#HERC #FUNDSRAISED #CONSTRUCTION #RECRUITMENT A successful week for Hercules Site Services PLC run by CEO Brusk Korkmaz and CFO Paul Wheatcroft. It raised £8m to strengthen the balance sheet and support future growth ambitions - new investors include Wasdell Packaging (controlled by entrepreneur Martin Tedham), Ged Mason, OBE, HonDBA, and The Diverse Income Trust. Its shares (AIM:HERC) have already doubled in 2024, but analyst James Tetley of Equity Development still sees the group as well positioned and raises his Fair Value from 55p per share to 60p. Read full analysis / hear summary: https://lnkd.in/eAMmMNuc
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A good note describing a really good company in Hunting - well worth a read here : https://lnkd.in/eGyEDhNA
#huntingplc #globalengineering #energytransition #offshoredrilling Recent results from Hunting showcase not only a strong H1 with a record order book, but also substantial progress on the road to meeting the group's long term 2030 Strategy targets. Congrats to the whole team, led by CEO Jim Johnson and Group FD Bruce Ferguson. Despite its shares (LSE:HTG) rising c 40% this year, a detailed research report from Equity Development written by Toby Thorrington still sees a ratings discount and a higher fair value. As you can read below, and hear summary: https://lnkd.in/exnNuvFC
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New report out today from Equity Development and Mike Jeremy on Mpac Group - plus a reminder that our Investor Presentation with Mpac's management is this Friday morning (8.30am) - sign up here! https://lnkd.in/euREVym4
Mpac Group Interim results this morning show significant revenue, margin and profit growth. A closing order book of £71.4m provides extensive coverage over forecast revenues for the remainder of 2024. These strong results build on the sound foundations and momentum already established. With a clear vision for growth over the coming five years, we retain our fair value of 530p/ share. Read our research note here: https://bit.ly/47kXueW
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Springfield Properties PLC Full Year Results Investor Presentation - 18th September 2024 Innes Smith (CEO), Iain Logan (CFO) and Sandy Adam (Chairman) will conduct an online presentation for investors following release of their Full Year results for the period ended 31st May 2024. The event will take place at 09.00am on Wednesday 18th September. The webinar is open to all existing and potential shareholders, and registration is free. Questions can be submitted during the presentation, to be addressed at the end. Register here: https://bit.ly/3z9wH8W
Springfield Properties: Full Year Results investor presentation - 18th September 2024
equitydevelopment.co.uk
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Mpac Group Interim Results Investor Presentation - 13 September 2024 Adam Holland (CEO) and Will Wilkins (Group Finance Director) will conduct an Investor presentation covering their Interim Results results for the six months ended 30th June 2024. This event will take place at 8.30am on Friday 13th September. The webinar is open to all existing and potential shareholders, and registration is free. Questions can be submitted during the presentation to be addressed at the end. Register here: https://bit.ly/47dtO3w
Mpac Group: Interim Results Investor Presentation - 13 September 2024
equitydevelopment.co.uk
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Gattaca In an encouraging year-end trading update Gattaca said NFI improved c.5% on a sequential half-yearly basis during H2, achieved against a backdrop of a challenging market. Guidance is unchanged for FY25, albeit any improvement in the underlying market is likely to result in an upward revision to estimates. Gattaca is clearly outperforming most of the quoted sector in NFI terms, declining by just 5% yoy during FY24, compared to a sector average of -11%. The group looks a highly attractive recruitment stock from the point of view of valuation, particularly as the net cash equates to 75% of its market cap. With no change to our estimates, we also retain our Fair Value at 140p / share.
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Ultimate Products Andrew Gossage ULTP Ultimate Products FY24 Trading Update Sales & EBITDA in line with market expectations. We expect a strong revenue bounce back in FY2025 as international momentum gathers pace and Beldray and Salter benefit from their re-brands in the UK. Versus peer consumer goods companies we think the rating is too low and retain our 200p Fair Value/share. Read our report: https://bit.ly/3X1yrtV
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*** Save the Date - Investor Presentation on Monday 12th August - sign up at the link below *** eEnergy (AIM: EAAS), the net zero energy services provider, is pleased to conduct an online Investor Presentation on Monday 12th August at 4.00pm (BST). Harvey Sinclair (Chief Executive Officer) and Crispin Goldsmith (Chief Financial Officer) will provide an update to investors following the company's recent H1 Trading Update, and answer questions submitted by viewers. The webinar is open to all existing and potential shareholders, and registration is free. You can sign up to register here: https://lnkd.in/eG2CCE4N
eEnergy: Investor Presentation - 12th August 2024
equitydevelopment.co.uk
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We initiate today on Speedy Hire. During a period of less favourable market conditions, Speedy Hire has taken a progressive approach to strategic business improvement and this programme is gathering momentum. As a result, we consider it to be much more than a cyclical recovery story. Having traded at or below its 34p per share NAV for much of calendar 2023, Speedy’s share price broke through this level in the last month and has since sustained this momentum. It is now up c.14% YTD (versus c.3% for the FTSE All-Share Index). On our estimates, Speedy is trading on low conventional forward multiples, particularly so by FY27, and that is before factoring in more ambitious company goals. With a 6.8% dividend yield, Speedy shares offer both income and growth. Taking a simple average of selected peer group multiples and our hybrid DCF/JV approach gives a mid-point fair value of 51.1p per share for the company which is c.34% above the current share price. Read the note here: https://lnkd.in/dsW5TBPk
Nice share momentum this year: