Amino Technologies (AMO)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

108.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 130.00
  • 52 Week Low: 75.50
  • Currency: UK Pounds
  • Shares Issued: 76.03m
  • Volume: 15,134
  • Market Cap: £82.49m
  • RiskGrade: 98
  • Beta: 0.43

Amino Technologies restates guidance following implementation of transformation programme

By Iain Gilbert

Date: Thursday 06 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Media and entertainment solutions outfit Amino Technologies told investors on Thursday it had made "good progress" with its transformation programme, which it expects to deliver annualised cost savings of $5m.
Amino said its transformation programme, announced in February and completed in April, had supported an acceleration of its focus on value-added software, services and hardware.

However, the AIM-listed group also revealed that first half revenues were expected to be approximately 15% lower year-on-year at $35m.

As a result of the implementation of its transformation programme and despite the thinner revenues, Amino kept expectations for its full-year unchanged.

Net cash as of 31 May came to $19.3m, up from the $15m recorded a year earlier, reflecting continued strong margins and cash conversion.

Chief executive Donald McGarva said: "We have made good progress on our new strategic focus, which is intended to support a more resilient business model, improved operating margins and recurring revenue in the medium term.

"The first half of 2019 has provided further evidence that Amino offers pay-TV operators the ability to deliver cost-effective modern TV experiences."

As of 0835 BST, Amino shares had picked up 2.70% to 95p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

AMO Market Data

Currency UK Pounds
Share Price 108.50p
Change Today -0.50p
% Change -0.46 %
52 Week High 130.00
52 Week Low 75.50
Volume 15,134
Shares Issued 76.03m
Market Cap £82.49m
Beta 0.43
RiskGrade 98

AMO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.58% above the market average82.58% above the market average82.58% above the market average82.58% above the market average82.58% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
4.41% below the market average4.41% below the market average4.41% below the market average4.41% below the market average4.41% below the market average
12.00% above the sector average12.00% above the sector average12.00% above the sector average12.00% above the sector average12.00% above the sector average
Income
76.99% above the market average76.99% above the market average76.99% above the market average76.99% above the market average76.99% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
28.02% below the market average28.02% below the market average28.02% below the market average28.02% below the market average28.02% below the market average
28.00% above the sector average28.00% above the sector average28.00% above the sector average28.00% above the sector average28.00% above the sector average

AMO Dividends

  Latest Previous
  Interim Final
Ex-Div 08-Aug-19 04-Apr-19
Paid 02-Sep-19 26-Apr-19
Amount 1.68p 5.64p

Trades for 22-Oct-2019

Time Volume / Share Price
11:47 1,606 @ 108.45p
11:24 6,397 @ 108.00p
10:33 2,377 @ 108.00p
10:33 2,377 @ 108.00p
10:33 2,377 @ 108.00p

AMO Key Personnel

CEO Donald McGarva
CFO Mark Carlisle

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