See what's trending this week...
Companies: 7DIG, ARE, BONH, CHL, HAT, HCM, IDP, PEG, PLUS
7Digital Group (7DIG)
Strong FY’17 performance; trimming ests. on timing | Arden Partners, 16 Aug
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"7DIG’s FY17A results were impacted by a combination of accounting adjustments and timing issues, leading us to cut our FY18E estimates in isolation. We believe the company remains on track to meet our FY19E expectations, implying robust growth potential at a modest valuation, and view any volatility in early trade as a particular opportunity to gain exposure. We reiterate our Buy rating and retain our price target of 9.5p..."
7Digital Group (7DIG)
Ready to rock ’n' roll | Edison, 16 Aug
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"7digital has now reported its FY17 results, which show a strong uplift in revenues, reflecting the 24-7 acquisition, and a greatly reduced EBITDA loss. The publication of the results was delayed in order to conduct a thorough review by new auditors, resulting in a significant strengthening in reporting procedures and systems, and a restatement of historical figures. The rapidly shifting streaming market gives the group significant B2B opportunities, with music a key element of customer engagement for retailers, connected devices and mobile network operators..."
Plus500 (PLUS)
Now the #1 CFD broker in UK, Germany and Spain. 90% of FY est’s earned in H1! | Liberum, 13 Aug
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"Amazing H1/18 results with revenue +147% yoy and PAT +190% yoy. Customer deposits in H1 were up 130%, though Singapore is just getting going. The company has made diligent progress with the Elective Professionalisation offer to qualifying EEA clients, who already represent 22% of EEA revenues, and they expect to hit over 40% (cf. IG expecting 50%)..."
Arena Events (ARE)
Successful Placing for Acquisitions | Cenkos, 15 Aug
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"Arena Events Group plc has conditionally raised £20m via a placing, subject to shareholder approval, to facilitate making two material acquisitions, one in the West Coast USA and the other in the Middle East. Both acquisitions are expected to be earnings enhancing this year and in future years. We assess Arena to offer investors access to growth at an affordable valuation. We upgrade our forecasts and reiterate our Buy recommendation..."
H&T Group (HAT)
Disciplined Growth in H1 | Capital Network, 15 Aug
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"H&T Group PLC (LON:HAT), the UK market leader in pawnbroking, released results on August 14 for the first half of 2018, showing sustained growth both in the core pawnbroking and other financial services..."
Bonhill Group (formerly Vitesse Media)
Completion of InvestmentNews acquisition | Stockdale, 17 Aug
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"Bonhill Group (formerly Vitesse Media) has announced the completion of the acquisition of InvestmentNews for US£27.1m on a debt-free/cash-free basis and the placing to raise c.£19.4m gross i.e. 24,206,875 placing shares at a post-consolidation placing price of 80p per share (2p per share prior to the 40:1 share consolidation) and admission of the company’s enlarged share capital to trading on AIM. The group has also changed its name from Vitesse Media to Bonhill Group and its year end to 31 December. Forecasts have been updated to reflect the revised number of shares in issue following completion of the acquisition and placing. We retain our Buy recommendation..."
Innovaderma (IDP)
Recent news-flow reinvigorates the investment case | Capital Network, 13 Aug
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"InnovaDerma (LON:IDP) specialises in the development, manufacture and marketing of clinically proven products in life sciences, beauty, and personal care. The company operates a portfolio of strong innovative brands, with the UK & Ireland and Australia currently its biggest markets..."
Falanx Group (FLX)
Strong market dynamics with consolidation opportunities | Progressive, 14 Aug
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"Falanx has established itself as a trusted advisor in the cyber security sector through the high-quality execution of its cyber services proposition, based on a methodology and set of processes that have been built up over many years, enabled by strong technology and experienced analysts. The Falanx Group offers an opportunity to invest directly in the growing cyber security market while gaining exposure to the benefits of M&A consolidation in a fragmented segment, led by an experienced team with a proven track record..."
Hutchison China Meditech (HCM)
Establishing a global operational presence | Edison, 17 Aug
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"Highlights from Hutchison China MediTech’s (HCM) H118 results relate to the substantial pipeline-related newsflow expected in 2018/19, the recent expansion of its US and international operations (which will enable HCM to execute its international R&D and commercialisation strategies) plus strong operational and financial performance by the China commercial platform division..."
Petards Group (PEG)
Another big order from Bombardier | Hybridan, 17 Aug
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"The developer of advanced security and surveillance systems this week announced a contract worth over £2.7m to supply Bombardier Transportation with Petards' eyeTrain systems. This is the second such order from Bombardier in as many months following a £2.8m plus contract announced in July..."
