Hybridan Small Cap Feast 04/08/2022

Dish of the day Joiners: No joiners today. Leavers: Cambium Global Timberland has left AIM. What’s cooking in the IPO kitchen?** Inteliqo Limited, intends to join the Aquis Growth Market. Inteliqo Limited provides sales, marketing and distribution services to technology product owners under long-term distribution agreements. The Company has agreed its first such agreement in respect of the Ipedia iQ product range. The iQ product is a smart translation earphone (earbuds) system which offers integ

Cenkos: Directa Plus Plc -- Supply agreement and US patent

Directa Plus has announced that it has signed a two-year extension to its commercial Supply Agreement with Alfredo Grassi SpA for the workwear market in Italy and France.

Cenkos: Directa Plus Plc -- Distribution agreement with REDA Energy

Directa Plus has announced that it has signed a Commercial Agreement with REDA Energy Ltd for the distribution of Grafysorber® oil response products in certain agreed territories. REDA, is a division of the REDA Group, a leading Tier 1 chemical manufacturer and supplier of products and services to global oil and gas sector headquartered in Dubai with over 2600 employees worldwide across 40 countries. The Commercial Agreement follows successful testing of the products by REDA customers in the No

Cenkos: Directa Plus Plc -- New supply agreement

Directa Plus has announced that it has signed a supply agreement with Officine di Cartigliano, for its patented G+® pristine graphene nanoplatelets technology, worth €150k over one year on a take or pay basis. Officine di Cartigliano is the Italian based leader in the production of tanning equipment for the textile industry and will be using a formulation of the Company's G+® based textile finishing application to improve the performance of its equipment, particularly to address antistatic issue

Hybridan Small Cap Feast 17/06/2022

*A corporate client of Hybridan LLP Dish of the day Joiners: No Joiners Today. Leavers: No Leavers Today. What’s cooking in the IPO kitchen? Visum Technologies seeking admission to The AQSE Growth Market. The Company's business is to own and operate an "on-ride" video and photographic camera system that it sells and/or licenses to customers (being theme parks, ride manufacturers, souvenir imaging providers, and other leisure operators). Due 30 June. LifeSafe Holdings, a fire safety

Cenkos: Directa Plus Plc -- Acceleration of trading as expected

Directa Plus has announced that it has seen an acceleration in trading in the past two months with revenue to the end of May 2022 of €4.60m. This is approximately 44% ahead of the same period last year, driven by growth across all of its commercial verticals, and is in line with expectations. Directa Plus also highlights that it remains optimistic on its ability to secure a very material contract for which it has tendered via the Company's subsidiary, Setcar, for Environmental Remediation servic

Cenkos: Directa Plus Plc -- Strong environmental growth

Directa Plus has announced FY21 results with revenues 2% ahead of expectations thanks to a strong performance in the environmental division which has offset a weaker performance in textile. This led to a reduction in the EBITDA loss to €2.0m from €2.6m in 2020. In the outlook, sales growth is expected to accelerate in Q2 and H2/22 with the company comfortable with consensus forecasts for FY22. Additional to current Environmental business expectations, the company notes it is close to a significa

FY21 results ahead of forecasts; new stage of growth ahead

Directa Plus has reported a strong set results for the year ending Dec’21, with revenues growing 34% to €8.6m (vs. SCMe €8.2m) and a €0.7m reduction in the EBITDA loss to €2.0m (vs. €2.1m). The positive performance was primarily driven by Environmental Remediation, which saw revenues increase 50% to €6.6m. Commercial momentum continued in the year across all divisions, and funds raised in Dec’21 will help deliver on further opportunities ahead, especially two immediate projects in water treatmen

Hybridan Small Cap Feast 22/04/22

Joiners: No joiners today. Leavers: No leavers today. What’s cooking in the IPO kitchen? Lift Global Ventures plc to join AQSE Growth Market. The Company's investment strategy is to operate as an enterprise company seeking acquisition or investment opportunities within the financial media and technology industries. Within these broad industries, areas of focus may include: Financial news websites and other forms of “new media”, Investment research providers, Financial PR, IR, design and marketin

Cenkos: Directa Plus Plc -- Entry into automotive sector

Directa Plus, the leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, has announced that it has signed a non-binding Letter of Intent (LOI) with a leading worldwide supplier of automotive interiors to Tier 1 manufacturers. The partners intend to develop a suite of new products for the automotive industry based on the antimicrobial properties (antibacterial and antiviral), thermal comfort and electrical conductivity properties of the

Hybridan Small Cap Feast 07/03/22

Altus Strategies 54p £63.4m (ALS.L) Altus Strategies announces the appointment of Mr Gérard De Hert as a non-executive director of the Company, effective immediately. Mr De Hert is Managing Director (Technical Services) at La Mancha Holding S.àr.l. His appointment is in accordance with the terms of the Strategic Investment Agreement between La Mancha and the Company (SIA) approved by shareholders on 18 February 2020 (see Company announcement of 19 February 2020). Under the terms of the SIA, La M

Dec’21 placing to fund growth projects

Following shareholder approval at the recent General Meeting (29/12/21), Directa Plus has successfully raised £7m to fund growth projects within its key Environmental and Textiles verticals. 2021 was a year of significant progress for the Group, ending on a very positive note. We update our forecasts to reflect the impact of the placing, and illustrate the expected medium term benefits of the planned investment. We remain confident in Directa’s prospects as a leading player in the high-potential

Cenkos: Directa Plus Plc -- Investment to support faster growth

Directa Plus has announced a conditional £7m gross fund raise which will see the company invest most of the proceeds into capital equipment for two projects. This capital equipment is expected to accelerate the commercial uptake of its Directa Plus materials in the environmental remediation, water treatment and air filtration markets, through the creation of additional routes to market for already commercially proven products. We believe the business case for these is clear and attractive with a

Hybridan Small Cap Feast 29/11/21

Joiners No joiners today Leavers No leavers today What’s cooking in the IPO kitchen? Trinistar Liverpool S.a r.L announces its potential listing of a newly formed single asset company which will own the Capital Building in Liverpool on the IPSX. Upon admission the Company would become a real estate investment trust (REIT). The Capital Building occupies close to a 3.5 acre freehold site in the centre of Liverpool’s business district; the building comprises c425,000 square feet of predominantly of

SHORE CAPITAL - Mpac Group+ (MPAC, House Stock at 380p)

Strix Group plc (KETL LN) - Trading conditions to improve in H2

Today’s trading update for H1 22 highlights the difficult operating environment over the first six months of the year, particularly in Q1. Trading picked up in Q2 and is expected to continue to improve in H2 22, in part, due to the inherent seasonality of the business, but also due to some catch up in demand. Guidance is for FY22 post-tax profit to be in line with the consensus estimate of £32.2m, as a result Zeus reduces its estimate by 2.5% to £32.2m. Previous guidance of £3.0m potential impac

Review of Electricity Market Arrangements - REMA Could Bring Benefits

Last week, the UK government published the consultation paper on its Review of Electricity Market Arrangements (REMA). Any change potentially represents uncertainty in a market that has been wary of changes with a number of shares falling after early details of possible reforms were flagged in the press. We review the possible changes and conclude that while there is some risk, from what we can see at present the likely outcomes could be either minimal or beneficial for investors in clean energy

Invinity Energy Systems - Improving Liquidity for US Investors

Invinity has begun trading shares on the OTCQX Best Market in the USA. We see this as adding liquidity for North American investors and more generally increasing visibility for the company in key markets in North America.

LIBERUM: SigmaRoc* - Rock solid

SDI Group - FY 2022 – another record year drives 12% FY 2023 upgrade

The third year of consecutive >50% EBITDA growth and 45% CAGR EPS growth - SDI reported full-year results to 30 April that were 12% higher than indicated at the trading update (6 May), helped in part by higher recognised revenues from the SVS and Safelab acquisitions. Coupled with a stronger underlying cash position (net cash of £1.1m), in part reflecting a delay in the Safelab contingent payment into FY 2023 and higher than forecast OEM contract prepayments (albeit less than FY 2021), £20m borr

Cenkos: Oil & Gas Sector -- Diversified Energy, Argos Resources, Deltic Energy, Kistos, Serica, Pantheon Resources, Nostrum Oil & Gas, ExxonMobil, Shell, SDX Energy, Tenaz Energy, Hurricane Energy, Jadestone Energy, United Oil & Gas, Seplat Energy, Equinor

Oil fell for a second-consecutive month as a deteriorating demand outlook offset concerns over tight physical supplies. West Texas Intermediate rose Friday, bringing this week's gain to around 4%. Futures nevertheless recorded their first back-to-back monthly decline since 2020 as fears of an economic slowdown fuelled bearish sentiment across markets. The US economy shrank for a second quarter as rampant inflation undercut consumer spending. Citigroup Inc says there are signs the oil market

LIBERUM: Flowtech Fluidpower* - Resilient H1 trading

SDI Group - Accretive acquisition – +5% in FY 2024

SDI has announced the acquisition of LTE Scientific for c.£5.5m (includes £1.65m of freehold property and £1.3m of cash). LTE Scientific manufactures and services sterilizers, decontamination and thermal processing equipment, used in the life science and medical market sectors. The acquisition is funded from cash and SDI’s existing debt facility, with net cash at 30 April having been c.£1.1m. We expect the acquisition to be immediately EPS enhancing and to be c.5% accretive to EPS in FY 2024. Co

Inflation Reduction Act

The US Inflation Reduction Act of 2022 now has a chance of passing the Senate next week as it is being voted under the Reconciliation procedure which allows bills related to the budget to pass on a simple majority rather than the 60-vote majority required to overcome a filibuster. If the act does find its way onto the statue books it will bring US$369bn in clean energy tax credits, grants and other incentives. Much is directed to protecting clean energy manufacturing in the USA, but it is a wide

SHORE CAPITAL - Velocys+ (VLS) - House Stock, 5.6p - Tipping the balance - thematic developments in sustainable aviation

LIBERUM: Staffline Group* - H1 restrained by investment but expect stronger H2

Morning Note – 29 July 2022

Hybridan Small Cap Feast 21-07-2022

Dish of the day Joiners: No joiners today. Leavers: No leavers today. What’s cooking in the IPO kitchen? Unigel Group, intends to join the Aquis Growth Market. Unigel Group is a pioneer in the field of thixotropic gels for the fibre optic cable industry. The Company is also a supplier of laminated steel tapes to the fibre optic cable industry in the US. Thixotropic gels and laminated steel tapes are essential components to the rapidly growing global fibre optic cable market. The Group export

WH Ireland: Sector News and Views – Corporate - dollar earner picks in a changing landscape

A year on from the end of lockdown on July 19 2021, celebrations at the UK's economic bounce-back in H2-21 have long lost their fizz. Two intertwined themes have remained salient / gathered pace over the past six months since our mid-year sector review: exchange rates and inflation. As we write today, press speculation is focussing on the possibility of a 0.5% rise in UK interest rates in August, billed as the biggest move in 27 years. Looking further afield, economists are looking to the F