Vislink PLC Web Site : http://www.vislink.co.uk

Vislink Web Site : http://www.vislink.com
Link Resource Web Site : http://www.linkres.co.uk
MRC Web Site : http://www.mrcbroadcast.com
Hernis Web Site : http://www.hernis.com

Press Releases : http://www.vislink.com/press/index.php

Email alert service : http://www.vislink.co.uk/AnnounceMailFree/index.php

Read all about the exciting 2Ghz relocation ;

http://www.mrcbroadcast.com/2GHz/index.html

Results are here. SP down slightly on profit-taking, but FWIW only 0.32% of the shares in issue have been shifted so far today, so there has not been much of a rush in either direction, as it would appear.

Here is the results summary:

Vislink plc

Interim results for the six months ended 30 June 2006

Vislink plc ('The Group'), a leading supplier of microwave radio and satellite
transmission products for the broadcast and security markets and of CCTV systems
for the marine security market has today announced its interim results for the
six months to 30 June 2006.

Financial summary
---------------------------- -------- -----------
For the six months ended 30 June 2006 2005
'000 '000
---------------------------- -------- -----------
Revenue 50,764 35,753
Operating profit 6,234 2,527
Adjusted* operating profit 6,910 3,046
Profit before taxation 6,076 2,092
Earnings per share - basic 2.73p 1.07p
Adjusted* earnings per share - basic 3.08p 1.33p
---------------------------- -------- -----------

A very good set of results, the buyers will be back later in the this week or next, once the profit takers have moved on.

And here a breakdown of earnings per share:


CONSOLIDATED GROUP INCOME STATEMENT
for the six months ended 30 June 2006

Six months Six months Year ended
to 30 June to 30 June 31 December
2006 2005 2005
(Unaudited) (Unaudited) (Audited)

Earnings per share expressed
in pence per share:
From continuing operations
- basic 6 2.73p 1.07p 2.66p
From continuing operations
- diluted 6 2.68p 1.06p 2.62p


Taking the diluted earnings as datum, and doing a swift calculation, that gives EPS for the last twelve reported months (i.e. H2 2005 plus H1 2006) of 4.24p. At current SP of 77p that gives a PE of 18.16

It's worth noting also that EPS for H1 2006 is greater than that for the whole of 2005.

If we can assume that in FY 2006 5p EPS is reached, then the forward PE to year end is only 15.4, which seems to me to be undemanding for a company whose earnings are basically doubling.

However, there has been an almost uninterrupted 200% rise (i.e. three times original price) in the SP over the space of approx 2 years, so it is unsurprising that one or two are choosing to bank their profits now.

I'd be interested to see what opinions will be offered up by the analysts over the coming days, as I would expect this still to be rated a buy.

all IMO, PDYOR, contradictory views welcome.

I agree your sentiment in post 179, PP.

FWIW, just found this forthcoming EPS estimate on FT.com:

Earnings (pence per share)
Year Ending Dec-06 5.80
Year Ending Dec-07 5.80


Naturally one hopes they may be revising that 2007 estimate upwards. 2006 looks good!

Looking very good :)

Yep - I'm in profit on the deal I did the other day (by the narrowest of margins!) and we have a new all-time high for the SP! (if you ignore that alleged purchase yesterday of 10,000 at 117p, which I cannot take seriously)

Posted on ADVFN:



"eddyamber - 31 Aug'06 - 13:58 - 1182 of 1209


Nice piece in this morning's Daily Mail

BUOYANT Vislink boss lan Scott-Gall flies to Amsterdam next week to bang the drum at the International Broadcast Convention. He should pick up more industry sales for the broadcast, security and marine CCTV group's equipment. First-half profits soared 190pc to a record 6.1m on sales 42pc up at 50.8m. Investec forecasts 12.7m for the full year and says buy. Shares eased 1'/2p to 76'/2p due to profit-taking.

Seems to be getting better! "

Just received today :


Link won two "Best In Show" awards last week at BIRTV, the biggest Chinese broadcast trade exhibition.

The years show was particularly buoyant in the build-up to the Beijing 2008 Olympics and the awards for LinkHD and Cellular Diversity are for cutting edge products that indicate the future development of radio and TV technology.


For further information please visit Link's website at http://www.linkres.co.uk

Regards
Vislink plc

A nice little flourish before the weekend, too: VLK Bid: 82p Offer: 83p Change: 3

I like the way this one moves :o)

Just received :



IBC, the biggest European broadcast trade show hosted annually in Amsterdam, concluded last week with orders taken on the Vislink stand and the successful launch of several innovative new products.

Advent introduced its dual-purpose "Advent FlyDrive" satellite terminal designed to meet customer needs for flexibility, ease of use and rapid deployment in the news gathering market, and the 5000 series electronics developed in partnership with Link provides subsystems with enhanced feature sets.

Link launched a 7GHz wireless camera system giving customers another frequency option at congested televised sporting events and a fibre optic interface that allows customers to extend the range of their wireless cameras.

Regards
Vislink plc

Just received today :

CTV, the largest outside broadcast company in the UK, used nine LinkHD wireless camera systems for its live coverage of the Ryder Cup that concluded yesterday with victory celebrations for the European team.

The tournament was the largest and most challenging deployment so far of High Definition cameras using wireless links, and the course at the K Club in Straffan (Eire) provided a demanding environment for RF with its unique treelines, foliage and water obstacles.

For further information please visit Link's website at: www.linkres.co.uk

Regards
Vislink plc

The SP seems to be ending the week heading in the right direction. Consolidation over 80p next week?

Yes, it would seem; a nice tick up today:

VLK Bid: 82p Offer: 83p Change: 3


thank goodness for VLK - currently one of my more stable and dependable plays :o)

Seems to be ticking up nicely, but strange that each 5p/10p move on the chart seems to represent a resistance level, so if it can clear & hold above 80p then 85-90p should be the next resistance level.
As you say st, thank goodness for VLK at the moment (Oil & gaming not going to plan).

HC, I'm regarding VLK as a longer-term play (couple of years, anyway), as it is clearly in a growth phase. Am well into oils but avoiding gaming on principle and jolly glad about it!

Long term play, possibly, but can the present rate of growth in the sp be maintained over the next two years?
I might have to lock in profit before that, but happy to hold at present.

Up 1p today, but on chunky turnover of 4.3 million shares, notably 4 x 1,000,000, apparently all purchases, around midday. Looks like somebody's putting together big stakes - maybe for different fund segments managed by the same fund manager??

There were also 4 x 1,000,000 possible buys on Friday.

We may be lucky and get a "significant holdings" RNS.

And, as if by magic:

Vislink PLC - Holding(s) in Company
RNS Number:2162K
Vislink PLC
10 October 2006


SCHEDULE 10

NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

Vislink plc

2. Name of shareholder having a major interest

Goldman Sachs Group Inc.

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

Beneficial

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

Goldman Sachs Securities (Nominees) Ltd 1,000 shares.
Goldman Sachs International, 4,977,198

5. Number of shares / amount of stock acquired

N/A

6. Percentage of issued class

N/A

7. Number of shares / amount of stock disposed

N/A

8. Percentage of issued class

N/A

9. Class of security

2.5 Pence Ordinary Shares

10. Date of transaction

N/A

11. Date company informed

9 October 2006

12. Total holding following this notification

4,978,198

13. Total percentage holding of issued class following this notification

3.6%

14. Any additional information

None

15. Name of contact and telephone number for queries

James Trumper, Company Secretary. Tel: 01488 685500

16. Name and signature of authorised company official responsible for making
this notification

J. R. Trumper

Date of notification

10 October 2006

The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.




This information is provided by RNS
The company news service from the London Stock Exchange

END

Another nice tick-up today, too, taking us motoring nicely up through the 80's . . .


VLK Bid: 85.5p Offer: 86.5p Change: 2.25