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SMS MAN.& TECH.LIMITED with less fundamental stars is reduced to Neutr...
SMS MAN.& TECH.LIMITED (AU), a company active in the Computer Services industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the ana...
- Gareth James
Corporate Action: We Recommend SMS Shareholders Vote in Favour of the ...
We recommend SMS Management & Technology shareholders vote in favour of the DWS offer at the Scheme of Arrangement meeting on June 14, 2017. The DWS offer, which comprises AUD 1.00 in cash plus 0.39 DWS shares, is worth AUD 1.60 per SMS share based on the current DWS market price of AUD 1.53. This represents a significant premium to our standalone fair value for SMS of AUD 1.00 per share. SMS’ board of directors have also advised shareholders vote in favour of the offer, in the absence of a .....
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
- Gareth James
Increasing competition is a structural trend facing the Australian IT ...
SMS Management & Technology reported a 43% fall in net profit after tax, or NPAT, to AUD 9.7 million for fiscal 2016. The weak result exceeded our AUD 9.1 million forecast by 7.1% but was broadly in line with very weak expectations. The EBITDA result of AUD 15.7 million was towards the lower end of management guidance of AUD 15.5 million-AUD 16.5 million provided in May 2016, following the resignation of the previous CEO. Despite the weak result, we have increased our fair value estimate by ...
- Gareth James
We Maintain Our Bearish View on SMS Following Weak Earnings Guidance. ...
We cut our fair value estimate for SMS Management & Technology, or SMS, by 17% to AUD 1.00 per share following weak earnings guidance. At the current market price of AUD 1.39, we continue to believe the shares are overvalued despite the 53% share price slump this year. First-half fiscal 2017 revenue guidance of AUD 150 to 155 million implies a 9% fall on the previous corresponding period with EBITDA guidance of AUD 4.5 to 5.0 million implying a 57% collapse. Although guidance is weaker than ...
- Gareth James
SMS Management & Technology Profit Falls 43%, but Fair Value Estimate ...
SMS Management & Technology reported a 43% fall in net profit after tax, or NPAT, to AUD 9.7 million for fiscal 2016. The weak result exceeded our AUD 9.1 million forecast by 7.1% but was broadly in line with very weak expectations. The EBITDA result of AUD 15.7 million was towards the lower end of management guidance of AUD 15.5 million-AUD 16.5 million provided in May 2016, following the resignation of the previous CEO. Despite the weak result, we have increased our fair value estimate by ...
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