Equity Research, Broker Reports, and media content on Ilika

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  • 02 Apr 20
LIBERUM: ilika* - Reinstating coverage after growth placing

We are reinstating coverage with a Buy rating and price target of 50p following the recent £15m share placing to fund production scale-up for micro-batteries. Our TP reflects a DCF of the micro-battery business which has sufficient customer interest to achieve over £12m annual sales by FY23 and £25m later this decade we believe, generating EBITDA of £1.7m and £7m respectively.

Companies: Ilika
  • 06 Mar 20
LIBERUM: ilika* - Growth placing for solid state micro-battery scaleup

ilika has announced details of a c.£17m proposed placing and open offer. This will be used to fund investment in the scale-up of production for its solid state micro-batteries using wafer manufacturing partners as well as strengthening the balance sheet and providing additional working capital.

Companies: Ilika
  • 24 Jan 20
Executive interview - Ilika
executive-interview-ilika-24-01-2020
  • 17 Dec 19
LIBERUM: CEO Video: Graeme Purdy, Ilika

In these three short videos Ilika CEO, Graeme Purdy discusses Ilika’s involvement in one of the areas of the EV battery market attracting most interest – solid electrolytes. He discusses the potential advantages when a solid electrolyte replaces a liquid solvent electrolyte, the target applications Ilika is addressing and the main adoption challenges.

Companies: Ilika
  • 13 Dec 19
Ilika (IKA) - Capital Markets Day December 2019: Solid-state battery technology.
ilika-ika-capital-markets-day-december-2019-solid-state-battery-technology-13-12-2019
  • 08 Oct 19
Small Cap Feast

Kaspi.kz, the largest Paym ents, Marketplace and Fintech Ecosystem in Kazakhstan w ith a leading m arket share in each of its key products and services, has postponed its Initial Public Offering due to unfavourable market conditions. Registration document approved for Helios Towers. The Group provides essential network services, flexible infrastructure solutions and reliable power supply to mobile network operators in five African growth economies. Revenue increased 7 per cent. year-on-year to US$191m (H1 2018: US$178m), with Adjusted EBITDA up 15 per cent. year-on-year at US$99m (H1 2018: US$86m) for the six months ended 30 June 2019. Pricing rumoured at 115p to 145p implying valuation of up to $1.8bn

Companies: CCS IKA SGM DDDD SPA PPH SOLO SO4 RQIH QFI

  • 01 Oct 19
STATE OF CHARGE - INVESTMENT OPPORTUNITIES IN EV CHARGING

Government bans on new fossil fueled vehicles in many major economies are likely to drive significant growth in electric vehicles (“EVs”) over the next twenty years. This will create growth in electricity demand from EV charging. The volume of energy to be supplied creates opportunities for both supply companies and generators and the provision of charge points is already creating a new industry. However, the timing of this demand puts pressure on local distribution infrastructure. While smart charging and vehicle to grid technology offer solutions, we believe these will only be partial given likely charging behaviour and as a result there will be demand for additional grid capacity and for other solutions. These other solutions include charger located storage and distributed generation.

Companies: CNA NG/ YU/ DRX GOOD RED SMS IKA AFC

  • 10 Sep 19
Small Cap Feast

AMRYT PHARMA PLC— a biopharmaceutical company focused on developing and delivering innovative new treatments to help improve the lives of patients with rare or orphan diseases have raised $60m before expenses and will relist on the AIM Market on the 25/09/2019

Companies: IMMO MERC IQG DUKE ZIN FUM AGL ULS ODX IKA

  • 11 Jul 19
LIBERUM: Ilika* - Solid battery commercial progress in FY19

Solid state battery developer Ilika made good commercial progress in FY19 growing revenues by 26% whilst trimming net losses slightly. Cumulative corporate enquiries reached ca.115, up from ca.95 a year earlier.

Companies: Ilika
  • 29 May 19
Small Cap Feast

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 premium building products, systems and solutions group, has announced its intention to move from the Premium Segment of the main market to AIM. Expected market cap of £33.4m. Expected 25 June 2019

Companies: ALBA NET IKA PRTC SPSY ITX AVAP RDT CGNR VDTK

  • 10 Apr 19
Small Cap Feast

Techniplas –global producer and support services company providing highly engineered and technically complex components, making the supply chain to original equipment manufacturers more efficient. FYDec17 rev $515m. Loungers plc—the operator of 146 café/bar/restaurants across England and Wales under the Lounge and Cosy Club brands, announces its intention to seek admission on AIM, offer TBC, expected late April. SDX Energy plc—a North Africa focused oil and gas company, announces its intention to complete a Canadian plan of arrangement under section 192 of the Canada Business Corporations Act and will have shares de-listed from the TSX-V and admitted to trading on AIM. Expected 28 May 2019, anticipated market cap of £76m

Companies: NXR FIH IKA STCM STU PHE bmn PEG PTAL

  • 07 Mar 19
Small Cap Feast

Techniplas –global producer and support services company providing highly engineered and technically complex components, making the supply chain to original equipment manufacturers more efficient. FYDec17 rev $515m. Diaceutics, a data analytics and implementation services company which services the global pharmaceutical industry, is looking to join AIM late March, offer TBC.

Companies: MATD SML BLOE AGL KOOV IKA QUIZ PPIX SEN SOU

  • 24 Jan 19
Executive interview – Ilika
executive-interview-ilika-24-01-2019
  • 23 Jan 19
Executive interview – Ilika
executive-interview-ilika-23-01-2019
  • 17 Jan 19
LIBERUM: Ilika* - Solid battery commercial progress in 1H

Solid state battery developer Ilika made good commercial progress in 1H (6m ending October) whilst maintaining operating losses at a similar level to the year earlier. By the end of 2018, engagements had reached ca.90 corporates up from ca.70 a year earlier.

Companies: Ilika

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Ilika. We currently have 65 research reports from 7 professional analysts.

Open
N/A
Range Today
N/A
52 Week
20.5/49.9p
Daily Volume
N/A
# Shares
138.6m
Daily Liquidity
(0.03%)
Pension Liability
£0m
Enterprise Value
£35.7m
Market Cap
£48.5m
Latest PE (hist)
Div Yield

Latest News/RNS

(more news)
Date Source Announcement
30Mar20 16:25 RNS Holding(s) in Company
30Mar20 14:40 RNS Holding(s) in Company
27Mar20 17:26 RNS Holding(s) in Company
27Mar20 10:58 RNS Holding(s) in Company
27Mar20 09:00 RNS Award of Share Options, Exercise of Options & TVR
25Mar20 13:45 RNS Results of General Meeting and Open Offer & TVR
25Mar20 11:06 RNS Second Price Monitoring Extn
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  • 25 Mar 20
LIBERUM: Sylvania Platinum* - Best placed miner to weather the storm

Sylvania's share price has fallen 53% since its peaked on the 21st Feb, as the global economy hit the brakes. The short term demand outlook for PGMs is miserable, with supply chains breaking down as both luxury goods and car sales sales collapse.

Companies: Sylvania Platinum
  • 30 Mar 20
Cenkos: Oil & Gas Sector --

Oil declined for a fifth straight week amid a one-two punch from collapsing demand due to the coronavirus crisis and ballooning supply from producers vying for market share. Futures in New York slumped 4.8% on Friday and are poised for the biggest quarterly drop on record as weak demand and an onslaught of supply roil markets. Refineries across the globe are curbing consumption as fuel use declines with people staying home. Meanwhile, major trader Trafigura Group expects as much as 1 billion barrels to be sent into storage tanks. More oil is headed into stockpiles as the Russia-Saudi war for market share that exacerbated crude's crash this month shows no sign of abating. The kingdom held firm on Friday, saying it hasn't had any contacts with Moscow about output cuts or on enlarging the OPEC+ alliance of producers. Russia also doubled down, with Deputy Energy Minister Pavel Sorokin saying oil at $25 a barrel is unpleasant, but not a catastrophe for Moscow. US crude has tumbled about 65% so far this quarter. The crash has crippled domestic producers who are forced to cut production for the first time in 35 years. The International Energy Agency this week warned that global demand was in “free fall” amid coronavirus lockdowns. Meanwhile, Iraq -- OPEC's second-biggest producer -- will allow national oil companies to boost their output and export without imposing any ceiling. Algeria has asked for an emergency OPEC board meeting to discuss the cuts. It comes as one of the world's largest supertanker owners said that ships are being filled with crude at a record pace, as land storage rapidly diminishes. Prices:  West Texas Intermediate fell $1.09 to settle at $21.51 a barrel in New York on Friday. Prices dropped 4.1% this week.  Brent crude lost $1.41 to settle at $24.93 a barrel.  Swaps markets show that physical crude is selling several dollars below benchmark prices. The signs of storage starting to fill are growing, too. Inland tanks for heating oil in Germany are now full, while Pakistan banned oil imports on Thursday because its stockpiles are now sufficiently built up. Rigzone.

Companies: FOG PVR 88E DGOC EME POS TRIN UOG

  • 02 Apr 20
Cenkos: Shearwater Group Plc -- Resilient cyber performance

Shearwater sells resilience and today's trading update shows us how resilient demand has been for its products and services. The Group has swung to EBITDA profitability and cash flow is well ahead of expectations. The macro themes of cyber security and remote working are supportive of robust demand levels going forward. We are maintaining our forecasts. Buy.

Companies: Shearwater Group
  • 30 Mar 20
WHI Equity Research: i3 Energy (I3E)

Strategic Production Acquisition and TSX Listing i3 Energy announced today that is has entered an option agreement to acquire all of the outstanding shares of TSX listed Toscana Energy Income Corporation. Toscana produced on average 1,065 boe/d in 2019 and has 2P reserves of 4.65 mmboe of which 55% consists of oil (and natural gas liquids) and 45% consists of natural gas. Toscana's low-decline production is located in Western Canada. Toscana's lands include a very large holding over one of Western Canada's leading new oil plays targeting the Clearwater formation. i3 Energy has acquired the entirety of Toscana's $C28.2M of senior and junior secured debt for $C3.4M representing a price of $C0.12 per dollar of outstanding debt. i3 is now Toscana's secured lender. The debt purchase was funded with i3 Energy's existing cash resources. i3 Energy has agreed to issue up to 4,399,224 of its shares, representing circa 4% of i3 Energy's existing share capital to acquire the entirety of Toscana's shares, representing a market value of circa $C0.55M based on the market values of 27 March 2020. We believe the announcement represents a positive and transformational change for i3 Energy.

Companies: I3 Energy
  • 27 Mar 20
Cenkos: Diversified Gas & Oil Plc -- In a league of its own

Diversified Gas & Oil is emerging as a new model for the E&P market, balancing low fixed costs with efficient operations to generate consistent cash flows. Since the Company's foundation, DGO's strategy has remained unchanged, delivering stable production, whilst maintaining capital discipline to deliver cash flows and shareholder returns. Efficient operations combined with low fixed costs means DGO can deliver strong margins at low prices - vital in the current environment. The DGO model does not follow that of its capital intensive North American “peers” and nor does it follow that of its international London listed “peers”, putting DGO in a league of its own. With many of the Permian oil producers and Appalachian gas producers cutting back on capex in the current price environment, we see a recovery in the gas prices, with the current oversupply of gas turning into an undersupply as production and stores fall away. We believe the M&A market will provide a great opportunity for DGO over the next 12-24 months, with inevitably some E&P's not being able to survive the current low price environment. We update our model incorporating the extension of the Company's asset retirement agreement with the state of Ohio, the latest forward price curves and the GBP/USD exchange rate, increasing our price target to 148p/share (from 121p/share) and our BUY recommendation.

Companies: Diversified Gas & Oil
  • 01 Apr 20
WHI First Light: Caledonia Mining (CMCL) & Touchstar (TST)

Caledonia today announces that it has taken the prudent decision to defer its approval for the payment of the second quarterly dividend (7.5c/sh - $0.9m - 7% of declared Caledonia cash). The Blanket mine in Zimbabwe remains in operation (at a slightly reduced capacity to secure Covid-19 social distancing) and the mine site remains well-stocked with supplies, so despite the current difficulties getting supplies from South Africa production at the mine can continue for some time to come; 2-3 months in our opinion, if the supply chain from South Africa ceased altogether. Touchstar is a supplier of mobile data computing solutions and managed services to a variety of industrial sectors. This morning, the group has released an update in light of COVID-19. The Board reports that it has taken swift action to re-engineer processes to adhere to government guidelines, whilst maintaining client service levels. Q1 2020 trading is reported to have been ‘broadly' in line, with revenue growth of 40% from continuing operations and outstanding orders to ship to customers in the coming months. Q1 was cash neutral, which follows on from the RNS on 5 February, of a net cash position of £849k as at 31 December 2019.

Companies: Caledonia Mining Corporation Plc Com Shs Npv Touchstar

  • 30 Mar 20
WHI First Light: Caledonia Mining (CMCL)

Caledonia today provides an update on its Blanket mine in Zimbabwe in the light of the full lockdown other than “for essential services” from today as ordered by President Mnangagwa. The mine is still operating as the authorities will grant exemptions for businesses which demonstrate they can operate in a manner that contributes to the management of the spread of Covid-19 infections. Caledonia has applied for this exemption.

Companies: Caledonia Mining Corporation Plc Com Shs Npv
  • 02 Mar 20
THE MONTHLY March 2020

Much of the UK’s privatisation programme took place between the early 1980s and the mid-1990s: subsequent sales have been few. Undoubtedly, privatisation attracted many private investors to the market, many for the first time.

Companies: AVO AGY ARBB ARIX BUR CLIG DNL FLTA GDR NSF PCA PIN PXC PHP RE/ RECI RMDL STX SCE SIXH TRX SHED VTA

  • 27 Mar 20
Hurricane Energy

Worker evacuated from Lancaster FPSO

Companies: Hurricane Energy
  • 30 Mar 20
Quadrise Fuels International - Business development intensifying

Quadrise’s business development activity has intensified in the last nine months, with progress on opportunities in Morocco, South America, Saudi Arabia (KSA) and the marine sector. COVID-19 will potentially extend the length of time taken to complete trials. However, management notes that the current low oil prices are not likely to have a material impact on interest in using its innovative MSAR fuel as a heavy fuel oil substitute.

Companies: Quadrise Fuels International
  • 30 Mar 20
Strategic financing from IIG

Ironveld has signed a range of conditional financing agreements with Inclusive Investment Group (IIG) that mark a step change in its ability to advance its iron, vanadium and titanium project in the prolific Bushveld Complex of South Africa. The agreements will see IIG provide Ironveld with $3.2m in both debt and equity with IIG to take a stake of up to 46.8% in the company subject to certain shareholder approvals. This locks IIG in as a meaningful strategic partner and should allow Ironveld to progress Phase I of its project while it seeks the broader financing required to bring it in to development

Companies: Ironveld
  • 02 Apr 20
Genel Energy

October 2019 Tawke and Taq Taq payments received

Companies: Genel Energy
  • 21 Oct 19
Quarterly Research Outlook Autumn 2019

Following continued delays of a Brexit agreement, few sectors within the UK market have remained attractive to investors despite low valuations. One sector which has continued to outperform despite the political drama has been the UK video gaming sector (henceforth UK gaming), which we are fans of. We believe a combination of sector-leading growth, strong cash conversion and timely cyclical positioning support our positive view on the UK video gaming sector.

Companies: ABBY AMS ANX ARS ATYM AVON BLVN PIER BUR CGS CAML CDM CSRT TIDE CYAN DTG DEMG ELM EMR FPO FDEV GTLY GENL GHH GRI GEEC GKP HMI HAYD HEAD HILS HTG HUR IBPO IOG INDI JHD JOG KAPE KEYS KWS KCT KGH LAM LIT LOK MACF MANO MOD OXIG PCA PANR APP SRE PHC PMO RBW RMM RBGP REDD RSW RNO ROR SUS SCPA SEN SHG SOLG SOM SUMO TM17 INCE TWD TRAK TRI VNET VTC ZOO ZTF

  • 16 Mar 20
Cenkos: Oil & Gas Sector - Diversified Gas & Oil, UK Oil & Gas, Trinity Exploration & Production, Tullow Oil, Cairn Energy, Pharos Energy, Vaalco Energy, Transglobe Energy, Valeura Energy, Touchstone Exploration, Serica Energy, Gran Tierra Energy, EnQuest

Oil posted the biggest weekly plunge since 2008, capping its most dramatic week in recent memory as major producers prepare to drench the market with supply just as the coronavirus crushes demand. But prices jumped following the close, after President Donald Trump said the U.S. would fill the nation's strategic reserve. Losses for the week totalled 23% after the collapse of talks between members of the OPEC+ group triggered the biggest crash in a generation. Instead of reaching a deal to cut output to mitigate the fallout from the virus, producers led by Saudi Arabia and Russia embarked on a war for market share and pledged to pump more.

Companies: TGL TXP VLU EGY GTE CNE DGOC ENQ SQZ UKOG TRIN TLW PHAR

  • 01 Apr 20
Oil & Gas Flash Note

Against the backdrop subdued commodity pricing, JKX has delivered another robust set of annual results. Yesterday’s FY19 figures show a 9.5% yoy increase in revenues, coming in at the upper end of guidance, and a 116% increase in PBT to US$30.4m. Operationally, FY19 was an active year for JKX, delivering material value accretive barrels to the company’s production base in the Ukraine, whilst declines in Russia at Well 20 have been largely offset by Wells 18 and 5. The Company’s shares currently trade at only 83% of annualised cash generated from operations, underlining its deep discount to NAV therefore offers compelling value to shareholders in our view.

Companies: JKX Oil And Gas