Broker notes, analysis and comments
tinyBuild plc (LON:TBLD) – Solid results, strong pipeline, rising resilience and high-value acquisition: Revenue was $18.6m, in line with expectations. H1 revenue represents 38% of our full year forecast, indicating an..
Pendragon plc (LON:PDG) has announced interim results for the six months to 30 June 2021, which are ahead of guidance and our expectations. The Group has made strong progress in..
Epwin Group plc (LON:EPWN) half year pre-close trading update six weeks ago led to a c. 20% increase in ZC FY21 profit expectations. Today’s interim results confirm that trading has..
With UK Pensions Awareness Day taking place on 15 September 2021, in this note, we explore the reasons why PE, and ICG Enterprise Trust plc (LON:lCGT) in particular, may be..
Last week Lookers plc (LOOK) announced a record set of H1 results for the six months to 30 June 2021. Underlying PBT was £50.3m, versus an underlying loss of £36.5m..
Oakley Capital Investments Limited (LON:OCI) results were strong, with i) an annual total NAV return of 26% (11% in six months), ii) average annual portfolio company EBITDA growth of 35%..
1H21 results from Neodecortech (NDT) confirmed the trend of the first quarter. Revenue was up 41% vs. 1H20, but, more tellingly, it was up 21% vs. 1H19, demonstrating the strength..
Xpediator plc (LON:XPD) has reported strong H1 earnings with revenue up c.27% and adjusted PBT up c.74%; results were in line with our estimates. Revenue growth was strong across all..
Yew Grove REIT plc (LON:YEW) invests in office and industrial assets in the Republic of Ireland (RoI). RoI was the best-performing European economy in 2020, with inward investment from multinationals,..
BBGI Global Infrastructure SA (LON:BBGI) is a diversified social infrastructure investment company, registered in Luxembourg, and a FTSE 250 constituent. Its portfolio consists of long-term and low-risk essential social infrastructure..
Flowtech Fluidpower plc (LON:FLO) interim results to 30th June are in line with the comprehensive trading update (8th August) showing a good recovery in underlying demand from pandemic hit H1 ‘20. Revenue..
Ulisse BioMed (UBM) has developed three technology platforms that offer great potential, having wide applications in molecular diagnostics and immunoassay. Its most developed product – a polymerase chain reaction (PCR)..
Recent news from Symphony Environmental plc (LON:SYM) has been positive. In mid-July, the Group said that trading for the interim period had been strong. Separately, Symphony received U.S. Food and..
Surface Transforms plc (LON:SCE) has announced another contract win. The Group will provide discs for OEM 5, an existing customer, for an upgraded model of an ICE vehicle with start-of-production..
Oncimmune Holdings plc (LON:ONC) drew attention to the pre-publication of new research demonstrating how the use of its EarlyCDT-Lung Test, for diagnosing early stage lung cancer, has been shown to..
Shield Therapeutics plc (LON:STX) is a commercial-stage pharmaceutical company delivering specialty products that address patients’ unmet medical needs, with an initial focus on treating iron deficiency (ID). Accrufer® has just..
Sportech plc (LON:SPO) has announced plans to return £36m surplus cash to shareholders by way of a tender offer, at 40p for up to 47% of the issued share capital...
Vertu Motors plc (LON:VTU) has delivered another earnings upgrade driven by strong ongoing used car margins, in what is effectively an early delivery of the H1 pre-close update. Dividend payments..
Pantheon International plc (LON:PIN) buyout company sample reported FY’21 weighted average revenue and EBITDA growth of 13% and 20%, respectively, outperforming the MSCI World Index by 23% and 41%. Picking..
The key highlight from 1H’21 is that Arbuthnot Banking Group plc (LON:ARBB) is back on track. To quote from the Chairman’s statement: “The growth trajectory of the loans …. should..
