Velocity Composites Trading Update

Like many suppliers in the Aerospace and Defence sector over the summer, Velocity Composites has also unsurprisingly proven to not be immune from the effect of the industry wide supplier manufacturing and staffing capacity issues.

Customer delays impact short-term outlook

Hybridan Small Cap Feast 9 July 2024

What’s baking in the oven? ** Potential**** Initial Public Offerings: ITF announced: 8th July 2024: Rome Resources: The Canada-based early-stage resource exploration Company has announced its intention to IPO on AIM in order to continue to make financial progress on its “Bisie North Tin Project”. The Company’s first day of trading on AIM is expected to be 26th July 2024. The Primary Offer expected size is approximately £4.0m. 24th June 2024: Rosebank Industries: The Company aims to repeat the su

Velocity Composites Interim Results

The Velocity Composites first half results have delivered the improvement flagged at the time of the 22 May trading update, with expectations that continue to assume a break-even year at the PBT level.

Reaching profit/cash inflection point

Hybridan Small Cap Feast - 22 May 24

22nd May 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: Delistings: What’s baking in the oven? ** Potential**** Initial Public Offerings: ITF announced: 7th May: Time To ACT plc, an engineering business focused on technology for the energy transition sector, has announced its intention to seek Admission to t

Velocity Composites H1 Trading Update

The Velocity Composites update has assured that 2024E trading remains in line with expectations that continue to assume a break-even year at the PBT level.

Velocity March Trading update

The Velocity Composites update has assured that 2024E trading remains in line with expectations as the group receives OEM approval on key US contract.

Velocity Composites initiation

Velocity Composites manufactures advanced carbon fibre & ancillary raw material kits for use in the production of aircraft for both the civil and defence sectors.

Hybridan Small Cap Feast - 23 Jan 24

23nd January 2024 @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 obje

Hybridan Small Cap Feast 09/08/2023

9th August 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

Hybridan Small Cap Feast - 11 Jul 23

11th July 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 objecti

Strix (KETL LN) - Strong H1 with net debt ahead of plan but macro influences building

Interim results show a strong operational performance and good progress in reducing leverage ahead of schedule in the first half of FY24. All three divisions showed gross margin progression leading to the Group margin increasing 310bps AER (+320bps CER) to 39.9%. This resulted in operating profit increasing 7.6% AER (+9.2% CER) and pre-tax profit up 13.0% (+15.9% CER) to £8.0m. Importantly the Kettle Control division has seen recovery in Regulated and Less Regulated markets resulting in division

Billington Holdings - Interim results: FY24 EPS upgraded by 9.4%

The group has posted a resilient performance against strong comparables and a challenging market. There is increased optimism on H2 deliveries, with a return of activity in distribution warehouse and film studio projects adding to its active flow of projects in data centres and Energy from Waste projects. The group continues to increase market share and a strong level of order intake and record order book at 30 June gives rise to greater visibility to improved H2 deliveries; as such, it flags FY

Morning Note – 17 September 2024

Deleveraging picks up steam

Today’s interim results to June demonstrated strong progress overall, particularly at the margin level. Double digit growth in the regulated and less regulated kettle control markets was encouraging. Furthermore, the restructuring of the Consumer Goods division and the exit from price sensitive kettle control markets also underpinned the rise in margins. Indebtedness declined markedly, reflecting a combination of firm controls in place, positive cash flow and the placing of 5% of the shares duri

Mpac Group+ (MPAC, House Stock at 430p) - Bolt-on: an accretive strategic boost

Judges Scientific (JDG LN) - H1 results – confidence returning

Judges Scientific is focused on acquiring and developing companies in the scientific instrument sector. As flagged at the July trading update, the group experienced a weaker first half in terms of order intake and trading, but with news flow subsequently more positive (confirmation of a coring contract for delivery in FY25E and a further earnings-accretive acquisition), confidence in the investment case is rightly returning. In terms of interim results, as previously announced, order intake decr

Morning Note – 18 September 2024

Epwin Group - Third FY24 EPS uplift this year

Epwin Group’s H124 results were robust, with management navigating inflationary pressures well. That said, we have reduced our revenue estimates reflecting the H1 performance, maintained underlying operating profit estimates and raised EPS forecasts due to the impact of the increased share buyback programme. Long-term, well-established growth trends imply that Epwin is well-placed to leverage increasing demand for its energy-efficient and low-maintenance building products. The company offers an

Supreme (SUP LN) - AGM Statement

Positive momentum, trading in-line with expectations: Today’s update confirms Supreme’s strong FY24 trading momentum, reported in July, has continued in to the first half of the current financial year and the Group remains in-line with full year expectations. The Group continues to see strong demand for its products, with its value proposition remaining highly relevant at a time when household discretionary spend remains under pressure.

Zeus Industrials Round-Up - 13 September 2024

The UK industrial sector continues to show promising signs of recovery, with manufacturing PMI reaching a 26-month high of 52.5 in August as all survey indicators but one expanded. Economic data has also been encouraging, with UK pay growth cooling to a two-year low and inflation rising only slightly in July – supporting the case for further interest rate cuts this year by the BoE.

Earnings enhancing acquisition broadens capabilities

Mpac is acquiring the entire issued share capital of Boston Conveyor & Automation, Inc., (“BCA”), a US-based supplier of robotic automation and conveyor equipment for the Food, Life Sciences and general industry sectors, for a total of US$17.0m (£12.9m). The purchase comprises US$11.0m in cash, sourced from the Group Revolving Credit Facility, plus US$6.0m from the issue of Mpac shares. The Group’s lender has agreed to increase the RCF by £5 million to £25 million, ensuring that the Group will

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Seeing the Nightly Miracle first hand

Supreme Plc (SUP, House Stock at 165p) - Robust FY25F trading continues

New contract win