Debt-Free Reset: Proposed sale of Billi

The proposed disposal of Billi, conditional on shareholder approval, is transformational for the Group. Ahead of any movement in capital allocation, net cash would amount to c£37m on the repayment of all indebtedness. The net consideration of £107m equates to 45p/share, representing a premium to the current share price. Accordingly, we estimate the retained operating business is currently trading on EV/Sales and EV/EBITDA multiples of less than 0.7x and 3x-4x, respectively. Strix Group has rece...

Strix (KETL LN) - Sale of Billi for £110m - Corporate

Strix has this morning announced the proposed disposal of Billi for £110.0m, marking the conclusion of an exceptional investment for the group since acquisition in November 2022. Initially funded through a £13m equity placing and an amortising loan, which has now been repaid, the investment has generated a significant increase in value over the £38m acquisition price. Following the disposal, which remains contingent on shareholder approval, net cash proceeds of £107m are expected, subject to com...

InsiderInsights.com Daily Ratings Report: December 18, 2025

InsiderInsights Ratings of Companies with Open-Market Form 4 Purchases; Sales Filed at the SEC on the date above. We separate the real investment intelligence from the noise. Saving you time, and improving your research process

Salesforce Inc: 1 director

A director at Salesforce Inc bought 1,936 shares at 258.638USD and the significance rating of the trade was 70/100. 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 years clearl...

Bible 3Q25 – Enterprise IT: Legacy and SaaS growth stable, Cloud servi...

Today, we are publishing the Enterprise IT section of our 29th Tech Infrastructure Quarterly Bible. The Tech Bible is a must-read for any tech investor, as it summarizes the quarterly earnings reports from the over 140 companies we track, providing an update on our key perspectives and convictions. Legacy IT spending is stabilizing after a strong 2H24, while public-cloud growth accelerates on broad-based strength across AI and traditional workloads. SaaS revenue growth remains in the low-teens ...

InsiderInsights.com Daily Ratings Report: December 13, 2025

InsiderInsights Ratings of Companies with Open-Market Form 4 Purchases; Sales Filed at the SEC on the date above. We separate the real investment intelligence from the noise. Saving you time, and improving your research process

Servicenow Inc: 1 director

A director at Servicenow Inc sold 415 shares at 850.000USD and the significance rating of the trade was 50/100. 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 years clearly sh...

InsiderInsights.com Daily Ratings Report: December 8, 2025

InsiderInsights Ratings of Companies with Open-Market Form 4 Purchases; Sales Filed at the SEC on the date above. We separate the real investment intelligence from the noise. Saving you time, and improving your research process

Wedbush Morning Call - Dec 04 2025 6:58AM

Good Results with 4Q Revenue Above Street; Need to Continue on Path Fo...

A Closer Look at FY3Q26 (October) ResultsRevenueTotal revenue of $10.26 billion (up 9% y/y and 8% y/y in CC) was in line with both the company’s guidance range for revenue between $10.24 billion and $10.29 billion and the Street’s $10.27 billion estimate driven by Agentforce, Data 360, and Agentfor

Hybridan Small Cap Feast: 26 November 2025

26th November 2025 @HybridanLLP * A corporate client of Hybridan LLP. ** Potential means Intention to Float (ITF) or similar announcement has been made. ***Arranged by type of listing and date of announcement. ****Alphabetically arranged and priced on Share Price and Market Capitalisation during the time of writing on the day of Publication. Dish of the Day Admissions: None Delistings: None What’s baking in the oven? Potential*...

Strix (KETL LN) - Controls trading remains challenging - Corporate

Billi and the Consumer division continue to trade well with the stabilisation seen in Controls during Q3 seeing early signs of improvement in Q4. However, weakness persists, and our forecasts carried an element of assumed recovery into next year. This leads us to reduce revenue for FY26 by 2% to £165.5m resulting in a reduction of 10% in PBT to £14.9m (prev. £16.5m). New numbers still assume a recovery builds through Q1, but the quantum is lower post the reduction in revenue. The reduction in FY...

Strix Group - Is change afoot?

The trading update for the six months to September covers three areas: trading, indebtedness and the Board. With Billi and Consumer goods performing to plan, the Controls division remains the outlier, reflecting a slower than hoped for recovery in its markets. We have reduced estimates as a result, with adj. PBT / EPS declining by 9.7%. With declining profitability, the net debt/EBITDA covenant ratio has risen to 2.5x, albeit this remains below the leverage ceiling, and the Group has introduced...

Nvidia 3FQ26 preview: strong setup into the print and entering 2026

Nvidia will report earnings this week, here is our preview and expectations with the print.

Cloud growth, AI capex, Nvidia Guide, Memory, Auto Semi Cycle and more...

As always, during earnings season, we wrap-up what happened in the previous week. For our main takes summarized on a single slide, and a few words on each of the names we followed last week, follow the link below.

Nvidia revenues to exceed consensus by at least 30% next year; raising...

With comments made at GTC Washington earlier this week, follow up conversations with the company and the tsunami of raises in capex outlook last night, we confidently step up our forecast for Nvidia. Follow the link for details summarized on a single slide.

Wedbush Morning Call - Oct 16 2025 6:55AM

Summary of Dreamforce Investor Session; Need to Execute on Agentic Pat...

Salesforce, Inc.: Key facts and statistics - LTM July 2025

A summary company profile, detailing Salesforce, Inc.’s business operations and financial highlights.

Audio Note: Strix - H1 results

In this audio note, Zeus’ Andy Hanson summarises the investment case for Strix. Billi and Consumer Goods showed good top line progress over the course of H1-25. Billi confirmed double digit growth has continued with revenue of +10.4%(ccy).