Cenkos: Getech Group Plc -- Double-Digit Growth

Getech has released a trading update for the 12-months to December 2022. Revenues for the period increased to £5.0m, up 16% YoY and ahead of our forecast (£4.8m). Revenue growth has been driven by the signing of over 100 new contracts in 2022 with a total value of £6.5m. This growth expanded Getech's orderbook to a record year-end position of £4.6m, up 39% YoY, positioning the Company well for the year ahead. Getech finished 2022 with a strong cash position of £4.3m, having held its cash balance

Cenkos: Oil & Gas Sector -- GETECH Group, 88 Energy, Trinity Exploration & Production, Tethys Oil, Tullow Oil, Gran Tierra Energy, United Oil & Gas, IOG, Predator Oil & Gas, Pantheon Resources, Var Energi, OKEA ASA, Aker BP, Hess Corporation, Woodside Ener

Commodity Prices Bulls approached and quickly withdrew from oil's 100-day moving average, driving crude to its first weekly loss since the start of the year. West Texas Intermediate shed 2% this week with much of that retreat occurring on Friday. Throughout the week, oil rallied on optimism driven by China's gathering rebound only to swing as risk-off sentiment descended upon broader markets amid uneven corporate earnings and lingering questions over how the Federal Reserve will react. De

Hybridan Small Cap Feast - 23 Jan 23

23 January 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment object

Cenkos: Oil & Gas Sector -- Kistos, Harbour Energy, Energean, PetroTal Corp, IOG, Block Energy, Jadestone Energy, Coro Energy, Borders and Southern, Genel Energy, United Oil & Gas, ExxonMobil, Santos

Oil rallied to the highest since mid-November, capping off its second straight week of gains on optimism over increased demand from China. West Texas Intermediate rose to settle above $81 a barrel, posting a 1.8% weekly gain. Bolstering crude this week were forecasts for record consumption in China, a buying spree from the country's largest oil trader and increased crude imports ahead of the Lunar New Year. The end of China's Covid-Zero policies has outweighed the concerns about a potentia

Cenkos: Oil & Gas Sector -- Getech Group, Westmount Energy, Serica Energy, Deltic Energy, Longboat Energy, Pharos Energy, Gran Tierra Energy, Echo Energy, Touchstone Exploration, Enwell Energy, Parkmead Group, Molecular Energies, Gulf Marine Services, Hurr

Oil posted its largest gain in three months this week, mostly recouping the prior week's steep decline, as confidence in China's recovery solidified among traders. West Texas Intermediate rallied above $79 a barrel on Friday, capping a more than 8% weekly advance that marked its strongest week since October. China is ramping up purchases of crude after Beijing issued a fresh round of import allowances, and consumption is poised to surge to a record this year following the nation's dismantlin

Hybridan Small Cap Feast 10/01/2023

Dish of the day Joiners: Tap Global Group (previously named Quetzal Capital Plc) has joined the Access Segment of the AQSE Growth Market via a Reverse Takeover. The Company is an innovative and fully integrated provider of crypto settlement and fiat banking, based on its proprietary artificial intelligence middleware. £3.1m raised. Leavers: No leavers today. What’s cooking in the IPO kitchen?** Celsius Resources intends to join AIM. Currently ASX listed, Celsius is a natural resources exploratio

Cenkos: Oil & Gas Sector -- Ithaca Energy, Angus Energy, United Oil & Gas, Enwell Energy, Zenith Energy, Union Jack Oil, Capricorn Energy, Occidental

Oil posted a large loss the first week of trading in the new year as demand uncertainty continued to hang over the market. West Texas Intermediate settled below $74 a barrel, posting the largest weekly loss in a month, over 8.1%. Saudi Arabia cut prices for crude sold to Asia and Europe in February, signalling concerns over the near-term outlook. Meanwhile, China is battling a surge in virus cases after Covid-19 restrictions were lifted, though mobility is set to rise as the Lunar New Year ho

Cenkos: Oil & Gas Sector -- Chariot, GETECH Group, Argos Resources, Sirius Petroleum, Savannah Energy, Longboat Energy, Helium One Global, Block Energy, Genel Energy, Hartshead Resources, IGas Energy, PetroTal, Tullow Oil, Hunting, Beacon Energy, Orcadian

Fears of a global economic slowdown pushed oil prices lower, outweighing news that the Biden administration will start buying crude to replenish strategic reserves. West Texas Intermediate fell 2.4% to settle around $74 a barrel on Friday. Oil fell in tandem with broader markets as apprehension grows the resolve of central banks to fight against inflation will tip economies into recession. Adding more weight to prices, portions of the Keystone pipeline have resumed flows at reduced pressure,

Cenkos: Oil & Gas Sector -- Wentworth Resources, 88 Energy, Chariot, Serica Energy, Savannah Energy, Gran Tierra Energy, Touchstone Exploration, Petro Matad, PetroTal, Pantheon Resources, Valeura Energy, Helium One Global, ExxonMobil

Oil posted the biggest weekly loss since April as low liquidity fuelled big price swings and as restarts for key pipelines alleviated supply concerns. West Texas Intermediate briefly fell below $71 a barrel to the lowest price in a year. The US benchmark — along with Brent crude — has given up all of its gains for the year and slumped 11% this week. Thin trading has exacerbated price fluctuations, with volatility rising again Friday on stronger-than-expected US inflation data. TC Energy C

Cenkos: Oil & Gas Sector -- Ithaca Energy, Echo Energy, Neptune Energy, Serinus Energy, Arrow Exploration, Eco (Atlantic) Oil & Gas, Panoro Energy, John Wood Group, Borders and Southern, Zenith Energy, TotalEnergies, Petrobras

Commodity Prices Oil posted its biggest weekly gain in a month, after a volatile week marked by China loosening Covid restrictions and speculation on OPEC+ output policy. Front-month volatility jumped to 53% earlier this week, the highest since September, with crude trading in a $10 range. Speculation of OPEC+ output cuts sent crude swinging as traders tried to foretell what the cartel might decide over the weekend. Prices got a boost as China, facing extraordinary unrest, began to ease Covi

Cenkos: Oil & Gas Sector -- Chariot, Falcon Oil & Gas, Plexus Holdings, Deltic Energy, United Oil & Gas, Southern Energy, EnQuest, Parkmead Group, IOG, Nostrum Oil & Gas, Jadestone Energy, Eni SpA, Barryroe Offshore Energy.

Oil posted a third weekly loss as the European Union suspended talks over a Russian oil price cap amid disagreements between member states. West Texas Intermediate futures fell 2.1% to settle at $76.28 a barrel after trading in a more than $3 range on Friday. European diplomats remain locked in talks over how strict the cap should be, having previously proposed a range of $65-$70. Poland and the Baltics felt the cap was too generous to Russia and now diplomats have postponed discussions until

Cenkos: Oil & Gas Sector -- Diversified Energy, Neptune Energy, Energean, PetroTal Corp, SDX Energy, Jadestone Energy, Tullow Oil, Canadian Overseas Petroleum, Zephyr Energy, Eco (Atlantic) Oil & Gas, United Oil & Gas, Baron Oil, Europa Oil & Gas, Africa O

Oil dropped the most in a week since April as the full weight of languishing Chinese demand and more economic tightening radically shifted the market's sentiment. West Texas Intermediate fell 1.9% to settle just over $80 a barrel. US futures fell 10% this week, the most since Biden ordered a historic discharge of crude from the Strategic Reserves in April. Swelling Covid cases in China and aggressive monetary tightening by central banks have combined to erase all the gains earned last month whe

Cenkos: Oil & Gas Sector -- Tethys Oil, Falcon Oil & Gas, 88 Energy, Empyrean Energy/Coro Energy, VAALCO Energy, Touchstone Exploration, Kosmos Energy, Ithaca Energy, IOG, Energean, Egdon Resources, Mosman Oil & Gas, Origin Energy, Dana Gas, Occidental Pet

Oil prices settled higher on Friday but fell week-on-week after health authorities in China eased some of the country's heavy COVID-19 curbs, raising hopes for improved economic activity and demand in the world's top crude importer. Brent crude futures settled up $2.32 at $95.99 a barrel, extending a 1.1% rise from the previous session but falling 2.6% on the week. US West Texas Intermediate (WTI) crude futures settled up $2.49, or 2.9%, at $88.96 a barrel, after climbing 0.8% in the previ

Cenkos: Oil & Gas Sector -- Diversified Energy, Chariot, bp, Saudi Aramco, Gran Tierra Energy, i3 Energy, Harbour Energy, Longboat Energy, Hurricane Energy, Genel Energy, DNO ASA, Enwell Energy, Rockhopper Exploration, Arrow Exploration, Challenger Energy,

Oil closed at the highest level since August as markets rallied over China easing its Covid restrictions. Brent crude futures settled above $98 a barrel for a third straight weekly gain. China is said to be working on plans to scrap a system that penalises airlines for bringing virus cases into the country, a move that suggests the nation may be easing its so-called Covid Zero policy, paving the way for higher crude demand. Oil has struggled to find direction in recent sessions, with lack

Cenkos: Oil & Gas Sector -- 88 Energy, Tethys Oil, Ithaca Energy, Centrica, Shell, TotalEnergies, Eni SpA, Equinor ASA, CNOOC, Wintershall Dea, Aker BP, Seplat Energy, OKEA ASA, Var Energi, Norwegian Energy ASA, United Oil & Gas, Pantheon Resources, Hess C

Oil rallied as US fuel stockpiles dropped and exports rose to a record, signalling robust demand despite recent bearish economic trends. West Texas Intermediate futures settled near $88 a barrel after posting a 3.4% weekly gain. The US exported a record amount of fuel last week while East Coast diesel inventories dropped to precariously low levels, according to government data. Tight fuel inventories heading into winter bolstered crude markets even as Wall Street digested uneven corporate ear

Heading for record 2023 deliveries

Top Picks for 2023 - 2022 review and outlook for 2023

On 10 January last year, we set out our ten top stock picks for 2022, in what turned out to be a very poor twelve months for global equities, due to war, accelerating inflation, political instability and recession fears. Between 7 January 2022 and 31 December 2022, the AIM All-Share Index declined 30.0%, whilst the average performance of our ten top picks was -24.7%, a modest relative outperformance. In this note we discuss the performance of our 2022 top picks, equities trends in 2022, and our

Terminating coverage

Setting up a breakthrough year - Correction

Somero Enterprises - Year-end trading update – slightly lower than expectations

The update reflects some slight customer supply chain constraints, with the resultant FY revenue and EBITDA slightly down on previous guidance. Underlying market demand remains positive with expected backlogs. Strong growth was again recorded by Europe (+20%) and Australia (+40%). We reduce our revenue for FY22 by 3.5% with a 3.7% reduction in Adj EPS. Lower net cash of $34.0m is also reflected in dividends, which we reduce by 22% to 37.5ȼ. The growth story remains strong with international grow

This Week's AIM Highlights 20th January 2023

QuotedData’s Real Estate Monthly Roundup – January 2023

Performance - 2022 ended with another difficult month for property companies as the sector continues to get to grips with the impact of higher interest rates. There were several funds that performed well during December, however, with secondary shopping centre landlord Capital & Regional top of the pile. For a second month on the trot Home REIT saw its share price tank after it came under attack from a short seller in November. Valuation moves - It was a mixed bag for valuations, with six-month

LIBERUM: SigmaRoc* - Good start to 2023 with strong pipeline

LIBERUM: Yü Group* - Yet more upgrades

Strix (KETL LN) - Full year trading update

Strix have issued a full year trading update indicating profit after tax will be c. £23.0m, in line with updated guidance provided in the 30 November 2022 trading update following completion of the Billi acquisition. Year-end net debt came in at £87.0m, slightly ahead of Zeus forecasts, leaving the company well placed to bring net debt / EBITDA materially below 2.0x during FY23. Profitability being in line provides confidence that the Zeus FY22 revenue forecast of £110.0m will be achieved, imply

Q4 & FY22 Trading Update

Capital Limited (LSE: CAPD) this morning provided its Q4 & FY2022 trading update. The Company has continued to perform strongly in 2022 with Q4 revenue 8.2% higher QoQ and 18.9% higher YoY. The full year of revenue has once again exceeded the revised guidance (albeit marginally) and our estimates.

ITM Power - A Major Reset

ITM’s new CEO has outlined a major reset for the company focused on transforming it into a volume manufacturer of market leading electrolyser technology. Getting there will involve a lot of work and cost and today’s revised guidance shows a near doubling of EBITDA loss against the original consensus for FY23. FY 24 should start to see the benefit of cost cutting and the company has also announced two new 100MW contracts announced today with Linde. Importantly, ITM has the cash reserves to suppor

Cautious optimism for FY23

SP Angel Spec Sits: YUG Follow-on Update - A Record-Breaking Year

YUG announced a post-year-end trading update ahead of already revised expectations. Given the Group's expected strong cash generation and growth prospects, the Board has declared its intent to pay a modest dividend this year.

Hybridan Small Cap Feast - 25 Jan 23

25 January 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment object