Companies: ALU BYOT IOM
Companies: BYOT RBN TRMR
FY 2021 full-year results were slightly ahead of the company’s 22 April trading update, with revenues and finnCap adjusted EBITDA up 85% and 322% to £11.2m and £1.7m, respectively. Despite a soft start to Q1 FY 2022 (prolonged COVID-19 restrictions and Brexit), demand remains above pre-pandemic levels and evidence that customers are clearing over-stocked pipelines points to a stronger H2. Confident that Byotrol will once again deliver >£1m of IP-related income, given its ongoing range of discuss
Companies: Byotrol plc
Companies: BYOT SOLI TRI JOG CORA
Byotrol released a positive trading update for the year to March 2021, indicating adjusted EBITDA of over £1.7m, which was in line with our forecasts, based on revenues of more than £11.0m (FC est. £11.5m). After a volatile FY 2021, both in terms of revenue and input prices, a degree of normality has returned to monthly trading patterns. The secular shift towards the increased importance of infection prevention in its market, however, is expected to drive sustained demand for its products. Havin
Companies: Byotrol plc (BYOT:LON)K3 Business Technology Group PLC (KBT:LON)
Companies: BYOT HDD PPC BBB ORPH
Interim results to 30 September were characterised by a tripling of revenues to £6.7m, £1.2m of adjusted EBITDA, operating cashflow (£0.5m, despite £0.9m increase in inventory levels) and period-end cash of £1.7m. The outlook remains very positive, driven by: (i) sustainably higher-than-pre-pandemic order books; (ii) the prospect of first sales-based royalties from Actizone in FY 2022, which Solvay describes as being a potential blockbuster technology; and (iii) further monetisation events, whic
Byotrol (BYOT): Corp FY 2020 results – positive outlook drives upgrades | Eleco (ELCO): Corp New name and management but recurring revenue
Companies: Byotrol plc (BYOT:LON)Eleco Plc (ELCO:LON)
Byotrol’s FY 2020 full-year results are inconsequential, given the dramatic and positive impact that the COVID-19 pandemic has had to product sales since the year-end. However, year-end cash was £0.1m above forecast at £1.7m and when combined with positive cashflow since year-end, Byotrol is well-resourced to finance its ongoing operations and steady growth. With the order-book remaining strong (c.£1.1m at 31 August), despite summer lull, and demand likely to persist for some time, given the eme
Avacta (AVCT): Corp | Belvoir Group (BLV): Corp | Byotrol (BYOT): Corp | Chariot Oil & Gas (CHAR): Corp | Destiny Pharma (DEST): Corp | Omega Diagnostics (ODX): Corp | SRT Marine Systems (SRT): Corp | Telit (TCM): Corp
Companies: BYOT CHAR ODX SRT DEST TCM BLV
Byotrol (BYOT): Corp | K3 Capital (K3C): Corp
Companies: Byotrol plc (BYOT:LON)K3 Capital Group Plc (K3C:LON)
Byotrol released a further positive trading on the back of a strong Q1 FY 2021, citing product sales in excess of £3.4m in the quarter and for the business to significantly exceed full-year market forecasts. With the order book at the end of June still being c.£2m (similar to at 30 April) and continued improving supply chain management for biocidal ingredients, we have upgraded forecasts to reflect this outlook. We increase FY 2021 revenues, adjusted EBITDA and EPS by 15%, 38% and 55%, respectiv
Byotrol (BYOT.L): Corp Introducing FY 2021 forecasts | Europa Oil & Gas (EOG.L): Corp Doubling up on Irish gas | Open Orphan (ORPH.L): Corp Major contract signed with leading pharma company
Companies: BYOT EOG ORPH
Following trading updates on 27 April and 14 May, we are introducing forecasts for FY 2021, confident that the demand for disinfection products is unlikely to return to pre-pandemic levels. Byotrol’s strong order book (>£2m) at the end of April and improving supply chain management for biocidal ingredients, as countries exit lockdown measures, also underpin our confidence. We forecast a 67% increase in revenues to £10m with adjusted EBITDA and pre-tax profit of £1.1m (£0.25m) and £0.7m, respecti
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Companies: DX (Group) 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
Seeing Machines has announced that it has been selected as the DMS supplier for automotive programmes through Magna International worth cA$120m and a fundraise of at least US$40m at 11p.
The funds will be used to accelerate growth in the rapidly expanding DMS technology market, across all transport sectors globally. This includes the acceleration of the development of new core software and system features, acquisition of additional specialised technology, expansion of sales channels and produc
Companies: Seeing Machines Limited
Seeing Machines has announced results for its financial year ended June 2021 and, after the 3 August 2021 trading update, there were few surprises in the numbers with the company trading ahead of expectations in terms of margins and cash. This reflects the successful focus by the management on reducing costs and conserving cash. However, with the conclusion of the recent fund raise, we expect the company to change gear to investing in the business and managing for longer term shareholder value.
Whitelee windfarm hydrogen project funding
Companies: ITM Power PLC
The oversubscribed placing to raise £25m and £2m open offer leaves Velocys well placed to move forward on its reference projects and strengthens its ability to address further demand as airlines increasingly seek out sustainable fuelling solutions. We have updated our forecasts for the raise and after a review of project timings. These show that if the company can progress its projects, it is capable of being cashflow positive in FY 24 without recourse to further funding. Our DCF based central c
Companies: Velocys 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.
The Whitelee project to which ITM is supplying its PEM electrolyser technology has won £9.4m of government funding. We see this project as a key demonstration of the value of co-locating hydrogen production with renewables and indicates a wide market for this key energy storage solution.
Macfarlane Group, the leading protective packaging solutions specialist, servicing clients across the UK
and now emerging into Continental Europe, has issued a trading update this morning (25 November)
covering the period since end June and the year to date. Trading has continued to be robust in a difficult
supply chain environment and the Group now expects to exceed its previous expectations for the full
year. Sales growth for the year to date has accelerated through to October at rate of +2
Companies: Macfarlane Group PLC
The H1 results were a bit of a double check. First, how high hopes (battery materials) persist in a rapidly changing environment, something already communicated to the markets. The second, and a rather annoying one, was how to deal with the issues as management was not really transparent. This explains the strong miss in EBIT compared to the consensus. We were also wrong-footed as our impairment figure was far too low.
Companies: Johnson Matthey Plc
Like Taylor Maxwell before it, management's patience and persistence has landed another prized target, this one HBS NE Limited trading as HBS New Energies and UPOWA, giving Brickability a platform into the fast-growing renewables energy products market. It is Brickability's 13th acquisition in the past three years, will cost a maximum £5.5m and falls within the group's target 4-6x EV/EBITA purchase range thus enhancing earnings whilst broadening the product offering to its core housebuilder cust
Companies: Brickability Group PLC
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
The trading update confirms that TClarke is on track to meet FY21 expectations signalling a strong recovery from the pandemic-hit 2020 with revenues +47%, H2 margins back at 3%, underlying EPS +50% and net cash of c£5m in the year-end balance sheet. The highlight, in support of its target £500m turnover by 2023, is continued improvement in the order book, currently at £525m (end June £503m) including a record £320m (+25%) secured for a year out. This is not ‘being bought' but comes with a real s
Companies: TClarke 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
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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