Not for me thanks but for those of you who like out and out tech shares, this one might be just up your street.........................

Shrewd Tip: get set for Amino Technologies
Published: 14:15 Tue 31 Aug 2004

By Patrick Sherwen, Deputy & Secret Buying Editor

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Recently-floated Amino Technologies operates in the infant market of broadband TV services but the attention of three top-rated investors backs up its managements confident outlook.

Amino (AMO) floated on AIM on 9 June this year at 120p after seven years in business. It has risen to 182.5p since and on 27 July reported a maiden taxable interim profit of 510,000, up from a loss of 1.6 million last time, on turnover of 7.4 million up from 146,000.


Aminos most important product is a small, slimline set-top box (STB) that allows services such as on-demand and interactive TV, to be supplied down a broadband phone line. This is known as IPTV. The company hopes to sell it directly to private customers and for commercial use, such as in the hotel industry. The infrastructure in the UK is not yet able to support IPTV to any great extent so Amino conducts 63% of its business in the US, Asia and Africa and much of the rest in Europe. It has just signed a key contract to supply 20,000 STBs to the Utah state TV network. Management says it is in a leading position to exploit growth in the UK when the market finds its feet.


Several shrewd investors have backed this company but AAA-rated fund manager Giles Hargreave was buying shares right up into this week. He started in June and now his top-performing Marlborough Special Situations fund controls 300,000 shares or 0.59% of the 87.5 million company.


New Stars equally highly rated Patrick Evershed holds 1.7 million shares for his Select Opportunities fund. He last bought in late July. Thirdly Framlingtons highly respected Brian Watson holds 281,000 shares in the Innovative Growth investment trust.


Based on earnings per share of 2.4p in its latest interims Amino is valued at 76 times earnings. This is pretty high but looks fair if the company can fulfil its promise. Speculative investors may want to take a punt as the company appears to be on the right road. Others should wait and see.ENDS.

cheers GF.

Audio interview with Donald McGarva, CEO of Amino Technologies plc ("Amino" or the "Company"; stock code: AMO), the Cambridge-based leader in digital entertainment solutions for IPTV, OTT and in-home multimedia distribution, announces audited results for the year ended 30 November 2012 which demonstrate strong growth in profitability and cash.

Click the link below to listen;
http://www.brrmedia.co.uk/event/109408/donald-mcgarva-chief-executive-officer

From IC - Aim-traded Amino Technologies

(AMO: 83p), is now exhibiting all the right characteristics for a share price breakout, having traded in a narrow range between 73p and 85p since early February. This four-month period of consolidation followed a strong up-move in the previous three months. In my view, a breakout from this trading range could be imminent. That's because, in five weeks' time, we can expect a bumper set of interim results from the Cambridge-based set-top box designer of digital entertainment systems for IPTV, home multimedia and products that deliver content over the open internet such as video on demand. Clients include Vodafone in Iceland and Tele2 in Holland.

The investment case is certainly strong enough to support a rerating. Broker Northland Capital is forecasting that Amino's revenues will rise from £41.7m to £43.5m for the 12 months to end-November 2013 to drive pre-tax profits up from £2.9m to £3.3m. On this basis, EPS increases from 5.4p to 6.2p. Analysts at N+1 Singer have similar forecasts and the board has confirmed that the business is trading bang in line with these estimates.

But what investors have yet to cotton on to is that Amino had a very poor first half in 2012, so comparatives will be very soft when it reports half-year results on Monday 15 July. In fact, the company only made £200,000 operating profit in the six months to May 2012 as the business was in the early stages of a turnaround process after a new management team had taken over. Since then, there has been a focus on higher-margin business, cutting costs and targeting new business in eastern Europe, the former Soviet Union and Latin America.

Investors have also yet to factor in the implications on profits of an improving margin performance: gross margins rose from 35.3 per cent in the first half of the previous financial year to 48 per cent in the second half. What this margin improvement means is that the second-half weighting of Amino's profits will be far less pronounced this year. In other words, the £200,000 profit figure from the first half in 2012 is going to be well and truly smashed in five weeks' time and that's before you factor in the profit growth embedded in the above broker forecasts.



Modest rating

The investment case gets even better because Amino has just announced that it will book an exceptional gain of £1.7m from rebates on duties paid on previously recognised international product sales. These gains will not only boost the reported half-year profit figures, but mean that the company is now sitting on a hefty cash pile of £18.2m, or 33p a share, sharply up from £13.9m last year. To put that into perspective, Amino only has a market value of £46m, so almost 40 per cent of the share price is backed by cash. It also means that, once you strip out net cash from the share price, Amino is being rated on a very modest 8.1 times earnings estimates for the 12 months to end-November 2013.

Moreover, I don't think investors have fully factored in the upside to the dividend either and the fact that a maiden interim dividend will be declared in a few weeks' time. Having raised the well-covered payout by 50 per cent to 3p a share last year, analysts are expecting a further hike to 3.5p this financial year and 4p next. On this basis, the shares offer an attractive prospective yield of 4.1 per cent, rising to 4.7 per cent in 2014. However, with cash generation strong (operating cash flow was £6m last financial year), the cost base reduced and Amino making inroads into new markets to boost profits, future payouts could be even larger. In fact, the board confirms that "annual dividend growth will be no less than 15 per cent for each of the next two years".



Target prices

Interestingly, Amino's share price has attempted three times to breach the 85p level since mid-February. In my view, it will be fourth time lucky. The company will be reporting a good news story and a surge in profits in five weeks' time and on any basis the valuation is modest. In fact, based on a £1.5m rise in revenues in the financial year to November 2014, N+1 Singer predicts pre-tax profits will hit £3.6m - reflecting further margin gains - to produce EPS of 6.9p. On this basis, net of cash the shares are trading on only 7.3 times next year's earnings estimates. Ahead of the results next month, and a likely chart breakout, I rate Amino shares a buy now on a bid-offer spread of 80p to 83p. My fair value target price is 100p, which could prove conservative.

Amino Technologies PLC / 12 June 2013

Amino and Intracom Telecom awarded further contract to provide IPTV entertainment solution to major South Eastern European operator

Amino Communications, leaders in IPTV/OTT, and its digital content delivery solution partner Intracom Telecom have been awarded a new contract for the delivery of IPTV HD set-top boxes to a major South Eastern European operator.

This new order supports the network operator's rapid deployment of IPTV across several countries. The service delivers a mix of live TV, premier sports channels, video-on-demand (VoD) and a rich set of "infotainment" services to end users.

The latest contract award further cements Amino and Intracom Telecom's position as a key partner in the delivery of IPTV solutions to one of the largest and most dynamic operators in the South Eastern European region.

Amino CEO Donald McGarva said: "This new contract underlines the importance of our combined approach with ecosystem partners to support major operators with their deployment plans. We're very pleased to continue building our strong relationship with both Intracom Telecom and the operator in the delivery of great entertainment experiences."

Intracom Telecom's Head of Telco Software Business Division Anastasios Dimopoulos said: "This contract extension further solidifies our joint presence with Amino in SEE region in regards to our IPTV and OTT service platform. Our end-to-end solution enables the operator to provide an attractive IPTV service offering to their subscribers, while tapping new revenue streams and leading the market in Over The
Top content delivery, employing the latest in digital content delivery technologies."
Amino will supply MPEG-2/MPEG-4 IPTV set-top boxes, combining high performance capability with http live streaming (HLS) capability for the delivery of entertainment experiences across both managed and unmanaged networks, all seamlessly and securely managed under Intracom Telecom's digital content delivery platform.

The pay TV service is delivered over Intracom Telecom's Full-Service Content Distribution Network (fs|cdn(TM)) platform, which allows Telcos and broadband service providers to enhance their existing data and/or telephony services with video and offer a complete service package to their customers. In addition to supporting IPTV over managed networks, the platform fully covers the delivery of advanced Over The Top (OTT) video services in a truly multi-screen environment.

Looking for a higher BREAK OUT today. MMs are upping the prices on small size buying

YES the breakout is on progress and moving over 90p

In IC today for a share break out. A bumper set of results due in 5 weeks.
IC have a fair target of 100p.

Buyers are back today ahead of Interim results on Monday

Interim RESULTS

Financial Overview
· Revenue of £20.1m (H1 2012: £20.1m)

· H1 operating profit increased to £2.6m (H1 2012: £0.2m)

- Operating profit before exceptional items up 735% to £1.7m (H1 2012: £0.2m)

- Total operating profit figure includes previously announced duties rebate of £1.7m and restructuring cost of £0.7m

· EBITDA before exceptional items up 83% to £3.3m (H1 2012: £1.8m)

· Gross profit up 30% to £9.3m (H1 2012: £7.1m) and gross margin improvement of 10.8 percentage points to 46.2% (H1 2012: 35.4%)

· Basic earnings per share excluding exceptional items increased to 3.23p (H1 2012: 0.34p)

· Increase of 32% in net cash balance to £18.2m (H1 2012: £13.9m) driven by continued margin focus, tight cost control and strong working capital management

· Interim dividend of 1p per share - with commitment to the progressive full year dividend policy announced at the end of 2011.

Business highlights:
• Focused "win back" campaigns secure North American market growth

• Lower specification product secures important contract wins in emerging markets

• Positioned strongly and gaining traction in "pure OTT" market

· Live home media centre progressing to plan with general availability towards the end of the year

• Shortened lead times via lean supply chain help secure customer wins

• Research and development teamwork benefits from single site focus

• Margin enhancement as all customers migrate to current product range

Commenting on the results Keith Todd CBE, Non-Executive Chairman said:

"This solid set of results underlines the progress Amino is making against its goal of profitable growth and improvements in shareholder returns. During the period, we have enhanced our competitiveness in our markets through a clear and compelling proposition - quality robust products, operational performance and rapid delivery to meet demanding customer expectations. Our ability to flex our portfolio is demonstrated by new contract wins from target customers in both emerging and established markets.

"In line with our previously announced progressive dividend policy, the Board is pleased to announce that an interim dividend of 1p per share in respect of 2013 will be payable in September 2013. The Company is well placed to continue its growth strategy and the Board remains confident that results for the full year will be in line with current market expectations."

A buy in this weeks IC - Amino set to soar.


Still trade on nine times 2013's forecast earnings. That's too cheap given the company's strong cash generation, attractive dividend yield and impressive growth prospects.

Since the results

Northland Capital Reiterates Buy; increases target price to 110p

http://www.privatepunter.co.uk/Companies/20-july-2013-amino-interim-results

Simon T from IC today -


Amino Technologies PLC (AMO:LS)


(AMO: 94p), the Cambridge-based set-top box designer of digital entertainment systems for IPTV, home multimedia and products. It also vindicates my decision to buy at 83p ahead of the figures (‘Set up for a buying opportunity’, 10 June 2013). Moreover, with the shares breaking out to the upside my 100p target price could yet prove conservative.

In the six-month trading period, Amino’s operating profit before exceptional items soared eight-fold to £1.7m to drive underlying earnings per share tenfold to 3.23p. Net cash improved markedly to £18.2m, up from £13.9m, driven by an ongoing focus on margins, tight cost control and strong working capital management. That cash pile equates to 35p a share. Moreover, having raised the well-covered payout by 50 per cent to 3p a share last year, the board kept to their promise that "annual dividend growth will be no less than 15 per cent for each of the next two years" by paying an interim dividend of 1p per share. Analysts are expecting a further hike in the payout to 3.5p for the full-year, rising to 4p next year. The company can certainly afford it as analysts at Northland Capital are pencilling in EPS of 6.3p for the full-year to end November, rising to 7p in 2014.

Trading on less than 10 times earnings estimates net of cash, and offering a prospective yield of over 4 per cent, I would run profits.

Dispite buying every day ( though not large ) the share got stucked at 92.50p for a few day now

floated on AIM in 2004 @120p must be a "back to the future" share.

A buy in this weeks SM - Commitment to dividend growth already promises 3.9% end of Nov 13 Yield, based on finnCaps 3.5p per share payout forecast. A 4p distribution next year implies a 4.4% Yield. Adjusting for cash, A price/earnings (PE) multiple of 9 for this year falls to 8 next , based on FinnCap's 6.1p and 6.9p respective earnings per share (EPS)estimates. At 120, Amino would trade on a cash -adjusted 2014b PE of 12.5 and EV/EBITDA multiple of 6.7, while it would still yield over 3.3% and all of those look good value given the growth prospects.

Some movement up on the bid side, as buying has been the morn for the last few days

a delayed of 26K buy at 10:12am, showing it 3 hours later ( that is over 5 times the market size 5k ) and not much happening.

On the IC web page today, Simon T - One of my favourite investment techniques is to screen for companies that have been trading in a narrow range after a sharp upward move. It can take weeks, or even months, for this consolidation period to play itself out, which is why I create watchlists of shares where the valuation is favourable for further gains in the future, but where there is no need to rush in to buy until a catalyst emerges to force a chart breakout.

Timing is everything and the trick is to buy in just before the next phase of the up-move begins especially since the longer a share trades in a narrow range, the greater the strength of the eventual breakout. This is why I anticipate newsflow in order to identify likely catalysts for a rerating.

A good example of this is Aim-traded Amino Technologies

(AMO: 100p) which I identified as a candidate for a chart break-out when the price was 83p (‘Set up for a buying opportunity’, 10 June 2013). I didn’t have long to wait as the share price has taken off after a bumper set of interim results from the Cambridge-based set-top box designer of digital entertainment systems for IPTV, home multimedia and products that deliver content over the open internet such as video on demand.


Amino has the ammunition

Trading at the half year stage was bang in line with analyst estimates and broker Northland Capital is maintaining its forecast that Amino's revenues will rise from £41.7m to £43.5m for the 12 months to end-November 2013 to drive pre-tax profits up from £2.9m to £3.3m. On this basis, EPS increases from 5.4p to 6.2p. Analysts at N+1 Singer have similar forecasts.

So having rallied 20 per cent to my target price, on the face of it the shares look fairly rated on 16 times current year earnings forecasts. However, the company is now sitting on a hefty cash pile of £18.2m, or 33p a share, sharply up from £13.9m last year. This reflects strong cash generation and one-off rebates on duties paid on previously recognised international product sales. To put that into perspective, Amino only has a market value of £55m, so a third of the share price is backed by cash. It also means that, once you strip out net cash from the share price, Amino is being rated on a very modest 11 times earnings estimates for the 12 months to end-November 2013.


Decent dividend yield

Moreover, investors are clearly attracted by the upside to the dividend after a maiden interim dividend of 1p was declared and is payable on 20 September (ex-dividend: 4 September). Having raised the well-covered payout by 50 per cent to 3p a share last year, analysts are expecting a further hike to 3.5p this financial year and 4p next. On this basis, the shares offer an attractive prospective yield of 3.5 per cent, rising to 4 per cent in 2014.

However, with cash generation strong (operating cash flow was over £6m last financial year and rose 90 per cent to £3.8m in the first half of the current financial year), the cost base reduced and Amino making inroads into new markets to boost profits, future payouts could be even larger. In fact, the board confirms that "annual dividend growth will be no less than 15 per cent for each of the next two years".


Upgraded target price

Having had time to assess the company’s results, I have decided to upgrade my fair value estimate from 100p to 115p. That's because based on a £1.5m rise in revenues in the financial year to November 2014, N+1 Singer predicts pre-tax profits will hit £3.6m - reflecting further margin gains - to produce EPS of 6.9p. On this basis, net of cash the shares are now trading on only 10 times next year's earnings estimates net of cash. That still looks good value to me and a rating nearer 11.5 times November 2014 earnings estimates is far more appropriate. Trading on a bid offer spread of 99p to 101p, I continue to rate Amino shares a buy.

Simon T of IC in this weeks issue has a fair value of 115p upped from 100p.

Amino launches Amino TV app store

RNS


RNS Number : 9487N

Amino Technologies PLC

13 September 2013






Amino Technologies plc

("Amino" or "the Company")



AMINO LAUNCHES AMINO TV APP STORE FOR THE LIVE HOME MEDIA CENTRE AT IBC 2013

NEW APP OFFERING FOR PAY-TV OPERATORS POWERED BY OPERA

Amino Communications, leaders in IPTV, is to partner with web company Opera Software in the delivery of the new Amino TV App Store for its Live Home Media Centre - powered by Opera Software's Opera TV Store application platform, and providing hundreds of free apps in a simple to integrate new service layer for pay-TV operators.

Showcasing at IBC 2013, the Amino TV App Store offers great "lean-back" content accessible by a standard TV remote, including Vimeo, Dailymotion channels and a wide range of gaming, entertainment and infotainment apps - all pre-certified by Opera for immediate use.

An Amino API enables the app store to be easily integrated with a wide range of middleware solutions, delivering a seamless user experience when moving between middleware and apps. Operators can also customise the app store experience for their customers - selecting which apps to provide, adding their own apps and creating an app storefront with their own branding.

This is the latest enhancement to the Live Home Media Centre, which has been shortlisted for the Connected World TV awards at IBC. Combining dual-core processing power with multi-screen distribution, the Live device delivers content seamlessly to TVs, smartphones and tablets around the home.

The Opera TV Store HTML5 application platform offers audiences a rich selection of entertaining HTML5-based apps optimized for connected TV, from video apps, music and games to social media, news and utilities. The new breakthrough Opera TV Snap technology, which transforms online video content into ready-to-run TV apps for the Opera TV Store in less than a minute, has also attracted more than 100 app submissions since its market launch in July.

Amino CEO Donald McGarva said: "Operators are constantly looking for ways to enhance their service offerings to attract and retain customers. Our new Amino TV App Store - powered by Opera - delivers a great "lean-back" TV experience with the opportunity to grow and develop great content over time.

"Opera are a long-standing partner of ours and we were very impressed with both the ease of integration and quality of content which we believe will deliver a compelling new entertainment service layer for our customers."

Aneesh Rajaram, Senior Vice-President for TV & Devices, Opera Software, said: "We are excited to see a long-term partner like Amino join us in bringing the Opera TV Store solution to the operator market. This new cooperation means a lower barrier to entry and faster time to market for pay-TV operators seeking to offer a TV application platform with lots of entertaining content for their consumers."



The Opera TV ecosystem offers more than just the Opera TV Store, with the Opera TV web browser and Opera Devices SDK powering the web experience on hundreds of millions of devices for more than 50 customers, including Sony, Samsung, Philips, TiVo, TCL, Sharp, Loewe, Boxee, Freesat+, Vestel and Altech.



Visitors to IBC can see the Amino App Store at Amino's stand - hall 14, booth 120 - in the Connected World area. Opera Software will be in the same hall at booth 111. To arrange a commercial or media meeting with Opera Software, contact zlauder [at] opera.com.

Sold for 96.03p today, in since 83p