Latest Content

ECSC Group Trackwise Designs
Allenby Capital TMT Update - 06.07.20 - ECSC.L, TWD.L, TRT.L

ECSC Group plc* (ECSC.L, 71.5p/£7.2m) | Trackwise Designs plc (TWD.L, 90.5p/£20.0m) | Transense Technologies plc (TRT.L, 59.5p/£9.7m)

 View

  • 06 Jul 20
  • -
  • -
Rockfire Resources
Potential for a major resource base upgrade

Rockfire Resources, the gold and copper exploration junior with projects in northern Queensland has recently commenced a major £0.8m drilling programme on Plateau, its most advanced project. Drilling is likely to be followed by a resource update in late 2020 and a scoping study in Q1 2021. We believe that the updated resource estimate could be commercially significant. This reflects the promising drilling results post July 2019’s resource assessment and the potential for the drilling programme to expand the resource base given the analogous Mt Wright mine geology 47 km to the NE. The new drilling programme will include diamond drilling for the first time which will enable deeper higher-grade targets to be targeted. The drilling programme has been underpinned by the recently announced £1m raise. We believe the scope for positive news flow in the coming months is excellent while the gold market backdrop should be supportive for gold exploration as well as production plays over the balance of 2020.

 View

  • 02 Jul 20
  • -
  • -
React Group
Exploiting rising demand for specialist cleaning

REACT Group plc (REACT) is exploiting a gap in the market for specialist deep cleaning services for customers in the public and private sectors, with revenues split 50/50 between reactive work and regular maintenance. The Covid-19 pandemic has led to a significant upturn in activity in certain sectors (such as healthcare and transport) but temporarily weaker demand from others (such as hospitality). While its Covid-related work is by no means its biggest revenue generator, the legacy of the pandemic is likely to have a profound impact on future levels of activity as all businesses and organisations become more aware of the importance of maintaining high standards of cleanliness and hygiene. With a new management team and strengthened balance sheet, we believe the outlook is positive, a view that has been supported by the Group’s interim results which have generated maiden profits.

 View

  • 29 Jun 20
  • -
  • -
BIRD MIRA MIRA TERN CKT
Allenby Capital TMT Update - 29.06.20 - BIRD.L, MIRA.L, TERN.L, CKT.L

Blackbird plc* (BIRD.L, 19.25p/£64.7m) | Mirada plc* (MIRA.L, 92.5p/£8.2m) | Tern plc* (TERN.L, 10.75p/£29.0m) | Checkit plc (CKT.L, 39.5p/£24.5m)

 View

  • 29 Jun 20
  • -
  • -
Cluff Natural Resources
Deltic confirms Shell’s well commitments

Deltic Energy’s recent operational update, importantly, confirms the commitment of its JV partner, Shell, to drill the promising Pensacola and Selene prospects in the SNS (Southern North Sea) gas basin. Drilling the former now appears likely in the second half of 2021 and will be followed by Selene in mid-2022. Significantly, we expect major news flow over the next three months or so. This will relate to the results of the 3-D seismic shot on Pensacola by Shell in August 2019, a possible well decision and the awards of acreage under the 32nd North Sea Licencing Round. As noted in our May note, the marked contango in North Sea forward prices is more significant for investment than the currently depressed spot prices. Deltic’s share of Pensacola and Selene well costs plus G&A through mid-2022 is well underpinned by the sizeable cash position.

 View

  • 22 Jun 20
  • -
  • -
Active Energy Group
Issue of £0.8m CLN to accelerate lumber production

Active Energy Group (AEG) has raised £0.8m via the subscription of convertible loan notes by new US and existing European investors. The funds will be immediately deployed to accelerate the expansion of the Group’s lumber activities in North Carolina to satisfy increasing demand. It is anticipated that a second shift at the sawmill will begin in around three weeks’ time and will facilitate an increase in production of rail ties and lumber while also satisfying increasing demand for saw log exports to SE Asia. Depending on the product mix, the increase in production capacity has the potential to generate revenues of up to $10m creating a valuable platform and solid revenue base with the benefits of the 2 nd generation, drop-in biomass CoalSwitch™ fuel still to come.

 View

  • 22 Jun 20
  • -
  • -
 

Allenby Capital Research and Daily Commentaries

Research Tree offers Allenby Capital research, providing ongoing coverage of 136 shares , as well as macro-economic categories including: Economic Data, Commodities - Energy, and Indices and Markets. We offer 502 reports from Allenby Capital on Research Tree.

  • Research reports provided by Allenby Capital

  • Companies covered by Allenby Capital

  • Sectors covered by Allenby Capital


Related Content

View the latest research on other companies in the sector. 

Allenby Capital TMT Update 05.08.19 (BBSN.L, MBT.L)

Brave Bison Group plc* (BBSN.L, 1.45p/£8.8m) Interims: Swift response to Facebook content policy changes (31.07.19) | Mobile Tornado Group plc* (MBT.L, 5.2p/£18.1m) Subscription: Additional working capital to fund bundled PTT growth (31.07.19)

Brave Bison Group Mobile Tornado Group

  • 05 Aug 19
  • -
Allenby Capital TMT Update 29.07.19 (TERN.L, GETB.L)

Tern plc* (TERN.L, 12p/£28.4m) Investee company update (25.07.19) | GetBusy plc (GETB.L, 43p/£21.8m) Meeting with management: Revenue visibility & growth opportunity (23.07.19)

Tern GetBusy

  • 29 Jul 19
  • -
Allenby Capital TMT Update 15.07.19 (GFIN.L, MIRA.L, BOOM.L)

Gfinity plc* (GFIN.L, 5.25p/£23.6m) Proposed placing of £5.25m (15.07.19) | Mirada plc* (MIRA.L, 1.0p/£8.9m) Finals - Revenue growth & profitability; positive outlook (12.07.19) | Audioboom plc* (BOOM.L, 255p/£35.7m) New podcast studios in New York increases capacity (12.07.19)

GFIN BOOM MIRA

  • 15 Jul 19
  • -
Allenby Capital TMT Update 08.07.19 (CPX.L, MIRA.L, BIRD.L, BOOM.L)

CAP-XX Ltd* (CPX.L, 4.5p/£14.9m) Court action settlement and licence agreement (02.07.19) | Mirada plc* (MIRA.L, 0.9p/£7.8m) Successful disposal of non-core business (05.07.19) | Blackbird plc* (BIRD.L, 7.375p/£21.8m) Contract win: Global Rapid Rugby highlights (03.07.19) | Audioboom plc* (BOOM.L, 242.5p/£34.0m) Notice of results (04.07.19)

CPX BIRD BOOM MIRA

  • 08 Jul 19
  • -
Allenby Capital TMT Update 01.07.19 (TERN.L, ZOO.L, ACC.L)

Tern plc* (TERN.L, 11.25p/£26.6m) Capital Markets Event: Exposure to global IoT market (24.06.19) | ZOO Digital plc (ZOO.L, 63p/£46.9m) FY19 results: Development and disruption in OTT market (26.06.19) | Access Intelligence plc (ACC.L, 58.0p/£35.4m) Cessation of coverage (01.07.19)

TERN ZOO ACC

  • 01 Jul 19
  • -
Allenby Capital TMT Update 24.06.19 (MWE.L, BIRD.L, ACC.L, BBSN.L, ECSC.L)

MTI Wireless Edge Ltd* (MWE.L, 23.0p/£20.0m) Acquisition: Capturing more of the value chain (24.06.19) | Blackbird plc* (BIRD.L, 7.75p/£22.9m) Contract win: Major US broadcaster secured (19.06.19) | Access Intelligence plc* (ACC.L, 58p/£35.4m) H1 trading update: Major US broadcaster secured (19.06.19) | Brave Bison Group plc* (BBSN.L, 1.65p/£10.0m) AGM statement: Planned diversification (19.06.19) | ECSC Group plc* (ECSC.L, 75p/£16.8m) AGM statement: Managed Services growth increases recurring revnue (19.06.19)

MWE ACC BBSN ECSC

  • 24 Jun 19
  • -