LIBERUM: Kier Group - Visit re-assures on outlook for HS2

LIBERUM: UK Small & Mid Cap Dispatches

LIBERUM: Morning Comment

LIBERUM: Kier Group - Continued margin strength

LIBERUM: Kier Group - Strong H1 performance but some headwinds expected in H2

LIBERUM: Kier Group - Trading in line, with better cash expected in H2

LIBERUM: Kier Group - In line trading and expect no near term effect from Autumn Statement

LIBERUM: Kier Group - Improving cash in FY 24 should justify a dividend

LIBERUM: Kier Group - Improving cash in FY 24 should justify a dividend then

LIBERUM: Morning Comment

LIBERUM: Kier Group - Order book up c. 26%

LIBERUM: Kier Group - CMD highlights disciplined growth

LIBERUM: Kier Group - A target rich environment

LIBERUM: Kier Group - Medium-term targets in sight

LIBERUM: Kier Group - Results slightly ahead but no change to estimates

Continued strong growth

Invinity Energy Systems - First Mistral Order Signed

Invinity has delivered on its promise of an initial sale of its next-generation Mistral flow battery with a conversion of an existing order to the new technology. The new technology offers better margins and the deal will target deployment in a grid balancing application highlighting a key use case for flow batteries. An additional MoU brings the opportunity for expanded manufacturing capacity to support further orders with the client already targeting a further 255MWh.

Record result but rising costs

Mpac Group+ (MPAC, House Stock at 210p) - HY results; recovery continues

LIBERUM: Restocking Indicator to HOLD: Pair trade opportunities

LIBERUM: Judges Scientific: Strong H1, FY23E well underpinned

Hybridan Small Cap Feast - 11 Sep 23

11th September 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment ob

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

Judges Scientific - Interim results – Excellent H1 underpins FY2023 with upside potential to FY2024E

Judges Scientific is a group focused on acquiring and developing companies in the scientific instrument sector. Judges has delivered an excellent first half with order books reaching a new mid-year record of 22.4 weeks. H1 revenue increased by 32% (organic +16.5%) to £61.3m (H1-22: £46.4m) which helped yield an adjusted pre-tax profit of £12.8m (H1-22 £9.6m), a 33% YoY increase (organic: +12%), with EBITA margin climbing to 23.2% (H1-22: 21.8%). Adjusted fully diluted EPS increased 22% to 150.3p

Interims and earnings update

SDI Group - FY 2023 results – Atik OEM contract now in the past

SDI reported adjusted FY 2023 results in line with its trading update of 11 May, save for lower (£1.4m) revenues, which were due to its auditors’ view on revenue recognition. With its Atik camera OEM customer contract having come to an end, the focus is on driving organic revenue growth, which was 7.2% (6.4% CER) in the year. With a positive start to the year and expectations of meeting market forecasts, a strong M&A pipeline and the prospect of further acquisitions in FY 2024, we make minor cha

LIBERUM: SThree: Q3 demonstrates further resilience

LIBERUM: Safestyle: Looking to strengthen balance sheet

Powerhouse Energy - Key Patent Protection Granted

Powerhouse has achieved important protection of the IP around its Distributed Modular Generation technology. This adds to additional protection from the complexity of all ATT processes which already gives the company a high degree of know-how protection. The move helps to consolidate the IP in our view and brings useful validation to the technology.

Water Intelligence - Positive H1 results, adj. PBT up 18%, cash on the balance sheet

WATR has published a strong set of results this morning, featuring a c.9% lift in revenues, growing margins, double digit profit expansion and net cash on the balance sheet. WATR supplies in-demand water leak detection and related services across the whole of the US, and also in international markets including the UK, Australia and Canada. The company's operating model has generated double-digit CAGR consistently over the past decade, and this is another set of results which highlight WATR's ac