Broker Notes, Comments and Analysis

Broker notes, analysis and comments

Allergy Therapeutics Progressive development across portfolio

Allergy Therapeutics Plc (LON:AGY) is a long-established specialist in the prevention, diagnosis and treatment of allergies. Pollinex Quattro continues to gain market share despite being available in EU only on..

Mi-Pay Group plc Solid FY16 is very encouraging – Zeus Capital

Mi-Pay Group plc (LON:MPAY), the leading provider of mobile payment solutions to Tier 1 Mobile Network Operators and Mobile Virtual Network Operators, presents today its final results for the 12..

Flowtech Fluidpower PLC Group revenues up 31.8%

Flowtech Fluidpower plc (LON:FLOW) today issued the following unaudited Trading Update covering the period from 1 January 2017 to the date of this announcement. The financial reporting period covers the..

Redx Pharma Plc CARB-X – new strategic collaboration

Although Redx Pharma Plc (LON:REDX) has only been operational since late-2010, it has already discovered several valuable drug candidates, the first of which is about to begin clinical trials. Although..

Elegant Hotels PLC Treasure Beach Acquisition – Zeus Capital

Elegant Hotels PLC (LON:EHG) has this morning announced it has entered into a conditional agreement to acquire the issued share capital of Treasure Beach Ltd, including the business, the freehold..

ITM Power PLC signs first multi-MW contract: £3.5m for 3MW as commercial deals increase in scale

This morning ITM Power PLC (LON:ITM) put out a seminal RNS announcement. It is the first multi-MW commercial deal signed by the company; 3MW of electrolysis hardware with some ancillary..

SigmaRoc plc Shipping subsidiary established – Zeus Capital

SigmaRoc plc (LON:SRC) has established a new bulk-shipping subsidiary to support the material importation requirements of its Ronez vertically-integrated aggregates business on the Channel Islands. The initiative includes the £0.55m..

Oxford BioMedica Delivering commercial gene-therapy vector

Oxford BioMedica plc (LON:OXB) is a specialist gene and cell therapy viral-vector biopharmaceutical company. It offers vector manufacturing and development services, whilst retaining its own proprietary therapeutic candidates. Above service-fees,..

Ilika plc Toyota brings AI into accelerated materials discovery with Ilika

On March 9th Ilika plc (LON:IKA) announced a $1m deal with its established blue chip partner Toyota Motor Corp (TYO:7203) in ‘a new application area’. Yesterday’s RNS reveals, via an..

DX (Group) plc Proposed combination with Menzies’ Distribution and Interim results

DX (Group) plc (LON:DX) has announced that it is in discussion on a potential combination with the Distribution division of John Menzies. The proposed transaction would see DX acquire Menzies..

Entu (UK) plc Restructuring for future growth – Zeus Capital

Entu (UK) plc (LON:ENTU) final results in line with expectations following a challenging year that has included significant divisional restructuring, and a detailed balance sheet and accounting policy review. EBITDA..

Allergy Therapeutics Excellent performance shown in FH1’17 Interim results – Zeus Capital

Allergy Therapeutics Plc (LON:AGY) the UK-based, specialty pharmaceutical company focused on the development, manufacture and sale of vaccines and other products for the treatment and prevention of allergies, today reported..

Arbuthnot Banking Group Plc History is repeating itself

Arbuthnot Banking Group Plc (LON:ARBB) strategy, and largely the same management team, have delivered total shareholder returns of 418% 2008-2017 and 930% 1997-2017 respectively. 2016 saw a new phase in..

Mortgage Advice Bureau (Holdings) Plc FY16 marginally beats pre-close

What’s new? Mortgage Advice Bureau (Holdings) Plc (LON:MAB1) full year results for the year to 31 December 2016 are marginally ahead of the detailed pre-close statement released on 27 January...

Diurnal Group Commercial and development progresses

Diurnal Group Plc (LON:DNL) is a clinical stage specialty pharmaceutical company focused on diseases of the endocrine system. Its two lead candidates are targeted at rare diseases with unmet medical..

ITM close £0.73m electrolyser sale

ITM Power Plc (LON:ITM) announced this morning that it has completed the sale of a 0.5MW electrolyser with some associated ancillary hydrogen energy hardware to a customer for £0.73m. No..

Inchcape PLC Driven by distribution

Following Inchcape PLC (LON:INCH) results earlier this month, we publish our new forecasts following the segmental consolidation of divisions, and remain cautious relative to consensus (c.2% below at the PBT..

Safestyle UK plc Another record performance in FY16 underpins Zeus Capital estimates

Safestyle UK plc (LON:SFE) pre-close trading statement in January had already stated that the FY16 revenue outcome was a record £163.1m (FY15: £148.9m) and indicated that profitability was in line..

Avacta Low response would be positive!

Avacta Group Plc (LON:AVCT) is the proprietary owner of Affimer technology for the development of bio-therapeutics, diagnostic tests and research reagents. Affimers represent a radical alternative to established antibody technology..

Burford Capital Limited Another positive verdict

Burford Capital Limited (LON:BUR) results for 2016 produced another outstanding set of figures. Revenue grew by 60% to $163.4m with strong growth in the litigation finance business and an additional..

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