reports
Hybridan Small Cap Feast - 4 November 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 Delistings on Friday 1 Nov. I3 Energy Plc (I3E.L) delisted from the AIM market. Boussard & Gavaudan Holding Limited (BGHL.L) delisted from the Main mark...
- Emily Liu
Hybridan Small Cap Feast 11-June-2024
10th June 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 objecti...
- Colin Smith
Vianet Group: FY24 results promise further momentum
Vianet reported FY24 results in line with our upgraded estimates confirming the good momentum in the business despite the headwinds experienced in the year, notably the delay in customers finalising 3G switch-off plans. Strong operating free cash flow generation together with the benefit of a £0.9m tax receipt, resulted in a more than halving in net debt and we forecast the group to be in a net cash position by the end of FY25. That also enabled a 50% increase in the final dividend to 0.75p and ...
Hybridan Small Cap Feast - 25 April 2024
25th April 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 Dish of the day Admissions: Delistings: Smart Metering Systems (SMS.L) has delisted from the AIM market What’s baking in the oven? ** Potential**** Initial Public Offerings: Reverse Takeovers: 16 April 2024: Electric Guitar (ELEG.L) Concurrent with its Admission to trading on AIM, Electric Guitar ...
- Colin Smith
Vianet Group: FY24 trading update, strategic contract win
Vianet has published a positive trading update for FY24 with turnover up 7.6% to £15.18m, a 3.5 percentage point increase in gross margin YoY, and adjusted EBITA ahead of market expectations. Net debt continues to fall and closed FY24 at £1.52m (£2.1m at 30 September 2023), demonstrating strong free cash flow generation, even without the benefit of the £0.9m tax receipt received in 1H24, which augers well for a final dividend. The company reported a new contract with Wilcomatic Wash Systems, the...
- Colin Smith
Vianet Group - 1HFY24 results - As expected, 2HFY24 stronger
Vianet has published interim results to 30 September, reporting adjusted pre-tax profit of £29k (1HFY23 loss of £107k), excluding BMI post-acquisition costs. The results were in line with management's expectations while guidance that the results are on track to meet expectations for the full year was reiterated. That implies a stronger 2HFY24, aided by further contract wins and a pick up in business, particularly as the switch over from 3G to 4G gathers pace. The balance sheet was strengthened w...
Vianet Group: 1 director
A director at Vianet Group bought 75,000 shares at 71p and the significance rating of the trade was 52/100. 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 showin...
- Colin Smith
Vianet Group - 1HFY24 trading update - positive outlook
Vianet has issued a trading statement ahead of publication of the 1H24 results scheduled for 12 December. Revenue for the half was £7.19m with an increase in recurring revenue to 87% and a jump in gross margin to 69%. Vianet was profitable in the half, excluding £0.2m in support for the recently acquired Beverage Metrics business in the US. The results were in line with management's expectations and are expected to pick up significantly in 2H24 as a result of new contract wins, and an accelerati...
- Colin Smith
Vianet Group - FY23 Results
Vianet has published results for the year to March 2023, confirming the strong performance flagged in the trading statement issued in May. Revenue increased 6.8% YoY to £14.1m, earning a gross margin of 66.4% and generating adjusted operating profit of £3.1m, up 31.4% YoY. Cash conversion was strong at 102.8% of EBITDA, returning to pre-pandemic levels. Management characterised the performance as a year of gathering momentum with strong prospects which was underscored by the reinstatement of the...
- Colin Smith
Vianet Group - Acquisition of Beverage Metrics Inc.
Vianet has acquired the operations of Beverage Metrics Inc (BMI), a Denver based provider of inventory software solutions to the US hospitality sector. The initial consideration is £578k to be satisfied in shares issued at a 15% premium to the close, with additional deferred consideration dependent on performance. The combination of Vianet's SmartDraught draft beer management solution with BMI's inventory platform provides a comprehensive one stop drinks management solution and is also expected ...
- Colin Smith
Vianet Group - FY23 Trading Statement
Vianet has published a positive trading statement for the year to March 2023 with turnover expected to be above £14m, up c7% YoY, earning a gross margin of over 65%, despite cost pressures, generating adjusted operating profit up 30% YoY to £3.1m, ahead of market expectations. Cash generation pre working capital is expected to be around £3.5m, over 100% of EBITDA and returning the group to pre-Covid levels of cash conversion. Guidance for adjusted operating profit is well ahead of our forecast w...
- Oliver Juggins
Vianet Group - Initiation - December 2022
We have today initiated on an exciting, market leading business with >85% recurring revenues from blue chip customers, >90% cash conversion, multiple growth opportunities, and net debt that we estimate will fall well below 1x EBITDA in the next 2 years. Vianet uses connected devices to collect and analyse data from pubs/leisure venues and “unattended retail” assets such as snack & can and coffee vending machines. This data is used to provide insights into potential operating efficiencies, waste...
- 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...
ALRM ALARM.COM HOLDINGS INC.
SOLI SOLID STATE
CNC CONCURRENT TECHNOLOGIES PLC
SNX SYNECTICS
LPA LPA GROUP PLC
FA. FIREANGEL SAFETY TECHNOLOGY GROUP PLC
IND INDIGOVISION GROUP
TCM TELIT COMMUNICATIONS S.P.A.
CKT CHECKIT
VNET VIANET GROUP
MHO M/I HOMES
DSCV.L INC.
CYAN DISCOVERIE GROUP PLC
SONO CYANCONNODE HOLDINGS
TTG.L SONOS
ARLO TT ELECTRONICS PLC
REZI ARLO TECHNOLOGIES
1810 RESIDEO TECHNOLOGIES
HIVE INC.
ECM.L XIAOMI CORPORATION
HIVE BLOCKCHAIN TECHNOLOGIES LTD.
ELECTROCOMPONENTS PLC
- 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
Riding the wave of ‘Home Automation’
Sandal is a specialist developer & supplier of electronic products/solutions for smart home, IoT, energy saving and other applications. It joined NEX in March ’15 and operates 3 divisions: MiHome offers Smart Home devices and associated software solutions to remotely control heating, lighting, power and other internet enabled appliances; PowerConnections sells a range of patented electricity/converter plugs, line-cords, extension leads, cordsets and adaptors; Energenie is a leading supplier o...
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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