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.

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

sp has been drifting of late, however year end 30th November and IMS likely early December. first half was pretty good so maybe we can expect some interesting annual results.

sp down 7% after uninspiring RNS however dividend increased 15% and anticipated year end balance sheet cash of £19m with market cap of £51m means they have become vulnerable to a bid, unless of course they are planning to expand through acquisition.

RNS Miton Group formerly MAM increase shareholding from 12.86% to 14.86%.

Amino Technologies yesterday announced unaudited consolidated results for the 6 month period ended 31 May 2015 and made mention of a conditional offer of the entire share capital of Entone Inc.

The acquisition is expected to be significantly earnings enhancing in first full year of ownership.

Read more at http://www.investorschampion.com/blog/

StockMarketWire.com
FEB 2017
Amino Technologies' revenues rose by 80% to £75.2m in the year to the end of November with adjusted earnings before interest, tax, depreciation and amortisation also up 80% at £13.5m.

Gross profits rose by 74% to £32.3m but margins fell to 42.9% from 44.8%.

Adjusted pre-tax profits were uo 96% at £10.2m and the dividend of 6.05p per share is up 10%.

On a statutory basis, EBITDA rose 77% to £8.3m and pre-tax profits of £2.9m were up from £0.3m last time.

Non-executive chairman Keith Todd said: "This has been a very good year for Amino.

"As a result of our increased focus on sales execution, a broader product portfolio and the rapid integration of the two businesses acquired in 2015, all financial metrics are ahead of the expectations set at the beginning of the year.

"We now look forward to continuing the positive momentum generated in 2016 and to continue building the Group for further long-term sustainable profitable growth."

finnCap today reaffirms its corporate investment rating on Amino Technologies PLC (LON:AMO) and raised its price target to 220p (from 200p).

N+1 Singer today reaffirms its buy investment rating on Amino Technologies PLC (LON:AMO) and raised its price target to 215p (from 191p)

A near 30% fall in this stock this morning. Buying opportunity ?!

StockMarketWire.com
Amino Technologies warned Monday full-year profits would fall short of expectations owing to 'external macroeconomic headwinds,' and delayed customer orders.

Amino said it expected adjusted profit before tax for 2018 would come in at about $11.5m, citing an intensification of 'external macroeconomic headwinds.'

This had resulted in lower than anticipated orders and higher than expected component price increases in the second half of the year, the company said. The increase in component prices were expected to continue in the near future.

The delay in customer decisions on orders in the second half was attributed to the instability in the economies of certain emerging markets in which the company operated, planned trade tariffs in the US, and the diversity and depth of change in the industry, Amino said.

Amino vowed, however, to maintain its current commitment to increase its dividend by no less than 10% for the full year. The board also intended to maintain the full-year 2018 dividend level in absolute terms for a further two years at least, Amino added.

'The Board remains confident in the strength and strategic direction of the Company and has committed to continue its dividend policy for this financial year and maintain this dividend level for at least two years thereafter. The diversity and depth of change in our industry this year has created difficult trading conditions in the short term, however the Company remains well positioned to take advantage of the all IP future, and remains profitable and cash generative,' said Keith Todd CBE, Non-Executive Chairman.