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Dillistone, a supplier of software for the international recruitment industry, has announced that its recruitment software subsidiary Ikiru People has secured its largest new contract win since the restructuring of the business in January 2020. Interestingly, the contract replaces three legacy recruitment software applications developed by competitors, and thus represents a genuine and significant validation of the Dillistone's investment in the Infinity platform.
Companies: Dillistone Group Plc
Dillistone, a supplier of software for the international recruitment industry, has announced interim results to June 2021 which reveal the delayed impact of Covid induced contraction across global recruitment markets. However, the same markets are now recovering strongly, which bodes well given Dillistone's investment in Talentis, with indications of expanding order intake. H1 revenue decreased 16.7% to £2.8m, with EBITDA decreasing 36% to £0.46m and adjusted PBT returning a loss of £0.13m. Dill
Dillistone is a supplier of software solutions to the international recruitment industry. Today's update signals a “return towards normality in several key markets”, which is reflective of the confidence being exhibited by the recruitment industry as a whole, led by temps, but now also in exec / permanent markets. At the time of reporting its 2020 preliminary results in April, Dillistone indicated strengthening order intake, so it is pleasing to see that this is broad based. The nature of Dilli
Dillistone is a supplier of software solutions to the international recruitment industry, a global industry that significantly and rapidly downscaled in the face of the COVID pandemic, but, in our view, now looks to be pivoting towards growth. The impact for Dillistone, in terms of FY2020, was a 21% decrease in revenue to £6.3m (FY 2019A: £8.0m), with recurring revenues reducing 13% to £5.7m. However, the full year benefit of cost synergies enacted in 2019, plus the accessing of Government suppo
Dillistone is a supplier of software solutions to the international recruitment industry. Today's trading update, for the year ended December 2020, evidences the continuing difficult macro backdrop across the global recruitment industry, largely a result of Covid-19. The revenue outturn for FY2020E is expected to be materially down YoY (FY2019A: £8.1m), however we understand costs have been tightly managed, and JRS utilised, with management flagging an in-line or slightly better adjusted loss f
Supreme, a leading manufacturer, supplier and brand owner of fast moving consumer products, announces the successful pricing of its initial public offering at 134 pence per share with institutional investors, to raise gross proceeds of £67.5 million. It is expected that dealings in the Shares will commence at 8.00 a.m. on 1 February 2021 on AIM NQ Minerals, the base and precious metals producer from its 100% owned flagship Hellyer Mine and the 100% owner of the Beaconsfield Gold Mine, both in no
Companies: KIBO PCIP BLV DSG GDR RBD ACSO TRB GHE PIP
Dillistone is a supplier of software for the international recruitment industry. Interim results to 30 June 2020 demonstrate a profitable performance, which is highly creditable given the company's global customer base, and exposure to recruitment markets, both of which have been significantly impacted and influenced by COVID-19.
James Halstead is a manufacturer and international distributor of commercial floor coverings. This morning, the group has provided a full year trading update for the twelve months to 30 June 2020, which illustrates stronger demand than anticipated at the time of the interims in March. A second interim dividend has been declared, whilst the year-end cash figure is reported to be ahead of the interim position. Furthermore, since the year-end, UK sales are reported to be less than 10% down against
Companies: Dillistone Group Plc (DSG:LON)James Halstead plc (JHD:LON)
Dillistone has released a reassuring update this morning detailing the signing of a £1.5m loan through the Government's Business Interruption Loan (“BIL”) scheme and, by way of a trading update.
The BIL loan will be used for working capital purposes, including development of existing and new products, ahead of launch in 2021. The loan is repayable over six years at an interest rate of 3.99% over base. Interest is waived in the first twelve months and monthly repayments commence in July 2021
Walker Greenbank is a higher-end interior furnishings business with well-established global brand names and manufacturing facilities in the UK. This morning, the group has provided a further update on the business in relation to COVID-19 following its previous announcement on 25 March. In addition, and in line with recent FCA/FRC guidance, full year results to 31 January 2020 have been rescheduled to 30 June (previously expected 23 April).
With cash ahead of expectation in a year of transfo
Trading Update – 2019 in line, however 2020 profit estimates reduced
Dillistone is a supplier of software for the international recruitment industry. The company's trading update confirms that it expects to report an adjusted pre-tax loss ‘broadly in line' with our previously revised (September 2019) estimates - a £0.30m loss for FY2019E. Following on from the successfully executed operational restructuring and streamlining in 2019, a review was made of the company product strategy. As a resul
Dillistone Group Trading Update – 2019 in line, however 2020 profit estimates reduced
Companies: Dillistone Group Plc (DSG:LON)Touchstar plc (TST:LON)
Dillistone Group - Interim results – restructuring on plan, macro headwinds | Malvern International - H1 inline; healthy booked revenues underpin H2; IFRS16 adjustments
Companies: Dillistone Group Plc (DSG:LON)Malvern International plc (MLVN:LON)
Research Tree provides access to ongoing research coverage, media content and regulatory news on Dillistone Group Plc.
We currently have 37 research reports from 3
Companies: Bango plc
JOHN MENZIES+ (MNZS, BUY at 315p) – Note Publication: Evolutionary trends…
MARKS & SPENCER+ (MKS, HOUSE STOCK at 253p) Q3 TS – FY22 guidance firmed up, c5% underlying upgrade
NORTHBRIDGE INDUSTRIAL SERVICES+ (NBI, House Stock at 174p) - Further progress in Tasman disposal
BUNZL^ (BNZL, BUY at 2723p) – Note published: Solid strategic outlook
TESCO^ (TSCO, BUY at 292p) Q3 & Christmas TS – a beat to expectations and so further FY22 upgrades (c5%)
HILTON FOOD G
Companies: IDEA BRK ASC PFG MAB HFG TSCO BNZL NBI MKS MNZS
We believe the narrative for the UK equity market remains very good. Some inflation appears embedded in markets and economic growth seems robust. We saw investors show caution into the end of 2021 and so have cash to deploy in our view. This has been corroborated by investor feedback we’ve had already this year. The UK equity market is materially cheaper than global equities on a relative basis so asset allocators have to be looking at UK equities while UK 2022 GDP growth is likely the best of t
Companies: AFM ANX AXL CYAN GLAN MODE OBI MATD SEN SOM WSG
Monthly Gaming Wrap-up: December Round-Up
Companies: Keywords Studios plc (KWS:LON)Team17 Group PLC (TM17:LON)
Genflow Biosciences, a UK-based biotechnology company focused on longevity and the development of therapies to counteract the effects of aging and diseases associated with advanced age intends to float on the Main Market (Standard). The Company will become the first longevity biotechnology firm to list in Europe. Genflow has raised £3.7m in an oversubscribed placing, conditional upon admission becoming effective. The flotation will value Genflow at approximately £23.4m.
SuperSeed Capital Limited
Companies: RQIH ABDP ACRL HAYD IQG
As expected, the industry-wide supply chain challenges and inflationary pressure have weighed on Asos’ activity. However, the group has maintained its FY 22 guidance despite ongoing market headwinds. Also, Asos has announced its intention to move to the main market of LSE.
The confirmation of FY guidance and move to the main market of LSE shows the management’s strong confidence and enhances the strategic visibility after the departure of the CEO and change of chair.
Companies: ASOS plc
Highlights of FY21 are 28% organic revenue growth at Clareti, group EBITDA 8% ahead of our forecasts and net cash nearly £4m ahead of our expectations on “very strong” cash collections and lower than expected acquisition costs. Our unchanged FY22 forecasts are well underpinned by 88% contracted revenues. We forecast ARR will grow a further 17% organic in FY22, which is one of the fastest growth rates in our universe. We introduce a Buy recommendation and 220p price target.
Companies: Gresham Technologies plc
What’s cooking in the IPO kitchen?
Genflow Biosciences, a UK-based biotechnology company focused on longevity and the development of therapies to counteract the effects of aging and diseases associated with advanced age intends to float on the Main Market (Standard). The Company will become the first longevity biotechnology firm to list in Europe. Genflow has raised £3.7m in an oversubscribed placing, conditional upon admission becoming effective. The flotation will value Genflow at approximatel
Companies: ZOO AFN ASC CPP FIF PIP
While we were away
Mac Alpha Limited (MACA.L) joined the Main Market. (24/12/21)
Atome Energy PLC (ATOM.L) joined AIM. (30/12/21)
What’s cooking in the IPO kitchen?
Graft Polymer a business focused on the development of polymer modification and drug delivery systems is to join the Main Market (Standard). Graft Polymer has developed a proprietary set of polymer modification technologies, which can improve existing products and processing methodologies by enhancing per
Companies: VLX VRCI LBE RENX SOM TAST DDDD CMH IQG SRC
No Joiners Today.
Ridgecrest (Formerly Nakama Group) has left AIM.
What’s cooking in the IPO kitchen?
Carbon Air, a nano-technology company which leverages the adsorption properties of activated carbon and other advanced materials to improve suspension systems, enhance acoustics or reduce noise, to join AIM. The Company's proprietary technology has allowed it to develop a unique portfolio of solutions for a variety of sizeable end markets, including vehicle suspension systems,
Companies: SYS1 AML AML CWR ESNT GML JDG RENX RRR AIR
Following a +24% upgrade to FY21 EBITDA at its 16 December trading update, Audioboom has announced an even stronger end to FY21, and we upgrade our FY21 revenue by +2% to $60.2m, adjusted EBITDA by +19% to $3.0m, adjusted EPS by +22% to $0.16, and net cash by +40% to $3.0m. The upgrades have been driven by Audioboom capitalising on strong advertiser demand for its premium podcast content, strong growth in podcast audiences, and the highly successful launch of its SHOWCASE platform in Q4. For its
Companies: Audioboom Group PLC
Interims confirm unchanged forecasts after a busy end of 2021 that concluded with a flurry of acquisitions, a capital markets day, and a £104m placing. Six acquisitions in the current financial year (to April) complement 13% annualised organic ARR growth, lifting proforma ARR (including post period end acquisitions) to £86.3m (1H21: £54.8m; FY21: £64.1m). Adj EBITDA of £13.2m maintained an EBITDA margin of 34.1% vs 34.5% in 1H21, compounding the benefit of headline revenue growth of 33% to £38.
Companies: Ideagen PLC
Companies: TruFin Plc
Companies: Mirriad Advertising plc
Where next for markets in 2022? In our view, if COVID is not on the way out, we are just going to have to live with it now and it will have less and less impact on economic forecasts going forward. Instead, the bigger issues for investors to deal with in 2022 are cost inflation and staff shortages for business (which are already hitting earnings momentum), energy cost inflation and higher taxes hitting the consumer wallet, and markets that start from very elevated valuation multiples compared wi
Companies: GML HAT IOG LOK MTC QTX SOM SCE SNG TRCS TRMR