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Companies: Renewables Infrastructure Group
Bidstack released a trading update on 7 July indicating that H1/22 revenue had increased 160% to £2.1m with improved year-on-year gross margin (H1/21: 34.5%). Considerable commercial progress has been made in the period, notably the December 2021 agreement with Azerion guaranteeing a minimum US$30m revenue over a two-period, commencing on 1 March 2022. This is now ramping-up and performing in line with contractual commitments. PubGuard, Bidstack's ad-quality platform, has also secured a minimum
Companies: Bidstack Group Plc
Companies: Open Orphan Plc (ORPH:LON)Renold plc (RNO:LON)
Companies: Ricardo plc
Dish of the day
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: INSE AEG ASTO BEG CGH FIPP KMK
Enclosed is our weekly round-up of news and updates from the professional services sector.
Companies: MER NWF SRP
Feature article: Utility regulation – Changes afoot - Patching up a tainted model
While the gas supply crisis – and its price implications – have dominated the UK price regulated sectors in recent months, other issues have arisen that have seriously tainted the price regulation system itself. Indeed, it is fair to ask whether it is ‘’fit for purpose’’.
Back in 1984, price regulation, via an unsophisticated RPI-x formula, was introduced to prevent the privatised British Telecom (BT) from abusin
Companies: VTA TRX FCSS IBT STX RECI PANR PCA OCI APP ARBB BBGI CLIG E7F0 FEV ICGT DNL FAS FJV CSN
Hardman & Co
No joiners today.
Leavers: No leavers today.
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 supplier of laminated steel tapes to the fibre optic cable industry in the US. Thixotropic gels and laminated steel tapes are essential components to the rapidly growing global fibre optic cable market. The Group exports to over 40 count
Companies: TYM SOLI SYM AFN JOUL MIO SRB
Amur Minerals* (AMC LN) – Recommended $35m offer for the Kun Manie Project
Anglo Asian Mining* (AAZ LN) – BUY – ~C$1m investment in Libero to maintain its 19.9% interest in copper explorer
BeMetals* (BMET CN) – Major shareholder provides US$5m loan
BHP (BHP LN) – Proposal to acquire Oz Minerals rejected by target
East Star Resources (EST LN) – Additional rare-earth exploration licences in Kazakhstan
Tertiary Minerals* (TYM LN) – Sale of Finnish royalties
Tirupati Graphite (TGR LN) – £1.5m
Companies: BMET BHP AMC AAZ EST POW TGR
Despite a promising summer outlook, TUI’s trading update did not convince the market due to a high level of uncertainties related to airport chaos, geopolitics and inflation, etc. The financial guidance remains vague for the same reason and its balance sheet still needs meaningful strengthening. We expect a downgrade in the FY22 consensus but no major changes to our current estimates.
Companies: TUI AG
The strong trading already flagged in mid-June is continuing with Eckoh now indicating visibility into H123 order levels that are expected to be up “significantly” yoy. Management details two specific large contract wins today, the first a $1.3m win over 2 years with an international hotel group and the second a £0.6m win over 5 years with a global insurer. As per its strategy, Eckoh is winning more and more international deals and this one also stands out for the breadth of functionality being
Companies: Eckoh plc
Singer Capital Markets
Companies: K3 Capital Group Plc
Tissue Regenix (TRX) is focused on the development and commercialisation of two proprietary processing technologies for the repair of soft tissue (dCELL) and bone (BioRinse). It has a broad portfolio of commercial regenerative medicine products for the biosurgery, orthopaedics and dental markets. Early benefits of TRX’s strategic activities over the past two years were evident in the 2021 results and, in a trading update to the market, the company has indicated that the strong sales performance
Companies: Tissue Regenix Group plc
Bidstack FY21 results showed revenue in line with forecasts at £2.6m and LBT of £8.0m, vs forecast LBT £6.3m after increased staff costs to accelerate the build out of the commercial team and drive execution across sales and publisher business development as well as reinforce the product team. A net loss of £6.3m was in line with forecasts. Bidstack has made considerable commercial progress during the period, notably the December 2021 agreement with Azerion guaranteeing a minimum US$30m revenue
A year on from the end of lockdown on July 19 2021, celebrations at the UK's economic bounce-back in H2-21 have long lost their fizz. Two intertwined themes have remained salient / gathered pace over the past six months since our mid-year sector review: exchange rates and inflation. As we write today, press speculation is focussing on the possibility of a 0.5% rise in UK interest rates in August, billed as the biggest move in 27 years. Looking further afield, economists are looking to the F
Companies: FOUR JIM JIM CODE PEN PTD WATR SPSY