PANMURE LIBERUM: Virgin Wines UK: Beat to FY24 PBT and upgrades to outlook

LIBERUM: Virgin Wines UK: Profits rise materially

LIBERUM: Virgin Wines UK: Cash inflow and profits rise materially

LIBERUM: CEO Video: Jay Wright, Virgin Wines

LIBERUM: Virgin Wines UK: Several reasons to be optimistic for FY24

LIBERUM: UK Small & Mid Cap Dispatches: rockSHOT - The Mining Podcast, Strategy, Thoughts from the Old Continent, Futura, Tortilla*, Virgin Wines*, SMID Market Highlights

LIBERUM: Virgin Wines UK: FY23 delivered in line with expectations

LIBERUM: Virgin Wines UK* - Tough trading backdrop but initiatives are starting to deliver green shoots

LIBERUM: CEO Video: Jay Wright, Virgin Wines*

LIBERUM: Virgin Wines UK* - Onwards and upwards after a tough H1

LIBERUM: Virgin Wines UK* - Challenging H1 but improved outlook

LIBERUM: Virgin Wines UK* - A corker of a stock: A top pick for 2023

LIBERUM: Virgin Wines UK* - A mighty impressive set of results

Superfly

Morning Note – 7 October 2024

PROGRESSIVE: Beeks Financial Cloud Group - Head in the cloud, prospects in the stars

Finals sparkle, with an ‘in-line’/beat set of results (adj. EPS 6.4p vs our 5.1p estimate). Looking ahead, FY25 estimates are covered by recurring revenue, a strong pipeline and a new FY that is off to a flying start. To wit, ACMRR already ticked by £0.5m to £28.5m to 31 August – 74% of our FY25 revenue estimate. CEO Gordon McArthur telegraphs further progress: ‘Demand for our product is stronger than ever, fuelling a regular flow of new contract wins and extensions that offer long-term, recurri

Morning Note – 8 October 2024

Nanoco - Post strategic review – updated forecasts

Nanoco announced on 3 October 2024 that it had completed its strategic review following the earlier announcement (30 August) that its major European customer had ceased its development programme with Nanoco. The company has concluded that it will continue to focus on its other major customer, which is an Asian multinational supplying the electronics industry. Nanoco will also continue to pursue IP enforcement measures against third parties that are using the company’s technology, with potential

Rosslyn Data Technologies - Capital raise – Visible profitability inflection poi

Rosslyn Data Technologies has announced a fundraising for a minimum of £2.5m via a conditional placing to raise £1.3m (gross) at 5p, the issue of £1.2m new 2024 Convertible Loan Notes (CLNs) and up to a further £0.25m via a retail offer at 5p. The funding will be used to deliver its growth strategy, enable the continued development of the technology platform and provide general working capital. Rosslyn recently announced a major new client win with one of the world’s 10 largest technology compan

1Spatial - Federal-level win in the US

1Spatial’s momentum in the US has continued, with the company securing a $1.4m deal with the United States Forest Service (USFS). This is a new Federal government-level deal for the business, building on the momentum 1Spatial has been reporting at state level, where it now has contracts or framework agreements with 21 states (up from 18 at the FY24 year-end).

New store lease signed in Cardiff

Having recently announced its first 3 new store locations, Sosandar has today announced a 4th lease has been signed in Cardiff’s St David’s centre, the city’s leading destination with annual footfall of 14 million a year. With customer reception to its first 2 stores in Chelmsford and Marlow having already been reported as ‘nothing short of fantastic’, today’s news represents another positive step for the brand and is fully aligned to its strategy of opening in in top tier, thriving locations wh

NET growth

Telematics and fleet management: Microlise vs. Quartix Technologies

The UK AIM market has three quoted commercial vehicle tracking businesses: Microlise Group (SAAS), Quartix Technologies (QTX); and Trakm8 Holdings (TRAK). This note focusses on the larger two, Microlise and Quartix, initiating research coverage on each and comparing respective business models, strategy, growth opportunities and valuation. Whilst the businesses generally target different parts of the market, our conclusion is that Quartix offers better near-term value, cash returns and ROCE, whil

23% cloud ACV growth and inorganic acceleration

We were expecting FY25 to be somewhat of a fallow period (as profit was due to be supressed by investment) but fast forward 9 months (and three acquisitions), the outlook has transformed as we’re now looking for +21% sales growth and +15% EBITDA. Furthermore we see strong returns continuing into FY26, as per maiden estimates, showing +19% EBITDA growth. We highlight that such returns are not ‘instead of’ organic growth (which continues to be very strong, as per FY24 results) but rather ‘in addit

Allenby Capital TMT Update - 07.10.24 - SPSY.L, CHSS.L, ELEG.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.

Morning Note – 9 October 2024

Pinewood Technologies (PINE LN) - Full speed ahead

Pinewood Technologies’ H1 results, its first as a standalone SaaS business, show that the Group is putting the building blocks in place for its accelerated growth plan. New UK Lithia sites are being added, product and sales team investment is being made, and the discovery and planning stages of the US rollout are underway. Management is confident in meeting full year market expectations (£7.8m underlying PBT for the 11 month FY24 period), so our underlying P&L estimates are unchanged. We reiter

Feedback from Digital Transformation Conference

On 1st October, Dowgate Capital and FTI Consulting held their fourth annual Digital Transformation Conference