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Companies: discoverIE Group PLC (DSCV:LON)LendInvest PLC (LINV:LON)
Cavendish
Companies: Revolution Bars Group Plc (RBG:LON)LendInvest PLC (LINV:LON)
Companies: CPX FTC TSTL TIME EXR LINV
In challenging market conditions, H1 results show AuM growth of +11% yoy to £2.7bn, growth and cost initiatives to enable the business to capitalise as the market recovers, and H1 24 cash of £88m after £47m at FY23. H1 24 AuM has grown despite challenges for new lending, such as UK Finance highlighting BTL lending volumes down 50% in the last 12-months, where 70% of LendInvest’s FY23 AuM was from BTL lending. Successful execution of the strategic focus to move a greater proportion of AuM off-BS
Companies: LendInvest PLC
Companies: CTO HERC LINV ATG
£23.3bn in enterprise value has been returned to AIM technology shareholders over the past six years in the form of 51 public to private takeouts, including 10 in 2023 alone with the takeovers of Smoove* and Tribal announced in early October. With UK valuations appearing cheap and looking more attractive to potential acquirers, we take a moment to reflect on the trends of corporate and private equity bidders targeting AIM-listed technology companies going back to 2017, through the uncertainties
Companies: CPX FNX CLBS PEB TIDE CNC ELCO IGP FTC IOM PCIP KBT MAI SRT VNET TRCS ING IQG DOTD TIA RCN NXQ TIG BBB ARC BBSN KRM GETB ACC JNEO SWG RDT QTX CER EXR NEXN XLM BOOM CLX FADL LINV SND
Companies: SOLI DOTD NXQ LINV
LendInvest has reported FY23 AuM growth of +21% to £2.6bn, reported PBT in line with FY23 guidance at £14.3m, and FY23 DPS of 4.5p. The group’s revenue disclosure has changed to focus on net operating income instead of gross revenue, and on the new basis, FY23 net revenue increased +8% yoy to £54.7m, with growth of +38% in BTL driving the performance. Through the currently challenging market conditions, management has continued to focus on selectively scaling the platform, and the launch of the
Companies: ME Group International plc (MEGP:LON)LendInvest PLC (LINV:LON)
Companies: NEXN STM LINV
Companies: Filtronic plc (FTC:LON)LendInvest PLC (LINV:LON)
In today’s trading update, LendInvest has announced FY23 platform AuM growth of +21% to £2.6bn, record monthly applications for bridging loans in March, and that it expects to report FY23 results in line with market expectations. Through volatile market conditions, management has continued to strengthen the platform in H2, including HSBC and the British Business Bank providing up to £100m of funding to expand LendInvest’s development finance products, and the successful launch into the specialis
Companies: RNO AVG HVO RBG LINV
Research Tree provides access to ongoing research coverage, media content and regulatory news on LendInvest PLC. We currently have 0 research reports from 5 professional analysts.
Companies: FOG PHC FEN BBSN ELIX
FY 2023 was a challenging year for Frenkel with higher interest rates encouraging clients to place money into lower margin money market funds. Despite this, sales grew +32% (supported by recurring revenue +9% and +51% in non-recurring), EBIT margins remained strong at 22% and adj. EPS grew +17% (taking into account the higher number of shares). FY 2024 has seen a solid start to transactional business and there is a strong pipeline of new FUM opportunities both of which support further growth. Wi
Companies: Frenkel Topping Group plc
Companies: Property Franchise Group PLC
Canaccord Genuity
S&U reported FY24 PBT of £33.6m, down from £41.4m in FY23 on higher funding and regulatory costs and higher impairments in Advantage in H2. PBT was 2% ahead of our forecast as stronger revenues – up 12% to £115.4m – and better costs offset higher-than-expected impairments. Net receivables grew to a record at both Advantage and Aspen and management noted particular strength in Q4 and a good trading environment in the current year. Having absorbed a significant rise in funding cost as well as addi
Companies: S&U plc
Edison
Companies: PayPoint plc
Liberum
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
22nd 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: 16 April 2024: Electric Guitar (ELEG.L) Concurrent with its Admission to trading on AIM, Electric Guitar is proposing to acquire the entire issued share capital of 3radi
Companies: ARV CTL AFRN FEN HUW TENG BBSN EAAS VAL
Hybridan
In a challenging market, Regional REIT’s (RGL’s) FY23 operational and financial performance was robust, in line with expectations and previous guidance. Investor focus remains on the company’s loan to value (LTV) reduction and bond refinancing plans, explored in detail in our previous note and RGL will provide an update on this in due course.
Companies: Regional REIT Ltd.
Edison Investment Research is terminating coverage on ABC Arbitrage (ABCA), paragon (PGN), Foresight Solar Fund (FSFL), Kendrion (KENDR), Lithium Power International (LPI), Triple Point Energy Transition (TENT), 4iG (4IG), e-therapeutics (ETX), Pharnext (ALPHA) and Shield Therapeutics (STX). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. Previously published reports can still be accessed via our web
Companies: Foresight Solar Fund Limited GBP
Foxtons Group plc first quarter revenue rose 9% to £35.7m (1Q23: £32.9m) with growth delivered across all business segments. Trading is in line with management's expectations.
Companies: Foxtons Group Plc
Zeus Capital
Companies: Speedy Hire Plc
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: Jupiter Green Investment Trust PLC
Kepler | Trust Intelligence
Companies: Facilities by ADF PLC
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
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