No sure thing but there’s lots of space out there

Financial Mail - Investors Monthly - - Analysis -

Poynting has reached an in­ter­est­ing junc­ture af­ter sim­pli­fy­ing its op­er­a­tional struc­ture. It sold off its loss­mak­ing com­mer­cial cel­lu­lar end user an­ten­nas (CCS) and new busi­ness arm (SkunkWorks) to for­mer CEO An­dré Fourie.

The new-look busi­ness now com­prises two seg­ments. The big­gest is the core De­fence & Spe­cialised di­vi­sion (DS), which de­signs and man­u­fac­tures broad­band an­ten­nas for global clients that op­er­ate mainly in the de­fence and home­land se­cu­rity mar­ket space, as well as sys­tem in­te­gra­tors and fre­quency spec­trum reg­u­la­tors. The di­vi­sion’s of­fer­ing was re­cently en­hanced by the ac­qui­si­tion of US-based An­tenna Re­search As­so­ciates (ARA) for $5m.

Poynting also plays in the elec­tronic me­dia space via Au­com, which pro­vides so­lu­tions for ra­dio and tele­vi­sion broad­cast­ers (with spe­cific ex­per­tise in dig­i­tal tele­vi­sion dis­tri­bu­tion, mul­ti­screen and over-the-top sys­tems).

The re­vised pitch to in­vestors is the re­li­able churn of a de­fence-aligned an­tenna busi­ness mixed with the po­ten­tial of the dig­i­tal tele­vi­sion ap­pli­ca­tions.

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