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Strategic acquisitions

Investors Chronicle, 2018-05, p.18

Copyright The Financial Times Limited May 11, 2018 ;ISSN: 0261-3115

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  • Title:
    Strategic acquisitions
  • Subjects: Corporate profits ; Cost control ; Customer services ; Earnings per share ; Economic development ; Equity ; Households ; International Financial Reporting Standards ; Internet service providers ; Investments ; Profitability ; Sensors ; Zinc telluride
  • Is Part Of: Investors Chronicle, 2018-05, p.18
  • Description: Simon Thompson assesses corporate activity from some of his small-cap plays Aim-traded Satellite Solutions Worldwide (SAT:8.7p), a satellite internet service provider offering an alternative highspeed broadband service, has announced two strategically important acquisitions to be funded from the proceeds of a £12m share placing at 8.5p. Italy offers strong growth prospects too as 3.6m households in the country have broadband speeds below 4mbps, and Open Sky has launched a new combo product combining hybrid satellite connections with wireless/ ADSL failover. [...]with hubs now in Italy, Germany and Portugal, SWW is well placed to drive additional organic revenue and subscriber growth, and leverage off the JV's roll-out across these countries. Minds + Machines' maiden profit and acquisition Aim-traded Minds + Machines (MMX:7.7p), a service provider in the domain name industry focused on the new top-level domain (TLD) space, has delivered its maiden year of profitability, posting IFRS reported pretax profits of $3.8m on revenue of $12m after adjusting for partner payments, buoyed by a doubling of renewal revenues to $4.8m. Analysts at broking house FinnCap had been factoring in 12p a share in their previous risked net asset value (NAV) estimate of 39p for the prospect. [...]it's hardly ideal news for de-risking other targets Chariot's management has identified within its neighbouring Mohammedia and Kenitra permits in which the company holds a 75 per cent interest.
  • Publisher: London: The Financial Times Limited
  • Language: English
  • Identifier: ISSN: 0261-3115
  • Source: ProQuest Central
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