Industrials equity investment research - Page 2

Industrials Insights

Market cap

Date (published)

Industrials

23.05.22

UK housebuilders

Latest

Industrials

08.06.23

Severfield — Revenue visibility and growth underappreciated

Industrials

31.05.23

AVAX — Significant international project secured

Industrials

30.05.23

Renewi — Resilient platform to accelerate growth

Industrials

23.05.23

Dowlais Group — Positive start to the year

Industrials

08.08.22

Loop Energy PO guidance upgraded as company reports record revenue

Consumer

26.07.22

Deutsches Eigenkapitalforum (EKF) 2022

Industrials

23.07.22

Three more things every investor needs to know about Loop Energy

Industrials

21.07.22

Seven things every investor needs to know about Provaris Energy

Industrials

23.06.22

Seven things investors need to know about hydrogen fuel cells and Loop Energy

Analyst of the week

Anne Margaret Crow

Director, TMT & Industrials

acrow@edisongroup.com 020 3077 5700

Read latest

Equities

Region

Market cap

Kendrion (KENDR)

Latest price

EUR17.52

▾ −0.14 (−0.79)

As at 09/06/2023

Market capitalisation: EUR264m

View equity

Industrials

16.05.23

Kendrion — Q123 – good revenue growth at lower margins

Industrials

02.03.23

Kendrion — Preparing for stronger growth in Automotive

Industrials

22.11.22

Kendrion — Industrial continues on strong growth path

Light Science Technologies Holdings (LST)

Latest price

GBP0.01

— 0.00 (0.00)

As at 09/06/2023

Market capitalisation: GBP4m

View equity

organic hydroponic vegetable garden at greenhouse and light of sunset.

Industrials

05.04.23

Light Science Technologies Holdings — Proposed £1.5m placing and subscription

Industrials

06.02.23

Light Science Technologies — Pluses and minuses of high energy costs

30.09.22

Light Science Technologies Holding — Progress in both divisions

Loop Energy (LPEN)

Latest price

CAD0.45

▾ −0.04 (−8.16)

As at 09/06/2023

Market capitalisation: CAD15m

View equity

Industrials

15.09.22

Loop Energy — Commercial orders underway

Melrose Industries (MRO)

Latest price

GBP4.81

▾ 76.10 (18.82)

As at 09/06/2023

Market capitalisation: GBP6,653m

View equity

Industrials

23.05.23

Melrose Industries — The stars are aligned

Industrials

02.03.23

Melrose Industries — Positive trajectory

Industrials

29.09.22

Melrose Industries — Releasing the potential

Mytilineos (MYTIL)

Latest price

EUR30.38

▾ 0.64 (2.15)

As at 09/06/2023

Market capitalisation: EUR4,341m

View equity

Industrials

05.05.23

Mytilineos — Benefiting from diversity and internationalisation

Industrials

21.03.23

Mytilineos — Renewables to drive EBITDA above €1bn/year

Industrials

02.11.22

Mytilineos — Reaping rewards from proactive management

Norcros (NXR)

Latest price

GBP1.81

▾ 1.00 (0.56)

As at 09/06/2023

Market capitalisation: GBP162m

View equity

Industrials

14.04.23

Norcros — In-line update highlights undervalued entity

Industrials

06.12.22

Norcros — Well placed to gain market share

Industrials

20.07.22

Norcros — Key strengths undervalued, legacy issues fixed

paragon (PGN)

Latest price

EUR5.96

▾ 0.04 (0.68)

As at 09/06/2023

Market capitalisation: EUR27m

View equity

Industrials

10.03.23

paragon — Further progression of debt reduction plans

Industrials

10.02.23

paragon — Risk reduction should relieve the equity rating

Industrials

02.12.22

paragon — Agreement to sell paragon semvox

PB Holding (PBH)

Latest price

EUR3.03

▾ 0.03 (1.00)

As at 09/06/2023

Market capitalisation: EUR18m

View equity

Financials

02.05.23

PB Holding — Net income of €0.6m in FY22

Financials

04.04.23

PB Holding — Bovemij reports a loss in 2022

Industrials

31.08.22

PB Holding — Bovemij reports a loss in H122

Quadrise (QED)

Latest price

GBP0.01

▾ 0.29 (29.00)

As at 09/06/2023

Market capitalisation: GBP18m

View equity

Industrials

31.03.23

Quadrise — Closer to commercial revenues

Industrials

28.11.22

Quadrise Fuels International — Key role in transitioning to net-zero

06.10.22

Quadrise Fuels International — Doubling down on delivery

Renewi (RWI)

Latest price

GBP5.10

▾ −10.00 (−1.92)

As at 09/06/2023

Market capitalisation: GBP409m

View equity

Industrials

30.05.23

Renewi — Resilient platform to accelerate growth

Industrials

04.04.23

Renewi — Trading ‘slightly ahead’ of consensus

Industrials

06.03.23

Renewi — Reducing the liabilities

Severfield (SFR)

Latest price

GBP0.62

▾ 0.60 (0.98)

As at 09/06/2023

Market capitalisation: GBP192m

View equity

Industrials

08.06.23

Severfield — Revenue visibility and growth underappreciated

Industrials

12.12.22

Severfield — Constructing a robust future at a low rating

Industrials

13.09.22

Severfield — Trading robust with lowest P/E since GFC

SigmaRoc (SRC)

Latest price

GBP0.60

— 0.00 (0.00)

As at 09/06/2023

Market capitalisation: GBP418m

View equity

31.10.22

SigmaRoc — Solid Q322 results despite market headwinds

03.10.22

SigmaRoc — Diversified model supports H122 growth

Smiths News (SNWS)

Latest price

GBP0.52

▾ −1.60 (−3.00)

As at 09/06/2023

Market capitalisation: GBP128m

View equity

Industrials

09.05.23

Smiths News — Interim profits exceed pre-COVID levels

Industrials

13.04.23

Smiths News — Contract renewals cement future cash flows

Industrials

24.11.22

Smiths News — Better FY22 than expected; 10% dividend yield

Solid State (SOLI)

Latest price

GBP11.15

▾ −10.00 (−0.89)

As at 09/06/2023

Market capitalisation: GBP126m

View equity

Industrials

05.04.23

Solid State — Expecting record adjusted PBT in FY23

TMT

06.12.22

Solid State — Record customer demand

Industrials

26.10.22

Solid State — Exceptionally strong start to year

Thrace Group (PLAT)

Latest price

EUR4.55

▾ 0.34 (8.08)

As at 09/06/2023

Market capitalisation: EUR199m

View equity

13.04.23

Thrace Group — Demonstrable core growth as COVID-19 subsides

Industrials

06.12.21

Thrace Plastics — Maintaining a steady course

Industrials

18.10.21

Thrace Plastics — Investing for the future

VivoPower International (VVPR)

Latest price

USD0.58

▾ 0.01 (1.75)

As at 09/06/2023

Market capitalisation: USD14m

View equity

Industrials

28.02.22

VivoPower International — COVID-19 financial impact vs operational progress

Industrials

25.08.21

VivoPower International — Strategic progress masked by COVID shutdowns

Industrials

22.06.21

VivoPower International — Toyota agreement a major milestone

Curated by Edison

www.afr.com

Provaris Energy featured in the Australian Financial Review

Industrials

'There is also one other Australian company – one that rarely makes the news – plotting a different way to get green hydrogen exports happening. Provaris, known as Global Energy Ventures until last May, steers clear of the mainstream options of ammonia (NH3) and liquefaction (LH2), which often involves keeping the hydrogen at punishingly low temperatures, in favour of shipping it as a compressed gas (CH2).'

Read article

Thematics

Industrials

10.05.22

Truth creates light

Industrials

09.05.22

All-seeing eye in the sky

Consumer

24.03.22

Circular economy business models

Industrials

02.02.22

BayWa – Focus on sustainability

Industrials

01.11.21

Investment themes: IPO boom in London

Industrials

18.05.21

The circular economy

Industrials

20.04.21

EV outlook #1 – Growth, policy and net zero

Industrials

12.12.19

Battery charge: The rise of lithium-ion – options and implications

Equities

Equities by Sector

Sectors

Investment Strategy

Latest

Equity strategy and market outlook – May 2023

Equity strategy and market outlook April 2023

Equity strategy and market outlook – March 2023

Thematics

Latest

IFRS 17: Impact on life assurance companies

MediaWatch – April 2023

ConsumerWatch – April 2023

About Edison

About Edison

Careers

Industrials

Quadrise

29.00%

Industrials Insights

Internet in the sky

Battery energy storage

UK housebuilders

Latest

Severfield — Revenue visibility and growth underappreciated

AVAX — Significant international project secured

Renewi — Resilient platform to accelerate growth

Dowlais Group — Positive start to the year

Loop Energy PO guidance upgraded as company reports record revenue

Deutsches Eigenkapitalforum (EKF) 2022

Three more things every investor needs to know about Loop Energy

Seven things every investor needs to know about Provaris Energy

Itaconix capital markets day

Seven things investors need to know about hydrogen fuel cells and Loop Energy

Analyst of the week

Equities

Kendrion (KENDR)

EUR17.52

Kendrion — Q123 – good revenue growth at lower margins

Kendrion — Preparing for stronger growth in Automotive

Kendrion — Industrial continues on strong growth path

See morecontent on

Light Science Technologies Holdings (LST)

GBP0.01

Light Science Technologies Holdings — Proposed £1.5m placing and subscription

Light Science Technologies — Pluses and minuses of high energy costs

Light Science Technologies Holding — Progress in both divisions

See morecontent on

Loop Energy (LPEN)

CAD0.45

Loop Energy — Commercial orders underway

See morecontent on

Melrose Industries (MRO)

GBP4.81

Melrose Industries — The stars are aligned

Melrose Industries — Positive trajectory

Melrose Industries — Releasing the potential

See morecontent on

Mytilineos (MYTIL)

EUR30.38

Mytilineos — Benefiting from diversity and internationalisation

Mytilineos — Renewables to drive EBITDA above €1bn/year

Mytilineos — Reaping rewards from proactive management

See morecontent on

Norcros (NXR)

GBP1.81

Norcros — In-line update highlights undervalued entity

Norcros — Well placed to gain market share

Norcros — Key strengths undervalued, legacy issues fixed

See morecontent on

paragon (PGN)

EUR5.96

paragon — Further progression of debt reduction plans

paragon — Risk reduction should relieve the equity rating

paragon — Agreement to sell paragon semvox

See morecontent on

PB Holding (PBH)

EUR3.03

PB Holding — Net income of €0.6m in FY22

PB Holding — Bovemij reports a loss in 2022

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