Broker Notes, Comments and Analysis

Broker notes, analysis and comments

MySale Group plc Solid pre-close trading update, margin improvement continues

MySale Group plc (LON:MYSL) has released a reassuring pre-close trading update, with underlying EBITDA expected to be at least A$11.8m, ahead of our prior forecast of A$11.5m. FY18 sales growth..

Tatton Asset Management Growth in firms is a lead indicator

Zeus Capital analysis of maiden full year results, released on 27th June, confirms that Tatton Asset Management Plc (LON:TAM) is growing strongly: the number of firms using Tatton’s DFM MPS..

Koovs plc The Future is here

Shortly after its deal with Hindustan Times, Koovs Plc (LON:KOOV) has announced an even more important tie-up with a major Indian partner: Future Lifestyle Fashions Ltd (FLFL), part of The..

REPORT: UK Housebuilding Sector 2Q 2018; and beyond (the World Cup)

Video Assistant Referee (VAR): This VAR was conceived in 2010 by the Royal Netherlands Football Association (KNVB) but it was seven years later, in April 2017, that it had its..

Purplebricks Full year delivers results

What is new: Purplebricks Plc (LON:PURP) results for the year to 31 March 2018 are remarkably close to Zeus Capital forecasts and average consensus expectations. * Group revenue rose 101%..

REPORT: Evgen Pharma 2018, a pivotal year

Evgen Pharma Plc (LON:EVG) is a virtual pharmaceutical company focused on the development of a synthetic version of a natural product, sulforaphane, which is known to modulate key signalling pathways..

Genedrive plc Preventing hearing loss in newborns

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..

Purplebricks Acquisition adds Canadian “brick” – Zeus Capital

This morning Purplebricks Group (LON:PURP) has announced the acquisition of Canadian commission-free real estate service network, DuProprio, on a cash free/debt free basis for CAN$51m (£29.3m). * DuProprio has an..

BCA Marketplace PLC Adjusted EPS + 25.3% YOY – Zeus Capital

BCA Marketplace PLC (LON:BCA) has delivered another set of record results, which are 11% ahead of our forecasts at the adjusted PBT level and 9% at the adjusted EPS level...

XPS Pensions Group plc Merger adds to momentum – Zeus Capital

XPS Pensions Group plc (LON:XPS) full year results which include the acquisition of Punter Southall in January, are in line with our expectations. The merger of Xafinity and the pensions..

Tatton Asset Management Maiden results beat expectations – Zeus Capital

Tatton Asset Management Plc (LON:TAM) maiden full year results confirm that its 3 divisions are growing their client bases and its discretionary wealth management division “Tatton” is driving profitability. Highlights..

Warpaint London PLC Painting a bright future

Warpaint London Plc (LON:W7L) is a UK-based, colour cosmetics specialist that sells creative, design-focused and high-quality cosmetics at affordable prices. Warpaint’s flagship brand, W7, has established a loyal customer base,..

Redx Pharma Plc “Focus, Realism and Results” – Ian Ross, Chairman

Redx Pharma Plc (LON:REDX) new management team is focusing its financial resources (ca.£10m) on progressing its lead candidates in oncology and fibrotic disease into the clinic. Although the first patient..

Koovs plc Successful fund raising

Koovs plc (LON:KOOV) has today announced a major deal with Hindustan Times Media (“HT”). HT is taking a substantial stake in Koovs in exchange for advertising and marketing credit, providing..

Oxford BioMedica Gene-therapy for Parkinson’s: clinical progression

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

boohoo.com plc 53% group growth delivered in Q1 – Zeus Capital

boohoo.com (LON:BOO) has delivered solid Q1 Group revenue growth of 53% to £183.6m, with standout like-for-like growth of 158% delivered by PLT. At a Group level, the UK saw strong..

BCA Marketplace PLC Approach from Apax Partners

Zeus Capital note the announcement made towards BCA Marketplace PLC (LON:BCA) this morning regarding a preliminary conditional approach from Apax Partners LLP on the 9th May and an all cash..

OnTheMarket Property Portal 3.1 – Zeus Capital

OnTheMarket Plc (LON:OTM) is the largest majority-agent owned UK Property Portal. In its previous form Agents’ Mutual, its agents with Board membership included SpicerHaart, Savills, Knight Frank, KFH, Strutt &..

Chamberlin Plc Trading strong, technical issues largely resolved

Chamberlin Plc (LON:CMH) remains on track strategically, and the technical problems at the new machine shop are now largely resolved. The group has consequently delivered a significantly improved performance in..

Avacta In vivo expression of Affimers

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

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