Broadcasters and telecoms providers have scrambled to update their television offerings as consumers clamour to watch online videos and TV shows across multiple devices, while Netflix and other entrants threaten to steal their lunch. Several turned to Amino Technologies (AMO) in the reported period, driving the online TV specialist's cash profit - excluding one-off acquisition costs, which depressed statutory earnings - up a tenth to £7.4m.
Poor sales execution forced Amino to issue a profit warning in October. Its directors tackled the problem by rejigging the group's sales teams and appointing new management. But the biggest coup was its takeover of Entone and Booxmedia. The former helps telcos to offer 'hybrid TV' - both broadcast and online television. The latter provides cloud-based video content on smartphones, tablets and other devices.
Those deals helped Amino land a contract with Belgian broadcaster RTL to implement catch-up video, live-streaming and subscription services and - after the period ended - sign US telco Cincinnati Bell. And cost savings from the integration of Entone are set to exceed management's target of £1m for the year to November 2016.
Broker finnCap expects EPS of 9.4p this financial year, compared with 7.3p in FY2015.
| AMINO TECHNOLOGIES (AMO) | ||||
|---|---|---|---|---|
| ORD PRICE: | 114p | MARKET VALUE: | £80m | |
| TOUCH: | 112-116p | 12-MONTH HIGH: | 170p | LOW: 103p |
| DIVIDEND YIELD: | 4.8% | PE RATIO: | na | |
| NET ASSET VALUE: | 64p* | NET CASH: | £2.1m | |
| Year to 30 Nov | Turnover (£m) | Pre-tax profit (£m) | Earnings per share (p) | Dividend per share (p) |
|---|---|---|---|---|
| 2011 | 51.8 | -0.6 | -0.4 | 2.00 |
| 2012 | 41.7 | 2.9 | 5.5 | 3.00 |
| 2013 | 35.9 | 4.2 | 7.9 | 3.45 |
| 2014 | 36.2 | 4.0 | 7.7 | 5.00 |
| 2015 | 41.7 | 0.3 | 0.6 | 5.50 |
| % change | +15 | -92 | -92 | +10 |
Ex-div: 7 Apr Payment: 29 Apr *Includes intangible assets of £46.3m, or 66p a share | ||||
