kam - 11 Dec 2002 10:33

IT solutions group Anite saw its half-year pre-tax profits dive into the red after it booked a hefty ?39m goodwill write-off. Pre-tax losses for the six month to October totalled ?43.4m against a profit of ?1.96 last time.

Before exceptionals its profits slumped to ?8.9m against ?14.3m on turnover up 20% to ?111.5m. The company blamed increased R&D and restructuring costs for the fall in profits.

Basic earnings per share for the six months to October were 2.1p against 3.9p last time, in part reflecting 14.7% increase in shares in issue.

The ?39.1m goodwill write-off has led to basic and diluted losses per share of 14.0p

The group assured investors that it is `operating comfortably? within its banking facilities. Anite remains confident that for the year as a whole, the group will perform in line with expectations.

Anite said order intake has been `strong? during the six months, totalling ?114m with IT contracts from the public sector up 47%. The prospect for potential new contracts is `excellent?

Commenting on the results John Hawkins, Chief Executive, said Anite?s strategy of focusing on building strong market positions in chosen sectors means that the Group, following the actions taken to renegotiate the earnout obligations, reduce costs
will be `well placed to recover strongly in 2003/4.|

In early morning trade Anite was up 1.25p to 23.25p, valuing the group at ?86.5m.

nickdr99 - 08 Jun 2005 16:54 - 2 of 6

good move today, now near 3 year high. something happening?
nickdr99 - 08 Jun 2005 16:57 - 3 of 6

anybody hold this?
cynic - 01 Jan 2008 11:42 - 4 of 6

time to revive this little stinker! ..... the company never seems to have got its act together, though certain elements of the company, noticeable travel software, perform consistently well ..... the telecom side is horrid ...... certainly thngs seem to be afoot here though it is still uncertain as to exactly what will happen .... may be worth a flutter on the basis that some sort of t/o or break up seems on the cards and sp has bounced neatly off 50 dma


cynic - 28 Sep 2010 15:46 - 5 of 6

certainly not the most exciting of stocks but perhaps worth tucking some away ..... there have certainly been stories of late that the telecom division is firing on all cylinders and i suspect their travel software biz is likewise prospering - i think it's (one of) the largest in its field
cynic - 10 Jan 2011 13:44 - 6 of 6

very boring this consistent little riser!

Anite forecasts strong growth.

Following a strong close to the final month of the year, Anite now expects Group adjusted operating profit to be around 10% ahead of current market consensus, on revenues that are well ahead.

This outturn will show strong growth compared to a relatively weak trading picture last year.

A lot of good news here of late and very much on track for more gains in the coming months imo.

final results to be published wednesday ..... i'ld be quite surprised if they are not even stronger than indicated back in May

like the man said ....

* Full-year revenue up 19% to 93.7M
* Profit before tax up 62% to 16.0M
* Proposed final dividend up 13% to 0.735P
* Made an encouraging start to new financial year; good growth prospects for 2012 led by wireless division

fwiw .... Canaccord recommends buy Anite, target price raised from 80p to 87p.

Anite profits surge as telcos look to 4G



{ Katherine Rushton, 20:20, Thursday 1 December 2011

Rapid development of fourth-generation mobile technology helped Anite (LSE: AIE.L - news) 's first-half profits to jump 69pc but Britain is lagging behind in the industry, its chief executive said.

The UK-headquartered company, which tests telecoms equipment, posted pre-tax profits of 11m, as turnover rose by a third to 56.2m. Nearly half of its income from testing handsets related to so-called 4G or LTE devices, as operators laid the groundwork for the roll out of 4G spectrum and a surge in demand for smartphones.

Christopher Humphrey, chief executive, said: "Handset and chip manufacturers [want to be] primed for roll out. Most testing revenues are coming from the US and Asia. Pretty much nothing is happening in the UK. There are pockets or research and development but roll-out is not going to happen for two to three years."

Anite also saw a 22pc increase in demand for testing 2G and 3G handsets, as device manufacturers sought to ensure their 4G phones will be compatible with older technology.

Gareth Evans, an analyst at Canaccord Genuity, said: "Most operators have not even begun 4G network roll-outs. There is clearly a significant untapped market

and silly me does not currently hold!

Year End Trading Update.

Final Results

Financial highlights (adjusted) 1

· Order intake up 30% to £152.0m (2011: £116.6m)
· Closing order book up 35% to £114.5m (2011: £84.9m)
· Revenue up 31% to £122.5m (2011: £93.7m)
· EBITDA up 54% to £34.2m (2011: £22.2m)
· Operating profit up 64% to £28.8m (2011: £17.6m)
· Operating margin of 24% (2011: 19%)
· Profit before tax up 75% to £28.0m (2011: £16.0m)
· Diluted earnings per share up 76% to 6.7p (2011: 3.8p)
· Net cash of £16.9m (April 2011: £27.7m) after £21.6m swap liability settled in the year

Statutory results

· Revenue from continuing operations up 31% to £122.5m (2011: £93.7m)
· Profit for the year of £18.5m (2011: £9.4m)
· Basic earnings per share up 97% to 6.5p (2011: 3.3p)
· Diluted earnings per share up 94% to 6.0p (2011: 3.1p)

Dividend
· Proposed final dividend up 53% to 1.125p (2011: 0.735p) - total 1.50p (2011: 1.05p)

Operating highlights1

· Wireless revenue as a whole contributed 84% of Group revenue (2011: 79%)
- record R&D investment up 32% to £17.0m (2011: £12.9m)
Handset Testing:
- strong growth for 2G/3G, up 29%, and LTE, up 102%, on the previous year: LTE now represents 44% of Handset Testing's revenue (2011: 34%);
- revenue up 54% to £76.4m (2011: £49.6m) and operating profit up 115% to £21.5m (2011: £10.0m);
- order intake up 33% to £79.4m (2011: £59.6m); closing order book £24.9m (2011: £21.7m)
Network Testing:
- Invex products gaining traction: benchmarking product launched at end of H1;
- revenue up 8% to £26.0m (2011: £24.1m) and operating profit down 17% to £5.3m (2011: £6.4m);
- order intake up 13% to £26.0m (2011: £23.0m)
· Travel:
- signed multi-year contract with Thomas Cook Group to implement @com in UK and Ireland;
- revenue £20.1m (2011: £20.0m) and operating profit up 10% to £4.6m (2011: £4.2m);
- closing order book £89.6m (2011: £63.2m), book-to-bill ratio 2.3 (2011: 1.7)

1Adjusted results are for continuing operations before share-based payments, amortisation of acquired intangible assets, restructuring costs, other gains and losses and recycled hedge losses.

wanted to share this audio interview with you that I found whilst doing some research on Anite Plc.

Its well worth a click:

http://www.brrmedia.co.uk/event/99059/christopher-humphrey-chief-executive

well fwiw i am in as of today at 127.25

Half Yearly Trading Update

Half Yearly Report

Financial highlights (adjusted) 1:

· Revenue up 9% to £61.2m (2011: £56.2m)
· Operating profit up 21% to £14.3m (2011: £11.8m)
· Operating margin up 2.4% points to 23.4% (2011: 21.0%)
· Profit before tax up 30% to £14.3m (2011: £11.0m)
· Diluted earnings per share up 31% to 3.4p (2011: 2.6p)
· Net cash of £16.8m (October 2011: £12.6m; April 2012: £16.9m)
· Interim dividend up 53% to 0.575p per share (2011: 0.375p per share)

Stock continuing to break new highs on a daily basis.

Beautiful looking long-term chart.

cynic - can you put a chart in the header.

Interim Management Statement

Trading

Overall Group trading in the quarter ended 31 January 2013 ("Q3") reflected what is, typically, a relatively quiet seasonal period for the business. This contrasted with an unusually strong Q3 last year which was driven by high demand from Handset Testing customers investing in initial 4G LTE systems at the end of the 2011 budget year. Specifically, in contrast to last year, we have seen a return to the normal position of customers taking time to release budgets at the start of the calendar year.

Group revenue and adjusted1 profit before tax for the nine months to 31 January 2013 were broadly in line with our expectations and ahead of the comparative period last year, despite the adverse currency translation impact which affected Network Testing in the first half. As discussed at the half year, Group order intake remains behind that of last year, mainly reflecting the lumpiness of orders in Travel, which received some significant orders in the first half of the prior year. Trading since the end of Q3 has continued these trends.

The Handset Testing business continues to see growth in demand for both conformance and inter-operability testing products. The Propsim business, that was acquired on 31 January 2013, has performed well in its first month of ownership and integration is underway and progressing well.

Trading in Network Testing and Travel in Q3 was encouraging with both businesses recording revenue and operating profits in the quarter in excess of the comparative period.

Financial position

At 28 February 2013, the Group had net debt of £8.5m (30 April 2012 net cash of £16.9m; 31 October 2012 net cash of £16.8m). This followed the acquisition of Propsim on 31 January which resulted in a net outflow of £25.0m. The acquisition was partially funded by the draw-down of £17.7m of the Group's £20.0m revolving credit facility. In addition, the interim dividend was paid on 15 February 2013 at a total cost of £1.6m.

1 - Adjusted profit before tax is defined as profit for continuing operations before tax, share based payments, amortisation of acquired intangible assets, restructuring costs, other gains and losses and recycled hedge losses.

Outlook

Overall, the Board remains confident about the out-turn for the year as a whole and anticipates that full year adjusted profit before tax will be in line with market expectations.

Handset Testing will require a good performance in Q4 in line with historical seasonal trends. The business is well positioned to achieve this, with continuing strong underlying industry growth drivers and an increased sales pipeline.

Recent activity levels in Network Testing and Travel support those businesses achieving full year expectations although Travel requires around £1m of licence revenue from new and existing customers before the year end. A significant pipeline of opportunities exists to meet this requirement.

Bought in @139p

Northland Capital Buy 141.25 155.00 167.00 167.00 Reiterates

Investec Hold 141.25 155.00 157.00 157.00 Downgrades

Panmure Gordon Buy 141.25 155.00 170.00 170.00 Retains

Panmure Gordon Hold 128.85 170.00 170.00 Retains

Rumours of a predator having a look.