Shares in Amino Technologies (AMO) leapt 8 per cent after the maker of internet-connected set-top boxes posted a 23 per cent rise in first-half gross profit and agreed to buy rival Entone for $73m (£46.7m).
Amino is cashing in on the desire of pay-TV companies to offer online services. It recently acquired Booxmedia, which specialises in delivering TV content to multiple devices. Meanwhile, Entone enables cable and satellite TV providers to offer both broadcast television and online video. Management believes it will widen Amino's global footprint and generate about £1m in operating profit synergies next financial year.
Broker N+1 Singer expects to make "meaningful" upgrades to its earnings forecasts. It predicts EPS of 8.2p this financial year (FY 2014: 7.9p).
| AMINO TECHNOLOGIES (AMO) | ||||
|---|---|---|---|---|
| ORD PRICE: | 149p | MARKET VALUE: | £81m | |
| TOUCH: | 146-151p | 12-MONTH HIGH: | 149p | LOW: 79p |
| DIVIDEND YIELD: | 3.4% | PE RATIO: | 13 | |
| NET ASSET VALUE: | 53p* | NET CASH: | £17.3m | |
| Half-year to 31 May | Turnover (£m) | Pre-tax profit (£m) | Earnings per share (p) | Dividend per share (p) |
|---|---|---|---|---|
| 2014 | 16.4 | 1.8 | 3.3 | 1.15 |
| 2015 | 17.9 | 3.6 | 6.9 | 1.27 |
| % change | +9 | +101 | +108 | +10 |
Ex-div:03 Sep Payment:17 Sep *Includes intangible assets of £11.2m, or 21p a share | ||||
