Cambridge Index

Cambridge Index rises 1.0%

The Cambridge index advanced 249.6 points or 1% to close at 24976.9, as four out of the top five index heavyweights posted weekly gains to their share prices. JPMorgan reissued its “Overweight” rating on DS Smith, down 3.7%. Jefferies reconfirmed its “Hold” rating on the stock with a target price of 370p. Greene King, up 3.9%, announced the appointment of its Non-Executive Director, Lynne Weedall, to the same position in William Hill Plc, with effect from 1 July 2019. JP Morgan reaffirmed its solid “Neutral” rating on the stock.

Gaming Realms, up 17.9%, announced that it has entered into a 3-year agreement with Scientific Games' Digital Group that will enable it to deliver the Slingo Originals portfolio through SG Digital's inaugural gaming system platform (OGS). Elektron Technology, up 4.8%, in its trading update for the quarter ended 30 April 2019, announced that its group sales surged 17% to £8.9m and continued to deliver robust sales growth. The company expects to publish its results on 12 June 2019. Separately, the company announced the acquisition of Next Control Systems Limited for a consideration of £10.5m. Science Group remained unchanged at 203p, announced purchasing of 3,685,054 ordinary shares forming around 9% of the issued share capital in Frontier Smart Technologies Group Limited at a price of 12.5p per share amounting for a total worth of approximate £500k.

Scientific Digital Imaging, down 1.5%, in its trading update for the year ended 30 April 2019, announced that it anticipates its revenues to surpass its estimates of £17m, supported by the successful performance of its various recent acquisitions. The company expects to publish its final results for the year ended 30 April 2019 in July 2019. Sareum Holdings, down 3.7%, announced that Sierra Oncology will deliver a presentation at the 2019 Annual Meeting of the American Society of Clinical Oncology. Bango, down 6.8%, announced the resignation of Martin Rigby as the Non-Executive Director, with immediate effect. 1Spatial, down 6.9%, in its final results for the year ended 31 January 2019, announced that revenues rose to £17.6m from £16.9m in the same period last year. The company’s loss before tax narrowed to £1.8m from £2m reported in the previous year, while its basic loss per share contracted to 1.97p from 3.2p in the previous year. CyanConnode Holdings, down 14.8%, in its final results for the year ended 31 December 2018, announced that revenues rallied to £4.5m from £1.2m reported last year. Its loss before tax narrowed to £6.3m from £11.1m, while its basic loss per share declined to 4.26p from 10.18p in the previous year.

 

UK markets ended in the green last week, supported by gains in financial and mining sector stocks. The UK’s ILO unemployment rate unexpectedly slid to a 45-year low in the three months ended March 2019. The FTSE 100 index advanced 2% to settle at 7,348.6, while the FTSE AIM 100 index rose 0.4% to close at 5,051.4. The FTSE techMARK 100 index gained 1.5% to end at 5,024.3.

 
Research and analysis for these reports has been conducted by Decimal Point Analytics on behalf of NW Brown Group. For more information on the companies and markets referred to above please visit www.nwbrown.co.uk
US markets ended lower in the previous week, amid escalating tensions over the US-China trade war. The US NFIB small business optimism index rose in April, and the housing market climbed to a 7-month high in May. Moreover, the nation’s consumer sentiment index rallied to its highest level in 15 years in May, and the manufacturing index unexpectedly rose to a 6-month high in the same month. The US advance retail sales surprisingly fell in April, and the industrial production declined to a 2-year low in the same month. The DJIA index fell 0.7% to end at 25,764, while the NASDAQ index lost 1.3% to close at 7,816.3.


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, dropped 6.9% to 33.5p. The company, in its final results for the year ended 31 January 2019, announced that revenues rose to £17.6 million from £16.9 million in the same period last year. The company’s loss before tax narrowed to £1.8 million from £2.0 million reported in the previous year, while its basic loss per share contracted to 1.97p from 3.20p in the previous year.

Abcam PLC

Abcam PLC, a producer and distributor of research-grade antibodies, added 2.9% to 1411p.

AVEVA Group PLC

Engineering technology company, AVEVA Group PLC, advanced 5.7% to 3420p.

Bango PLC

Bango PLC, a developer and provider of technology for mobile phones, fell 6.8% to 103p. The company announced the resignation of Martin Rigby as the Non-Executive Director, with immediate effect.

CyanConnode Holdings PLC

CyanConnode Holdings PLC, the integrated software solution provider for utility metering and lighting control, plummeted 14.8% to 5.8p and emerged as the top loser in the Cambridge Index. The company in its final results for the year ended 31 December 2018, announced that revenues rallied to £4.5 million from £1.2 million reported last year. Its loss before tax narrowed to £6.30 million from £11.1 million, while its basic loss per share declined to 4.26p from 10.18p in the previous year.

Elektron Technology PLC

Elektron Technology PLC, a provider of fast-moving engineered products, climbed 4.8% to 43.5p. The company, in its trading update for the quarter ended 30 April 2019, that its group sales surged 17% to £8.9 million and continued to deliver robust sales growth. The company expects to publish its results on 12 June 2019. Separately, the company announced the acquisition of Next Control Systems Limited for a consideration of £10.5 million.

Frontier Developments PLC

Frontier Developments PLC, a leading independent developer of video games, declined 10.2% to 991p. FinnCap restated 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, rallied 17.9% to 5p and emerged as the top gainer in the Cambridge Index. The company announced that it has entered into a 3-year agreement with Scientific Games' Digital Group that will enable it to deliver the Slingo Originals portfolio through SG Digital's inaugural gaming system platform (OGS).

Greene King PLC

Shares of pub operator, Greene King PLC, rose 3.9% to 623p. The company announced the appointment of its Non-Executive Director, Lynne Weedall, to the same position in William Hill Plc, with effect from 1 July 2019. JP Morgan Cazenove reaffirmed its “Solid Neutral” rating on the stock.

Xaar PLC

Xaar PLC, a provider of inkjet printing technology, tumbled 13.4% to 100p.

Other movers

DS Smith PLC

DS Smith PLC, a manufacturer and distributor of paper and plastic packaging products, declined 3.7% to 327p. JPMorgan Chase & Co. reissued its “Overweight” rating on the stock. Jefferies Financial Group reconfirmed its “Hold” rating on the stock with a target price of 370p.

Sareum Holdings PLC

Sareum Holdings PLC, which is engaged in the structure-based drug discovery business, dropped 3.7% to 0.7p. The company announced that Sierra Oncology will deliver a presentation at the 2019 Annual Meeting of the American Society of Clinical Oncology (ASCO) in Chicago, IL, USA from 31 May to 04 June 2019 regarding the development of its Chk1 inhibitor Phase 1/2 SRA737 monotherapy study and Phase 1/2 study of SRA737 in combination with low dose gemcitabine (SRA737+LDG).

Science Group PLC

Science Group PLC (former Sagentia Group PLC), an international technology consulting and IP licensing firm, remained unchanged at 203p. Today, the company announced purchasing of 3,685,054 ordinary shares forming around 9% of the issued share capital in Frontier Smart Technologies Group Limited at a price of 12.50p per share amounting for a total worth of approximate £0.5 million.

Scientific Digital Imaging PLC

Scientific Digital Imaging PLC, a digital imaging technology company, fell 1.5% to 57.6p. The company, in its trading update for the year ended 30 April 2019, announced that it anticipates its revenues to surpass its estimates of £17.0 million, supported by the successful performance of its various recent acquisitions. The company expects to publish its final results for the year ended 30 April 2019 in July 2019.

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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