Today's news & views, plus announcements from BHP, MGGT, RIO, BWY, MONY, BGO, YOU, AVAP, PCA & SOLG.
Companies: AVAP BGO RIO SOLG
Today's news & views, plus announcements from ENT, EZJ, VTY, LIO, AVAP, DLAR & OTMP.
Companies: Avation PLC (AVAP:LON)OnTheMarket Plc (OTMP:LON)
Avation is a lessor of 44 commercial aircraft to a diversified airline client base. This morning, the group has released full year results to 30 June 2020, which illustrate an immensely challenging year brought about by COVID-19 but one in which the business has successfully pulled various levers to enable it to come through. The results themselves are dominated by aircraft impairments of $87.4m and expected credit losses on receivables of $25.4m but the actions taken to work with its customer b
Companies: Avation PLC
Avation is a lessor of 44 aircraft to a diversified airline client base of 19 commercial airlines across 15 countries. This morning, the group has provided a brief update as of 30 June 2021, which points to an impairment review having been completed in line with its standard accounting policies across its turboprop, narrow-body and wide-body fleet. The net impact is to reduce the book value of the fleet by c.$32m, which follows on from the H1 2021A impairment of $46.7m. Management believes that
Today's news & views, plus announcements from SSPG, PNL, SHED, TUNG, ANX, BLTG, AVAP
Avation is a lessor of 45 aircraft to a diversified airline client base of 19 commercial airlines across 15 countries. This morning, the group has provided a solid trading update to 31 March 2021, which points to a continued focus on managing the collection of customer revenue, with rent collections and overall cashflow having improved since the end of H1 2021. The remarketing of the eight returned ATR aircraft has also continued, while net debt reduced by $51.6m in Q3 FY 2021E to $988.1m, with
Today's news & views, plus announcements from SGE, CRST, AVAP, WRKS, ASTO,ETX, MBOX
Companies: Avation PLC (AVAP:LON)Crest Nicholson Holdings Plc (CRST:LON)
Today's news & views, plus announcements from KGF, AZN, UTG, AVAP, YEW, OTMP
Companies: AVAP OTMP YEW
Avation is a lessor of 46 commercial aircraft to a diversified airline client base. This morning, the group has announced that it has successfully raised £7.5m by way of a placing and subscription at a price of 110p, a 10.2% discount to last night's closing price, to support the delivery of its Covid-19 strategy.
Avation is a lessor of 46 commercial aircraft to a diversified airline client base. This morning, the group has released interim results for the 6-months to 31 December 2020, which illustrate the challenges faced by its customer base and the wider airline industry as a result of Covid-19, alongside the successful corrective actions taken by management. An aircraft impairment of $46.7m and expected credit loss on receivables and accrued income of $12.9m have been taken, with the NAV at period end
Today's news & views, plus announcements from OCDO, HLMA, GFS, BWY, MCRO, SMP, AVAP, NUM, MTW, JOUL, TAVI
Avation is a lessor of 46 commercial aircraft to a diversified airline client base. This morning, the group has released results for the 12-months to 30 June 2020, which illustrate the challenges faced by its customer base as a result of Covid-19, as well as the corrective actions taken by the Board that have resulted in profitability being maintained in the year as a whole. Loan repayment deferrals of c.$24.4m were obtained in the period, in comparison to $13.1m short-term rent deferrals being
Research Tree provides access to ongoing research coverage, media content and regulatory news on Avation PLC.
We currently have 50 research reports from 7
We see the UK Government’s Net Zero Strategy as being overall helpful but not especially definitive. Amongst our coverage group, Drax Group (DRX LN) and Velocys (VLS LN) benefit from the Humberside CCS cluster prioritisation and Velocys from SAF support. The amount of renewables is likely to boost the need for flexibility solutions where Drax, Gore Street (GSF LN) and SIMEC Atlantis (SAE LN) can benefit. Hydrogen companies ITM (ITM LN) and Powerhouse Energy (PHE LN) are likely to find support. T
Companies: ADN DRX GSF ITM NESF PHE SAE SIT STRLNG TLG VLS
The third quarter continued to enjoy record CIB revenues and loan provision recoveries. Consensus expectations have now largely aligned with our projections, thus leaving limited upside potential in our view.
Companies: Barclays PLC
Companies: Plus500 Ltd.
Updating at the end of H1, Urban Logistics REIT (“ULR”) continued to deploy capital, with 2 further transactions in the last weeks of H1 bringing the total to £103m since the last raise (£109m in Jul-21). There is a further £50m in advanced stages and a £400m pipeline beyond that. Yields are in line with expectations and assets are pregnant with active management opportunities, which ULR thrives on. The board is seeking to move to Premium List to facilitate future growth. We leave forecasts unch
Companies: Urban Logistics REIT plc
The bottom line largely exceeded expectations driven by the stronger top-line resilience and loan provision recoveries. Although the next quarters could continue to enjoy further provision recoveries, the expected interest rate hikes should support the top-line trajectory.
Companies: Lloyds Banking Group plc
No joiners today.
No leavers today.
What’s cooking in the IPO kitchen?
ATOM headquartered in Leeds, focussed on the large-scale production of green hydrogen and ammonia intends to join AIM towards the end of the year. ATOME intends to be spun-out from AIM-listed President Energy Plc, an oil and gas company which has incubated and financially supported ATOME to date, by way of a dividend in specie and flotation.
Devolver Digital to join AIM, an award-winning digital video games pu
Companies: SAE HMI MNO MSMN NSCI OMG PCA
No Joiners Today
No Leavers Today
What’s cooking in the IPO kitchen?
Arrow Exploration Corp. (AIM: AXL ; TSXV: AXL) , the oil and gas exploration and production company, has conditionally raised approximately £8.8m and is due to complete its dual listing on AIM on 25 Oct. Market cap c£13.1m.
Devolver Digital to join AIM, an award-winning digital video games publisher and developer in the indie games space. Recently awarded indie 'Publisher of the Year 2021' by GamesIndustry.biz.
Companies: ZYT CIC DMTR GILD LMS MMAG PYC SMRT SBI
No Joiners Today.
No Leavers Today.
What’s cooking in the IPO kitchen?
Devolver Digital to join AIM, an award-winning digital video games publisher and developer in the indie games space. Recently awarded indie 'Publisher of the Year 2021' by GamesIndustry.biz. Offer TBA. Due early Nov.
Life Science REIT to join AIM raising up to £100m. This will be the first London listed real estate investment trust (REIT) focused on UK life science properties providing investors with exposure
Companies: SYS1 ARE SO4 SNG TMG TMT OHG IDE KIBO MRL
Currently, Gore Street Energy Storage Fund (GSF) primarily relies on revenue from frequency response services, including Dynamic Containment (DC), to estimate near-term returns. The dislocation in the UK power market has led to a sharp rise in returns available from energy arbitrage leaving GSF’s assets well placed to benefit from this increased volatility. In September, those of GSF’s GB storage assets that participated in the actively-traded GB power markets generated revenues that were signif
Companies: Gore Street Energy Storage Fund PLC
TMT Investments PLC have provided a portfoloio update. We have published research on this which is attached and a snapshot of the research is below.
The venture capital company investing in high-growth technology companies has moved one step closer to its first IPO driven exit. In a portfolio update announced this week TMT noted that its portfolio company Backblaze, Inc. publicly filed with the SEC on 18 October 2021. TMT currently holds a 9.97% interest in Backblaze, Inc. (pre its expected fun
Companies: TMT Investments
The Board of Nippon Active Value Fund (NAVF) plans to implement a share issuance programme to raise
capital for further investment through the issue of up to 300 million Ordinary Shares or C Shares over
the next 12 months, following the publication of the necessary prospectus. NAVF is proposing to raise
further capital to pursue its proven model of activist investment in quoted Japanese companies. This
will facilitate larger holdings and accelerate the process of engaging with management. It
Companies: Nippon Active Value Fund Plc
The quarter enjoyed record provision recoveries and strong fee income generation. The coming quarters should remain supportive. The accelerated capital accumulation enabled management to announce a new $2bn share buyback.
Companies: HSBC Holdings Plc
Anglo American (AAL LN) – On track to achieve 2021 production guidance following continuing production recovery in Q3
Antofagasta (ANTO LN) - US Forest Service proposed a 20-year ban on mining in the watershed of the Boundary Waters in Minnesota
Bushveld Minerals* (BMN LN) – BUY - Valuation 33p - Bushveld back on track with solid Q3 production and cost report
Condor Gold* (CNR LN) - Valuation 102.5p – Infill drilling completed ahead of PFS/FS at the La Mestiza Open Pit
TMC the Metals Comp
Companies: TMC ANTO BMN CNR WRES PXC RMM SHG
Marlowe has raised £50m though a placing (at 907p) to fund the £25m earnings-enhancing acquisition of EssentialSkillz, a leading compliance eLearning business, as well as to provide £25m of additional firepower for potential acquisitions. Group run-rate revenues and Adj EBITDA now stand at c£335m and c£60m respectively. We update our forecasts to reflect the transaction (no change at the Adj EPS level as the contribution from EssentialSkillz is offset by dilution from the over-raise). A T+2 EV/A
Companies: Marlowe Plc
Exactly one year ago, the FTSE 100 closed at 5,862, having fallen 100 points on the day, the lowest point since mid-May 2020, due in part, to the strength of sterling vs US$ at $1.34. One year on, the FTSE 100 has risen to 7,119, a rise of 21%, it remains 7% below the peak in January 2020. From an international viewpoint, US and European markets continue to trade at record highs. The US Federal Reserve is close to withdrawing some of its economic support this year as inflation picks up and the e
Companies: AMYT BAG BVC BRSD CLG CML FBD GDWN INV MACF MNZS MIO NRR NSF NBI MATD PREM QFI RUA SCS STVG SUR SNX UPGS VAST VLS