Zeus Industrials Round-Up - 11 October 2024

The UK industrial sector expanded for a fifth consecutive month in September per manufacturing PMI data, although activity was slightly softer MoM as employment levels, inventories and business confidence declined per the survey, primarily due to uncertainty regarding the Autumn Budget, US elections and subdued global market conditions. Global inflation data has been encouraging and we await next week’s UK payroll data to understand the BoE’s next decision, although it is widely anticipated that

Morning Note – 8 October 2024

Morning Note – 30 September 2024

PROGRESSIVE: Beeks Financial Cloud Group - Head in the cloud, prospects in the stars

Finals sparkle, with an ‘in-line’/beat set of results (adj. EPS 6.4p vs our 5.1p estimate). Looking ahead, FY25 estimates are covered by recurring revenue, a strong pipeline and a new FY that is off to a flying start. To wit, ACMRR already ticked by £0.5m to £28.5m to 31 August – 74% of our FY25 revenue estimate. CEO Gordon McArthur telegraphs further progress: ‘Demand for our product is stronger than ever, fuelling a regular flow of new contract wins and extensions that offer long-term, recurri

Morning Note – 24 July 2024

SP Angel Technology - Winking Studios (WKS): Dual Listing & AIM IPO

Winking Studios is the fourth largest art outsourcing company globally. As a service partner, Winking offers investors exposure to a recovering video games market with outsourcing services expected to grow even faster but with lower attached risk. Currently listed on the Catalist board of the Singapore Exchange, Winking intends to dual list in London on AIM. Its majority shareholder, Acer, will be participating in the IPO.

Smart Cities Industry Report Sep 2024

This report looks at the smart cities industry globally. A “smart city” is defined by the International Telecommunications Union as an innovative city that uses information and communications technologies (ICT) and other means to improve the quality of life, the efficiency of urban operations and services, and urban competitiveness, to ensure that it meets the needs of present and future generations with respect to economic, social and environmental aspects. The report talks about the overall ma

Crude Quarterly Q3'24: Lower oil price

Oil inventory draws for the rest of 2024. IEA is wrong – peak demand is not imminent. Both E&P and oil service shares look highly attractive.

Hybridan Small Cap Feast - 3 October 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, or it is a rumour Dish of the day Admissions: None Delistings: Base Resources (BSE.L) has delisted from the AIM market What’s baking in the oven? Potential**** Initial Public Offerings: ITF announced: 30th September 2024: Applied Nutrition, the sports nutrition, health and wellness brand announced that it is con

Superfly

Intercede - An exceptional year shows the potential

Intercede has delivered revenue to March FY24 of £20m (+65% vs FY23) as expected, with profit and cash generation comfortably in line with the April trading update. Adj EBIT of £5.9m (vs £5.5mE; +479% vs FY23), and free cash flow of £9.0m (vs £8.9mE; +277% vs FY23), again outperformed forecasts that have been upgraded eight times already since 2022: original expectations accommodated £12m revenue, £0.6m adj EBIT and FCF of £0.4m. With the CMD having demonstrated the expanded product trio of MyID

Morning Note – 19 August 2024

Morning Note – 2 October 2024

Rosslyn Data Technologies - Capital raise – Update to previous release

Rosslyn Data Technologies has announced a fundraising for a minimum of £3.1m via a conditional placing to raise £1.64m (gross) at 5p, the issue of £1.2m new 2024 Convertible Loan Notes (CLNs) and up to a further £0.25m via a retail offer at 5p. James Appleby, non-executive Chairman, will also subscribe for £0.264m via subscription shares at 5p after the release of the FY24 prelim results (post close). The funding will be used to deliver its growth strategy, enable the continued development of th

(Gen)AI-related bookings to be increasingly material

FY24 results on July 18th: focus on financial charges and FCF generation SESA will report FY24 results on July 18th. After pre-releasing sales in line with expectations but with a reassuring mix thanks to positive trends in the VAD division, we believe investors'' focus will be on the trends in financial costs and on FCF generation, which have been drags on results lately. SSI/BS - IT services bookings growing strongly Cloud computing optimisation is coming to an end at the same time as AI se