Research from Hardman & Co, Hardman & Co

Hardman & Co

Research from Hardman & Co

Investment research on quoted companies and funds

Hardman & Co is a multi-disciplinary financial consultancy and investment research firm, employing highly experienced analysts and professionals with a broad range of capital markets expertise. Our clients are public and private businesses as well as fund managers, ranging from start-ups to £1 billion+ market capitalisations. Hardman & Co offers corporate research & consultancy, serving the needs of both public and private companies. We produce gold-standard research with a global reach for trading and investment companies, as well as providing market commentary and analysis. In addition, we carry out a number of bespoke investment-related assignments, including due diligence on bond listings, assessments of private company valuations and other corporate advisory services. We engage with the market through traditional and digital media, offering illuminating video content on corporate management strategy, results communication, interviews and in-house sector discussion.

Equity Bottom-Up

ICG Enterprise Trust plc / Equity Bottom-Up

ICG Graphite Enterprise Trust plc is an investment trust incorporated in the United Kingdom with a diversified portfolio of equity assets. The aim of the Fund is to provide shareholders with long-term capital growth through investment in unquoted companies, mainly through specialist funds but also directly.

<ul><li>ICGT recently hosted two webinars to answer questions submitted by Hardman & Co readers.</li><li>In Part 1, the manager discussed the trust’s approach to PE investing, and its positioning in uncertain times through its defensive growth strategy.</li><li>He also reviewed recent market challenges, the outlook for transaction activity/exit uplifts, AI opportunities and risks (including the impact on software).</li></ul>

ICGT recently hosted two webinars to answer questions submitted by Hardman & Co readers.In Part 1, the manager discussed the trust’s approach to PE investing, and its positioning in uncertain times through its defensive growth strategy.He also reviewed recent market challenges, the outlook for transaction activity/exit uplifts, AI opportunities and risks (including the impact on software).

ICG Enterprise Trust plc - Investor questions answered and 1HFY’27 results

Research from Atrium Research, Atrium Research Corporation

Atrium Research

Research from Atrium Research

Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis. 

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

CEMATRIX Corporation manufactures construction materials. The Company supplies and installs lightweight cellular concrete, walls, bridge approach fills, roadways, and runways. CEMATRIX serves customers in North America.

<ul><li>What you need to know: • North American infrastructure is aging and underfunded while the underlying demand accelerates.</li><li>AI, data centres, and electrification are driving the fastest growth in power needs in decades, straining a grid and asset base that is already past its prime.</li><li>• Governments on both sides of the border have responded with historic commitments.</li></ul>

What you need to know: • North American infrastructure is aging and underfunded while the underlying demand accelerates.AI, data centres, and electrification are driving the fastest growth in power needs in decades, straining a grid and asset base that is already past its prime.• Governments on both sides of the border have responded with historic commitments.

CEMATRIX Corp - Small-Caps Taking Advantage of Infrastructure Themes

Research Coverage on Small and Micro-Cap Companies, Zacks Small Cap Research

Zacks Small Cap Research

Research Coverage on Small and Micro-Cap Companies

Zacks Small Cap Research provides research coverage on small- and micro-cap companies that are “under-followed” or “under-valued” by Wall Street. We produce high quality equity research for the institutional and retail investor on microcap firms we believe are well positioned for future growth. The Zacks SCR analyst team has an average of 20 years of experience in investment research. We conduct significant due diligence in an effort to maintain the highest quality small-cap universe.

New Horizon Aircraft Ltd. operates as an aerospace engineering company. The Company develops hybrid eVTOL that is to be able to fly most of its mission exactly like a normal aircraft while offering industry-leading speed, range, and operational utility. New Horizon Aircraft serves customers worldwide.

<ul><li>Horizon Aircraft released first-quarter results, which showed a marked increase in R&D spending (primarily related to engineering activities) as the company ramps up development of its full-scale demonstrator aircraft.</li><li> The company's balance sheet remains very strong, and it believes it has adequate cash to fund the next two years of operations.</li><li> The company continues to work on integrating several key systems to assemble its full-scale demonstrator within six months.</li></ul>

Horizon Aircraft released first-quarter results, which showed a marked increase in R&D spending (primarily related to engineering activities) as the company ramps up development of its full-scale demonstrator aircraft. The company's balance sheet remains very strong, and it believes it has adequate cash to fund the next two years of operations. The company continues to work on integrating several key systems to assemble its full-scale demonstrator within six months.

HOVR: Investing in the Full-Scale X7 Demonstrator While Navigating Choppy EVTOL Seas.

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

<ul>
<li>Inox Air, India's largest integrated gases company with a 22.4% share in FY26. Company has 31.0% market share in merchant Gases, 17.8% in on site Gas Supply.</li>
<li>It turns free air into a 51.3% EBITDA margin and also out earns Linde India.</li>
<li>The company has the highest margins and leadership among the peer group. Full IPO is OFS, nothing is added as new capex.</li>
</ul>


Inox Air, India's largest integrated gases company with a 22.4% share in FY26. Company has 31.0% market share in merchant Gases, 17.8% in on site Gas Supply.
It turns free air into a 51.3% EBITDA margin and also out earns Linde India.
The company has the highest margins and leadership among the peer group. Full IPO is OFS, nothing is added as new capex.


Selling Air: INOX Air Products Limited IPO

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.

Beacon Energy PLC is an international upstream oil and gas company focused on developing near-term, cash-generative gas assets. Its core focus is the Colle Santo gas field in Italy, one of the largest undeveloped onshore gas fields in Western Europe. The company was founded in September 2006 and is headquartered in Douglas, Isle of Man.

<ul><li>7th October 2026 @HybridanLLP Our daily digest of news from UK Small Caps * Alphabetically arranged and priced on Share Price and Market Capitalisation during the time of writing on the day of Publication.</li><li> ** Arranged by type of listing and date of announcement.</li><li>*** Potential means Intention to Float (ITF) or similar announcement has been made.</li></ul>

7th October 2026 @HybridanLLP Our daily digest of news from UK Small Caps * Alphabetically arranged and priced on Share Price and Market Capitalisation during the time of writing on the day of Publication. ** Arranged by type of listing and date of announcement.*** Potential means Intention to Float (ITF) or similar announcement has been made.

Beacon Energy PLC - Duplicate of Small Cap Feast: 7 October 2026

Equity Bottom-Up
Equity Bottom-Up Insights

ICG Enterprise Trust plc - Investor questions answered and 1HFY’27 results

ICGT recently hosted two webinars to answer questions submitted by Hardman & Co readers. In Part 1, the manager discussed the trust’s approach...

Hardman & Co

CEMATRIX Corp - Small-Caps Taking Advantage of Infrastructure Themes

What you need to know: • North American infrastructure is aging and underfunded while the underlying demand accelerates. AI, data centres, and...

Atrium Research

HOVR: Investing in the Full-Scale X7 Demonstrator While Navigating Choppy EVTOL Seas.

Horizon Aircraft released first-quarter results, which showed a marked increase in R&D spending (primarily related to engineering activities)...

Zacks Small Cap Research

Selling Air: INOX Air Products Limited IPO

India's largest industrial gas firm, Inox Air Products held a 22.4% FY26 revenue share. Backed by 57 sites and massive infrastructure, it serves...

Sudarshan Bhandari

Beacon Energy PLC - Duplicate of Small Cap Feast: 7 October 2026

7th October 2026 @HybridanLLP Our daily digest of news from UK Small Caps * Alphabetically arranged and priced on Share Price and Market...

Hybridan