External broker reports(aggregated public sources), CCZ Statton Equities

CCZ Statton Equities

External broker reports(aggregated public sources)

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Equity Bottom-Up

Kip Mcgrath Education Centres / Equity Bottom-Up

Kip McGrath Education Centres Limited is a franchiser of education centers that provide tutoring services to children ages 6-16.  The centers aid children in a variety of subject matters including mathematics, reading, spelling and English.

<ul><li>Our last ASX Scheme note argues KME is oversold given long-term opportunity On the balance of probabilities, KME is undervalued.</li><li>While KME’s recent derating has de-risked KME’s returns profile, we understand investors caution given: 1) KME’s inherent operational leverage; 2) deteriorating consumer confidence; and, 3) lack of liquidity, which currently commands a significant discount in micro-caps.</li><li>However, if investors can get comfort (as we have) with KME’s long-term growth and its economic resilience, it could be a multi-bagger.</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.

Our last ASX Scheme note argues KME is oversold given long-term opportunity On the balance of probabilities, KME is undervalued.While KME’s recent derating has de-risked KME’s returns profile, we understand investors caution given: 1) KME’s inherent operational leverage; 2) deteriorating consumer confidence; and, 3) lack of liquidity, which currently commands a significant discount in micro-caps.However, if investors can get comfort (as we have) with KME’s long-term growth and its economic resilience, it could be a multi-bagger.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.

Kip McGrath - Is There a Price for Your Child’s Future?

Close The Loop Ltd. provides national battery recycling services. The Company offers battery collection and recycling solutions, as well as battery collection boxes for secure storage and road transport. Close The Loop serves customers worldwide.

<ul><li>CLG has acquired 100% of US-based ISP Tek Services and Captive Trade Corporation for $66m USD ($35m cash, $11m scrip, $5m equity earn out and $15m convertible note), and supported with a fully subscribed $45m placement (136m shares at 33 cps).</li><li>The acquisition of ISP is immediately EPS accretive and represents an LTM P/E multiple of c.4.8x.</li><li>ISP Tek Services is a new service line for the group, offering refurbishment of consumer electronic goods to OEM standards for top-tier brands.</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.

CLG has acquired 100% of US-based ISP Tek Services and Captive Trade Corporation for $66m USD ($35m cash, $11m scrip, $5m equity earn out and $15m convertible note), and supported with a fully subscribed $45m placement (136m shares at 33 cps).The acquisition of ISP is immediately EPS accretive and represents an LTM P/E multiple of c.4.8x.ISP Tek Services is a new service line for the group, offering refurbishment of consumer electronic goods to OEM standards for top-tier brands.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.

Close the Loop - A New Circuit in the Loop

CogState Limited manufactures and distributes diagnostic and therapeutic products associated with neurological disorders and the measurement of cognitive functions.

<ul><li>Eli Lilly has reported positive results from its Donanemab confirmatory phase 3 study, meeting both primary and secondary endpoints.</li><li>In a trial involving 1,736 participants with early Alzheimer's disease, the drug demonstrated a 35% reduction in clinical cognitive decline compared to a placebo.</li><li>The company is on track to complete its submission to the FDA this quarter.</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.

Eli Lilly has reported positive results from its Donanemab confirmatory phase 3 study, meeting both primary and secondary endpoints.In a trial involving 1,736 participants with early Alzheimer's disease, the drug demonstrated a 35% reduction in clinical cognitive decline compared to a placebo.The company is on track to complete its submission to the FDA this quarter.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.

Cogstate - Donanemab Strikes Second ‘home Run’ for AD Drug Development

<ul><li>CGS provided a Q3’FY23 trading update with group revenue of $10.9m, +18% vs pcp or $30.5m YTD.</li><li>New clinical trial (CT) contract sales have been weaker than in previous quarters, with $3.4m in signings or $30.7m YTD.</li><li>Mgmt. has flagged a slowdown in decision-making and investment from biotechnology companies as a contributing factor in the weaker contract sales.</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.

CGS provided a Q3’FY23 trading update with group revenue of $10.9m, +18% vs pcp or $30.5m YTD.New clinical trial (CT) contract sales have been weaker than in previous quarters, with $3.4m in signings or $30.7m YTD.Mgmt. has flagged a slowdown in decision-making and investment from biotechnology companies as a contributing factor in the weaker contract sales.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.

Cogstate - Eyes on the Prize Despite a Temporary Sales Slowdown

AI-Media Technologies Limited operates as a media company. The Company offers live and recorded video content. AI-Media Technologies serves customers in Australia.

<ul><li>AIM reported total revenue of $29.7m, flat on pcp (CCZe: $33.1m). Gross profit increased +13% to $17.7m (CCZe: $18.7m), reflecting gross margins improving to 60% (53% in pcp).</li><li>Higher gross profit contribution delivered U-EBITDA of $1.4m (CCZe: $1.5m), pcp was breakeven.</li><li>Operating cashflow was $0.6m, resulting in an ending cash balance of $14.6m (CCZe: $15.8m).</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.

AIM reported total revenue of $29.7m, flat on pcp (CCZe: $33.1m). Gross profit increased +13% to $17.7m (CCZe: $18.7m), reflecting gross margins improving to 60% (53% in pcp).Higher gross profit contribution delivered U-EBITDA of $1.4m (CCZe: $1.5m), pcp was breakeven.Operating cashflow was $0.6m, resulting in an ending cash balance of $14.6m (CCZe: $15.8m).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.

Ai-Media Technologies - Gross Margins Exceed Expectations, More to Come