Broker notes, analysis and comments
AssetCo plc (LON:ASTO) has just completed its acquisition of River and Mercantile Group “RMG”, which has resulted in an increase in shares in issue from 8.4m to 14.4m. RMG has..
Tatton Asset Management plc (LON:TAM) results to March 2022 are in line with its April trading update, confirming profitable growth with high retention. Headlines are: ¨ Assets under management (“AUM”)..
Castings plc (LON:CGS) FY22 results show a marked recovery on the pandemic impacted FY21 numbers with volumes broadly in line with pre-Covid levels, albeit c.5% below FY19 peak. Revenue increased..
OnTheMarket plc (LON:OTMP) full year results to January 2022 are in line with the February trading update: ¨ 32% rise in revenue to £30.4m (FY21: £23.0m); ¨ 12% rise in..
Strong trading continues Safestyle UK plc (LON:SFE) trading has remained strong with revenue in the four months to the end of April up 6.7% yoy. This includes cyber-attack impacted weeks..
ICG Enterprise Trust plc (LON:ICGT) reported another strong year, with an NAV per share total return of 24.4%, its 13th consecutive year of double-digit NAV growth. It materially outperformed the..
CMD 2022 tinyBuild plc (LON:TBLD) provided deeper insight into its business by presenting how it manages each step required to release a game from discovery to marketing and distribution. The..
With Bank North having obtained its banking licence and progressing through its mobilisation period, this report updates investors on its rapid lending rollout – currently running better than plan in..
Zeus believes Wincanton plc (LON:WIN) business model is attractive for these inflationary and uncertain times. Over 70% of its logistics contracts are open book, generating modest but steady margins, and..
DWF Group plc (LON:DWF) has announced it is on track to deliver our FY22 adjusted PBT forecast despite some challenges particularly on utilisation during H2. Lock up days also continue..
2021 was a transformational year for Likewise Group plc (LON:LIKE) as it gained scale and became the clear number two player in the floor covering distribution market. Revenue increased 28%..
In previous notes, we have repeatedly outlined why we believe Real Estate Credit Investments Ltd (LON:RECI) shows resilience against inflation, interest rate increases and inflation risk (inter alia, see Experience..
The International Stock Exchange (TISE) had a very strong 2021: revenues were up 19% and profit before tax was up 29%, driven by an increase in listings. These figures were..
CentralNic Group plc (LON:CNIC) published Adjusted EBITDA slightly ahead of previously flagged estimates. The Online Marketing division grew 83% organically, up from 65% growth in 2021. Divisional KPIs indicate both..
Chesnara plc (LON:CSN) has announced its 2021 full-year results. The headline figures are good, with Economic Value earnings of £57.8m. Within this, there were strong positive results from economic variances...
Epwin Group plc (LON:EPWN) AGM statement indicates that trading in the first four months of the year has remained strong and followed the trends seen at the end of the..
On 4 May 2022, Helen Steers, Partner and Manager of Pantheon International plc (LON:PIN), joined Hardman & Co for an open forum discussion about the role of private equity (PE)..
Union Jack Oil plc (LON:UJO) is the topic of conversation when DirectorsTalk Interviews caught up with Arden Partners Research Director Daniel Slater. Union Jack Oil recently published its full year..
Shoe Zone plc (LON:SHOE) H1 results confirm a strong recovery in store sales and a bounce back in profitability, benefitting from 26 weeks of uninterrupted trading. The Group is now..
Xpediator plc (LON:XPD) has re-hired Richard Myson as Group CFO to build back the Board and improve financial management, following various recent senior resignations. This is welcome news. Richard previously..
