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Paul Hickman
17 October 2018 · 2 min read

ASOS (ASC); to launch its Collusion collection

ASOS delivers impressive 26% growth in revenue

‘Collusion’ is ASOS’ recently launched collection, “targeting a Gen Z customer with this gender-fluid, affordable label”. The collection was designed in collaboration with six young influencers, each with their own online voice. This restless innovation is typical of ASOS which refuses to see scale as a barrier to change.

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Sparks Team
17 October 2018

WANdisco (WAND); launches LiveData for Multicloud

Wandisco hopes to leverage its strategic partnerships

WANdisco announced the launch of its WANdisco LiveData product for Multicloud. WANdisco LiveData is an enterprise replication software which enables a LiveData platform for a Multicloud environment. 

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Sparks Team
17 October 2018 · 2 min read

Solid State (SOLI); trading statement; strong revenue growth in the first half

Stock up 15.09% to 328p at 8:09

Solid announced the trading update for the six months ending 30 September 2018, whereby group revenues grew to £23.5m from £22.5m in 2017, with good trading in both the value added distribution and manufacturing divisions. The company expects the second half to be positive and above expectations for the full year.

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Sparks Team
17 October 2018 · 2 min read

Findel (FDL); trading statement: Q2 slower than Q1, FY expectations unchanged

Findel online ordering levels rose from 20% in September 2017 to more than 55%

Findel provided a trading update, noting that revenue of Express Gifts (Studio), the group’s largest business, grew 8% in the first 28 weeks of the year. Full year expectations on revenue, margin, profit and net debt remain unchanged.

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Sparks Team
17 October 2018 · 1 min read

PowerHouse Energy (PHE); DMG®’s successful independent technology assessment by DNV GL

Stock up 13.95% to 0.49p at 8:06

Powerhouse Energy announced that it has received an independent “Statement of Feasibility” for its proprietary DMG®, a full-scale commercial engineering design for the waste-to-power and waste-to-hydrogen technology processes, from DNV GL.

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Sparks Team
17 October 2018 · 2 min read

discoverIE Group (DSCV); acquires Cursor Controls for an initial consideration of £19m

Cursor Controls reports an operating profit of £2.1m

disciverIE announced the acquisition of Cursor Controls Group through the purchase of its holding company Castlegate 737 Ltd. The company will pay an initial cash consideration of £19m on a debt free, cash free basis. The acquisition is expected to be earnings accretive immediately.

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16 October 2018 · 3 min read

Market valuations improving in UK and Europe

There are risks, but valuation risk is slowly receding, with the exception of the US

October’s equity market volatility may already be in the rear-view mirror despite the evident risks of Brexit and lingering concerns over Italian debt sustainability. If markets stabilise close to current levels, the recent volatility may in hindsight be seen as a helpful correction towards aligning equity market prices to normalised interest rates and bond yields. Following the recent market declines, but following solid earnings growth and ROE in 2018 to date, median non-financial price/book levels, with the notable exception of the US, are now close to long-term averages. While there may be concerns over the sustainability of current profit margins, rising bond yields or geopolitical events, valuations can now move down from the top of investors’ lists of risks.

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Sparks Team
16 October 2018 · 3 min read

Merlin Entertainments (MERL); issues strong trading statement

Resort theme parks reported 9% organic revenue growth

Theme parks and Madame Tussauds operator Merlin Entertainments, has issued a trading update showing a 4.7% rise in like-for-like revenues in the first 40 weeks of its financial year, driven by its large theme parks and Legoland resorts.

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Sparks Team
16 October 2018 · 2 min read

Drax Group (DRX); to buy Scottish Power’s portfolio

Drax Group Makes £702m Acquisition From Scottish Power

Drax Group, the Yorkshire power station company which generates about 6% of Britain’s electricity, is to buy Scottish Power’s portfolio of pumped storage hydro and gas-fired generation from Spain’s Iberdrola for £702m.

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Sparks Team
16 October 2018 · 3 min read

Nanoco Group (NANO); preliminary results: loss after tax narrows to £6m

Stock down 6.18% to 31.90p at 08:29

The company announced preliminary results for the year ended 31 July 2018. Billings increased to £6.5m from £1.1m in 2017. Revenue and other operating income more than doubled to £3.5m from £1.6m in 2017.

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