Companies: ARB TIDE EVG GML IOM SDI SOLI SOM
Companies: Argo Blockchain Plc (ARB:LON)DX (Group) Plc (DX:LON)
Companies: Argo Blockchain Plc (ARB:LON)President Energy PLC (PPC:LON)
Argo has reported strong Q3 21 results, with revenue of £19.3m and adjusted EBITDA of £13.9m (excluding digital asset and FX gains/losses) from mining 597 BTC. Following BTC/USD increasing to over $60k, and greater clarity on the impacts of the Chinese Government and many Chinese provinces effectively banning Bitcoin mining from May, we upgrade our FY21 and FY22 revenue by +9% and +33%. As we explain in more depth on p3, the upgrade reflects the combination of a conservative +25% increase in the
Companies: Argo Blockchain Plc
Companies: ARB FEN GML STX SCE
Companies: AGL ARB LOK MPE ORPH
Argo has reported strong H1 21 results, with revenue of £31.1m and adjusted EBITDA of £23.7m (excluding digital asset and FX gains/losses) from mining 883 BTC. In H2, we expect that Argo will continue to benefit from the impacts of the Chinese government and many Chinese provinces effectively banning Bitcoin mining from May, and we upgrade our FY21 and FY22 BTC mined by +9% to 2,111 and 2,922 respectively. Combined with unchanged expectations for machine deliveries and an unchanged BTC price of
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Companies: D4t4 Solutions plc (D4T4:LON)Argo Blockchain Plc (ARB:LON)
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Friday's market sell off saw some violent downward moves in many stocks with little initial differentiation between sectors or the key drivers of businesses, creating significant share price drops in a number of higher quality or uncorrelated names. We take a look at some stocks we believe have either seen an unwarranted sell-off, have seen weakness go under the radar or where there is now a more attractive opportunity.
Companies: ANX IBPO CYAN SOM EQT AFM
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What’s cooking in the IPO kitchen?
Trinistar Liverpool S.a r.L announces its potential listing of a newly formed single asset company which will own the Capital Building in Liverpool on the IPSX. Upon admission the Company would become a real estate investment trust (REIT). The Capital Building occupies close to a 3.5 acre freehold site in the centre of Liverpool’s business district; the building comprises c425,000 square feet of predominantly of
Companies: ADBE ADBE SYM ARC AVCT CMCL CLIN DCTA FRAN OSI
Companies: Gaming Realms PLC
Tern plc* (TERN.L, 14.35p/£50.5m) Portfolio update: Strategic investment for Device Authority from global player (02.12.21) | Mirada plc* (MIRA.L, 74p/£6.6m) Interims: Return to growth; expansion of sales pipeline (02.12.21) | Blackbird plc* (BIRD.L, 28.75p/£96.9m) Update: Additional US TV stations secured (03.12.21) | Mobile Tornado plc* (MBT.L, 1.875p/£7.1m) Update: Notice from customer (01.12.21)
Companies: TERN MIRA BIRD MBT
Following inline H1 results, we view this morning's update on the Major Programme which has been in PEN's sights for a lengthy period as welcome in bringing greater clarity to this long-running situation. While this morning's update, though disappointing in confirming that PEN's opportunity within the overall Major Programme is less substantial than at one time seemed possible, is nonetheless positive in our view in (1) allowing the company to move its software-led strategy forward more aggressi
Companies: Pennant International Group plc
This has been a notable half for D4t4; its markets continue to recover from the pandemic, leading to a fine trading performance marked by a raft of new contract wins; management has been refreshed, with an experienced and dynamic new team taking the helm; the geographic expansion into the US and APAC continues; a stream of software updates will maintain Celebrus market leadership; a small consultancy acquisition hints at a more direct market approach in future; and the launch of the exciting fra
Companies: D4t4 Solutions plc
TPXimpact has released a very strong set of interims that were well ahead of our forecasts, and which firmly underpin our FY estimates. Revenues leapt +77% to £37.5m (DCe £33.9m) with organic growth of +21% fortified by acquisitions. Gross margin was down -4pts to 31% though this reflected a change in business mix and a temporary increase in use of contractors rather than wage inflation and the group expects to rebuild gross margin going forwards aided by the centralised recruitment benefits fro
Companies: TPXimpact Holdings PLC
An in line H1 coupled with continued UK recovery since period end, improving activity levels in SecPay, increasing global opportunity and cost savings going forward give Eckoh “significant confidence” in achieving guided flat revenues and profits growth in FYMar22. Guidance for double digit revenues and profits remains for FY23 (no changes to our forecasts). While H1 continued to suffer from CV19-related drag it is encouraging that the UK business was back at pre-pandemic levels by September. In
Companies: Eckoh plc
GB Group (GBG) reported a strong performance in H122, with organic constant currency revenue growth of 12.6% y-o-y and an adjusted operating margin of 25.5%. The Acuant acquisition completed on 29 November and the group’s immediate focus is on combining the two companies and pushing forward with growth plans. Our forecasts are substantially unchanged.
Companies: GB Group PLC
First Property announced interim results that underline the opportunity to grow rental income and capital values over the next 12 months. With cash to invest on behalf of both the Group and its fund management clients, there is scope for earnings growth. With capital values generally rising after the lockdown induced lows, we expect NAV expansion
Companies: First Property Group plc
GENinCode's trading update details the progress the company has made since its IPO in July and lays out the key milestones investors should be watching for through 2022. Notably regulatory and commercial discussions are on-going in the US with the FDA and partner Eversana, respectively. In the UK commercial testing with Lipid inCode is expected to begin in the coming months which will be supported by an NHS research paper. Importantly, EU revenues (largely in Spain) have ‘increased in line with
Companies: GENinCode UK Ltd.
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
Companies: ATTRAQT Group PLC
Arcontech has announced that its trading performance is below current market expectations due to one customer reducing its market data spend with the company, and notification from another customer that it will not be renewing its contract from the start of H2 22. The two changes are unrelated and do not involve customers with Arcontech’s core MVCS server-side solution. They instead reflect one customer greatly scaling back its market data team and market data requirements, and a second choosing
Companies: Arcontech Group PLC
The Sky is the Limit
Companies: Mode Global Holdings Plc