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Broker Upgrades and Downgrades & Key Uk Shard Capital Stockbrokers T +44 (0) 207 186 9950 rd 23 Floor, F +44 (0) 207 186 9979 20Fenchurch St, E [email protected] London, EC3M 3BY W shardcapitalstockbrokers.com BROKER UPGRADES AND DOWNGRADES & KEY UK CORPORATE SNAPSHOTS 14 February 2018 UK Broker Upgrades / Downgrades Please contact us for more information Code Company Broker Recomm. From Recomm. To Price From Price To Upgrades GNS Genus Plc Liberum Capital Hold Hold 2100 2400 HSTG Hastings Group Holdings Ltd Berenberg Buy Buy 315 341 OCDO Ocado Group Plc Peel Hunt Buy Buy 520 570 PLUS Plus500 Ltd Liberum Capital Buy Buy 1232 1507 TALK TalkTalk Telecom Group Plc SocGen Sell Hold 125 105 Downgrades BAG A.G.Barr Plc JP Morgan Cazenove Neutral Underweight 630 570 DLG Direct Line Insurance Group Plc Berenberg Hold Hold 390 378 ESUR Esure Group Plc Berenberg Sell Sell 247 230 VEC Vectura Group Plc Peel Hunt Hold Hold 160 120 Initiate/Neutral/Unchanged ACSO Accesso Technology Group Plc Berenberg Buy 2700 ESL Eddie Stobart Logistics PLC Berenberg Buy 190 MCL Morses Club Plc Peel Hunt Buy 165 OTB On the Beach Group Plc Peel Hunt Buy Buy 600 600 https://www.shardcapitalstockbrokers.com/trading-platform/ https://www.shardcapitalstockbrokers.com/trading-platform/ https://www.shardcapitalstockbrokers.com/trading-platform/ https://www.shardcapitalstockbrokers.com/trading-platform/ https://www.shardcapitalstockbrokers.com/trading-platform/ BROKER UPGRADES AND DOWNGRADES & KEY UK CORPORATE SNAPSHOTS Code Company Broker Recomm. From Recomm. To Price From Price To Initiate/Neutral/Unchanged WIN Wincanton Plc Berenberg Hold 210 WPP WPP Plc Liberum Capital Buy Buy 1815 1815 2 BROKER UPGRADES AND DOWNGRADES & KEY UK CORPORATE SNAPSHOTS Key UK Corporate Snapshots Today AIM 88 Energy Limited (88E.L) Announced that the 3D seismic acquisition has commenced across the Western Margin of the Project Icewine acreage, located on the North Slope of Alaska. The 3D seismic will firm up drilling candidates identified on conventional prospectivity from interpretation of 2350 line km of modern and reprocessed 2D seismic data. The conventional prospective resource potential as at 31 January 2018 is estimated by the company as 1.9 billion barrels gross. The 3D survey will be acquired using the vibroseis slip-sweep method, covering an area of approximately 460 sq.km. Acquisition parameters have been zoned to optimise fold and imaging across significant conventional leads already identified in areas that historically have imaged poorly due to permafrost and the presence of icelakes. The company has largely completed permitting for two potential drilling locations on a multi-year basis allowing for prompt execution of the proposed 2019 drilling program. Alpha Financial Markets Consulting Announced that Ken Fry has been appointed Non-Executive Chairman, and Penny Judd and John Paton will join the Plc (AFM.L) Board, as Senior Independent Non-Executive Director and Chief Financial Officer respectively. Ascent Resources Plc (AST.L) Announced that it will hold a shareholder update meeting and presentation followed by a Q&A session on 07 March 2018, at 6:00 p.m., the company office. Ashley House Plc (ASH.L) Announced that it has agreed to sell its 25% interest in a pharmacy to Invescare Property Limited, London. The consideration for the sale of the Company's interest in the Asset is £325,000 which will be satisfied by a reduction in the loan between the Company and Invescare Limited. Botswana Diamonds Plc (BOD.L) Announced that the company has raised £0.5 million (before expenses) via the placing of 50,000,000 new ordinary shares (the Placing Shares) with new and existing investors at a price of 1p per Placing Share (the Placing). The Placing Shares represent approximately 9.8% of the company's issued share capital as enlarged by the Placing. The net proceeds of the Placing will fund ongoing diamond exploration in South Africa and Botswana and will also provide the company with additional working capital. The Placing shares will rank pari passu with the company's existing ordinary shares of 0.25p each (Ordinary Shares). Application will be made for the Placing Shares to be admitted to trading on AIM (Admission) and it is expected that such admission will become effective on or around 28th February 2018. Brave Bison Group Plc (BBSN.L) Announced that it has agreed a two-year exclusive kit sponsorship and supplier deal with leading sports brand, Under Armour, for Rebel FC, its social influencer football team. The two-year deal sees Rebel FC join the ever-growing Under Armour roster, which includes World Heavyweight Champion Anthony Joshua, tennis star Andy Murray and professional football teams Southampton and Aston Villa. Chaarat Gold Holdings Limited Announced that it has appointed Peter Carter as the Chief Operating Officer. (CGH.L) Feedback Plc (FDBK.L) Announced that it has appointed David Crabb as Chief Executive Officer and a director of the company with immediate effect. Hargreaves Services Plc (HSP.L) Announced, in its interim results for the six months ended 30 November 2017, that revenues fell to £0.15 billion from £0.17 billion reported in the same period last year. The company’s loss before tax stood at £1.9 million compared to a profit of £0.7 million reported in the previous year. The basic earnings per share stood at 2.65p compared to earnings of 0.28p in the previous year. The company’s board has proposed an interim dividend of 2.7p per share, payable on 6 April 2018 to shareholders on the register as at 23 February 2018. Hurricane Energy Plc (HUR.L) Announced an operational update on activities related to the Early Production System on the Lancaster Field. The company indicated that a key project milestone has been achieved, with completion of buoy 'dry' trial fit testing operations by Bluewater Energy Services BV and Dubai Drydocks World, LLC. Under the EPC contract with Bluewater, the Aoka Mizu FPSO vessel is currently undergoing repair, upgrade and life extension works at the Drydocks World yard, in Dubai. This facility is also carrying out the fabrication of the buoy which will form part of the project's mooring system. The successful completion of these operations provides a high level of confidence that the newly machined conical ring of the buoy will successfully engage with the machined receptacle of the existing Turret, during the offshore hook-up campaign for the Lancaster EPS. Iofina Plc (IOF.L) Announced the completion of construction and commencement of production at its IO#7 IOsorb plant. Further, the company stated that the site has undergone hydrostatic testing and evaluations of its systems and is currently processing iodine rich brine water. Moreover, the company expects that the production from IO#7 will favourably impact the Group's overall iodine production output as well as lowering overall production costs and over the next few weeks the team will be lining out the parameters of operations at IO#7 to maximise iodine output. Keystone Law Group Plc (KEYS.L) Announced, in its pre-close trading update ahead of its maiden final results for the year ended 31 January 2018, that the group has continued to trade strongly through the period, delivering significant growth and expects to report profits which will be comfortably ahead of current market expectation. As outlined at the time of the Group's IPO in November 2017, Keystone is well positioned to establish itself as one of the leading UK mid-market law firms with a clear and simple growth strategy enabling it to take advantage of the significant addressable market. The Group will be announcing its maiden final results on 25 April 2018. 3 BROKER UPGRADES AND DOWNGRADES & KEY UK CORPORATE SNAPSHOTS Midatech Pharma Plc (MTPH.L) Announced, in its trading update, that it anticipates the total net revenues for the twelve months ended 31 December 2017 to be at least £7.4 million (2016: £6.9 million), including US product sales of £6.7 million (2016: £5.2 million), an increase of 29% on the previous year. Whilst still subject to final audit approval, the US operation also reached break- even in H2 2017. The board continues to focus on managing costs and the group net cash balance as at 31 December 2017 was £13.2 million (2016: £17.6 million), also in line with market expectations. Nighthawk Energy Plc (HAWK.L) Announced that Kurtis Hooley has given his resignation as the company's Chief Financial Officer and Corporate Secretary, effective 16 March 2018 Northamber Plc (NAR.L) Announced, in its interim report for the six months to 31 December 2017, that revenues rose to £31.7 million from £29.0 million recorded in the same period a year ago. Loss after tax narrowed to £0.2 million from £0.5 million. The board has proposed an interim dividend of 0.1p. OnTheMarket Plc (OTMP.L) Announced that in line with the 5-year agreement announced in November 2017, the estate agency firm Arun Estates is now advertising its UK residential sales and lettings properties at OnTheMarket.com. Further, the company noted that the agreement was conditional upon the company's admission to the AIM market and under the agreement, Arun Estates has also agreed to actively promote the OnTheMarket.com portal brand with digital and branch-based marketing activity. Origin Enterprises Plc (OGN.L) Announced that Imelda Hurley, Chief Financial Officer, has indicated her intention to step down from the Board on 28 February 2018 and leave the Group effective 30 April 2018 in order to pursue other business, academic and personal interests and the company has now initiated a search for a new CFO and an appointment will be made in due course.
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