reports
Hybridan Small Cap Feast - 12 Sep 23
12th September 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment ob...
Smart Metering Systems: 2 directors
A director at Smart Metering Systems maiden bought 2,717 shares at 736p and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two yea...
Hybridan Small Cap Feast - 06 Jun 23
6th June 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objectiv...
- Liberum Research Team
- Liberum Research Team
- Alex O’Hanlon
- Joe Brent
LIBERUM: Smart Metering Systems - Strong foundations for growth
FY 22 EBITDA of £63.8m was broadly in line with our estimate but FY 22 FD EPS of 15.98p was ahead of our estimate due to lower tax. ILARR increased by 13% from £85.9m FY 21 to £97.1m at FY 22. Net cash (ex. leases) of £39m at H1 22 turned to net debt of £31.2m at FY 22, due to increased capex as expected. We maintain our FY 23 FD EPS estimate as an increase in EBITDA due to strength at Asset Installation is offset by higher interest costs. We increase our FY 23 net debt estimate from £163m to £1...
- Liberum Research Team
- Liberum Research Team
- Alex O’Hanlon
- Joe Brent
LIBERUM: Smart Metering Systems - Delivering on the pipe-line
Trading update guides to EBITDA ‘marginally ahead’ and ILARR increased by 4% from £93.1m at H1 22 to £97.1m at the end of FY 22. We increase our FY 22 FD EPS by 12%, but leave the outer years largely unchanged, noting the strong installations but higher expected interest. Net cash (ex. leases) of £39m at H1 22 turned to net debt of £31m at FY 22, higher than our estimate of £15m due to capex. 1) High level of inflation is a positive driver of ILARR and the increased revenue is a hedge against co...
- Paul Hill
Solid start to FY19
In a trading update ahead of today’s AGM the Board said that revenues had climbed for the 1st 5 months of FY19 (ED est 5%-10% LFL), thanks to a 11.8% rise at PowerConnections, along with a 95% jump in the number of smart home connected devices (Re lighting & heating) vs 12 months ago. 3rd party distribution has been expanded too, with Primaflow F&P, Expert Electrical (Ireland), JTF, Plumb Nation, Renuvo, Box.co.uk and Utilita Energy all selecting the MiHome platform. That said, MiHome’s FY18...
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- Paul Hill
FY19 set for >22% LFL growth & +ve EBIT
Sandal (19 employees) is a specialist developer & supplier of electronic products/solutions for smart home, IoT, energy saving and other applications. With only 42 days left until Thanksgiving and another 33 to Xmas, what is going to be this year’s ‘must-have’ stocking filler? The accolade is typically won by the latest ‘hot’ iPhone, electronic gadget or video game. However for 2018, my guess is it will be the ‘smart speaker’, either the Amazon Echo or Google Home. Why? Well, accor...
- Paul Hill
Upgrading forecasts again
Disruptive technology is turning the world upside down. Look anywhere from online retailing, autonomous vehicles and social media, to big data, augmented reality and artificial intelligence. Life is changing, and fast. Similarly we think Elektron’s Checkit service is set to transform the workplace, simplifying everyday tasks such as cleaning schools, monitoring food safety and testing patient blood samples, whilst simultaneously delivering substantial time/cost savings, along with improving cu...
VEEV VEEVA SYSTEMS INC CLASS A
NOW SERVICENOW INC.
LFUS LITTELFUSE INC.
INTU INTUIT INC.
EMR EMERSON ELECTRIC CO.
ADSK AUTODESK INC.
ACSO ACCESSO TECHNOLOGY GROUP
TIDE CRIMSON TIDE
CKT CHECKIT
IDEA IDEAGEN
PRSM BLUE PRISM GROUP PLC
KETL STRIX GROUP
ROR.L ROTORK PLC
RSW.L RENISHAW PLC
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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