Equity Development enables companies to become better understood and supported by investors. Since our launch in 1996 we have consistently focused on helping our clients improve their communication and relationships with both existing and potential shareholders. Our clients have come from a wide variety of sectors and domiciles, are both private and quoted and range in size from micro-cap to $multi-billions. We offer free access to company research notes written by experienced analysts. These notes include detailed forecasts, financial models and a fair value. We host regular Private Investor Forums at which investors have the opportunity to hear company directors present, and to ask questions. These are free to attend. We broadcast live Webinars with company management that include active Q&A. We also make the recordings available online. We arrange face to face meetings between private investors and company management. We are active users of Twitter, commenting daily on company news, share price moves, Directors’ Dealings, Equity Development Research Notes & Events.
BUSINESS ACCOUNT
Sign up for a business account to:
-
Access reports individually or via Subscription
-
Receive monthly invoices with payment via CSA or hard dollars
Get access to other exclusive features
-
Analyst access
-
Free Trial Subscriptions
-
Team account with shared subscriptions
-
Advanced analytics to track research consumption and performance
Mike Jeremy
- Mike Jeremy
Acquisition of household cleaning brand 1001®
Supreme has announced the acquisition of the carpet care products brand 1001 for a fixed consideration of £1.65m (of which £0.35m is deferred) from US-based WD-40 Company. 1001 reported current revenue of £4.5m, having recorded peak turnover of £8.0m. The acquisition is expected to be immediately earnings-accretive and maintains the pace of product diversification and enhancement of the range of offerings within its household goods range, further counterbalancing the contribution from vaping pro...
Toby Thorrington
- Toby Thorrington
Clear strategic momentum in evidence
High profile order shipments were a significant influence on H1’25 performance against the prior year – positive for OCTG, adverse for Subsea – driving overall profitability ahead y-o-y. Portfolio actions, including two acquisitions in higher margin, higher growth subsectors, will bring further benefit to future earnings. Hunting’s net cash position retains balance sheet optionality for its capital allocation policy which balances growth aspirations with shareholder returns. At group level, Hun...
Chris Wickham
- Chris Wickham
Promoting top talent to accelerate sales growth
Ultimate Products plc today announces five key promotions which will invigorate its senior management team. The announcement is consistent with the company’s stated desire to to improve its sales function, helping it fulfil its ambition to accelerate top line growth. In our view, an enhanced management structure, which incorporates a much-bolstered C-suite, should be a catalyst for further success. We maintain our fair value for UP’s shares at 165p. Arguments in favour of a much higher rating t...
Paul Bryant
- Paul Bryant
Financial & strategic progress, confidence for H2
CAB delivered a solid financial performance in H125 (to 30 Jun), with our FY25 forecasts (and beyond) unchanged. This performance was despite unfavourable market conditions, driven by US tariff and trade policy which depressed cross border flows and increased currency volatility, and the cutback in USAID payments which reduced development aid flows. H125 was a period where huge progress was made in laying the foundations for a return to strong growth (see pages 2 & 3). Network and client number...
Chris Wickham
- Chris Wickham
Premier brands retain growth momentum
Ultimate Products plc issued a FY2025 pre-close trading update which confirmed market expectations of a 3.4% sales decline in the period and £12.5m EBITDA. However, the company’s owned and licensed brands combined recorded a resilient 5.7% increase, while net debt at £14.1m and 1.1x EBITDA was close to the stated 1.0x target. The company is also reviewing its listing venue with a potential move to AIM. We retain our 165p fair value target, with emphasis on the embedded value of its two largest...
Energy from Hydrogen: Making a cleaner world
The global supply / demand picture for hydrogen is rapidly evolving as the world shifts toward cleaner energy solutions. Hydrogen is viewed as a critical component of this transition. The International Renewable Energy Agency (IRENA) states that the global production of hydrogen now stands at 75 Mt/yr of pure hydrogen, with an additional 45 Mt/yr as a mix of gases. Looking forward, the International Energy Agency (IEA) estimates that already announced projects could increase production by 50%...