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16th April 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: Electric Guitar (ELEG.L) Concurrent with its Admission to trading on AIM, Electric Guitar is proposing to acquire the entire issued share capital of 3radical Limited for
Companies: IP BILN SAR GATC ASTO PHE SHOE CCS IP CUSN
Hybridan
20th September 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment ob
Companies: TXG TGIF TXG IQG ASTO TND TAVI WSBN UFO LBG
6 March 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objective
Companies: SEE IMM SAR POS CRW ASTO GROC
Premium
AssetCo’s results to 30 September 2022 show the impact of investing £40m into a cash shell: £22m was invested in Parmenion, which has delivered 12% organic growth and doubled its EBITDA margin to 37%; progress is being made in the other investments in asset management businesses.
Companies: AssetCo PLC
Zeus Capital
16 February 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objec
Companies: ASTO BOWL CPP RRR CREO TRAC
On 10 January last year, we set out our ten top stock picks for 2022, in what turned out to be a very poor twelve months for global equities, due to war, accelerating inflation, political instability and recession fears. Between 7 January 2022 and 31 December 2022, the AIM All-Share Index declined 30.0%, whilst the average performance of our ten top picks was -24.7%, a modest relative outperformance. In this note we discuss the performance of our 2022 top picks, equities trends in 2022, and our
Companies: GHH SCE BGO TPT ASTO INCH EQLS NXR
Dish of the day Joiners: Burning Rock Biotech Limited ADS has joined the Main Market (Standard). Leavers: China Petroleum & Chemical Corporation ADS has left the Main Market (Standard). What’s cooking in the IPO kitchen?** Ithaca Energy, a UK independent exploration and production company focused on the UK North Sea, intends to join the Premium Segment of the Main Market. Ithaca Energy is one of the largest independent oil and gas companies in the UKCS, ranking 2nd by resources and 3rd by produc
Companies: AXL TYM ECK VTU ASTO TRR RDT
Dish of the day Joiners: Inteliqo Limited has joined the Access Segment of AQSE Growth Market. Inteliqo Limited provides sales, marketing and distribution services to technology product owners. Leavers: Menzies (John) plc and Sanne Group have left the Premium Segment of the Main Market. What’s cooking in the IPO kitchen?** Unigel Group, intends to join the Aquis Growth Market. Unigel Group is a pioneer in the field of thixotropic gels for the fibre optic cable industry. The Company is also a sup
Companies: BEG AEG ASTO INSE FIPP KMK CGH
AssetCo has agreed to acquire SVM Asset Management for £10.7m. Consideration will be satisfied by £1.7m cash and up to £9.0m, 1% fixed rate unsecured convertible loan notes in AssetCo, at £14.50 per Ordinary Share. Unless converted, the loan notes will be repaid on 31 December 2023.
AssetCo has just completed its acquisition of River and Mercantile Group “RMG”, which has resulted in an increase in shares in issue from 8.4m to 14.4m. RMG has an “established and well-respected equities team that manages around £2.7 billion of Assets under Management. Importantly, the acquisition provides the foundation stone to building a private markets business given its infrastructure investment team.” The Chairman says, “actions are being taken both on cost and building new revenue [to e
Parmenion, the award winning investment solutions and wealth management platform servicing over 1,500 Financial Advisers, has published its 2021 results, which show it turning from loss to profit, in the year AssetCo made its investment. These results should lift market views on valuation.
Research Tree provides access to ongoing research coverage, media content and regulatory news on AssetCo PLC. We currently have 0 research reports from 4 professional analysts.
Companies: KMK BGEO CORA
Cavendish
Companies: NewRiver REIT plc
Shore Capital
Avation, a lessor of 34 commercial aircraft, provided a trading update on Friday for the year to date, reporting a significant expected increase in the value of its ATR 72 purchase rights, along with an improvement in lease revenues and cash collections. Following the announcement of a restructured aircraft purchasing plan with ATR earlier this month, the company has reported that the grant of new aircraft purchase rights and the extension of the existing rights is expected to increase the value
Companies: Avation PLC
WHIreland
AUM was up by £2.2bn or 6% over H1-24, reaching £39.6bn on 31 Mar 24 (30 Sep 23: £37.4bn). This was a top-third growth rate among a London-listed peer group. While sustainable investing flows around the world have been subdued, we are seeing some early signs of a return to stronger flows. H1-24 revenue of £86.2m was down 2% y-o-y from £88.0m in H1-23 on lower average AUM levels and an unchanged average fee margin of 45bps. However, an AUM recovery during the period saw run-rate revenue increase
Companies: Impax Asset Management Group plc
Equity Development
TRIG’s portfolio continues to evolve, despite equity capital markets being closed…
Companies: Renewables Infrastructure Group Limited GBP Red.Shs
Kepler | Trust Intelligence
Headline Q1 net profit of GEL1.04bn included negative goodwill of GEL686m arising from the Ameriabank acquisition. Adjusted profit of GEL369m was a touch light of our estimate, but on lower other income, while costs came in higher on increased investment spend. However, the Group net interest margin increased slightly on 4Q23, unchanged also on the prior year, and better than expected, against a backdrop of faster cuts in interest rates by the National Bank of Georgia this year. Economic growth
Companies: Bank of Georgia Group Plc
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
UK commercial property has been a cornerstone asset for many income-seeking investors (both retail and institutional) in recent decades, particularly since the global financial crisis of 2007/8 and the resulting ultra-low interest rate environment. However, since rates began to rise in 2022 to tackle surging inflation, meaningful returns have once more become available on lower-risk assets such as cash and government bonds, which has led to a retrenchment from alternative income assets such as p
Companies: LABS SREI SUPR AEWU
Capital Access Group
The Bankers Investment Trust (BNKR) focuses on cash-generating companies and FY23 (ended 31 October 2023) was its 57th consecutive year of dividend growth. Dividends rose by 10%, maintaining the trust’s track record of above inflation dividend growth over the long term. The board expects dividends to rise by at least 5% in FY24. While this is commendable, BNKR’s recent relative total return performance has been adversely affected by its lack of exposure to most of the so-called Magnificent Seven
Companies: Bankers Investment Trust PLC GBP
Edison
Canaccord Genuity
NBPE’s realisation activity shows its portfolio is ‘in demand’…
Companies: NB Private Equity Partners Limited Class A
Tern’s FY23 results highlight improving metrics that should attract additional strategic interest across the portfolio. All companies are gaining significant commercial traction, with configuration work turning to repeat licencing through SaaS models and growing high-profile customer bases. However, valuations across the global technology landscape remain depressed, which has flowed through to Device Authority and Wyld, as detailed overleaf. Therefore, despite the significant improvement in perf
Companies: Tern PLC
Progressive Equity Research
In this note we look at the gap between perception and reality in the UK equity market, the opportunities and threats in the economic and market outlook, and the emerging consensus that the valuation discount versus other major markets is at or close to an inflection point. We consider the benefits of UK equity strategies both for income investors and for those seeking exposure to the higher growth potential of smaller and mid-cap companies.
Companies: ATS MRCH SCP SHRS LWDB JUGI MINI
AJB’s CEO, Michael Summersgill, said on the results call that some of the recent price changes were perhaps “unnecessary” and maybe “a little bit aggressive” at the time. That is because AJ Bell is a proper growth company, taking share in two big markets. We believe the nub of the investment story is that the market has a tough time estimating the growth acceleration that should come from such aggressive pricing. We now see the company close to fair value, but the market-share-taking trend may b
Companies: AJ Bell Plc
Hannam & Partners
For Q124, Regional REIT (RGL) has maintained the rate of quarterly DPS at 1.2p. We expect DPS for the year will partly depend on RGL’s chosen re-financing route. Meanwhile, RGL’s asset disposal programme continues to progress. Portfolio EPC ratings have continued to show good improvement and, adjusted for disposals, rent roll and occupancy were robust. We have made no changes to our forecasts.
Companies: Regional REIT Ltd.
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