11 May 17
Small Cap Breakfast
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
22 Mar 17
Small Cap Lunch
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
03 Feb 17
Small Cap Breakfast
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
08 Dec 16
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
23 Sep 16
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
08 Aug 16
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 PRP HAYD WYG TCM LOK XLM YOU
08 Aug 16
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 PRP HAYD TCM LOK YOU
08 Apr 16
SP Angel Morning Report
Coal of Africa | Base Resources | Galaxy Resources | Haydale Graphene Industries plc | Metal Tiger
Companies: CZA BSE GXY HAYD MTR
03 Nov 15
Strengthening the offer
Haydale has announced a successful placing and launched an open offer to raise £5.6m net through the issue of 3.75m shares at 160p. Combined with a number of positive developments since the IPO in April 2014, and following solid FY15 results, the company appears well-positioned to continue its progress. Focus on graphene-enhanced inks and composites end-markets appears to us to bring closer commercial success.
Companies: Haydale Graphene Industries
Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on Haydale Graphene Industries. We currently have 9 research reports from 4 professional analysts.
|24May17 11:30||RNS||PDMR Dealing|
|15May17 07:00||RNS||Acquisition of HTI Minority Interest|
|09May17 07:00||RNS||Issue of Equity and Total Voting Rights|
|28Apr17 07:00||RNS||Issue of Shares|
|25Apr17 07:00||RNS||PDMR Dealing|
|19Apr17 07:00||RNS||PDMR Dealing|
|10Apr17 07:00||RNS||Issue of Equity and Total Voting Rights|
Frequency of research reports
Research reports on
Haydale Graphene Industries
Haydale Graphene Industries
17 May 17
N+1 Singer - Morning Song 17-05-2017
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
25 May 17
N+1 Singer - Small-cap quantitative research - Momentum screen refresh + 9 focus stocks
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
23 May 17
N+1 Singer - Morning Song 23-05-2017
accesso Technology (ACSO LN) Strong start to FY 2017 | Avon Rubber (AVON LN) Contract award helps underpin forecasts for FY18 | eg solutions (EGS LN) Clear visibility of full year targets | Entertainment One Ltd (ETO LN) EPS and DPS in-line, Debt rises in line with last update | Scapa Group (SCPA LN) Forecast upgrades; momentum strong | UDG Healthcare (UDG LN) Strong interims, FY guidance raised 2% | 1Spatial (SPA LN) Onwards and upwards | Driver Group (DRV LN) Turnaround on track |
Companies: ETO AVON SCPA UDG SPA DRV EGS
18 May 17
N+1 Singer - Morning Song 18-05-2017
Churchill China (CHH LN) Positive AGM update | Cineworld Group (CINE LN) Cracking trading update and upgrades, but largely priced in | First Derivatives (FDP LN) Making fast work of existing and new markets | IDOX (IDOX LN) Positive outlook; trading on track | IndigoVision Group (IND LN) Trading in line | Itaconix (ITX LN) Streamlining to prioritise product commercialisation | Marston’s (MARS LN) In line interims and a very usefully accretive deal | Safestyle UK (SFE LN) Weaker trading leads to 5% downgrades | Speedy Hire (SDY LN) Focused on restoring profitability | Wilmington (WIL LN) Trading update
Companies: SDY WIL IDOX MARS CHH IND CINE SFE ITX FDP
18 May 17
Small Cap Breakfast
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. | 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 late 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. | 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: STL HAL STAF CHH RENE DHG SFE FDBK EKT
23 May 17
Finals – Strong growth and a further upgrade
Finals reflect significant margin improvements within the Industrial division, the contribution from EuroMed, which was acquired in May 2016, and strong FX translation tailwinds due to weakness in sterling. Revenues increased 13.3% to £279.6m, (+1.7% constant FX) and with the trading margin improving from 8.6% to 10.4%, trading profits grew 37.1% to £29.2m (+18.2% constant FX). Adjusted PBT (excluding pension costs and exceptionals) was up 35.9% to £28.0m and, with a lower tax rate due to profits mix, adjusted EPS grew 39.6% to 14.8p. The dividend has been increased by 14.3% to 2.0p.
23 May 17
N+1 Singer - Scapa Group - Forecast upgrades; momentum strong
As indicated in April, the Group continued to trade strongly in H2 and FY17 trading profit was 5% ahead of our forecast. We have also increased our FY18 forecasts by c.8% as the momentum continues. The efficiency driven margin improvement in Industrials is ongoing as Rorschach closes, (mid teens margin target now set) whilst Healthcare has also driven margin improvement and has visibility of £200m from long term commercial agreements. We acknowledge the rising share price, but with momentum likely to continue, debt low (therefore M&A likely) and ongoing upside potential in the numbers, we have increased our target price to 467p (c.18x EBITDA) and remain at Buy.
28 Apr 17
N+1 Singer - Morning Song 28-04-2017
Bagir Group (BAGR LN) NED appointment and acquisition update | T3 Trend spotting Strategy update
Companies: AUG GNS IQE NTG SDL SPH SDY TRI VEC XAR GHT BOY CRW EMIS VCT ECK GLE GHH DATA AVON CHH DPH HILS SDM ZYT MUR RPS LWB EKF SUN UDG SYNT CINE DOTD MPM BAGR FUM CLIN RENE ATQT MYSL SERV ERGO BCA BUR DRV SCS JUP FDP GBG GTLY HW/ EAH SFR PHD CXENSE KNOS NETD G4M GFIN FUTR ULS RHL RAT FEN LOOP
09 May 17
A brilliant half
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.
16 May 17
Hardide* (HDD): Interim results, oil recovery and aerospace approvals bode well (CORP) | Premaitha Health* (NIPT): Trading update (CORP) | Akers Biosciences* (AKR): Q1 results (CORP) | Water Intelligence* (WATR): Growth strategy on track in a large, defensive market (CORP) | Frontier Developments* (FDEV): Elite Dangerous coming to PS4 (CORP) | K3 Business Technology* (KBT): Trading update (CORP)
Companies: HDD NIPT AKER WATR FDEV KBT
17 May 17
MagForce is moving forward with its strategy to drive uptake and acceptance (in the US and Europe) of its NanoTherm nanoparticle-based therapy for cancer. In Germany, Magforce has six centres commercially capable (three utilised, c50 patients to date) of treating glioblastoma (GBM) patients. To accelerate uptake of NanoTherm treatment in Europe, we expect Magforce to look to expand from Germany into other countries over six to 18 months. In the US, its subsidiary Magforce USA is in talks with the FDA to initiate a planned clinical trial in prostate cancer patients (potential launch in 2018). Data is expected in 2018 (potential launch soon after).
Companies: MAGFORCE AG
19 Jan 16
SP Angel Morning Report
Highfield Resources | Goldcrest Resources | Rio Tinto | Vedanta Resources | Shanta Gold
Companies: HFR RIO VED SHG
22 May 17
In seventh heaven?
Clariant announced a merger of equals with US-based and listed chemicals company Huntsman. The combined company, HuntsmanClariant, will generate sales of USD13.2bn, adjusted EBITDA of USD2.3bn and a combined EV of c.USD20bn, on a pro forma basis. Closing of the merger is expected by the end of 2017.
Companies: CLARIANT AG-REG
28 Apr 17
Plastics Capital - Trading Update – Some Encouraging Signs
Plastics Capital has published a trading update for the financial year ended March 2017, ahead of full results expected at the start of July. We believe the statement confirms that company will report solid earnings growth y/o/y and strong progress in the overall business plan.
Companies: Plastics Capital
18 May 17
N+1 Singer - Itaconix - Streamlining to prioritise product commercialisation
Itaconix has made good progress in recent months in securing high profile global partnerships with Croda and Akzo Nobel, having proven the benefits of its technology platform. Its focus is now very much on application development, formulating products for end customers and ultimately driving sales. Its chosen markets of personal care and homecare are areas with high margin potential, where customer relationships are sticky and formulations can endure through multi-year product lifecycles. As a result of this changing focus, significant operational changes have been announced this morning, which will result in the re-sizing of the R&D team. This will give rise to significant cost and cash flow savings (£1m per annum from FY18), strengthening Itaconix’ financial position, whilst enhancing its commercial focus. In our view this is self-evidently a positive change for the future development of the Group and we look forward to further commercial progress in coming periods.