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Based on the commentary related to AFC Energy's interim results, we anticipate further near-term momentum growth from the company. Most importantly, AFC Energy has indicated that it has a current book of 50 qualified fuel cell deployment enquiries – the majority of which represent multiple order potential. From that book the company anticipates announcing further system deployments in the second half of the year. We highlight that AFC Energy's interim results for the six months ended 30 April 20
Companies: AFC Energy plc
The Group has reported excellent progress in FY2021, despite Covid disruption, delivering adj. operating profit growth of 35.8%, some 5% ahead of that indicated in April’s trading update. The business has benefited from its diverse and resilient sector exposures, alongside exposure to a number of growth markets that include data centres and EV charge cables where revenue growth was 38% and 193% respectively. The business is well positioned into FY2022 with strong trading noted in the first 2 mon
Companies: Volex plc
Successful completion of the first commercial flight using Velocys sustainable aviation fuel is clearly an important milestone for the company. We also think it shows that the collaboration agreement deal with Toyo Engineering is progressing, vindicating the company’s low capital licencing model, and opening the way to commercial revenues.
Companies: Velocys plc
Companies: Staffline Group plc
Trading has continued to be strong through H1. In our AGM trading update research note on 8 June we reported that all three divisions – Freight Forwarding, Warehousing & Logistics and Transport Solutions – were back on a growth path, and risks to guidance were on the upside. In an ad-hoc update issued today, management has confirmed healthy trading and upgraded guidance for 2021e. We understand that Freight Forwarding and Warehousing & Logistics divisions are continuing to trade well and benefit
Companies: Xpediator Plc
Construction and engineering services company nmcn has today announced the details of its previously reported intention to refinance the Group, which had been hit by trading- and pandemic-hit losses. A total of £24m of equity and convertible bridging finance has been conditionally agreed with UK restructuring specialist Svella and other investors, while existing shareholders can participate through an additional £5m open offer - all priced at 20p per share. The Group’s existing bank, Lloyds, has
Companies: nmcn plc
The declaration of the interim dividend, albeit modest, is the next step in the recovery of Smiths News as it signals that not only was trading at the interim stage in line with management expectations, but also that the company is on track to meet market expectations for the full year. Trading beyond the current year also has good visibility given that most of its contracts are in place until at least 2024. Debt is expected to fall to 1.0x EBITDA by the end of FY23, and dividends are well cover
Companies: Smiths News PLC
OPG shares have been soft of late, reflecting concerns over the COVID-19 situation in India, where the company’s key power plant is based in the industrial city of Chennai. Today’s update is therefore reassuring, both for the fiscal year just completed and given commentary that the current lockdown appears to be having a more limited impact than the prior one in calendar 2020. From an investment perspective, cash generation remains key as the deleveraging should continue to shift value from the
Companies: OPG Power Ventures Plc
Directa Plus has released a positive AGM update this morning. Following the very strong start to the year, trading remains in line with expectations at the half year point. Environmental has been a key driver of recent progress and is now seeing some benefit from the higher oil price (increasing demand for remediation/oil reclamation). The emerging Batteries vertical is also continuing to make good progress under the partnership with NexTech. We make no changes to forecasts this morning and rema
Companies: Directa Plus Plc
Powerhouse’s arrangement to appoint an existing key consultant as a part time CTO, brings an existing external resource closer to the company and should help to facilitate delivery of the first commercial scale DMG plant at the Protos site in Cheshire. It also provides continuity while the company finds a replacement CEO following the retirement of David Ryan.
Companies: Powerhouse Energy Group PLC
As midsummer’s day looms (where has this year gone?), there is greater optimism, in general, than may have been anticipated a few months ago. A post-pandemic, ‘vaccine-driven’ recovery demonstrated by increased consumer spending as lockdown measures are lifted has been one of the catalysts. The FTSE 100 has been range-bound in the last month 6,900-7,100. We have seen a combination of broadly positive company results across a range of sectors, further examples of M&A activity and a sequence of ne
Companies: AMYT ARBB ARW BAG BEG BONH BWNG CWK DNK EML EPWN FBD FA/ GPH GSF GNC HUW IGC INSE KAPE KP2 MMAG NRR NESF OTMP ROL RUA SEN SUR TON TOU TXP TGL VLS WINK
Seeing Machines has announced that its DMS software is now available across five additional vehicle models from world-leading automotive manufacturers.
It has been working closely with Joyson Safety Systems since 2011 to integrate the Company's software into the General Motors' Super Cruise driver assistance feature. This system, based on the Company's FOVIO e-DME (embedded Driver Monitoring Engine) software, is now available in three new vehicle models including the General Motors' 2021 Cadill
Companies: Seeing Machines Limited
Blackbird plc* (BIRD.L, 32.25p/£108.7m) | Audioboom plc* (BOOM.L, 820p/£128.5m) | CAP-XX Ltd* (CPX.L, 7.65p/£33.8m) | Starcom plc* (STAR.L, 0.975p/£3.4m)
Companies: BIRD BOOM CPX STAR
SMS held a virtual CME on 23 June providing detailed insight into the next stage of growth. The significant scale of the market opportunity is evident but what has become increasingly clear to us is the competitive advantage SMS has developed and its preparedness to participate at scale within the energy revolution.
Companies: Smart Metering Systems PLC