Research Tree provides access to ongoing research coverage, media content and regulatory news on Soitec.
We currently have 26 research reports from 2
Prelims to March 2021 are in line with the April trading update, achieving a third consecutive year of sustainable growth in revenue (6% growth YoY) and adj EBIT (27.5% growth YoY) since management change in 2018. Free cash generation of £3.8m was well ahead of forecasts (£1mE), with y/e net cash of £8m (FY20: £-0.1m) after early conversion of the loan notes otherwise due in December 2021. Typically effective opex control still offered capacity for a marginal increase in R&D (none capitalised) a
Companies: Intercede Group plc
As midsummer’s day looms (where has this year gone?), there is greater optimism, in general, than may have been anticipated a few months ago. A post-pandemic, ‘vaccine-driven’ recovery demonstrated by increased consumer spending as lockdown measures are lifted has been one of the catalysts. The FTSE 100 has been range-bound in the last month 6,900-7,100. We have seen a combination of broadly positive company results across a range of sectors, further examples of M&A activity and a sequence of ne
Companies: AMYT ARBB ARW BAG BEG BONH BWNG CWK DNK EML EPWN FBD FA/ GPH GSF GNC HUW IGC INSE KAPE KP2 MMAG NRR NESF OTMP ROL RUA SEN SUR TON TOU TXP TGL VLS WINK
Today's news & views, plus announcements from ICP, BATS, OXIG, PAG, NCC, OTMP, XPD, PPC
Companies: BATS OTMP XPD
What’s new: full year results confirm OnTheMarket “OTM” delivered revenues and cash in line with guidance and operating profit just ahead. In short:
- 22.3% rise in subscription revenues to £23.0m (guidance: £23.0m);
- 21.7% EBITDA margin, with EBITDA rising to £5.0m;
- Adj profit of £2.4m (guidance: above £2.3m);
- £10.7m cash (guidance £10.7m).
Companies: OnTheMarket Plc
Sopheon’s AGM statement recaps the highlights of what was a very resilient performance in FY 2020. Importantly, the announcement also reports on an encouraging start to FY 2021E in terms of new business, Annualised Recurring Revenue (ARR) and revenue visibility for the year. With the latter metric some $4m ahead of where it was this time last year, we note the support that this implies for our current year estimates – although we leave our numbers unchanged at present given the importance of Q4
Companies: Sopheon plc
tinyBuild delivered solid maiden results and a positive update. Revenue was ahead, EBITDA was in line, cash conversion outperformed and 2021 has started strongly. In addition, tinyBuild strengthened its Board, delivered an accretive acquisition and is seeing “very encouraging signs of traction” in its game pipeline. tinyBuild appears well-positioned to grow revenue 31% and make further earnings accretive acquisitions in 2021.
Companies: tinyBuild Inc.
Amino’s update for the six months ending May 2021 in our view demonstrates that the group continues to trade strongly. The period saw a 19% YoY revenue increase and a 37% improvement in exit run-rate Annual Recurring Revenue (“ARR”). Management commentary on the outlook for the second half is positive, and we leave estimates unchanged following the announcement. With c$27m of financial headroom, the group’s financial position remains strong, and we continue to believe that Amino is strongly plac
Companies: Amino Technologies plc
OnTheMarket’s FY21A results detail a robust financial and operational performance (despite the unprecedented impact of the COVID-19 pandemic), several significant strategic and operational developments and an upbeat outlook assessment. Our updated forecasts anticipate attractive EPS growth, an increasingly cash-rich balance sheet and the introduction of a progressive dividend policy – none of which is, in our view, reflected in a modest forward valuation. House Stock.
Idox has announced the earnings enhancing acquisition of Aligned Assets, a UK based public sector software business which provides solutions to local authorities and others for address databases. Following the disposal of the remaining parts of the Idox Content division earlier this year, Idox is positioned as a software business selling to public-sector and engineering customers. This acquisition immediately augments Idox’s offering to local authorities in line with its growth strategy and adds
Companies: Idox plc
The UK market showed a continued recovery in the first quarter albeit the indices are still well short of their all-time peaks, unlike many of their international peers. The FTSE 100 has risen by 1,186 points (21.4%) since the end of October and the FTSE 250 by 4,304 points (25.0%). The comparable performance since the start of the year is less spectacular- the FTSE 100 has risen by 253 points (3.9%) and the FTSE 250 has risen by 1,070 points (5.0%). The factors behind the sustained rally are fa
Companies: AMYT ARBB CEG BAG BVC BEG BONH BLVN BRSD CML CWK CRPR EYE ECHO FDM FAR FA/ GPH GSF HUW INSE JDG KAPE KP2 MACF MPAC MNZS NESF NBI OTMP OBD PREM QFI RUA SCS SEN SOS SUR TON TOU TXP TGL TCN UEM VLS WYN
Concurrent delivered results ahead of our December 2020 upgraded revenue and PBT forecasts, with record revenues in FY20, up 9% to £21.1m (FY19A: £19.4m). As a supplier to some of the world's most prominent defence companies, Concurrent was designated an essential defence supplier and production, design and development operations substantially continuing throughout the period of COVID-19 interruption. With a strong order book, £11.8m cash and no debt, focussed advanced technology R&D increasing
Companies: Concurrent Technologies Plc
Gaming Realms is a creator and licensor of innovative games for mobile, operating in the UK, US, Italy and Canada. Flagship brand Slingo® is a popular and unique game genre combining elements of slots, bingo and table gameplay. These games are licensed by some of the world’s biggest online gaming operators, including DraftKings, Sky Betting & Gaming and GVC, and distributed directly to operators or via global partners such as Scientific Games using the company's proprietary Remote Game Server pl
Companies: Gaming Realms PLC
We highlighted last month the (first) Santa Rally arrived early (unlike some other festive gifts). The second Claus(e) relief rally was prompted by the agreement between the European Commission and the UK on its future cooperation with the EU. Markets also reacted positively to the $900bn stimulus package agreed in the US. While the FTSE 100 and FTSE 250 indices rose by 1.6% and 1.7% respectively on the first trading day after the holiday and the FTSE 100 has recovered 28% from its low point in
Companies: AMYT ARBB CEG BVC BEG BWNG CGI CLG CML EYE ECHO EPWN ESC FA/ GDWN GSF GNC HUW INSE KAPE KP2 NRR NBI NUC OTMP PPC QFI RQIH RUA SAVE SEN SNX TOU TXP TGL UPGS APGEF
Demand for digital content including apps, games and streaming media is rapidly expanding. Bango provides two key products - online payments and data monetisation - which benefit from this rising consumer spend on digital content, and from merchants wanting to increase their share of this spend through targeted advertising. The value of online payments Bango processes has been doubling every year. Data monetisation revenues are surging, and are expected to be the biggest driver of future growth.
Companies: Bango plc
Brave Bison is a new-era media and marketing group that specialises in social media, with offices in London and Singapore. The Group has recently completed a restructuring, strengthened its Board and materially reduced operating costs. The new strategy, combined with strong long-term market dynamics, presents compelling growth opportunities for the Group. We initiate with a Buy recommendation.
Companies: Brave Bison Group Plc