Equity Development

FYI @wheeliedealer @LythamTrader @reb40 @JohnM_AIM @ZJS_Ret @Glasshalfull1 @rhomboid1MF @surprised_trade @vsihv @rolandhead @marben100 @GrowthStocksUK @smarkus @DArcyAndrewsUK

Following Interim results due tomorrow, join us this Friday @ 11am for a live presentation and Q&A with the management of Ultimate Products #ULTP @UPPLC_UK - sign up to register at the below link! equitydevelopment.co.uk/news-and-event…

Our research portal with freely accessible reports and videos on Cohort PLC is here: equitydevelopment.co.uk/research/tag/c…

#CHRT Cohort has announced that its Australian subsidiary EM Solutions has been awarded a contract (value of AU$21.7m, ~£11.5m), to deliver its Cobra and King Cobra satellite communications terminals to the Portuguese Navy - delivery will take place over the period to 2030.

#WRKS @TheWorksStores Ceases online channel (cost £2m) 90%+ sales come from physical stores & co had challenges with 2 3rd party fulfilment partners/last 2 yrs Store lfl +3.3% YTD FY26 xpctns remain on track FY27 xpctns upgraded

#EAH Animal Health: revenue +8% YoY, adj. EBITDA "materially ahead" of expectations. FY26-28 forecasts raised across the board. New vaccine pipeline building. Fair Value lifted to 180p/share vs current ~5x EV/EBITDA — a steep discount to peers at 13.5x equitydevelopment.co.uk/research/fy26-…

#RFX @ramsdenscash TU Upgrades FY26 outlook after strong YTD trading Sustained high gold price boosting profits & co believes could remain elevated in H2 On that basis, profits would be ahead of the prev xpctns with PBT now xpctd to be at least £24m & potentially up to £28m

#IGP Intercede FY TU FY rev xpctd to be c.8-9% below mkt xpctns Rev drop equates to adj EBITDA likely to be c.15-18% below current mkt xpctns Procurement delays, esp in USA, & customer deferrals due to current geopolitical uncertainty Co highlights opps delayed - not lost

#MAB1 Mortgage Advice Bureau FY Results Entered 2026 with strong momentum Trading in line with xpctns Q1 mtg apps +13% YoY ME volatility driven spike in vol's as people look to lock rates & may result in some refi's landing in Q1 vs Q2

#HTG Hunting shares up by over 70% in last year 💪.. this note explains why @SergioC70845149 @RebelHQ @hareng_rouge @F15JCM @AimforProfit @TheSecretAcct @silent_trades @trevoramorris @greeisgoo @JohnM_AIM @gallajam @FrancoGianotti2 @SureshAbraham6 @otemple79 @sodalico

#HTG Hunting plc took tangible steps in 2025 towards its strategic goals, whilst meeting FY guidance. We see clear catalysts for further growth and on conservative estimates raise our fair value to 502p/share. All explained in new note, hear/see it: equitydevelopment.co.uk/research/clear…

#RST Restore FY25 Results Hits 20% medium-term op margin target ahead of schedule All 3 divisions reported strong profit growth PBT +22% £20m share buyback announced Reiterate our 400p fair val estimate Research note: equitydevelopment.co.uk/research/firin…

#GTLY encouraging to see Gateley plc deploy the Jylo platform to achieve best use of AI across the Group, with that selection made after a sensible (6 months) period of evaluation and piloting. Good news for staff and clients..so should be beneficial for shareholders too ✔️✔️

#EAH secures a favourable USDA safety assessment for ECOVAXXIN® MG, a key step toward US approval Safety confirmed across target and non‑target species, supporting late‑2027 submission. Adds momentum to ECO’s next‑gen vaccine pipeline. Fair value 153p equitydevelopment.co.uk/research/ecova…

#CNC shares in Concurrent Technologies continue their great run over recent years on news of a new range of rugged embedded computing cards to cater for challenging applications across defence, aerospace, critical infrastructure, and industrial sectors 👏👏

#KETL TU - Volumes improving in less‑regulated mkts - Consumer Goods growing - Billi disposal = net cash - Regulated segment recovery still slow - Softer rev + mix shift + rising commodities = lower estimates - Fair value 62p - Focus on costs & price rises equitydevelopment.co.uk/research/regul…

Register for webinar here: equitydevelopment.co.uk/news-and-event…

Hunting #HTG FY Results out this morning, demonstrating continued growth in operational performance and shareholder returns, as the company delivers on its 2030 objectives ... a reminder that we are hosting management for a live presentation with Q&A on Monday - sign up below!

We initiate today on AG Barr where growth is accelerating, with strong margins/cash generation. The Fentimans & Frobishers acquisition adds ~10% revenue uplift. A compelling multi-brand strategy supports our 800p Fair Value. #BAG equitydevelopment.co.uk/research/brand…

#EAH sets out its 2026/27 rollout plan for ECOVAXXIN® MS following EU approval. The Group expects the product to be margin‑accretive immediately and materially boost FY28 EBITDA, with peak revenue of ~£22m by 2031. Fair value raised to 153p/share. equitydevelopment.co.uk/research/ecova…