Cambridge Index

Cambridge Index rises 0.4%

The Cambridge index advanced 93 points or 0.4% to close at 24518.1, as index heavyweights such as Johnson Matthey, AVEVA Group and Greene King posted weekly gains to their share prices. Canaccord Genuity raised its target price on Greene King, up 11.2% to 695p from 600p and gave a “Buy” rating.

Bango, up 6.7%, announced the appointment of Paul Larbey as the Chief Operating Officer, citing expansion of its payments business for improving the profitability of the mobile commerce platform. Amino Technologies, up 4.3%, announced that it will hold its Annual General Meeting on 29 March 2019. Tristel, up 1.7%, announced today that its half-yearly revenues soared to £12m from £10.7m, whereas profit before tax advanced to £2.2m from £1.9m in the previous year. Science Group, which remained unchanged at 210p, announced that it has increased its bank loan debt facilities to £17.5m from £12.75m as at 31 December 2018, with the repayment date remaining the same as for the previous loan (September 2026). 1Spatial, unchanged at 33.5p, announced that it has signed an agreement for the revision of the terms in its disposal of the 80.1% stake of Enables IT Group Limited to Champall Consultancy Limited. Separately, the company announced that it has won a contract worth £1m for delivering its services and softwares to No1 Aeronautical Information Documents Unit.

Peel Hunt restated its “Buy” rating on Quixant, down 1.5%. Gaming Realms, down 3.7%, announced that it has signed an agreement with River iGaming Plc to sell its entire share capital in its real money operating subsidiary, Bear Group Limited, to River Game Operations Limited for a total cash consideration of £11.5m. As per the agreement, the company will grant River Technologies Limited a sole perpetual licence to the Group's real money gaming platform and would sell its residual 30% stake in River UK Casino Limited to River iGaming. CyanConnode Holdings, down 7%, announced the receipt of a follow-on order worth almost $500k from Larsen & Toubro. Dialight, down 10.5%, announced today that its annual revenues declined 6.3% to £169.6m, whereas profit before tax more than doubled to £7.4m.

 

UK markets closed mostly lower last week, led by losses in consumer staples and energy sector stocks. The UK’s public sector net borrowing posted a surplus in January, whereas the nation’s unemployment rate remained steady near its 44-year low in the three months ended December 2018. The FTSE 100 index declined 0.8% to settle at 7178.6, while the FTSE AIM 100 index rose 0.4% to close at 4689.1. Meanwhile, the FTSE techMARK 100 index lost 0.6% to end at 4737.3.

US markets ended in the green in the previous week, amid rising optimism for a possible trade deal between the US and China. US service sector activity advanced to an 8-month high in February, whereas the housing market index rose to a 4-month high in the same month. The US manufacturing PMI eased to a 17-month low in February, while existing home sales unexpectedly dropped to a 3-year low in January. Minutes of the Federal Reserve’s January meeting revealed that policymakers favoured a patient approach for further interest rate hikes, citing global economic uncertainties. The DJIA index rose 0.6% to end at 26031.8, while the NASDAQ index gained 0.7% to close at 7527.6.


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, advanced 4.3% to 84.5p. The company announced that it will hold its Annual General Meeting on 29 March 2019.

Bango PLC

Bango PLC, a developer and provider of technology for mobile phones, jumped 6.7% to 87.5p. The company announced the appointment of Paul Larbey as the Chief Operating Officer, citing expansion of its payments business for improving the profitability of the mobile commerce platform.

CyanConnode Holdings PLC

CyanConnode Holdings PLC, the integrated software solution provider for utility metering and lighting control, declined 7.0% to 8p. The company announced the receipt of a follow-on order worth almost $0.5 million from Larsen & Toubro for the Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Limited.

Dialight PLC

Dialight PLC, a provider of electronic lighting and electromagnetic products, plummeted 10.5% to 340p and emerged as the top loser in the Cambridge index. Today, the company announced that its annual revenues declined 6.3% to £169.6 million, whereas profit before tax more than doubled to £7.4 million.

DS Smith PLC

DS Smith PLC, a manufacturer and distributor of paper and plastic packaging products, fell 5.7% to 333.4p.

Gaming Realms PLC

Gaming Realms PLC (former PDX PLC), an online gaming operator, developing free-to-play and real-money products, slid 3.7% to 4.4p. The company announced that it has signed an agreement with River iGaming Plc for selling its entire share capital in its real money operating subsidiary, Bear Group Limited, to River Game Operations Limited for a total cash consideration of £11.5 million. As per the agreement, the company will grant River Technologies Limited a sole perpetual licence to the Group's real money gaming platform and would sell its residual 30% stake in River UK Casino Limited to River iGaming.

Greene King PLC

Shares of pub operator, Greene King PLC, surged 11.2% to 671.8p and emerged as the top gainer in the Cambridge index. Canaccord Genuity raised its target price on the stock to 695p from 600p and gave a “Buy” rating.

IQGeo Group PLC

IQGeo Group PLC (former Ubisense Group PLC), a market leader of real-time location solutions, rose 2.9% to 53.5p.

RhythmOne PLC

RhythmOne PLC (former Blinkx PLC), the leading video search engine, dropped 6.9% to 163p.

Scientific Digital Imaging PLC

Scientific Digital Imaging PLC, a digital imaging technology company, climbed 6.5% to 41p.

Other movers

1Spatial PLC

1Spatial PLC, the spatial big data company, which manages the world’s largest spatial data, remained unchanged at 33.5p. The company announced that it has signed an agreement for the revision of the terms in its share purchase agreement for the management of 80.1% stake of in Enables IT Group Limited to Champall Consultancy Limited. Separately, the company announced that it has won a contract worth £1 million for delivering its services and softwares to No1 Aeronautical Information Documents Unit.

Quixant PLC

Quixant PLC, a provider of specialised gaming platforms designed for gaming and slot machine applications, fell 1.5% to 319p. Peel Hunt restated its “Buy” rating on the stock.

Science Group PLC

Science Group PLC (former Sagentia Group PLC), an international technology consulting and IP licensing firm, remained unchanged at 210p. The company announced that it has increased its bank loan debt facilities to £17.5 million from £12.75 million as at 31 December 2018, with the repayment date remaining the same (September 2026) as for the previous loan.

Tristel PLC

Tristel PLC, a provider of infection control and water treatment products, rose 1.7% to 302.5p. Today, the company announced that its half-yearly revenues soared to £12 million from £10.7 million, whereas profit before tax advanced to £2.2 million from £1.9 million in the previous year. Meanwhile, FinnCap reconfirmed its “Corporate” on the stock.

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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