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An in-line update for FY21E means that losses have been contained by management's action on the cost base. Losses are not materially higher than in FY20A and sequential growth shows that revenues are recovering rapidly. With an identifiable pipeline of commercial opportunities, we see capacity for upside risk to financial forecasts to emerge this year.
Companies: Kromek Group Plc
Ahead of today’s AGM, Luceco raises guidance due to further share gains in WA & an earlier than expected demand improvement for LED projects from the commercial construction sector. The group expects 1H21 sales of £105m up 43% and a doubling of & adj OP to £18m, 5% above prior forecasts, supported by robust action on cost inflation. We now expect a stronger 2H21 and raise our FY 22 estimates by 8%. Accordingly, we raise our TP to 350p.
Companies: Luceco PLC
Highlights of FY21 are 43% c/c ARR growth at SwipedOn, routes to market for Space Connect signed and delivering, and significantly reduced burn. Q1 trading looks promising, with SwipedOn ARR 9% since year-end and Space Connect’s pipeline doubling to £1.2m. Looking forward, SMRT’s desk and meeting room booking tools are ideally suited to the emerging hybrid workplace (more employees than desks). We also note initiatives to narrow the price discount with competitors and target customers with more
Companies: Smartspace Software Plc
Today's news & views, plus announcements from MRW, CPI, UAI, MGP, BGO, JOUL, ANG, THG
Companies: Bango plc
Semper Fortis Esports* recently announced its intention to IPO onto the Access Segment of the Aquis Stock Exchange Growth Market. Semper is a multi-operational Esports organisation focusing on gaming technology solutions, brand enhancement and high growth team infrastructures. The company plans to raise £2.5m to develop their three core areas of establishing an esports team, forming partnerships with brands for sponsorship and B2B consultancy services. The Board are highly experienced in spor
Companies: ADME RTC SAV DFCH HUW TEG ANIC KOO MIRI SPSY
Belluscura plc intends to seek admission of its entire issued and to be issued share capital on the AIM market of the London Stock Exchange towards the end of May. The company will be seeking to raise £15m in a conditional placing of shares at a price between £0.42-0.48/shr, which is expected to translate to a post-money valuation of £50-55m.
Companies: Tekcapital Plc
After a quiet 1 st half (p/e Oct’21) due to the pandemic, Kromek is now enjoying a powerful rebound for its next generation, radiation detectors from existing & new medical (eg BMD, SPECT), nuclear (D3S) & security screening (Airport baggage/bottles) customers. Saying today that FY’21 results would be “in line with expectations”, with the Board equally being “excited” about the near-term prospects for its ground-breaking, biological threat detector. These mobile or static devices continuously te
Amino has completed a £9.4m placing at 140p, boosting the strength of the balance sheet in anticipation of acquisitions to deliver the route to the financial targets of “Amino 2025”. The auction for the trade and assets of MobiTV, in Chapter 11 proceedings in the US, resulted in Amino’s selection as the reserve bidder, effective if the successful bidder’s transaction does not complete by 31 May. Amino’s ability to respond quickly to future acquisition opportunities, with balance sheet strength a
Companies: Amino Technologies plc
Nanoco has signed an extension to its development project with a major European customer, under which it is working on a range of materials for a number of sensing applications, which could potentially lead to volume production in calendar H222 (FY23). Importantly, securing this contract gives management the confidence and cash to retain its nanomaterial development and production capability rather than cutting back to focus on the litigation case against Samsung.
Companies: Nanoco Group PLC
FY20 results were broadly as expected at the January prelims with sales up 2.4%, a 510bp margin expansion to 16.8%, and adj. EPS of 15.5p (7.7p). The revenue outlook is ahead of January expectations; 1H21 was previously expected to increase +25% vs new expectations for +40% due to ongoing share gains. Management announced new through-cycle EBIT margin guidance for 15-20% vs 10-15% previously. We expect FY22 margins to progress towards the upper-end of the new range, with near-term inflation head
The UK market showed a continued recovery in the first quarter albeit the indices are still well short of their all-time peaks, unlike many of their international peers. The FTSE 100 has risen by 1,186 points (21.4%) since the end of October and the FTSE 250 by 4,304 points (25.0%). The comparable performance since the start of the year is less spectacular- the FTSE 100 has risen by 253 points (3.9%) and the FTSE 250 has risen by 1,070 points (5.0%). The factors behind the sustained rally are fa
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Alphawave IP Group is considering an IPO on the standard listing segment of the London Stock Exchange. Alphawave IP is a leading semiconductor IP company focusing on the hardest-to-solve connectivity challenges created by the exponential growth of data. Funds and accounts managed by BlackRock, and Janus Henderson, have each entered into cornerstone agreements with the Company to subscribe for, subject to certain conditions, in aggregate, c. USD 510m of Offer Shares at an offer price representing
Companies: ARE ERGO GDP EVG MIND SEE STAF ORCH IXI INHC
Amino has announced that it has been selected as the reserve bidder in the auction of the trade and certain assets of MobiTV, the US-based TV platform provider. The group has also confirmed a (gross) £9.4m fundraise to fund future acquisitions and that trading since the FY 20A results announcement has continued in line with management’s expectations. We see several positives in this week’s announcement. Although so far unsuccessful, Amino’s involvement in the MobiTV auction process is in our vie
During H121 Nanoco successfully delivered on the technical and commercial milestones for its programme with a major customer to develop new nanomaterials for sensing applications. Management implemented further restructuring actions, cutting cash-burn to £0.4m/month and extending the cash runway to calendar H222.
NFT Investments plc is an investment company that specialises in non-fungible tokens (NFT). Has applied for admission to the Access segment of the AQSE Growth Market. No funds being raised. Due 16 April. Thor Explorations (TSXV:THX) seeking a secondary listing on AIM. The Company is targeting Admission during Q2 2021. Segun Lawson, President & CEO, stated: “Thor Explorations has advanced significantly, in both project development and capitalisation since the acquisition of Segilola in 2016. T
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