Prospective PE ratio of 9.14 (based on four broker forecasts, recommending 'buy', one 'corporate buy', one 'hold', and on with no recommendation).
b/ Buybacks at 42p.
c/ Forecast growth in eps of 62.8 %.
d/ Price to research ratio of 4.39.
e/ Net cash per share of 6.2p, now 25.6p.
f/ Price to sales ratio of 0.52.
g/ Turnover up from £25.4m to £44m in last five years.
h/ Net asset value per share of 37.7p.

and one of Techinvest's new year nap tips


Looks undervalued

[grahame2] 09/1/2012 20:07

Then 2 posts in 1 day, apart from last year this share always seems to go up in Jan/Feb lets hope it follows the same pattern.