Update: Appointments and raise should take to next level

After the approval of the field development plan in April 2015, Madagascar Oil (MOIL) can start the development stages of the massive 1.7bn OIP Tsimiroro field. Further approvals (such as the recent EIA submission) and milestones need to be negotiated, but pilot results indicating commerciality of the resource mean that a staged development can start. A development of this size is too big for MOIL to fund independently, and it has appointed Jefferies to seek possible partners. Given the size of the resource, we would expect interest from many parties. Importantly, MOIL can now leverage the kno...

Institutional Comment: Daily comment

Manx Financial Group - Termination of coverage

Edison Investment Research is terminating coverage on Manx Financial Group (MFX). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. Previously published reports can still be accessed via our website.

musicMagpie - Termination of coverage

Edison Investment Research is terminating coverage on musicMagpie (MMAG). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. Previously published reports can still be accessed via our website.

Topps Tiles - Accelerating growth through Q125

Topps Tiles (TPT) is enjoying a return to revenue growth following a very challenging FY24 due to wider macroeconomic weakness. The company’s recovery is clearly being boosted by new revenue streams from its self-help initiatives, notably from trade and online customers across all of its brands. While the macroeconomic environment remains uncertain, it is pleasing that the strategy is supporting growth. The valuation continues to look compelling, even with limited macroeconomic recovery included in management’s long-term financial goals. With the Q125 trading update, the CEO has announced his ...