Broker Notes, Comments and Analysis

Broker notes, analysis and comments

DX (Group) plc Central hub planning approval declined

DX (Group) plc (LON:DX) has announced that planning approval for its intended new hub at Essington in the West Midlands has been declined for a second time. With the initial..

Vertu Motors Plc Trading in line

Vertu Motors Plc (LON:VTU) has released a robust trading update, essentially confirming it continues to trade in line with expectations. We are maintaining our cautious forecast assumptions for now as..

MySale Group PLC Strong H1, delivering on strategic initiatives and confident for H2

MySale Group plc (LON:MYSL) the leading international online retailer, has today announced its unaudited interim results for the six months to 31 December 2016. Zeus Capital released the following note:..

boohoo.com plc Lift in FY17 guidance yet again, benefit of improved operating leverage

boohoo.com plc (LON:BOO), the leading online fashion retailer, has delivered a strong trading performance since the Group’s trading update on 10 January 2017. The Board now expects the Group revenue..

ITM Power PLC opens hydrogen refuelling station with Shell at UK’s busiest forecourt – Zeus Comment

ITM Power PLC (LON:ITM) has announced the opening of its 4th hydrogen refuelling station (‘HRS’) in the UK, and the first partnering with petrochemical giant Shell. This following the announcement..

City of London Investment Group H1 results confirm dividend cover

City of London Investment Group (LON:CLIG) has published its interim report for 1H2017. With the headline figures having been announced in last month’s trading statement, the report contains few surprises...

City of London Investment Group Plc 1H PBT up 61%; EPS up 68%

Interim results from City of London Investment Group Plc (LON:CLIG), released this morning, are precisely in line with the pre-close update on 17 January, which revealed: * Total funds under..

Collagen Solutions Plc Capital increase to support accelerated growth

Collagen Solutions plc (LON:COS) is a biomaterials company developing and manufacturing medical grade collagen components for use in medical devices, research, and regenerative medicine. A number of investment initiatives have..

Allergy Therapeutics plc Acarovac MPL into phase I clinical trial – Zeus Capital

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

Allergy Therapeutics plc Disruptive peanut allergy vaccine

Allergy Therapeutics plc (LON:AGY) is a long-established specialist in the prevention, diagnosis and treatment of allergies. Trials to obtain full regulatory approval as a biological for its ultra short-course immunotherapy,..

Oncimmune Holdings plc Considerable potential for long term out-performance say Zeus Capital

Oncimmune Holdings plc (LON:ONC), a pioneering UK-based biotech developing and commercialising blood tests for early cancer detection, today released its Interim results for the 6 months to November 30, 2016..

Entu (UK) plc Trading in line but dividend cut in FY17

Entu (UK) plc (LON:ENTU) has announced that EBITDA from continuing operations will be within the range of its previous guidance of £2.5m to £2.9m at £2.6m to £2.7m. This is..

DX (Group) plc Mix impact of new business wins leads to downgrades and dividend cut

DX (Group) plc (LON:DX) has announced that tough trading, cost and pricing pressures will significantly impact FY17 profitability. As a consequence, EBITDA is cut by 53% to £9.0m (previously £19.0m)..

Watkin Jones Plc All 2017 deliveries now forward sold confidence in FY18 forecasts increasing – Zeus Capital

This morning’s announcement that Watkin Jones Plc (LON:WJG) has forward sold the student accommodation element of a development in Bournemouth takes to six the number of developments since the end..

Pendragon PLC Full year results due 14th February – Zeus Comments

We anticipate a robust set of full year results from Pendragon Plc (LON:PDG) next week, with the shares +13% in January following a poor performance in 2016 (-33% in absolute..

Morses Club Plc Bringing Home Collect into the 21st Century

Morses Club Plc (LON:MCL) having completed a major integration, management is now focussing on carefully controlled growth. Technology is driving efficiency improvements, aiding credit management (impairments are at the lower..

Abzena ThioBridge® deal highlights undervaluation

Abzena Plc (LON:ABZA) is an integrated group offering a broad range of services and technologies to improve the chances of discovering and developing effective biopharmaceutical drugs. With strong footprints in..

Hardman & Co: The Quest for Dividends

The Dow Jones Index has just breached the 20,000 mark, the first time in its 131- year history that it has done so, whilst the FTSE-100 Index (INDEXFTSE:UKX) has also..

Ilika plc Materials development grant for Hard Disk Drives

Ilika plc (LON:IKA), a pioneer in materials innovation and solid-state battery technology, announced today that it has received a notification from Innovate UK of its intent to award Ilika and..

Epwin Group PLC FY16 in line with expectations, delivering c.19% earnings growth – Zeus Capital

Epwin Group PLC (LON:EPWN) year-end trading update states that results are in line with expectations which we take to be in line with consensus PBT forecasts of £24.4m, marginally above..

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