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!

Superb little graph here......well done Cynic, Greyhound,...Ptholden..thanks for the tip.....looks like a winner....been in for a month or so.....get this in an Isa lads.....plus a dividend is coming up...lovely....

trust me - honest guv!

yer and if j.p morgan say's it ok i'm in as well.........yer right!!

Another steady rise again today - I understand the naked trader took a position

i wear my clothes at all times in public!

good Q3 numbers ..... market likes and sp recovers sharply to 68 ..... like i said above!

In as well.....stalk...stalk...stalk......

Close for a final break of 70p and march onwards to 100p.

Northern Cap. Partners out with outperform yesterday.

fwiw, normal volume is only about 300k, but over 2m traded already and sp marching nicely north ..... have mentioned several times this funny little stock whose travel software is (easily) market leader, but few of you are interested ..... i hope i live to laugh to the bank!

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