Andor Technology Share Discussion Threads

[aa29] 24/11/2009 11:06

Annual Results for the Year ended 30 September 2009

Andor Technology plc (AND.L), the leading developer and manufacturer of high performance digital cameras and solutions for academic, industrial and government applications globally, today announces preliminary results for the year ended 30 September 2009.
Financial Highlights

* Turnover up 34% to £33.1m (2008: £24.7m)
* *Operating profit up 63% to £3.4m (2008: £2.1m)
* *PBT up 67% to £3.5m (2008: £2.1m)
* *EPS up 79.4% to 11.57 pence (2008: 6.45 pence)
* Cash generation up 411% to £5.8m (2008: £1.1m)
* Strong cash position – net funds of £7.9m

* Pre exceptional items
Operational Highlights

* White paper launch of scientific CMOS image sensor technology
* 30% year-on-year growth in opening order book for 2010
* Continued growth in China and investment in sales channel
* Delivering against US$2.1m design contract

Commenting on the results Conor Walsh, Chief Executive, said:

"Andor has charted a path through the uncertainty of the past 12 months and delivered a strong set of results. As we look forward to 2010 we remain cautious about the economic outlook, the exposure we have as a global business to currency volatility, and the ever-increasing competition for business. But we are also optimistic, buoyed by the strength of our brand and our business, the technology we offer and will deliver over the coming year, and most of all the skill and diligence of our staff."

Full text



Another set of excellent results.

[craffert] 28/4/2009 22:52

and not one PI has noticed how good this company has performed...institutions have noticed though, and seem to be stake building slowly. The share price is creeping up every day since results. I got lucky with my timing for once - I bought in on results day at 67p so happy to be invested here for the first time, but for a long time.

[dealit] 21/4/2009 18:57

Yes I agree "craffert" what a set of results only 6% rise, suprising. I am new here bought in on Monday nobody seems to be aware of "AND", they have -gearing and a roce of 14, the change of brokerage hopefully will spread the word.

[craffert] 21/4/2009 10:32

Incredible results....underlying multiple is just 2x

[dealit] 18/4/2009 18:26

Anybody alive for a chat, researching with regard to buying Monday everything looks ok with the Company so why no chat?

[bennie buffett] 08/8/2008 17:54

In Irish press it hinted that there could be a potential counter bid for this from the Murtagh clan of Kingspan wealth and the ex-CEO. Could be a few more pennies in this for shareholders if they hold strong..

[bennie buffett] 01/8/2008 09:08

Anyone know what is going on here?

[timtom2] 26/7/2008 15:59

Irish Broker resigned.

[craffert] 10/7/2008 21:28

what do you mean "if a sale goes through?"

[jamesjazz] 20/6/2008 15:05

Anyone have any of these? I use their products, which are extremely good! The price has been drifting up these last few days, despite no trades being recorded. Is this normal? Will the price just collapse again if a sale goes through?

[intuanua] 05/3/2008 10:00

This share's natural level is 44-50p

If it doesn't continue to grow sales and margis even that valuation could come under pressure.

This needs some corporate action either taken over or a major purchase.

The culture of the opeation is under threat as well with the new management - hard hats time!!

[the old dog] 20/9/2007 14:42

I bought in at 70 and have topped up twice since then. Looking strong at present but my stop loss is in place.

Woof

[bennie buffett] 12/9/2007 17:12

My opinion as well. Dipped my toe in the market yesterday will buy more on further weaknesses.

[jotoha1] 11/9/2007 11:15

Looks like Hugh might be trying to dump some stock!

[oklads] 23/8/2007 11:32

he's not there anymore! Gone and replaced by the plant accountant!

[abl3] 12/6/2007 11:06

The entrepreneur
Hugh Cormican, managing director of Andor Technology, Belfast

Some physicists do not dream of academic achievement. "I went into physics with the idea I wanted to be in business," says Hugh Cormican. "I anticipated that after my PhD I would work for a big multinational, get some experience, and then set up on my own."

However, an opportunity presented itself much sooner, while Cormican was still studying for his PhD at Queen's University, Belfast, in the late 1980s. As a tool for their laser research, he and colleague Donal Denvir used their physics know-how to build a highly sensitive digital camera. They set up Andor Technology to develop it into a commercial product for use in scientific research. "It knocked my PhD project back a wee while," he admits.

Andor is now worth £30 million, and has about 150 staff around the world. Scientists use the company's cameras for photographing everything from faint galaxies to living tissue. For example, one is used to record how proteins work. Biologists add fluorescent chemicals to a sample of tissue, and illuminate them with laser light. Strapped to a microscope, the camera picks up changes in the fluorescence, which can reveal how a protein binds itself to a surface, for instance. A highly sensitive camera is vital because if the illumination is too strong you'll disturb the cell or even kill it.

Cormican manages to balance an understanding of this technical side of Andor with business acumen. "I like to spend time in the lab with my sleeves rolled up, but I also like to get out and meet people. It's not a chore. I still think it's one of the best jobs in the world.

"I do think that physics is a fundamentally good subject for entrepreneurs. Business is something physicists tackle with similar zeal to tackling other problems: you build a model and test it; if it works you go further, otherwise you change the model," he says.

Nor does Cormican think the stereotypical introversion of physicists is a serious barrier to business success. "Physicists have this reputation for geekiness, but things have moved on - the geeks mostly run the world now."

From issue 2594 of New Scientist magazine, 10 March 2007, page 54-55

[abl3] 12/6/2007 10:30

Unprecedented political stability in Northern Ireland will undoubtedly boost this company as the economy in the province stabilises.

Good underlying results and a strong management team - a buy?

Pity the FT have dropped it from the list!

[abl3] 12/6/2007 10:29

Political and Economic Stability comes to Northern Ireland -

A boost for the operating environments of the larger NI companies such as Andor Tech


Company Website:
Promotional Video:

[abl3] 12/6/2007 10:03

Unprecedented political stability in Northern Ireland will undoubtedly boost this company as the economy in the province stabilises.

Good underlying results and a strong management team - a buy?

Pity the FT have dropped it from the list!

[slasher16] 15/3/2007 18:56

Liars want do u think of this one? Goodbodys rates it highly. Also
Gartmore has bought alot?

[tole] 07/12/2006 16:01

Never did heed my own advice and pick some up here - shame as wasnt watching the last few weeks when offline - been going great guns since the update :(