Autins has reported full year results to the end of September that reflect a year of two distinct halves with H2 facing the unprecedented challenges of Covid and widespread disruption caused by OEM plant shutdowns, including at its largest customer. Full year revenues declined by 20% to £21.5m, split between H1 at £13.2m and H2 at £7.8m. Strong management action nevertheless saw gross margins maintained at c.28% through operational improvements, restructuring and tight cost control, and EBITDA (
Companies: Autins Group Plc
Autins has reported interim results consistent with its trading and COVID update at the end of March 2020. The first five months performance was ahead of management expectations and Q2 saw the Group achieve the majority of its targeted £2m p.a. cost savings, materially lowering the Group’s breakeven point. Automotive deliveries have restarted after a significant fall off in demand - all Autins’ sites were closed on 22nd March 2020 - and with PPE equipment orders building, 50% of the workforce ha
Autins has issued a trading update covering the first five months of the current financial year which is noted to have been ahead of management expectations and much improved on the comparable period in FY2019. This performance reflects important cost control and operational efficiencies as well as success winning significant new business. However, the impact of COVID-19 has now seen automotive OEM plant shutdowns and management expects significantly reduced demand for its products for the fores
Today’s AGM Statement confirms that the group is currently trading in-line with management expectations for FY2020E. Also, the Board is confident of delivering continued operational improvement, sales growth and new market development, centred on Autins’ core acoustic and thermal management expertise and, in particular, Neptune, the Group’s innovative high performance material that is opening up important new relationships and opportunities. We make no change to forecasts.
Intention to float by Gemfields Group. No Capital Raise. Currently listed on JSE. (GML:JNB) at circa £122m. The Group's key producing assets, the Kagem emerald mine in Zambia (believed to be the world's single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world), are both expected to have long mine-lives with potential for expansion. Also owns the Faberge brand. Due Valentines Day 2020.
Companies: NQMI AUTG DPP WTG YEW CVSG ALNOV MIDW THAL
SulNOx Group - The Group has developed a methodology and process capable of emulsifying hydrocarbon fuels such as diesel and heavy fuel oil . By January 2014, following preliminary laboratory testing, SulNOx was in a position to suggest that its products resulted in up to a 50% reduction of Nitrogen Oxide (NOx) and a 90% reduction in particulate matter Due 17 Dec, mkt cap £42.3m.
Companies: SRES K3C SENS MSYS TAL LEX TSG FUL BHRD AUTG
Despite the increasingly challenging trading conditions across the year in the automotive market, Autins has delivered slightly better than expected revenue and adjusted PBT. The focus on operational performance and cost control rewarded with a strong gross margin improvement, particularly in the second half. During the year the Group saw sales of Neptune, its innovative high performance acoustic and thermal insulation material, double. Neptune is providing strong support to the Group’s efforts
Costain (COST LN, £187m) awarded new highways contracts >£150m incl. project for Lancashire Country Council and Highways England | AFC Energy (AFC LN, £19m) operational update confirms hydrogen-powered off-grid EV charging system is on track for commercial launch in Dec 19 | Autins (AUTG LN, £8m) trading update expects FY19 results in line with market expectations; improved profit margins from cost savings/operational efficiencies; “cause for optimism for the year ahead” following new client win
Companies: COST AUTG AFC
Autins has issued a trading update for the 12 months to end September highlighting that the Board expects FY2019E results to be in line with market expectations. In a challenging year for the automotive industry, the Group has achieved significant cost savings and operational efficiencies that have in turn helped to deliver the improved profit margins that investors were expecting. The statement notes that the Group is now well placed with sufficient capacity to take advantage of the many opport
African Export-Import Bank a supranational financial institution whose purpose is to facilitate, promote and expand intra- and extra- African trade, of its potential intention to publish a registration document, the Bank hereby confirms its intention to proceed with an Initial Public Offering. The GDRs are expected to be admitted to the standard listing segment of the Official List of the FCA and to trading on the Main Market of the LSE.
DNEG Limited intends to apply for admission of its Shares
Companies: BMK IXI CER AUTG SCHO BRD ING SOS SSTY SUH
Freyherr International Group PLC the Medicinal Cannabis holding company established in 2016, is planning to list on the NEX exchange on the 13 August
Companies: NBI AIEA TWD PXS INSE APPS GOAL AUTG INSG HUM
Interim results are in line with expectations. Despite a very challenging automotive market backdrop the Group is seeing positive momentum with first half sales ahead sequentially. Management expect to deliver improving margins through a focus on cost control and operational efficiencies and to drive growth through the conversion of a strong and growing sales pipeline. In this regard, Neptune volumes are continuing to build strongly with new business worth £2.5m p.a. won in the first half.
Autins has issued a trading update highlighting the impact of challenging conditions in the automotive industry. Whilst full year revenues are expected to be broadly in-line with market expectations, the Group has not yet been able to fully capture the expected benefits of its cost control measures and planned operational improvements against this backdrop. As such, management now anticipate that EBITDA will be closer to breakeven for FY2019E, which compares to our prior EBITDA expectation of £1
Renold plc—a leading international supplier of industrial chains and related power transmission products, announced that it will cancel the listing of the Company from the premium segment and apply for admission on AIM. Expected 06 June 2019.
Alumasc Group plc, the prem ium building products, system s and solutions group, has announced its intention to m ove from the Premium Segment of the main market to AIM. Expected market cap of £33.4m. Expected 25 June 2019
Companies: ANR AFRN TPG XPD SSY AAU DELT PANR THR AUTG
Research Tree provides access to ongoing research coverage, media content and regulatory news on Autins Group Plc.
We currently have 25 research reports from 4
The market (and FDEV) is projecting an ambitious step-change in financial performance in FY 22 and FY23. Investors however may recall that Elite Odyssey updates have been delayed. For a variety of reasons, we believe there is some residual risk of disappointment here. Hence, we prefer to sit on the side-lines. Buy
Companies: Frontier Developments Plc
Mixed feelings following the Q3 results: the maintained FY margin guidance reassured in the current inflationary environment, but the Q3 volume decline raises questions about the trade-off between pricing and volumes.
Companies: Unilever PLC
Zytronic’s pre-close update confirms a considerable turnaround in performance in H2. Whilst partially flagged in the September update, the full year outturn is better than expected, driven by a significant improvement in sales (+44% H2 versus H1) and careful cost control. Operating profit of £0.5m is comfortably ahead of our break-even forecast and net cash of £9.2m is £1m ahead. Although mindful of industry supply chain issues, we consider the recent run rate a sensible guide for FY22 and intro
Companies: Zytronic plc
Companies: MJ Gleeson PLC
Tungsten West (TUN.L) has joined AIM. Tungsten West is the 100% owner and operator of the historical Hemerdon tungsten and tin mine located near Plymouth in southern Devon. Hemerdon represents the world's third largest tungsten mineral resource, with a JORC (2012) compliant Mineral Resource Estimate of approximately 325Mt at 0.12 WO3. Capital raised on Admission: £39m. Anticipated Mkt Cap: £106.2m.
Future Metals NL (ASX:FME, FME.L) (formerly named Red Emperor Resources NL) had joined AIM
Companies: SOLI RBD ALU ATQT BBI CWR DRV ORCP WATR
Companies: Accrol Group Holdings plc
No Joiners Today
No Leavers Today
What’s cooking in the IPO kitchen?
Arrow Exploration Corp. (AIM: AXL ; TSXV: AXL) , the oil and gas exploration and production company, has conditionally raised approximately £8.8m and is due to complete its dual listing on AIM on 25 Oct. Market cap c£13.1m.
Devolver Digital to join AIM, an award-winning digital video games publisher and developer in the indie games space. Recently awarded indie 'Publisher of the Year 2021' by GamesIndustry.biz.
Companies: ZYT CIC DMTR GILD LMS MMAG PYC SMRT SBI
Accrol has issued a trading update confirming that cost pressures both from input and distribution costs has intensified over recent weeks echoing trends we have seen in other industries. Revenue pressures have also built as fulfilment becomes more challenging. These headwinds are reflected in our downgrade to EPS forecasts of 37.4% and 18.3% in FY22E and FY23E respectively. Over the long term we continue to believe Accrol is a strategically important asset with a key position in a resilient mar
Solid State is a manufacturer of computing, power and communications products, and value added supplier of electronic components. This morning, the group has released a robust update covering the six-month period to 30 September 2021, with the Willow and Active Silicon acquisitions performing ahead of management expectations. The order book as at the end of September stood at a record level of £61.5m, an increase of 48% since the beginning of the financial year and leading to the Board's confide
Companies: Solid State plc
Shoe Zone’s accelerated digital strategy and defined store rationalisation programme, alongside decisive action on cost control and cash preservation, means the Group is emerging from the pandemic as a leaner, stronger and more resilient business. Robust cash generation means we expect the Group to be debt free and able to reinstate its dividend in the current year.
Companies: Shoe Zone PLC
Victoria has issued a positive half-year trading update that confirms underlying profit before tax for FY2022E will be ahead of consensus market expectations. Against a background of strong consumer demand for its flooring products, the first half has seen record operating earnings. Management expect this demand picture to continue into next year and beyond with the added support from the high level of housing transactions which is a good lead indicator of future refurbishment activity. Septembe
Companies: Victoria PLC
discoverIE’s trading update confirmed that performance in H122 was ahead of board expectations, with organic revenue growth of 15% y-o-y and 8% versus the pre-COVID H120. Despite supply chain challenges, the company maintained gross margins. Q222 order intake continued in the same strong vein as H221 and Q122, resulting in a record order book entering H222 and driving a small upgrade to our FY22 and FY23 forecasts.
Companies: discoverIE Group PLC
The group has announced an encouraging half-year update, with a strong increase in revenues profits and order book seen. Unsurprisingly, there have been some supply chain challenges, although these have also resulted in customers placing longer-term orders thus giving the group better visibility as well as necessitating higher levels of stocking. Management indicates it is confident of achieving market FY expectations, with the potential for some upside in H2 dependant on component supply chain
Hermès published consensus-beating results. All business lines and all geographical regions experienced a better-than-expected quarter. Unlike its industry peer, which recorded softer growth in Asia due to the COVID-19-related restrictions, Hermès reached 29% of sales growth in Asia, mainly driven by China.
While we had been worried that the Chinese government’s ambition for wealth redistribution would hold back luxury spending, Hermès has proved with solid figures that, even though the growth
Companies: Hermes International SCA (RMS:EPA)Hermes International SCA (RMS:PAR)
The interim results again showed strong PBT growth (44%) helped by the ongoing trend of an improving product mix as well as a relatively more favourable currency impact. We retain our profit forecasts but see potential for upside if positive trading momentum continues. The balance sheet again continues to strengthen with net cash up to £12.5m and the interim dividend was increased by 10% to 3.80p. With underlying trading remaining positive, we continue to feel that an FY17 P/E rating of 15.6x i