Small Cap round-up featuring Ebiquity, Braemar Shipping, Corero Network Security, N Brown Group, Fonix Mobile, and Volution Group

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Small Cap round-up featuring Ebiquity, Braemar Shipping, Corero Network Security, N Brown Group, Fonix Mobile, and Volution Group

Ebiquity (LON:EBQ) – more to come yet

I stuck my neck out earlier this month when revisiting this media and marketing consultancy group’s shares.

Its Pre-close Trading Update earlier this week noted that demand from its existing clients has recovered somewhat, while the group has also been successful in winning new business.

Although a small operating loss will be scored for the year to end December 2020, it does appear that times are getting better for the group.

And that is reflected in the reaction of its share price to achieve my recent Target Price of 27p, a 31% increase in just 16 days.

The results will be declared on 25 March. They closed last night at 26p. Hold on there is more gain to come, methinks.

(Profile 05.11.19 @ 43p set a Target Price of 75p)

(Profile 03.02.21 @ 20.5p set a Target Price of 27p*)

Braemar Shipping Services (LON:BMS) – finals Trading Update within the fortnight

I like the way that the shares of this shipbroker and shipping services group are performing currently.

Last night they closed up 9p at 213p.

The market may well be anticipating a good statement from the company on Tuesday 9 March when it issues its pre-close Trading Update for the year to the end of this month.

There are confident hopes that the company has good news to impart because it is holding a Capital Markets Event on that afternoon.

(Profile 05.12.19 @ 185p set a Target Price of 250p)

(Profile 20.05.20 @ 99p set a Target Price of 150p*)

N Brown Group (LON:BWNG) – holdings being added to

It is worth noting that Schroders are still buying shares in this digitally switched online retail group. Now up to 12.1% of its equity.

Combine that with the ongoing acquisition of more shares by one of the group’s directors Joshua Alliance, now up to 21.2m shares representing 4.61%, his holding has grown quite rapidly in the last few weeks.

The group’s trading year is to the end of this month, so we should be getting an update towards the end of March, is my guess.

The shares, which touched 80p in mid-January, closed last night at 73.1p, and still looking cheap.

(Profile 06.07.20 @ 36.15p set a Target Price of 50p*)

Corero Network Security (LON:CNS) – finals due very soon

In the next two week’s we should be informed of the date for this cyber defence solutions business to announce its finals to end December 2020.

In the meantime, the group’s shares are performing very well, closing a little lower at 13p, after touching 16.75p at one stage following the 19 January Trading Update which inferred a strong performance for the year.

Hold very tight.

(Profile 14.04.20 @ 4.2p set a Target Price of 6.5p*)

Fonix Mobile (LON:FNX) – just get ready to dial in

Next Monday sees this UK focused mobile payments and messaging company present its interim results for the six months to end December.

The shares have performed well this month, touching 160p at one stage this week before ending the day yesterday at 157p.

My Target Price could be achieved very soon.

(Profile 01.02.21 @ 136p set a Target Price of 170p)

Volution Group (LON:FAN) – a real wind in its sails

This fast-expanding global ventilation products group will be announcing its interim results, to the end of January this year, within the next three weeks or thereabouts.

We understand that trading performance for the period was strong, with its operating trading margin of 20% having been achieved.

The shares fell back by 12p yesterday to just 321p, they reached 338.5p in the last week.

I remain confident that my Target Price will be attained fairly soon.

(Profile 23.05.19 @ 174p set a Target Price of 250p*)

(Profile 25.01.21 @ 301.5p set a Target Price of 350p)

In this weekly summary, Mark Watson-Mitchell updates his readers on previous company profiles and other news of interest from the exciting world of small cap stocks…


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