Report archive

Corero Network Security PLC - Capital Network: Gathering Pace

YEAR-TO-DATE PROGRESSING STRONGLY Corero Network Security Plc (LON:CNS) H1 results release (14/092017) showed strong progress, with revenue up 51% for the flagship SmartWall product. Perhaps even more importantly the recurring revenue element for SmartWall was up 177%. This reinforces the growth profile going forward because licence fee income grows cumulatively as...

Published: 14:44, 15 Sep 2017

Berkeley Energia – Capital Network: Positioned to be Global Top Ten Uranium Producer

Berkeley Energia Ltd (LON:BKY) is a London AIM and ASX listed minerals development company. The firm is currently progressing the Salamanca Uranium Project in western Spain, aiming to commence production in the second half of 2018. REASONS TO CONSIDER BERKELEY ENERGIA A strong, clear, straightforward story: Berkeley Energia Ltd (LON:BKY) possesses a low capex,...

Published: 14:33, 13 Sep 2017

Zenith Energy Ltd – Capital Network: Valuable Oil Redevelopment Play in Azerbaijan

Zenith Energy Ltd (LON:ZEN) (Zenith) is an oil and gas production company incorporated in Canada and dual-listed in London and Toronto. Zenith’s strategy of investing in low costs producing assets with relatively material upside potential, culminated in the recent award of a PSA in Azerbaijan for the redevelopment of mature onshore assets with potentially material...

Published: 10:12, 12 Sep 2017

Genel Energy PLC (GENL.L) - Capital Network - Good Time to Revisit the Equity Story

Genel Energy PLC (Genel) is a London-listed oil and gas production company with assets in the Kurdistan region of Northern Iraq (KRI), Somaliland and Morocco. Political instability in Iraq and the rise of ISIS created a particularly challenging stock market sentiment for companies active in the region, such as Genel Energy PLC, with concerns about security compounding...

Published: 10:03, 08 Sep 2017

Proactis Holdings Plc (LON:PHD) – Capital Network: Entering the Big League

Proactis Holdings Plc (LON:PHD) is a provider of software for Spend Control and eProcurement, systems which are used by most large organisations to manage the way they transact with their supplier base. In recent years Proactis Holdings Plc (LON:PHD) has been gaining market share, within a growing market, delivering a 35% CAGR in revenues, and 62% in EPS.

Published: 13:34, 07 Sep 2017

Morses Club PLC (LON:MCL) - Capital Network: New Debt Facilities

Morses Club PLC (LON:MCL) is the number two player in the well-established UK non-standard credit market, with a clear opportunity to take advantage of changes in the market to grow revenues and earnings. Home collected credit (HCC), often referred to as doorstep lending, has been around for decades, and despite the advent of the digital age looks likely to remain...

Published: 12:20, 06 Sep 2017

Genel Energy PLC – Capital Network: Good Time to Revisit the Equity Story

Genel Energy PLC (LON:GENL) is a London-listed oil and gas production company with assets in the Kurdistan region of Northern Iraq (KRI), Somaliland and Morocco. Political instability in Iraq and the rise of ISIS created a particularly challenging stock market sentiment for companies active in the region, such as Genel Energy PLC (LON:GENL), with concerns about security...

Published: 10:14, 30 Aug 2017

Empresaria Group plc : Capital Network : Continuing the Run of Strong Results

STRONG PROGRESS – VERSUS MIXED SECTOR BACKGROUND Empresaria’s H1 results confirm the message of July’s trading update, and the outlook for the full year – continued growth in Net Fee Income (NFI) and EPS. Net Fee Income was up 26% (17% at constant FX), adj. Operating Profit +23% (9% at constant FX). This has been delivered against a mixed background for the wider...

Published: 09:52, 22 Aug 2017

Green Dragon Gas – Capital Network: NDRC Approval will Shorten lead up to Commercialisation

Green Dragon Gas (GDG) announced that the China National Development and Reform Commission (NDRC) has approved a Project Code for the Overall Development Plan (ODP) on the Greka Shizhuang South Zaoyuan portion of the Main Block (GSS), concluding that the ODP does not require an approval process and only needs to be registered. Management reckon this approval will...

Published: 09:17, 01 Aug 2017

Medgold Resources - Capital Network: Well Funded Early Stage Gold Explorer

Medgold Resources Corp. (MED.CVE) is a European-focused TSX-V listed exploration and development company targeting gold properties in central and southern Serbia. The company is run by a highly experienced management team with a successful track record of building value in resource companies. Medgold is aiming to become a leading European gold company. REASONS TO...

Published: 13:16, 31 Jul 2017

Haydale Graphene Industries – Capital Network: The Tipping Point

The nanomaterials market is transitioning from a concept technology to commercial applications. Haydale (LON:HAYD) specialises in the integration of nanomaterials into commercial and industrial technologies. We argue that this is a good position to occupy within the value chain – exposed to end market growth but not exposed (negatively) to the likely future price...

Published: 10:15, 27 Jul 2017

PCF Group - Capital Network: Raising Retail Deposits will be Game Changer

Substantial growth in new business forecasted by management; the current customer portfolio stands at £128m which management expect to grow to £350m in 3 years and to £750m in 5 years across both Consumer and Business Finance divisions. The returns guidance is very positive with ROAA (Return on Average Assets) targeted at 2.5% and ROE (Return on Equity) targeted at...

Published: 15:31, 26 Jul 2017

Solo Oil – Capital Network: Risked Value Represents Significant Upside

Solo Oil Plc (“Solo”) is a London (AIM) listed oil and gas investment company engaged in the acquisition and development of a diverse global portfolio of oil and gas assets. The company has a core portfolio of non-operated assets in Tanzania, including a stake in the prolific Ruvuma Basin, an interest in the producing Kiliwani North gas development on the Songo Songo...

Published: 10:07, 25 Jul 2017

BOS GLOBAL - Capital Network: Progress on Track

The BOS GLOBAL share price rose from 3p to 19p during the 6 months Nov 2016 – May 2017, but has since fallen back to 8.6p. Whilst volatility is not unusual as a tech company progresses from start-up to commercialisation, we felt it’s a good time to review events.

Published: 14:22, 19 Jul 2017

NQ Minerals Plc - Capital Network: Company Changing Acquisition

NQ Minerals is a London listed (NEX exchange) minerals exploration and development company. The company holds advanced exploration projects in North Queensland in Australia; but the key focus for investors should be their recent acquisition of the Hellyer Tailings project in Tasmania, Australia, which has the potential to see the company be strongly cash generative in...

Published: 11:42, 14 Jul 2017

Corero Network Security - Capital Network: Delivering Results in Real-Time

Corero Network Security (CNS.LON) provides protection against Distributed Denial-of-Service (DDoS) attacks, through its SmartWall Threat Defence System. The largest customer groups are Internet Service Providers (ISPs) and hosting service providers. The SmartWall system is differentiated from its peers by its ability to apply a DDoS mitigation solution in real-time,...

Published: 10:40, 11 Jul 2017

BB Healthcare Trust - Capital Network: High-Conviction Global Healthcare Opportunities

Building on the expertise acquired with BB Biotech, the largest European biotech investment trust with over $3 billion under management and 25-year track record, in December 2016 Bellevue Asset Management launched the BB Healthcare trust (BBH.LON), a highly differentiated product in the market of actively managed funds.

Published: 11:52, 10 Jul 2017

Plastics Capital Plc - Capital Network: Gearing up for Growth

Plastics Capital (PLA.LON) has reported FY results which are closely in line with our expectations (see table below). The company delivered 29.5% revenue growth and 6.5% earnings growth, reflecting M&A and organic improvement, but offset by the cost of fixing operational issues at the Palagan films business and new P&L investments for future growth elsewhere in...

Published: 09:43, 03 Jul 2017

Thor Mining - Capital Network: Poised for Development

Thor Mining (THR.LON) is an exploration and development company with an advanced tungsten/molybdenum project poised for development; and exciting lithium and tungsten exploration projects. Thor is listed on the Alternative Investment Market (AIM) in London and the Australian Stock Exchange (ASX).

Published: 15:21, 26 Jun 2017

Capital Network: Greatland Gold has a suite of exploration assets in Australia

Agreement with a global major: Global major gold miner, Newmont, has recently entered into an agreement with Greatland (GGP.LON) such that Newmont will have access to Greatland’s Ernest Giles gold project for a period of 6 months, and is able to apply their proprietary exploration methods (which, we understand, are ideally suited for identifying large gold systems under...

Published: 08:38, 26 Jun 2017

Genedrive - Capital Network: Ready to launch the first point-of-care HepC test

genedrive (GDR.LON), an emerging UK medtech company, focuses on the development and commercialization of an innovative, point-of-care diagnostic system, also called Genedrive® (in this report, "genedrive" (GDR.LON) refers to the company, whereas "Genedrive®" indicates the product). genedrive (GDR.LON) is poised to become the first company to launch a decentralized...

Published: 12:35, 15 Jun 2017

AFC Energy - Capital Network: A Unique Angle in Clean-Tech

AFC Energy (AFC.LON) is a provider of clean energy generation solutions to the global power market through the sale and development of alkaline fuel cell systems which generate electricity from hydrogen. These are large scale stationary systems (as opposed to automotive or aerospace). The company is in the final year of a 3-year accelerated path to commercialisation,...

Published: 11:49, 01 Jun 2017

Midpoint Holdings - Capital Network: At an Inflection Point

A significant UK operating company with legal structure in the UK, Canada, and Germany; authorised by the FCA (UK) and FINTRAC (Canada) regulators, Midpoint is a multi-party, multi-currency foreign exchange matching marketplace and international payments company. Established and quoted in Canada in 2013, a significant operating company was established in the UK in 2013,...

Published: 11:36, 30 May 2017