Hybridan Small Cap Feast: 02/04/2025

Our daily digest of news from UK Small Caps @HybridanLLP 2nd April 2025 * 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: Delistings: Yesterday, Learning Te...

On track for FY and quietly confident

Gattaca’s results for the six months to January were encouraging on several levels: productivity improved, costs fell, and the conversion ratio rose. The investment in strategic growth sectors was rewarded, with improving NFI within energy and infrastructure. Despite challenging markets, NFI declined just 3%, outperforming much of the staffing sector as the Group benefitted from the change in strategy and a 71% exposure to contract fees. Growth in adj. EBIT and the conversion rate reflected a ...

Hybridan Small Cap Feast: 27/03/2025

Our daily digest of news from UK Small Caps @HybridanLLP 27th March 2025 * 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: Cmo Group plc (CM...

Benelux Morning Notes

Avantium: Management team change. Belgian telcos: Extra data on Proximus brand mobile plans at no additional cost. Elia: Launch of €1.35bn rights issue and closing of €850m private placement. Randstad: Preliminary preview of 1Q25F results due 23 April. Shell plc: Very solid CMD, attractive outlook for shareholders. Tessenderlo: 2024 in-line with lowered outlook, soft 2025F guidance

Benelux Morning Notes

D'Ieteren: 2H24 beat on Auto, 2025 PBT guidance 2-4% below on fin exp, Auto. Sif Group: All eyes on FY25 EBITDA outlook. Staffing: French staffing - Jan better, Feb outlook indicating further improvement

Benelux Morning Notes

B&S Group: Preview - meeting its guidance. Randstad: Highlights of corporate roadshow. Staffing: US temp volume trend stable but still soft in Feb; upward revisions to Jan/Dec. Vopak: Ahead of its CMD

Friday Take Away: 6 March 2025

Friday Takeaway—delving a little deeper into UK small caps Friday Takeaway from UK Small Caps This will delve a little deeper on individual companies and focus on non-house stocks under £200m market capitalisation to raise awareness 7th March 2025 Alphabetically arranged Share prices and market capitalisations taken from Alpha Terminal from the current price on the day of publication. Top three shareholders are taken from the we...

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/26/2025

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/02/2025

Adecco : Dividend cut to CHF 1.00, numbers OK, cautiously optimistic o...

Staffline (STAF LN) - PeoplePlus disposal and £7.5m share buyback - Co...

Staffline has announced the disposal of its workplace training and employability business, PeoplePlus, for net cash proceeds of up to £6.9m. In our view, PeoplePlus was a non-core asset and this deal simplifies Staffline’s platform, allowing it to focus on the faster-growing and strong performing recruitment businesses across the UK and Ireland. The cash proceeds add to Staffline’s already strong net cash position (£9.7m at 31 December 2024, ex. leases), providing the funds for a new £7.5m share...

Randstad N.V.: 1 director

A director at Randstad N.V. bought 3,900 shares at 38.090EUR and the significance rating of the trade was 76/100. 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 ...

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/21/2025

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 21/02/2025

Randstad : Cost alignment remains key in 2025

Hybridan Small Cap Feast: 13/02/2025

Our daily digest of news from UK Small Caps @HybridanLLP 13th February 2025 * 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: Delistings: Brand Architekts (BA...

A resilient update that stands out from the crowd

The key takeaway from the trading update for H1 ’25 was a solid trading performance, despite a challenging market environment. We remain encouraged by the static guidance at the adj. PBT level of £3m for FY25, highlighting an improvement in operational efficiency, combined with higher average fee rates. Contract NFI declined 1% yoy, with increased summer holidays and a late return to work in January modestly offsetting the growth in contractor numbers and higher salaries. Although permanent NFI...

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/12/2025

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 12/02/2025

Benelux Morning Notes

ABN AMRO: Strong results ex one-off, capital, cautious outlook. Ahold Delhaize: FY25F outlook calls for consensus downgrade. DEME Group: Preview - FCF machine. Heineken: Nothing missing. Kinepolis: Canadian peer Cineplex 4Q24 results and Jan 2025 box office revenue. Montea: Good results, guidance reiterated, focus on 2025 investments. Randstad: 4Q24 results beat 3% but key drivers miss, 1Q25 outlook disappoints. Var Energi: Raising outlook and dividend