Hybridan Small Cap Feast - 26 Mar 24

26th March 2024 @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 Daily Feast - 05 Mar 24

5th March 2024 @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 objecti

Allenby Capital - Blackbird plc - Finals

FY23 results (December) from Blackbird plc’(BIRD.L) were closely aligned with guidance given at September’s Interims, with an adjusted EBITDA loss of £2.3m (FY22: £1.8m) and revenue for the period, down 32% to £1.9m. As previously flagged, this fall is due to non-recurring items in FY22, and structural changes in the Media and Entertainment (M&E) industry. Despite these challenges, Blackbird has an excellent pedigree and reputation in the Sports and News video editing market, with its platform u

Hybridan Small Cap Feast - 29 Feb 24

29th February 2024 @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 obj

Allenby Capital TMT Update - 22.01.24 - BIRD.L, MWE.L, SEEN.L

Please find below our weekly update covering themes that we feel that are of interest to investors and participants in the small and mid-cap TMT sector as well as commentary on recent newsflow.

Allenby Capital TMT Update - 20.11.23 - MWE.L, BIRD.L, MBT.L

Please find below our weekly update covering themes that we feel that are of interest to investors and participants in the small and mid-cap TMT sector as well as commentary on recent newsflow.

Allenby Capital TMT Update - 25.09.23 - SPSY.L, BIRD.L, TRAK.L, ENET.L

Please find below our weekly update covering themes that we feel that are of interest to investors and participants in the small and mid-cap TMT sector as well as commentary on recent newsflow.

Allenby Capital - Blackbird plc - Update

Blackbird recently held two in-person Special Events for retail and professional investors. No new financial detail was given, but the events gave an insight into Blackbird’s new Creator SaaS video product, elevate.io. This note aims to summarise the additional market intelligence and product understanding gained from the event. Overall, it was an upbeat and reassuring presentation, reaffirming that Blackbird enjoys a strong position in an exciting and fast-evolving market. elevate.io will have

Hybridan Small Cap Feast - 11 Sep 23

11th September 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 ob

Blackbird plc - Interims

Blackbird plc (BIRD.L) has reported solid interim results, with revenue for the period at £985k, down 36% largely due the previously flagged non-recurring items in the corresponding period, comprising the EVS development fee and revenue from the global winter games. Good progress has been made on its strategic progression, with the continued roll-out by EVS of ‘Powered by Blackbird’ (PBB), expected to translate into revenue for Blackbird through its royalty deal structure. Major cyclical and str

Alphawave Semi: FY23 trading update, amended forward guidance

Alphawave Semi has reduced guidance for FY23 and prospectively citing lower revenues from China, changes in expected revenue recognition from long-term contracts, and continuing investment in R&D. The share price has reacted negatively, giving up most of the gains since the trading statement at the end of January. Current consensus, which is a good match for pre-existing guidance, should be reduced, most likely following release of the FY23 results and full 1Q24 trading update due on 23 April. H

Zeus Top Picks for 2024 - 2023 review and outlook for 2024

On 9 January last year, we set out our ten top stock picks for 2023, for what turned out to be another relatively poor twelve months for UK equities due to two wars, stubbornly high inflation and further tightening of monetary policy. This was even as other major markets, such as the US, largely recovered in the year. In the 2023 calendar year, the AIM All-Share index fell 8.2% and is still 42% off its 2021 high. From the release of our 2023 top picks note, the average total return (assuming div

Synectics + (SNX, House Stock at 185p) - Strong FY23A profit growth to continue

Maintel - Strong FY23 year-end TU continues trend of over-delivery

Maintel has reported a trading update for the year ending December 2023, indicating revenue in of at least £101m and adj EBITDA of “in excess of £9m”, compared with respective forecasts of £98m and £8.6m. Net debt of £18.1m also outperforms our expected year-end net debt of £18.6m. The group is continuing the trend established with the reintroduction of forecasts in April 2023, where growing confidence in delivery led to upgraded forecasts in both August and September, and still achieving outper