Hybridan Small Cap Feast - 23 Jan 23

23 January 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 object

Morning Note – 23 January 2023

Morning Note – 20 January 2023

Hybridan Small Cap Feast 17/10/22

Joiners: No joiners today. Leavers: No leavers today. What’s cooking in the IPO kitchen?** World Chess plc, a leading chess organisation, intends to join the Main Market. World Chess Plc is the holding company of a group which aims to promote the mass market appeal of chess globally through the commercial offering of chess related activities. Euro 8m to be raised. Expected November 2022. OTAQ plc, (OTAQ.L) the technology company with three divisions: Aquaculture, Geotracking Devices and Offshore

Morning Note – 17 October 2022

Audioboom Group - Momentum building into Q4, record net cash

Audioboom has reported Q3 revenue and adjusted EBITDA of $16.2m and $0.6m, record net cash of $8.0m, and we reiterate our FY22 and FY23 forecasts. As highlighted by management at Q2 results in July, the macro environment weighed on Q3 advertiser spend, but the platform saw its low-point in July and has seen momentum build through August and September. Management expects growth to continue into the seasonally strongest Q4, and with over $73m of revenue contracted (88% of FY22E revenue) vs $55m at

Morning Note – 18 July 2022

Audioboom Group - Record H1 22 with organic revenue growth of +79% yoy

Following remarkable FY21 results and record Q1 results in April, H1 22 results confirm that the platform’s excellent momentum has continued, with organic revenue growth of +79% yoy to $40.9m, adjusted EBITDA of $2.0m v $0.2m in H1 21, and record net cash of $5.8m. Each of the divisions has delivered strong growth and management have achieved numerous multi-year renewals with key podcasts, including three announced on 14 July, alongside new partnerships with two top-tier podcasts. After upgradin

Morning Note – 14 July 2022

Morning Note – 25 May 2022

Hybridan Small Cap Feast 20/05/22

Dish of the day Joiners: No Joiners Today. Leavers: No Leavers Today. What’s cooking in the IPO kitchen? Psych Capital PLC, intends to list on the AQSE Growth Market. Psych operates the Psych Platform (a business-to-business networking platform), that is developing the Blossom Database pursuant to a third party licensing arrangement. The Company also has an investment of 426,000 common shares in Awakn, a Canadian NEO Exchange listed psychedelics research and clinical group, with operations in th

Audioboom Group - Strong FY21 results and a record Q1 to start FY22

Audioboom has announced strong FY21 results, with revenue growth of +125% to $60.3m that is +$0.1m ahead of our prior forecast, FY21 gross profit growth of $13.3m or +2% ahead, and FY21 adjusted EBITDA of $3.1m or +5% ahead. Its excellent momentum has continued into FY22 where on 11 April it announced a record Q1 with revenue growth of +107% to $19.7m, adjusted EBITDA of $0.9m (Q1 21 $0.03m), and record monthly downloads of 131m in March 2022. Its FY21 and Q1 22 performance has been driven by st

Morning Note – 11 April 2022

Audioboom Group - Record Q1 with revenue growth of +107%

Audioboom has announced a record Q1 performance, with revenue growth of +107% to $19.7m, adjusted EBITDA of $0.9m (Q1 21 $0.03m), and record monthly downloads of 131m in March 2022. In direct premium advertising (c65% of revenue), it has continued to benefit from robust advertising demand and its record downloads, with the average unit rate for its top 25 podcasts increasing to $14.3k in Q1 22 from $6.5k in Q1 21, its average global revenue per 1,000 downloads (eCPM) increasing +25% yoy to $50.5

Morning Note – 7 March 2022

LIBERUM: hVIVO plc* - Update exceeds expectations

Top Picks for 2023 - 2022 review and outlook for 2023

On 10 January last year, we set out our ten top stock picks for 2022, in what turned out to be a very poor twelve months for global equities, due to war, accelerating inflation, political instability and recession fears. Between 7 January 2022 and 31 December 2022, the AIM All-Share Index declined 30.0%, whilst the average performance of our ten top picks was -24.7%, a modest relative outperformance. In this note we discuss the performance of our 2022 top picks, equities trends in 2022, and our

QuotedData’s Real Estate Monthly Roundup – January 2023

Performance - 2022 ended with another difficult month for property companies as the sector continues to get to grips with the impact of higher interest rates. There were several funds that performed well during December, however, with secondary shopping centre landlord Capital & Regional top of the pile. For a second month on the trot Home REIT saw its share price tank after it came under attack from a short seller in November. Valuation moves - It was a mixed bag for valuations, with six-month

SHORE CAPITAL - Sureserve Group+ (SUR, House Stock at 91p)

This Week's AIM Highlights 20th January 2023

Cenkos: Bidstack Group Plc -- Termination of Coverage

Cenkos Securities plc has terminated coverage on Bidstack Group Plc. Our previous recommendation (BUY) and forecasts can no longer be relied upon. Please contact Cenkos for further information.

SHORE CAPITAL - Sureserve Group ^ (SUR) - House Stock at 85p

City of London Investments (CLIG LN) - Six-month trading update

CLIG’s half-year pre close trading update reveals $9.15bn of Funds Under Management (FUM): up in 2Q, but down 1% since 30 June. CLIG’s run-rate profit remains at levels reported in the 1Q IMS; the interim DPS remains at 11p.

Hybridan Small Cap Feast - 17 Jan 23

17 January 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 object

Hybridan Small Cap Feast - 25 Jan 23

25 January 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 object

Feedback on CMD

Franchise Brands held a well-attended CMD yesterday which highlighted the group's strategy, the robust performance of its two key operating divisions (B2B and Filta International), and how the application of technology and effective marketing are driving growth.

Morning Note – 24 January 2023

hVIVO - Trading update – a strong H2 that market was waiting to see

hVIVO issued a positive trading update for FY 2022, citing revenues (including other income) of £50.6m, which was above its previous guidance of £50m and FC’s revenue forecast of £49.1m, EBITDA margins not less than 17% and period-end cash of £28.4m (FC £22.8m est). Whilst this performance was positively affected by the recognition of postponement and cancellations fees amounting to c.£1m, underlying EBITDA was c.£7.6m (9% above FC £7.0m est) implying margins were c.15%, towards the top end of i

WHI Support Services Sector Comment: Challenges and opportunities

Bleak expectations for the UK economy in 2023 anticipate underperformance against other G7 countries based on factors such as (a) the UK's higher than average mortgage rate sensitivity and (b) relative exposure to high gas and energy prices. Some measure of political / economic stability has returned, though this arguably remains a brittle quality, given the scope for dissent within the Conservative party and the unpredictable impacts of industrial action, among a range of factors. All of this s

Hybridan Small Cap Feast - 18 Jan 23

18 January 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 object