Category: News

finnCap Research Company Notes – 27 November 2019 Filtronic (FTC) : Corp AGM told H1 is in line and orders growing YoY Key data It is pleasing to see H1 2020 trading is in line with expectations, with encouraging demand in continuing business lines. H1 orders across the range of public safety, 5G backhaul and…

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finnCap Research Company Notes – 26 November 2019 HML Holdings (HMLH) : Corp Interim results Key data The interim results revealed revenue growth of 14% and an 8% increase in units under management. Following the results, our current year forecast and target price remain unchanged. Mark Paddon 020 7220 0541 mpaddon@finncap.com Independent Oil & Gas…

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finnCap Research Company Notes – 21 November 2019 Europa Oil & Gas (EOG) : Corp CEO stepping down Key data Hugh Mackay is stepping down as CEO, to be replaced on an interim basis by the Non-Exec Chairman, Simon Oddie, until a replacement is found. Europa continues to market its Irish farm-out opportunities and is…

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finnCap Research Company Notes – 20 November 2019 By jonathan wright President Energy (PPC) : Corp Angostura acquisition completion and share subscription Key data President has completed the acquisition from Argentine oil company CGC of additional acreage in Rio Negro Province, leveraging its regional infrastructure position to secure complementary assets that will boost production by…

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finnCap Research Company Notes – 19 November 2019 Tri-Star Resources (TSTR) : Corp SPMP project update Key data Tri-Star Resources has announced that the SPMP antimony plant in Oman has significantly increased the purity of the antimony and gold produced. Antimony grades have now improved to better than 99.65%, which is the world standard commercial…

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finnCap Research Company Notes – 18 November 2019 By Martin Potts Savannah Resources (SAV) : Corp Third mining lease awarded in Mozambique Key data Savannah Resources has announced that it has received the third Mining Concession that together comprise the central part of the company’s Mutamba mineral sands project in Mozambique. The three licences cover…

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finnCap Research Company Notes – 13 November 2019 Avacta (AVCT) : Corp LG Chem partnership expanded Key data Avacta announced that LG Chem has nominated the second and third drug targets of its multi-target development alliance that, potentially, is worth up to $310m. We make no change to forecasts, with FY 2020 revenues already factoring…

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finnCap Research Company Notes – 6 November 2019 Iofina (IOF) : Corp IofinaEX hemp seed investment Key data IofinaEX is investing $900k into an organic hemp seed manufacturing facility owned by its Chairman. This short-term working capital investment into Organic Vines is expected to generate a rapid and strong return and sets a framework for…

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finnCap Research Company Notes – 5 November 2019 Best of the Best (BOTB) : Corp Positive end to H1 FY20 confirmed with more profit upgrades Key data Today’s brief, qualitative H1 FY20 pre-close trading statement confirms our previously stated view on 11 September 2019 that H1 FY20 would end on a positive note with likely…

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finnCap Research Company Notes – 1 November 2019 Filtronic (FTC) : Corp CEO leaves with immediate effect Key data In a short announcement, Rob Smith has resigned with immediate effect after five years with the company. Chairman Reg Gott will become Executive Chairman whilst a search for a new CEO commences. Rob feels that after…

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