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Analyst Comment

Hybridan Small Cap Feast: 17/04/2025

Hybridan Small Cap Feast: 17/04/2025

5 days ago

Our daily digest of news from UK Small Caps. Happy Easter to our readers.

Speedy Hire: Equity Development

Speedy Hire: Equity Development

6 days ago

Having last updated the market on 3 February, Speedy’s FY25 outturn has been consistent with commentary at that time. As a result, EBITDA looks to be in line with the prior year with a slightly larger H2 weighting despite a quieter Q4. In our view, Speedy’s share price discounts long-term profitability below current levels and the c.40% NAV discount looks anomalous.

Mercia Asset Management: Equity Development

Mercia Asset Management: Equity Development

6 days ago

In today’s FY25 year-end trading summary for the period 1 Apr 24 – 31 Mar 25, Mercia has announced it expects EBITDA to be ‘materially ahead’ of expectations. This seems to be driven by a ‘continuing focus on efficiencies.’ It also reported a jump in net inflows in Q4 (£250m). This is hugely impressive given such an uncertain market and economic environment.

Hybridan Small Cap Feast: 16/04/2025

Hybridan Small Cap Feast: 16/04/2025

6 days ago

Our daily digest of news from UK Small Caps

Hybridan Small Cap Feast: 10/04/2025

12 days ago

Our daily digest of news from UK Small Caps

Europe’s equities join the global rally, but US market recovery is on pause

Europe’s equities join the global rally, but US market recovery is on pause

12 days ago

The relief rally in markets has spread to Europe. Markets are a sea of green, however, there has been some easing in the rally, particularly for the UK. The FTSE 100 opened higher by 6% earlier this morning and is now trading UP 4%. European markets are also fading earlier gains, the Eurostoxx index is higher by 5.4%. After an historic rally on Wednesday night for US stocks, US stock index futures are now in the red, suggesting that tailwinds from the tariff threat remain.

Hybridan Small Cap Feast: 09/04/2025

Hybridan Small Cap Feast: 09/04/2025

13 days ago

Our daily digest of news from UK Small Caps

Bond market moves explained

Bond market moves explained

13 days ago

Bonds are no longer a safe haven in the current market sell off. Longer dated bonds are lower across the board today, however, the moves have been most pronounced in the UK

Hybridan Small Cap Feast: 07/04/2025

15 days ago

Our daily digest of news from UK Small Caps

Will the Fed come to the rescue?

18 days ago

What a week for financial markets. After Thursday’s historic sell off in risky assets, the selloff has gathered speed on Friday after China retaliated with  tariffs of 35% against all US goods imports.

Trump’s tariff grenade hits the global economy

19 days ago

here has been a big response from financial markets to the reciprocal tariff announcement in the US. European equities are lower across the board, the Eurostoxx index is down 2% and the FTSE 100 is down 1.2%.

Liberation Day Arrives, the fight back begins

20 days ago

Investors have been waiting for the announcement of Trump’s reciprocal tariffs, and today it will arrive. The President is set to announce the tariff arrangement at 2100 GMT, after US stock markets have closed. European stocks are lower today, however Japan’s Nikkei eked out a gain.

Hybridan Small Cap Feast: 02/04/2025

20 days ago

Our daily digest of news from UK Small Caps

Week Ahead: ‘Liberation Day’ arrives

22 days ago

With one trading day left of the quarter, risk sentiment has drained from Asian and European stock markets. The Nikkei closed down 4%, while European indices are a sea of red. The sell off is broad based, with more than 550 of the Eurostoxx 600 stocks lower as investors take fright ahead of President Trump’s tarrif announcement that is due on Wednesday.

Hybridan Small Cap Feast: 31/03/2025

22 days ago

Our daily digest of news from UK Small Caps

Gold hits another record, as UK consumer bounces back

25 days ago

It will be an interesting session for financial markets today. Donald Trump’s reciprocal tariffs are once again dominating markets. Canada and the EU are preparing a raft of retaliatory measures, while the UK hopes not to be the tall poppy and aims to use diplomatic measures to deflect tariff threats.

Hybridan Small Cap Feast: 27/03/2025

26 days ago

Our daily digest of news from UK Small Caps

Auto tariffs dominate, can European stocks maintain their lead over the US?

26 days ago

Tariffs are yet again dominating market sentiment. European stocks have opened sharply lower after President Trump announced a 25% levy on imports of cars and car parts coming into the US.

The UK bond market spares Rachel Reeves

27 days ago

The Spring Statement was a relatively stable affair. The spending cuts had been well flagged in advance, the 2025 OBR growth forecast was cut in line with expectations, growth further in the future was revised higher, and the biggest sweetener for the bond market was news from the Debt Management Office that debt issuance plans for 2025- 2026 was lower than forecast at £299bn of gilts, better than the £302bn that was expected by the market.

Spring statement preview: The Chancellor swings the axe

27 days ago

The Chancellor will deliver her spring statement on Wednesday 26th March at 1200 GMT. The Chancellor has said that this is not a fiscal event, however, she is expected to announce a swathe of spending cuts that have been well signaled in recent days.

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