Amino Technologies (AMO)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

 144.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 148.50
  • 52 Week Low: 92.00
  • Currency: UK Pounds
  • Shares Issued: 76.04m
  • Volume: 20,153
  • Market Cap: £109.88m
  • RiskGrade: 144

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 144.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 148.50
52 Week Low 92.00
Volume 20,153
Shares Issued 76.04m
Market Cap £109.88m
RiskGrade 144

AMO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
7.42% above the market average7.42% above the market average7.42% above the market average7.42% above the market average7.42% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average
Price Trend
63.87% above the market average63.87% above the market average63.87% above the market average63.87% above the market average63.87% above the market average
39.13% above the sector average39.13% above the sector average39.13% above the sector average39.13% above the sector average39.13% above the sector average
Income
52.79% below the market average52.79% below the market average52.79% below the market average52.79% below the market average52.79% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Growth
94.3% below the market average94.3% below the market average94.3% below the market average94.3% below the market average94.3% below the market average
91.67% below the sector average91.67% below the sector average91.67% below the sector average91.67% below the sector average91.67% below 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 02-Jun-2020

Time Volume / Share Price
16:34 20,000 @ 144.50p
15:50 2,000 @ 145.90p
15:33 2,000 @ 145.90p
13:07 769 @ 142.50p
08:55 4,784 @ 142.50p

AMO Key Personnel

CEO Donald McGarva
CFO Mark Carlisle

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