LIBERUM: Yü Group: Eight reasons why Yü is winning

LIBERUM: Yü Group: Share price fails to reflect the growth

SP Angel Spec Sits: (YUG) H1 2023: Revised EBITDA Target of £33m+

YUG announced its finacial results for H1 2023 with revised Adj. EBITDA expectations for the year of over £33m, from ~£19m currently.

LIBERUM: Yü Group: More upgrades - again

LIBERUM: Yü Group: More upgrades - again

SP Angel Spec Sits: (YUG) Trading Update - Forecasts Raised Again

YUG's Management and Board provided another trading update with respect to its half year results for the period ending 30 June 2023, which read through to higher full year results ending 30 Dec 2023 than current forecasts.

LIBERUM: Yü Group: The cup that keeps giving

SP Angel Spec Sits: (YUG) Trading Update - Increasing Forecasts Again

YUG's Management and Board provided a trading update with respect to its half year results for the period ending 30 June 2023.  Revenue, profitability, and cash flow generation have demonstrated continued strong growth for H1 2023 and are now expected to be ‘substantially' ahead of current market expectations for the full year 2023.

LIBERUM: Yü Group* - Yet more upgrades

Hybridan Small Cap Feast - 14 Mar 23

14 March 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 objectiv

SP Angel Spec Sits: (YUG) Stellar 2022 Results + New Dividend Policy

YUG announced its full year 2022 financial results, which exceeded recently revised market expectations.

LIBERUM: Yü Group* - Strong momentum and cash flow

SP Angel Spec Sits: YUG Follow-on Update - A Record-Breaking Year

YUG announced a post-year-end trading update ahead of already revised expectations. Given the Group's expected strong cash generation and growth prospects, the Board has declared its intent to pay a modest dividend this year.

LIBERUM: Yü Group* - Yet more upgrades

Supreme (SUP LN) - Initiation of coverage

FY24 Interim results: A record H1 performance delivered revenue growth of 62.5% to £105.1m (H1 FY23: £64.6m), with growth across all divisions: Batteries +1.4%, Lighting +21.8%, Sports Nutrition & Wellness +17.5%, Vaping +32.5% (ex- ElfBar) and Branded Distribution +798.9%, which includes revenue of £26.4m from the ElfBar distribution opportunity, commenced in June. Adj. EBITDA of £15.2m is +88.0% (H1 FY23: £8.1m) benefitting from higher sales, and operational efficiencies. Adj. PBT of £12.6m is

TClarke - £1.1bn order book and delivery protection measures

TClarke has confirmed it is on track to deliver its three-year growth-plan target of £500m of revenues in 2023E (up from £426m in 2022). It detailed a 99% increase in the order book to £1.1bn alongside a further £1bn in opportunities. Reflecting the current challenges in the construction sector, management has made a number of strategic decisions to preserve the business’s strong market and financial position. These include changing some supply-chain partners mid-contract to protect project comp

Brickability Group - A diversified and resilient model

Today’s interims are in line with the recent trading update (11th October) and as such we make no changes to forecasts. Revenue of £324.8m represents a LFL decline of 14%, with EBITDA of £25.6m (H123: £25.5m). This is a strong performance, against what is a challenging market backdrop and underlines the benefits of its diversified operating model and focused strategy. We therefore continue to be surprised at the weakness of the share price, especially in the context of a broader peer group. Putt

Morning Note – 29 November 2023

Morning Note – 28 November 2023

Supreme Plc+ (SUP, House Stock at 110p) - Exceptional H1 - 'significantly' raised FY24F guidance

Epwin (EPWN LN) - Confirmation of FY23 estimates and buyback announced

Epwin has released a brief trading update confirming that it is on track to meet FY23 estimates. It has also announced its intention to start a buyback, indicating the Board’s confidence in the business going into FY24, despite the volatile operating environment. Zeus leave profit estimates unchanged across the forecast period. This is a continuation of the performance over the last few years, the business has met or beaten consensus numbers since FY20, has not raised equity and managed its bala

Strong H1 results raise full year outlook

The H1 outcome was as indicated in the recent (18 October) Trading Update. Group guidance for the full year is now raised: from revenue of £195m - 205m to £210m - £220m (ED estimate was £204.2m); (adj.) EBITDA from £28m - £30m to £32m - £35m (ED estimate was £29.0m). From incremental EBITDA of c.£4.5m, c.£1.5m arises from core operations and c.£3.5m from the Elf distribution agreement, which supplies retailers including Tesco, Morrisons, One Stop and WHSmith. A series of initiatives – branding

PROGRESSIVE: Xaar: Market malaise drags into 2024

Xaar has released a trading update for 2023 that includes cautious commentary around 2024. The group is expecting a strong end to the year in terms of profitability, albeit with depressed revenue levels. Sales pressures are expected to continue in 2024 and, combined with downward pressure on prices and cost inflation, are likely to lead to a materially reduced level of profitability. We alter our estimates for both years to reflect the update. Although the group is clearly navigating tough marke

Epwin Group+ (EPWN, House Stock at 67p) - Trading update and share buyback

Making positive progress on all fronts

Morning Note – 30 November 2023

UK-Listed Energy Sector: Review of the UK oil and gas landscape – why the country needs it, current policy and tax

The front of this note takes a look at the UK oil and gas sector, why domestic production is advantageous, what the main political parties think, and what could happen going forward. The latter part contains a review of the companies in our coverage – some that are UK centric, which give exposure to the note’s wider theme, and others that are focused elsewhere.

Alenby Capital - Transense Technologies - Update

In its AGM trading update today, Transense Technologies plc announced 13% yoy revenue growth in the first four months of the year to June 2024 and a threefold increase in PBT. Although showing encouraging yoy growth, revenue in the period was somewhat below management expectations, however, an improving outlook suggests an acceleration of revenue growth for the remainder of the financial year. Consequently, the Board expects to meet full year market expectations. The cash position is also robust

James Cropper + (CRPR, House Stock at 725p) - Directorate changes