Broker Notes, Comments and Analysis

Broker notes, analysis and comments

Annual Report & Accounts in line with pre-close statement

What’s new. City of London Investment Group (LON:CLIG) audited accounts released this morning are in line with its pre-close statement for the year to 30 June 2018, released on 17..

Strategy delivering growth above expectations

Tissue Regenix Group (LON:TRX) has a broad portfolio of regenerative medicine products for the biosurgery, orthopaedics, dental and cardiac markets. The company has two proprietary decellularisation technology platforms, for the..

Group synergies coming through

1pm Plc (LON:OPM) The FY’18 results delivered exactly what management promised. Loan origination was up 72%, revenue rose 78%, pre-tax profits increased 93%, while EPS grew 24%. The synergies from..

Interim results in line but operating environment remains difficult

Epwin Group like for like revenue was marginally ahead yoy at £142.4m, with notable growth seen in the extrusion, mouldings and distribution businesses, but declined on an absolute basis from..

Give credit where it is due

1pm  Plc (LON:OPM)  IFRS9 update highlighted the conservatism in current provisioning, with a minimal impact from adopting the new standard. We have taken the opportunity to review credit and present..

Capital increase for further development

Avacta (LON:AVCT) is a pre-clinical stage biotechnology company and the proprietary owner of Affimer technology. Affimers represent a radical alternative to the established antibody technology, which continues to dominate the..

Quoted companies can adjust to the post-MIFID II world

Quoted Companies Alliance (QCA), an organisation that champions the interests of small to mid-size quoted companies. The QCA is known as an authoritative voice in the capital markets space for..

Redx Pharma Back to the clinic

Redx Pharma Plc (LON:REDX) new management team is continuing to focus its financial resources on progressing its lead candidates in oncology and fibrotic disease into the clinic. When the first..

Elegant Hotels Group PLC Shares off 18% since interims

Zeus Capital note the recent weakness in Elegant Hotels Group PLC (LON:EHG) share price, which is down 18% since the interim results and now at the lowest point since December..

MySale Group plc Shares off 40% since solid July pre-close trading update creates opportunity

Since issuing a reassuring pre-close trading update in July, MySale Group Plc (LON:MYSL) shares have declined 40% resulting in a year-to-date drop of 62%, which looks completely unwarranted in our..

Epwin Group plc Trading in line in FY18 despite the market outlook remaining difficult

Epwin Group plc (LON:EPWN) has released a brief update this morning indicating that trading in the first half of the year has been in line with expectations (Zeus Capital full..

Oxford BioMedica Risk-sharing in cystic fibrosis gene-therapy

Oxford BioMedica (LON:OXB) is a specialist, advanced-therapy, lentivirus vector biopharma company. It offers vector manufacturing and development services and has a proprietary drug pipeline. In addition to LentiVector® service contracts,..

Ceres Power Continued demand for its technology

Ceres Power Holdings Plc (LON:CWR) General Meeting on Friday approved of the recent £20m fundraise and the first tranche of £19.4m of Weichai’s strategic investment, both at 15.08p. In addition,..

JTC Group On track & progressing well

Ahead of Tuesday 18 September, when JTC Plc (LON:JTC) reports its maiden interim results to 30 June 2018, it has released a trading update which confirms: JTC has performed well..

BCA Marketplace Scarcity value – Zeus Upgrade

We update our forecasts to reflect the outperformance achieved in 2018 when BCA Marketplace Plc (LON:BCA) delivered another set of record results, which were 11% ahead of our forecasts at..

Flowtech Fluidpower Plc Sustained growth in H1/FY2018

For Flowtech Fluidpower Plc (LON:FLO) macro conditions remain favourable and this has supported organic revenue growth of 9.1% in H1/FY2018. With the benefit of strategic acquisitions, sales increased by 66%..

SimplyBiz Group plc Update reveals strong membership growth

What’s new: Ahead of 11 September, when SimplyBiz Group plc (LON:SBIZ) reports its maiden interim results to 30 June 2018, it has released a trading update, revealing: Group membership numbers..

CentralNic Group plc acquisition of KeyDrive transforms quality of earnings

CentralNic Group Plc (LON:CNIC) is acquiring KeyDrive S.A. (an existing strategic partner since 2017) for an initial enterprise value of $44.5m or c.£33.6m, with an additional earnout of up to..

Allergy Therapeutics Steady performance in a tough market

Allergy Therapeutics Plc (LON:AGY) is a long-established specialist in the prevention, diagnosis, and treatment of allergies. Pollinex Quattro (PQ) Grass, the subcutaneous allergy immunotherapy (AIT), continues to gain market share..

Safestyle UK plc Trading update – Zeus Capital Comment

The new Safestyle UK plc (LON:SFE) management team has been in situ for eight weeks and post a thorough review of the business has released a trading update. Whilst trading..

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