28 September 2016

smartFOCUS agrees £25.3m US bid

11/04/11 Miles Nolan

Marketing software outfit smartFOCUS (STF) has accepted a £25.3 million cash offer, backed by leading technology investor Francisco Partners.

The firm making the offer is newly incorporated Emailvision Holdings, but this is the holding company of the Emailvision Group - a worldwide leader in on-demand software with over 3,000 clients worldwide. AIM quoted smartFOCUS has had a patchy record since joining the market in 2004, but is a global provider of email and multi-channel marketing.

It provides detailed analysis and customer insight and in the year to 31 December boosted sales 17 per cent to £13.9 million as pre-tax profits soared 78 per cent to £872,000. The 25p a share cash bid represents a 61.3 per cent premium to the closing price on Friday, and has already received acceptances from 51.7 per cent of shareholders.

Growth Company Investor suggested backing the shares at 19p last March, so the news today is a welcome outcome for shareholders. Prior to the bid house broker Arbuthnot was forecasting 2011 pre-tax profits of £1.09 million and EPS of 0.8p. The recommended offer represents an exit multiple of just over 31 times earnings. Accept.

Tags: AIM market, Arbuthnot Securities, Cash bid, Francisco Partners

Cash Shells 2015

Published in September 2015 this annual research report provides a comprehensive overview of cash shells on the Main Market, AIM and PLUS landscape. Order your copy today

 

Superb investment toolkit for private investors

SharePad is the new web-based service from ShareScope. Easier to use and more powerful. Perfect for tablets, Macs and Windows PC. Covers ALL your investment requirements.

Growth Company Investor: free trial

Since 2008, our share tips outperformed the benchmark by 281%. Take a free trial and get access to our recommendations today. Start free trial now.

Directors' Pay on AIM 2015

The most comprehensive review of AIM directors' pay available, and this year includes a record sample of 1000+ AIM-quoted companies. The full report is available to order for £385 + VAT. Click here for more info

 

Latest small-cap and growth company news

Daily coverage of small-cap company stocks on London's junior markets AIM and PLUS, breaking news, stock research and latest share price information for investors. Full sector coverage with all the latest news on smaller listed companies, updated several times a day with financial reports, trading statements and links to further web resources.

Popular News

Latest News

Change at the top of Clinigen 28/09/16

Fast-growing specialist healthcare company Clinigen has announced a change of CEO alongside its annual results. Peter George is to step down but will remain on the board as a non-executive director. His deputy Shaun Chilton steps up to the CEO’s chair.

A gold medal ingredient 22/09/16

It’s hard work building a consumer brand, but Science in Sport is giving it a good go. The company has developed a range of sports nutrition products which have credibility from elite athlete users who won 34 medals at Rio.

A solid year at Brooks MacDonald 21/09/16

Fund manager Brooks MacDonald has recorded a solid year of asset growth. Funds under management grew by almost 12 per cent overall, which was a good result against a tricky market backdrop.

Styles & Wood upgraded on deal 21/09/16

Styles & Wood shares have doubled in value over the last six months as the strategy to diversify the customer base and focus on profits rather than revenue growth has gained momentum. A good set of interim results has just been followed by an earnings-enhancing acquisition.

Where's the beef? 15/09/16

Crawshaw Group shares have come crashing back to earth following a profit warning. When a highly rated growth stock hits an air pocket you run the risk of a big correction and the shares have fallen 40 per cent today.

Safestay hurt by downgrade 13/09/16

Hostel operator Safestay has released a slightly disappointing set of interim figures. Rather than becoming profitable this year there is now likely to be a small loss and the market has consequently cut back profit forecasts for the following years.

More News