Event in Progress:
Discover the latest content that has just been published on Research Tree
K2fly Limited (ASX:K2F) sells enterprise software and services across a range of ESG solutions to the mining sector. ESG is an increasing focus for not only mining companies but other stakeholders including shareholders and the broader community, and in many instances K2F has the only ‘off-the-shelf’ solutions in the market currently. The recent September quarter saw annualised recurring revenue (ARR) reach $6.5m, 8% above June 2022 and 59% above the previous corresponding period (pcp). This gro
Companies: K2fly Limited
RaaS - Research as a Service
K2fly Ltd (ASX:K2F) sells enterprise software and services across a range of ESG solutions to the mining sector. ESG is an increasing focus for not only mining companies but other stakeholders including shareholders and the broader community, and in many instances K2F has the only ‘off-the-shelf’ solutions in the market currently. The recent June quarter saw a number of quarterly records including record cash receipts at $5.4m (+170% on the pcp), and record operating cashflow (+$1.7m). Annualise
K2fly Ltd (ASX:K2F) has reported its FY22 results which follows on from the 4C data released in July. Revenues growth was in-line with forecast at $10.1m (+44%), with TCV and ARR already disclosed at $17.8m (+80%) and $6.0m (+76%) respectively. Gross profit was lower than forecast due to the mix between SaaS and consulting/implementation, with several large-scale implementations in FY22. We still see a step change in GP% over FY23 aided by the ARR starting base of $6.0m. Underlying operating cos
K2fly Ltd (ASX:K2F) has released its June quarter 4C which has seen records broken across the board. Cash receipts at $5.4m (+170% on the pcp) and operating cashflow +$1.7m were clear quarterly records. Annualised Recurring Revenues (ARR) reached $6.0m in June 2022, 76% above FY21 and above our $5.8m estimate. Relative to our assessed peer group this represents the highest growth rate over FY22. Cash at bank ended at a record $8.3m, aided by both a recent strategic placement and the seasonally s
K2fly Ltd (ASX:K2F) has announced its first contract with BHP, a one-year total contract value (TCV) of $2.1m to use its ground disturbance solution for BHP’s Pilbara iron ore division. With ARR of $620k, a three-year contract would represent a TCV closer to $3.4m by our estimates and equal the largest contract ever signed by K2F. Since the December half-year K2F’s ARR has increased 20% (to $5.8m) with the signing of contracts with South32 (Decipher), Freeport McMoRan (RCubed) and now BHP to exc
K2fly Ltd (ASX:K2F) is an enterprise software and services provider of a range of environment, social and corporate governance (ESG) solutions for the mining industry. While revenue details have largely been pre-disclosed, and addressed in our previous note (2 February 2022), the H1 FY22 result release reveals: (1) Some gross margin pressure due to higher consulting wage costs; (2) ~$0.6m or 20% higher than forecast operating costs; and (3) Continued spend on new product development ($2.4m over
K2fly Ltd (ASX:K2F) is an enterprise software and services provider of a range of environment, social and corporate governance (ESG) solutions for the mining industry. Its December quarter 4C relative to current RaaS estimates reveals: (1) Cash receipts, ARR and TCV assumptions are in-line, with growth on the PCP of 60%, 100% and 180% respectively; (2) Staff costs were higher than forecast as the company scales in anticipation of further contracts and spends more on recruitment fees; and (3) Con
K2fly Ltd (ASX:K2F) is an enterprise software and services provider across a range of environment, social and corporate governance (ESG) solutions for the mining industry. The group currently has nine solutions on the market which include resource and reserves reporting, land management and tailings management. The combination of acquiring niche software with existing users, continuous improvement of product features, and utilising a five-person-strong internal sales team to sell products into b
K2fly Limited (ASX:K2F) is a technology company providing enterprise grade software and consulting/implementation services, predominantly to the resources sector, and more particularly across key aspects of Environmental, Social and Governance (ESG) functions. The group currently has a suite of 9 solutions across four proprietary technologies which it delivers under a Software-as-a-Service (SaaS) recurring revenue model. Infoscope (acquired July 2017) is a Land Management System providing comple
Research Tree provides access to ongoing research coverage, media content and regulatory news on K2fly Limited. We currently have 9 research reports from 1 professional analysts.
Elixirr offers investors exposure to the long-term growth trends in the global Consulting market (including digitisation and the ongoing technology revolution, demand for innovation, efficiency and specialised expertise) all turbo charged by the group’s ‘challenger’ strategy driving market share gain from a low base. FY 2023 results showed the power of Elixirr’s differentiated model with revenue up +20% and adj. EPS up +22% in a market subdued by global uncertainty. With net cash of £18m, a posi
Companies: Elixirr International Plc
Cavendish
Companies: FOG PHC FEN BBSN ELIX
CLIG’s 3Q IMS reveals 5.5% rise in FuM in the first three months to March 2024 to US$10.1 billion. In the quarter performance added US$302m and group net inflows were US$224m.
Companies: City of London Investment Group PLC
Zeus Capital
The focus of Hardman & Co Research is on the nine quoted Infrastructure Investment Companies (IICs) and on the 22 Renewable Energy Infrastructure Funds (REIFs): the stocks analysed are all members of the Association of Investment Companies (AIC). We are updating our publication of January 2023, assessing both the lacklustre share price performances during 2023 and the key issues, including interest rates, inflation and power prices. As a 31-strong group, its combined market capitalisation is no
Companies: AEIT ROOF DGI9 INPP GSF SEIT USFP HICL ORIT BSIF TRIG NESF SEQI HEIT GRP GCP FSFL 3IN AERI PINT RNEW BBGI GSEO DORE TENT GRID CORD HGEN AEET
Hardman & Co
Companies: Mind Gym Plc
Liberum
A positive trading trajectory for MLVN has continued to emerge strongly in this morning's results, with FY23A revenues standing at £12.2m (FY22A: £6.3m / +79%) and £0.2m PBT profit as against a £1.1m PBT loss the year before (excluding a £94k fair value movement / loan write back). MLVN provides education services including (1) a range of university-related courses for overseas students, (2) adult ELT and (3) summer schools for juniors. MLVN's contract with the University of East London (UEL) st
Companies: Malvern International plc
WHIreland
hVIVO has delivered FY 2023A results in-line with the 30 January 2024 TU, with total customer revenues of £56m, growth of 16% versus 2022A. Other income related to tax credits added another £2.6m. 2024 revenue guidance of £62m has been reiterated, representing 11% growth over 2023A, and ahead of the £60m that we had previously forecast. The company has good visibility with the 2024 figure, with 90% already being covered by the existing orderbook (stands at £80m at the end of 2023), as well as in
Companies: hVIVO plc
Companies: AURA OMI AAL KAV POW BMN EST SVML
SP Angel
Feature article: Steady as she goes, but could be better: A review of investment company liquidity since 2016 Liquidity is the lifeblood of equity markets. The measurement of liquid asset availability to a market or company is a way of gauging a market’s health. This article builds on our previous work, which analysed the liquidity data for non-financial trading companies, by applying the same analytical techniques to the investment companies (IC) space. We analyse liquidity for ICs as a whol
Companies: NBPE ICGT ARBB RECI CLIG HAT AVO VTA APAX
Companies: FOG PEB KBT EMR TIME GETB JNEO
Key ruling sets out the ability to claim compensation for non-whiplash injuries alongside whiplash claims, without the quantum of damages being restricted by the Whiplash Injury Regulations, supporting the Group’s legal services division Bond Turner in pursing the optimal outcome for the claimants it represents.
Companies: Anexo Group Plc
Banquet Buffet*** Abingdon Health 9.25p £11.3m (ABDX.L) The lateral flow contract development and manufacturing organisation announces its unaudited interim results for the six months ended 31 December 2023. Revenue increased 117% to £2.4m (H1 2023: £1.1m). The Adjusted EBITDA loss decreased 47% to £1.2m (H1 2023: £2.2m). Furthermore, reduction in operating loss of 50% to £1.2m (H1 2023: £2.4m). The Board therefore expects that H2 2024 revenue will be significantly improved compared with H1 2024
Companies: CPX SLP FA/ FIPP ECR ETP ORCA
Hybridan
We review the potential for the group to push top line revenues towards c £200m pa over the next three to five financial years vs our £135m FY24e estimate. BEG recently issued a Q3 update which confirmed that it is trading in line with market forecasts. Over the last decade Begbies has built an increasingly broad financial services and advisory business that can perform across the economic cycle. We expect recognition of that profile to grow and evolve to reflect recognition of the value inher
Companies: Begbies Traynor Group plc
Equity Development
A well-attended and successful Capital Markets Day (CMD) was held yesterday with the theme being “unlocking the Group’s maximum potential and financial targets” with presentations by all Group companies and divisions. Financial targets for the Group have been set for the period from FY25 to FY27 which emphasises the growth that the Board believes the Group capable of achieving. We include these targets in our financial model with the proviso that at this early stage they are more indications of
Companies: Franchise Brands plc
Allenby Capital
Asset managers had a poor 2022: the S&P Composite 1500 Asset Management Index was down 22% and, according to the Investment Company Institute (ICI), worldwide mutual funds fell by 20%, from $76tr to $60tr. When bond and equity markets fall, the results are unlikely to be pretty: with revenues trending down and multiples contracting, there is a double whammy to contend with. So how do valuations shape up now, after a bullish start to the new year? The first chart is my favourite chart of asset m
Companies: RAT SDR IPX LIO FEN BRK MTW CLIG ASHM HL/ JUP PCFT IHP AJB MNG TAM EMG
Share: