A new thread for Cambridge Silicon Radio, a bluetooth play for 2004.

Cambridge Silicon Radio Holdings Ltd, the Bluetooth technology group that is about to list on the London Stock Exchange, said its offering will be priced at 160-200 pence a share.

The indicative price range corresponds to an offer size of 54-68 mln stg and a market capitalisation for the company of 192-239 mln stg after flotation.

CSR designs and manufactures single-chip radio devices - focusing initially on solutions for the 2.4GHz Bluetooth personal area networking standard. The background and experience of our development team give CSR a unique advantage to help OEMs exploit the new wave of wireless networking, allowing us to offer the most highly integrated single-chip Bluetooth solutions, which are based on commodity CMOS technology with all its inherent advantages.

www.csr.com

===

CSR, which has secured over 70 mln usd of funding from a number of investors including Compaq Corp, Philips Electronics NV, Sony Corp, Intel Corp and 3i Group PLC, was founded in 1998.

The company claims on its Website to be the world's leading provider of Bluetooth, accounting for 60 pct of all Bluetooth end-products.

Bluetooth is a low-cost, short-range radio link between mobile PCs, mobile phones and other devices, enabling users to connect a wide range of devices easily and simply, without the need for cables.

was a holder, but sure am glad i got out a couple of months back

Chart is horrible best wait a while before getting back cynic.

looking much better today...worth a bet.

Have recently taken posession of a Panmure Gordon Blue book, in which CSR is a 'buy' for the following reasons:
Non-handset business is growing strongly with good margins.
Weaker revenues in handsets are temporary market dynamic, not an indication of product proposition, in our view.
Strong cash position, valuation looks attractive.
Target price 620p. (no time scale given).

Has been tipped by many tipsters in the new year.

Poor tip obviously... 620p target.

CSR underlying operating profits fall


CSR's first half underlying operating profits dropped by 31.5% to $24.3m - despite an improvement in the second quarter.

Underlying revenues for the six months to 1 July fell 9.1% to $357.8m and gross profits fell by 4.6% to $177.0m.

Questor share tip: CSR sticks to what it knows best




7:16, Tuesday 13 December 2011

The decision by microchip manufacturer CSR (LSE: CSR.L - news) to save $60m (38.5m) a year by bringing to an end planned digital television investment was welcomed by investors, sending the shares up 9.77pc.

CSR 183.1p +16.3 Questor says HOLD

CSR is to halt investment in its digital television systems-on-a-chip and silicon tuners businesses, which it acquired as part of Zoran (NasdaqGS: ZRAN - news) , the US rival it bought last year. It will instead focus on areas where it is market leader. The move will cost it an extra $10m of restructuring costs by the end of the second quarter next year.

Investors were reassured that the company continued to expect fourth-quarter revenues to be in line with guidance in the range of $230m to $250m.

"We continue to take a disciplined approach to capital allocation and cost control," said Joep van Beurden, CSR's chief executive. "The actions we have announced today will allow us to increase our focus on the areas of the business that offer the best prospects for delivering sustained and profitable growth."

He said investment would be focused on voice and music, automotive "infotainment", cameras, document imaging, gaming and Bluetooth low energy technology. Clearly management have made the call that its share of the markets it is quitting did not merit continued investment, and focusing elsewhere was seen as a wise move by analysts.

"They are doing more than just pruning they are cutting out the dead wood," according to Ian Robertson, an analyst at Seymour Pierce. "They are achieving material cost savings for minimal loss in short, medium and, realistically, long-term revenues."

CSR exists in a highly-competitive, high-tech sector, which requires it to innovate continually or to die.

Last month it unveiled a new chip which for the first time will pinpoint the location of a device to within 10 metres.

By working indoors, the chips will allow people to use their mobiles to track friends within shopping centres, for example, and enable retailers to target customers with offers or adverts as they enter the store.

With investment comes opportunity but also risk.

Questor says hold

On a good run at the moment, taking a slight pause for breath today.

Nice news and markup today. Any views?

A BUY posted up on the weekly candles.

White Bullish candle.

http://www.britishbulls.com/weekly/StockPage.asp?CompanyTicker=CSR&MarketTicker=Technology&Typ=S

CSR tipped today.

Target SP 285p 34.4% upside.

CSR
FTSE 250
Technology
Equalwt/Neutral
285
212
34.4%
Barclays Capital

http://www.marketwatch.com/story/broadcom-qualcomm-csr-and-texas-instruments-are-benefiting-from-8-billion-wireless-connectivity-ic-market-bonanza-says-abi-research-2012-04-17

Looks like CSR launch of Combo is imminent
CSR plc (LSE: CSR.L and Nasdaq: CSRE) will host a site visit for analysts and institutional investors at its Cambridge office between 3pm and 5pm on Thursday 24(th) May 2012.

Senior management will deliver presentations on potential growth platforms for CSR and will provide a series of demonstrations of some of the company's leading technology

CSR

Broker note out this morning....

CSR
FTSE 250
Technology
Overweight
315
198.5
58.7%
JPMorgan

315p target 58.7% upside.

Added some more CSR. Lower indicators point to a good entry point......

Results on 1st May.

Dandu should make you smile.....

27/04/2012

MARKET REPORT:

CSR shares advance amid whispers of a share cash offer
By Geoff Foster

Those were the days. Long-term share-holders of CSR, or Cambridge Silicon Radio as it was once known, will remember that blue sky period in 2006 when shares of the silicon chips supplier were changing hands above £15.
Six years and several profit warnings later, they must now be praying it loses its independence to a cash-rich overseas predator.

Up from a 52-week low of 153.2p on prevailing bid hopes, the shares advanced a further 9.4p or 4.7 per cent to 210.6p amid whispers that a £600m or £3 a share cash offer could soon be on the cards.

Moving up: The Footsie rose 29.83 points to 5,748.72
Japanese electronics giant Samsung, with which CSR already has joint venture agreements, and Texas Instruments of the US, were two names being touted in the market last night.

CSR does not itself make chips. Instead it licenses its patented designs to hardware makers and receives a royalty each time a gadget containing one of its designs is sold.
More...FTSE Close: Blue-chip good news from Shell, Whitbread and Unilever sends shares higher
What next for shares? Predictions from the world's best stock market experts

When Qualcomm swallowed Atheros Comms, which specialised in wireless technology, for £2bn, it left CSR as the only other real pure play connectivity chip provider.

Any bidder would have to get the nod from Schroders, CSR’s largest shareholder with 19.5 per cent.

A sudden bout of nervous selling ahead of Tuesday’s trading update dragged defence company Chemring 22.1p down to a 52-week low of 316.9p.

Bears roared that there has been a delay in a long-awaited sizeable, multiyear contract award for NIITEK, its developer of robot and vehicle-mounted mine-detection systems.

The company has said it would be confirmed by the end of April.

The Footsie moved up 29.83 points to 5,748.72 and the FTSE 250 26.93 to 11,361.38 after Federal Reserve chairman Ben Bernanke said overnight that the Central Bank ‘would not hesitate’ to launch another round of bond purchases to drive borrowing costs lower if it looked as though the US economy was in need of it.
Sentiment was also helped by some impressive corporate trading statements from leading blue chips including Whitbread, 112p up at 1921p, Royal Dutch Shell A, 67.5p better at 2195.5p, and Unilever, 56p dearer at 2135p.

Wall Street traded 34 points higher at the outset on further consideration of Bernanke’s comments and following news that pending US home sales rose 4.1 per cent in March, hitting its highest level in almost two years.

In-line first-quarter trading and revived speculative buying amid vague bid talk lifted speciality chemicals group Elementis 10.3p to 207.8p.

EnQuest improved 1.7p to 123.7p after announcing the acquisition of a third tranche in the Kraken oil discovery, taking its equity interest up to 60 per cent from 45 per cent.

Numis is a fan and has a target price of 184p. ‘There’s a surprise,’ said one sarcastic trader as Borders & Southern, 1.5p dearer at 85.5p, raised £46.5m via a share placing at 84p a pop.
It follows the shenanigans of last week when the shares almost doubled to 130p on hot gossip of an oil find in the Falklands which turned out to be a gas condensate discovery. Roxi Petroleum gushed 13 per cent to 3.25p after the Kazakhstan-focused oil and gas company gave a positive operational update.

Sports marketing and events manager Parallel Media soared 5.5p or 58 per cent higher to 15p after entering into a joint venture to bring Korean Pop (K-pop) concerts to Singapore.
The joint venture is with CJ E&M, a leading Korean media and entertainment company.

Parallel Media has also placed 1.4m shares at 35p a go with Mr Henry Wee, raising £500,000.
Wee, formerly a banker in an international bank in Singapore, has been granted an option to subscribe for a further 1.4m at the same price.
News of an oversubscribed 6.6m share placing at 120p with institutional investors left Highland Gold Mining 3.5p easier at 128p.

Gold Oil spurted 1.52p to 5.8p on a Faraday Research recommendation.

The company recently said that oil majors are showing an interest in its operations in Peru. Mobile gambling company Probability added 1.5p at 75.75p following a fourthquarter trading update.

Analysts are now of the opinion it will make a maiden profit of £1m in the year to end-March 2013 rising to £3.8m the following year.

The switch by punters to gambling with mobiles rather than per cents is helping to grow revenues. Numis has a target price of 150p.

A positive full-year trading update helped Zoo Digital, the film software company, climb 2p to 11.75p.

Toys and games group Character lost 10p to 150p after reporting lower interim profits.

Broker Merchant Securities shaved its target price to 170p from 202p and reduced its current year pre-tax profit forecast to £8.3m from £9m.

Shares of JD Sports were out of fashion at 775p, down 34.5p. Investec remains a buyer with a price target of £9.

Management needs to return Blacks Leisure to a profitable core as quickly as possible, and invest in firm foundations preparing for the internationalisation of its Sports business.

This will require an increase in investment through both capital expenditure and operating costs which will hold back short-term earnings growth and cash generation


Read more: http://www.dailymail.co.uk/money/markets/article-2135806/MARKET-REPORT-CSR-shares-advance-amid-whispers-share-cash-offer.html#ixzz1tCEF

SEE ABOVE POST.

Could turn into a bidding war given
CSR monopoly position and all cash on
books.

Down on the FTSE 250, a late rally saw CSR charge up 9.4p to 210.6p.

The move was accompanied by reheated takeover rumours, with the vague speculation suggesting the chip designer could be a target for US firm Texas Instruments, although City voices were playing down the whispers.

At the same time, Liberum Capital retained its "buy" advice ahead of CSR's first-quarter results next week, whilealso claiming that the group "is in a position to announce further more aggressive buybacks".

http://www.independent.co.uk/news/business/sharewatch/market-report-hopes-the-tough-times-are-over-see-weir-on-the-rise-7682513.html