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...
In the latest bid to revitalise the UK’s IPO pipeline, the Government has reaffirmed its commitment to the creation of an 'an innovative new stock market' coined the Private Intermittent Securities and Capital Exchange System or PISCES for short. PISCES plans to operate as a regulated platform for the intermittent trading of private company shares. It will kick off with a five-year stint in the “FCA sandbox” which allows the Government to modify the platform or disapply certain parts of the l...
Our daily digest of news from UK Small Caps @HybridanLLP 24th 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: Argo Group (ARG...
Interims results from Croma this morning illustrate a solid period of trading, with 8% revenue growth driven both by organic and acquisition-led expansion, leading to 26% growth at the PBT level YoY. Following the company’s divestment of Vigilant in 2023, proceeds of ca. £4m received to date contributed to a strong net cash position of £4.2m at the period end, with £2.5m of deferred payments remaining due, supporting the company’s ongoing retail locksmiths rollup strategy. On this score, we view...
* 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: On Friday 31st January, Cardiogeni (AQSE: CGNI) announced its IPO onto AQSE. The Group’s platform technology is developing a new class of life-saving cellular...
Croma Security’s (CSSG) announcement this morning that it has acquired Meridian Services System Ltd (Meridian) provides further affirmation of its acquisition strategy, following the disposal of its former subsidiary Vigilant for £6.5m in 2023. CSSG provides security services and products to businesses and individuals while also being a UK market leader in the fragmented UK locksmith market. Meridian is located close to CSSG’s Bury plant in the North of England and extends the company’s footprin...
Admissions: None Delistings: Britvic (BVIC.L) has left the Main Market following its takeover by Carlsberg. Potential** Initial Public Offerings: Cardiogeni PLC has announced its intention to IPO on the AQSE Growth Market. The Group’s platform technology is developing a new class of life-saving cellular medicines that enables the creation of unique (living) cells that are engineered with a therapeutic function. The Group’s lead product, CLXR-001, is a patented engineered cellular medicine to tre...
Today’s H1 update from CSSG reflects good performance from the two sides of the business, with new orders continuing to build and revenues ahead by a healthy 8% YoY. CSSG is a UK market leader in the fragmented UK locksmiths market while also providing security services and products. Net cash of £4.1m at the half year reflects cash generation and success in receiving Vigilant proceeds, with £2.4m more of these to come over the next eighteen months. This positions CSSG strongly as it continues to...
* 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: Greatland Gold (AIM:GGP) announced on 10 September 2024 that it had entered into a binding agreement with certain Newmont Corporation subsidiaries to acquire Newmont's 70% ow...
COG- Brain Expansion CSSG- Secure Brand INHC- Doctors Orders Cambridge Cognition 29p £12.1m (COG.L) Source: Alpha Terminal This neuroscience digital technology provider for academic research and drug development, is improving its own wellbeing. Particularly, since raising £2.6m at 40p, in May 24, in which most of the Directors took part and taking cash to around £3.4m. After a testing 2023 the consequent actions show progress in the interims to June 2024. The gross margin increased to 81% (79%) ...
In this audio note, Zeus’ Nick Spoliar summarises the investment case for Croma Security Solutions Group. CSSG’s FY24 results this week show good progress on the prior year with double digit growth in EBITDA and a big jump in PBT. CSSG is a UK market leader in the fragmented UK locksmiths market while also providing security services and products.
* 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...
CSSG’s FY24 results this morning show good progress on the prior year with double digit growth in EBITDA and a big jump in PBT. CSSG is a UK market leader in the fragmented UK locksmiths market while also providing security services and products. With £3.6m received so far on the back of the 2023 Vigilant sale and forecast net cash of £5.1m at the year end, CSSG is exceptionally well positioned to follow through on its plan to consolidate the UK market in its sector and we expect 3-5 acquisition...
This morning’s update from CSSG highlights positive trading in FY24E (year to June) together with a healthy cash position following the payment earlier this month of a £1.76m tranche in respect of the Vigilant disposal. CSSG has leading market positions and is increasingly a national player in the fragmented UK locksmiths market / security services / products. Having disposed of its former low-margin manned guarding business for a good price, the company has a real opportunity in our view to mo...
3rd April 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...
8th January 2024 Happy New Year to all our Readers! @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 regar...
7th November 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 obje...
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...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
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