Event in Progress:
Research Tree provides access to ongoing research coverage, media content and regulatory news on QuoteMedia, Inc..
We currently have 6 research reports from 1
Coral Products has reported strong results for the year-end April 2023, with revenues in-line with our forecast and adjusted EBITDA ahead of our forecast. The company has made good progress on the integration of the four businesses acquired during the year and reports a “strong start” to the current financial year. We maintain a BUY rating.
Companies: Coral Products plc
Companies: CPH2 TIDE MRL BRCK JNEO
Companies: HZM BMN ATM CMCL THX EST GROC PRU
Braemar’s interim results indicate the strong trading of FY23 has continued during H1/24 and in-line with expectations, benefiting from the focus on shipbroking activities and the increased breadth, depth, and scale of shipbroking operations. Braemar’s investments (acquisition of Southport Marine) and new teams have delivered a 7.9% increase in revenue to £74.9m for H1/24. Whilst robust Tanker freight rates have continued despite geopolitical challenges and OPEC cuts, Dry Cargo freight rates fel
Companies: Braemar PLC
The market capitalization of 806 AIM stocks was £89.3bn as of 20 June 2023. FTSE AIM All Share Index was down 5.55% YTD to 785.2 as of 21 June 2023. There were 32 companies delisted from AIM over the period December 2022-June 2023. Among the top YTD winners, there were Celadon Pharmaceuticals (up 209%, MktCap £95m), Vast Resources (+211% YTD, Mkt Cap of £15m), B90 Holdings (+200%, MktCap £22mn), Verditek (154%, MktCap £6mn), Star Phoenix Group (+162%, MktCap $1.6mn), Inspecs Group (+162%, Mk
Companies: EBQ GMR KWS VLG
SDCL Energy Efficiency Income Trust (SEEIT) is an investment trust focused on delivering energy and energy efficiency as a decentralised service directly to end users rather than supplying into the broader power grid. Its income comes from a range of services and is driven by cutting losses in energy generation, transmission and use. It has delivered a total NAV return of 7.2% pa (3.5p in NAV terms) since IPO in December 2018 and its 6p/share dividend is 1.2x covered, representing an attractive
Companies: SDCL Energy Efficiency Income Trust Plc
Seraphim Space Investment Trust (SSIT) saw a 12-month share price decline of c 30%, while its NAV fell by only 7.1% in FY23 (to end-June 2023), shielded in part by the downside protection embedded in its investments via preference shares and only one down round out of 11 funding rounds completed by SSIT’s portfolio companies in FY23. Moreover, NAV/share rebounded by 3.9% in Q124, driven by FX gains and fair value uplifts on the back of new funding rounds (D-Orbit’s in particular). This resulted
Companies: Seraphim Space Investment Trust Plc
Feature article: Equity Income – UK or Global? Should investors widen their horizons?
► The UK Equity Income sector (UKEI) is the fourth-largest investment company (IC) sector in the Association of Investment Companies’ (AIC) universe, with £12.5bn of assets (as at August 2023), and is the traditional home for investors looking for income in the equity market.
► The UKEI not only provides investors with a better dividend yield than the ge
Companies: CTY EDIN ICGT DIG JCH CTUK TIGT PIN LWI AEI SDV SCF ARBB SHRS TMPL BRIG LWDB RECI HAT IVPU CHI DIVI AVO STX VTA APAX PIN
Hardman & Co
Despite an in line H1 performance, with transactions taking longer to complete, RBG now expects FY23 adj. EBITDA to be £10m-£12m. We set our forecast at the bottom of this range, representing a reduction of 33% to EBITDA and 44% to EPS. In response, management is prioritising debt reduction and we cut our dividend forecast to nil. We expect year end net debt of £20m, with leverage at 2.7x. Whilst this presents a risk (above the <2.25x covenant), management is in discussion with its bank and is c
Companies: RBG Holdings Plc
Singer Capital Markets
Companies: Begbies Traynor Group plc
The interim results reflect the continuing difficult trading conditions experienced in H2 2022. However, anticipated higher sales volumes in the current H2, due to new business wins and seasonality combined with the benefit of a restructuring programme, should result in an improved result, and the statement confirms that management expects adjusted operating profit to be marginally ahead of 2022 and in line with current market expectations.
Companies: Robinson plc
IXICO has published a trading update for the 12-months to September 2023 alongside an update on the company’s outlook for FY24. For FY23, IXICO now expects EBITDA to improve on the previous target of a c£1.0m loss despite a small shortfall in revenues following delays in the initiation of clinical trials. With a tight funding environment affecting the biopharmaceutical industry, the company has effectively managed challenges resulting from a contraction in the number of new clinical trial initia
Companies: IXICO Plc
The market capitalization of AIM stocks declines 1.3% to £99.0bn from the 6th to the 15th of December. Among the top winners for the previous five trading days, there were Bonhill Group (+39.1% on an acquisition offer for the part of the business), Oriole Resources (34.8% on first-ever JORC report), Rua Life Sciences (33.3% on smaller reported loss), Blackbird (29.8% on partnership news), Billington Holdings (28.9% on trading update). Among the bottom movers were Parsley Box (-68.7% on propose
Companies: CRU ITM VLS SAVE BIDS
Different Game, Same Player
Companies: Keywords Studios plc
Companies: RBN TIA TRMR