Research that is free to access for all investors. Companies commission these providers to write research about them.
Brokers who write research on their corporate clients and make it available through our main bundle offering.
Research that is paid for directly by asset managers. Only accessible to institutional investors permissioned for access.
Event in Progress:
Research Tree provides access to ongoing research coverage, media content and regulatory news on Manz AG. We currently have 0 research reports from 0 professional analysts.
Surface Transforms (SCE) has announced the raising of £6.5m new equity and is launching an Open Offer to shareholders. It is raising capacity and quarterly revenue but has needed to address the two sets of production constraints it faced: scrappage and process-line pinch points. Pinch points have been much reduced through capital expenditure and expert maintenance teams. Major capital expenditure is ongoing and unaffected by the fund raise. The scrappage from the fast ramping up of volumes is re
Companies: Surface Transforms PLC
Hardman & Co
Please find below our weekly update covering themes that we feel that are of interest to investors and participants in the small and mid-cap TMT sector as well as commentary on recent newsflow.
Companies: CSFS MBT PPS MIRI
Allenby Capital
Companies: 88E MTC TIA DEC ULTP
Cavendish
16th April 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: Electric Guitar (ELEG.L) Concurrent with its Admission to trading on AIM, Electric Guitar is proposing to acquire the entire issued share capital of 3radical Limited for
Companies: IP BILN SAR GATC ASTO PHE SHOE CCS IP CUSN
Hybridan
Ceres Power Holdings’ innovative technology uses electrolysis to produce green hydrogen and solid oxide fuel cells to generate power. In a year where it moved to the Main Market of the London Stock Exchange, it recorded revenue growth of 13% and gross margin expansion to 61% (the highest in the sector, according to management), but is yet to record an operating profit (FY23 operating loss of £59.4m versus £54.0m in FY22). Ceres continued its strategy to drive innovation and technology across sol
Companies: Ceres Power Holdings plc
Edison
13th May 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced Dish of the day Admissions: Delistings: Shanta Gold (SHG.L) has left AIM. What’s baking in the oven? ** Potential**** Initial Public Offerings: 7th May: Time To ACT plc, an engineering business focused on technology for the energy transition sector, has announced its intention to seek Admission to t
Companies: MDZ CREO JADE KIST
We have completed another periodic refresh of our value screen, first established in our inaugural quant/screening note of 26 May 2015. As usual the screen selected the 25 stocks exhibiting the most extreme value characteristics (based on 2016 consensus P/E and latest price to tangible book ratio) from our universe, and we have chosen 10 stocks to focus on. Since inception last year the screen has outperformed the main small-cap and micro-cap indices (by about 8pp and 3pp respectively) and has p
Companies: BILN BOOT CGS LVD GOAL VTU CARR
Singer Capital Markets
Character Group traded satisfactorily in the first half, even though pressure on consumer expenditure continued to create challenging trading conditions. The Group was able to deliver a robust performance while enjoying a solid balance sheet and strong cash generation. Given the encouraging first half performance and the Group’s continued resilience, the Board expects that adjusted PBT will exceed market expectations. Consequently, we have increased our PBT forecast by 10% and continue to view t
Companies: Character Group plc
This morning's announcement from SPSY highlights the company's innovative technology in the interest of “meet[ing] clients' needs”. A global first from SPSY, today's news heralds the first polymer banknote substrate which will be certified as sourced and manufactured through an accredited circular supply chain, commencing with Toray Plastics America, SPSY's partner. This new development follows on from SPSY's invention of the Fusion substrate, a transformative technology which we expect to mak
Companies: Spectra Systems Corporation
WHIreland
Companies: ITV RR/ KWS JD/ SENX
Shore Capital
Companies: UTL ASC DNLM BWNG MONY DFS BOO
Backblaze has reported Q1 results at the top end of the guidance range with revenue of $30.0m versus a guidance range of $29.6-30.0m, and adjusted EBITDA margin of 6.4% versus a guidance range of 4-6%. The company has maintained its guidance for FY24, with revenue guidance $126-128m and EBITDA margin of 8-10%. The company ended Q1 with cash and liquid assets of $32.8m and reiterated its expectation to have at least $20m at the end of FY24. We are maintaining our financial forecasts for FY24E and
Companies: Backblaze, Inc. Class A
Revolution Beauty Group’s (REVB’s) capital markets day (CMD) provided an opportunity for the new management team to present its refocused strategy: to become a top five global beauty brand by 2030. Management aims to drive product innovation at affordable prices, tailored to the demands of its target Generation Z consumer. REVB will continue to develop its online and offline routes to market with new and existing direct-to-consumer (D2C) and business-to-business (B2B) partners, using data to gro
Companies: Revolution Beauty Group plc
LVMH published mixed results for H1 23. The stronger-than-expected recovery of Chinese demand for leather goods have offset the decline in the cognac business mainly in the US. However, the normalised promotional actions for Cognac in the US and higher A&P spending for the leather goods business have weighed on profitability during the first half. Although the weakening consumer environment in the US is likely to continue, LVMH confirms that the margins for FY23 will be at least the same as i
Companies: LVMH Moet Hennessy Louis Vuitton (MC:EPA)LVMH Moet Hennessy Louis Vuitton SE (MC:PAR)
AlphaValue
CAP-XX reported 59% year-on-year growth in product sales for the six months ended 31 December 2023 and an orderbook that is up 33% year-on-year, which we believe demonstrates a turnaround for the company. Looking ahead, the second half of FY24 should include both the benefits from the new management’s new sales and distribution strategy, and an increase in production from the commissioning of the DMH product manufacturing line. However, we have taken a conservative view on the benefit of this, w
Companies: CAP-XX Limited
Share: