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ECSC MBT PTY
Allenby Capital TMT Update - 28.09.20 - ECSC.L, MBT.L, PTY.L

ECSC Group plc* (ECSC.L, 69p/£6.9m) | Mobile Tornado plc* (MBT.L, 4.85p/£18.4m) | Parity plc (PTY.L, 8.25p/£8.4m)

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  • 28 Sep 20
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Biome Technologies Plc
Strong growth in Bioplastics and £1.1m fund raise

Interim results show that the Bioplastics division is continuing to gain momentum with important new contracts signed, particularly with US-based customers. Existing Group KPIs have been adjusted and extended and are effective through to 2023. If achieved they suggest that the Bioplastics division and the Group would become EBITDA positive by the end of the period. To fund increased spend in the division, the Group is proposing to raise approximately £1.1m (gross) which will be used to accelerate the current project runway, invest in additional manufacturing, boost sales and marketing and support working capital demands. The cyclical Stanelco RF division (RF) continues to suffer from overcapacity in the global fibre optic market and will remain subdued.

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  • 24 Sep 20
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The Character Group Plc
A resilient H2 and reintroduction of forecasts

Today’s year end trading update from The Character Group (Character) highlights the Company’s resilience and innovation in a challenging international environment with the Group working closely with customers and distributors to maintain trading at satisfactory levels. Indications remain that the second half to August 2020 will produce a profit at least equivalent to H1’s adjusted £2.5m before tax. The Group also has the benefit of a strong balance sheet with significant cash balances and no debt except the usual working capital facilities, much of which remains unused. We are pleased to be able to reintroduce forecasts that were suspended in March due to the uncertainty surrounding the COVID pandemic.

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  • 24 Sep 20
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ECSC Group Plc
Growth in recurring revenue, return to profit

Interims from ECSC Group plc, the UK’s longest-running full service cyber security provider, are in line with August’s trading update with group revenue flat but growth in both Managed Detection and Response (MDR) recurring revenue and Assurance. The partner programme is building well with 120 partners generating >160 sales opportunities and contributing 27% of the new client MDR order book and 7% of Assurance revenue. ECSC has further increased its addressable market through May’s Nebula Cloud launch. ECSC achieved its target of adj. EBITDA breakeven in May and a move into profit and H1 overall saw a small adj. EBITDA profit of £52k (H1 FY19: £184k loss). It remainsreasonably capitalised with cash of £1.25m at H1, although this includes £0.8m of CV-19 related government support. Revenue growth has continued in H2 and ECSC remains profitable in a market where spend is expanding given the ever-increasing volume of cyber security threats. Forecasts currently remain under review.

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  • 23 Sep 20
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TERN CNS EYE
Allenby Capital TMT Update - 21.09.20 - TERN.L, CNS.L, EYE.L

Tern plc* (TERN.L, 8.0p/£24.1m) | Corero Network Security (CNS.L, 8.25p/£40.8m) | Eagle Eye Solutions Group plc (EYE.L, 288p/£86.9m)

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  • 21 Sep 20
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CPX GFIN MWE NWT
Allenby Capital TMT Update - 14.09.20 - CPX.L, GFIN.L, NWT.L, MWE.L

CAP-XX Ltd* (CPX.L, 4.5p/£19.9m) | Gfinity plc* (GFIN.L, 3.8p/£28.9m) | MTI Wireless Edge Ltd* (MWE.L, 44p/£38.7m) | Newmark Security plc* (NWT.L, 1.175p/£5.5m)

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  • 14 Sep 20
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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 Plc Mobile Tornado Group Plc

  • 05 Aug 19
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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 Plc GetBusy Plc

  • 29 Jul 19
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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
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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
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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
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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
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