Equity research insights January 2024 and December 2023

Cerillion

DirectorsTalk brings you professional opinions and insights from leading equity
research analysts on five companies with exciting prospects listed on the London
Stock Exchange. DirectorsTalk aims to help investors make more informed
investment decisions.

DG Innovate plc (LON:DGI) is an advanced research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and storage, using abundant materials and the best engineering and scientific practices. DGI’s current research and development activities are broadly split into two areas, focusing on novel electric motor technologies and energy storage solutions.

Hercules Site Services plc (LON:HERC) is a collaborative, innovative company delivering services of the highest standards within the Civil Engineering sector of the construction industry.

Likewise Group PLC (LON:LIKE) is a distributor of floorcoverings and matting and has the opportunity to consolidate the domestic and commercial floorcovering markets to become one of the UK’s largest distributors in this sector.

CyanConnode Holdings Plc (LON: CYAN) is a world leader in the design and development of Narrowband RF mesh networks that enable Omni Internet of Things (IoT) communications. With a wealth of expertise and experience in smart technology, the Group provides customers with long-range, low-power, end-to-end networking solutions and high-performance applications that help them enhance service delivery, improve business efficiency and save energy.

Cerillion plc (LON:CER) is a leading provider of billing, charging and customer management systems with more than 20 years’ experience delivering its solutions across a broad range of industries including the telecommunications, finance, utilities and transportation sectors.

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Hercules acquires 70% Stake in Lyons Power Services

Hercules has acquired a 70% shareholding in Lyons Power Services Ltd, a Warrington-based provider of power and energy infrastructure services, for £702,800, split equally between cash and shares.

Hercules plc FY25 update, record revenue expected at over £118m

Hercules plc expects FY25 revenue above £118m, up 16% year-on-year, with adjusted EBITDA and PBT in line with market forecasts. Growth was driven by UK infrastructure investment, acquisitions including Advantage NRG, and expansion of the Hercules Academy.

Cerillion recognised as Major Player in IDC MarketScape 2025

Cerillion has been named a Major Player in the IDC MarketScape: Worldwide Customer Experience Platforms for Telecommunications 2025 Vendor Assessment.

Hercules secures £6.5m in UK water sector contracts

Hercules has been awarded contracts worth approximately £6.5 million from clients including Galliford Try, Costain and Thames Water. The contracts span multiple UK water regions and highlight Hercules’ growing role in supporting infrastructure upgrades during AMP8, the sector’s current investment cycle.

Likewise reports 10% sales growth and strong interim results for H1 2025

Likewise Group has posted a 10.2% increase in sales revenue to £77.9 million for the six months to 30 June 2025, with Likewise Branded sales up 14.1%. Underlying profit before tax rose 120% to £0.74 million, while operating cash flow reached £5.2 million.

Likewise granted approval for 20,000 sq ft expansion of Newport facility

Likewise Group has received planning permission to extend its Newport warehouse by 20,000 sq ft, creating a 55,000 sq ft distribution hub. The development will be funded through internal cash flow.

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