Report

Potential $1bn on-officer camera market

Vislink's cutting edge technology enables the collection of high quality live video, wirelessly, from the "scene to the screen". Take a look at what happens when police officers wear body cameras. Not only does the need to use force while arresting offenders decline by 59%, but also citizen complaints drop by 87% (source Taser). We think the next generation of these devices will be "smart" enabled allowing secure 2-way communication: incorporating state-of-the-art, mission-critical, wireless technology just like that offered by Vislink. Currently investors have plenty of other exciting growth prospects to look forward to, as detailed at Wednesday's Capital Market's Day. Here the Board outlined the company's work with the likes of GoPro (NHL), Harmonic, Moto GP, Formula E and many others. As yet we have absolutely nothing in our forecasts or 80p/share target price (TP) with regards to this potential 'on-officer' opportunity. Furthermore, the stock at 53p still trades at an unwarranted discount to its peers across the four main valuation benchmarks of EV/Sales, EV/EBITDA, EV/EBITA and PER.
Underlying
Pebble Beach Systems Group

Pebble Beach Systems Group is a software technology company serving customers in the broadcast markets. Pebble Beach Systems is Co.'s software business. Co.'s primary products includes: Marina, an enterprise level playout automation platform for multi-channel applications; Orca, an internet protocol-enabled cloud-based integrated channel delivery solution running in a virtualized environment; Dolphin, a multi-format integrated channel delivery solutions based on standard information technology hardware; and Stingray, a self-contained Channel in a Box. Co.'s solutions enable the management, delivery and distribution of collected live video and associated data.

Provider
Equity Development
Equity Development

​Equity Development enables companies to become better understood and supported by investors. Since our launch in 1996 we have consistently focused on helping our clients improve their communication and relationships with both existing and potential shareholders. Our clients have come from a wide variety of sectors and domiciles, are both private and quoted and range in size from micro-cap to $multi-billions. We offer free access to company research notes written by experienced analysts. These notes include detailed forecasts, financial models and a fair value. We host regular Private Investor Forums at which investors have the opportunity to hear company directors present, and to ask questions. These are free to attend. We broadcast live Webinars with company management that include active Q&A. We also make the recordings available online. We arrange face to face meetings between private investors and company management. We are active users of Twitter, commenting daily on company news, share price moves, Directors’ Dealings, Equity Development Research Notes & Events.

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