Hybridan Small Cap Feast 09/08/22

Dish of the day Joiners: 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

SHORE CAPITAL - MTI Wireless Edge+ (MWE, House Stock at 61p) No changes to FY22 forecasts after solid interim results

Vitec

Update to forecasts – Neutral

Verizon Communications Inc.: Business Strategy, Financial Forecasts, DCF Valuation, ESG & Other Risks (05/22)

Verizon gave a decent performance in the last quarter with a 3.9% growth of the service revenue and also a growth in earnings. Its performance was supported by a robust net addition in broadband and wireless, both translating to the growth of the bottom line. Third parties such as JD Power and RootMetrics continue to recognize Verizon as the best network experience. The company received great momentum on the consecutive front, in the adoption of 5G, with more than 25% of its consumer phone base

Hybridan Small Cap Feast 15/06/2022

Dish of the day Joiners: Silverwood Brands (AQSE:SLWD), has been re-admitted onto the Access Segment of the AQSE Growth Market following the acquisition of Balmonds Skincare Limited by way of a signed share purchase agreement. Leavers: River and Mercantile Group has left the Main Market following a reverse takeover by AssetCo (AIM:ASTO). Marshall Motors has left AIM. Ocean Outdoor has left the Main Market. What’s cooking in the IPO kitchen? LifeSafe Holdings, a fire safety technology business wi

An interesting Italian offer from Iliad but probably insufficient

Iliad makes an offer to buy 100% of Vodafone-Italia for c.€11-11.5bn. These mobile activities with a solid 35% EBITDA margin could help Iliad conquer a significant market share on the fixed side by financing its launch and ramp-up. But Vodafone may not be very eager to sell these assets, so this offer won’t be enough to tilt the balance. These takeover proposals show, however, that telcos are undervalued while they are still considered primarily as dividend stocks.

2021/22 was correct but not enough to reduce pressure on Nick Read

A correct release globally in line with expectations (slight slowdown in revenue growth in Q4 but a slightly better than expected FCF for the full year) but the outlook given by management for 2022/23 is quite cautious (this is the upper range of the guidance which corresponds to our estimates). We maintain our opinion at Buy. Note, however, the CEO Nick Read is rather under fire after missing opportunities in Italy (Iliad), Spain (Orange-Masmovil merger) and with Vantage.

Allenby Capital TMT Update

Allenby Capital TMT Update

Verizon Communications Inc. - Investment Thesis, Key Drivers, Financial & Price Forecasts, DCF Valuation

Verizon had a stellar quarter and produced an all-around beat with a strong increase in consumer revenue as well as business revenue. The management's strong 5G push has resulted in the company adding as many as 275,000 postpaid phone subscribers, nearly a 100,000 more than the market expectations. The company has spent over $45 billion on the 5G spectrum in 2020 and has a very high level of debt on its balance sheet which might create some market concerns but its recent subscriber is generating

T-Mobile US Inc: First VoNR Deployment & Other Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (08/22)

T-Mobile has striven to provide the best pricing and network while operating in a cutthroat market and a macroeconomic situation that is rapidly changing. The company delivered a below par result failing to meet Wall Street expectations but the positive was that the management lifted its full-year guidance across the board. They also expanded the availability of T-Mobile Business Internet, making T-Mobile the first and only countrywide provider of the Internet for businesses. Given the fact that