Broker Notes, Comments and Analysis

Broker notes, analysis and comments

Partnering strategy delivering profitability

Oxford BioMedica (LON:OXB) is a specialist advanced therapy viral-vector biopharmaceutical company. It offers vector manufacturing and development services, while retaining proprietary drug candidates. OXB will also receive royalties on commercial..

Interim results

Safestyle UK Plc (LON:SFE) has announced interim results for the six months ended 30 June. Revenue of £60.5m is down 27% YOY reflecting previously reported significant business disruption experienced in..

Delays continue into H2

GYG Plc (LON:GYG) has released H1 results which, as expected, reflect the challenging trading conditions the company has faced during the period. Operational challenges in key refit locations, and slower..

Review of investment case

Using reported results for XPS Pensions Group (LON:XPS) published in June, we have calculated proforma revenues, profit and adj EPS assuming Punter Southall had been included for the full year..

Solid interims underpin FY18

Strix Group (LON:KETL) has announced a solid set of interim results providing a high level of confidence in the FY18 profit before tax forecast of £29.1m. Revenue increased 1.5% to..

2 contingent deals

On Tuesday 18 September 2018, XPS Pensions Group (”XPS”) announced two contingent deals: The proposed acquisition of Kier Pensions Unit (“KPU”) from Kier Group for total max consideration of £3.5m..

Growth set to gather pace

BigDish Plc (LON:DISH) is an early-stage revenue-generating technology company that has developed a yield management platform for the restaurant industry. BigDish’s proprietary platform allows restaurants to maximise their sales by..

Fully proven model rolls out

DP Poland (LON:DPP) has proved that the Domino’s formula works as well in Poland as it does elsewhere in the world; its mature stores are substantially profitable. With 60 stores..

A year of transition

H1/FY2018 represents another period of significant development at Flowtech Fluidpower Plc (LON:FLO). Organic growth of c.9% and the benefit of the Balu acquisition in March for £10.2m, alongside four during..

Maiden interims & rise in forecasts

This morning, JTC Group (LON:JTC) announces its interim results: Revenue rose 25.2% YoY to £35.3m (1H17: £28.2m); Underlying EBITDA rose 56.7% to £10.5m (1H17: £6.7m); Underlying EBITDA margin improved 6.3pp..

CEO Appointment & board changes

boohoo Group (LON:BOO) has this morning announced the appointment of John Lyttle as Group CEO (effective 15th March 2019) and the re-alignment of its wider executive board as it positions..

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..

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