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Prime will be the backbone for the company
With 2 m Prime subscribers in November 21 (1m higher than last year), the company is transforming its business model from transaction-based to subscription-based, driven mainly by the virtuous cycle that Prime generates. This is done by increasing number of subscribers via attractive pricing, increasing repeat business and reducing the variable cost and customer acquisition cost, and reinvesting the profit into lowering prices to enhance the competitiv
Companies: eDreams ODIGEO (EDR:MCE)eDreams Odigeo (EDR:BME)
Good start to the year, returning to 2019 levels
Edreams posted a -23% drop in Q1 22 (to June 2021) in bookings vs Q1 20 (to June 2019), but with positive figures in June (+2%). Additionally, EDO has said that the trend accelerated in July (+6%) and August (+27%), helped in the latter by last minute easing of restrictions. This is equivalent to 50pp outperformance vs the European airline industry. The negative news came on the average booking size, which is still 35% below 2019, due to a dispro
eDreams is the biggest flight online travel agency in Europe (37% share), operating through 5 brands: eDreams, Opodo, GO Voyages, Travellink and Liligo. It is well positioned to benefit from the early recovery in leisure travel (vs business), with an online business helped by a strong IT backbone, a better price proposition than peers and its innovative subscription Prime model.
Size does matter
Being the leader in the less concentrated European airline market (vs US) has several advantages:
Growth shares need a big market, a USP and scalability. When they work they're a beautiful thing.
Research Tree provides access to ongoing research coverage, media content and regulatory news on eDreams ODIGEO.
We currently have 27 research reports from 3
Monthly Gaming Wrap-up: December Round-Up
Companies: Keywords Studios plc (KWS:LON)Team17 Group PLC (TM17:LON)
The Group has reported full year results that are in line with market expectations. Good progress was made despite the twin challenges of very difficult oil & gas market conditions, which particularly affected Precision Machined Components (‘PMC’), and Covid disruption that resulted in delays to Integrity Management deployments. Chesterfield Special Cylinders (‘CSC’) saw revenues up 69%, reflecting strong performances from the defence and hydrogen energy markets where refuelling station projects
Companies: Pressure Technologies plc
Franchise Brands has released a very positive trading update for the year ended 31 December 2021. Highlights include excellent growth from Metro Rod/Metro Plumb where system sales rose by 24% year-on-year (yoy) to a record £50.4m, sales at Willow Pumps ahead by 11% in the year and the recruitment of 57 new franchisees in the B2C division to date. We upgraded forecasts following the interim results in July and we consider that today’s trading update supports these forecasts.
Companies: Franchise Brands plc
Companies: Science Group Plc
We believe the narrative for the UK equity market remains very good. Some inflation appears embedded in markets and economic growth seems robust. We saw investors show caution into the end of 2021 and so have cash to deploy in our view. This has been corroborated by investor feedback we’ve had already this year. The UK equity market is materially cheaper than global equities on a relative basis so asset allocators have to be looking at UK equities while UK 2022 GDP growth is likely the best of t
Companies: AFM ANX AXL CYAN GLAN MODE OBI MATD SEN SOM WSG
East Star Resources (EST.L) the Kazakhstan-focused gold and copper explorer, has raised gross proceeds of £3.1m by way of an oversubscribed placing and subscription of 62,000,000 new shares at a price of 5p, and has today been readmitted to the Official List of the Financial Conduct Authority by way of a Standard Listing following its acquisition of 100% of the share capital of Discovery Ventures Kazakhstan Limited, which holds an initial package of four licences in two producing but un
Companies: TAVI COG CUSN FEN GTLY NSCI LND EME
Anexo has released a trading update for 2021 indicating that revenue growth is ahead of the Group's forecasts and that PBT will be “significantly ahead” of market expectations. In our view, Anexo's diversifying business exposure and strategy leaves it well placed to take advantage of market disruption and grow significantly, both in 2022 and beyond. Reiterate buy.
Companies: Anexo Group Plc
Pressure Technologies (PRES LN) this week published Full Year results for the period ending October 3rd, 2021. PRES, a UK-based precision engineering business, produces high pressure cylinders through its Chesterfield Special Cylinders (CSC), and its Precision Machined Components (PMC) division provides specialised machining services. PRES is winning business in new, potentially high growth markets, including advanced cylinder technology for hydrogen vehicle refuelling infrastructure. The Group
Rosslyn Data Technologies has indicated that despite good progress made in the current period with important customer wins, larger contracts with lengthy lead times along with Covid restrictions that have been experienced across the economy have lengthened further. This has led to a more conservative view of expected revenues for FY22E, now anticipated to be £6m (down from £7.5m). However, significant progress has been made working through a period of organisational change and undertaking increa
Companies: Rosslyn Data Technologies PLC
Intelligent Ultrasound has provided a trading update for the 12 months to December 2021. Revenues in the period are expected to be up 47% to £7.6m, with Simulation Division revenues of £7.4m (+44%) and early Clinical AI Division revenues of £0.2m (H1/21A £0.05m). Significantly, FY21 saw the group generate AI revenues from both its partnership with GE Healthcare and proprietary ScanNav Anatomy Peripheral Nerve Block (PNB) and NeedleTrainer devices. Management has provided a positive outlook on FY
Companies: Intelligent Ultrasound Group Plc
The Group today, compared with 2018, has been undergoing a significant turnaround. Pressure Technologies (PRES LN), a precision engineering business, producing high pressure cylinders, and providing specialised machining services, has a refreshed board and strong balance sheet. It has restructured and invested in operations, software, and machining technology. PRES is winning business in new, potentially high growth markets, including advanced cylinder technology for hydrogen vehicle refuelling
Different Game, Same Player
Companies: Keywords Studios plc
The main function of the HHI is to monitor the performance, and to highlight the attractiveness, of life sciences investments over the long term, and to try to identify those stocks that have disruptive technologies that consistently allow them to outperform both the index and the markets. Many of the 53 constituents of the index are high-risk, still being in the development stage, with micro-capitalisations and a long way from sales and profitability. Despite this, some companies can still make
Companies: AVO APP ARBB BBGI E7F0 DNL FAS FCSS FEV FJV FLTA ICGT IBT OCI PCA PIN RECI STX TRX VTA
Experian reported its Q3 revenue update which was largely in line with our expectations and management’s guidance. The organic growth of 11% yoy, which sits at the upper end of management’s guidance of 9-11%, was led by strong growth in the B2C segment. Following this update, the company has tightened the range of previously-raised FY21/22 guidance towards the upper limit. However, we will tweak our estimates and target price slightly downwards to factor in the increased risk of multiple rate hi
Companies: Experian PLC
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Plutus Powergen has left AIM.
What’s cooking in the IPO kitchen?
Eurowag confirms its intention to undertake an initial public offering on the Main Market (Premium). The Offer would be expected to comprise both (i) new Ordinary Shares to be issued by the Company, raising gross proceeds of approximately EUR200m to support Eurowag's growth strategy and (ii) existing Ordinary Shares to be sold by existing Eurowag shareholders. Eurowag is a leading pan-European
Companies: ALS APP BOD DXRX EDR EOG KOO RBBS TRP UOG