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

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

LIBERUM: Real Estate Investors* - Further sales fund accretive buyback and drive debt reduction

LIBERUM: Real Estate Investors* - Profitable sales drive NTA growth whilst reducing leverage

LIBERUM: Real Estate Investors* - Further profitable sales set to drive capital return strategy

LIBERUM: Real Estate Investors* - Cash backed returns at a discount

LIBERUM: Real Estate Investors* - FY21 in line, delivering a respectable 13% total accounting return

LIBERUM: Real Estate Investors* - Strong private investor market driving asset sales

LIBERUM: Real Estate Investors* - All the right moves

LIBERUM: Real Estate Investors* - H1 c.7% ahead; a solid return to growth

LIBERUM: UK Small & Mid Cap Dispatches

LIBERUM: Real Estate Investors* - Early signs of market normalisation

Small Cap Feast: 03/06/21

What’s cooking in the IPO kitchen? CMO Group PLC, the UK's largest online-only retailer of building materials, announced its intention to seek admission to AIM. The Group currently operates seven specialist websites, Roofingsuperstore.co.uk, Drainagesuperstore.co.uk, Insulationsuperstore.co.uk, Doorsuperstore.co.uk, Tileandfloorsuperstore.co.uk, cmotrade.co.uk and Totaltiles.co.uk. Admission due early July. Seraphine Group, intends to IPO on the Premium Segment on the Main Market. Seraphine, a

LIBERUM: Real Estate Investors* - A West Midlands recovery play

Capital Access' Hot Off The Wires - The Day Ahead

Today's news & views, plus announcements from NWG, IMB, PNN, CCL, BYG, BAG, PRE, SUS, STU, LAM, SAVE, BGO, RLE

Stable 4Q22

LIBERUM: Trident Royalties* - Record quarterly receipts

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

LIBERUM: Trident Royalties* - General Motors invests in Thacker Pass

FY22 TU – Strong Upgrades on Better Performance

Argentex has issued a trading update for the 9M22 period this morning, with revenue and earnings performance ahead of expectations. FY22 revenues are up 54% yoy to £50.4m (+7.5% vs. SCM estimates) and operating margins are ahead of management expectations. This was driven by growth in the number of corporate clients as well as good progress across its growth strategy, with robust trading across all products and geographies. Another strong update from Argentex, as the Group continues to deliver o

Cenkos; Marlowe Plc -- Building the software offering

Marlowe hosted a well-attended CMD last week in which it provided a deep dive into its burgeoning software business, which from a standing start in 2018, has grown to represent c25% of group Adj EBITDA today, driven by a combination of targeted acquisitions and strong organic growth (mid-high teens in FY22A). Multiple macro drivers underpin growth in the global GRC market, which is expanding at a c8% CAGR. With the share price having nearly halved over the past 12-months, Marlowe now trades mate

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

FLASH: FY22 pre-close indicates profit beat

Morning Note – 31 January 2023

Q4 Activities Update

Trident Royalties Plc (AIM: TRR) has, this morning, provided an update on its activities undertaken during the quarter ended 31 December 2022. In terms of royalty receipts it has been the best quarter since inception. QoQ revenues increased 46% to US$3.5m (9x YoY). Each royalty either met or exceeded our forecasts with Koolyanobbing 52% ahead. The gold offtake portfolio was slightly above our forecast.

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

Hybridan Small Cap Feast - 19 Jan 23

19 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

Belvoir Group - Resilient and diverse business model supports long-term value

Belvoir’s FY 2022 year-end statement details a resilient performance against lower activity levels in the housing market and the high degree of uncertainty that the Autumn mini budget created. We have upgraded our FY 2022E EPS by +2% and now forecast a decline of less than -10% against the very strong 2021 comparative. The recurring lettings revenue accounts for c.56% of Group gross profit and is supported by rising rents. Rents on new tenancies were up +10.8% during the year and will progressiv

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

Portfolio update – good progress & new investment

AUGM has published a portfolio update this morning, including the news of the Group having led a funding round into Berlin-based cyber insurance platform Baobab (3m investment), bringing the Groups portfolio to 25 investee companies. AUGM continues to significant growth potential within its portfolio, despite a more challenging macro-backdrop, with its top 5 portfolio companies having generated an average 102% yoy growth rate. Overall a positive update with good progress across key investments.