Companies: Jet2 PLC
AMTE Power, a developer and manufacturer of lithium-ion battery cells for specialist markets, announced its intention to seek admission to trading on AIM. Admission is expected to take place during March 2021. The Company intends to raise approximately £7 million by way of a placing of new ordinary shares in the capital of the Company. Timing TBC. Samarkand Group Limited, the cross-border eCommerce technology and retail group opening up the world's largest market for brands and retailers, intend
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Umuthi Healthcare Solutions Plc, the technology led healthcare business focused on the distribution of pharmaceuticals and the provision of medical facilities in remote areas, seeking admission to the Standard Listing segment of the Official List
The Hut Group. Expected intention to float on the Main Market. THG is a vertically integrated digital-first consumer brands group, retailing its own brands in beauty and nutrition plus third party brands, via its proprietary technology platform to
Companies: JET2 KRPZ IRON DNL RBG MPAC AGY SENS TGP
Dart Group has released an AGM statement this morning indicating satisfaction with load factors and financial performance achieved year-to-date in the context of the challenging operating environment. In addition, the Group has applied to change its name to Jet2 Plc in recognition of the recent sale of the Fowler Welch distribution business and the sole focus on leisure travel. We keep our forecasts withdrawn at this time.
FY20 results – All Focus on Resuming Operations
Sale of Fowler Welch
FY20 year-end trading update
Industry volatility – FY20 guidance withdrawn
Robust FY20 trading update but FY21 a difficult market
Dart Group has reported another strong set of interim results and indicates that the Board now expects current market expectations for FY20 to be significantly exceeded. In our view, the Group’s strategy and focus on customer service and a flexible offering has put it in a position to benefit from the current market conditions following the exit of Thomas Cook and we anticipate the Group will continue to build on this position in the medium term to overcome inherent industry cost challenges. Rei
Following continued delays of a Brexit agreement, few sectors within the UK market have remained attractive to investors despite low valuations. One sector which has continued to outperform despite the political drama has been the UK video gaming sector (henceforth UK gaming), which we are fans of. We believe a combination of sector-leading growth, strong cash conversion and timely cyclical positioning support our positive view on the UK video gaming sector.
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Dart Group has released a positive trading update indicating booking trends have continued to strengthen, boosted by later season bookings, and that the Board believes market expectations for FY20 PBT will be exceeded. There had been indications from other market players that demand had been strengthening in the later season and this announcement suggests Jet2 has been well positioned to capture the upside. Reiterate Buy.
Registration document approved for Helios Towers. The Group provides essential network services, flexible infrastructure solutions and reliable power supply to mobile network operators in five African growth economies. Revenue increased 7 per cent. year-on-year to US$191m (H1 2018: US$178m), with Adjusted EBITDA up 15 per cent. year-on-year at US$99m (H1 2018: US$86m) for the six months ended 30 June 2019. Pricing rumoured at 115p to 145p implying valuation of up to $1.8bn. Expected Oct 2019.
Companies: IDEA MACP QUIZ TRMR SYM QBT JET2 CERP BLTG
Dart Group has released an AGM statement this morning with the Board remaining optimistic that current market expectations for FY20 PBT (pre-FX revaluations) will be met but with caution over the outlook given rising costs and uncertainty which could impact FY21. We continue to believe that, in the face of industry headwinds highlighted in the statement, Dart Group’s well differentiated Leisure Travel strategy positions the Group very well vs competition and should contribute to ongoing share ga
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Devolver Digital to join AIM, an award-winning digital video games publisher and developer in the indie games space. Recently awarded indie 'Publisher of the Year 2021' by GamesIndustry.biz. Offer TBA. Due early Nov.
Life Science REIT to join AIM raising up to £100m. This will be the first London listed real estate investment trust (REIT) focused on UK life science properties providing investors with exposure
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Guild Esports has terminated its largest sponsorship deal to date and entered advanced negotiations for a potentially larger replacement contract that the company hopes to close before the end of the year.
Companies: Guild Esports PLC
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Arrow Exploration Corp. (AIM: AXL ; TSXV: AXL) , the oil and gas exploration and production company, has conditionally raised approximately £8.8m and is due to complete its dual listing on AIM on 25 Oct. Market cap c£13.1m.
Devolver Digital to join AIM, an award-winning digital video games publisher and developer in the indie games space. Recently awarded indie 'Publisher of the Year 2021' by GamesIndustry.biz.
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Studio Retail has announced a H1 trading update (to Sep), detailing strong product sales growth of 38% on a 2 year basis and up marginally YoY (against a tough comp). Financial services revenue was up 11%, also. Supply chain issues have been well managed by the group, as it took the decision in the summer to secure its supply chain. Any additional costs incurred/price inflation will be recouped from a higher pricing strategy in H2. Positively, going into the peak trading period, market data is p
Companies: Studio Retail Group plc
DPP has reported satisfactory interim results given the Covid challenges which continued to impact over Q3, and the fact that synergies have not yet fully come through. However, as normalisation returns and operational synergies start to flow through, it is pleasing to see trading has rebounded strongly with double-digit LFL sales in October. This news is slightly tempered by a soft Q3 and sector wide headwinds (similar to the UK) prompting a lowering of our 3 year forecasts, meaning positive EB
Companies: DP Poland PLC
Guild Esports provided an encouraging operational update and published H1 results yesterday. H1 financial results do not reflect the company’s substantial progress on sponsorships signings, tournament wins and fanbase growth:
Vertu has delivered an impressive set of record H1 results, which showed strong volume outperformance and pricing discipline across all markets. We are raising our FY22 forecasts by 19% to reflect current management guidance and leave our FY23/24 forecasts unchanged for now. Our near term value per share increases to 86p implying a healthy risk reward profile from here.
Companies: Vertu Motors PLC
G4M has delivered an H1 trading update in line with internal expectations against the very strong H1 trading performance last year and is on track to meet full-year consensus market expectations. UK sales performance was the stand-out feature, coming in flat on last year. Europe’s performance was hindered by post-Brexit challenges, down 16% on last year, though up 14% on a two-year view. Group sales are down 8% in aggregate, but up 31% on a two-year view. Gross margin has held up well, being dow
Companies: Gear4music (Holdings) PLC
H1 trading was slightly ahead of expectations from a sales and margin perspective, with UK sales positive in Q2 after annualising very tough Q1 comps. Despite exceptional comps, a good proportion of the gross margin uplift has also been retained. G4M continues to minimise the impact of various global supply chain headwinds. and has good visibility of stock/availability for peak. It is therefore confident of hitting full year expectations. Recent de-rating looks unjustified, particularly given a
Netflix surged past the target price from our last report as the company reported an exceptionally good result with strong subscriber growth and earnings. The company added as many as 4.38 million subscribers in the quarter, well above the 2.2 million in the corresponding quarter of the previous year on account of the huge success of many of its originals such as Squid Game, Lupin and Money Heist’s latest season. Its 213.56 million paid subscribers across the globe have grown by 9.4% year over y
Companies: NETFLIX (NFLX:NYSE)Netflix, Inc. (NFLX:NAS)
Despite the encouraging H1 performance, which was partially explained by the staycation-driven increase in demand, and a faster revenue recovery for its UK hotel business, Whitbread’s H2 profit generation should be limited by inflationary pressures and the restrained activities in Germany.
Companies: Whitbread PLC
Guild Esports appears positioned to accelerate audience growth and sponsorship revenues as its teams gain momentum and David Beckham increases promotional activity.
Guild released results for the year ended 30 September 2020, which was pre-revenue and before IPO funding. Post period end, the company signed a three-year £3.6m sponsorship deal and a smaller two-year sponsorship deal.
PensionBee, the online pensions provider, with a mission to make pensions simple, so that everyone can look forward to a happy retirement, considering an IPO on the High Growth Segment of the Main Market of the London Stock Exchange. PensionBee is a leading online pensions provider in the UK, with approximately 130,000 Active Customers and £1.5 billion of assets under administration , in each case as at 28 February 2020. Cornerstone FS to join AIM, an SME focused, cloud-based provider of inter
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Wickes to demerge from Travis Perkins and list on the Main Market. Expected 28 April. Advance Energy to complete an RTO on AIM indirectly acquiring up to 50% of Carnarvon Petroleum Timor which holds a 100 per cent. working interest and is the contractor under the Buffalo PSC, offshore Timor-Leste. Carnarvon Petroleum Timor is a subsidiary of ASX listed company, Carnarvon Petroleum Limited. The net proceeds of the Placing of approximately £20.01m (approximately US$27.51mm) will be used to fund
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