Updates

Vislink - Pebble Beach acquisition widens market by £200m

April 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Vislink has reported its 2013 results with sales of £59.9m, adjusted pretax profit of £4.2m and stripping out a tax credit, eps was 3.8p. Order intake for the year was £60.1m, ahead by 20%. Net cash at the year end was £3.7m but since then Vislink has completed the acquisition of Pebble Beach, which is terrifically eps enhancing in the first year. It has paid £14.9m for Pebble (£12.9m cash and £2m new shares at 42.5p), which had sales of £5.6m and a pretax profit of £1.3m last year but with £5.9m cash within the business the price paid is a very attractive 6.5x EV/EBITDA. When we spoke to chief executive, John Hawkins, he noted that Pebble has taken the business into automation and content management software and gives the ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Majestic Wine

Parity - Director buys shares

Vislink - Sells lossmaking hardware side (December 2016)

Vislink (August 2016)

Vislink (April 2016)

Vislink (January 2016)

Vislink - Old Vislink still struggling but software takes off (October 2015)

Vislink - H2 margins get to 15.8% (May 2015)

Vislink (October 2014)

Vislink (January 2014)

Vislink (October 2013)

Vislink - Two directors buy shares (July 2013)

Vislink - Targets £8m profit by 2014 (May 2013)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X