Hybridan Small Cap Feast 21-07-2022

Dish of the day Joiners: No joiners today. Leavers: No leavers today. What’s cooking in the IPO kitchen? Unigel Group, intends to join the Aquis Growth Market. Unigel Group is a pioneer in the field of thixotropic gels for the fibre optic cable industry. The Company is also a supplier of laminated steel tapes to the fibre optic cable industry in the US. Thixotropic gels and laminated steel tapes are essential components to the rapidly growing global fibre optic cable market. The Group export

Hybridan Small Cap Feast 11/08/22

Dish of the day Joiners: No joiners today. Leavers: No leavers today. What’s cooking in the IPO kitchen?** Unigel Group, intends to join the Aquis Growth Market. Unigel Group is a pioneer in the field of thixotropic gels for the fibre optic cable industry. The Company is also a supplier of laminated steel tapes to the fibre optic cable industry in the US. Thixotropic gels and laminated steel tapes are essential components to the rapidly growing global fibre optic cable market. The Group exports

Market share gains drive revenue growth

Significant market share gains in a particularly tough market environment were responsible for Marks Electrical recording a strong 13.7% sales revenue growth rate in the first four months of its FY2023 financial year. With a sustained and impressive 4.8 Trustpilot score, and flat inventory levels, the company appears well positioned to make further sales gains and convert revenue and profits into increased free cash flow.  The current market share position implies massive headroom for growth, d

H1 22: US momentum steals the show

Flutter’s H1 22 numbers were ahead of consensus but missed our profit estimates as the challenges in Europe were more than offset by the US positives (+50% top-line growth with the first positive quarter for the adjusted EBITDA). The firm now expects FY22 ex-US EBITDA of £1,290m and £1,390m. US growth expectations (+72%) also surprised, sending the stock >9% higher following the announcement. We will upgrade our estimates to reflect the strong US momentum, and re-iterate our positive stance on

Hybridan Small Cap Feast 17/08/2022

Dish of the day Joiners: No joiners today. Leavers: Altus Strategies Plc has left AIM. What’s cooking in the IPO kitchen?** Unigel Group, intends to join the Aquis Growth Market. Unigel Group is a pioneer in the field of thixotropic gels for the fibre optic cable industry. The Company is also a supplier of laminated steel tapes to the fibre optic cable industry in the US. Thixotropic gels and laminated steel tapes are essential components to the rapidly growing global fibre optic cable market. T

Cenkos: Tasty Plc -- Strong performance despite challenges

Tasty Plc has produced solid revenue growth of c44% and an increase in Adj EBITDA of £2.7m to £8.0m. This growth was underpinned by; continued consumer pent up demand for socialising, an appreciation of the brand, and increases in takeaway and delivery. The Group has proven its resilience to adapt to the pandemic related challenges and should be well equipped to operate under current and future challenges, namely the strong inflationary pressures. With the planned removal of government support r

WH Ireland: Sector News and Views – Corporate - dollar earner picks in a changing landscape

A year on from the end of lockdown on July 19 2021, celebrations at the UK's economic bounce-back in H2-21 have long lost their fizz. Two intertwined themes have remained salient / gathered pace over the past six months since our mid-year sector review: exchange rates and inflation. As we write today, press speculation is focussing on the possibility of a 0.5% rise in UK interest rates in August, billed as the biggest move in 27 years. Looking further afield, economists are looking to the F

LIBERUM: Best of the Week

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

Cautious optimism ahead of new growth phase

Despite the various challenges (Covid restrictions, Brexit, supply chain disruption), FY’22 results were slightly ahead of upgraded expectations. The angling market is not immune to the well-documented headwinds but, with numerous strategic initiatives strengthening its capabilities, including the recent launch of its EU DC, Angling Direct is cautiously optimistic about the scope to deliver market share gains and begin a new growth phase in Europe. Forecasts have been maintained and valuation is

Material dividend hike after a strong H1

Amazon.com Inc.: The Continuing Rise Of AWS & Other Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (05/22)

Amazon started off with 2022 on a positive note with an increase in net sales year over year and a continuing CAGR of close to 25%, higher than the pre-pandemic levels. The biggest driver of Amazon’s growth in its e-commerce business continues to be the Prime members. The company is seeing a sharp rise in the member renewal rates as well as new additions as and customers are increasing their reliance on Amazon for their entertainment and shopping. It is also expanding its e-commerce product base

Diversification and scale for online success

The global online gaming market generated c £40bn of gross gaming revenues (GGR) in 2018 and newly regulating markets (the US) are expected to contribute to 7% CAGR to 2023 (according to H2 Gambling Capital (H2GC)). However, while regulated markets have provided significant opportunities for operators to date, government intervention remains a constant threat and legislation is tightening. Some mature markets (notably the UK) have been raising taxes and implementing regulatory burdens, which inc

The Industrial Revelation

Airbus secures €15bn credit facility but partially restarts production in France & Spain, Cummins suspends production and FY20 guidance as customers shutdown

The Industrial Revelation

Japanese PMI falls to lowest level since 2009, GE Aviation cuts 10% of workforce, Kone downgrades 2020 outlook