Broker Notes, Comments and Analysis

Broker notes, analysis and comments

Fidelity Asian Values: Kepler trust research June 2023 (LON:FAS)

Fidelity Asian Values plc (LON:FAS) has today announced that new research by Kepler Trust Intelligence has now been published. Overview Fidelity Asian Values (FAS) is a diverse portfolio of quality..

H&T Group: Pawnbroking’s current appeal

In our 15 March initiation, Pawnbroking royalty, with strong, profitable growth, we highlighted that H&T Group plc (LON:HAT) core is pawnbroking and related retail services operations. As other small-sum, short-term..

ICG Enterprise Trust: FY results proving the market-beating model again

ICG Enterprise Trust plc (LON:ICGT) reported another strong year to end-January 2023. The NAV per share was 1,903p, up from 1,690p in January 2022. The NAV total return was 14.5%,..

Equity analyst views on Challenger Energy, Ilika, Avation plc, Cerillion, Pennant International

In Analysts’ corner, DirectorsTalk brings you exclusive professional opinions from five of the leading equity research analysts on five growth companies listed on the AIM segment of the London Stock..

Chesnara: Nice little acquisition

Chesnara plc (LON:CSN) has announced its first acquisition of 2023. It is buying the onshore protection business from Canada Life’s UK business. This consists of 47,000 term assurance and critical..

Ilika plc Commercialisation is in the ascendency

Ilika Plc (LON:IKA) is the topic of conversation when we caught up with Liberum Equity Research Analyst, Sam Wahab. We asked Sam: What were the key points investors should be..

Cerillion value rises as sales, profits and pipeline all surge higher (Analyst Q&A)

Cerillion plc (LON:CER): DirectorsTalk caught up with Harold Evans, Senior Research Analyst, TMT at Singer Capital Markets for his views on Cerillion’s interim results for the six months ended 31..

Shield Therapeutics: Reassuring 1Q’23 Accrufer prescriptions

Shield Therapeutics plc (LON:STX) is a commercial-stage pharma company delivering specialty products that address patients’ unmet medical needs, with an initial focus on iron deficiency (ID). Since its US launch..

Avation Plc – Improving market dynamics makes 58% discount to NAV ‘unjustified’ (Analyst Q&A)

Avation PLC (LON:AVAP) is the topic of conversation when WH Ireland’s Deputy Head of Capital Markets, John Cummins, caught up with DirectorsTalk for an exclusive interview. Avation announced on 10th May that..

Surface Transforms: A major quantum production ramp up now secured

Surface Transforms plc (LON:SCE) final results were announced on 17 April, together with 1Q’23 sales and an update on the now rectified major production hiccough. In November 2022, SCE announced..

Cerillion plc record H1 suggests ‘upside’ in FY23E forecasts says Liberum analyst

Cerillion plc (LON:CER) is the topic of conversation with Ciaran Donnelly Equity Research at Liberum, following the company’s published interim results for the six months ended 31 March 2023. We..

Union Jack Oil Robust Financial Results and Exciting Operational Outlook

Union Jack Oil Plc (LON:UJO) is the topic of conversation when we caught up with Dan Slater, research Director at Zeus Capital. We asked: Union Jack Oil released this week..

Touchstone Exploration’s Q1 Results: On Track for Transformational Growth

Touchstone Exploration Inc. (TSX, LON:TXP) a Calgary, Alberta based company currently active in onshore properties located in the Republic of Trinidad and Tobago was the topic of conversation when we..

The International Stock Exchange: Resilient performance in difficult year

The International Stock Exchange (TISE) showed a resilient 2022 performance in tough conditions, with revenue flat, at £10m, and PBT down 13%, to £4.2m, driven by a fall in new..

City of London Investment Group: Positive markets offset by revenue margins

City of London Investment Group plc (LON:CLIG) has announced its trading update results for 3Q’23. The headline figures are positive, with FUM increasing 3%, from $9.15bn at December 2022 to..

Pennant International: WH Ireland Analyst Expects Significantly Increased Profitability

Pennant International Group (LON:PEN) is the topic of conversation when we caught up with WH Ireland Analyst Nick Spoliar. Pennant International has announced the acquisition of the rail services business,..

Cerillion plc: Growth and EBITDA margins materially higher than consensus, says Singer Capital (LON:CER)

Senior Research Analyst, Harold Evans, at Singer Capital has provided a positive commentary on Cerillion Plc‘s (LON:CER) recent H1 trading update, highlighting an impressive financial performance and very encouraging prospects..

Volta Finance: An easy guide to the benefits of CLOs

The industry-specific terminology associated with CLOs can give the impression of a complexity to the product that belies reality, and, in our view, is unhelpful to the Volta investment case...

Chesnara: Great cash flow in tough markets

Chesnara plc (LON:CSN) has announced its 2022 results. With weak equity markets and rising interest rates and credit spreads, the risk asset exposure weighed on results. Economic Value profit came..

Arbuthnot Banking Group: 2022 profits and growth in core and new franchises

Arbuthnot Banking Group plc (LON:ARBB) 2022 results delivered the expected strong profit and franchise growth (pre-tax profit up from £4.6m to £20m). Core business profitability increased primarily because of widening..

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