Amino Technologies Share Discussion Threads

[speedsgh] 24/2/2015 09:49

Confirmation of receipt of the recently flagged duties rebate worth c£700k -

This is in addition to the £700k + £950k received in 2013 -

[hastings] 14/2/2015 10:51

Release from earlier this week.

[grabers] 13/2/2015 14:56

Hope that 21k was a buy ....

[hyperboreus] 13/2/2015 13:28

Mid Price now 140P :-)

[grabers] 09/2/2015 13:35

52 week high. Delighted to see this break out at last

[grabers] 07/2/2015 06:13

Solid performance in Friday. For those with patience I still believe this can reach 150.

[speedsgh] 03/2/2015 08:55

This article was posted yesterday on the website of one of advfn's competitors...

Amino Technologies offers value and fat dividend

Amino Technologies (AMO) has turned a corner. Right-sizing its product portfolio has meant a struggle for profit growth in recent years, but the brains behind internet-enabled TV (IPTV) set-top boxes will return to top line growth this year, and feel the full benefit of heavy investment in new products.

In fact, the company actually grew sales in the second half, which meant revenue edged up to £36.2 million in the year to November. And after upgrading expectations in December, underlying pre-tax profit jumped by 23% to a record £4.2 million. Strong cash generation also left Amino with year-end net cash of £20.8 million, up 6% and worth 40p per share. That bankrolled both a £1.4 million share buyback and far bigger than expected 45% increase in the full-year dividend to 5p.

North America and Eastern Europe did well, although Western Europe struggled amid a technology hiatus. Expect more of the same in 2015, chief executive Donald McGarva told Interactive Investor, although signs of improvement are evident on the continent.

New products will feature this year, too. Consumers want functionality and performance, and we'll be hearing a lot about so-called HEVC (high-efficiency video coding) this year. It dramatically improves bandwith efficiency, giving HD quality at much lower speeds, and is slated for release in the second half of 2015. It also means there'll be greater demand for 4K Ultra High Definition later this year and through 2016.

"We believe our products are better quality and more stable than rivals," says McGarva. "In a technology shoot-out, we generally win."

And McGarva's confidence has a clear benefit to shareholders. As well as the huge increase in the dividend, Amino has already pledged to raise the payout by at least 10% for the next two years. "We could not suggest a better statement of confidence," says Andrew Darley, an analyst at finnCap.

And Amino's valuation multiples suggests the potential is not fully appreciated in the City. At 125p, the shares yield over 4% and trade on just 10.9x earnings estimates for 2015 if you strip out forecast net cash. It falls to single digits for next year.

[speedsgh] 03/2/2015 08:49

Amino divi boost shows confidence in 2015 sales -

Software group Amino Technologies’ (AMO) dividend hike reiterates management’s confidence in future sales.

FinnCap analyst Andrew Darley increased his target price from 150p to 165p but did not place a recommendation on the shares as the company is a corporate client. The shares edged 1.1% lower to 125.6p yesterday.

‘Amino has reported prelims to November 2014 in line with unchanged expectations – upgraded twice during the year,’ he said. ‘Management confidence is typified by the boost to the dividend, 25% ahead of expectations, with an ongoing commitment to dividend growth of no less than 10%.

‘The broader product set, confidence in the reinvigorated sales engine, and strong second half performance confirm the return to forecast sales growth in full-year 2015 and full-year 2016 from an increase in both unit sales and the average sales price.’

[buffetteer] 02/2/2015 10:22

Earnings are static and they need to grow 10% + for the share price to increase from here .Lets hope they do because it it a good business making 20%+ return on cap.

[speedsgh] 02/2/2015 09:44

Afaics that is a highly positive update. Return to growth as new products start to be taken up by markets, so AMO are at the start of the revenue growth curve.

In addition a 57% hike in the final dividend to 3.85p (2013: 2.45p) to give a full yr dividend of 5.00p (2013: 3.45p), an increase of 45%. That far exceeds previous forecasts for both 2014 (4.00p) + the current FY (4.40p). Forecasts will have to be revised upwards.

Not a lot to not like afaics. As usual a completely irrational response by the market providing the patient investor with a wonderful opportunity to buy/add before Simon Thompson (IC) starts beating his drum about Amino again. Aimho.

Well done to Donald + the team.

[rogash] 02/2/2015 09:02

correct me if i am wrong but £700000 refund equates to about 1.4 increase in eps.

[cockerhoop] 02/2/2015 08:42

Slightly subdued reaction to EPS slightly ahead of expectations, £700,000 tax windfall and a 45% dividend hike imo.

Not forgetting the positive outlook.

[masurenguy] 02/2/2015 07:49

Positive results with pre-exceptional profit up 23%, net cash up 6% and dividend up 45%.

FINAL RESULTS FOR THE YEAR ENDED 30 NOVEMBER 2014

-Strong performance with increased full year profit and return to revenue growth in the second half-

Amino Technologies plc ("Amino" or the "Company"; stock code: AMO), the Cambridge-based leader in digital entertainment solutions for IPTV, OTT and in-home multimedia distribution, announces audited results for the year ended 30 November 2014.

Financial highlights:

- Revenue in line with expectations at £36.2m (2013: £35.9m) with return to growth in the second half

- Gross margin up 1 percentage point to 46.3% (2013: 45.3%)

- EBITDA before exceptional items increased by 11% to £6.7m (2013: £6.0m)

- Profit before exceptional items and tax increased by 23% to £4.2m1 (2013: £3.4m)

- Profit before tax after exceptional items of £4.0m (2013: £4.2m)

- Strong cash generation from operations with period-end net cash up 6% to £20.8m (2013: £19.5m), equivalent to 40.0p per share (2013: 37p per share) after share buyback of £1.4m and dividend of £1.9m paid in the period

- Material increase in the full year dividend to 5.0p, up 45% year on year (2013: 3.45p), with a continuation in the progressive dividend policy for the dividends relating to the two financial periods to November 2016 of growth of no less than 10% per annum

- Positive outlook for the year ahead, with expectation of continued revenue growth as well as further profit growth

Operational highlights:

- Significant expansion of product offering with good traction achieved in key markets

- Strong revenue growth in North America and emerging markets of LATAM and Eastern Europe

- Investment in sales engine and lead generation strengthened

- Continued delivery of efficient supply chain and procurement

(1 Stated before exceptional restructuring costs of £0.2m (2013: £0.8m) and an exceptional duties rebate of £nil (2013: £1.7m)

Commenting on the results, Keith Todd CBE, Non-Executive Chairman, stated: "2014 was an important year for Amino where we have turned the corner and moved into a period where we can anticipate top line growth in addition to profit growth. Our discipline on cost control and gross margin enabled the Company to end the year with a record profit and net cash position. The investments we have made into the new product portfolio will contribute to the anticipated full year revenue growth in 2015. In addition to our actions to drive the Group's financial performance, we have materially increased dividends and continue to review acquisition opportunities in the market. We are pleased to say the outlook for 2015 is positive."

Complete announcement:

[grabers] 01/2/2015 18:33

Looking forward to the results here tomorrow. Wonder if results that meet expectations will have any impact on the SP? Or do we need exceptional results for it to breakout?

[wilk1] 29/1/2015 16:37

All buys today, spread at the time was 120.35 to 121.2. Oldest mistake in the book relying on that. Big example today look at CAZA spread 4.75/5.25 all 4.9,s down as sells but actually buys. The software used is not sophisticated or market maker linked so you need to watch closely.

[speedsgh] 29/1/2015 16:28

Not sure if advfn trades monitor working today. I have no trades showing since 10:48. Mind you none showing since first thing this morning on ISDX either so not quite sure what's up. The move up in price is welcome nonetheless.

minnican - going by wilk1's earlier post #1354 the 8000 at 121.20p was a buy.

cfro - good to see you here.

[cfro] 29/1/2015 16:13

Good day today and edging closer to a breakout.

I bought a few more too today.

[minnican] 29/1/2015 15:32

Just a quick question wilk1..... this morning's volume chart shows a sell for 8000 but no buys til this afternoon.... are these charts fibbing?

[curlly] 29/1/2015 14:51

are people in the know for monday

[wilk1] 29/1/2015 13:39

Go baby go bought another 8000 this a.m

[speedsgh] 27/1/2015 15:49

AMO share price has been put back to sleep recently after a hectic autumn. Hopefully wake up in time for results next Mon.

[speedsgh] 19/1/2015 21:44

Simon Thompson update on IC website today - "Run your profits". Finncap TP 150p.

[wilk1] 15/1/2015 12:43

Wouldn't be surprised to see a further buyback on any weakness too.