INSIDE THE REPORT
Stock recommendations and price targets from top brokerage firms
Analysis and views on Greece Bailout Plan, Barclays’ Bonus and UK Big Freeze
List of companies earnings which hit and miss the analysts’ expectations
Economic Indicators
Project Merlin Lending Data (Q4)
U.K. Regional PMI (January)
CML Regulated Mortgage Survey (December)
Corporate Events
Monitise interim results
Fidessa Group and Amino Technologies preliminary results
Breaking News
U.K. producer price index rises in January
Barclays delivers strong FY results
Beer giants SAB Miller, MillerCoors, Pabst face $500m lawsuit
Weir Group to acquire Ludowici
Stock Exchange bomb plotters jailed for 5-16 years
THE NEXT TRADING DAY
Economic Events
No major events scheduled
Corporate Events
Monitise, a technology company delivering mobile banking, payments and commerce networks worldwide will release its interim results for the six months ending 31 December, 2011 on 13 February, 2012.
The Group's strategy is centered on being the mobile money technology platform of choice for banking and other financial institutions worldwide. Having established the Group's award-winning and proven, bank-grade technology it remains focused on continuing to invest in its business, developing new products for its clients and signing new strategic partnerships and agreements to further extend its global footprint.
The Group remains committed to helping financial institutions defend and extend their position via anytime anywhere, mobile money management, innovative payments services and engaging, intuitive shopping experiences for the consumer on the move, irrespective of what mobile they choose to use. The Group continues to work with its partners on exciting new products which it expects to bring to market in the coming months and to make significant progress as it executes its strategy.
The global opportunity for Monitise is far greater than even a year ago and this combined with a step-change increase in its order book is creating substantial momentum for the business, that it will continue to invest in. The Group has built a well-funded, debt-free business that is making profits across its live operations. With the Group's growing order book, Monitise is very well placed to achieve its target of doubling revenues again in the current year and moving towards group break-even.
Canaccord Genuity expects the Group to report revenues of £31.90 million and £47 million for FY 2012 and FY 2013 respectively with pre-tax loss (pre-except) for the periods are expected at £14.30 million and £7 million. Loss per share for the periods is estimated at 2.00 pence and 1.10 pence.
Fidessa Group, a supplier of multi-asset trading, portfolio analysis, decision support, compliance, market data and connectivity solutions for firms is scheduled to report its annual results for FY 2011 on 13 February, 2012.
The Group believes that in the short-term, there will be significant macroeconomic uncertainty and as a result expects that the markets will remain under pressure. However, the Group still has a good pipeline and continues to believe that the pressure in the markets will also lead to growth opportunities as firms focus on cost efficiencies and diversification of their business.
The strength of the Group’s products and services should leave it well positioned to benefit from this trend. As a result, the Group expects that the growth rate for the FY 2011 will be broadly similar to that seen in the first half. Looking further ahead the Group expects to see improvements in market sentiment coming through as clarity improves around the macroeconomic issues currently facing the markets, and regulation and market structure become clearer.
The Group believes the global markets will continue to evolve and it will continue to play an important role in providing the solutions the industry needs at all levels within the community. This will result in further significant growth opportunities and it will maintain its strategy of investment in the business to bring the right solutions to its customers across all the regions in which they operate.
Panmure Gordon expects the Group to post revenues of £277 million and £295 million for FY 2011 and FY 2012 respectively with EBITDA of £51.40 million and £56.50 million. Pre-tax profits (pre-except) for the periods are expected at £38.80 million and £42.90 million. Profit per share for the periods is expected at 71.70 pence and 79.30 pence.
Amino Technologies, specialized in internet protocol television software technologies and hardware platforms will release its preliminary results for the twelve months ended 30 November, 2011 on 13 February, 2012.
The Group continues to make considerable progress against its strategic goals, combining growing traction in its core and emerging target markets, good financial improvement and a healthy order backlog to take it into the second half of the year. The benefits of a rigorous focus on supply chain management are now feeding through in terms of improved margins, less component complexity and security of supply. Furthermore, the traction the OTT offering is gaining gives the Board confidence that the Group is well positioned to benefit from further growth and development in the OTT market.
Going forward, the Group remains focused on its strategy of enhancing its product line in both IPTV and OTT sectors, driving scale and extending across the value chain. The combination of a strong and enhanced product portfolio, underpinned by solid supply chain management, and growing market traction provides an encouraging outlook for the second half of the FY 2011. The substantial improvement in the Group's cash position, allied to a healthy new business pipeline, provides the Board with confidence for the full year.
Singer Capital Markets expects the Group to earn revenues of £57 million and £69 million for FY 2011 and FY 2012 respectively with EBITDA of £5 million and £6 million. Pre-tax profits (pre-except) for the periods are expected at £2 million and £3 million. Profit per share for the periods are expected at 3.30 pence and 4.90 pence.
