SECTOR: MINING; HEALTHCARE
Venture Life Group (VLG.L) SECTOR – HEALTHCARE RATING – BUY* MARKET CAP – £14.6m CURRENT PRICE – 39.5p# TARGET PRICE – 100p ANALYST – BARRY GIBB |
|
Year-end Dec |
2016A |
2017A |
2018E |
2019E |
|
Revenue (£m) |
14.28 |
16.05 |
17.80 |
19.55 |
|
EBITDA (£m) |
0.80 |
1.86 |
2.35 |
3.16 |
||
Adj. pre-tax Profit (£m) |
(1.11) |
0.06 |
0.51 |
1.37 |
||
Adj. EPS (p) |
(3.76) |
(1.00) |
0.18 |
2.36 |
||
DPS (p) |
- |
- |
- |
- |
||
Net Cash/(Debt) (£m) |
(5.15) |
(6.32) |
(5.94) |
(4.51) |
||
P/E (x) |
- |
- |
215.0 |
17.9 |
||
Dividend yield (%) |
- |
- |
- |
- |
||
EV/EBITDA (x) |
26.2 |
11.8 |
9.3 |
6.4 |
||
|
SOURCE: Northland Capital Partners Limited estimates. #Priced at market close, *Northland Capital Partners Limited acts as Nomad and Joint Broker to Venture Life Group and therefore this information should be viewed as a Marketing Communication. |
UltraDEX extends its agreement with La Brosse et Dupont SAS |
NORTHLAND VIEW |
The extension of this agreement with La Brosse is a real testament to the continued international success of UltraDEX, particularly at such an early stage in the Group’s launch of the UltraDEX range in France. It also reinforced the Board’s decision to re-focus investment on the Brands businesses, recognising this area offers the greatest potential to deliver shareholder value through both new acquisitions and continued organic growth. |
COMPANY DESCRIPTION Venture Life Group plc is a consumer healthcare company. The Group develops, manufactures, and commercialises self-care products which target the ageing population. |
Edenville Energy (EDL.L) SECTOR – MINING RATING – CORP* MARKET CAP – £5.4m CURRENT PRICE – 0.41p# ANALYST – DR RYAN D. LONG |
|
Year-end Dec |
2015A |
2016A |
|
|
|
Revenue (£m) |
- |
- |
No forecasts provided |
||
EBITDA (£m) |
(4.5) |
(3.2) |
||||
Adj. pre-tax Profit (£m) |
(4.5) |
(3.2) |
||||
Adj. EPS (p) |
(1.0) |
(0.5) |
||||
DPS (p) |
- |
- |
||||
Net Cash/(Debt) (£m) |
(0.1) |
(0.2) |
||||
P/E (x) |
- |
- |
||||
Dividend yield (%) |
- |
- |
||||
EV/EBITDA (x) |
- |
- |
||||
|
SOURCE: Northland Capital Partners Limited estimates. #Priced at prior trading day close. *Northland Capital Partners Limited acts as Nomad and Broker to Edenville Energy and therefore this information should be viewed as a Marketing Communication. |
From Friday: £740,000 placing |
NORTHLAND VIEW |
Edenville Energy will use the monies raised to fund the expansion of production at its current mining operations at the Rukwa Coal Project, located in Tanzania. The Plant is currently operating at 4,000t per month and these funds will allow it to increase production rates to fulfil current and potential orders. |
COMPANY DESCRIPTION Edenville Energy is moving the Rukwa Coal Project towards near-term production alongside advancing its Coal to Power Project. |