Broker Notes, Comments and Analysis

Broker notes, analysis and comments

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..

City of London Investment Group Trading update reveals DPS rise

Yesterday, the MSCI Emerging Markets Index (MXEF) rose to 1052; today City of London Investment Group (LON:CLIG) provides a detailed trading update on its results for the year to 30..

Inchcape PLC Zeus anticipate a solid set of H1 results

We anticipate a solid set of H1 results from Inchcape Plc (LON:INCH) on 27 July. We would expect most of its markets to show good YOY progress, and believe forecast..

Headlam Group plc Positive trading momentum

In the trading update released this morning, Headlam Group plc (LON:HEAD) has reported an encouraging 4.0% growth in revenues for the first six months of the year. This result reflects..

Safestyle UK plc Taking share in a challenging market

Safestyle UK plc (LON:SFE) trading statement today confirms the difficult market conditions commented on at the Group’s AGM statement in May, with FENSA data showing market volume decline of more..

Conviviality plc Strong FY17 results ahead of expectations

Conviviality Plc (LON:CVR) following on from the positive trading update in May, today reports a strong full year set of results. Group sales increased 85% YoY to £1,560m, while adjusted..

EVR Holdings plc Subsidiary signs agreement with Sony Music

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 signed a global content..

Surface Transforms Plc Riding the carbon ceramic brake revolution

Surface Transforms Plc (LON:SCE) manufactures and sells carbon ceramic brake discs. These discs offer major weight-saving and safety advances. We are in the early stages of dramatic demand growth. The..

Sinclair Pharma Plc A Prominsing Start in the US

In 2016 Sinclair Pharma Plc (LON:SPH) was transformed into a streamlined, pure-play aesthetics company with a concentrated, highly competitive, portfolio of differentiated injectable products. Effective, longer-lasting, natural looking, minimally invasive..

Accrol Group Holdings PLC Investing for future growth

Accrol Group Holdings PLC (LON:ACRL) has delivered solid results this morning with EPS +7.8% ahead of our forecast and up an impressive 65.2% YOY. Short term trading conditions have been..

Flowtech Fluidpower Plc Acquisition & Strong Trading Update

Flowtech Fluidpower Plc (LON:FLO) has announced a good first half trading update with revenue increasing 24.7% YoY to £34.2m (HY16: £27.4m). All business divisions have performed strongly with underlying organic..

UK Housebuilding Sector: Q2 2017 “The Peak District”

The Peak District became the UK’s first national park on 17 April 1951; albeit the National Trust owns a 12% minority. Geographically, it forms the southern end of the Pennines..

UK Motor retail sector – Zeus Capital

June SMMT data: private registrations -7.8% YOY and -4.8% YTD The SMMT (Society of Motor Manufacturers and Traders) has released data this morning confirming new car registrations in June of..

Mortgage Advice Bureau Hybrid journey to 2020

Revenue & market share growth through adviser numbers & productivity Since its IPO in November 2014, Mortgage Advice Bureau (Holdings) Plc (LON:MAB1) has delivered on its strategy for growth and..

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