reports
Pebble Beach Systems Group: 1 director maiden bought
A director at Pebble Beach Systems Group maiden bought 235,000 shares at 10p and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last tw...
- Anne Margaret Crow
Shareholder approval sought for revised terms
Vislink has modified the terms of the agreement to sell the assets of Vislink Communication Systems (VCS). The total consideration payable remains $16m. This will now be split into an initial cash consideration of $6.5m and $9.5m deferred consideration payable in secured loan notes, which must be redeemed within 45 days of the disposal completing. Shareholder approval of the modified terms is required before the disposal can complete. We leave our estimates, which assume that VCS remains within ...
- Anne Margaret Crow
Strong growth in software, hardware declining
Vislink has announced that trading for FY16 is in line with management expectations, with Q4 exhibiting the usual seasonal uplift. In addition, on Friday, it announced it had entered into a business purchase agreement to sell the assets of Vislink Communications Systems (VCS) for $16m, progressing from the informal agreement in principle announced in October, to a detailed formal agreement. The disposal remains conditional on shareholder approval. We leave our estimates, which assume that VCS re...
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...
- Anne Margaret Crow
Conditional sale of hardware division
Vislink has announced that it has entered into a conditional agreement to sell the assets of Vislink Communication Systems (VCS) for $16m. The transaction is expected to be subject to shareholder approval and to close by end FY16. The deal frees management to focus on the software division, which reported a strong increase in order intake during H116, in contrast to the hardware division where H116 revenues fell by 19%, taking the division and the group into the red. The deal also solves the deb...
Shares underpinned by 5.4% dividend yield
Vislink's cutting edge technology enables the collection of high quality live video, wirelessly, from the "scene to the screen". Trading is tough for many companies and sectors at the moment. In Q3'15, 79 profit warnings were issued across UK equities (Source: EY), up 38% sequentially on Q2 - the biggest % change in almost four years. Yesterday, Vislink also reported that conditions were challenging at its wireless equipment arm (est'15 56% of EBITA). In that unit orderflow at VCS (Vislink Com...
Blazing a trail in ultra HD / 4k live video
​Vislink's cutting edge technology enables the collection of high quality live video, wirelessly, from the "scene to the screen". Positive industry trends provide a strong backdrop for profitable growth, borne out by today's solid H1 numbers (EBITA up 26% to £2.2m) and the outlook for the second half. Overall we expect H2'15 operating profit to be £5.3m; not too dissimilar to last year's £5.5m level. Long term clients include household names such as Al Jazeera and the Metropolitan Police, t...
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 te...
The Apple of live TV broadcasting
Vislink's cutting edge technology enables the collection of high quality live video, wirelessly, from the "scene to the screen". Although not quite on such a grand scale as Apple, we think Vislink is also quietly building a similar ecosystem across multiple customer touchpoints within the premium wireless video transmission and playout market. At the interims in September, the Board promised a barnstorming second half, and today investors were not short-changed with adjusted EBIT coming in 66% h...
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