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Tests identify new pathway to bioMSAR Zero
Quadrise | 08/12/2023
Quadrise has announced final test results for potential low-carbon marine fuels. The tests demonstrated that bioMSAR blends containing Vertoro’s…
Phase II combination to progress lead asset
Mendus | 08/12/2023
Mendus has entered into a collaboration with the Australasian Leukaemia & Lymphoma Group (ALLG) to initiate the ALLG AMLM22 CADENCE trial for its lead…
Building a major global adtech player
MGI - Media and Games Invest | 08/12/2023
MGI – Media and Games Invest (MGI) continues to steadily gain market share in a difficult trading environment. It is the leading mobile open web…
Delivering what the doctor ordered
Shield Therapeutics | 08/12/2023
Shield Therapeutics’ US commercialisation efforts continue to gather steam, with prescription volumes gearing up in Q323 (27,750 prescriptions, a…
H124 in line, solid core growth
Games Workshop Group | 07/12/2023
Games Workshop Group’s (GAW’s) H124 trading update indicated a robust start to the year in line with management’s expectations. The launch…
Executive interview
SenSen Networks – executive interview | 07/12/2023
SenSen Networks, an Australian company, provides ‘live awareness’ technology for smart cities through its proprietary SenDISA platform. Leveraging…
Navigating the road to growth
paragon | 07/12/2023
While we believe H223 represents a pause in growth at paragon’s ongoing automotive operations, we are cutting our near-term EBITDA margin contribution…
Interims in line, growth strategy developing
Braemar | 07/12/2023
Braemar’s H124 results were in line with expectations with revenues up by 8%, but operating profits were down, having been hit by one-off costs.…
Happy eaters
Loungers | 07/12/2023
Loungers continues to show that UK hospitality in the guise of an innovative, all-day value offer can deliver significant and sustained profit growth despite…
Key takeaways
Deliveroo | 06/12/2023
Deliveroo’s (ROO’s) November capital markets day (CMD) saw its leadership team present initiatives aimed at progressing the customer value…
Returning to trend growth
Solid State | 06/12/2023
Solid State has confirmed the strong H124 performance, boosted by a full period contribution from Custom Power combined with the benefit of delivering…
Bovemij proposes to pay dividend for 2023
PB Holding | 06/12/2023
PB Holding reported that the company’s most important asset, car insurer Bovemij, in which it has a 5.3% stake, intends to pay an unexpected special…
Executive interview
Information Services Corporation – executive interview | 05/12/2023
Information Services Corporation (ISC), headquartered in Canada, is a leading provider of registry and information management services for public data…
Offering an attractive dividend yield
Princess Private Equity Holding | 05/12/2023
Princess Private Equity Holding (PEY) posted a year-to-date NAV total return (TR) to end-October 2023 of 4.9%, 2.4% of which was from Q323. PEY’s…
Grant to bolster ALS pipeline, add funding
Oryzon Genomics | 05/12/2023
Oryzon has announced the receipt of a $0.5m grant from the Amyotrophic Lateral Sclerosis (ALS) Association to support the regulatory clinical development…
Gaining momentum with new contract win
Information Services Corporation | 05/12/2023
Information Services Corporation’s (ISC’s) strong track record of acquiring and innovating registries, and related information services, was…
H1 results confirm attractive potential total return
SDCL Energy Efficiency Income Trust | 05/12/2023
SDCL Energy Efficiency Income Trust (SEEIT) has taken a prudent approach to discount rate adjustments in the period, leading to a 10.9p reduction in net…
Termination of coverage
Termination of coverage - European Opportunities Trust | 05/12/2023
Edison Investment Research is terminating coverage on European Opportunities Trust (EOT). Please note you should no longer rely on any previous research…
UK margins up materially, South Africa stabilising
Norcros | 04/12/2023
Norcros’s compelling investment case was underpinned at the half year where underlying operating profit was down less than 3% despite material revenue…
Positive data in non-randomised MOJAVE cohort
Sequana Medical | 04/12/2023
Sequana Medical has announced interim results from all three patients comprising the non-randomised cohort of its MOJAVE US Phase I/IIa study evaluating…
Spacetech enjoying sustained secular tailwinds
Seraphim Space Investment Trust | 04/12/2023
Seraphim Space Investment Trust (SSIT) saw a 12-month share price decline of c 30%, while its NAV fell by only 7.1% in FY23 (to end-June 2023), shielded…
Entering a pivotal year
The Metals Company | 04/12/2023
The Metals Company’s (TMC’s) pioneering journey towards mining polymetallic nodules from the deep sea continues. There are inevitable hurdles…
Tolimidone licensing expands clinical pipeline
Biodexa Pharmaceuticals | 04/12/2023
Biodexa has reached an agreement to acquire worldwide rights to Adhera Therapeutics’ Phase II-ready asset, tolimidone, a novel lyn kinase activator,…
Valuation up 22.2% with new gold price forecasts
Pan African Resources | 01/12/2023
On 22 November, Pan African Resources (PAF) announced that operations to date in FY24 had performed in line with, or better than, expected, with gold production…
Strong momentum following LotF launch
CI Games | 01/12/2023
CI Games has completed a key milestone with its Lords of the Fallen (LotF) launch on 13 October, achieving 1.2m unit sales by end-November. Q3 performance…
KOL event: Glimmer of hope for ALA patients
Immix Biopharma | 01/12/2023
Immix hosted a key opinion leader (KOL) event highlighting the long-term potential for NXC-201, the company’s B-cell maturation antigen (BCMA) targeting…
Return to growth in FY23
Treatt | 30/11/2023
Treatt’s FY23 results show a significantly improved y-o-y operating performance, delivering revenue and profit growth alongside record cash generation.…
Early delivery
Topps Tiles | 30/11/2023
Topps Tiles’ (TPT’s) FY23 results confirm the strong progress made, with its focus on growing profitable market share by developing and diversifying…
Resilient H124 with fully covered DPS
Picton Property Income | 30/11/2023
In a challenging market environment, Picton Property Income (PCTN) produced a resilient H124 financial performance, supporting fully covered DPS. This…
Profitability not fully rewarded by the market
ProCredit Holding | 29/11/2023
ProCredit Holding (PCB) reported a strong Q323 return on equity (ROE) of 12.5%, assisted by a significant increase in net interest margin (NIM) to 3.9%…
What’s next?
Incannex’s US redomicile is now complete – what’s next? | 28/11/2023
Incannex Healthcare is a clinical-stage pharmaceutical company developing proprietary medicinal cannabinoid drugs and psychedelic medicine therapies. These…
Global growth despite tough macro environment
AFT Pharmaceuticals | 27/11/2023
AFT Pharmaceuticals reported solid H124 top-line growth, driven by strong momentum in the Asian and international markets. H124 revenues of NZ$83.6m grew…
Brand portfolio proving resilient
Britvic | 27/11/2023
Britvic reported robust FY23 results despite the weaker consumer environment, reflecting the resilience of its brand portfolio. Price/mix offset limited…
Executive interview
Mendus – executive interview | 27/11/2023
Mendus is a clinical-stage immunoncology company developing its lead candidate, vididencel, a cell-based vaccine, as a cancer maintenance therapy, aimed…
Collaboration bolsters upcoming Tedopi Phase III
OSE Immunotherapeutics | 27/11/2023
OSE Immunotherapeutics (OSE) has announced a collaboration with GenDx for the development and validation of a companion diagnostic screening test to support…
Key €45m funding to back strategic priorities
Oryzon Genomics | 27/11/2023
Oryzon has secured funding of up to €45m through a revised convertible bond financing agreement with Nice & Green, a Switzerland-based institutional…
H124 results reaffirm focus on CustomEX
ReNeuron Group | 27/11/2023
ReNeuron has announced its H124 results (to end-September 2023), reaffirming its commitment to advance CustomEX(TM), its proprietary stem cell-derived…
Short-term challenges in Q323
OPAP | 24/11/2023
OPAP’s Q323 results were negatively affected by industry-wide influences in sports betting, a tough comparative for Lotteries, and one-off natural…
Further progress in Q323
4imprint Group | 24/11/2023
4imprint’s Q323 trading update indicated further good growth, albeit moderating against comparatives getting tougher as the year progresses. Full…
SEEIT webinar: Impacts of the US Inflation Reduction Act
SEEIT webinar: Impacts of the US Inflation Reduction Act | 23/11/2023
Impacts of the US Inflation Reduction Act on SEEIT presented by Lolita Jackson (Executive Director of Sustainable Cities, SDCL) SDCL Energy Efficiency…
Brand portfolio proving resilient
Britvic | 23/11/2023
Britvic reported robust FY23 results despite the weaker consumer environment, reflecting the resilience of its brand portfolio. Price/mix offset limited…
Major contract with Heavy Vehicle Regulator
SenSen Networks | 23/11/2023
SenSen has won a major contract with Australia's National Heavy Vehicle Regulator (NHVR), generating A$1.5m in upfront revenue and c A$500,000 in annual…
CAR-T trial moves to US with outpatient potential
Immix Biopharma | 22/11/2023
The FDA has accepted Immix’s Investigational New Drug (IND) application for lead CAR-T asset NXC-201. In our view, this decision from the FDA represents…
Market headwinds in H2
The Pebble Group | 22/11/2023
The Pebble Group is experiencing tougher trading conditions in its second half year, particularly in its Brand Addition segment, which provides global…
Continues to outperform its benchmark
VinaCapital Vietnam Opportunity Fund | 22/11/2023
VinaCapital Vietnam Opportunity Fund (VOF) posted a one-year NAV TR in US dollars to end-October 2023 of 13.1%, versus 2.8% for the VN Index, as a result…
Suspension lifted; interims due 29 November
Braemar | 22/11/2023
Following the release of the delayed, but in-line FY23 results covering the period to February 2023, trading in Braemar shares recommenced on 21 November.…
Shifting focus
Canacol Energy | 22/11/2023
Canacol Energy has announced that it is cancelling its Empresas Publicas de Medellin (EPM) gas sales contract and pipeline from Jobo to Medellin. This…
CLIQ Digital: executive interview
CLIQ Digital: executive interview | 22/11/2023
In this interview, filmed at the company's recent capital markets day, CLIQ Digital CEO Luc Voncken gives a brief overview of the company's activities…
In good shape
Basic-Fit | 21/11/2023
Basic-Fit remains firmly on the front foot after confirming at its recent capital markets day (CMD) that its aim is to more than double its owned clubs…
Top of the peer group over short and long term
The European Smaller Companies Trust | 21/11/2023
The European Smaller Companies Trust’s (ESCT’s) manager, Ollie Beckett at Janus Hendersons Investors (JHI), remains very positive about the…
Year-to-date pre-tax result in line
AGBA Group Holding | 21/11/2023
AGBA’s Q323 results continued to be affected by the weak recovery in China and consequent subdued mainland demand for Hong Kong health and wealth…
V12 Retail Finance to support refreshed targets
Secure Trust Bank | 21/11/2023
In its Q323 trading update, Secure Trust Bank (STB) posted 1.7% q o q growth in net lending alongside 2.6% growth in its deposits. This was despite a 7%…
Cloud-based regtech saas company
EQS Group: EKF 2023 QuickView | 21/11/2023
EQS provides cloud-based products and services to customers across Investor Relations (31% FY22 revenues) and corporate Compliance (69% FY22 revenues).…
Helping farmers through innovative solutions
Forfarmers: EKF 2023 QuickView | 21/11/2023
ForFarmers is an international agricultural feed business that provides feed solutions for conventional and organic livestock farming, specifically the…
Name change shows clear strategic focus
Team Internet: EKF 2023 QuickView | 21/11/2023
Team Internet, formerly CentralNic Group, is a diversified UK software company operating through two businesses, Online Presence (internet domain purchasing)…
Increasing semiconductor market exposure
PVA TePla’s: EKF 2023 QuickView | 21/11/2023
PVA TePla’s key competence lies in the very precise handling of vacuum, extreme pressure and temperatures. This is crucial for applications in industrial…
In transition, execution key to upside
PSI Software: EKF 2023 QuickView | 21/11/2023
PSI Software (PSI) develops and integrates process control software solutions for energy grid operators, manufacturing and logistics. PSI operates two…
Innovative electronics for the industry
discoverIE: EKF 2023 QuickView | 21/11/2023
discoverIE is a leading designer and manufacturer of electronic components for industrial applications. Over the last 12 years, the company has broadened…
Pivitol milestone achieved
CI Games: EKF 2023 QuickView | 21/11/2023
CI Games is a leading global video games developer and publisher focused on premium multi-platform titles, with two flagship franchises – the first-person…
Helping the public sector to go digital
cBrain: EKF 2023 QuickView | 21/11/2023
cBrain develops and sells F2, a highly flexible digital platform that can easily be configured to support all government work processes. The F2 digital…
Båda vinstdrivarna levererar solida resultat
CoinShares International | 20/11/2023
CoinShares International (CS) fortsätter sin stabila utveckling under 2023 och redovisade en justerad EBITDA på 9,9 miljoner pund under kvartal…
Impact-oriented SME lender in SEE and EE
ProCredit Holding: EKF 2023 QuickView | 20/11/2023
ProCredit Holding (PCB) is a Germany based group operating regional banks across South Eastern (SEE) and Eastern Europe (EE) and Ecuador. Its focus is…
A german vc and growth equity investor
Heliad: EKF 2023 QuickView | 20/11/2023
Following the merger of Heliad Equity Partners (HEP) with FinLab, the combined entity holds a portfolio of more than 20 innovative, private businesses…
An innovative markets infrastructure provider
Deutsche Börse: EKF 2023 QuickView | 20/11/2023
Deutsche Börse, a German markets infrastructure provider, operates through four divisions: Trading & Clearing, Securities Services, Data & Analytics…
Passing the €1bn insurance premium mark
JDC Group: EKF 2023 QuickView | 20/11/2023
JDC’s key asset is its highly scalable Advisortech insurance platform, which enables private clients to manage insurance portfolios from hundreds…
The trusted relationship bank of Greece
Alpha Bank: EKF 2023 QuickView | 20/11/2023
Alpha Bank is the third largest Greek bank with a presence in Cyprus, Romania, Luxembourg and the United Kingdom. Through its subsidiaries, Alpha Bank…
Expansion initiatives begin to blossom
Smiths News | 20/11/2023
The FY23 results highlight continued growth in adjusted operating profit, management’s tight control of the business and the ongoing annual efficiencies…
Putting net cash to work
Wheaton Precious Metals | 20/11/2023
On 15 November, Wheaton Precious Metals acquired three streams from Ivanhoe’s Platreef project in South Africa, BMC Minerals’ Kudz Ze Kayah…
Confirming FY23 guidance
Tinexta | 20/11/2023
Tinexta’s Q323 results showed continued strong underlying revenue and profit growth in what is typically a relatively small quarter from a revenue…
Shaping up for the future
HELLENiQ ENERGY | 20/11/2023
HELLENiQ ENERGY is a leading southern European refiner. Management is in the middle of a transformation programme that has seen the corporate structure…
Ready to finish strong
Endeavour Mining | 20/11/2023
In the wake of Endeavour’s Q323 results we have updated our FY23 estimates. Endeavour remains on track to achieve its production guidance of 1,060–1,135koz…
Laying foundations for the energy transition
Sif Holding: EKF 2023 QuickView | 20/11/2023
Sif Holding produces parts of offshore wind foundations – mostly monopiles, but also transition pieces for the fast-growing offshore wind market.…
Navigating the road ahead
paragon: EKF 2023 QuickView | 20/11/2023
Following a significant refocusing in recent years, paragon has returned to its core strengths as a supplier of electronic and kinematic content to major…
Top 3 manufacturer of leisure vehicles in Europe
Knaus Tabbert: EKF 2023 QuickView | 20/11/2023
Knaus Tabbert is a top three manufacturer of motorhomes, caravans and camper vans in Europe, with products in the premium and luxury segment. In recent…
NEXT LEVEL 25 targets resilience and growth
GESCO: EKF 2023 QuickView | 20/11/2023
GESCO’s strategy has been to acquire specialist German headquartered engineering businesses to be managed on a decentralised and largely autonomous…
4P strategy set to mitigate sector headwinds
Arctic Paper: EKF 2023 QuickView | 20/11/2023
Arctic Paper is a leading European producer of graphical fine paper, bio-based packaging solutions, high-quality wood pulp, and energy, with a growing…
Fast charging
ADS-TEC Energy: EKF 2023 QuickView | 20/11/2023
ADS-TEC Energy develops, manufactures and markets intelligent, battery storage-based energy platforms which are positioned to play an integral role in…
Key Evenamide readouts on the horizon
Newron Pharmaceuticals: EKF 2023 QuickView | 20/11/2023
Newron is a Swiss Stock Exchange SIX-listed (NWRN) biopharmaceutical company focused on developing novel medicines for diseases of the central nervous…
Harnessing revenue from renewables
ABO Wind: EKF 2023 QuickView | 20/11/2023
ABO Wind is a renewable energy firm in the wind, solar, battery energy storage systems (BESS) and hydrogen sectors. It develops, constructs, operates and…
A unique fund focusing on value and sustainability
BlackRock Sustainable American Income Trust | 20/11/2023
BlackRock Sustainable American Income Trust (BRSA) underwent a strategy change in July 2021, to incorporate explicit ESG objectives into its investment…
Q3 NAV and first sale of divestment programme
Foresight Solar Fund | 17/11/2023
Foresight Solar Fund (FSFL) achieved record cash generation of £87.8m from its underlying assets to 30 September 2023, driven by favourable fixed…
Patience is bitter but the fruit is sweet
Henderson Opportunities Trust | 17/11/2023
Underpinned by attractively low valuations, the investment managers for Henderson Opportunities Trust (HOT) believe that smaller companies will rally strongly…
Increasing trajectory
Melrose Industries | 17/11/2023
The aerospace cycle is in strong recovery mode and Melrose Industries, assisted by the restructuring actions, is taking full advantage at both the top…
A quarter of progress for both lead assets
Immix Biopharma | 17/11/2023
Throughout Q323, Immix shared encouraging updates for the clinical development of lead CAR-T asset NXC-201, including the announcement of orphan drug designation…
Biocontrol plant paves path to commercialisation
Amoeba | 16/11/2023
Thus far, FY23 has marked a year of successful advancement for Amoéba: (1) the development of its biocontrol plant is ongoing, poised to achieve production…
Q323 DPS was fully covered
Triple Point Social Housing REIT | 16/11/2023
With indexed rental growth continuing and rent collection recovering, Triple Point Social Housing REIT’s (SOHO’s) Q323 dividend was fully covered,…
One dentsu initiative set to improve efficiency
Dentsu Group | 16/11/2023
Dentsu’s Q323 trading update describes demanding trading conditions with continuing spending constraint from customers in technology and finance,…
Both profit engines delivering solid results
CoinShares International | 15/11/2023
CoinShares International (CS) maintains its stable development in 2023, posting an adjusted EBITDA of £9.9m in Q323 (£6.4m in Q322). This is…
First commercial order fulfilled – major milestone
Nanoco Group | 15/11/2023
Nanoco’s announcement that it has fulfilled its first commercial order heralds the company’s transition from a development-stage company to…
Synergies and solar delivering growth
Mytilineos | 15/11/2023
Mytilineos (MYTIL) is continuing to deliver on its transformation into a simpler structure based on two pillars, Energy and Metals. Its strategy is focused…
Q323: La Colorada continues to underperform
Pan American Silver | 14/11/2023
Pan American’s Q3 results did not bring any major surprises at the group level, with lower EBITDA of US$159m, down 22% q-o-q, mainly a result of…