reports
Hybridan Small Cap Feast - 7 October 2024
* A corporate client of Hybridan LLP ** Potential means Intention to Float (ITF) has been announced, or it is a rumour ***Arranged by type of listing and date of announcement ****Alphabetically arranged Share prices and market capitalisations taken from the current price on the day of publication Dish of the day Admissions: None Delistings: None What’s baking in the oven? ITF announced:*** Potential** Initial Public Offerings: 30th September 2024: Applied Nutrition, the sports nutrition, health ...
- John Cummins
Solid State (SOLI LN) - Accretive components acquisition
Solid State is a specialist value added component supplier and design-in manufacturer of computing, power and communications products. This morning, the group has announced the acquisition of Gateway Electronic Components, a UK-based manufacturer and distributor of ferrite and magnetic components, for initial consideration of £1.4m. With the acquisition bringing Gateway’s complementary portfolio of own-brand and franchised components onto SOLI’s existing distribution platform, and the acquisitio...
Hybridan Small Cap Feast - 30 September 2024
30th September 2024 A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: None Delistings: Libertine Holdings (LIB.L) has delisted from AIM What’s baking in the oven? Potential**** Initial Public Offerings: ITF announced: 18th September 2024: GenIP aims to list on the AIM market on 2 October 2024. It is targeting to raise...
Hybridan Small Cap Feast - 16 September 2024
16th September 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: None Delistings: Vector Capital (VCAP.L) has delisted from AIM What’s baking in the oven? Our daily digest of news from UK Small Caps If you would like to unsubscribe, please email with “unsubscribe me”. Hybridan Chefs Banquet Buffet*** Acuity...
- Richard Williamson
Checkit - Contract expansions drive order intake
In H125, Checkit reported year-on-year growth in annual recurring revenue (ARR) of 9%, with strong order intake partially offset by higher churn. Existing customers contributed more than half of ARR growth, evidence of the land and expand strategy at work. The company maintains its short- and medium-term outlook, including its target to reach EBITDA break-even in FY27, with the narrowing H125 EBITDA loss confirming progress towards this. We maintain our ARR, revenue and EBITDA forecasts and redu...
- Bob Liao
- Carl Smith
CyanConnode (CYAN LN)
After receiving a Letter of Award (LOA) for its largest order to date, CyanConnode has raised £5.4m (gross) at a premium to fund working capital and product development. The LOA for 6.5m Omnimesh Modules is multiples bigger than its next largest order to date (1m units). Deliveries are expected to begin in H2 2024 with shipments ramping further in FY26. The order is expected to significantly increase the company’s scale and profitability. We expect increased buying power and significant operatin...
Hybridan Small Cap Feast - 9 September 2024
9th September 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: None Delistings: None What’s baking in the oven? Our daily digest of news from UK Small Caps If you would like to unsubscribe, please email with “unsubscribe me”. Hybridan Chefs Banquet Buffet*** Brave Bison Group 2.5p £32.3m (BBSN.L) The digit...
- Bob Liao
Audio Note: CyanConnode - Largest LOA, by far
In this audio note, Zeus’ Bob Liao summarises the investment case for CyanConnode. CyanConnode has received a Letter of Award (LOA) for its largest order to date. The contract is for 6.5m units, multiples bigger than its previously largest order of 1m units.
- Bob Liao
- Carl Smith
CyanConnode (CYAN LN) - Largest LOA, by far
CyanConnode has received a Letter of Award (LOA) for its largest order to date. The contract is for 6.5m units, multiples bigger than its previously largest order of 1m units. The LOA increases its order backlog from 3.4m to 9.9m and it now fully covers our forecast for 84% revenue growth in FY25. The large LOA increases the company’s buying power and economies of scale. In addition, CyanConnode has secured favourable payment terms to help finance deliveries.
Hybridan Small Cap Feast - 8 August 2024
8th August 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: Delistings: What’s baking in the oven? ** Our daily digest of news from UK Small Caps If you would like to unsubscribe, please email with “unsubscribe me”. Hybridan Chefs Banquet Buffet*** Celebrus Technologies 280p £110.4m (CLBS.L) The data solut...
- Bob Liao
Zeus UK smallcap technology sector update
As concerns grow over the rapid pace of economic slowdown, we identify subsectors and stocks in the Zeus UK smallcap technology index that should be more resilient to a potential downturn. We highlight Big Technologies, Intercede and CyanConnode. The median stock in the Zeus UK smallcap technology index rose 2% over the month. The median sector valuation multiples rose slightly to 11.7x EBITDA, 16.3x EBIT and 24.0x EPS 2024, whilst median revenue, EBITDA, EBIT and EPS growth rates were 8.6%, 8.1...
- Bob Liao
- Carl Smith
CyanConnode (CYAN LN) - FY24: Profitability expected in FY25
Revenue was well above our estimates, as previously flagged in the company’s April trading update, with a YoY growth of 60%. However, gross profit was 14% below our expectations due to a higher mix of third-party hardware sales and temporarily higher component costs attributed to an end-of-life product. Expenses were higher than we expected due to investments in hardware and software development to meet the company’s expanding backlog. As a result, the Adjusted EBITDA loss increased to £2.75m, l...
Hybridan Small Cap Feast - 17 July 2024
17th July 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: None Delistings: FireAngel Safety Technology (FA.L) has left AIM. What’s baking in the oven? ** Potential**** Initial Public Offerings: ITF announced: 8th July 2024: Rome Resources: The Canada-based early-stage resource exploration Company has announce...
Hybridan Small Cap Feast - 15 July 24
15th July 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: None Delistings: Superdry (SDRY.L) has left the Premium Segment of the Main Market. What’s baking in the oven? ** Potential**** Initial Public Offerings: ITF announced: 8th July 2024: Rome Resources: The Canada-based early-stage resource exploration Co...
Solid State : 3 directors
Three Directors at Solid State bought/sold 65,699 shares at between 1,420p and 1,430p. The significance rating of the trade was 67/100. 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 ...
- Toby Thorrington
Solid State - Record FY24; medium-term targets retained
Solid State is developing from a component manufacturer into a value-added electronics partner offering engineered solutions. Management expects this to drive additional growth and margin expansion, particularly in target markets, such as healthcare and defence, underpinning management’s objective for a c 20% CAGR in shareholder returns to 2030.
- Emily Liu
Hybridan Small Cap Feast 9 July 2024
What’s baking in the oven? ** Potential**** Initial Public Offerings: ITF announced: 8th July 2024: Rome Resources: The Canada-based early-stage resource exploration Company has announced its intention to IPO on AIM in order to continue to make financial progress on its “Bisie North Tin Project”. The Company’s first day of trading on AIM is expected to be 26th July 2024. The Primary Offer expected size is approximately £4.0m. 24th June 2024: Rosebank Industries: The Company aims to repeat the su...
- Emily Liu
Hybridan Small Cap Feast 8 July 2024
8th July 2024 @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...
- Richard Williamson
Checkit - No intention to bid for Crimson Tide
On 26 June, Checkit announced that it did not intend to make a formal bid for Crimson Tide. Since Checkit’s original and revised all-equity proposals, another bidder, Ideagen, has expressed an intention to make an all-cash bid at a significantly higher price. Checkit will now refocus on organic growth and working towards profitability. Separately, an input VAT dispute with HMRC has concluded in Checkit’s favour, removing the related contingent liability.
Hybridan Small Cap Feast - 27 June 2024
27th June 2024 * A corporate client of Hybridan LLP ** Arranged by type of listing and date of announcement *** Alphabetically arranged **** Potential means Intention to Float (ITF) has been announced, or it is a rumour Dish of the day Admissions: Mustang Energy (MUST.L) has rejoined the Standard Segment of the Main Market, after the reverse takeover by Cykel AI. Cykel AI was previously listed on the Aquis Stock Exchange. Delistings: What’s baking in the oven? ** Potential**** Initial Public Off...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.