Eagle Eye+ (EYE, House Stock at 565p) - FY23A: Smarter, Faster, Better, Stronger

Hybridan Small Cap Feast 15-09-2023

Dish of the day Joiners: No joiners today. Leavers: No leavers today. What’s cooking in the IPO kitchen?** Announced ITF 12 July: Substrate Artificial Intelligence, an artificial intelligence company based in Spain that creates, buys and scales companies around AI in diverse sectors such as fintech, agritech, energy, human resources, and health, intends to join the Access Segment of the AQSE Growth Market. Admission delayed. Announced ITF 6 July: Blackpoint Biotech plc, a medical cannabinoids co

Eagle Eye+ (EYE, House Stock at 543p) - Chair Malcolm Wall to stepdown…

Eagle Eye+ (EYE, House Stock at 540p) - Hudson’s Bay partnership announced

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

Eagle Eye+ (EYE, House Stock at 555p) - The AIR beneath my wings - Upgrades

Hybridan Small Cap Feast - 03 Jul 23

3rd 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 objectiv

Eagle Eye+ (EYE, House Stock at 515p) - UK Morrisons

Eagle Eye+ (EYE, House Stock, 543p) - First contract win for Untie Nots

Initial Equity Trading Comments - 15 May 2023

Eagle Eye+ (EYE, House Stock, 538p) - New Board appointment

Growth Companies - Share & share alike Sell in May?

CentralNic (trading as Team Internet Group) (TIG LN) - Diversified, integrated, global

CentralNic Group plc announced yesterday a rebranding to Team Internet Group, AIM:TIG (which will be followed by a legal name change once approval at a general meeting has been received). Team Internet Group hosted a capital markets event yesterday in to provide a deep dive into its business segments and growth drivers. Team Internet has become a trusted, value-add partner in digital advertising and ecommerce. To continue the Group’s impressive growth trajectory, Team Internet has strategic ini

Interim results

S4 Capital has released interims that are in line with the July Trading Update though the group cautions that trading has become more challenging and it lowers its LFL guidance from +2-4% to ‘likely down' and EBITDA margin from 14.5-15.5% to 12.0-13.5%.

LIBERUM: M&C Saatchi: Tough 1H but in Zillah we trust

On a MISSION to grow

Hybridan Small Cap Feast - 07 Sep 23

7th September 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 obj

CentralNic (CNIC LN) - H1: Returning value to shareholders

The company grew EBITDA strongly and expanded Adjusted EBITDA/ Gross profit margin through operating leverage.

Hybridan Small Cap Feast - 19 Sep 23

19th September 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 ob

LBG Media (LBG LN) - Impressive strategic progress

LBG’s resilient H1 performance reflects positive momentum across key metrics, with a significant increase in global audience, content views and brief pitch to order conversion. Revenue growth combined with effective action on costs, has delivered a rebound in profitability. On track to meet full year expectations with H2 revenue and profitability reflecting typical seasonality.

SpaceandPeople (SAL LN) - Solid H1, encouraging outlook

For well reported reasons, the UK and European retail consumer backdrop remains challenging. That said, Space is trading well, offering flexible and low entry risk promotional services for retailers, and utilising vacant retail space for property owners and managers

Team Internet Group - More diverse, international, integrated

Team Internet (previously CentralNic) marked its 10-year anniversary of being listed with a name change and a capital markets day. Both reinforced the company’s transformation into a diversified digital marketing platform group. The group consists of a network of people, technologies and tier one partners focused on creating successful connections between consumers and companies online. We believe that this strategy and platform provide a resilient foundation for Team Internet to continue to gen

Hybridan Small Cap Feast - 20 Sep 23

20th September 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 ob

Cenkos: Consumer Q1/23

Key Observations Despite a second successive decline in CPI during the quarter, inflation remained at one of the highest levels in 40 years (10.5% in December) contributing to a winter of discontent, with each day in December facing some form of industrial action. The industrial action materially impacted the consumer sector and provided an insight into the simmering frustration around the decline in real wages of the UK population. There were multiple examples of consumer corporate failures d

Cenkos: XLMedia Plc -- Transformation Well Under Way

XLMedia has released a comprehensive interim trading update and remains in-line with our expectations. It covers a number of strategy updates regarding new and improved revenue streams such as revenue share agreements, new websites, and new product offerings. A focus on efficiencies and the principal business has seen cost reductions and disposals of non-core assets. XLM trades on an FY1 Adj EV/EBITDA multiple of 1.4x, which is a significant discount to UK media peers on 6.2x.

Tremor - $65m of cost synergies realised, Q2 net revenue +13% yoy

In a challenging environment, Tremor has announced Q2 net revenue growth of +13% yoy to $80.2m, adjusted EBITDA of $21.0m, and the successful realisation of $65m of annualised cost synergies following the Amobee acquisition in September 2022. Q2 Programmatic net revenue has increased +26% yoy or +22% qoq to $76.3m, with CTV net revenue increasing +17% yoy to $45.9m in H1. Today’s release confirms that the tech integration of Amobee is now largely complete, with the April launch of the cross-plat

Cenkos: Consumer Q3/22 Review

Third Quarter Key Observations  Escalating inflation continued to cut further into consumers' discretionary income, impacting demand across the consumer sector. The systemic rise in input costs significantly impacted companies' bottom lines, testing the resilience of even the strongest in the sector, as businesses balanced the long-term need to maintain relevance to their customer base (in terms of pricing & quality) whilst also seeking to navigate immediate economic challenges. The Gf