Andor Technology Share Discussion Threads

[tole] 02/8/2006 15:52

and



looks oversold at this level imo.

[tole] 18/7/2006 17:56

Andor Technology (Buy, Closing Price ?0.87)

Read-through from Spectris's trading statement.
Analyst: Philip O'Sullivan
Yesterday saw Spectris announce that underlying revenues for the first 6 months of the year would be up 8% on the same period in 2005, with growth recorded across all of its business sectors. Operating margins will also be firmer than those seen in H1 2005. In discussions with management yesterday we gleaned a number of points of interest to Andor Technology - Spectris reported encouraging growth in the spectroscopy market, in Asian markets in particular (where Andor recorded 19% of its sales in H1), while in terms of individual industries, it said that demand was growing in Life Sciences and Semiconductors (where Andor have a presence). These positive market conditions augur well for Andor, who we see achieving revenues of ?19.2m (+23% yoy) and EBITDA of ?2.0m (+45%) this year.

[tole] 04/6/2006 12:01

Andor Technology (Buy, Current Price £1.01)
Under the microscope.
Analyst: Philip O'Sullivan

This morning we are releasing a detailed note on Andor Technology. The company has made solid progress since its establishment in 1989. Its CAGR in sales is 35% over the past 8 years, while it has been profitable over the same period. Its recent interims showed the company is maintaining this momentum, with sales ahead by 23% yoy while retained profits climbed 66% to £0.5m. While this increase in profits was flattered by the disruption linked to its move to a new manufacturing facility in 2005, we feel that the company is well placed to make further progress in the years ahead. Our expectation of adjusted EPS growth of c.25% in FY07 and FY08 is based on new product launches, new sales offices, a strong management team and its impressive track record to date. Added to this, Andor has signalled that it will be playing a role in the ongoing consolidation of the industry, which will create new opportunities going forward. Due to the positive outlook for Andor, we feel that the share price can grow by at least the rate of growth in adjusted EPS in 2007 and 2008, and as a result are upgrading our recommendation to Buy with a share price target of £1.30.

[tole] 04/6/2006 11:57

Nice spot - full article below. ;)




Sharewatch: Profits put the focus on Andor
Edited by Joe Brennan

THE physicists at Queen's University Belfast who founded Andor Technology could scarcely believe their eyes when the stock soared 40% on its first day of trading in December 2004.
Since then, however, shares in the maker of the world's most sensitive digital cameras have been something of a disappointment.

It didn't help that the company issued a profit warning last August due to costs related to its new facility in Belfast.

Andor sells its sophisticated cameras in the fields of drug discovery, medical diagnosis, defence, food-quality testing, space and surveillance.

Recently, the group unveiled operating profits of £654,000 (€952,923) for the six months to the end of March, up 124% on the same period last year, as sales increased by 23% to £9.2m.

Goodbody Stockbrokers upgraded its rating on the stock to "buy", saying: "We foresee 162% growth in earnings per share over the next three years; the shares are trading at a price-to-earnings discount to the peer group; and there are realistic prospects of earnings upgrades going forward."

With the broker's price target of £1.30 on the stock implying some 30% upside from its closing price on Friday, it might only be a matter of time before investors zoom in on this one.

[fig1] 04/6/2006 11:30

decent write-up in the sunday times today.

[tole] 10/5/2006 19:56

Forecasts from joint broker Bridgewell envisage pre-tax profits increasing to £1.8m for the year to September, increasing to £2.2m in 2007. EPS is expected to rise also, with predictions of 5.6 and 6.2p respectively over the coming years, placing the 102.5p shares on forward p/e's of 18.3 and 16.5. Not budget stuff, but we believe the shares are worth holding for further growth.

[tole] 09/5/2006 12:25

Andor Technology (Add, Closing Price £0.98)
Reports strong set of H1 results.
Analyst: Philip O'Sullivan

Andor this morning reported a strong set of interim results, with turnover increasing by 23% yoy to £9.2m, while operating profits rose 127% yoy to £0.65m. This was in line with the guidance given at last month's AGM of top-line growth in excess of 20%. The improvement in operating margins to 7.1% in H1 from 3.9% in the same period last year is a positive, and driven by a combination of scale effects and the benefits of the firm's new purpose built manufacturing facility in Belfast, which has cut the lead time for cameras to just 15 days from the previous 45. During the period Andor launched its first products for the mid-range low light imaging market, the Luca and Shamrock 163, and today said that it was encouraged by the response to these. The increase in turnover was also helped by the launch in January of the firm's first sales catalogue. In terms of the outlook, Andor said that the response to its new products remains strong, and that it expects FY results to be in-line with expectations.

[tole] 13/4/2006 11:11

Cheers liars - have a few there too ;)

Andor (Add, Closing Price £0.95)

Update on trading conditions.
Analyst: Philip O'Sullivan

At their AGM yesterday Andor gave an upbeat assessment of current trading conditions, stating that they anticipate revenues to rise by over 20% in the first half of the year, while margins are also expected to improve. The company said that sales are up across all market segments, while they are also encouraged by the market's response to its product launches during the period. Andor reports its interim results on the 9th of May, and will give an update on how its recent entry into the mid-range low-light imaging market has been progressing. During the last six months the company launched a new direct sales channel with its scientific digital solutions catalogue, which it believes will help generate sales in the mid-range market more cost effectively.

[liarspoker] 13/4/2006 10:52

You have mail btw. :o)

[tole] 13/4/2006 10:51

Lol - no probs liars - I like to scan the FT the same way - you just know they are there somewhere waiting to be discovered :)

[liarspoker] 13/4/2006 10:49

Hi Tole,

No I am not holding these.

Sometimes I go through the AIM section of the FT and find new shares which hopefully will make me a million or two. :o)

I tried to look up this one but there was no thread, hence, I made it up.

[tole] 13/4/2006 10:40

Liars you in these? Anybody got forecast they can post?

[liarspoker] 23/1/2006 14:55

Today's mid price 115.5p. ( 26.01.2006 ).

[liarspoker] 23/1/2006 10:36

Can't find a thread for this, or at least ADVFN says that no thread exists. So here goes;


FINANCIAL HIGHLIGHTS
Record sales of £15.7m, up 35% on 2004 (2004: £11.6m).
Retained profit for the year of £910 000, up 9.4% on 2004 (2004: £832 000).
EBITDA down 12% to £1.30m (2004: £1.46m)
Successful listing on AIM, raising approximately £4.5m through the placing of just over five million shares.

OPERATIONAL HIGHLIGHTS
Launch of significant new product lines, including 'Newton' – the world's first EMCCD spectroscopic camera – and 'Andor Revolution' – a system for the imaging of live cells.
Move to new purpose-built headquarters in Belfast, adopting the latest production methods to deliver consistently higher levels of productivity.
Significant investment in sales and distribution infrastructure across all regions, including the upgrading of our US sales facility.
Successful entry to new geographical markets of South America and the Middle East.


Commenting on the results Andor Chairman, Mr Bryan Keating, said:

"These results bear out the challenging yet sound first steps Andor has made in this, our first full year as a public company, including strategic investment in new facilities, new production practices, new people and new markets. I am delighted to report record sales of £15.7m; an increase of 35% on the previous year.

"We have continued to apply our expertise to new opportunities and develop unique new products to maintain our competitive edge. Our scientific research and instrumentation sectors both delivered double digit growth this year as we forged new strategic partnerships and initiatives to drive sales. We are now poised to expand into new sectors and our existing markets continue to offer further growth. We have also identified significant long-term growth opportunities in the space and security sectors. I am confident that Andor is well positioned to continue its strong growth record in the year ahead."

[yellow_snow] 20/7/2005 12:01

Just noticed this company was listed. We have bought a few of their products and they are absolutely top notch. I think they'll have increasing competition from the states as others developed cameras using the EMCCD technique but they really shine in their cryogenic packaging and ease of use. They are pro-active in getting to conferences and advertising their wares too so all in all from a customer point of view I'd give them very high marks, don't know enough about the company to judge it as an investment at this share price but I might have a look at some point.

[timtom2] 07/7/2005 14:46

Interesting today - volume wise etc.

[c4chic] 28/1/2005 22:20

when can we hope to get any news about this comp?? ie results, trading statement

[c4chic] 28/1/2005 22:20

when can we hope to get any news about this comp??

[cat] 10/12/2004 18:42

looks real interesting

[fig1] 07/12/2004 20:20

i love the look of this company and its 'story' if you like.ready for big expansion in my opinion and definitely worth watching(and even investing in!).regards,fig.

[choppa] 03/12/2004 10:05

New admission. Like the average revenue and EBITA growth over the last few years. Any comments?

RNS Number:9797F
Andor Technology plc
03 December 2004

3 December 2004

Andor Technology PLC
Admission to AIM - First Day of Dealings

Andor Technology PLC ("Andor" or "the Company"), a developer and manufacturer of
high performance digital cameras and their associated products, today announces
its Admission to AIM and the commencement of dealings in its Ordinary Shares.

Highlights:

* The Company has raised approximately #4.5 million (before expenses)
through a placing of 5,015,643 shares at 90 pence per share.
* On admission, the Company has a market capitalisation of approximately #23
million.
* In addition, the Company's existing institutional backers have placed
4,145,865 shares, raising approximately #3.7 million.
* The placing shares have been placed with institutional investors,
including venture capital trusts, by Bridgewell, which will act as nominated
adviser and broker to the Company.
* The net proceeds of the Placing will be used by the Company to accelerate
research and development, to purchase capital equipment that will increase
automation of the company's production process, to develop new sales
channels for Andor and to redeem certain preference shares.

Note: Included in the above statistics are 1,126,754 shares for which
application has been made for admission to trading on AIM on 6 December 2004.

Andor is a Belfast-based firm which operates at the high-value end of the
$38.6bn global digital camera market was set up in 1989 as an incubation
business at Queens University Belfast. In 2001, private equity firm Legal
Development Capital provided significant development capital to help increase
production capacity and assist the firm's entry into new markets. Andor now
employs 145 people and distributes its products to customers in at least 29
countries worldwide.

Andor develops and manufactures a range of high performance digital cameras and
their associated products used for the measurement of light. Today Andor has a
portfolio of over 70 products which are employed in fields as diverse as drug
discovery, toxicology analysis, medical diagnosis, food quality testing and
defence. Thanks to new techniques developed by Andor scientists, Andor cameras
can measure light down to just one photon and can also measure light occurring
in very short time resolutions - within 1 billionth of a second.

The management team at Andor have carved out a long track record of growth and
profitability for the company, reporting a profit before tax in each of the last
6 years of operations. The average annual revenue growth rate during the period
of 1999-2004 is 32.9%, whilst the comparative EBIT growth rate figure is 53%.

Remarking on the Admission, Dr Hugh Cormican, Andor Chief Executive said:

"We are delighted to be joining AIM today and our Admission represents a
critical step in the continued development of our company. This listing will
raise the equity funds necessary for us to accelerate the Company's strategic
aims and will also raise Andor's profile among suppliers and both existing and
potential new customers. We look forward to developing Andor as a listed
company and are pleased to welcome our new shareholders on board."

Commenting on the news, Andor Non-Executive Chairman Dr Bryan Keating said: "We
have an excellent product line at Andor, backed by a strong team and a robust
business model. Today's admission to AIM is a significant step forward for our
company - and a clear reminder of the real innovations taking place in Northern
Ireland's universities and private sector."

[phbatbjco] 04/7/2002 10:54

woops wrong thread

[errol6429] 26/6/2002 10:00

Hornby isnt audited by Anderson is it ? ( LOL )

[serko] 26/6/2002 09:57

I'm not sure, but apparantly worldcom replaced anderson a month ago and the new accountants spotted the discrepancies.