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• Financial performance: Group revenue of £1,982.8m is +13.6% YOY and +41.3% versus FY20, representing significant market share gains versus global apparel markets that remain below pre-pandemic levels (UK: +27.3% versus market -3%, US +3.8% versus market -9%). The UK delivered a standout performance +27.3% YOY with strong growth across both established and new brands. Demand in international markets has been impacted by extended delivery times due to constrained airfreight capacity, a headwind
Companies: boohoo group Plc
H1 results confirm a strong recovery in store sales and a bounce back in profitability, benefitting from 26 weeks of uninterrupted trading. The Group is now debt free and has reinstated its dividend, with an interim distribution of 2.5p declared and scope for further special dividends and share buybacks.
Companies: Shoe Zone PLC
Zytronic’s interims confirm a continuing improvement in demand, driven by the Gaming and Vending sectors. This has driven a 24% increase in H1 revenue and a profitable outturn (PBT of £0.4m), on track for our full year forecast (SCMe: £1.0m) despite ongoing and well publicised supply chain challenges. Longer term recovery potential remains substantial and the Group is in excellent financial shape (net cash £7.5m post recent share buy-back programme).
Companies: Zytronic plc
CAP-XX has announced that a collaboration with the University of New South Wales, Sydney that has been running since 2017 has generated new important IP for the company. The collaboration has developed a new chemistry which enables a high voltage supercapacitor with exceptionally low leakage current. This IP is enabling the launch of a new 3 Volt (3V) supercapacitor at the end of 2022. Leakage current is arguably the single most important parameter when considering a supercapacitor being directl
Companies: CAP-XX Limited
Feature article: Latest ONS survey: steady as she goes…and ignore retail investors at your peril
The ONS (Office for National Statistics) has been charting the beneficial ownership of UK-quoted companies periodically since the early 1960s. The latest paper was published in March 2022, and considers the data for December 2020.
At December 2020, “Rest of the World” investors owned 56.3% of the market, a further growth since the last survey, while UK institutions’ ownership edged up to 31.6%.
Companies: VTA TRX SCE STX AVO ARBB PANR RECI PCA OCI IBT ICGT FAS FCSS FEV FJV FSV DNL CLIG BBGI
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Lift Global Ventures plc to join AQSE Growth Market. The Company's investment strategy is to operate as an enterprise company seeking acquisition or investment opportunities within the financial media and technology industries. Within these broad industries, areas of focus may include: Financial news websites and other forms of “new media”, Investment research providers, Financial PR, IR, design and marketin
Companies: XPF TON SCE NMT ECR MIRI BIRD DCTA
We initiate coverage alongside today’s in-line update for FY2021E. The Group expects to deliver sales 29% ahead at £11.1m and an EBITDA of £0.5m (FY2020 - £1.2m). This reflects the investment in the development and launch of EV battery cell monitoring systems (‘CMS’) to a leading German OEM, resourcing to support growth plans, and costs and inefficiencies associated with CV19 disruption. Looking forward, the EV business is noted to be performing ahead of expectations reflecting momentum in the s
Companies: Strip Tinning Holdings plc
Companies: CT Automotive Group Plc
Few retailers can boast the enviable track record of JD Sports, the ambitious multi-channel ‘athleisure’ business with a fashion-forward offering that combines the major sportswear brands with established own-label ranges. The company’s expanding international footprint is about to be enhanced by a potentially game-changing recently announced US acquisition, which has yet to be reflected in the consensus forecasts.
Companies: JD Sports Fashion Plc
The spotlight on food technology has perhaps grown more as a result of changing consumer trends, and environmental necessity than from investor appetite for something new. According to Robbins Research, livestock account for 18% of greenhouse gas (GHG) emissions, which is higher than the portion of GHG emissions created by transportation. Livestock also produce 35% of the world’s methane, which has more than 20 times the Global Warming Potential of carbon dioxide, and generate 65% of the world’s
Companies: PURE SIS PXS RGD TEK ANIC EDEN PHC
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: BOKU RBGP MUL WATR GFIN MKA TIDE CRDL INX TUNE
discoverIE has agreed to sell Acal BFi for a total cash consideration of £50m (£5m of which is deferred for three years) on a cash and debt free basis. The total consideration represents c.7x FY 2020 operating profit and 9x FY 2021. The sale proceeds will provide additional capacity to progress the Group’s growth strategy and management has highlighted a strong pipeline of further Design & Manufacture acquisition opportunities. Proforma net debt/EBITDA will be 1.0x. Acal BFi is a lower-margin bu
Companies: discoverIE Group PLC
A confident set of interims from Springfield this morning confirms the Group is well on track to deliver another year of significant growth, in line with expectations. It was a record H1 for the Affordable division, reflecting delivery against its substantial contracted order book. The Private division, meanwhile, reported a decline in revenues versus the somewhat inflated H1’21 comp (COVID unlocking period) but enters H2 with a record order book for the remainder of the year. The Tulloch acquis
Companies: Springfield Properties PLC
Companies: Ted Baker PLC
Bic’s stock price has been under pressure for the past few quarters. This is despite the CEO (Gonzalve Bich) pressing ahead with a time-bound plan to turnaround the business. While the 2022 margins could witness some pressure, it is a non-structural issue in our opinion. The performance improvement plan is on track, plus management is potent enough to sustain top-line momentum during the mid-term. A cheap valuation (both fundamental and relative) also adds to the investment case.
Companies: Societe B I C (BB:EPA)Societe BIC SA (BB:PAR)