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Companies: Frontier Developments Plc
IG Design Group’s interim results reflect a challenging trading period despite strong underlying demand. Group revenue rose by 11% year on year (yoy) but was below group expectations due to global supply chain disruptions. Compounded by strong cost headwinds and inflationary pressures, this has had an adverse impact on profitability, notwithstanding the group’s strong cost control and cash management. The group is actively mitigating these pressures in conjunction with its customers. Customer se
Companies: IG Design Group plc
Victoria has reported record first half results that capture the benefits of strong consumer demand, operational efficiencies and acquisitions that provide on-going opportunities for additional synergies. There is a compelling organic and inorganic investment case that supports our expectation of share price outperformance. We introduce a PT of 1325p.
Companies: Victoria PLC
Games Workshop’s (GAW’s) trading update indicates sales growth for Q122 (three months to 29 August 2021) is in line with management expectations. Management has highlighted pressure on freight costs and currency exchange rates given GAW’s high international exposure. The declared dividend of 25p per share brings the year-to-date total to 65p. Our forecasts for FY22 and FY23 are unchanged. Our DCF-based valuation remains £129 per share.
Companies: Games Workshop Group PLC
Transense Technologies plc, the developer, manufacturer and licensor of sensor technology and equipment, has reported full-year results in line with our forecasts (upgraded in February 2021) with a positive EBITDA and profit after tax. Net cash was in line at c.£1m but did not include iTrack royalties for Q4 end July. We are optimistic that progress will continue in each of the Company’s three divisions and have upgraded revenue and gross profit expectations for 2022 and 2023. This additional in
Companies: Transense Technologies PLC
Petershill Partners (PHLL.L), has joined the Main Market (Premium), a leading investment group providing bespoke capital and strategic solutions to some of the world's best performing alternative asset management firms. Petershill Partners today comprises minority investments in 19 high-quality Partner-firms, previously held in private funds managed by Goldman Sachs Asset Management (GSAM). The Partner-firms have US$187 bn of aggregated assets under management. The Offer would comprise (
Companies: ABDP EKF HMI JSE SML
Lululemon Athletica delivered a robust performance in the second quarter, with revenue growing over 60% compared to the previous year. It managed to deliver a positive growth in e-commerce, which is even more impressive given the strong performance one year ago. The management continues to deliver across all major categories and geographies. Lululemon saw the revenues increase 43% in their international markets and up 26% in North America, both on a two-year CAGR basis indicating a strong global
Companies: LULULEMON ATHLETICA (LULU:NYSE)Lululemon Athletica Inc (LULU:NAS)
Companies: Science In Sport Plc
As flagged in its July trading update, Trackwise Designs’ H121 group revenues increased by 71% y-o-y to £4.1m, reflecting the acquisition of Stevenage Circuits in March 2020 and a doubling of IHT revenues, while adjusted EBITDA quadrupled to £0.5m. Management notes the group remains on track to meet market FY21 expectations despite supply chain disruption, so we leave our FY21 and FY22 estimates broadly unchanged.
Companies: Trackwise Designs Plc
Results for H1 FY22 reflect a consolidation of significant market share gains achieved over the past two years with Group revenue +73% versus H1 FY20. Near term impact on profitability resulting from COVID-driven distribution cost inflation, as well as key investment in building out the Group’s multi-brand proposition should not detract from the longer-term growth potential of the Group’s platform. A PE of 25.5x falling to 18.5x is at odds with the significant market opportunity that exists as m
Companies: boohoo group Plc
Shoe Zone’s accelerated digital strategy and defined store rationalisation programme, alongside decisive action on cost control and cash preservation, means the Group is emerging from the pandemic as a leaner, stronger and more resilient business. Robust cash generation means we expect the Group to be debt free and able to reinstate its dividend in the current year.
Companies: Shoe Zone PLC
LVMH has published a reassuring Q3 21. The overall growth was in line with expectations, highlighting that the F&L division has beaten consensus again. However, growth in W&J division was a little disappointing, mainly due to the temporary slowdown at Bvlgari in Asia.
The US and Asia continued to report double-digit growth, and the group is confident for now that the positive dynamic will continue.
LVMH isn’t exposed to sourcing shortages, even if it will need to absorb higher freight costs.
Companies: LVMH Moet Hennessy Louis Vuitton (MC:EPA)LVMH Moet Hennessy Louis Vuitton SE (MC:PAR)
Solid State is a manufacturer of computing, power and communications products, and value added supplier of electronic components. This morning, the group has released a robust update covering the six-month period to 30 September 2021, with the Willow and Active Silicon acquisitions performing ahead of management expectations. The order book as at the end of September stood at a record level of £61.5m, an increase of 48% since the beginning of the financial year and leading to the Board's confide
Companies: Solid State plc