Fintel plc (FNTL LN) - Pre-close beats our forecasts

Ahead of its finals on 21 March, Fintel has released a pre-close statement revealing revenue and EBITDA which beat Zeus expectations: • Core revenue grew c.8% to £56.4m (FY21: £52.2m) • Core SaaS & Subscription revenue grew c.7% to £36.8m (FY21: £34.3m) • Total revenue increased £2.6m to £66.5m (FY21: £63.9m) • Adjusted EBITDA grew c.6%, in line with Board expectations (FY21: 6%) while management continued to invest in core products and services • Net cash of £12.8m (FY21: £2.5m) with opera

Hybridan Small Cap Feast 13/10/22

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 intends to delist from the Main Market and join the A

Fintel (FNTL LN) - Core growing strongly

Fintel, the leading provider of Fintech and support services to the UK retail financial services sector, has published interims for the six months to 30 June 2022, which reveal:

Hybridan Small Cap Feast 28/07/22

Joiners: No joiners today. Leavers: No leavers today. What’s cooking in the IPO kitchen?** Inteliqo Limited, intends to join the Aquis Growth Market. Inteliqo Limited provides sales, marketing and distribution services to technology product owners under long-term distribution agreements. The Company has agreed its first such agreement in respect of the Ipedia iQ product range. The iQ product is a smart translation earphone (earbuds) system which offers integrated real time speech translation in

Fintel (FNTL LN) - Core growth driven by DaaS

Fintel, the leading provider of Fintech and support services to the UK retail financial services sector, has released a trading update for the six months to 30 June 2022, which reveals: Core revenue grew c.9% to £27.1m, (2H21: £24.9m) • Total revenue (i.e. including surveying) grew 2% to £32.2m, (2H21: £31.7m) • Adjusted EBITDA rose 5% to £8.7m (2H21: £8.3m) • Adjusted EBITDA margin improved to 27.0% (1H20: 26.1%) • Significant financial resources with £7.6m cash and undrawn £45m RCF • Und

Hybridan Small Cap Feast 19/07/2022

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 leading 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 to over 40

Hybridan Small Cap Feast 17/05/22

e client of Hybridan LLP Dish of the day Joiners: BSF Enterprise. Following the successful reverse takeover of 3D Bio-Tissues Limited, a tissue engineering business based in Newcastle, UK, the Company announces admission of the enlarged group to the standard segment of the Official List and initiation of trading on the Main Market under the ticker ' BSFA '. The Admission follows a placing which raised £1.75m at a placing price of 7.37 pence per share. Leavers: No Leavers Today. What’s cooking in

Fintel (FNTL LN) - Well positioned for growth

Full year results confirm good progress towards strategic focus: • 5% core revenue growth (target 5% to 7%) with core revenue rising £2.4m to £52.2m and total revenue up 5% to £63.9m (FY20: £61.0m) in line with Zeus forecasts • 33% core EBITDA margin (target 35% to 40%), with core margin rising from 31% in FY20 and overall EBITDA margin of 28.6% (FY20: 28.4%) and adjusted EBITDA rising 6% to £18.3m (FY20: £17.3m) beating Zeus forecast of £18.1m • SaaS & subscription 66% of total core reve

Hybridan Small Cap Feast 27/02/2022

What’s cooking in the IPO kitchen? Strip Tinning Holdings, an established supplier of specialist connectors to the automotive sector, intends to join AIM. Strip Tinning manufactures specialist flexible electrical connectors related primarily to heating and antennae systems embedded within automotive glazing and to the connection of the cells within electric vehicle (EV) battery packs, increasingly using flexible and lightweight printed circuit technology that also has growing application elsewhe

Fintel (FNTL LN) - Digitisation raises earnings quality

What’s new: Fintel’s trading update confirmed its 2021 results will meet or exceed expectations, Fintel is making “significant strategic progress” and is financially strong:  5% core revenue growth to £52.2m (Zeus forecast: £51.0m; 2020: £49.8m) and total revenue (including disposals) is “marginally ahead of expectations” at £63.9m (Zeus forecast: £61.0m; consensus: £61.6m; 2020: £61.0m).  Adjusted EBITDA growth “in line with expectations” (consensus: £18.1m).  £2.5m net cash at year end

Hybridan Small Cap Feast 02/12/2021

Joiners No Joiners Today. Leavers No Leavers Today. What’s cooking in the IPO kitchen? Public Policy Holding Company, to join AIM. PPHC, through its wholly-owned companies, operates a portfolio of independent firms that offer public affairs, crisis management, lobbying and advocacy services on behalf of corporate, trade association and non-profit client organisations. Mkt Cap and Capital to be raised TBC. Expected admission date Mid Dec. Libertine to join AIM. Libertine has developed a technolog

Fintel (FNTL LN) - Plan proceeding “at pace”

What’s new: Fintel’s interims are in line with its July trading update which (i.e. 10% revenue growth and 12% EBITDA growth) and provided colour on the impact of recent strategic disposals (i.e. Zest Technologies and Verbatim funds).

Fintel (FNTL LN) - Deal extends fintech reach 30%

What’s new: Fintel has signed a 5 year distribution partnership with Tatton Asset Management (c £7m fintech and distribution agreement) and agreed to sell its Verbatim Funds for £5.8m cash consideration of which £2.8m is on completion and £3.0m is subject to performance.

Fintel (FNTL LN) - Trading update & sale of Zest

What’s new: Fintel’s trading update (ahead of interims on 21 September) reveals:  10% revenue growth to £31.7m (1H20: £28.9m)  12% adj EBITDA growth to £8.3m (1H20: £7.4m)  Improved cash conversion: ratio of adj EBITDA to post tax & capex operating cash flow of over 70% (1H20: 65%)  60 basis point rise in EBITDA margin to 26.1% (1H20: 25.5%)  Sale of Zest Technology for £10m initial cash consideration: £11.5m max  Transition towards new digital operating model: ahead of plan  Profo

LIBERUM: Fintel plc* - Presentations support our conviction in the outlook

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

Morning Note – 20 January 2023

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

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

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