Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors
Markets

Week Ahead: CAP-XX Ltd seeing interest from IoT operators

Super-capacitor specialist CAP-XX, which issues results on Wednesday, has been on a good run of late.
Internet of Things
IoT - otherwise known as the Internet of Things

Super-capacitor specialist CAP-XX, which issues results on Wednesday, has been on a good run of late.

The shares were among the top risers last week after the company licensed its technology to a US manufacturer, AVX.

AVX is licensing CAP-XX's patents on a non-exclusive basis for a range of prismatic and cylindrical super-capacitor sizes.

The UK firm expects to receive licence fees in advance over a three year period plus a 5% royalty for the life of the patents, based on the number of sales AVX racks up of products that use CAP-XX's intellectual property.

At its annual general meeting in October the chairman, Pat Elliot, said the board had been very encouraged by interest from customers operating in the so-called Internet of Things sector in its small super-capacitors..

Medical diagnostic testing kits maker Akers Biosciences is also reporting on Wednesday and it too recently had news on patents.

The company revealed last week it had been granted a US patent for the technology that is at the heart of a test that detects an allergy to the blood-thinning drug Heparin.

Third quarter results, released in November, showed a drop in revenue to $169,473 from $359,980 in the third quarter of 2014, reflecting lower than usual depletion of stocks of its PIFA Heparin/PF4 Rapid tests by distributors in the summer months.

Shareholders will be hoping that, as hoped by the company, demand returned to more normal levels at the end of the year.

Wednesday is looking like a crowded day for results from interesting companies, as marketing analytics specialist Ebiquity (LON:EBQ) is also set to report that day.

The most recent update from the company, back in January, was positive, and a fitting swan-song for Michael Greenlees, who has been succeeded as chief executive officer by Dr Michael Karg.

Wednesday's full-year results provide Karg with the opportunity to lay down a few pointers and markers regarding future strategy.

Broker Numis Securities is predicting profit before tax of £11.1mln, up from £8.2mln the year before, and earnings per share of 10.7p, versus 7.5p the year before.


Significant announcements expected


Monday

Easter Monday holiday in the UK

Economic: UK – Nationwide House Price Index; US – Personal Spending & Income, Pending Home Sales

Tuesday

Interim: Artilium PLC (LON:ARTA)

Economic: EU – M3 Money Supply; US – S&P/Case-Shiller Home Price Index, Consumer Confidence

Wednesday

Finals: Akers Biosciences Inc (LON:AKR, NASDAQ:AKER), Cathay International Holdings Ltd (LON:CTI), Ebiquity (LON:EBG), Learning Technologies Group (LON:LTG), XLMedia PLC (LON:XLM)

Interims: CAP-XX Ltd (LON:CPX), Diurnal Group PLC (LON:DNL)

Economic: EU – Consumer Confidence, Services Sentiment, Industrial Confidence, Business Climate; US – MBA Mortgage Applications, ADP Employment Change, EIA Crude Oil Stockpiles

Thursday

Finals: Globaltrans Investment PLC (LON:GLTR), Sierra Rutile Ltd (LON:SRX), Wireless Group PLC (LON:WLG)

Interims: James Halstead PLC (LON:JHD)

Trading statement: CMC Markets PLC (LON:CMCX), Electrocomponents PLC (LON:ECM),TUI AG (LON:TUI)

The following widely-held stocks are trading ex-dividend: Smith (LON:DS) PLC, Old Mutual PLC, Foreign & Colonial Investment Trust PLC, Moneysupermarket.com PLC, InterContinental Hotels Group PLC, Interserve PLC, British Land PLC

Economic: UK – Gfk Consumer Confidence, Net Lending to Individuals, Gross Domestic Product, Mortgage Approvals, M4 Money Supply; EU – Consumer Price Index; US – Weekly Jobless Claims

Friday

Economic: UK – Markit Manufacturing; EU – Markit Manufacturing; US – Non-farm Payrolls, Unemployment Rate, Reuters/Michigan Consumer Sentiment, ISM Manufacturing

John-H.jpg

© Proactive Investors 2016

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.