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Open Orphan has announced that hVIVO has secured a £3m contract with Imperial College to manufacture a SARS-CoV-2 challenge virus, funded by the Welcome Trust. The new challenge virus will be based on new variants of the COVID virus and therefore support future challenge studies to develop and compare vaccines against different forms of the virus.
Companies: Open Orphan Plc
Gateley has released a very positive trading update, highlighting a strong conclusion to the year to 30th April. Revenue and PBT are both expected to be materially ahead of expectations, reflecting a highly supportive backdrop and the careful management of costs during the pandemic. We will update forecasts alongside the pre-close later this month and tentatively anticipate a mid-teens PBT/EPS upgrade. An interim dividend of 2.5p has been declared with a final to follow (total dividend expected
Companies: Gateley (Holdings) Plc
Today's news & views, plus announcements from MRW, CPI, UAI, MGP, BGO, JOUL, ANG, THG
Companies: Bango plc
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
Companies: AMYT ARBB BPC BAG BVC BEG BONH BLVN BRSD CML CWK CRPR EYE ECHO FDM FAR FA/ GPH GSF HUW INSE JDG KAPE KP2 MACF MPAC MNZS NESF NBI OTMP OBD PREM QFI RUA SCS SEN SOS SUR TON TOU TXP TGL TCN UEM VLS WYN
Begbies has announced the acquisition of MAF Finance Group (MAF), a Midlands-based finance broker for up to £11.75m on a cash/debt free basis (c.6x PBT). MAF’s finance broking capabilities complement Begbies’ existing advisory and transactional services, in particular debt advisory and restructuring. The acquisition should also deliver good revenue synergies with Eddison’s valuation and asset disposal services, as financing is often needed to assist the buyer in these transactions. The potential
Companies: Begbies Traynor Group plc
The latest acquisition, Midlands based finance broker MAF Property Limited (trades as MAF Finance Group) should add new dimensions to BEG’s business portfolio. It builds potential to grow more cyclical, financial advisory and property services operations, as well as to enhance trusted working relationships and higher profiles with banks and other secured lenders. The latter groups being a potential source of referrals for BEG’s insolvency arm
Ahead of results for the year to 31 March 2021 (FY21) due in June, a trading update for Appreciate Group (APP) indicates underlying results in line with market expectations, supported by the continuing positive trend in billings and despite an increase in profit deferral. In this note we provide an update on our forecasts and a detailed review of our fair valuation (60p per share), which looks through the near-term suppression of earnings by the pandemic and the cash flow effects of business mix
Companies: Appreciate Group 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: KIBO ROCK VRCI K3C TOU ADT PCA ATYM IOM MJH
This is another strong update from WATR, again demonstrating (1) the strong demand for its product, (2) sales growth is powerful but margins are growing even more strongly, (3) momentum, already strong last year despite Covid, is accelerating further. In leak detection and related water services, WATR is the only player offering close to full coverage in the US national market, a major plus for insurance clients. An “essential service provider”, it has made the most of this status during the
Companies: Water Intelligence plc
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: CCS JADE ARS RBD SNX EEE 4BB WATR IMMO VASTN
PCI-Pal has performed exceptionally well through COVID in 2020 and looks set to deliver record results in FY21. On its current financial trajectory, we estimate it will break into a small (£0.4m) initial full-year profit in FY23 based on its existing UK/US oriented operations. However, management has identified an exciting land-grab opportunity in three large but underexploited regions – mainland Europe, Canada and Australia. We calculate that investing in sales and partner resources in these re
Companies: PCI-PAL PLC
AMTE Power, a developer and manufacturer of lithium-ion battery cells for specialist markets, announced its intention to seek admission to trading on AIM. Admission is expected to take place during March 2021. The Company intends to raise approximately £7 million by way of a placing of new ordinary shares in the capital of the Company. Timing TBC. Samarkand Group Limited, the cross-border eCommerce technology and retail group opening up the world's largest market for brands and retailers, intend
Companies: OHG MDZ PEG IQE RBN WHR HMI ANIC KOD GMR
Expansion into Central Eastern Europe, 5% upgrade
Companies: SEC Newgate SpA
Media reports suggest the UK DNA sequencing technology specialist, Oxford Nanopore is preparing a London float but disclosed no further details. The Company expects that the IPO would occur in the second half of 2021. IP Group, which has a 15% stake in Oxford Nanopore, currently values Oxford Nanopore at £2.3bn but analysts also suggest a valuation above £4bn at its next funding event. Thor Explorations (TSXV:THX) seeking a secondary listing on AIM. The Company is targeting Admission during Q2
Companies: SPA FFWD ZPHR PRM TEK GOOD IIG VDTK HUM THRU
Wickes to demerge from Travis Perkins and list on the Main Market. Expected 28 April. Advance Energy to complete an RTO on AIM indirectly acquiring up to 50% of Carnarvon Petroleum Timor which holds a 100 per cent. working interest and is the contractor under the Buffalo PSC, offshore Timor-Leste. Carnarvon Petroleum Timor is a subsidiary of ASX listed company, Carnarvon Petroleum Limited. The net proceeds of the Placing of approximately £20.01m (approximately US$27.51mm) will be used to fund
Companies: GOOD FIH SRT NFC RFX ARCM ACRL EQLS ORPH VRS
