http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Thu, 26 Apr 2018 12:08:23 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Trading Update ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20180419070002_13610159/ Thu, 19 Apr 2018 16:00:02 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20180419070002_13610159/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20180329141523_13587361/ Fri, 30 Mar 2018 00:15:23 +1100 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20180329141523_13587361/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20180327144118_13583485/ Wed, 28 Mar 2018 00:41:18 +1100 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20180327144118_13583485/ <![CDATA[RNS press release - Notice of Capital Markets Day ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20180315070002_13567478/ Thu, 15 Mar 2018 18:00:02 +1100 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20180315070002_13567478/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20180305102631_13554521/ Mon, 05 Mar 2018 21:26:31 +1100 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20180305102631_13554521/ <![CDATA[RNS press release - Issue of Equity ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20180221091550_13540624/ Wed, 21 Feb 2018 20:15:50 +1100 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20180221091550_13540624/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20180209121144_13528255/ Fri, 09 Feb 2018 23:11:44 +1100 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20180209121144_13528255/ <![CDATA[RNS press release - Total Voting Rights ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20180202144858_13520314/ Sat, 03 Feb 2018 01:48:58 +1100 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20180202144858_13520314/ <![CDATA[RNS press release - Acquisition ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20180201070011_13517244/ Thu, 01 Feb 2018 18:00:11 +1100 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20180201070011_13517244/ <![CDATA[RNS press release - Trading Update ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20180131070003_13515338/ Wed, 31 Jan 2018 18:00:03 +1100 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20180131070003_13515338/ <![CDATA[RNS press release - Directorate Change ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20180123070005_13505381/ Tue, 23 Jan 2018 18:00:05 +1100 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20180123070005_13505381/ <![CDATA[RNS press release - Change of Name ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20171129080101_13447394/ Wed, 29 Nov 2017 19:01:01 +1100 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20171129080101_13447394/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20171128090629_13445994/ Tue, 28 Nov 2017 20:06:29 +1100 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20171128090629_13445994/ <![CDATA[RNS press release - Change of Name ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20171128070101_13445576/ Tue, 28 Nov 2017 18:01:01 +1100 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20171128070101_13445576/ <![CDATA[RNS press release - Half-year Report ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20171128070003_13445477/ Tue, 28 Nov 2017 18:00:03 +1100 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20171128070003_13445477/ <![CDATA[RNS press release - Trading Update ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20171016070004_13396982/ Mon, 16 Oct 2017 17:00:04 +1100 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20171016070004_13396982/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20171011172525_13393867/ Thu, 12 Oct 2017 03:25:25 +1100 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20171011172525_13393867/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170919170455_13368303/ Wed, 20 Sep 2017 02:04:55 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170919170455_13368303/ <![CDATA[RNS press release - Sector Reclassification ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170914070002_13362180/ Thu, 14 Sep 2017 16:00:02 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170914070002_13362180/ <![CDATA[RNS press release - Notification of Change of Auditor ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170913103612_13361358/ Wed, 13 Sep 2017 19:36:12 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170913103612_13361358/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170817143354_13333834/ Thu, 17 Aug 2017 23:33:54 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170817143354_13333834/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170815113213_13330494/ Tue, 15 Aug 2017 20:32:13 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170815113213_13330494/ <![CDATA[RNS press release - EXERCISE OF SHARE OPTION ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170804100001_13319793/ Fri, 04 Aug 2017 19:00:01 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170804100001_13319793/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170803163000_13318983/ Fri, 04 Aug 2017 01:30:00 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170803163000_13318983/ <![CDATA[RNS press release - Result of AGM ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170725154716_13307095/ Wed, 26 Jul 2017 00:47:16 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170725154716_13307095/ <![CDATA[RNS press release - Trading Update ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170725070002_13305775/ Tue, 25 Jul 2017 16:00:02 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170725070002_13305775/ <![CDATA[RNS press release - Annual Report and Accounts ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170626103813_13272844/ Mon, 26 Jun 2017 19:38:13 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170626103813_13272844/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170621165745_13268842/ Thu, 22 Jun 2017 01:57:45 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170621165745_13268842/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170613101529_13258580/ Tue, 13 Jun 2017 19:15:29 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170613101529_13258580/ <![CDATA[RNS press release - Final Results ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170606070003_13249924/ Tue, 06 Jun 2017 16:00:03 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170606070003_13249924/ <![CDATA[RNS press release - Trading Update ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170419070008_13196295/ Wed, 19 Apr 2017 16:00:08 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20170419070008_13196295/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20161214120301_013067058/ Wed, 14 Dec 2016 23:03:01 +1100 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20161214120301_013067058/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20161205093653_013056181/ Mon, 05 Dec 2016 20:36:53 +1100 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20161205093653_013056181/ <![CDATA[RNS press release - Appointment of Chairman Designate ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20161129070106_013049308/ Tue, 29 Nov 2016 18:01:06 +1100 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20161129070106_013049308/ <![CDATA[RNS press release - Half-year Report ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20161129070009_013049221/ Tue, 29 Nov 2016 18:00:09 +1100 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20161129070009_013049221/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20161018115233_013004772/ Tue, 18 Oct 2016 21:52:33 +1100 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20161018115233_013004772/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20161017113942_013002972/ Mon, 17 Oct 2016 21:39:42 +1100 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20161017113942_013002972/ <![CDATA[RNS press release - Trading Update ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20161013070007_012999098/ Thu, 13 Oct 2016 17:00:07 +1100 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20161013070007_012999098/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20160812135419_012929912/ Fri, 12 Aug 2016 22:54:19 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20160812135419_012929912/ <![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20160810140828_012926587/ Wed, 10 Aug 2016 23:08:28 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20160810140828_012926587/ <![CDATA[RNS press release - Result of AGM ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20160726121336_012906657/ Tue, 26 Jul 2016 21:13:36 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20160726121336_012906657/ <![CDATA[RNS press release - Trading Statement ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20160726070007_012905681/ Tue, 26 Jul 2016 16:00:07 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20160726070007_012905681/ <![CDATA[News - Acal expects to make further progress this year ]]> http://www.proactiveinvestors.com.au/companies/news/128606/acal-expects-to-make-further-progress-this-year-128606.html The recent slump in the value of sterling is likely to prove beneficial to Acal Plc (LON:ACL), the leading supplier of customised industrial electronics.

With around four-fifths of the group’s revenue generated outside of the UK, the group said it expected the translation impact of sterling’s recent depreciation, if it is sustained, would more than offset any increased imports costs.

In a trading update covering the first quarter of the company’s financial year, Acal said profits were in line with expectations during the period and the group’s outlook for the year remains unchanged.

Sales in the April-June period were slower than in the previous year, although margins were higher, but this will not have surprised the market as Acal had flagged this up at the beginning of June when it released its full-year results.

Since the end of June, orders have moved ahead of the corresponding month of last year with a positive book-to-bill ratio.

Management has decided to close three Nordic manufacturing facilities and transfer production to lower cost facilities within the group, thereby reducing operating costs.

Turning to the subject of the impact of Britain’s vote to exit the European Union, Acal said that while it is too early to determine the full impact of “Brexit”, it expects to make further progress during the year.

Watch: Acal keeps growing despite BREXIT-based caution, says chief In-depth: ACAL says headwinds will recede after strong financial performance ]]>
Tue, 26 Jul 2016 07:22:00 +1000 http://www.proactiveinvestors.com.au/companies/news/128606/acal-expects-to-make-further-progress-this-year-128606.html
<![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20160720094416_012899458/ Wed, 20 Jul 2016 18:44:16 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20160720094416_012899458/ <![CDATA[RNS press release - Notice of Trading Update ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20160707070007_012883308/ Thu, 07 Jul 2016 16:00:07 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20160707070007_012883308/ <![CDATA[RNS press release - EXERCISE OF SHARE OPTION ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20160617090002_012858395/ Fri, 17 Jun 2016 18:00:02 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20160617090002_012858395/ <![CDATA[RNS press release - Annual Report and Accounts ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20160617070008_012857848/ Fri, 17 Jun 2016 16:00:08 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20160617070008_012857848/ <![CDATA[RNS press release - Final Results ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20160601070007_012836104/ Wed, 01 Jun 2016 16:00:07 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20160601070007_012836104/ <![CDATA[News - ACAL says headwinds will recede after strong financial performance ]]> http://www.proactiveinvestors.com.au/companies/news/126585/acal-says-headwinds-will-recede-after-strong-financial-performance-126585.html ACAL PLC (LON:ACL) said it expects the “challenging” trading conditions to abate in the second half of the financial year as it gave an optimistic assessment of the prospects.

The supplier of customised electronics also revealed it has around £20mln of funding available for further acquisitions after spending £22mln on three deals in the 12 months to March 31.

The update came alongside full-year results, which revealed the group to be performing well despite the headwinds caused by currency movements.

Revenues for the period ended March were up 6% at £287.7mln, or 14% at constant exchange rates, while underlying operating profit advanced 36% to £13.6mln once adjusted for the weakness of the euro and Nordic currencies.

IN DEPTH: ACAL in a good place, says CEO

ACAL is now generating more than 50% from its value-added design and manufacturing division, which is reflected in the operating margin of 5.7%, which has almost doubled in the last two years.

It is sitting on a record order book of £85mln, while net debt is a tad over £38mln. The latter figure shouldn’t be a worry as the company is converting all its operating profits into cash.

Investors are being rewarded with a dividend of 8.05p, up 6% on a year ago and representing a yield of just over 3% at the current share price.

Chief executive Nick Jefferies said ACAL had delivered a “strong set of results”, adding: “We are building a highly differentiated, international electronics business, supplying essential technologies to growth markets, and are confident of making further progress in the year ahead."

A large and growing customer base 

ACAL designs, manufactures and distributes electronic products to around 20,000 industrial manufacturers around the world.

This includes supplying temperature sensors for coffee machines, customised transformers for healthcare CT scanners and cable assemblies for stair lifts.

Its key markets are in Europe, with increasing presence in the US and Asia.

What the boss says:

On the business...

“The business is performing, it’s very solid, it has relatively stable revenue patterns and we just need to keep on doing what we do, keep pushing it, keep developing it, keep buying good complimentary businesses where we can get sales and operating synergies, and it will keep driving shareholder value”

On growth...

“Growth organically has been reasonable in difficult markets but we’ve managed to maintain operating margins and that has really boosted profitability”

Room for growth 

At 1pm the shares were steady at 261.28p, valuing the business at £167mln.

Reiterating its ‘buy’ recommendation, the City broker finnCap said the shares are worth 339p each.

“We believe double-digit earnings growth can be sustained into the medium term,” said analyst Guy Hewitt.

He sees revenues growing to £297mln this year and then to £326mln and £341mln, giving adjusted operating profits respectively of £19.5mln, £23.5mln and £25.5mln.

 

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Wed, 01 Jun 2016 07:34:00 +1000 http://www.proactiveinvestors.com.au/companies/news/126585/acal-says-headwinds-will-recede-after-strong-financial-performance-126585.html
<![CDATA[RNS press release - Holding(s) in Company ]]> http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20160418173509_012781930/ Tue, 19 Apr 2016 02:35:09 +1000 http://www.proactiveinvestors.com.au/companies/rns/3616/LSE20160418173509_012781930/