Vertu Motors (LON:VTU) full year 2022 results webinar with Q&A, Monday 16th May, 8.30am. Register here.
Results were released 11.5.22, which were ahead of forecast, with Adj profit before tax £80.7m, the beat due to the higher gross margin at 12%. Basic adj EPS 17.92p. The March & April sales are up 4.3% against strong comparatives. The order book is strong, although a caution about consumer confidence in the face of rising domestic costs. Liberum retains 2023 forecasts of PTP £35.4m, with a price target of 100p.
Cerillion (LON:CER) H1 webinar on Monday 16th May, 2pm. Very strong results were published on Monday (9.5.22). Revenue up by 26% and adj EBITDA up 50%. The pipeline is up 31% to £172m and they're expecting further new contract wins in H2. Liberum see 'upside risk' to their forecasts and have a target price of 1120p. Louis Hall, Co-Founder & CEO and Andrew Dickson, CFO will present with Q&A. Register here.
Eneraqua Technologies (LON:ETP) introduction on Wednesday 18th May, 1pm, is worth a watch IMHO. They IPOd November 21. They are energy and water efficiency specialists. Through their own IP they support clients replace gas, oil or electric heating systems. They offer a range of communal/district heating solutions utilizing, gas, air-source heat pumps, ground-source heat pumps or hybrid systems. They have achieved a 3 year CAGR of 38% and cash conversion of 80%. Have a very healthy order backlog. Register here.
Finally, a little bit of a different one. Allia C&C/RCB webinar on income-generating bonds, which offer 3-5% yield through an investment in socially responsible organisations eg. care of the elderly, support housing for people with learning difficulties, affordable homes, places of beauty etc. Webinar on 17th May, 3pm. Register here.
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