Report archive

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

Plastics Capital Plc - Capital Network: Investments to Drive Growth


Plastics Capital (PLA.LON) has announced a conditional share placing to raise net proceeds of £3.54m, for the purpose of increasing the group’s minority holding in CCM Group and accelerating organic investment within Plastics Capital (PLA.LON).

Published: 13:01, 26 May 2017

Xafinity - Capital Network: The Most Exciting of Actuaries


Xafinity (XAF.LON) provides a range of services to pension trustees and sponsors, including derisking, valuation, and administration services. In recent years the company has delivered steady EBITDA margins of above 30%, with a 90% cash conversion ratio, and more than 80% of revenues coming from recurring streams. All characteristics one would hope to see in a pension...

Published: 12:07, 12 May 2017

BOS Global - Capital Network: Global Expansion Underway


BOS GLOBAL is a software company which offers Cloud based solutions to make workplaces more productive. The platform is applicable to a range of knowledge-workers, including salesforce and financial services activities. The BOS360 technology applies advanced pattern recognition techniques to enhance productivity at an individual, team, and enterprise level.

Published: 10:36, 12 May 2017

Judges Scientific - Capital Network: Unique Player in Scientific Diagnostics


Judges Scientific (JDG.LON) stands out as a unique player of consolidating scientific instruments market. With its extensive acquisitive history over the past 10 years and combined expertise of highly experienced management teams at both the parent and subsidiaries, the long-term growth outlook for the company appears intact despite the sluggish performance over the...

Published: 14:04, 10 May 2017

XRBIA - Capital Network: Investor Update - Q4 2016


Xrbia, which is the leader in the Indian Affordable Housing sector, building affordable housing projects on the transport networks connecting India’s major cities, has disclosed its results for Q4 2016. These confirm that Xrbia is a fast growing company which is operating in a sector of the market where demand substantially exceeds supply, as evidenced by the current...

Published: 15:34, 08 May 2017

Green Dragon Gas - Capital Network: Turnaround in Production Performance


Green Dragon Gas (GDG.LON) published FY16 results on April 27th. We are encouraged by the 5.6% production increase y-o-y, which although 8% lower than our expectation, demonstrates the positive impact of the improved compression at the wellhead in the GSS block. We believe that the drilling of 147 new wells in GCZ, following the recent approval of the ODP by the Chinese...

Published: 15:28, 03 May 2017