Csr Share Discussion Threads

[ken_uk] 28/5/2014 13:16

hxxp://www.twst.com/update/61569-csr-plc-csr-and-philips-uwand-collaborate-to-deliver-a-complete-next-generation-remote-control-solution

[ken_uk] 27/5/2014 19:20

This article is quite good. This means the light vehicle OEM have to implement the Galileo system now to have it ready and tested by 2018. And CSR is ready, not like the Galileo satellite constellation :-)
This is good because it will increase for a certain time the number of imbedded navigation applications into the light vehicles and then will follow all the vehicles.

[ken_uk] 27/5/2014 16:57

Very good article for once !

[tolga1] 14/5/2014 06:02

Hope we will get over 600 today.

[greensiax] 07/5/2014 14:14

Hi All,Couple of nice big buys just gone through so somebody has faith we will recover.Been quite a ride since December when we were last at these levels. Hope some of you did better than me at paying attention and reading the signals ;-)GLA

[tolga1] 02/5/2014 07:18

I wonder whether the buy back will push the price over 600, that seems a significant resistance at the moment.

[jmf69] 01/5/2014 18:49

Buyback has started with the first 100k shares bought back today. In a crazy way the share price drop means the 50m will go further and buyback more shares.

[bobsidian] 30/4/2014 17:17

Not the easiest set of financial statements to interpret.

Probably typical of an acquisitive business where legacy elements of an acquired business are being wound down and are distorting financial results. Year on year earnings growth currently looks illusory.

Doubtless market forces are taking the share price ex-growth before ascribing an appropriate P/E based on a cleaner and clearer set of reported earnings.

[envirovision] 30/4/2014 13:55

Whats gone wrong here then?

[buywell2] 30/4/2014 12:45

Bad news 500p anybody ?










CSR PLC UNAUDITED RESULTS FOR THE FIRST QUARTER ENDED 28 MARCH 2014

Record gross margin as revenue mix shifts towards higher margin products.

Strong demand builds for Bluetooth Smart.

CSR plc ("CSR" and "the Company") and subsidiaries ("the Group") today reports first quarter results for the 13 weeks to 28 March 2014:


First Quarter Financial Summary Underlying* IFRS
Q1 2014 Q1 2013 Q1 2014 Q1 2013
-------------------------------------- ------- -------- ------- --------
Revenue $180.8m $237.9m $180.8m $237.9m
Core revenue $152.5m $171.8m $152.5m $171.8m
Gross margin 55.7% 51.5% 55.3% 50.6%
Operating profit (loss) $11.5m $19.1m ($3.3m) $7.7m
Profit (loss) for the period $8.7m $12.6m ($4.0m) $1.1m
Diluted earnings (loss) per share $0.05 $0.07 ($0.02) $0.01
Net cash used in operating activities ($1.4m) ($11.5m) ($1.4m) ($11.5m)
Cash, cash equivalents and treasury
deposits $302.1m $318.0m $302.1m $318.0m
-------------------------------------- ------- -------- ------- --------

*Underlying results are based on International Financial Reporting Standards, adjusted for amortisation of intangibles, share based payment charges, integration & restructuring costs, other operating income, the release of a litigation provision, the unwinding of discount on non-underlying items and the recognition of tax losses brought forward. Please refer to the supplementary information for a reconciliation of IFRS to underlying measures.

-- Q1 2014 financial performance:
o Revenue of $180.8m (Q1 2013: $237.9m) down 24% year-on-year as expected, mainly reflecting a 57% decline in Legacy revenue,

o Core revenue of $152.5m (Q1 2013: $171.8m), down 11% year-on-year primarily due to H1 2013 non-recurring Voice & Music revenue in China,

o Record underlying gross margin 55.7% (Q1 2013: 51.5%) and record IFRS gross margin 55.3% (Q1 2013: 50.6%) due to change in revenue mix towards Core,

o Core underlying gross margin of 60.2% (Q1 2013: 57.6%), due to increasing proportion of higher margin products,

o Underlying operating profit of $11.5m (Q1 2013: $19.1m) and IFRS operating loss of $3.3m (Q1 2013: $7.7m operating profit) reflecting decline in Legacy revenue,

o Underlying diluted earnings per ordinary share of $0.05 (Q1 2013: $0.07),

o Ended Q1 2014 with cash, cash equivalents and treasury deposits of $302.1m.