Broker notes, analysis and comments
Allergy Therapeutics plc (LON:AGY) is a long-established specialist in the prevention, diagnosis and treatment of allergies. Pollinex Quattro (PQ) is an ultra-short-course subcutaneous allergy immunotherapy (SCIT) platform, which continues to..
What’s new: Yesterday, Purplebricks Group plc (LON:PURP) sold their Canadian business (acquired in July 2018) for all cash proceeds of CAN $60.5m (i.e. £35m or 11p a share). Following the..
What’s new: On 13 July, at its EGM, shareholders approved City of London Investment Group plc (LON:CLIG) all share acquisition of Karpus Management Inc, “KMI”. On 14 July CLIG’s update..
The healthy liquidity position of Palace Capital plc (LON:PCA) takes risks down to a modest level, as does the overweight to regional offices and minimal shops. The Hudson Quarter mixed-development..
Vertu Motors plc (LON:VTU) has reported a strong performance for the month of June, following the reopening of all showrooms in England from 1 June and 12 Scottish showrooms reopening..
Yew Grove REIT plc (LON:YEW) invests in office and industrial assets in RoI. Tenants are creditworthy, 95% multinational or governmental; this RoI regional-income REIT invests in assets that support rising..
Key takeaways from Non-Standard Finance PLC (LON:NSF) results and presentation were: i) solid underlying 2019 with normalised operating profits up 20% and lower impairments to revenue; ii) £60m cash now..
ICG Enterprise Trust plc (LON:ICGT), the 39-year listed private equity (PE) investor, has delivered a total NAV return of 178% over 10 years (comparable FTSE All Share return 61%). Since..
DWF Group plc (LON:DWF) has issued a trading update showing positive momentum during the first two months of the new financial year. We are re-instating our financial forecasts assuming modest..
Independent review launched: Boohoo Group plc (LON:BOO) has announced the launch of an immediate independent review of its UK supply chain, intended to identify any areas of risk and non-compliance..
What’s new: Since 27 April 2020, when OnTheMarket plc (LON:OTMP) started offering new “welcome contracts” almost 500 estate agent branches have signed up, with each business owner receiving welcome shares..
Advanced Oncotherapy (LON:AVO) goal is to deliver an affordable and novel proton therapy (PT) system, called LIGHT, based on state-of-the-art technology developed originally at the world-renowned CERN. Over the past..
CentralNic Group (LON:CNIC) CMD gave us new positive insights into the company’s investment case. CentralNic’s organic growth is stronger than we thought, the Direct division generates high ROI, the monetisation..
Serinus Energy plc (LON:SENX) is the topic of conversation when we caught up with Arden Partners analyst Daniel Slater. Daniel you’ve just published a note on Serinus Energy regarding a..
Sumo Group plc (LON:SUMO) provided a solid update, stating that trading was “comfortably in line with market expectations”. Sumo plans to accelerate acquisitions since recruitment is expected to “remain challenging..
What’s new: OnTheMarket plc (LON:OTMP) is extending its “COVID-discount” which was due to expire on 25 July for a further 2 months to 25 September 2020. The discount will remain..
In this note, we review B-North’s core competitive advantages. We consider how the COVID-19 crisis has i) affected the competitive environment, if anything improving the long-term outlook, ii) affected operational..
Incanthera plc (NEX:INC) is a spin-out from the Institute of Cancer Therapeutics (ICT) at the University of Bradford to exploit development opportunities generated by ICT. This has provided the company..
Today’s Boohoo Group plc (LON:BOO) statement reveals incredibly robust Q1 trading across the Group’s brands and regions, with a positive outlook and guidance reinstated for the remainder of the financial..
What’s new: Tatton Asset Management plc (LON:TAM) results for the year to 31 March 2020, were as indicated by its 21 April update: “in line with analysts’ forecasts”. Highlights are:..
