Time to take notice
Companies: Somero Enterprises, Inc.
Companies: ARB TIDE EVG GML IOM SDI SOLI SOM
The group has announced a further positive trading update ahead of its December year end, with robust trading in North America by strong demand for new warehousing, with European and Australian operations also seeing strong conditions. As a result, it is raising its FY21 revenue guidance by 8%, with EBITDA raised 7.2%. It also has increased its year-end cash balance to $39.0m, which boosts dividend prospects. We upgrade our forecasts in line with guidance and also increase our FY22 dividend by 8
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
Share price not reflecting the opportunity
Structuring the BUY case
Here we go again
Companies: Pebble Beach Systems Group PLC (PEB:LON)Somero Enterprises, Inc. (SOM:LON)
Interim results show the recovery in trading continues, driven by strong levels of activity in the key US non-residential construction market. Management flags an upgrade to guidance, which follows on from the recent upgrade in July, illustrating the strong momentum being seen. This results in a FY EPS upgrade of 21% and a dividend upgrade of 48%. We also raise FY22 expectations by 18%. The shares look cheap at current levels, and we raise our PT by 18% to 700p, with strong momentum, a clear gro
Dish of the day
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RDI REIT has left the Main Market (Premium) following a cash acquisition.
What’s cooking in the IPO kitchen?
Dianomi, the provider of native digital advertising services to premium clients in the Financial Services and Business sectors, announces its intention to seek admission of its shares to trading on AIM. Admission is expected to take place during May 2021. Offer details TBA. In FY 2020, revenue was £28.43m, representing growth of 58.8 per
Companies: CLON GTLY GETB JOUL KIBO QXT ROCK SWG SOM
he stock has enjoyed a sharp bounce back since the COVID-19 lows in March 2020, reflecting successive upgrades backed up by the strength of its cash generation. Whilst 13x 21E PE remains at the upper end of its recent valuation range, the positive outlook for US non-residential construction, structural growth trends behind new products and the potential for a significant cash return over the next three years (we estimate the group can return c.20% of its market cap) means we remain positive. We
Companies: K3C QTX SOM TXP
The group has announced a positive H1 trading update, with N. America again seeing stronger than expected trading, particularly in the last two months of H1, with momentum continuing into H2. As such, management has upgraded its FY21 guidance, prompting us to upgrade EPS by 13.6% in both FY21 and FY22. Therefore we have also increased our PT by a similar amount to 590p, providing good upside scope, with the shares remaining undervalued to the peer group and with strong cash flow and dividend att
Companies: AGY IOM QXT SOM ZAM JOG
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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
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
Strong progress from Spectra Systems Corporation (Spectra), combined with emerging opportunities that were highlighted in the company's recent H1 results, mean we are now able to provide firm forecasts on a five-year basis, a virtually unprecedented state of affairs not just for Spectra but for any quoted growth company. The new forecasts are progressive and substantial, suggesting Spectra will generate a £35m-plus aggregate PBT during 2021E-2025E. We do not view these forecasts as speculative,
Companies: Spectra Systems Corporation
High quality UK listed proprietary consumer goods business UP Global Sourcing ("UP") has announced that Chris Dent will become the Group's new Chief Financial Officer "(CFO"), replacing Graham Screawn who retires from the Company in CY22.
Companies: Up Global Sourcing Holdings PLC
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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
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
Spectra Systems is a leading provider of advanced technology solutions for banknote and product authentication markets. Spectra's newest customer (announced September 2021), using its optical materials in K-cups for Keurig brewers, has already placed three orders totalling $394,000 since inception (three months sales) and thus evidences the traction Spectra is making in this niche but important growth market. Based on the order pattern to-date, Spectra estimates that this business stream (all cu
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
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
Windward (WNWD.L) has joined AIM. Windward is a leading predictive intelligence company, fusing artificial intelligence (AI) and maritime expertise seeking to digitalise the global maritime industry. As at 30 September 2021, the Company had 120 permanent employees and had an annual contract value of US$19.7m, with 99 per cent. of the revenue being subscription based. The Placing raised gross proceeds of £26.3m (US$35m) of new capital for the Company and £8.2m (US$10.9m) for certain exist
Companies: SPSY MMH KEFI BRSD IKA SEMP
With Q2 stronger than Q1, the exit run rate and momentum from H1A suggests Vianet is on track to meet our forecasts. New Contactless sales are above pre-pandemic levels at Smart Machines and there are greenfield opportunities opening up at Smart Zones. The Group is on track to reach pre-pandemic profitability in early 2023 and grow steadily thereafter.
Companies: Vianet Group plc
Companies: Volex plc
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/