Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on Haydale Graphene Industries. We currently have 14 research reports from 5 professional analysts.
appScatter Group—Sch1 from the B2BSaaS platform that allows its paying users to distribute their apps to, and manage their apps on, multiple app stores. Following admission, appScatter intends to launch the public version of the platform, at which point the platform will be available to all app developers and publishers worldwide. Raising £9m at 65p. Mkt Cap £41.1m. Due 5 Sep. | Warehouse REIT - The Company will invest in a diversified portfolio of UK warehouse assets located in urban areas. The Company is targeting a dividend yield of 5.5p equivalent to a yield of 5.5 percent. for the year ending 31 March 2019. Issue price 100p. Raising up to £150m. | Destiny Pharma—A clinical stage biotechnology company - lead asset (XF-73) targets antibiotic-resistant bacterial infections in hospitals. Offer TBA. Due early September. | OnTheMarket—Intention to float on AIM to raise c. £50m which will be used to fund the growth of the OnTheMarket.com portal, already the third biggest UK residential property portal provider. Expected valuation £200m to £250m. | Hipgnosis Songs Fund investment Company offering pure-play exposure to Songs and associated musical intellectual property rights. Offer raising £200m at 100p. The Company has decided to extend the closing date for the Placing, Offer for Subscription and Intermediaries Offer to 1 August 2017. The Company may bring forward this closing date at any time. Admission 15 September 2017
Companies: HAIK TECH HAYD FKE RFX EMAN TLY ITM ELA
Warehouse REIT - The Company will invest in a diversified portfolio of UK warehouse assets located in urban areas. The Company is targeting a dividend yield of 5.5p equivalent to a yield of 5.5 per cent. for the year ending 31 March 2019. Issue price 100p. Raising up to £150m. | Destiny Pharma—A clinical stage biotechnology company - lead asset (XF-73) targets antibiotic-resistant bacterial infections in hospitals. Offer TBA. Due early September. | Avingtrans (AVG.L) Sch1 on its Reverse Takeover of Hayward Tyler (HAYT). Combined market cap of c.£75m. Expected 01 September 2017 | OnTheMarket—Intention to float on AIM to raise c. £50m which will be used to fund the growth of the OnTheMarket.com portal, already the third biggest UK residential property portal provider. Expected valuation £200m to £250m. | Hipgnosis Songs Fund investment Company offering pure-play exposure to Songs and associated musical intellectual property rights. Offer raising £200m at 100p. The Company has decided to extend the closing date for the Placing, Offer for Subscription and Intermediaries Offer to 1 August 2017. The Company may bring forward this closing date at any time. Admission 15 September 2017
Companies: SAR OPTI BOS EMR FLTA OTC HAYD BMN ROSE
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The nanomaterials market is transitioning from a concept technology to commercial applications. Haydale (HAYD.LON) specialises in the integration of nanomaterials into commercial and industrial technologies. We argue that this is a good position to occupy within the value chain – exposed to end market growth but not exposed (negatively) to the likely future price compression in raw graphene or other nanomaterials. Major applications for Haydale (HAYD.LON) include composite materials, specialty inks and coatings, and additive manufacturing (3D printing). The nanomaterials are graphene and silicon carbide, and potential others in future. We argue that these applications have now reached a tipping point from research to commercial reality (see pie charts p2).
Companies: Haydale Graphene Industries
Whether we know it or not, advanced materials are a core component in the everyday life of the everyday person. They are the key material in items we often disregard, such as printer inks and lotions, to objects which defy the laws of gravity like the Airbus A380 and London’s Shard. Furthermore, these materials are not only essential to many objects and structures, but, due to their superior qualities, are the key to the advancement of many industries. One such example is the use of carbon fibre which offers five to ten times more rigidness, stiffness, and strength than its aluminium counterpart. As a result of these impressive qualities, motorsport and athletics have improved ten-fold since their mainstream use and new records are broken every year.
Companies: AGM AUTG BIOM BOY CAR EKT EMH EXO GRPH HDD HAYD IKA ITX CRPR MGAM NANO OXIG PLA SCE SYM VCT ZEN
Quiz—Sch 1 from the omni-channel and international own brand in the women's value fast fashion sector. Offer TBA. Expected late July. Last year Quiz posted sales of £87.4m while pre-tax profits grew by 17pc to £5.7m | Arena Events Group -provider of temporary physical structures, seating, ice rinks, furniture and interiors. Raising £60m. Mkt cap £63m. Expected on the Chef’s birthday. 25th July. | Altus Strategies—African focused natural resource Company. Offer TBC. Expected Mid July. | Harvey Nash Group— Provider of professional recruitment and offshore solutions moving to AIM from Main. No capital to be raised. Mkt Cap c. £57.8m. | AnimalCare—RTO of Ecuphar NV, a European animal health company. £30m raise. Ecuphar FY16 rev £68.4m, underlying EBITDA £8.9m. Due 13 July. | NEXUS Infrastructure—£35m vendor sale. Mkt cap £70.5m. Provider of essential infrastructure services to the UK housebuilding and commercial sectors. Expected 11 July. FYSep16 rev £135.7m. | Greencoat Renewables - Schedule 1. Targeting a portfolio of operating renewable electricity generation assets, initially investing in wind generation assets in Ireland. Offer TBC. Due Mid July. | I3 Energy –Schedule 1 Update. Independent oil and gas company with assets and operations in the UK. Offer TBC, Mid July admission. | Verditek— Sch 1 update. The Company's subsidiaries will be involved in advanced solar photovoltaic, filtration and absorption technologies specialising in providing environmental services. Issue price 10p. Admission late June | Rockpool Acquisitions—Northern Ireland based Company seeking strong NI acquisition with an international outlook. Raising £1.5m at 10p. Due 5 July. | Hipgnosis Songs Fund investment company offering pure-play exposure to Songs and associated musical intellectual property rights. Prospectus yet to be published. | Impact Investment Trust—Exposure to a diversified portfolio of funds providing SMEs across developing economies with the growth capital they need to have a positive impact on the lives of the world's poorer populations. Raising up to $150m at $1.00 | Residential Secure Income - social housing REIT raising up to £300m Admission due c.12 July. | Curzon Energy—Report on Proactive Investors of intended LSE float this year with acquisition of coal bed methane assets in Oregon. Looking to raise £3m plus. | NLB Group—financial and banking institution based in Slovenia, with a network of 356 branches. Seeking Ljubliana Stock Exchange listing with GDRs on the LSE. Expected mid June. | Kuwait Energy— has not been able to complete its initial public offering as announced in its Intention To Float of 3 May 2017. However, in light of positive feedback from potential investors, the Company remains committed to obtaining a London listing and continues to explore its options. | Supermarket Income REIT– Up to £200m raise to acquire a diversified portfolio of supermarket real estate assets in the UK, providing long-term RPI-linked income. Due 21 July.
Companies: EOG MERC EHP DTG FLK AGQ HAYD PROX ADT OPP
I3 Energy –Schedule 1. Independent oil and gas company with assets and operations in the UK. Offer TBC, 26 May admission. Opera Investments –Reverse Takeover of Kibo Mining’s subsidiary Kibo Gold. Raising £1.5m. Expected mkt Cap £6.5m. 23 May. Eve Sleep— Schedule 1 from the e-commerce focused, direct to consumer European sleep brand. Offer details TBC. Expected Mid May Velocity Composites—Schedule 1. Manufactures advanced carbon fibre and ancillary material kits (predominantly carbon fibre) for use in the production of aircraft. Mid May admission expected. Offer details TBC. Verditek— Schedule 1 update. On Admission, the Company's subsidiaries will be involved in advanced solar photovoltaic, filtration and absorption technologies specialising in providing environmental services. Issue price 10p. Admission in May. AEW UK Long Lease REIT—Intention to Float. Up to £150m raise. Admission early June. UK specialist and alternative property Alfa Financial Software –Intention to float. Mission-critical software platform purpose-built for asset finance enterprises. Vendor sale of 25% plus. FYDec16 rev £73.3m (CAGR of 24% from 2012). Adjusted EBIT £32.8m. Kuwait Energy— $150m raise plus vendor offer. Admission due June. 2p reserves 810.0 mmboe ADES International— Provider of offshore and onshore oil and gas drilling and production services in the Middle East and Africa, seeking raise up to $170m plus vendor sale under a Standard Listing of the Main Market. Admission due May 2017. Global Ports Holding—Intention to float on Standard List of the Main Market. International cruise ports operator. Seeking $200m+ raise including $75m primary offer. Expected price range 735p to 875p. Mkt cap up to £539m. Tufton Oceanic Assets– Extended to 9 May on specialist funds segment of Main Market to enable further due diligence. PRS REIT—Private rental sector REIT raising up to £250m. Admission due 31 May
Companies: ASY NCCL RAD RENE CWR SAL WRES SCLP HAYD
ECSC (ECSC.L) | Van Elle Holdings (VANL.L) | Rose Petroleum (ROSE.L) | Randall & Quilter ( R Q I H . L ) | Haydale Graphene (HAYD.L) | Inland Homes (INL.L) | Octagonal (OCT.L) | Futura Medical (FUM.L) | IMC Exploration (NEX:IMCP) | Netalogue Technologies (NEX:NTLP)
Companies: ECSC VANL ROSE HAYD INL OCT FUM RQIH
Arix Bioscience — Intention to float on the main market from the global healthcare and life science company supporting medical innovation. Raised £52m in Feb 16 with investors including Woodford Investment Management Eco (Atlantic) Oil & Gas—Schedule One Update. Now expects admission ‘early February’. Ramsdens Holdings –Schedule One from the financial services provider and retailer, operating in the core business segments of foreign currency exchange, pawnbroking loans, precious metals buying and selling and retailing of second hand and new jewellery. Expected admission to AIM 15 Feb raising circa £15.6m. Expected mkt cap £26.5m.
Companies: HAYD MRL ZMNO SMS ADT EMH COR VOG ANP GRL
Elderstreet stake acquired 02 GENERAL NEWS Globalworth premium In this issue Venture capital firm Draper Esprit has taken a 30.8% stake in venture capital trust manager Elderstreet. Both investment managers focus on the technology sector and they will be able to co-invest. Elderstreet has investments in a number of AIM-quoted companies through its VCTs. The purchase was funded by an issue of Draper Esprit shares worth just over £250,000. Simon Cook, the chief executive of Draper Esprit, is a former partner at Elderstreet so he knows the business and the people who run it, although he did leave more than 14 years ago. Cook has previously acquired portfolios from 3i and Cazenove, two other firms where he has worked. Draper Esprit has an option to acquire the remaining shares in Elderstreet, which has more than £25m under management. Adding Elderstreet to the group enables Draper Esprit to offer investors a range of EIS funds, VCTs and an ISA qualifying listed evergreen patient capital fund. The enlarged group has venture capital assets under management of more than £350m. At the end of September 2016, Draper Esprit had a net asset value of 352p a share, which is similar to the current share price. The June 2016 flotation price was 300p a share. Draper Esprit is quoted on Ireland’s Enterprise Securities Market as well as AIM.
Companies: HAYD CHT ABDP TRCS SXX
Randall & Quilter Investment Holdings (RQIH.L) | Netscientific (NSCI.L) | Haydale Graphene Industries (HAYD.L) | MX Oil (MXO.L) | Cogenpower (CGP.L) | Fiske (FKE.L) | Obtala (OBT.L) | BMR Group (BMR.L) | Baron Oil (BOIL.L) | Solo Oil (SOLO.L)
Companies: RQIH NSCI HAYD CGP OBT BMR BOIL SOLO FKE MXO
ARRIA NLG PLC (NLG LN) | HAYDALE GRAPHENE INDUSTRIES (HAYD LN) | LOK'NSTORE GROUP PLC (LOK LN) | PROVIDENCE RESOURCES PLC (PRP ID) | SOUND ENERGY PLC (SOU LN) | TELIT COMMUNICATIONS PLC (TCM LN) | WYG PLC (WYG LN) | XLMEDIA PLC (XLM LN) | YOUGOV PLC (YOU LN)
Companies: SOU NLG PVR HAYD WYG TCM LOK XLM YOU
ARRIA NLG PLC (NLG LN) | HAYDALE GRAPHENE INDUSTRIES PLC (HAYD LN) | LOK'N STORE GROUP (LOK LN) | PROVIDENCE RESOURCES (PRP ID) | SOUND ENERGY PLC (SOU LN) | TELIT COMMUNICATIONS PLC (TCM LN) | YOUGOV (YOU LN)
Companies: SOU NLG PVR HAYD TCM LOK YOU
Research Tree provides access to ongoing research coverage, media content and regulatory news on Haydale Graphene Industries. We currently have 14 research reports from 5 professional analysts.
|11Sep17 07:00||RNS||Change of Adviser|
|01Sep17 07:00||RNS||New Sales Contract|
|09Aug17 07:00||RNS||Launch of Taiwan operations|
|19Jul17 07:00||RNS||Trading update|
|13Jul17 07:00||RNS||Appointment of Chairman|
|29Jun17 07:00||RNS||Grant of Options|
|20Jun17 07:00||RNS||Issue of Equity and Total Voting Rights|
Amino Technologies (AMO LN) German contract win | City of London Investment Group (CLIG LN) In line with Q4 update: earnings grow, small increase in dividend | Ergomed (ERGO LN) Strong H1 growth; PeproStat™ Phase IIb data expected in October | Itaconix (ITX LN) A period of meaningful commercial progress | Retail Recovering sector indicators for 2018 likely to trigger outperformance
Companies: CLIG FDL HFD BWNG AMO ERGO ITX
AFC Energy (AFC.L) | Touchstone Innovations (IVO.L) | 4D Pharma (DDDD.L) | FairFX (FFX.L) | Versarien (VRS.L) | Abzena (ABZA.L) | MetalNRG (NEX:MNRG) | Valiant Investments ( N E X : V A L P ) | Vernalis (VER.L) | Satellite Solutions (SAT.L)
Companies: AFC IVO DDDD FFX VRS ABZA VER SAT
Itaconix’ interims highlight the meaningful commercial progress that has been made this year. The highlight to date, in our view, was the recent application agreement with AkzoNobel to evaluate and develop new chelates. We see this as a likely driver of revenue growth next year. Whilst some milestones have taken longer than anticipated, recent announcements suggest these are timing issues and significant medium term growth potential remains.
Treatt has delivered yet another strong set of results. The business continues to perform very well and the constant stream of upgrades demonstrates the strength of momentum as the company moves further up the value chain. The pipeline is looking increasingly strong and recent growth means capacity expansion costing $11-14m is required at Treatt USA and is independent of the UK site relocation. We upgrade our FY18 and FY19 earnings estimates by c 2% and c 4%, respectively.
Andes Energia PLC—Sch1 on admission the Company will change its name to Phoenix Global Resources plc will be an Argentinian independent oil & gas exploration and production company, offer TBC but market cap to be £844m and admission date 10 August 2017 | Verditek PLC—Sch1 update from holding company in the clean technology sector with subsidiaries operating within what it considers are emergent and fast growing sectors (industrial treatment of solids, air purification, water de-odourisation, zero emission, low cost energy), offer raising £2.75m at 9p with market cap of £16.9m. Admission 10 August 2017 | Strix Group PLC—Sch1 from the Company involved with the design, manufacture and supply of kettle safety controls and other components and devices involving water heating and temperature control, steam management and water filtration. Offer raising £190m at 100p with market cap of £190m admission date 8 August 2017 | Xpediator Plc—Sch 1 from the holding Company for an integrated freight management business operating in the supply chain logistics and fulfilment sector across the UK and Europe with a strong presence in Central and Eastern Europe. Offer details TBC, expected Admission early August 2017. | GetBusy PLC—Sch1 from the holding Company of its subsidiary undertakings, which operates as a document management software business, headquartered in Cambridge, UK and operating across the UK, USA, Australia and New Zealand. Capital to be raised via a rights issues of up to £3m at 28.3p with anticipated market cap of £13.7m, Admission 4 August. | Altus Strategies—African focused natural resource Company. Offer TBC. Expected early August.
Companies: MAYA MTEC SRES SECG APGN BOD MPAY EBQ BYOT OCL
Scapa has announced that it has acquired Markel Industries for a total purchase price of $10m, which will be funded from existing cash reserves and bank facilities.
Companies: Scapa Group
One of Carclo’s many attractions is its broad spread of activities, spanning multiple geographies, technologies and vertical markets. When one division stumbles another picks up the baton. And so it has proved today, with the group saying this morning that it is “on track” to hit FY18 numbers, despite experiencing some H1 “challenges” in Technical Plastics (Re: program delays and operational difficulties) on top of temporary weakness in Aerospace demand.
We don’t! Having had a deeper look into the announced merger of Clariant and Huntsman, which had been announced under the theme ‘Merger of Equals’, we are still struggling with the strategic rationale. As a result of the merger, the combined entity, Huntsman-Clariant will become No.2 in the speciality chemicals’ world, behind Evonik (not covered by AlphaValue) and closely followed by Covestro/Bayer.
Solvay announced the divestment of Functional Polymers’ last fully-owned and operated business, Polyamide, for an enterprise value of €1.6bn. The closing of the deal is expected in Q3 18 after the approval of the anti-trust authorities. Management updated FY guidance, now expecting underlying EBITDA to grow 6-8% (previously: high single-digit) and FCF from discontinued operations is seen to be above €800m.
The news has reported that Wacker’s US$2.5bn US investment, the polysilicon site at Charleston, Tennessee, has been down since 30 August, which stands for 25-30% of Wacker’s polysilicon capacity. A second explosion happened on 7 September. Wacker Chemie has released a short press release.
Companies: Wacker Chemie
Itaconix has signed an application agreement with AkzoNobel’s Specialty Chemicals business to evaluate and develop innovative bio-based chelates for use in the consumer and industrial detergents and cleaners markets. This follows the first application agreement with AkzoNobel (for coatings and construction applications) announced in July. AkzoNobel is a world leader in chelates and this has long been one of the main areas of focus for Itaconix’ technology, given its sustainable credentials and the opportunity to displace chemicals (such as phosphates) which are being phased out due to environmental concerns. We see potential for initial sales from this agreement during 2018, following an evaluation period, and expect chelates to be one of the main drivers of Itaconix’ revenue growth over coming years.
Victrex has announced a material reduction in its effective tax rate as a result of the Patent Box legislation. New guidance is for a tax rate of 12% (from 20% to 21% previously). This implies a consensus EPS upgrade of c.8%+ and a cash benefit will also be felt from 2018. Alongside this announcement, it has been confirmed that new CEO Jakob Sigurdsson has joined as CEO-designate, effective 1st September. Jakob will join the Board on 1st September. Dave Hummel will remain on the Board until the AGM in February and will retire from the company on 31st March 2018. The Board remains comfortable with current trading expectations. One implication of the new tax guidance, we believe, is an increased likelihood of a special dividend in 2018, as well as 2017, where a special is already highly likely and included in our forecasts. We increase our TP by 7.5% to 2150p and remain at HOLD, but supportive of this high quality business.
ATTRAQT Group (ATQT LN) Integration progress; potential for significant cost savings | Bodycote (BOY LN) Good trading, in line with management expectations | Brewin Dolphin Holdings (BRW LN) Positive interims showing Q2 FuM growth and margin accretion | Grafenia (GRA LN) Net cash clarification | Listed Law Conference More listed legal services companies expected | Raven Russia Ltd (RUS LN) Raising funds for further opportunities | Synairgen (SNG LN)Full year results; LOXL2 inhibitor due to commence Phase I in H2 2017 | Zotefoams (ZTF LN) Positive start to the year
Companies: RUS BOY BRW MUR GRA SNG ATQT BUR DRV GTLY ZTF
We have refreshed our momentum screen for a second time, the previous refresh having been in January. As before, the screen selects the 25 stocks exhibiting the strongest momentum, according to our measurement method. From these we selected 9 to focus on. Since the last refresh the screen has significantly outperformed both the main small-cap and micro-cap indices against a background of strong and stable momentum generally. We also present here a wider study of accelerating and decelerating momentum stocks, because of interesting behaviour noticed previously. The interim conclusion is that these two characteristics are a significant differentiator of performance. We show on pages 7 and 8 the current most accelerative and decelerative stocks.
Companies: SDM EYE SOG MAB1 GFIN FARN LRM W7L TET
Over the last 6 months Hardide plc has been benefitting from an improving outlook in its largest key market (Oil & Gas), receipt of Airbus supplier approval and NADCAP accreditation, patent approval for its ground-breaking coating technology for diamond applications and order momentum within its precision engineering segment. Its revenue prospects look to have reached an inflection point resulting from this positive traction.