Redcentric - Acquisitions! A datacentre estate & AWS consulting business

Redcentric has announced the exchange of conditional contracts for the acquisition of the business & assets relating to three datacentres (DCs) and relating to colocation, cloud and network services. The vendor – Sungard Datacentre/ Sungard Availability Services – entered administration, blaming energy inflation and challenging rental costs, and the completion and final consideration payable are conditional upon Sungard customers agreeing new terms with Redcentric. If all three DCs individually

Morning Note – 28 April 2022

Hybridan Small Cap Feast 27/04/22

According to Proactive Investors, Bridgepoint is said to preparing to list Burger King UK on the London Stock Exchange as early as this spring. A valuation of £600m is expected. Lift Global Ventures plc to join AQSE Growth Market. The Company's investment strategy is to operate as an enterprise company seeking acquisition or investment opportunities within the financial media and technology industries. Within these broad industries, areas of focus may include: Financial news websites and other f

Morning Note – 27 April 2022

Morning Note – 15 March 2022

Morning Note – 18 November 2021

Redcentric - Interims – on track: growth & opportunities in Piksel

Interims to September 2021 are in line with the trading update and unchanged P&L forecasts on an underlying basis. The Piksel acquisition locked-box mechanism, which appeased the uncertainty of prolonged negotiations by fixing a certain acquisition date, led to trading update confirmation of revenue of £46m and EBITDA of £12m; however, a review in accounting treatment has led to recognition of the benefit of those months (1st August to 30th September) as a reduction to the purchase price instead

Morning Note – 27 October 2021

Morning Note – 30 September 2021

Morning Note – 15 July 2021

Redcentric - Lean and hungry

Having weathered the COVID storm with flying colours, Redcentric has delivered results in line as per the April trading update. Pre COVID, we looked to £24.1m EBITDA for the year, adjusting down to £23.6m in April 2020; and yet the group delivered EBITDA of £24.6m (+19% vs FY20), challenges and opportunities having been accommodated by an efficient platform and nimble response. The group furloughed no staff, proving the margins are sustainable, and rapidly developed & delivered solutions to sui

Small Cap Feast

NFT Investments plc is an investment company that specialises in non-fungible tokens (NFT). Has applied for admission to the Access segment of the AQSE Growth Market. No funds being raised. Due 16 April. Thor Explorations (TSXV:THX) seeking a secondary listing on AIM. The Company is targeting Admission during Q2 2021. Segun Lawson, President & CEO, stated: “Thor Explorations has advanced significantly, in both project development and capitalisation since the acquisition of Segilola in 2016. T

Morning Note – 6 April 2021

The Joy of Techs - finnCap Technology quarterly sector note

Augmented Reality (AR) and Virtual Reality (VR) could transform our lives in 5-20 years – AR and VR could see new devices complement or replace our TVs, and make us look at our smartphones as we now look at the cassette player/Walkman. We believe that Extended Reality (XR) adoption is currently comparable to the iPod phase of 2002-06 for the smartphone, with the launch of the iPhone in 2007 about to lead mass adoption of the smartphone. Major tech companies have been focused on overcoming the su

Cenkos: Healthcare Sector - Ward Round

Weekly round-up of AIM-listed healthcare news. Venture Life Group, GENinCode, Kromek, Alliance Pharma, Polarean Imaging, Benchmark Holdings, Ondine Biomedical, Verici Dx, Faron Pharmaceuticals, Avacta Group, Abingdon Health, Open Orphan, Belluscura, Hutchmed (China), Oxford Biodynamics

Morning Note – 6 July 2022

Capital Markets Day feedback

Cambridge Cognition held a very impressive CMD yesterday which showcased the group's Science and Technology capabilities.

Hybridan Small Cap Feast 28/06/2022

Joiners: No Joiners Today. Leavers: Raven Property Group has left the Main Market. What’s cooking in the IPO kitchen? Immediate acquisitions (IME.L) is to re-join AIM via a Reverse Takeover of Fiinu Holdings Limited. Once complete the Company is proposing to change its name to Fiinu Group plc. Fiinu intends to be a provider of a consumer banking product, the Plugin Overdraft ®, which is designed to provide customers with an overdraft facility without having to change their current account or req

Strong H1 underpins high teens FY22 organic growth

Gresham reports that positive trading has continued in H1 with group revenues up 19% organic to £23.1m. Clareti ARR grew an impressive 17% organic to £25.9 and continues to be the engine of growth. There was also strong trading from non-Clareti revenues which has the potential to continue in H2 depending on some material Contracting revenues renewals. As such Gresham expects FY22 results to be at least in line with expectations. We make no changes to forecasts at this time, though further positi

Contract wins and trading update

Tribal has today announced multiple contract wins (both with new and existing customers) and as well, a positive interim update for FY22, highlighting that - driven by this sales momentum and stronger than expected implementations – revenue now expected to be “marginally ahead”. EBITDA meanwhile has been temporarily held back by a customer specific factor, though this is set to recover in H2 and hence management are guiding to unchanged EBITDA expectations for the full-year. We therefore upgrade

Hybridan Small Cap Feast 27/06/22

Joiners: No Joiners Today. Leavers: No Leavers Today. What’s cooking in the IPO kitchen? Immediate acquisitions (IME.L) is to re-join AIM via a Reverse Takeover of Fiinu Holdings Limited. Once complete the Company is proposing to change its name to Fiinu Group plc. Fiinu intends to be a provider of a consumer banking product, the Plugin Overdraft ®, which is designed to provide customers with an overdraft facility without having to change their current account or request an overdraft from their

Hybridan Small Cap Feast 30/06/2022

Dish of the day Joiners: Visum Technologies has joined the AQSE Growth Market. The Company's business is to own and operate an "on-ride" video and photographic camera system that it sells and/or licenses to customers (being theme parks, ride manufacturers, souvenir imaging providers, and other leisure operators). Leavers: No Leavers Today. What’s cooking in the IPO kitchen? Immediate acquisitions (IME.L) is to re-join AIM via a Reverse Takeover of Fiinu Holdings Limited. Once complete the Compan

Morning Note – 28 June 2022

Morning Note – 29 June 2022

D4T4 Solutions - FY22 beats expectations and funds a 12.5p special dividend

Final FY22 revenues and earnings are slightly ahead of forecasts already lifted with the YE update, reflecting a year of strong financial performance despite the pandemic and economic uncertainty. The ongoing transition to recurring revenue means the impressive +32% yoy growth in ARR is a better measure of sales growth, driven by need for granular data in real time by businesses after digital transformation. As expected, margins are lower yoy due to investment in opening an $18bn anti-fraud mark

Hybridan Small Cap Feast 04/07/2022

Joiners: Re-admission of 888 Holdings to the Main Market following the reverse takeover of William Hill. Leavers: Umuthi Healthcare Solutions has left the Main Market. What’s cooking in the IPO kitchen? Immediate acquisitions (IME.L) is to re-join AIM via a Reverse Takeover of Fiinu Holdings Limited. Once complete the Company is proposing to change its name to Fiinu Group plc. Fiinu intends to be a provider of a consumer banking product, the Plugin Overdraft ®, which is designed to provide custo

AGM: trading in line with strong growth expectations

SmartSpace reports that trading since May has continued in line with its expectations. Highlights include continued progress at SwipedOn, a pick-up in momentum for Space Connect and a strong start to the year for A+K, the latter seeing revenues significantly higher yoy. Recall that Smartspace indicated that group ARR reached £5.5m at end April and that it expected “further strong growth in FYJan23”. We forecast group ARR of £6.8m at end FY23 with the stock trading on a modest 2.5x this number, w

LIBERUM: Virgin Wines UK* - Quality shines through - BUY

Profitable cybersec growth story, undervalued