LIBERUM: Costain Group: A positive outlook

LIBERUM: Costain Group: H1 23 strong and in line; outlook unchanged

LIBERUM: Costain Group: New pension agreement = reduced recovery payments

LIBERUM: Costain Group: Contract worries overdone; no change to estimates

LIBERUM: Costain Group* - In line update with strength in Natural Resources off-setting Transportation

LIBERUM: Costain Group* - Coming off the naughty step

LIBERUM: Costain Group* - Free cash more than 50% market cap

LIBERUM: Costain Group* - Strong cash generation and more orders expected in H2

LIBERUM: Costain Group* - Strong cash generation and more orders expected in H2

LIBERUM: Costain Group* - Cash now greater than market cap

Costco Wholesale Corp: Business Model, Key Drivers, Financial & Price Forecasts, DCF & Comparables Valuation, ESG & Other Risks (06/22)

Costco delivered a strong set of results in the previous quarter with a particularly solid performance from categories like candy, sundries, tires, toys, jewelry, kiosks, home furnishings, apparel, bakery, and deli. The company’s membership fee income was $984 million, or 1.91% of sales, compared to $901 million, or 2.03% last year. This represents an increase of $83 million or 9.2% year over year. Furthermore, they had 64.4 million paid households and 116.6 million cardholders at the end of Q3,

Costco Wholesale Corp.: Financial & Price Forecasts, DCF Valuation, ESG & Other Risks (03/22)

Costco has delivered an outstanding result with a rise in net sales over the year. The renewal rates of the company are continuing to benefit from the auto-renewing of more members. Interestingly, Costco has an increased penetration of executive members who renew at a rate higher than non-executive members. Despite the increasing and ongoing inflationary pressures, the company has maintained gross margins well on account of price increases. The management now plans to expand its warehouse and ha

LIBERUM: Costain Group* - Consulting alone justifies the valuation

LIBERUM: Costain Group* - FY results EPS and cash ahead

Record next-generation award

Invinity Energy Systems - Mistral Funded For 84 MWh

Invinity has followed the first sale of its Mistral flow battery with the news that the US Department of Energy will make funding available for 84 MWh of these larger units at six sites. This is major potential business in its own right but will also create a portfolio of reference sites, effectively seeding the US market for Invinity. The move gives us confidence in our long-term forecasts. We have factored in a gross margin gain for FY 24 and FY 25 as Mistral gains relative to the older VS3 pr

LIBERUM: Yü Group: More upgrades - again

Strix (KETL LN) - Interim results & CMD

Strix has announced interim results for the six months to June showing revenue up 28.6% to £65.2m. The strong top line growth, driven by its 2022 acquisition of Billi, has resulted in gross profits rising 22.6% to £23.9m. Excluding Billi, revenue was down c. 14% yoy. Following updated guidance in today’s announcement, along with its Capital Markets Day, we adjust our forecasts to reflect the slower than anticipated economic recovery along with the impact rising interest rates have had on profita

Focussing on light duty

LIBERUM: Yü Group: More upgrades - again

SP Angel Spec Sits: (YUG) H1 2023: Revised EBITDA Target of £33m+

YUG announced its finacial results for H1 2023 with revised Adj. EBITDA expectations for the year of over £33m, from ~£19m currently.

Interims and earnings update

LIBERUM: ATOME Energy : Poised for a re-rating

LIBERUM: Yü Group: Share price fails to reflect the growth

Ultimate Products+ (UPGS, House Stock at 117p) - European showroom opens in Paris

ATOME Energy - Progress on Projects

ATOME’s interims reflect the company making rapid progress in developing its green fertilizer projects in Paraguay with Phase I Villeta hoping to reach FID before the year end. The expansion of secured electricity now sees the company with power purchase agreements supporting 445MW of capacity in country.

Robust results, forecasts updated for acquisitions

Avingtrans has reported a robust set of FY23 results with EBITDA growth of 10.6%, marginally ahead of expectations. The Group entered the current year with good momentum and a strengthened order book that now provides over 90% visibility for FY24 and over 45% for FY25. Post year-end the Group acquired the assets of Slack & Parr, a specialist pump manufacturer, and also recently completed the acquisition of Adaptix, a manufacturer of compact 3D X-ray machines, as well as investing further in Magn

Strong 1H trading

LIBERUM: Safestyle: Looking to strengthen balance sheet