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What’s cooking in the IPO kitchen?
Eurowag confirms its intention to undertake an initial public offering on the Main Market (Premium). The Offer would be expected to comprise both (i) new Ordinary Shares to be issued by the Company, raising gross proceeds of approximately EUR200m to support Eurowag's growth strategy and (ii) existing Ordinary Shares to be sold by existing Eurowag shareholders. Eurowag is a l
Companies: CFCP CIC KIBO KMK PEG QFI
The developer of advanced security and surveillance systems report its
interim results for the six months ended 30 June 2021. A strong sales
performance (£7.7m) combined with the benefits of 2020’s cost cutting
measures has resulted in a £0.9m swing into net profit resulting in a post-tax
profit of £430k off an adjusted EBITDA of £929k, nearly treble that generated
in H1 2020. The Group again recorded a strongly cash generative
performance with net cash from operating activities in the period to
Companies: Petards Group plc
Petards supplies advanced security and surveillance systems to the Rail, Defence and Traffic Technology markets. This morning, the group has released interim results to 30 June, with eyeTrain deliveries recovering in Rail in the period and solid performances in Traffic and Defence. Looking ahead, uncertainty exists in Rail, brought about by the timing of delivery schedules and customer orders as illustrated by the order book, which stood at £9m as at 30 June 2021, down £3m since the beginning of
Eurowag confirms its intention to undertake an initial public offering on the Main Market (Premium). The Offer would be expected to comprise both (i) new Ordinary Shares to be issued by the Company, raising gross proceeds of approximately EUR200m to support Eurowag's growth strategy and (ii) existing Ordinary Shares to be sold by existing Eurowag shareholders. Eurowag is a leading pan-European integrated payments & mobility platform focused on the commercial road transportation industry. It make
Companies: CFCP CIC ENW IOG KIBO KIST KMK PEG QFI BHC
H1 sees 8.5% sales growth and return to profitability at all levels The developer of advanced security and surveillance systems report its interim results for the six months ended 30 June 2021. A strong sales performance (£7.7m) combined with the benefits of 2020’s cost cutting measures has resulted in a £0.9m swing into net profit resulting in a post-tax profit of £430k off an adjusted EBITDA of £929k, nearly treble that generated in H1 2020. The Group again recorded a strongly cash generative
This morning's announcement helps to further underpin our forecasts, which we leave unchanged (FY 2021E Revenue £14.0m, PBT £0.5m, EPS 0.8p, Net cash ex IFRS16 £2.3m, FY 2022E Revenue £15.0m, PBT £0.8m, EPS 1.4p, Net Cash £2.9m). While the last couple of years have been difficult for Petards, and there will no doubt be further challenges ahead, the group should now be positioned well to build out from the current base and is supported by a strong cash position, a reduced cost base and solid orde
The developer of advanced security and surveillance systems announced
today that it has been recently awarded an export contract worth over
£0.5m to supply ProVida systems to a new overseas customer. The contract,
awarded to Petards' subsidiary QRO Solutions (QRO), is for the supply of
ProVida in-car speed enforcement systems and associated online training
and support. The equipment is expected to be fully delivered during the
second half of 2021 and will be installed by the end user in it
What’s cooking in the IPO kitchen?
CMO Group PLC, the UK's largest online-only retailer of building materials, announced its intention to seek admission to AIM. The Group currently operates seven specialist websites, Roofingsuperstore.co.uk, Drainagesuperstore.co.uk, Insulationsuperstore.co.uk, Doorsuperstore.co.uk, Tileandfloorsuperstore.co.uk, cmotrade.co.uk and Totaltiles.co.uk. Admission due early July.
Seraphine Group, intends to IPO on the Premium Segment on the Main Market. Seraphine, a
Companies: AEX CHAR TPX MPE OGN PEG SAR SCIR TMT XSG
On the back of this announcement, we leave our forecasts unchanged (FY 2021E Revenue £14.0m, PBT £0.5m, EPS 0.8p, Net cash ex IFRS16 £2.3m, FY 2022E Revenue £15.0m, PBT £0.8m, EPS 1.4p, Net Cash £2.9m). While the last couple of years have been difficult for Petards, and that there will no doubt be further challenges ahead, the group should now be positioned well to build out from the current base and is supported by a strong cash position, a reduced cost base and solid order book for the months
What’s cooking in the IPO kitchen?
Seraphim Space Investment Trust PLC, a newly established closed-ended investment company which will invest in a diversified international portfolio of early and growth stage Space Tech businesses, announces the publication of its Prospectus in connection with the IPO to the Premium Segment of the Main Market. The Company is targeting gross proceeds of up to £180m through the issue of up to 180m Ordinary Shares by way of the Initial Placing, the Offer for Subsc
Companies: BZT DXRX EML KRM PEG ROCK STX TSTL VDTK ZPHR
Petards supplies advanced security and surveillance systems to the Rail, Defence and Traffic Technology markets. This morning, the group has released full year results to 31 December 2020 pointing to a challenging year driven by contract deferrals, in part as a result of the COVID-19 pandemic, but with management accelerating restructuring plans. Looking to the current financial year, the first four months are reported to have been positive, while the order book as at 31 December 2020 stood at £
The software developer of advanced security and surveillance systems today
announced FY Dec 2020 results with revenues of £13m in line with
expectations. Previous guidance suggested a slightly improved result
compared with the prior year at the adjusted EBITDA level, and we were
encouraged by the £0.6m swing to adjusted EBITDA profitability of £0.32m.
An accelerated restructuring has resulted in a significant restructuring of the
on-going cost base. Cash generation benefitted strongly from
Dish of the day
Trellus Health (TRLS.L) which is commercialising a scientifically validated, resilience-based, connected health solution for chronic condition management has joined AIM. · Successful Fundraising for gross proceeds of £28.5 million. Market capitalisation of approximately £64.6 million on Admission.
Belluscura has joined AIM (BELL.L). The designer and manufacturer of FDA cleared, lightweight and portable oxygen concentrators has raised gross proceeds of £17.5 million, at an Issue
Companies: ANIC AFX CRCL DXSP EQT OEX PEG RGD STX ULS YEW
Petards supplies advanced security and surveillance systems to the Rail, Defence and Traffic Technology markets. The group has this morning released a yearend trading update, once again pointing to the challenging trading backdrop faced throughout FY 2020E, with revenue and customer orders impacted by deferrals and delays, most notably for eyeTrain, as well as to a degree in Defence. Set against these difficulties, QRO had a record year and RTS performed well too. Driven by the completion of pre
The software developer of advanced security and surveillance systems today announced a trading update for the year ended 31 December 2020. It has been well flagged previously that 2020 was a challenging year, particularly in respect of orders for eyeTrain technology to be fitted to new build trains. Whilst Petards expects a revenue reduction to £13m (2019: £15.7m), it expects a slightly improved result compared with the prior year at the adjusted EBITDA level (2019: £0.3m loss).
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AFC Energy has announced that its “S” Series hydrogen fuel cell system and ammonia cracker have been selected for the Norwegian ZeroCoaster bulk cargo ship design. The proposal has also been awarded “Approval in Principle” status by DNV, the international certification agency. The announcement is another significant endorsement of AFC Energy’s technology and the group’s biggest step forward in Maritime. This is further endorsement of our investment thesis, which was refreshed in September, which
Companies: AFC Energy plc
Friday's market sell off saw some violent downward moves in many stocks with little initial differentiation between sectors or the key drivers of businesses, creating significant share price drops in a number of higher quality or uncorrelated names. We take a look at some stocks we believe have either seen an unwarranted sell-off, have seen weakness go under the radar or where there is now a more attractive opportunity.
Companies: ANX IBPO CYAN SOM EQT AFM
Fulcrum has delivered a reassuring trading update, confirming it continues to trade in-line with FY22E forecasts, as evidenced by disclosed headline interim results. This comes despite recent turbulence in the UK's energy marketplace, which has not impacted Fulcrum's progress, including its recently established smart metering business. Given a 22% decline in the shares this month, opportunistic buyers should see value as forecasts remain unchanged and the stock now trades at book value and a his
Companies: Fulcrum Utility Services Ltd
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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
Companies: ADBE ADBE SYM ARC AVCT CMCL CLIN DCTA FRAN OSI
Powerhouse has seen early benefits from the agreement signed with HUI in October with this progress on a new project site in Bulgaria. Details have still to be agreed but we see the project as an example of further international demand for the company’s waste to hydrogen technology.
Companies: Powerhouse Energy Group PLC
Companies: ITM Power PLC
A stellar financial performance in the first half shows Brickability at its best, delivering growth from organic and acquisition sources, gaining share and strategically, and importantly, continuing to diversify and de-risk the business by broadening its product ranges and customer depth. Whilst the half has been an extraordinarily favourable one in comparative terms and our instinct is to believe that forecasts can be beaten going forwards in both the short and medium-term from the enhanced pla
Companies: Brickability Group PLC
i(x) Net Zero, the investing company which focusses on Energy Transition and Sustainability in the Built Environment, announces its intention to join AIM. Following Admission, the Company intends to use the net proceeds of the proposed Fundraising to provide development and expansion capital to certain of its investee companies, for future investments in companies that fall primarily within its areas of interest in Energy Transition and Sustainability in the Built Environment and to provide work
Companies: TGN AFC COIN COIN HL/ OMI
Companies: Gattaca plc
LTHM announced exceptional results for H1F22 ended 30 September 2021. H1F22 revenue reached £193.9m, +81.2% over H1F21 of £107m. This is notably a stellar first half driven by demand-supply imbalances in global markets that have resulted following the pandemic. Resulting PAT of £26.6m translates to EPS of £1.335 vs. £0.256 in H1F21.
Companies: James Latham Plc
While there remains considerable uncertainty over the planning and permitting of the Uskmouth power station conversion there have been a couple of recent pieces of good news for SIMEC Atlantis in our view. Inclusion of waste-to-energy in the carbon capture support model is potentially positive for Uskmouth and may increase its political attractiveness to the Welsh Government as they consider permitting. The ring fencing of CfD support for tidal steam in the next allocation round opens up the pos
Companies: SIMEC Atlantis Energy Ltd.
Oil prices suffered one of the largest ever one-day plunges, crashing more than 11% on Black Friday as a new coronavirus strain sparked fears that renewed lockdowns will hurt global demand. The crash, the 7th largest ever for Brent crude, the global oil benchmark, may prompt the OPEC+ cartel to re-consider its policy when it meets next week, with the group increasingly leaning toward pausing its output hikes. The sell-off was amplified by low liquidity on a festive day in the US, the breach of s
Companies: FO 88E DEC EME GTC TRIN UOG WEN
Against the backdrop of the 26th UN Climate Change Conference of the Parties (COP26) we take a closer look at the rapidly developing technology and industries surrounding the evolution of the so-called hydrogen economy. Hydrogen is an energy vector or fuel that is capable of storing, transforming and transporting energy with zero emissions at the point of use. It can also be made by renewable energy sources. It is also the most abundant element in the universe accounting for some 75% of all matt
Companies: STA CZA 1PG AFC CWR CHAR EQT GTC HAYD IGAS ITM ORCP PPC RCDO RIO SNT TOU UKOG WG/
Last week, as part of Diversified's Capital Markets Day, CEO Rusty Hutson and the Diversified senior leadership team provided investors with an in-depth overview of the Company's strategy and operations, with a specific focus on the Company's Environmental, Social and Governance (ESG) initiatives. Some of the key takeaways include US$15m of additional investment from 2022 on emission reduction activities and equipment. Mid-term plans (2023-2026) include plans to curb Scope 1 methane emissions in