Broker notes, analysis and comments
“The focus for the next few years is on relatively modest investment and on driving return on assets towards our medium-term target of 20% for each division”. So said Non-Standard..
Allergy Therapeutics (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 to..
We note the announcement this morning from Vertu Motors (LON:VTU) confirming the acquisition of four Volkswagen Passenger car dealerships in West Yorkshire. We also note an update on a number..
City of London Investment Group (LON:CLIG) has announced a trading update for 2Q’20. At the end of December, FUM had grown to $6.01bn, a 13% increase over the September 2019..
Morses Club (LON:MCL) recent results (see our 21 October note, Interim FY’20 results: steady core, deal upside) highlighted the strength of Home Collect (HCC). The division showed operational efficiency improvements,..
Urban Logistics (LON:SHED) invests in ‘mid-box’, ‘last-stage’ distribution warehouses. Latest interim results indicate further strong progress, with EPRA NAV per share up 12% in 12 months and EPS and dividends..
Boohoo Group has delivered a stellar performance over the key Christmas trading period resulting in a further upgrade to FY20 guidance, its third since 5th September. Strong growth has been..
Shield Therapeutics (LON:STX) is a commercial-stage company delivering specialty products that address patients’ unmet medical needs, with an initial focus on treating iron deficiency (ID) with ferric maltol. Recent news..
Yesterday’s UK GDP data highlighted the weakness experienced in the economy during calendar Q4. This has been reflected in the trading patterns at Flowtech Fluidpower with weaker than anticipated demand..
What’s new: The trading update for the 6 months to 31 December 2019 released this morning reveals: City of London Investment Group’s Funds Under Management (“FUM”) rose 11.6% to US$6,014m; Sterling..
Cambria Automobiles (LON:CAMB) has confirmed trading in the first three months of the financial year has been in line with expectations despite continued challenging conditions. Clearly near-term trading conditions remain..
20/20 vision For fighter pilots, it is a minimum requirement. But having 20/20 ‘visual acuity’ (correct term) does not necessarily mean you have perfect vision (as convention assumes); instead, it..
Accrol Group Holdings (LON:ACRL) results came in as expected at the headline level, with adjusted EBITDA (post IFRS 16) of £3.2m (adj. EBITDA of £1.9m pre-IFRS 16), which compared to..
Inter alia, we reviewed social infrastructure investment companies in our note “Secure income” REITs – Safe harbour available, published on 22 March 2019. In this note, we consider how RM..
What’s new: OnTheMarket (LON:OTMP) has announced strategic investment for a 20% share in Glanty Ltd, the owner and developer of ‘teclet’, an automated portal for the lettings industry, designed to..
Real Estate Credit Investments (LON:RECI) pays investors a high (7.1%) dividend yield, covered by predictable income streams generated by an increasingly diversified portfolio of real-estate-backed debt. Its credit record has..
Why invest Positives Strategy: To invest in a portfolio of unquoted media companies that will generate meaningful IP. Issues Time to invest: The target time to invest of 15 months is longer..
Tis rare that a company reports on the same day as a general election. Okay, Titon Holdings (LON:TON) gestation was the longer ‒ but the conclusions are the same. “It’s..
B-North is raising capital ahead of getting its banking licence (due spring 2020). It will then attack the huge, profitable and poorly-served SME lending market. B-North combines i) state-of-the-art technology..
DWF Group (LON:DWF) has released solid H1 results and appears to be making good progress on achieving its strategic objectives set out at IPO. The Group has also announced the..
