Broker notes, analysis and comments
CentralNic Group plc (LON:CNIC) has agreed to acquire Codewise, which consists of Zeropark, a monetisation business similar to Team Internet, and Voluum, a complementary online marketing SaaS provider. CentralNic is..
Real Estate Credit Investments Ltd (LON:RECI) released its quarterly investor update on 17 August and factsheet on 8 September. This note updates investors with the key developments in both these..
MORhomes (MH) is a pooled borrowing vehicle for housing associations (HAs). It offers its HA borrowers a flexible experience, rapid access to funds and potentially lower-cost funding. To its Social..
Neodecortech (NDT) shut its main plants for several weeks in March/April, but has traded strongly since reopening. We have cut our 2020 forecasts significantly, but see 2021 bouncing back close..
OnTheMarket plc (LON:OTMP) has announced record leads to advertisers during August 2020 and increased cash balance of £10m. Key points are: OnTheMarket delivered more than 2m leads in August 2020..
DWF Group plc (LON:DWF) final results were well flagged in the last trading update, with adjusted EBITDA coming in slightly ahead of our forecast. The decision to pay a final..
We called our 6 July initiation Outperformance through every stage of cycle. In this note, we explore ICG Enterprise Trust plc (LON:ICGT) resilience to a downturn in more detail. We..
Flowtech Fluidpower plc (LON:FLO) interim results provide detail to the comprehensive update released in late July (28th). The business traded profitably in each month of H1 apart from April, despite..
Artificial Solutions’ 2Q results confirmed high levels of resilience, posting YoY revenue growth of 22%. Within this metric, usage revenue continued to shine, up 80% YoY in 2Q, representing a..
Cambria Automobiles plc (LON:CAMB) has issued its Pre-Close Update indicating that it has seen a good recovery post lockdown from June, and appears to be consistent with what other operators..
Accrol Group Holdings plc (LON:ACRL) has announced audited Final Results for the year ended 30 April 2020, which show strong progress on a YOY basis and are ahead of our..
Over 10 years, Oakley Capital Investments (LON:OCI) has delivered a 156% total NAV return. Its investments in Oakley Capital’s (Oakley) private equity (PE) funds have delivered total realised returns of..
Escape Hunt plc (LON:ESC) offers high ROI and was growing rapidly ahead of lockdown. The company raised £4.3m in July to continue its rollout of new sites. We provide three..
GYG plc (LON:GYG) H1 trading update shows 12% decline in revenues for H1 2020 YOY due to COVID, with adjusted EBITDA ahead by €0.1m to €1.6m YOY driven by a..
Vertu Motors plc (LON:VTU) has reported robust trading across the month of July, building on the strong trend seen over June. A July adjusted PBT of £7.4m (including £0.7m of..
Marshall Motor Holdings plc (LON:MMH) has announced H1 results, which were largely impacted by lockdown through key months of the year. Despite the obvious challenges, the cash performance has remained..
The key results message was the outlook, where Pantheon International plc (LON:PIN) is “generally well placed to withstand and, in certain cases, to benefit during a period of significant economic..
Serinus Energy plc (LON:SENX) is the topic of conversation when Research Director at Arden Partners Daniel Slater joins DirectorsTalk. Serinus Energy have published H1 2020 results, Daniel what did you..
Following on from AXA IM’s published Volta Finance Ltd (LON:VTA) monthly report for July, DirectorsTalk caught up with Andrew Worne of Cenkos Securities Plc who highlighted to us that despite..
Diurnal Group plc (LON:DNL) is a commercial-stage specialty pharmaceutical company focused on diseases of the endocrine system. Its products are targeting rare conditions where medical need is currently unmet, with..
