Broker Notes, Comments and Analysis

Broker notes, analysis and comments

Shield Therapeutics Cast-iron investment

Shield Therapeutics (LON:STX) is a commercial-stage pharmaceutical company delivering specialty products that address patients’ unmet medical needs in renal and gastrointestinal disorders. Its initial focus is Feraccru® a supplement for..

AJ Bell Platform for growth

AJ Bell (LON:AJB) is one of the largest and fastest-growing investment platforms in the UK. It serves both the adviser market and the DIY investor. Having transitioned to updated..

City of London Investment Group Solid FUM update offset by margin changes

City of London Investment Group (LON:CLIG) has released its trading update for 2Q of FY’19. In this period, market weakness dominated movements in FUM: the 7% fall in the MSCI..

Advanced Oncotherapy Important regulatory milestone: ISO approval

Advanced Oncotherapy (LON:AVO) goal is to deliver an affordable and novel proton therapy (PT) system, based on state-of-the-art technology developed originally at the CERN. Achievement of major technical milestones has..

Allergy Therapeutics plc Trading update: gaining market share

Allergy Therapeutics plc (LON:AGY) is a long-established specialist in the prevention, diagnosis and treatment of allergies. The Pollinex Quattro (PQ) platform, the ultra-short course subcutaneous allergy immunotherapy (AIT), continues to..

1pm Plc Interim results 1H FY’19: geared up for growth

1pm Plc (LON:OPM), We had been looking for two key themes with the 1H FY’19 results: i) that any early signs of credit deterioration were modest; and ii) that the..

Diurnal Group Chronocort – seeking regulatory advice

Diurnal Group (LON:DNL) is a commercial-stage specialty pharmaceutical company focused on diseases of the endocrine system. Its two lead products target rare conditions where medical needs are currently unmet, with..

UK Housebuilding Sector in 2018: Stick and Reasons

‘From the deserts of East Ham to the gardens of Cottenham’, the UK Housebuilding Sector was whacked to the tune of 27% in 2018; and not one share price (out..

Volta Finance Limited Investment opportunities at this point of the cycle

Volta Finance Limited (LON:VTA) With market concerns that the credit cycle might turn, in this note, we explore the opportunities Volta has in these conditions. While MTM losses are likely..

Burford Capital Next $1.6bn of investments to boost returns

Burford Capital (LON:BUR) has announced access to almost $1bn of new capital, which, combined with its balance sheet, gives a new and financially attractive structure for how the next $1.6bn..

Titon Holdings Good moon rising

Titon Holdings (LON:TON), Titan is the largest moon of Saturn. It is blessed with a generally smooth surface and few impact craters. It would also look 11.4 times larger than..

Epwin Group No respite from cost pressures or operating environment

Epwin Group (LON:EPWN) At the time of the interim results in September forecasts were unchanged with the results stating that profit before tax in FY18 was anticipated to be in..

Tissue Regenix 2018 in review: foundations laid for osteobiologics

Tissue Regenix (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 the repair of..

Boohoo Group Plc Trading update confirms record Black Friday; trading comfortably in line

Boohoo Group Plc (LON:BOO) has released a short trading statement this morning confirming that trading to date remains strong, with record Black Friday sales seen across the group. The group..

Safestyle UK Plc Progress in turnaround leads to upgrade in FY19

Safestyle UK Plc (LON:SFE) We upgrade FY19 estimates on today’s trading update. Revenue increases 3.1% to £131m (prev. £127m) leading to an 18% increase in profit before tax to £5.3m..

OnTheMarket Plc Firms take up full tariff

OnTheMarket Plc (LON:OTMP) has announced that it has listing agreements with UK estate and letting agents with more than 12,000 branches. This increase of more than 6,500 branches since Admission..

Purplebricks Group Plc UK delivers material profit growth

What is new: Purplebricks Group Plc (LON:PURP) Interims reveal profitable growth in the UK driven by volume growth, rising average revenue per transaction, increasing gross profit margins and strong cost..

DP Poland Plc Slowing revenue growth

DP Poland (LON:DPP) announced this morning that, while EBITDA for 2018 will be broadly in line with expectations, revenue will be lower, due to unseasonally warm weather and competitive marketing..

Genedrive plc Accelerating into fiscal 2019 with first sales

Genedrive plc (LON:GDR) is a commercial-stage company focused on point-of-care molecular diagnostics. Its Genedrive® molecular diagnostic testing platform is at the forefront of this technology, offering a rapid, low-cost, simple-to-use..

Gateley Plc Strong trading and industry opportunity

Gateley Plc (LON:GTLY) trading statement in respect of 1H 2019 was sparkling, with 20% revenue growth in 1H and a highly confident outlook for 2H. We expect to revise our..

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