Report archive

Diploma PLC - Precision delivering results


Diploma PLC is an international group of businesses supplying specialised technical products and services. The company acts as a value-added distributor of products sourced from third parties. The high value-add business model produces strong operating margins – 17-19% in the last 5 years. 

Published: 09:17, 11 Dec 2017

Morgan Sindall - Secular Growth Trends


Morgan Sindall (LON:MGNS) operates in construction and regeneration, with activities in partnership housing, UK infrastructure, office fit out, and general construction. Morgan Sindall (LON:MGNS) operates through six divisions:  Construction & Infrastructure, Fit Out, Property Services, Partnership Housing, Urban Regeneration, and Investments.

Published: 13:58, 06 Dec 2017

Plastics Capital Plc - Reaction to the Interim Results


Plastics Capital Plc (LON: PLA) reported interim results (H1 end Sep 2017) on Wednesday 6th. These show positive progress on new business wins, reflected in the H1 organic revenue growth of 13.5%, and an increased pipeline of new business (see chart p2). At the same time the company guided to a less favourable margin mix for FY Mar 2018, with some projects delayed in...

Published: 10:31, 06 Dec 2017

Stride Gaming Plc - Eye Catching Metrics


Stride Gaming (LON:STR) is a leading online online gaming operator, working within the regulated markets, with a top 4 presence in the UK bingo market. Stride recently reported FY Aug 2017 results which confirmed strong operating progress, cashflows, and balance sheet. The UK bingo market continues to grow at mid-high single digits, and within that Stride has been...

Published: 08:36, 04 Dec 2017

Widecells - Fast-growing Provider of Stem Cell Services


WideCells Group PLC ( LON:WDC) was originally set-up in 2012 in Portugal, as a provider of stem cell storage services for the Portuguese and Spanish markets. In 2016 the company was listed on the London Stock Exchange, raising £1.7mln - net of fees, largely used to establish a new research and storage facility in Manchester, UK and to support the ongoing international...

Published: 13:02, 30 Nov 2017

Norcros PLC - Smartest player in the smallest room


Norcros PLC (LON:NXR) is a market leader in supplying innovative branded showers, taps, bathroom accessories, tiles, and adhesives. The company operates a multi-brand strategy, with operations primarily in the UK and South Africa.

Published: 11:05, 30 Nov 2017

Gamma Communications - The Beauty of Being Different


Gamma Communications (LON:GAMA) is a communications services provider to the UK business market, with a focus on specific services where the company has a competitive edge. The share price has dramatically outperformed UK business telco peers in recent years (chart p2). In this report we focus on some of the key differentiators.

Published: 14:19, 27 Nov 2017

Robert Walters - Leadership Through Experience


Robert Walters PLC (LON:RWA) shares have gained 79% in the last 12m, 219% in the last 5 years, strongly outperforming peers. We argue this is driven by growth in NFI (Net Fee Income), up 18% like-for-like in H1 2017, or 11.5% overall NFI CAGR in the last 15 years, with only one down year. In this report we examine some of the drivers which underpin this sustained...

Published: 13:55, 22 Nov 2017

Empresaria Group Plc - Perspective on the trading Update


Empresaria released a trading update on November 21st, lowering the expected growth rate for FY2017 PBT. This was due to the weak market conditions in the Mideast which were flagged in the H1 results, and also to changes in legislation in Germany. The German issue, also previously know, relates to rules restricting the length of tenure for contract workers (Empresaria’s...

Published: 13:15, 22 Nov 2017

Genedrive PLC: Overlooked Story Entering the Launch of their HepC Diagnostic Kit


Genedrive (LON:GDR) on track to become a commercial stage, point-of-need diagnostics company Launch of Genedrive® Hepatitis C (HCV) test at IFCC World Lab October 2017, with commercial sales expected in the coming quarters (African markets) Distribution agreement signed for HCV test for Asia Pacific Collaboration with the US Defense Department...

Published: 20:56, 15 Nov 2017

Making It to the Final Five


+ Recovering Rare Earth prices provided a fertile environment for reconsidering the sector’s attractions+ Talaxis/Noble entered into the share register with a small financing in October and has since escalated involvement with a substantial stake being taken at the project level in exchange for funding the BFS and arranging project funding for the build+ The travails...

Published: 10:45, 15 Nov 2017

Amur Minerals - Capital Network:Further Resource Upgrades Likely


Amur Minerals (LON:AMC) is a London AIM listed minerals exploration and Development Company, currently focussed on developing the Kun Manie project, located in the far east of Russia. The project is primarily a nickel project, but with significant by products of copper, cobalt, platinum and palladium.    

Published: 13:54, 06 Nov 2017

Midpoint Holdings - Capital Network: Announcement of Financial Results, 12 Months Ending June 2017


Midpoint Holdings Limited (TSX.V: MPT) announced on the 31st October 2017 its annual financial results for the 12-months (12m) and the quarterly results for the 4th quarter (4Q) ending June 2017. The Company has been able to demonstrate considerable financial progress during the year reporting significant growth in revenues and a greatly reduced net loss which benefitted...

Published: 08:33, 03 Nov 2017

Optibiotix Health - Rapidly Transitioning to Commercial Phase


Preventing and treating diseases through the modulation of the microbiome is one of the most exciting frontiers of healthcare, and a fast growing market OptiBiotix Health PLC (LON:OPTI), an innovative life sciences company focused on human microbiome, is rapidly transitioning from product development to the commercial stage with early revenues and commercial...

Published: 10:14, 02 Nov 2017

Chariot Oil and Gas - Capital Network: Large-cap Portfolio with Small-cap Leveraged Upside


Chariot Oil & Gas (LON:CHAR) is a UK-based oil and gas exploration company listed on the AIM market of the London Stock Exchange. The company has assembled a very prospective portfolio of assets located on both sides of the Atlantic in West Africa and South America, and has carried out the necessary adjustments to weather the commodity downturn, reducing staff from...

Published: 15:05, 26 Oct 2017

e-Therapeutics - Capital Network: Undervalued Stock with a Unique Approach to Drug Discovery


e-Therapeutics (LON:ETX) focuses on the discovery of  new drugs in a more efficient and effective way and aims to be a valued partner to address the productivity challenge that the pharma industry faces. e-Therapeutics (LON:ETX) has developed a novel and unique in-silico approach to drug discovery: starting from the analysis of complex interactions between...

Published: 11:14, 25 Oct 2017

Midpoint Holdings - Capital Network: Midpoint approaches all time high


Midpoint Holdings Ltd (TSXV: MPT), shares have closed at $0.22 CAD with approximately 2 million shares traded last Friday. Following our previous capitalisation update published on the 17th October 2017, the company’s share price has surged 70%.

Published: 14:47, 23 Oct 2017

Rose Petroleum - Capital Network: An Encouraging Update


Rose Petroleum plc (LON:ROSE) provided an update on the likely completion date for the 3D seismic survey they are in the process of acquiring in the Paradox Basin, following the successful completion of a £3M funding. The 3D seismic data will be key to identify drill targets in the Cane Creek interval and other potential clastic reservoirs of the Paradox Formation, but...

Published: 10:31, 23 Oct 2017

Midpoint Holdings - Capital Network: Capitalisation Update Report


New Investment into Midpoint, Significant Increase in Subscription Price.   Midpoint Holdings Ltd (CVE: MPT), has announced a significant new share offering to raise up to S1.2m CAD through a non-brokered private placement of 16,000,000 Common Shares at $ 0.075 CAD. The investment will be led by Halifax (Canada) based Numus Capital Corp. and PowerOne Capital...

Published: 15:04, 17 Oct 2017

Genedrive - Capital Network: FY 2017 Preliminary results: HepC test launch in sight


KEY INVESTOR MESSAGES Commercial launch of Genedrive® Hepatitis C (HCV) test expected to start in    the coming quarters (African markets) Collaboration with the US Defense Department (bio-hazard program) to generate further income in the current fiscal year Re-launch of Genedrive® MTB (tuberculosis) test in India is being...

Published: 08:36, 17 Oct 2017

Zenith Energy - Capital Network: Encouraging Progress in Azerbaijan


Zenith Energy (LON:ZEN) provided an update on the redevelopment project in Azerbaijan. The update included the results of the successful perforation of unexploited pay zones in well C-21 in the Jafarli field, as well as the start of the workover on well Z-28 in the Zardab field. We are encouraged by the outcome of the work undertaken on C-21 where the application of new...

Published: 14:38, 16 Oct 2017

Midpoint Holdings - Capital Network: Strengthening of Board


Operational Progress Continues, Board of Directors Strengthened with Key Appointment. Midpoint Holdings Ltd (CVE:MPT), cross-border payments and foreign exchange provider, has announced significant operational improvements to its user platform following nine months of intensive planning and development. The new updated platform, an enterprise grade platform,...

Published: 13:56, 10 Oct 2017

Avacta Group - Capital Network: Preliminary Results


Avacta’s FY 2017 Preliminary Results: Reagents and therapeutics programs all on track KEY INVESTOR MESSAGES Avacta’s Affimer® technology is a proprietary alternative to antibodies with key technical and commercial benefits Avacta is building a pipeline of Affimer drugs for immuno-oncology and growing revenues based on a licensing model for Affimer...

Published: 09:30, 04 Oct 2017

PCF Group - Capital Network: Trading ahead of expectations


TRADING AHEAD OF EXPECTATIONS PCF Group Plc (LON:PCF), the UK specialist finance bank, released yesterday morning a trading update ahead of the full year results for the financial year ending 30th September 2017 in which the bank reported strong trading during 11 months of the year and now expects full year results to be ahead of market expectations. The full year...

Published: 15:18, 28 Sep 2017

Itaconix Plc – Capital Network: Breakthrough opportunity


PROGRESS YTD Itaconix PLC (LON:ITX) reported H1 results (18/09/2017) which showed good progress, with revenues of £0.3m (H1 2016 ongoing: nil) and new collaborative partnerships in key product segments. In this report we examine some of the drivers which are supporting this rapid commercial adoption of Itaconix PLC (LON:ITX) technologies, including...

Published: 10:13, 25 Sep 2017