Cambridge Index

Cambridge Index jumps 3.9%

The Cambridge index advanced 3.9% or 952.5 points to settle at 25,688.1, as seven out of the top ten index heavyweights posted weekly gains to their share prices. Johnson Matthey, up 2.9%, today announced that Patrick Thomas will be appointed as Chairman at the company’s AGM on 26 July 2018, succeeding the current Chairman Tim Stevenson. Peel Hunt raised its target price on DS Smith, up 5.9%, to 520p from 490p and maintained a “Buy” rating. Greene King, up 17.5%, in its pre-close trading statement for the 49 weeks to 8 April 2018, announced that the pub company sales fell 1.8% on a like-for-like basis, while expects a profit before tax and exceptional for the year to be in the range of approximately £240-245m. Peel Hunt reaffirmed its “Add” rating on the stock with a target price of 600p.

CyanConnode Holdings, up 15.7%, in its Q1 trading update, announced that it has witnessed strong growth and demand for its products and expects to generate more revenue in H12018 as compared to the revenues in the FY2017. RhythmOne, up 6.5%, announced that it has been ranked as the top US and International company on Pixalate's Global Seller Trust Index for 2017. Separately, the company announced that it has received seal recertification for Inventory Quality Guidelines from Trustworthy Accountability Group. FinnCap raised its target price on Amino Technologies, up 6.5%, to 220p from 200p and maintained a “Corporate” rating. N+1 Singer increased its target price on the stock to 215p from 191p and maintained a “Buy” rating. FinnCap reiterated its “Corporate” rating on Scientific Digital Imaging, up 4.2%, with a target price of 20p. Peel Hunt lowered its target price on Xaar, up 2.4%, to 335p from 420p and maintained a “Hold” rating.

Peel Hunt restated its “Hold” rating on Dialight, unchanged at 526p. Elektron Technology, unchanged at 27.5p, announced that its subsidiary, Checkit Limited, has surpassed its Annual Recurring Revenue target of £1m mark, compared to £0.75m as on 31 January 2018. Cambridge Cognition Holdings, down 0.8%, announced that its CANTAB Recruit software has now been established in two major Phase III trials, with one of its adopters increasing its contract value by twenty-four times in the first year of use, amounting to over £1.2m. FinnCap restated its “Corporate” rating on the stock with a target price of 155p. FinnCap retreated its “Corporate” rating on Frontier Developments, down 1.1%. FinnCap restated its “Corporate” rating on Netcall, down 1.8%, with a target price of 70p.

UK markets closed mostly higher in the prior week, led by gains in financial, mining and industrial sector stocks. On the data front, the British house prices rose more-than-expected in three months to March period, while its trade deficit contracted in February. On the contrary, the nation’s construction output unexpectedly dropped in the same month. The FTSE 100 index climbed 1.1% to settle at 7,264.6, while the FTSE techMARK 100 index added 2.0% to close at 4,435.8. Meanwhile, the FTSE AIM 100 index lost 0.2% to end at 5,306.0.

US markets ended in the green in the last week, after the minutes of the Federal Reserve’s March meeting showed that the policymakers broadly agreed on the view that the US economy was growing at a strong pace while inflation had picked-up in recent months. Moreover, the US annual inflation rose in line with market expectations in March. The DJIA index advanced 1.8% to end at 24,360.1, while the NASDAQ index gained 2.8% to close at 7,106.7.


The Cambridge & FTSE AIM 100 Index Movement

Sector Break-up - Market Cap.

Sector Break-up - No. of Comps.

Index movers

1Spatial PLC

1Spatial PLC, the spatial big data company, which manages the world’s largest spatial data, slipped 1.7% to 2.9p.

Bango PLC

Bango PLC, a developer and provider of technology for mobile phones, advanced 8.6% to 170.5p.

CyanConnode Holdings PLC

CyanConnode Holdings PLC, the integrated software solution provider for utility metering and lighting control, surged 15.7% to 12.9p. The company, in its trading update for the first quarter of 2018, announced that it has witnessed strong growth and demand for its products for the period and with the current pace it expects that it will generate more revenue in the first half of this year as compared to the revenues in the FY2017. The company’s global order book stood at nearly $100 million, having a huge potential for global pipeline and expects new orders in the near term. FinnCap reissued its “Corporate” rating on the stock.

Gaming Realms PLC

Gaming Realms PLC (former PDX PLC), an online gaming operator, developing free-to-play and real-money products, dropped 5.7% to 7.8p and emerged as the top loser in the Cambridge Index.

Greene King PLC

Shares of pub operator, Greene King PLC, rallied 17.5% to 558p and emerged as the top gainer in the Cambridge Index. The company, in its pre-close trading statement for the 49 weeks to 8 April 2018, announced that the pub company sales fell 1.8% on a like-for-like basis, as trading in the last 12 weeks was affected by weather. The trading during the Easter period grew 2.8%, compared to the same period last year. The company expects a profit before tax and exceptionals for the year to be in the range of approximately £240-245 million. Peel Hunt reaffirmed its “Add” rating on the stock with a target price of 600p.

LPA Group PLC

LPA Group PLC, a provider of electronic and electro mechanical systems, declined 3.2% to 149p.

Marshall Motor Holdings PLC

Marshall Motor Holdings PLC, one of the UK's leading automotive retail and leasing groups representing a unique portfolio of prestige and volume brands and with the highest brand coverage of any dealer group in the UK, fell 1.9% to 158.5p.

Netcall PLC

Netcall PLC, a provider of call-back, auto-messaging and contact solutions, eased 1.8% to 55.5p. FinnCap restated its “Corporate” rating on the stock with a target price of 70p.

RhythmOne PLC

RhythmOne PLC (former Blinkx PLC), the leading video search engine, rose 6.5% to 180p. The company announced that it has been ranked as the top US and International company on Pixalate's Global Seller Trust Index (GSTI) for 2017. Separately, the company announced that it has received seal recertification for Inventory Quality Guidelines (IQG) for the year 2018, from Trustworthy Accountability Group (TAG). The above certification certifies that the company follows IQG disclosures for ad inventory.

Vernalis PLC

Shares of biotech firm, Vernalis PLC, jumped 14.6% to 3.7p.

Other movers

Amino Technologies PLC

Amino Technologies PLC, a leader in digital entertainment solutions for IPTV, Internet TV and in-home multimedia distribution, advanced 6.5% to 214.0p. FinnCap raised its target price on the stock to 220p from 200p and maintained a “Corporate” rating. N+1 Singer increased its target price on the stock to 215p from 191p and maintained a “Buy” rating.

Cambridge Cognition Holdings PLC

Cambridge Cognition Holdings PLC, which specialises in computerised neuropsychological tests, shed 0.8% to 119p. The company announced that its CANTAB Recruit software, which will be used for two of the world's largest and most valuable drug trials to improve patient recruitment in Alzheimer's disease, has now been established in two major Phase III trials, with one of its adopters increasing its contract value by twenty-four times in the first year of use, amounting to over £1.2 million. FinnCap restated its “Corporate” rating on the stock with a target price of 155p.

Dialight PLC

Dialight PLC, a provider of electronic lighting and electromagnetic products, remained unchanged at 526p. Peel Hunt restated its “Hold” rating on the stock.

DS Smith PLC

DS Smith PLC, a manufacturer and distributor of paper and plastic packaging products, climbed 5.9% to 501.8p. Peel Hunt raised its target price on the stock to 520p from 490p and maintained a “Buy” rating.

Elektron Technology PLC

Elektron Technology PLC, a provider of fast moving engineered products, remained unchanged at 27.5p. The company announced that its subsidiary, Checkit Limited, has surpassed its Annual Recurring Revenue (ARR) target of £1 million mark, compared to a level of £0.75 million per annum as on 31 January 2018.

Frontier Developments PLC

Frontier Developments PLC, a leading independent developer of video games, eased 1.1% to 1305p. FinnCap retreated its “Corporate” rating on the stock.

Johnson Matthey PLC

Johnson Matthey PLC, a speciality chemicals company and leading provider of precious metal products and environmental technologies, rose 2.9% to 3303.0p. Today, the company announced that Patrick Thomas will be appointed as Chairman at the Annual General Meeting on 26 July 2018, succeeding the current Chairman Tim Stevenson.

Scientific Digital Imaging PLC

Scientific Digital Imaging PLC, a digital imaging technology company, increased 4.2% to 37.0p. FinnCap reiterated its “Corporate” rating on the stock with a target price of 20p.

Xaar PLC

Xaar PLC, a provider of inkjet printing technology, jumped 2.4% to 346.5p. Peel Hunt lowered its target price on the stock to 335p from 420p and maintained a “Hold” rating.

The Cambridge & FTSE AIM 100 Index Movement

Sector Break-up - Market Cap.

Sector Break-up - No. of Comps.

Table 1 Cambridge Index  Weekly Top 5 Gainers

Table 2 Cambridge Index  Weekly Top 5 Losers Company Name Ticker Sector Price as

Table 3 Cambridge Index  Top 5 Weights

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