Hybridan Small Cap Feast 23/03/22

Joiners: RC365 Holding has joined the Main Market (Standard). Founded in Hong Kong in 2013, the Group is a fintech solutions service provider in China and Hong Kong, and is looking to expand its payment gateway services into Europe and the UK. In connection with Admission, the Company successfully raised approx. £2m for the Group at a price of 6.2p per ordinary share. At the Issue Price, the Company's market capitalisation will be approx. £6.7m. Leavers: No Leavers Today. What’s cooking in the I

Small Cap Feast: 09/07/21

Joiners: LungLife (LLAI.L), a developer of clinical diagnostic solutions for lung cancer enhanced by artificial intelligence (AI), has joined AIM. The Company's technology is a combination of the recovery of rare cells and blood-based biomarkers shown to be altered in lung cancer. The Company employs machine learning to improve upon existing computer software to identify informative cells from blood, and intends to build a deep, novel pool of lung cancer-related data for AI-enabled applications

Resilient performance leads to upgrades

SDL delivered a better than forecast H1, outperforming sales and AOP estimates. Revenues moderated by just 1% to £180.7m, with AOP up 1% to £16.3m. Increased demand from strongly performing verticals (Online Retail, Technology) has offset declining volumes from CV19 impacted sectors (Leisure, Travel, Automotive). KPIs continue to move in the right direction, with ARCV rising 7% y/y, and Linguistic Productive Utilisation stable at 67%. The Group delivered 60 new technology customer wins in H1, an

SLATE proposition unveiled

SDL held an introductory session for the Group’s new SLATE proposition (launched in June). Good traction has been seen within the Group’s existing base presenting an attractive upsell opportunity, whilst also enabling expansion of the Group’s TAM with a market-leading, highly automated and immensely scalable solution. Management estimate SME and ‘off-grid’ translation projects to be a market worth in excess of $10bn, with SLATE allowing the Group to target these areas in a more meaningful way. T

Strong 2019, cash generative 2020

SDL has delivered a strong set of FY’19 results, coming in a touch ahead of N1S forecasts with sales of £376.3m (+5% pro forma y/y; N1S: £371m) and AOP of £37.2m (N1S: £35.8m). High 98% cash conversion delivered strong FCF of £29.6m. The Group has entered 2020 in rude health with high tech renewal rates (c.90%), healthy growth in premium Language Services (14% pro forma y/y), and a strong balance sheet position with gross cash of £98m and a further £57m in current facilities at today’s date. Cov

SDL delays results in-line with FCA moratorium

SDL have delayed the announcement of FY’19 prelims in line with the FCA moratorium publicised over the weekend. The Group reiterates the strength of FY’19 trading previously flagged in the update in January. Whilst FY’20E has had a strong start with revenues and pipeline building well, more recently the Group has noted some delayed decision making from customers. SDL’s high degree of recurring revenues and stickiness of product offerings provides some insulation, however management are anticipat

Small Cap Feast

Intention to float by Gemfields Group. No Capital Raise. Currently listed on JSE. (GML:JNB) at circa £122m. The Group's key producing assets, the Kagem emerald mine in Zambia (believed to be the world's single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world), are both expected to have long mine-lives with potential for expansion. Also owns the Faberge brand. Due Valentines Day 2020.

In line FY trading statement

SDL has today announced that both FY19 sales and AOP are in line. Further, the company states its y/e net cash position at £26m – this is also in line with N1S forecasts. To remind, FY18 reflects only 5 months‘ contribution by DLS, therefore the majority of FY19’s sales uplift should come from Donnelley, but as well, +4/5% (exp.) organic growth. To this end, today’s update provides evidence of progression – towards management’s stated goal of “high single digit” growth. We flag that the y/y LFL

Analyst and Investor Day demonstrates technology strength

SDL held a well attended Analyst and Investor day yesterday at its Maidenhead HQ. The Group showcased its Helix, Insight and Tridum DX platforms, as well as offering a demonstration of the new Language Cloud portal which opens up the prospect of a fully automated machine translation portal in the future. We continue to see SDL as well placed within the premium content space (market growth estimated: 10% -15% pa), while also delivering growth within the user-generated content market (estimated gr

Good progress with all KPIs, trading remains on track

SDL has reported interim results that highlight group revenue up 40%, driven by 6% pro forma revenue growth, the DLS acquisition and currency tailwinds. Further improvement in gross margin and cost saving initiatives helped deliver adjusted operating of £16.1m (£15.5m pre-IFRS 16) and adjusted diluted EPS up 14%. This financial outturn was underpinned by improvements across all core financial and operating KPIs. SDL has entered the second half with good sales momentum and a healthy sales pipelin

Small Cap Feast

Techniplas –global producer and support services company providing highly engineered and technically complex components, making the supply chain to original equipment manufacturers more efficient. FYDec17 rev $515m. Loungers plc—the operator of 146 café/bar/restaurants across England and Wales under the Lounge and Cosy Club brands, announces its intention to seek admission on AIM, offer TBC, expected late April. SDX Energy plc—a North Africa focused oil and gas company, announces its intention t

Transformation plan drives improved performance

Full year results highlight a much-improved performance driven by strong progress against operational and financial goals. This is reflected in higher Premium Service revenue, cross and up-selling success, improved linguistic utilisation and cost savings already delivered. Further cost initiatives already underway should deliver upside pressure to our conservative operating margin forecasts. A FY19 EV/EBITDA of 11.9x, falling to 10.4x in FY20, looks particularly good value given this upgrade pot

Positive full year update confirms upgrade and re-rating potential

SDL has released a positive trading update indicating that it expects full year revenues in the range £323m-£325m and adjusted EBITA of no less than £28.5m, in line with expectations. Year-end net cash of £14.4m was much better than expected. We have updated our FY 2018 estimates to reflect the indications in the update, but left our FY 2019 and FY 2020 revenue and earnings forecasts unchanged pending additional guidance on trading momentum and cost synergies when results are released on 20 Marc

Positive full year update confirms upgrade and re-rating potential

SDL has released a positive trading update indicating that it expects full year revenues in the range £323m-£325m and adjusted EBITA of no less than £28.5m, in line with expectations. Year-end net cash of £14.4m was much better than expected. We have updated our FY 2018 estimates to reflect the indications in the update, but left our FY 2019 and FY 2020 revenue and earnings forecasts unchanged pending additional guidance on trading momentum and cost synergies when results are released on 20 Marc

Opportunity knocks

We are introducing our Best Ideas for 2019 and also review the performance of last year’s picks. We suggest ten solidly financed stocks with good business dynamics that ought to be considered for core portfolio holdings and six UK domestically focused stocks that our analysts believe should perform strongly in the event that uncertainties unwind. We also introduce a new style of research from N+1 Singer which presents a Company’s dynamics and metrics in a clear and concise manner and concentrate

LIBERUM: hVIVO plc* - Update exceeds expectations

Climbing

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

This Week's AIM Highlights 20th January 2023

SHORE CAPITAL - Begbies Traynor Group+ (BEG) - House Stock, 144p - NED appointment & insolvency volumes

FY22 update – Performance in-line & board changes

RBGP has published its FY22 pre-close trading update this morning. Unaudited FY22 revenue, adj. EBITDA and adj. operating profit are expected to be in-line with our estimates. Professional Services, saw good performances across both, the legal services and sell-side corporate finance offering. Whilst there is no resolution on decreasing exposure to LionFish, the Group is encouraged by accelerating developments. RBGP also announced a number of changes to the board, with Nicola Foulston, CEO, havi

Morning Note – 6 February 2023

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

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 - 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

Major contract award

The Group has announced that Chesterfield Special Cylinders (‘CSC’) has been awarded an £18.2m contract which we believe to be for the supply of air pressure vessels for the Royal Navy’s third and fourth boats in the Dreadnought-class nuclear submarine programme. Management had expected BAE Systems to place an order for the third boat at the start of this calendar quarter and today’s announcement underpins current market expectations with delivery anticipated over the next 3 years and reinforces

Hybridan Small Cap Feast - 06 Feb 23

06 February 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 objec

SHORE CAPITAL - Inspired - FY Trading In-Line, Optimisation Leads

Hybridan Small Cap Feast - 20 Jan 23

20 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 - 30 Jan 23

30 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