Broker Notes, Comments and Analysis

Broker notes, analysis and comments

BCA Marketplace PLC AGM statement

BCA Marketplace PLC (LON:BCA) has provided a trading update, essentially confirming it is continuing to trade in line with expectations. Our forecast assumptions are towards the top end of the..

Flowtech Fluidpower Plc European acquisition marks the fourth deal this year

Flowtech Fluidpower Plc (LON:FLO) ahead of interim results next Tuesday (12th September) has announced its fourth acquisition of FY17. Hydraulic Group BV is the first business to be acquired in..

Accrol Group Holdings plc Appoint Gareth Jenkins as new CEO

Accrol Group Holdings plc (LON:ACRL), the AIM-listed leading independent tissue converter, announced today that Gareth Jenkins has been appointed as Chief Executive Officer with effect from 11 September 2017. Gareth..

Cambria Automobiles Plc Trading update

While trading conditions have deteriorated post March this year, Cambria Automobiles Plc (LON:CAMB) continues to deliver a robust performance, and is expected to deliver FY 2017 results to August in..

Vertu Motors PLC Asset sale further strengthens balance sheet

Vertu Motors Plc (LON:VTU) has released a pre-close trading update this morning, confirming it continues to trade in line. The group has also announced the sale and leaseback of one..

Avanco Resources Limited H1 in-line, potential H2 upside on copper

Avanco Resources Limited (ASX:AVB) has reported a solid set of financial results for H1 2017, and looks on course to at least meet our full-year estimates, and potentially to exceed..

Earthworm EIS Fund EW Cap / Thompson Taraz Managers

The Fund’s investment strategy is to invest in a portfolio of EIS qualifying companies that will operate waste management and recycling facilities in the UK; it plans to have operations..

CentralNic Group Plc To Acquire SK-NIC, A.S. & Update

CentralNic Group Plc (LON:CNIC), the global software platform company supporting subscription web services including domain names, has today announced a pre-close trading update for the six months to 30 June..

Bacanora Minerals Ltd Sonora DFS nearing completion

In this morning’s Bacanora Minerals Ltd COM SHS NPV (DI) (LON:BCN) progress update on its Sonora soft-rock lithium development in Mexico, Bacanora reported that cost estimation work is nearing completion,..

Headlam Group plc Strong first half underpins outlook for FY17

Headlam Group plc (LON:HEAD) interim results follow the recent trading update (July 18th) and confirms that the first six months of the year has been positive for Headlam. Revenue of..

Lookers PLC Robust H1, forecasts unchanged

Lookers Plc (LON:LOOK) has delivered a solid set of interim results this morning, with adj. PBT from continuing operations (ex parts) up 18% to £50.2m (H1 2016: £42.6m). There was..

Marshall Motor Holdings Plc H1 in line, no change to forecasts

Marshall Motor Holdings Plc (LON:MMH), one of the UK’s leading automotive retail and leasing groups, has today announced its unaudited interim results for the six months ended 30 June 2017..

EVR Holdings plc Agreement signed with ARESA

MelodyVR, the leading creator of virtual reality content focused on the music industry and subsidiary of EVR Holdings Plc (LON:EVRH), this morning announces that it has entered into a multi-year..

Mi-Pay Group plc Contract Extension de-risks Forecasts

Mi-Pay Group plc (LON:MPAY), the leading provider of mobile payment solutions to Tier 1 Mobile Network Operators and Mobile Virtual Network Operators, is pleased to announce that it has agreed..

Pendragon PLC H1 results ahead, increasing forecasts

Pendragon Plc (LON:PDG) has delivered a good set of H1 results, which are +2% ahead of our forecast at the adjusted PBT level and +9% at the adjusted EPS level...

Motorpoint Group PLC AGM trading update

Motorpoint Group Plc (LON:MOTR) have released a trading update this morning essentially confirming they are trading in line with expectations, with the good momentum from H2 of 2017 continuing into..

Vertu Motors PLC A robust AGM trading update

Vertu Motors PLC (LON:VTU) has delivered a robust AGM trading update despite clear signs that market conditions have softened in new car volumes and used car margins. The balance sheet..

MySale Group plc Pre-close Update – FY17 growth delivered, momentum into FY18

MySale Group plc (LON:MYSL) pre-close trading update confirms strong full year trading for the group, with improved financial and operational performance delivering growth. Group revenue increased c.6% to A$268m, while..

entu (UK) plc Interim Results

entu (UK) plc (LON:ENTU) as previously guided in its trading update on 14 June, H1 results have been adversely impacted by operational and supply chain issues in the core Home..

Mortgage Advice Bureau (Holdings) Plc Trading update

Mortgage Advice Bureau (Holdings) Plc (LON:MAB1) has released a pre-close update ahead of the publication of its interim results on Tuesday 26 September, which reveals: * Revenue increased 15% YoY..

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