Broker Notes, Comments and Analysis

Broker notes, analysis and comments

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..

ITM Power PLC UK government £23m fund to accelerate hydrogen infrastructure roll-out

ITM Power PLC (LON:ITM), the energy storage and clean fuel company, have today noted the announcement made by the UK government’s Office of Low Emission Vehicles (OLEV) on 18 March...

Motorpoint Group Plc Better value elsewhere

Motorpoint Group Plc (LON:MOTR) is the UK’s largest independent vehicle retailer, operating out of 11 sites throughout the UK. The company has a good track record of growth and roll..

Allergy Therapeutics Plc First Patient Recruited in Pivotal Phase III Birch Immunotherapy Study

Allergy Therapeutics Plc (LON:AGY), the fully integrated specialty pharmaceutical company specialising in allergy vaccines, announced today that the recruitment of the first patient in its Phase III study designed to..

Marshall Motor Holdings PLC Final results 4% ahead at PBT level

Marshall Motor Holdings Plc (LON:MMH) has delivered solid results, which are 4% ahead of Zeus Capital forecasts at the adjusted PBT level. This marks a transformational year for the group..

Advanced Oncotherapy Plc Delivery of LIGHT

Advanced Oncotherapy Plc (LON:AVO) is focused on delivering a more affordable, novel, proton-based radiotherapy system, based on technology originally developed at the world renowned CERN. The company is entering an..

Ilika Plc and Galvani Bioelectronics enter into collaboration in Bioelectronics Project

Ilika Plc (LON:IKA), a pioneer in materials innovation and solid-state battery technology, announces a two-year collaborative project with Galvani Bioelectronics to develop a solid state battery for miniature medical implants...

Non-Standard Finance Plc Branching Out Investment accelerated

Non-Standard Finance Plc (LON:NSF) is accelerating the investment in its branch network, doubling the rate of new office openings 2017/2018 compared with previous expectations. We believe the company’s plans to..

Scancell Holdings Plc SCIB development update

Scancell Holdings Plc (LON:SCLP) is a clinical stage pharmaceutical company developing two distinct flexible cancer immunotherapy platforms, each with broad applications. ImmunoBody is a DNA vaccine which stimulates high avidity..

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