Companies: K3C QTX SOM TXP
K3 Capital placing to raise gross proceeds of £10.0m (plus £3.1m of consideration shares issued to vendors) in order to fund the acquisition of Knight Corporate Finance (CF) and Knight R&D. Together these offer normalised LTM EBITDA of c.£2.8m, with margins of 45% in the CF business and 63% in the R&D business, commensurate with K3’s existing lean, high-margin model. Knight CF is a sector-specific corporate finance boutique advising clients in the technology and telecoms sector, while Knight R&D
Companies: K3 Capital Group Plc
Companies: AFRN IOM K3C ACC
Semper Fortis Esports* recently announced its intention to IPO onto the Access Segment of the Aquis Stock Exchange Growth Market. Semper is a multi-operational Esports organisation focusing on gaming technology solutions, brand enhancement and high growth team infrastructures. The company plans to raise £2.5m to develop their three core areas of establishing an esports team, forming partnerships with brands for sponsorship and B2B consultancy services. The Board are highly experienced in spor
Companies: KIBO ROCK VRCI K3C TOU ADT PCA ATYM IOM MJH
Companies: EOG K3C QXT DEST
Companies: K3C SAV AGL TRCS
Umuthi Healthcare (UHS.L) , the technology led healthcare business focused on the distribution of pharmaceuticals and the provision of medical facilities in remote areas has joined the main market (standard). No funds raised. Umuthi onboarded 2,000 clients during the previous financial year which represents a single digit fraction of the immediately available customers to its MedTech platform and have booked revenues as a result of these sales, ensuring tangible proof of concept. The bespoke p
Companies: CCS PYC FRAN MCL ABDP IUG AGL K3C KOO MDZ
As flagged at the trading update in December, the ahead-of-expectations interim results to 30 November 2020 show successfully integrated transformational acquisitions contributing positively to enlarged and diversified group revenue and profits. All three divisions are trading strongly in spite of COVID and associated lockdowns, with monthly average KPIs in the M&A division performing well and ahead of pre-lockdown levels in many cases. We upgrade our SOTP-driven price target to 323p, as positiv
Looking Ahead At The Next Week
Companies: ARBBTRIWILCLIGGATCAEGNWGWJGMRLK3CRBGONCSENSMANOPLUSGLEN
Companies: K3 Capital Group Plc (K3C:LON)Tristel Plc (TSTL:LON)
Companies: DSCV K3C ODX PHD STM TRMR
K3 Capital (K3C): Corp
Cambridge Cognition (COG): Corp | Frenkel Topping (FEN): Corp | Ideagen (IDEA): Corp | Iofina (IOF): Corp | K3 Capital (K3C): Corp | NAHL (NAH): Corp | President Energy (PPC): Corp | Tremor (TRMR): Corp | Trifast (TRI): Corp
Companies: COG FEN IDEA IOF K3C TRMR PPC
Research Tree provides access to ongoing research coverage, media content and regulatory news on K3 Capital Group Plc. We currently have 62 research reports from 3 professional analysts.
The financial performance in H1E suggests the Group is firmly on track to meet our FY21E forecasts. The recent acquisitions will have contributed positively to the c15% YoY growth rate. The Sports and Personal Finance verticals are performing well while any relative weakness in Casino is being managed to ameliorate its impact. Buy.
Companies: XLMedia Plc
Gateley has announced the bolt-on acquisition of Tozer Gallagher, a leading practice of chartered quantity surveyors and construction consultants, for up to £700k. The acquisition adds complementary services to the Property platform and looks to be a good cultural fit; the businesses have worked closely together in the past and share a number of clients. For now, we assume modest earnings accretion (1% in each year) with scope for further growth over time under Gateley’s ownership. Equally impor
Companies: Gateley (Holdings) Plc
Companies: Science Group Plc
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
Companies: Fintel PLC
Companies: PayPoint plc
Franchise Brands has announced interim results that are well ahead of DCe on every metric and that FY results will be ahead of expectations, leading us to upgrade our FY21 PBT forecast by +9%. All areas of the group rebounded as the UK reopened, with revenues increasing +19% at Metro Rod, +11% at Willow Pumps and +32% in B2C. Further, we believe the group is well positioned to benefit as the UK continues to unlock in H2. The Digital Transformation programme announced at the FY20 results continue
Companies: Franchise Brands plc
In the half year to June 2021 Franchise Brands posted an increase in revenues of 18% and an increase in adjusted EBITDA of 50% with strong cash conversion of 84%. Revenue and adjusted EBITDA increased across all divisions as COVID-related restrictions were progressively lifted through the period. The easing of restrictions in the hospitality sector and the digital transformation continuing at pace, will further benefit the H2 outcome. The Board is confident regarding the prospects for organic gr
FY21A results depict a year of continued strong organic and acquisitive revenue growth, with margins maintained despite a +30% rise in headcount. As FY21A's acquisitions annualise this year and new recruits' utilisation picks up, we see growth continuing at a strong, but more tempered pace given the current subdued market conditions, where UK insolvency appointments declined -26% over FY21A. Cash generation will materially improve this year given the majority of IPO liabilities have now been pai
Companies: FRP Advisory Group Plc
Although renewable energy has been gaining increasing traction over the past decade as the costs of renewable energy generation and perhaps more importantly, energy storage have fallen, 2020 was a seminal year for transitional energy investors driven by governments seeking to “build back better” after COVID-19. The US has committed US$2.25trn largely focused on the energy transition while the EU has committed US$0.54trn with companies around the world including China committing to net zero targe
Companies: LAM FSJ TGP PRES JMAT CRPR NEXS VLX
Altus Strategies* (ALS LN) - La Mancha launches La Mancha Fund, a Luxembourg based long only fund dedicated primarily to gold mining. Ariana Resources (AAU LN) – Kiziltepe production guidance maintained Castillo Copper (CCZ LN) – Quarterly report highlights the ‘Big One' prospect Chaarat Gold (CGH LN) – Robust Kapan production in H1/21 with Tulkubash funding completion pushed to Q3/21 Glencore (GLEN LN) – Glencore to pay $9.85m to settle zinc rigging dispute Jervois Mining (JRV AU) – Jervoi
Companies: SO4 ALS AAU CGH GLEN POW TYM CCZ JRV LYC
What a difference a year makes - 12 months ago, the focus, quite understandably, was on the course of the pandemic and the lifting of the Lockdown (1) measures. For investors, it was the sustainability of the rally in markets seen since March 2020. Today, while we are still thinking about the lifting of lockdown measures, we are also concerned about two “old favourites” from previous decades. Inflation and the parlous state of public finances. The BoE has said that although CPI inflation rose to
Companies: AEMC BVC BAG BRSD BWNG CBOX CEG CTG CLG CML CRPR DNK EML ESC FAR FA/ GPH INSE MTW MOTR MMAG NRR NESF NMCN NSF OTMP OBD SAVE SCS STVG SNX SYS TMG TGL VLS VOG WYN
RBG’s pre-close trading update confirms the Group continues to trade in line with market expectations for FY21E (SCMe £45.5m revenue, £12.6m Adj. EBITDA). The Board intends to pay an interim dividend of 2 pence per share, against our full year expectation of 4.8p (3.1% yield). The integration of Memery Crystal is progressing well, having completed on 28 May, and will sit within the enlarged legal services business alongside RBL whilst retaining its separate brand identity. Convex Capital has now
Companies: RBG Holdings Plc
Begbies has reported a strong set of results for the year to 30 April 2021. In line with the trading update in May that confirmed results would be “comfortably ahead of expectations”, Begbies has reported a 19% YoY increase in revenue to £83.8m (6% organic), and a 25% YoY increase in adj.PBT to £11.5m. The group is in a very strong financial position with net cash of £3.0m (FY20: £2.8m net debt), leaving plenty of headroom to fund further organic growth and value-enhancing acquisitions. A final
Companies: Begbies Traynor Group plc
Companies: Ricardo plc
PCI_PAL yesterday confirmed the payment of a special dividend of 3.16 pence per share to shareholders on the register as at 18 November. This amounts to a total of £1,002,389.22 and will be paid in December 2016. As previously indicated, forecasts will be introduced when we have greater visibility of management’s plans around investment and strategic growth initiatives.
Companies: PCI-PAL PLC
