Leading International Investment Research, Edison Investment Research

Edison Investment Research

Leading International Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Equity Bottom-Up

Next 15 Group plc is a technology and data-driven growth consultancy firm. The Company uses data to generate the insights that help businesses, optimizes their brand and build the mission-critical digital assets, and help customers redesign their business model and create new ventures to maximize the value of their organization. Next 15 Group serves clients worldwide.

Next 15 faced a number of challenges in the year to end January, with a difficult macroeconomic backdrop, relatively high exposure to the tech sector and the loss of the Mach49 contract. This masked some strong performances elsewhere within the group, particularly at SMG where existing relationships with retailers have been extended and important new customers brought on board. Next 15 has been responding to market conditions through simplifying the group structure (with more to do here), taking out duplicated costs and working to drive greater alignment between the various group companies and activities. The balance sheet is in good enough health to support continuing bolt-on M&A, investment in AI and new capabilities, with the maintained dividend providing an attractive yield.

Next 15 faced a number of challenges in the year to end January, with a difficult macroeconomic backdrop, relatively high exposure to the tech sector and the loss of the Mach49 contract. This masked some strong performances elsewhere within the group, particularly at SMG where existing relationships with retailers have been extended and important new customers brought on board. Next 15 has been responding to market conditions through simplifying the group structure (with more to do here), taking out duplicated costs and working to drive greater alignment between the various group companies and activities. The balance sheet is in good enough health to support continuing bolt-on M&A, investment in AI and new capabilities, with the maintained dividend providing an attractive yield.

Next 15 Group — Adapting in a volatile market

Your Partner for Growth, Hybridan

Hybridan

Your Partner for Growth

Our passion is raising growth capital for exciting, fast growth companies that want to take their business to the next level. We raise capital for companies both listed and unlisted in the most efficient manner possible and pride ourselves as being one of the few consistently profitable broking firms in the City. This has been achieved through a highly disciplined approach when seeking to create both corporate and institutional relationships.

All Things Considered Limited operates as a management company. The Company specializes in recording artists, composing, record producing, songwriting, and film-making. All Things Considered serves customers in the United Kingdom, the United States, and Denmark.

<ul>
<li>The independent music Company housing talent management, live booking, merchandising, talent services, and events, announced the acquisition of a majority interest (75%) in Easy Life Entertainment Limited, a music management and record label company.</li>
<li>The acquisition provides additional scale and manager talent in core Artist Representation segment and will help drive music rights ownership bringing over 300 masters, giving the Group a broader foundation from which to build further IP.</li>
<li>The Net Acquisition consideration is £0.75m in cash, after netting off a post-completion dividend due to ATC of approximately £0.28m. </li>
</ul>


The independent music Company housing talent management, live booking, merchandising, talent services, and events, announced the acquisition of a majority interest (75%) in Easy Life Entertainment Limited, a music management and record label company.
The acquisition provides additional scale and manager talent in core Artist Representation segment and will help drive music rights ownership bringing over 300 masters, giving the Group a broader foundation from which to build further IP.
The Net Acquisition consideration is £0.75m in cash, after netting off a post-completion dividend due to ATC of approximately £0.28m. 


Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

BT Group plc provides telecommunications services. The Company provides local and long-distance telephone call products and services in the UK, international telephone calls to and from the UK, broadband network solutions and web hosting to corporate customers, network ADSL, ISDN, and IP services to communication companies and narrowband and broadband internet access and related services.

<ul><li>BT Group's half-year performance reflects a mixed set of results, with progress in strategic priorities met with challenges in certain segments.</li><li>The company continued to focus on its five strategic priorities, which include enhancing its UK presence, accelerating fiber build-out, reducing costs, and improving customer satisfaction.</li><li>Notably, the Openreach division achieved significant milestones in its fiber build-out and connections, surpassing expectations, and maintaining its market-leading position with a strong take-up rate of 35%.</li></ul>

BT Group's half-year performance reflects a mixed set of results, with progress in strategic priorities met with challenges in certain segments.The company continued to focus on its five strategic priorities, which include enhancing its UK presence, accelerating fiber build-out, reducing costs, and improving customer satisfaction.Notably, the Openreach division achieved significant milestones in its fiber build-out and connections, surpassing expectations, and maintaining its market-leading position with a strong take-up rate of 35%.

BT Group: Initiation of Coverage- Expansion of Fiber Network Infrastructure To Up Their Game!

External broker reports(aggregated public sources), BRI Danareksa Research

BRI Danareksa Research

External broker reports(aggregated public sources)

As a one-stop financial solution with the vision to be the most valuable securities house, BRI Danareksa Sekuritas (BRIDS) has maintained an excellent track record and extensive experience in the capital market as an underwriter, broker, and financial advisor for individual, institutional, foreign and domestic, private and government clients. Established in 1992, PT Danareksa Sekuritas is a securities company that performs activities as a securities broker, underwriter, or arranger and financial advisor.

Dayamitra Telekomunikasi PT / Equity Bottom-Up

PT Dayamitra Telekomunikasi operates as an infrastructure construction company. The Company constructs telecommunications towers. Dayamitra Telekomunikasi serves customers in Indonesia.

<ul><li>4Q24 revenue growth was solid, driven by Telkom projects and FTTT growth, including the UMT acquisition. </li><li>FY24 net profit was in line amid a strong 82.7% EBITDA margin (+230bps yoy), despite higher interest from M&amp;A and higher tax. </li><li>Maintain Buy rating with lower TP of Rp800 to reflect -6.6% est. cut in FY25-27; MTEL remains best positioned for MNOs' ex-Java growth</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

4Q24 revenue growth was solid, driven by Telkom projects and FTTT growth, including the UMT acquisition. FY24 net profit was in line amid a strong 82.7% EBITDA margin (+230bps yoy), despite higher interest from M&amp;A and higher tax. Maintain Buy rating with lower TP of Rp800 to reflect -6.6% est. cut in FY25-27; MTEL remains best positioned for MNOs' ex-Java growthContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mitratel (MTEL.IJ) In-Line FY24 Earnings with Growth and Continued Margin Expansion

Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

Research Coverage of Japanese Listed Companies

Shared Research Inc

Pioneering research coverage of Japanese listed companies. Now customizable and interactive for global institutional investors. Corporate access reimagined.

Toumei Co., Ltd. offers optical line services. The Company provides optical line internet connection, optical line internet supporting, and other services. Toumei also operates electric power sales agency, information terminal equipment sales, financial planning, and other services. Toumei serves customers in Japan.

<ul><li>In 1H FY08/25, Toumei reported revenue of JPY14.5bn, operating profit of JPY1.7bn, and net income of JPY1.2bn.</li><li>Revenue grew 31.4% YoY, with significant increases in Office Denki 119 (56.5% YoY) and Office Solutions (84.3% YoY).</li><li>Operating profit rose 86.4% YoY, driven by higher revenue and improved SG&A ratio, despite increased procurement costs.</li></ul>

In 1H FY08/25, Toumei reported revenue of JPY14.5bn, operating profit of JPY1.7bn, and net income of JPY1.2bn.Revenue grew 31.4% YoY, with significant increases in Office Denki 119 (56.5% YoY) and Office Solutions (84.3% YoY).Operating profit rose 86.4% YoY, driven by higher revenue and improved SG&A ratio, despite increased procurement costs.

Toumei   (4439 JP): 1H FY08/25 flash update

Insights in the Communication Services Space

Communication Services
Insights in the Communication Services Space

Next 15 Group — Adapting in a volatile market

Next 15 faced a number of challenges in the year to end January, with a difficult macroeconomic backdrop, relatively high exposure to the tech...

Edison Investment Research

Hybridan Small Cap Feast: 07/04/2025

The target company had annual revenue of approximately £0.51m and EBITDA of approximately £0.24m for year to 31 March 2024.

Hybridan

BT Group: Initiation of Coverage- Expansion of Fiber Network Infrastructure To Up Their Game!

BT Group's half-year performance reflects a mixed set of results, with progress in strategic priorities met with challenges in certain...

Baptista Research

Mitratel (MTEL.IJ) In-Line FY24 Earnings with Growth and Continued Margin Expansion

Maintain Buy rating with lower TP of Rp800 to reflect -6.6% est. cut in FY25-27; MTEL remains best positioned for MNOs' ex-Java growth

BRI Danareksa Research

Toumei (4439 JP): 1H FY08/25 flash update

In 1H FY08/25, Toumei reported revenue of JPY14.5bn, operating profit of JPY1.7bn, and net income of JPY1.2bn. Revenue grew 31.4% YoY, with...

Shared Research