Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on ILIKA PLC. We currently have 24 research reports from 4 professional analysts.
|09Jan17 07:00||RNS||Half-year Report|
|14Dec16 07:00||RNS||IoT collaboration|
|23Nov16 07:00||RNS||Trading update|
|20Oct16 02:59||RNS||Holding(s) in Company|
|18Oct16 11:45||RNS||Holding(s) in Company|
|18Oct16 10:10||RNS||Holding(s) in Company|
|17Oct16 02:43||RNS||Result of General Meeting|
Frequency of research reports
Research reports on
10 Jan 17
"The time for talking is almost over. In just ten days, having been handed the keys to the White House, Donald Trump instead has to start delivering. Reality will strike when he faces the fact that economic and political cycles always move at remarkably different speeds. Should he recognise this fact by toning down his more extreme remarks and adopting a more realistic stance regarding what and when he can deliver, many world leaders will heave a sigh of relief although it will also cool expectations of some presently over-excited markets, particularly in US equities and the Dollar. Such cautionary thoughts appeared to pervade the overnight markets, most of which ended mixed to modestly down, with the Nikkei being the principal casualty as the US$ slide from Monday's highs against the Yen gathered pace and local commentators speculated over the chances of the coming administration voicing concerns regarding the problem of supporting exceptional Dollar strength. Weakness in energy shares following the slump in oil prices also pressured the principal US equity indices, with only the tech-heavy NASDAQ remaining in positive territory. In Asia, the ASX follow suit while Chinese shares closed mixed with the more international Hang Seng finishing in the positive as the Shanghai Composite ended modestly down having received mixed inflationary signals of marginally slowing consumer prices for December while the Producer Price Index spiked sharply up to 5.5% from an annualised 3.3% in November. Having raised expectations of the UK heading to a 'Hard Brexit', Theresa May's weekend comments saw Sterling dive to below US$1.22 yesterday, which boosted the FTSE100 with its quoted Dollar earners the principal beneficiary. Some of this looks to be given back this morning, however, following a letter from John Vickers, a former Bank of England Chief Economist who was responsible for steering the 2011 Independent Commission on Banking. His note pointed out the fact that low market-to-book values might well be highlighting a problem with underlying asset quality, something that cannot be ignored when trying to stress test the system. These background noises will likely contrive a marginally weaker opening for London equities this morning, with the FTSE-100 seen down around 5 points in early trading. Little else of significance is due from the UK on the macro front today, having already seen release of the BRC Shop Price Index first thing, although later this afternoon the US publishes its Redbook Index and releases Wholesale Inventories for November. UK corporates scheduled to provide earnings or trading updates include Big Yellow (BYG.L), boohoo.com (BOO.L), Gocompare (GOCO.L), Just Eat (JE..L), Majestic Wine (WINE.L), Morrison Supermarkets (MRW.L), Nichols (NICL.L), Robert Walters (RWA.L) and Topps Tiles (TPT.L)." - Barry Gibb, Research Analyst
Interims show solid-state progress
09 Jan 17
Ilika’s interims today show the company is executing its solid-state battery commercialisation strategy as planned. We leave FY17 & FY18 forecasts unchanged and look for first OEM licensing deals and associated up-front payments in the coming months. The very low leakage currents, high energy densities, extended life span and hot operation capability of Ilika’s, state-of-the-art, StereaxTM solid-state platform, compared to incumbent lithium ion technologies, open up lucrative, high-growth, miniaturized (1mm2), elevated temperature and energy harvesting sensor markets. Examples of such are internet of things (‘IoT’), bio-electronic, industrial and transport applications. Ilika is rightly focussing (c.75% of resource) on solid-state battery commercialisation. The remaining resource is focussed on core materials development contracts in other areas, including aerospace engine super-alloys, electronic materials, and lithium-sulphur batteries for scale storage, with BAE systems & GKN, Seagate and Johnson Matthey respectively.
Ilika lead collaboration with Sharp and McLaren to create an autonomous IoT wireless sensing device.
14 Dec 16
Ilika announced to the market this morning that it has been awarded £320K of a £500K Innovate UK grant to lead a collaboration with two iconic blue-chip companies to develop an autonomous energy harvesting power source, which is then used to power a wireless sensing platform. The two companies are electronics giant Sharp, who will provide the solar energy harvesting technology, and automotive legends McClaren, through its Applied Technologies division, who will provide the sensing and integration technology, and will look for initial applications in motor sport and automotive. Follow on potential markets are healthcare and wearables, as the Internet of Things (‘IoT’) explosion gathers pace. Ilika will provide its StereaxTM solid-state battery technology for the storage element of the device. The aim is to create a robust, maintenance-free, small-footprint device that can operate in demanding environments including up to 100°C. Conditions that solid-state batteries are far more able to handle than incumbent lithium ion technology.
Small Cap Breakfast
14 Dec 16
Ultimate Products—The Telegraph reports Jim McCarthy, former chief of Poundland has been appointed Chairman of Ultimate Products ahead of a £100m listing in H1 2017. Ultimate Products owns the Beldray cleaning brand and the licence to sell Russell Hobbs and Salter electrical products in the UK. RM Secured Direct Lending - The secured direct lending fund intends to float on the Main Market on 15 December raising up to £100m
24 Nov 16
"The Autumn Statement, as expected, contained little in the way of surprises. Even the proposed ban on letting agents charging tenants fees had been leaked beforehand, meaning the small basket of UK-quoted estate agents were hit from first thing, while later on housebuilders ran into profit taking due to unrealistic expectations of a relaxation in stamp duty on premium properties not being delivered along with the lack of detail regarding the funding policy for new housing. But if there was a message, it was that the nation's public finances have not been fixed, with borrowings heading for a painful 90% of GDP next year. That aside, Hammond's £23bn spending plan, which is due to be injected through a so-called National Productivity Investment Fund, is his effort to improve efficiencies and counter an expected Brexit-inspired slowdown, of which the OBR projects could cost as much as £66bn in the £220bn larger than previously expected government debt by the end of this parliament. With this providing little inspiration, however, traders are likely to seek their lead from the overnight markets which saw the USS surge higher on strong durable goods data, leading both the Dow Jones and S&P-500 to new record highs as a split amongst FOMC officials raised expectations of a December hike one notch further. Asia by comparison was mostly fractionally down, with only the Nikkei, which was playing catch up following yesterday's Labour Thanksgiving Day holiday, rising around 1%. All this spells for a rather lacklustre European opening, with the FTSE-100 seen putting in a rise of five points or so early trading. Macro releases from the UK include BBA statistics, while the ECB's financial stability review is also due. UK corporates due to report earnings or trading updates include Countryside (CSP.L), Hornby (HRN.L), HSS Hire (HSS.L), Imaginatik (IMTK.L), Marston's (MARS.L), Mothercare (MTC.L), Pets at Home (PETS.L) and Severn Trent (SVT.L). Daily trading is expected to be relatively light given that the US markets are closed for Thanksgiving, although market watchers will be intrigued by any further media comment following suggestions contained within the FOMC minutes that alternatives to national benchmark rates were being discussed." - Barry Gibb, Research Analyst
Positive trading update including £1.4m of post-period solid-state battery grants
23 Nov 16
Ilika released a positive trading statement this morning for the period to October 2016 ahead of its FY17 interim results, scheduled to be announced on January 7 th 2017. Excellent post-period events include the intent to award Ilika 3 solid-state battery development grants aggregating £1.4m, and a likely $1m materials development contract from an existing blue-chip OEM customer. The OEM development contract is in a non-battery application area, and demonstrates that as well as its focus on solid-state battery commercialization, Ilika’s core commercial materials development engine across a number of hightech sub-sectors continues to function well. Ilika expects all these programs to begin before the full year end in April, and we leave our forecasts unchanged.
GMP FirstEnergy ― UK Energy morning research package
06 Dec 16
Transglobe Energy (TGL CN); BUY, C$5.25: Homeward bound… back to Canada | Great Eastern Energy Corporation (GEEC LN) (not covered): Reserves update in India | BP (BP LN) (not covered): Acquiring interest in Tangguh in Indonesia | Exillon Energy (EXI LN) (not covered): Production update in Russia | Genel Energy (GENL LN); SPECULATIVE BUY, £2.60: Receipt of payment for Taq Taq export in Kurdistan | ExxonMobil (XOM US) (not covered): Relinquishing blocks in Kurdistan
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
16 Jan 17
We take a look at the rankings of the various countries in Africa that have a significant exposure to mining. We take the Transparency International corruption rankings as our starting point and modify these for exceptional geology and for current UK government travel warnings. Ghana, Botswana and Namibia come out as our top three, with Eritrea, Kenya and Zimbabwe at the bottom of our rankings.
Small Cap Breakfast
17 Jan 17
Global Energy Development (GED.L) — To be renamed Nautilus Marine Services. Schedule 1 from developer and seller of hydrocarbons and related products. Reverse takeover. Raising $10.5m via a convertible. Expected 9 Feb. Eco (Atlantic) Oil & Gas—TSX-V listed oil and gas exploration has announced its intention to float on AIM. Assets in Guyana and Namibia. Proposed £2m-£3m fundraise. Diversified Gas & Oil—According to LSE website first day of trading on AIM now expected for 30 January.
19 Jan 17
Aggregated Micro Power* (AMPH): Funding for first peaking power plant project (CORP) | The Mission Marketing Group* (TMMG): Positive trading update (CORP) | Cello (CLL): Increasingly backed by, and leveraging, technology (BUY) | 4imprint (FOUR): Growth backed by strong cash flow continues (BUY) | Allergy Therapeutics (AGY): Positive trading update and market share gains drive upgrades (BUY) | Shanta Gold (SHG): Q4 operating results (BUY) | Sound Energy (SOU): Tendrara extended well test result (BUY) | Revolution Bars (RBG): Price target increase (BUY)