Cambridge Index

Cambridge Index jumps 2.2%

The Cambridge index rose 2.2% or 543.8 points to settle at 25,308.4, as the top seven index heavyweights posted weekly gains to their share prices. Abcam, up 3.2% announced that the company remains on track to achieve revenue growth of approximately 11%. JPMorgan Chase & Co. trimmed its target price on Greene King, up 4.1%, to 500p from 650p and gave an “Underweight” rating.

Scientific Digital Imaging, up 13.7%, announced that it is in talks for a potential small bolt-on acquisition to complement its existing Atik Cameras brand for a total consideration of approximately £300k. RhythmOne, up 4.8%, announced that it has commenced an exchange offer for all of the outstanding shares of YuMe, Inc. and will likely close in March 2018. Elektron Technology, up 2.8%, announced that it has appointed Nplus1 Singer Advisory LLP (N+1 Singer) as Nominated Adviser and sole Broker with immediate effect. LPA Group, up 1.9% announced that the production at new lighting facility in Yorkshire and the electro-mechanical facility in Saffron Walden have reached a record high level and expects it to continue in the next financial year.

Dialight, unchanged at 550p announced that it anticipates revenue and EBIT for the period to be £181m and £9.7m, respectively. Also, it has appointed Martin Rapp as the Chief Executive Officer with immediate effect to succeed Michael Sutsko. FinnCap changed its target price of Cambridge Cognition Holdings, unchanged at 159p, to 115p. N+1 Singer reissued its “Buy” rating on Brady, down 0.4%, with a target price of 78p. Bango, down 0.8%, today announced that trading for the period came in line with its expectations. Moreover, the company has signed a deal with Netflix to launch carrier billing for Netflix subscriptions in Mexico. CyanConnode Holdings, down 15.9%, announced that it recorded strong performance for the period with an order book of $100m and an identifiable global pipeline of around $320m.

UK markets finished higher last week, after Britain’s services sector activity advanced more-than-expected in December. The nation’s manufacturing and construction PMI posted a significant drop in December. The FTSE AIM 100 index rose 1.8% to close at 5,506.5. The FTSE 100 index climbed 0.5% to settle at 4,706.6, while the FTSE techMARK 100 index added 0.5% to end at 7,724.2.

US markets ended positively in the prior week, after the US manufacturing sector activity accelerated in December, marking its highest level since March 2015. The nation’s private-sector employment rose higher than expectations in December. Also, the US non-farm payrolls came in line with market consensus.  The US Federal Reserve’s latest policy meeting minutes hinted that the central bank is mulling over faster interest rate hikes in 2018. The NASDAQ index advanced 3.4% to close at 7,136.6, while the DJIA index rose 2.3% to end at 25,295.9.


The Cambridge & FTSE AIM 100 Index Movement

Sector Break-up - Market Cap.

Sector Break-up - No. of Comps.

Index movers

Amino Technologies PLC

Amino Technologies PLC, a leader in digital entertainment solutions for IPTV, Internet TV and in-home multimedia distribution, lost 1.8% to 189.0p.

CyanConnode Holdings PLC

CyanConnode Holdings PLC, the integrated software solution provider for utility metering and lighting control, declined 15.9% to 18.5p and emerged as the top loser in the Cambridge Index. The company, in its trading update for the year ended 31 December 2017, announced that it recorded strong performance for the period with an order book of $100.0 million and an identifiable global pipeline of around $320.0 million. Moreover, the company stated that the hardware element of its current order book will be completed in next two years. FinnCap restated its “Corporate” rating on the stock.

Frontier Developments PLC

Frontier Developments PLC, a leading independent developer of video games, surged 14.0% to 1510.0p and emerged as the top gainer in the Cambridge Index.

Gaming Realms PLC

Gaming Realms PLC (former PDX PLC), an online gaming operator, developing free-to-play and real-money products, jumped 11.2% to 9.4p.

Greene King PLC

Shares of pub operator, Greene King PLC, rose 4.1% to 578.0p. JPMorgan Chase & Co. trimmed its target price on the stock to 500.0p from 650.0p and gave an “Underweight” rating.

Horizon Discovery Group PLC

Horizon Discovery Group PLC, the life science company supplying research tools to organisations engaged in genomics research and the development of personalised medicines, declined 10.0% to 216.0p.

RhythmOne PLC

RhythmOne PLC (former Blinkx PLC), the leading video search engine, edged 4.8% higher to 295.5p. The company announced that it has commenced an exchange offer for all of the outstanding shares of YuMe, Inc. and will likely close in March 2018. Furthermore, the company stated that valid shareholders will receive $1.70 in cash without interest and 0.7325 ordinary shares of RhythmOne.

Science Group PLC

Science Group PLC (former Sagentia Group PLC), an international technology consulting and IP licensing firm, edged 3.2% lower to 199.0p.

Scientific Digital Imaging PLC

Scientific Digital Imaging PLC, a digital imaging technology company, advanced 13.7% to 28.0p. The company announced that it is in talks for a potential small bolt-on acquisition to complement its existing Atik Cameras brand for a total consideration of approximately £0.3 million.

Tristel PLC

Tristel PLC, a provider of infection control and water treatment products, dropped 8.0% to 230.0p.

Other movers

Abcam PLC

Abcam PLC, a producer and distributor of research-grade antibodies, climbed 3.2% to 1089.0p. The company, in its trading update for the six months ended 31 December 2017, announced that the company remains on track to achieve revenue growth of approximately 11.0%. Further, the company stated that Catalogue revenue advanced over 11.0%, while Custom products and licensing revenue rose by 8.0% in the first half of the year. Meanwhile, the company indicated that investments in R&D, the organisation, global ERP system, and facilities are in line with its expectations.

Bango PLC

Bango PLC, a developer and provider of technology for mobile phones, eased 0.8% to 258.5p. Today, the company, in its trading update for the twelve months ended 31 December 2017, announced that trading for the period came in line with its expectations, while exit End User Spend run rate surpassed £400.0 million/year at the end of 2017. Moreover, the company has signed a deal with Netflix to launch carrier billing for Netflix subscriptions in Mexico.

Brady PLC

Brady PLC, a provider of transaction and risk management solutions for metals and commodities, declined 0.4% to 62.3p. N+1 Singer reissued its “Buy” rating on the stock with a target price of 78.0p. 

Cambridge Cognition Holdings PLC

Cambridge Cognition Holdings PLC, which specialises in computerised neuropsychological tests, remained unchanged at 159.0p. FinnCap reissued its “Corporate” rating on the stock with a target price of 115.0p.

Dialight PLC

Dialight PLC, a provider of electronic lighting and electromagnetic products, remained unchanged at 550.0p. Today, the company, in its trading update for the year ended 31 December 2017, announced that it anticipates revenue and EBIT for the period to be £181.0 million and £9.7 million, respectively, and indicated that it remains confident in its medium to long-term growth prospects. Also, it has appointed Martin Rapp as the Chief Executive Officer with immediate effect to succeed Michael Sutsko.

Elektron Technology PLC

Elektron Technology PLC, a provider of fast moving engineered products, added 2.8% to 18.3p. The company announced that it has appointed Nplus1 Singer Advisory LLP (N+1 Singer) as Nominated Adviser and sole Broker with immediate effect.

LPA Group PLC

LPA Group PLC, a provider of electronic and electro mechanical systems, edged 1.9% higher to 160.5p. The company, in its trading update for the financial year ended 30 September 2017, announced that the production at new lighting facility in Yorkshire and the electro-mechanical facility in Saffron Waldenwas have marked a record high level and expects it to continue in the next financial year.

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

Table 3 Cambridge Index  Top 5 Weights

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