Broker notes, analysis and comments
Haydale Graphene Industries PLC (LON:HAYD) commercial traction is improving, medium-term financial issues have now been addressed, and the refocusing and re-orientating of the business with a major cost-saving programme is..
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 (AIT) platform, which continues..
The key Pantheon International (LON:PIN) results message was “more of the same”, including: i) market-beating core NAV growth (known given previous disclosures); ii) strong EBITDA growth in underlying companies; iii)..
2019 results were announced on 12 February. 90% of Primary Health Properties PLC (LON:PHP) income is backed by the UK or RoI governments. Occupancy consistently exceeds 99%. We are confident..
Diurnal Group PLC (LON:DNL) is a commercial-stage specialty pharmaceutical company focused on diseases of the endocrine system. Its two lead products are targeting rare conditions where medical need is currently..
Burford Capital Limited (LON:BUR) recently released its first-ever trading statement, covering cash activity in 2019. Group-wide commitments set a new record of $1.57bn, a 24% increase. Overall deployments were almost..
Initiation of our coverage was 16 March 2016 at 101.5p. In February 2018, the price was 215p and it stayed north of £2 for another year. In fiscal 2019, though,..
City of London Investment Group (LON:CLIG) has announced its interim results for 1H’20. Several of the key figures were announced in the January trading statement, so the main interest is..
Arix Bioscience PLC (LON:ARIX) is a listed global venture capital (VC) company that presents an opportunity for institutional and retail investors to participate in the high risk-return profile of early-stage..
Neodecortech (NDT) performed well in 2019, in our view, against a difficult economic backdrop with trading picking up in 2H after a tricky 1H. The immediate outlook for 2020 remains..
The Advanced Oncotherapy PLC (LON:AVO) goal is to deliver an affordable and novel proton beam therapy (PBT) system, based on state-of-the-art technology developed originally at the world-renowned CERN. In the..
The recent trading update revealed sustained challenging markets. Chamberlin (LON:CMH), however, is still on track strategically, and the group continues to develop its product offering most favourably. The group has..
What’s new: City of London Investment Group (LON:CLIG) has published its interim results for the 6 months to 31 December 2019, which are in line with the detailed trading update released..
The new resource estimate for the Mariana lithium brine deposit in Argentina transforms its potential into a world-class project in which International Lithium Corp (CVE:ILC) has a 13.7% share (and..
CentralNic Group PLC (LON:CNIC) have released a positive trading update this morning, confirming trading for 2019 to be in line with expectations. We update forecasts to reflect the successful completion..
Tissue Regenix Group (LON:TRX) has a broad portfolio of regenerative medicine products for the biosurgery, orthopaedics, dental and cardiac markets. It has two proprietary decellularisation technology platforms for repair of..
We had the opportunity to look at Vertu Motors (LON:VTU) bespoke systems capability, which have been built from scratch and evolved since inception of the Group in 2006. We believe..
In this note, we remind investors of Volta Finance (LON:VTA) attractions and risks, focus on how it generates the cash to pay the dividend, and look at some of the..
DWF Group (LON:DWF) hosted a Capital Markets Day yesterday, focused on two of its growth engines; its Managed Services proposition and its International growth strategy. We believe Managed Services is..
GYG (LON:GYG) has released a full year trading update confirming that it has traded comfortably ahead of our forecast expectations to 2019E. This proved to be a transformational year for..
