2019 Results – Likely Investor concern over debt
Companies: Zotefoams plc
US & German manufacturing PMI hits lowest readings since 2009, UK manufacturing PMI heads below 50, BorgWarner expects material financial impact from customer production halts
Companies: AVON CGS HAYD HEAD HILS JHD RNO SCPA TWD TRI ZTF SOM GHH
Japanese PMI falls to lowest level since 2009, GE Aviation cuts 10% of workforce, Kone downgrades 2020 outlook
Companies: CGS HAYD HEAD HILS JHD OXIG RSW RNO TWD ZTF SOM GHH
2019 Summary Results
Airbus secures €15bn credit facility but partially restarts production in France & Spain, Cummins suspends production and FY20 guidance as customers shutdown
Companies: CGS HAYD HEAD HTG OXIG RSW RNO ROR TWD TRI ZTF GHH
German sentiment posts largest fall since 1991, US non-residential construction backlog rose in Jan, Daimler suspends European production for (initial) 2 weeks
Companies: CGS JHD OXIG RSW RNO SCPA TRI ZTF SOM GHH
New York Empire State Manufacturing Index falls to lowest reading since 2009, Boeing reports need for short-term funding as S&P downgrades rating to BBB
Companies: CGS HAYD HILS RNO SCPA TWD TRI ZTF SOM GHH
China's industrial production falls 13.5% y/y across Jan-Feb, UK manufacturing body expects 2.1% fall in output in 2020, Fiat Chrysler & Ferrari suspend production
Companies: CGS HAYD HEAD HTG OXIG RSW RNO SCPA TWD TRI ZTF GHH
India's industrial production rises ahead of estimates in Jan but autos production falls 18% y/y in Feb, Caterpillar dealer stats show 11% y/y fall in sales for Feb
Companies: HILS RSW RNO SCPA TRI ZTF SOM GHH
UK GDP flat in Jan missing estimates, Japan's machine tool orders fall 30% y/y in Feb, Boeing falls 18% yesterday as draws down loan
Companies: CGS HAYD HEAD HILS HTG JHD OXIG RSW RNO ROR SCPA TWD TRI ZTF SOM GHH
German industrial production rose above expectations in Jan, Taiwan's exports rise in Feb but expect March decline, US machine tool orders fall 34% in Jan
Companies: CGS HAYD HEAD HILS HTG JHD OXIG RSW RNO SCPA TWD TRI ZTF GHH
Oil price falls 30%, Chinese exports fall 17% in Jan-Feb, Japan's Q4 GDP revised down to 7% fall, Continental forecasts 2020 decline in global car production
Companies: AVON CGS HAYD HEAD HILS HTG JHD OXIG RSW RNO ROR SCPA TRI ZTF SOM GHH
US ISM manufacturing falls to 50.1 in Feb missing estimates, India's manufacturing PMI falls in Feb to 54.5, US construction spend rises ahead of expectations in Jan
Companies: HAYD HILS OXIG RSW RNO ROR SCPA ZTF GHH
US durable goods falls less than expected in Jan, Japan and South Korean industrial production beat Jan estimates, CRH sees growth in US construction markets
Companies: AVON CGS HAYD HEAD HILS JHD OXIG RSW RNO SCPA TWD TRI ZTF SOM GHH
South Korean manufacturing confidence falls, North American truck 8 orders declines m/m in Jan but is up y/y, Weir sees challenges in North American oil & gas
Companies: CGS HTG OXIG RSW RNO SCPA ZTF SOM GHH
Research Tree provides access to ongoing research coverage, media content and regulatory news on Zotefoams plc.
We currently have 83 research reports from 5
AGM’s prelims confirm a solid year of progress with customer engagement and technology development continuing despite the challenges of COVID from early 2020. The results are in line with expectations, with the benefits of last year’s cost realignment being seen in reduced losses and effective cash management. The market opportunity remains significant, as reflected by continued growth in the pipeline. Commercial highlights include the promising partnership with Blocksil, which should support revenue growth over coming periods, as should the recent expansion of the distribution network.
Companies: Applied Graphene Materials Plc
Applied Graphene Material’s (AGM’s) FY20 results show the beneficial impact of management’s decision in October 2019 to focus on dispersion and application technology to better support product development with those customers presenting the nearest-term revenue opportunities. Revenues increased by 66% year-on-year in FY20 to £83k and adjusted EBITDA losses narrowed by £1.5m to £3.1m. With three new customer products launched in FY20 and three launched so far in FY21, progress looks set to continue.
Upon Admission to AIM, Nightcap will acquire The London Cocktail Club Limited (the "London Cocktail Club"), which is an
award winning independent operator of ten individually themed cocktail bars in nine London locations and one location in Bristol.
Offer TBC Due mid Jan.
HSS Hire Group, HSS.L transfer from Main to Aim. Mkt Cap c. £70m. Recently raised £52.6m. Leading supplier of
tool and equipment for hire in the United Kingdom and Ireland and has provided equipment hire services in the United Kingdom for
more than 60 years, primarily focusing on the B2B market. Due 14 Jan.
VH Global Sustainable Energy Opportunities plc, a closed-ended investment Company focused on making sustainable
energy infrastructure investments, today announces intends to launch an initial public offering of shares on the Official List
(Premium) of the Main Market of the London Stock Exchange. Due by Early Feb.
Companies: SAR CREO VRS JDG CCT MPAC ALS AVCT EAH GCM
UK Nov GDP and industrial output misses but construction output beats, China's Dec exports rise ahead of expectations
Companies: Elementis plc
Treatt has performed well during FY20 despite the pandemic. There was strong momentum across the tea, health & wellness, and fruit & vegetables categories, and citrus markets recovered as expected. The strong growth across the non-citrus segments is resulting in a slightly reduced dependence on citrus (now 50% of sales). The UK relocation was slowed down as a result of the first lockdown, but the building work is now complete and the move will begin in mid-2021. While management report a strong start to the new financial year, the outlook is understandably uncertain: demand is not expected to return to normal levels before the end of FY21 or into FY22, though management is confident the business is in the best possible shape to face the uncertainty. The FY20 results demonstrate this, with a good cash performance and a 9% increase in dividends implying management’s confidence in the year ahead.
Companies: Treatt plc
Altus Strategies* (ALS LN) – BUY, 132p – Altus hits giant intersection of gold mineralisation
Arkle Resources* (ARK LN) – Trenching at the Inishowen project identifies gold-bearing veins
Mkango Resources* (MKA LN) – Approval for the exercise of warrants on amended terms
Ormonde Mining* (ORM LN) – Further deferral of AGM
Rainbow Rare Earths* (RBW LN) – Rainbow completes acquisition of Phalaborwa tailings and REE pilot plant
Power Metal Resources* (POW LN) / Kavango Resources (KAV LN) – $150,000 paid ahead of schedule to progress Botswana JV
Trans-Siberian Gold (TSG LN) – Two fatalities at the Asacha mine lead to suspension of Vein 25 operations while investigation proceeds
Versarien* (VRS LN) – Versarien appoints Sr Stephen Hodge as Chief Technology Officer
Companies: MKA ORM POW ALS ARK KAV RBW TSG VRS