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Date Reports available Download
Dec 15
2005
Quester VCT 5
Initiation of coverage
Research type: Outlook
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Dec 14
2005
ZOO Digital Group
Breakthrough period
The period under review included a major breakthrough for the group; specifically the announcement in October that Disney had adopted ZOO’s DVD authoring software to create menus for its new and existing movie library. We regard this as a potentially seismic shift for ZOO. Management will seek to develop its US relationships and roll out this and related products to similar organisations in the US and worldwide. The $1m generated from this deal will fall in the H2 figures, and the interims reflect a step up in marketing within the US and higher R&D to evolve its technology portfolio to meet growing demand for its innovative DVD authoring software.
Research type: Quarterly Update - Interim Results
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4

page note available
Dec 13
2005
Eckoh
Time for plain speaking
Eckoh is the leading UK provider of hosted speech recognition technologies, serving the growing market of call centre and automated services. This is the area of strategic focus for Eckoh, as it continues to reshape from its current broad offering. Successful delivery of the restructuring could unlock material share value.
Research type: Outlook - Initiation of coverage
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2

page note available
Dec 12
2005
Fayrewood
Undervalued
Fayrewood’s trading statement demonstrates impressive revenue progress in a tough market despite any distraction caused by the recently aborted takeover talks. The drifting of the share price in recent weeks seems to have ignored the underlying value of the business. The present rating bears little relation to Fayrewood’s strong medium-term record, the resiliant being achieved in current markets, or the rating of its peer group.
Research type: Interim Review
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8

page note available
Dec 12
2005
IDOX
Public delivery
Full year profits were ahead of our forecast, reflecting management focus on costs and growing demand for IDOX’s product and services. With positive recent management additions, a solid demand backdrop and potential alliances, we maintain our forecasts and believe the shares are +20% undervalued.
Research type: Update - Full year results
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4

page note available

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