Management at Aim-traded Amino Technologies (AMO), which sells hybrid TV devices and services, highlighted the scale benefits flowing through from a suite of acquisitions completed in 2015. But even excluding their impact, revenues for its November year-end were still up 7 per cent. Revenues at its largest division, devices, were up 70 per cent to £67.1m, while the top line more than tripled at its software and services unit, to £8.1m.
With around 95 per cent of group revenues and sales costs transacted in dollars through the year, reported figures were buoyed by sterling's post-referendum decline. That fed into an already robust cash profile, with operating cash flows equivalent to 149 per cent of cash profits. A series of product launches meant that the gross margin pulled back by 190 basis points.
Canaccord Genuity expects adjusted profits of £10.9m for the November 2017 year-end, leading to EPS of 11.9p (from £10.2m and 11.5p in FY2016).
AMINO TECHNOLOGIES (AMO) | ||||
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ORD PRICE: | 190p | MARKET VALUE: | £136m | |
TOUCH: | 186p-193p | 12-MONTH HIGH: | 192p | LOW: 101p |
DIVIDEND YIELD: | 3.2% | PE RATIO: | 50 | |
NET ASSET VALUE: | 64p* | NET CASH: | £6.2m |
Year to 30 Nov | Turnover (£m) | Pre-tax profit (£m) | Earnings per share (p) | Dividend per share (p) |
---|---|---|---|---|
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 |
2016 | 75.2 | 2.9 | 3.8 | 6.05 |
% change | +80 | +785 | +525 | +10 |
Ex-div: 6 Apr Payment: 28 Apr *Includes intangible assets of £47m, or 66p a share |