Management provided a trading update noting that from 1 April to 31 July 2021 revenue was £127m with daily volume increases of 11% and increase in sales per working day of 34% from the quarter ended 31 March 2021.
Companies: James Latham Plc
F2021 revenue was £250.2m, up 1.3% y/y (F20: £247.1m) with like for like volumes increasing by 6.6%. F2021 GP was £45.1m or an 18% margin, up slightly from 17.6% in F2020.This reflects strong improvement in H2F21 gross profit of £27.1m or margin of 18.9%.
PensionBee, the online pensions provider, with a mission to make pensions simple, so that everyone can look forward to a happy retirement, considering an IPO on the High Growth Segment of the Main Market of the London Stock Exchange. PensionBee is a leading online pensions provider in the UK, with approximately 130,000 Active Customers and £1.5 billion of assets under administration , in each case as at 28 February 2020. Cornerstone FS to join AIM, an SME focused, cloud-based provider of inter
Companies: TMT OHG MDZ FME LTHM ORPH BARK VEL MOS EQLS
LTHM released a trading update ahead of its year-end March 31, 2021
H1F21 revenue was £107m, down 14.8% y/y (H1F20: £125.6m) and down 11.9% sequentially (H2F20: £121.5m). Q2F21 revenue was up 5.3% y/y, indicating a trend to recovery in the post-lockdown period across both, Ireland and the UK. The strength of LTHM's business model is supported by the diversity of its customer base and the expanse of its product offering, allowing it to withstand fluctuations in demand across market sectors. We believe LTHM stock is a relatively low risk investment given the stron
Latham's F2020 financial results for the year-ended 31 March 2020 demonstrate strength and stability in the business, supported by an experienced management team and Board.
James Latham PLC (LTHM.LN) listed on the AIM Market of the London Stock Exchange is a supplier of wood-based panel products, natural acrylic stone, hardwoods, high grade softwoods, cladding, decking and plastics to manufacturers, shopfitters and other market sectors. A 9th generation family business, publicly listed since 1965, the company has grown to service customers from 11 locations across the UK, and more recently from Ireland with the acquisition, Abbey Wood Agencies Ltd.
The Pebble Group, a provider of products, services and technology to the global promotional products industry, announces its intention to seek admission of its shares to trading on the AIM market of the London Stock Exchange, which is expected to take place in early December 2019.The Group delivered revenue of £99.8m in the year ended 31 December 2018.No mention of bottom line and a suggestion that funds raised would provide an exit to private equity shareholders and the repayment of debt. Offer
Companies: SPO WAND CNS IDOX IGP BRCK LTHM CBOX NQMI SAV
James Latham PLC (LTHM.LN) listed on the AIM Market of the London Stock Exchange is a supplier of wood-based panel products, natural acrylic stone, hardwoods, high grade softwoods, cladding, decking and plastics to manufacturers, shopfitters and other market sectors. A 9th generation family business, publicly listed since 1965, the company has grown to service customers from ten locations across the UK, and more recently from Ireland with the acquisition, Abbey Wood Agencies Ltd.
James Latham PLC (LTHM.LN) listed on the AIM Market of the London Stock Exchange is a supplier of wood-based panel products, natural acrylic stone, hardwoods, high grade softwoods, cladding, decking and surface finishing products to manufacturers, shopfitters and other market sectors. A 9th generation family business, publicly listed since 1965, LTHM has grown to service customers from 10 locations across the UK, and more recently Ireland with the acquisition of local timber merchant, Abbey Wood
LATHAM (JAMES) (LTHM.L) | EVGEN PHARMA (EVG.L) | TECHFINANCIALS (TECH.L)
Companies: LTHM EVG TECH
For the six months to 30th September 2018 James Latham reported revenue of £118.2m, +10.2% Y/Y, on underlying volume growth of 1.5% Y/Y, with product prices increasing 7.8%. Gross profit was £20.2m, +9.0%YoY, with gross margin at 17.1%, compared to 17.3% in H118, resulting from increased lower-margin direct sales. Operating profit (reported) was £7.7m, +10.0% Y/Y, a 6.5% margin, matching H118. PBT (reported) was £8.7m inclusive of a £1.1m contribution from the sale of the Yate site, £7.7m on an
BEXIMCO PHARMACEUTICALS (BXP.L) | LATHAM (JAMES) (LTHM.L) | PREMIER AFRICAN MINERALS (PREM.L) | ALTONA ENERGY (ANR.L)
Companies: BXPHAR LTHM PREM ANR
Trackwise—established business that manufactures specialist products using printed circuit technology. Offer TBA. Due Late July
Ovoca Gold (to be renamed Ovoca Bio PLC) - RTO of IVIX, a Russian company developing a drug candidate for the treatment of female sexual dysfunctions. No monies to be raised, market cap of £8.5m, due 30 July
Nucleus Financial—independent wrap platform provider . FYDec17 revs £40.36m and PBT of £5.1m. Offer TBA. Due late July.
Kropz PLC-Intention to float by the emerg
Companies: IPF SOHO INSE PRP DPEU RTHM LTHM CREO MMX GDR
Research Tree provides access to ongoing research coverage, media content and regulatory news on James Latham Plc.
We currently have 34 research reports from 3
Companies: Ceres Power Holdings plc
Strix hasn’t missed a beat over the last eighteen months. Despite the pandemic and the resultant lockdowns, it was able to marginally grow earnings in FY20. The COVID impact on the income statement is barely noticeable, a year of low growth rather than the collapse in profitability experienced by others. This was topped off by the Capital Markets Day in November when the challenging five-year growth target of doubling revenue was set.
Companies: Strix Group PLC
Companies: Kier Group plc
The Velocys interims show the recognition of sales to the Red Rock Biofuels project with a good gross margin indicating the value in these sales. With recent commercial progress in Japan we see this as helping to underpin the value of these developments. Overall, the company is making progress across the board and both the policy and wider industry background, notably in aviation, remain highly supportive.
Companies: Velocys plc
Companies: Safestyle UK Plc
Companies: Judges Scientific plc
Oil declined amid Russia's plans to boost upcoming overseas oil sales and as the dollar rallied.
Futures in New York ended the session nearly 1% lower on Friday. Russia will increase its oil exports 3% in the fourth quarter, according to Interfax. Meanwhile, gains in the US dollar reduced investor interest in commodities priced in the currency.
Despite weaker prices on Friday, US benchmark crude futures gained more than 3% this week due to tightening supplies. In the US, crude inventories
Companies: FO 88E DEC EME GTC TRIN UOG WEN
Plant Health Care has released its interim results in line with expectations following its trading update in July. In light of this, we do not make any changes to our numbers. We maintain our view that given current market trends, our forecasts remain well underpinned with considerable upgrade potential. Reiterate Buy.
Companies: Plant Health Care PLC
Velocys, the next generation sustainable aviation fuels (SAF) specialist, has reported interim results this morning (23 September). The company's first-half period to end June saw an encouraging rise in strategic activity, as well as a noticeable step up in general news flow surrounding the future needs of the aviation sector for renewable fuels as the industry begins its recovery from the pandemic. We note that this positive news flow has continued into the current Q3 period. The results demons
First half performance indicates that the turnaround is almost complete with Safestyle reporting the best half year financial performance since H2 2017. Revenue of £73.0m is up 73.4% yoy but more importantly increased 13.3% on the H1 ’19 performance. The recovery in revenue picked up pace during the half, after four months it was 10.9%. Gross margin increased 639bps to 32.3% on HY19 as average selling price increased 11% despite a negative movement in mix. This resulted in adj. profit before tax
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
Judges Scientific is a group focused on acquiring and developing companies in the scientific instrument sector. Despite lingering covid induced friction to global trade, Judges has delivered an excellent first half with order books rebuilding nicely. Revenue increased by 14.7% (organic +5%) to £43.0m (H1-20: £37.4m) which, after the continued sensible management of the cost base (and reduced international travel), yielded an adjusted pre-tax profit of £8.5m (H1-20 £6.4m), a 31.5% YoY increase, a
Esken now has financing in place for the recovery. The Group has raised £55m in fresh equity and secured a £125m convertible loan from Carlyle Group, who become a strategic investor in London Southend Airport. Strategy is focused on two core divisions. The Energy division, which supplies wood biomass to green power plants is profitable and has performed robustly. Trading in Aviation remains subdued. Cargo handling at London Southend has grown strongly but passenger traffic has been hit hard by C
Companies: Esken Limited
Xeros has reported H1 2021 results for the six-month period up to end June 2021. Revenues are broadly inline but cash is slightly behind expectations due to ramp up in XFiltra investment. These results are not reflective of the longer-term potential of the Group. Despite some inevitable further pandemic-induced delays, commercial progress is encouraging, with the potential of XFiltra looking particularly exciting. We reiterate our 400p/share price target.
Companies: Xeros Technology Group (XSG:LON)Xeros Technology Group Plc (XSG:LON)
Billington provides structural steel and safety solutions to the construction industry. Despite sector wide challenges of the last 18+ months, Billington's interim results to June 2021 reflect a solid operational and trading performance. H1 revenue increased 15.1% YoY to £37.7m with adjusted PBT rising 24.6% to £0.76m. Billington commenced the year with full order books. Moreover, order intake has been strong, meaning the order book has remained at ‘consistently high levels', with the macro back
Companies: Billington Holdings Plc