Amino makes its monies overseas Recent research… Amino Technologies (AMO): Corp Trading update & board changes; contract win Amino has confirmed performance to year-end November in line with management expectations, with net cash of $1.4m implying strong free cash flow of $8.5m ($9.3mE) after a strong 4Q. AminoTV is now fully integrated into 24i, the July acquisition of the complementary provider of apps for delivery of the modern TV experience to accelerate the group’s growth strategy – with a further example of the potential illustrated by today’s joint Amino/24i announcement with Youfone (a Dutch MVNO) for delivery of an end-to-end OTT video solution to refresh and expand its TV and OTT offering. Joachim Bergman, joint CEO of 24i, has joined the board, while Steve McKay and Michael Clegg have stood down as NEDs, resulting in a six-strong, balanced exec/non exec board. Target 215p reiterated, and we look forward to final results in February.
Amino makes its monies overseas AMO Amino Technologies…starting to rev up again. Up over 4% as I post. Well on its way to a new leg up. The longer term chart shows just how far this one could rise in quick time. If you look at the drop in 2018 210p to 120p and a GAP TO FILL, shows that overhead supply of stock will be minimal(sells) and that underlying demand (buys) for stock will close up to the gap and through it. Pretty quickly imo.
Amino makes its monies overseas According to the Morningstar report, AMO makes all its monies overseas with over half in the USA (55%) and a third in the EU (33%). It seems to me that this would be a good time to top up with the $ & € strong. Moreover, with the integration of 24i adding further capability and geographical reach I can only see an upside to the SP. Does anyone have a different view? GLA
Another Million Gone And yesterday - another million @190p - either he needs funds or he has no confidence going forward. I am going to stick with Simon Thompson's view and hold on.
Re: Anzini buys 1 million shares. The RNS actually relates to a sale by Bennett / Anzini.[Apologies for late response - holidays!]
Anzini buys 1 million shares. RNS today reports initlal purchase by Anzini, of which MIchael Bennett an Amino Non Exec is a Director.See Anzini's strategy. Perhaps we will see them increasing their position over time.[link]
Re: RNS today nothing missing that I can see. Techinvest has it in his buys in January 2016 and mid year 2016; January 2017 and again now in his mid year recs I hold and the comment from the results that strikes me is " growing traction from cable to IP"-which they will benefit from using the Enable product-now sold into Chile
Re: RNS today Is there something we're missing? The market has been marking it down recently yet the apparently good report seems to have gone like a damp squib? Is it a misleading one?
RNS today excellent update and the future looks bright!
Re: Sudden Drop Yes it was - back to normal now
Re: Sudden Drop Fat finger I hope. Perhaps the "one" missing from 197 on the record of a trad
Sudden Drop Any thoughts on the big drop today?
Any thoughts on 2017 prospects.. ... for Amino?
Re: good cash gen, inline interims Nice contract win... "Amino has announced that it has secured a software licencing contract to provide its Enable TV device software to PCCW Media in Hong Kong. This follows on from the recent Cincinnati Bell software win and highlights the improving revenue profile and increased scope of offering the group can now offer. We make no changes to our forecasts..."Update from Singers on Researchtree
good cash gen, inline interims "In the six months to May 2016, revenues grew from £17.9m to £33m with the help of acquisitions made in the previous six-month period. Those acquisitions changed the product mix, which reduced gross margin. Underlying pre-tax profit improved from £3m to £4.2m. Net cash is £3.1m and this is set to continue to grow even though the interim dividend was increased to 1.39p a share. R&D investment continues but the big investment has been made."Update from Northland Capital on Research Tree