Read Panmure Gordon & Co's note on Sage Group, out this morning on Research Tree: "While Intuit shares fell after hours, nonetheless the company beat Q3 and raised FY guidance. The readacross for Sage is that it was Intuit’s online edition of Quickbooks which was at the heart of the beat – Sage needs to up its cloud game. Intuit reported Q3 EPS US$3.43 ex-items vs consensus (source FactSet) US$3.21 with revenue +8% to US$2.30Bn vs consensus US$2.25Bn. Q4 Guidance: EPS breakeven vs consensus..."
Read finnCap's note on Imaginatik PLC, out this morning on Research Tree: "Imaginatik is an established and leading provider of enterprise innovation management (EIM) software and complementary consultancy services. The business has an excellent customer base and momentum is positive, with a recent significant contract win. Revenue has grown from £2.9m in FY14 to £3.9m in FY16, while adj. net income has reduced from £-1.3m to £-0.9m. Subject to General Meeting approval, Imaginatik has raised £1.6m to accelerate growth, with forecasts suggesting a profit in FY18..."
Read Panmure Gordon & Co's note on Hilton Food Group, out this morning, on Research Tree: "Today’s trading update is in line with HFG Board’s expectations. We therefore leave our FY16 estimates unchanged, but we highlight the continuation of the established positive patterns. We also note the positive tone of management commentary which bodes well for the rest of FY16 and beyond, with the tone underpinned by HFG’s increasingly potent competitive position, a clear, consistent and demonstrable strategy for continued profit growth, sound financial position, and good operating cash flow generation. We retain..."
Read VSA Capital's note on Petra Diamonds, out this morning on Research Tree: "Petra Diamonds (PDL) has confirmed the date of the auction sale of the Cullinan Dream blue diamond as the 9th of June by Christie’s auction house at Rockefeller Centre, New York, NY, USA. It is a fancy intense blue, apparently the very best quality in blue, of rectangular mixed cut, mounted in a platinum ring, and weighs just over 24 carats. The pre-auction sale estimate for the stone is US$23m to US$29m...."
Read Edison's note on Vernalis, out this morning on Research Tree: "The issue of 80m new shares at 50p/share has raised £40m (gross), which enables Vernalis to focus on executing its operational plan and removes uncertainty over whether it is sufficiently funded through to sustainable profitability in FY19 (on our new forecasts). Near-term investment into the commercial cough cold platform will underpin future sales growth. Ongoing initiatives to improve physician awareness, stocking and formulary coverage should increase Tuzistra’s XR market share in the longer term..."
Read Panmure Gordon & Co's note on Escher Group, out this morning, by visiting Research Tree: "Hot on the heels of signing Saudi Post for its loyalty platform, today Escher announces that it has secured a pilot with Saudi Post for mobile and iMobility solutions. Proof here of: (i) the importance of omnichannel in the retail market and wider recognition that omnichannel customers display a higher level of loyalty to a brand and typically out-spend multichannel shoppers by over 20%. (ii) Escher has upped its game in upselling – Saudi Post has been a client for almost three years, currently using Riposte software and, (iii)..."
Read Northland Capital Partners's note on Petrel Resources out this morning, by visiting Research Tree: "Positive development for Petrel Resources with its interest in two significant Porcupine Basin plays being moved forward by partner Woodside Petroleum. During the 2015 Bid Round for Irish offshore licences there were 17 companies making 43 applications highlighting the recent uptick in interest in the area..."
Read Zeus Capital's note on Centralnic out this morning, by visiting Research Tree: "FY15 results show that CentralNic has delivered revenue of £10.4m (+71%), adj. EBITDA of £3.3m (+47%) and adj. PBT of £3.0m (+113%), with growth in both revenues and profits experienced across all three group divisions. In our view, the business is well positioned for continued growth, thanks to a growing and impressive track record of diversification and M&A..."
"1Q16 Financials are broadly in line and operations are on track. Among the larger UK listed E&Ps, Nostrum is one of the few names still offering upside on our commodity price deck. 1Q16 Production stood at 38,754 boe/d as previously reported and FY16 Production guidance of 40 mboe/d remains unchanged. The Construction of GTU III remains on track for completion in 2017. 1Q16 Opex now stand at US$3.5/boe. Net Cash Flow from operating activities over the period was US$27.0 mm. Excluding changes in working capital takes that number to US$38.3 mm, not very far from our forecasts of US$43 mm..." FirstEnergy published a new note on Nostrum this morning, you can access it on Research Tree
"Yesterday North Yorkshire County Council approved planning permission for Third Energy’s appraisal of Kirby Misperton-8 (KM-8) in the Cleveland Basin. We understand that work to hydraulically fracture and test KM-8 could be carried out as early as Q4 CY16. The read-across to Egdon is two-fold: first, planning success at KM-8 should help pave the way for planning approval at IGas-operated Springs Road where Egdon retains a 14.5% carried interest in a two-well exploration programme. Second, appraisal success could be a positiv..." Edison's note on Egdon was published this morning. It's free to access via Research Tree.