External broker reports(aggregated public sources), ABN AMRO

ABN AMRO

External broker reports(aggregated public sources)

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Macroeconomics

<ul><li>Eurozone inflation picked up in line with expectations to 3.2% in May, from 3% in April, while core inflation surprised to the upside, rising to 2.5% (ABN/consensus: 2.4%) from 2.2%.</li><li>Energy continues to be the biggest driver of inflation, but held steady in May at 10.9% y/y, as a rise in petrol prices was probably offset to a greater extent than expected by falling diesel prices.</li><li>Indeed, as we pointed out in our latest Global Monthly, the gap between diesel and petrol – which widened as refineries struggled to replace lost Middle Eastern diesel supply – has now largely normalised as European refineries filled the gap. </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.

Eurozone inflation picked up in line with expectations to 3.2% in May, from 3% in April, while core inflation surprised to the upside, rising to 2.5% (ABN/consensus: 2.4%) from 2.2%.Energy continues to be the biggest driver of inflation, but held steady in May at 10.9% y/y, as a rise in petrol prices was probably offset to a greater extent than expected by falling diesel prices.Indeed, as we pointed out in our latest Global Monthly, the gap between diesel and petrol – which widened as refineries struggled to replace lost Middle Eastern diesel supply – has now largely normalised as European refineries filled the gap. 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.

Services drives May eurozone inflation rise

Smartkarma's AI Co-Pilot, Smartkarma

αSK

Smartkarma's AI Co-Pilot

Smartkarma

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Research Reinvented

Equity Bottom-Up

Doric Nimrod Air Two Ltd. is an aircraft leasing company. The Company acquires, leases and then sells aircraft.

<ul>
 <li>
Investment Realization Phase: <a href="https://smartkarma.com/entities/doric-nimrod-air-two-ltd">Doric Nimrod Air Two</a> is in its final operational phase, having fulfilled its objective of acquiring, leasing, and selling its aircraft fleet. The company has entered into a binding agreement to sell its remaining five Airbus A380 aircraft to the lessee, Emirates, following the expiry of their 12-year leases.</li>
 <li>
Certainty on Asset Disposal: The sale of all seven A380s to the sole lessee, Emirates, has removed the most significant risk factor—the residual value and remarketing uncertainty of the out-of-production A380 aircraft in a weak secondary market. The agreed sale price provides a clear path to a final cash distribution to shareholders.</li>
 <li>
Imminent Liquidation and Capital Return: The company is set to be liquidated following the completion of the aircraft sales. Shareholders can expect a final distribution of the sale proceeds and remaining cash, net of costs, in the first quarter of 2025, marking the conclusion of the investment.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
Investment Realization Phase: Doric Nimrod Air Two is in its final operational phase, having fulfilled its objective of acquiring, leasing, and selling its aircraft fleet. The company has entered into a binding agreement to sell its remaining five Airbus A380 aircraft to the lessee, Emirates, following the expiry of their 12-year leases.
  
Certainty on Asset Disposal: The sale of all seven A380s to the sole lessee, Emirates, has removed the most significant risk factor—the residual value and remarketing uncertainty of the out-of-production A380 aircraft in a weak secondary market.  The agreed sale price provides a clear path to a final cash distribution to shareholders.
  
Imminent Liquidation and Capital Return: The company is set to be liquidated following the completion of the aircraft sales. Shareholders can expect a final distribution of the sale proceeds and remaining cash, net of costs, in the first quarter of 2025, marking the conclusion of the investment.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Doric Nimrod Air Two (DNA2 LN) - Jun 2026

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.

Ecora Resources PLC is a royalty company focused on supporting the supply of commodities. Mining operations located in Australia, Canada, and South America.

<ul><li>What you need to know: • Mining royalties and streams have performed well over the last few years as rising commodity prices led to increased margins and ROIC.</li><li>• Government support for the mining industry is fast-tracking projects in Canada, the U.S., and Australia, unlocking value for royalty firms faster.</li><li>• There has been significant M&A over the last year, providing higher valuation benchmarks for assets.</li></ul>

What you need to know: • Mining royalties and streams have performed well over the last few years as rising commodity prices led to increased margins and ROIC.• Government support for the mining industry is fast-tracking projects in Canada, the U.S., and Australia, unlocking value for royalty firms faster.• There has been significant M&A over the last year, providing higher valuation benchmarks for assets.

ECORA RESOURCES PLC - Mining Royalties: Staying Bullish on Mining Royalties & Streams

Research from ACF Equity Research, ACF Equity Research

ACF Equity Research

Research from ACF Equity Research

Accuracy | Clarity | Foresight

ACF was set up to improve the effectiveness of capital markets for smaller and mid-sized companies. The majority of jobs are created by smaller companies not global companies. If we can help improve companies use of capital markets more projects will be completed, more jobs created, more global GDP grown, which in turn helps create more resources for education, leading to equality and opportunity for those who are still oppressed by ignorance and poverty.

ACF Equity Research is an independent research house specialising in the highest specification independent equity research for corporate clients.

We deliver premium independent corporate sponsored equity research characterised by its accuracy, clarity and foresight based upon a fundamental valuation approach.

Our independent research is designed to educate our professional investor readers about your company, with an emphasis on clear and accurate explanations. Our mission is to improve company’s liquidity through credible equity research services, excellent international distribution and reliable access for investment managers.

We believe in the importance and value of clarity, the careful articulation of technical ideas, concepts and solutions.

Our team of analysts are independently minded individuals who believe in thoroughness, technical competence and clear punchy communications.

Mast Energy Developments / Equity Bottom-Up

Mast Energy Developments PLC operates as an energy holding company. The Company acquires and develops a portfolio of flexible, small scale, and multiple reserve power generation plants producing clean power through natural gas. Mast Energy Developments serves clients in the United Kingdom.

<ul><li>Quantum Data Energy (QDE.L) announced, in an RNS Tuesday 02 June 26, the successful replacement of its auditor Crowe by auditor Parker Russell UK LLP.</li><li> The management team is completely focussed on completing the 31 Dec YE25 audit and will release a new timeline in due course in order that the temporary suspension of QDE’s shares can be reversed.</li><li>Crowe has not disclosed any s519 findings to justify its decision to resign and continues to act as auditor for QDE’s SPVs. We await he revised publication timeline and maintain our temporarily raised ‘uncertainty’ discount rate by 350bps to reflect elevated execution risk.</li></ul>

Quantum Data Energy (QDE.L) announced, in an RNS Tuesday 02 June 26, the successful replacement of its auditor Crowe by auditor Parker Russell UK LLP. The management team is completely focussed on completing the 31 Dec YE25 audit and will release a new timeline in due course in order that the temporary suspension of QDE’s shares can be reversed.Crowe has not disclosed any s519 findings to justify its decision to resign and continues to act as auditor for QDE’s SPVs. We await he revised publication timeline and maintain our temporarily raised ‘uncertainty’ discount rate by 350bps to reflect elevated execution risk.

Quantum Data Energy (QDE.L) Flash Note Parker Russell Puts Audit Back Underway 03062026

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.

Calnex Solutions PLC designs, produces, and markets test instrumentation and solutions. The Company offers products and services for network synchronization and network emulation. Calnex Solutions serves telecoms network operators, network providers, systems suppliers, laboratories, and network infrastructure worldwide.

<ul>
<li>The provider of test and measurement solutions for global telecommunications, digital infrastructure and government &amp; defence markets reports finals to 31 March 2026.</li>
<li>Revenue increased 19% to £21.875m reflecting strong operational execution and growing momentum across adjacent end markets and there is a small improved gross margin to 76%.</li>
<li>This led to a 53% increase in EBITDA to £1.756m and a 73% improvement in PBT to £1.344m to give EPS growth to 0.8p from 0.36p. </li>
</ul>


The provider of test and measurement solutions for global telecommunications, digital infrastructure and government &amp; defence markets reports finals to 31 March 2026.
Revenue increased 19% to £21.875m reflecting strong operational execution and growing momentum across adjacent end markets and there is a small improved gross margin to 76%.
This led to a 53% increase in EBITDA to £1.756m and a 73% improvement in PBT to £1.344m to give EPS growth to 0.8p from 0.36p. 


United Kingdom
Insights on United Kingdom

Services drives May eurozone inflation rise

Eurozone inflation picked up in line with expectations to 3.2% in May, from 3% in April, while core inflation surprised to the upside, rising to...

ABN AMRO

Primer: Doric Nimrod Air Two (DNA2 LN) - Jun 2026

Investment Realization Phase: Doric Nimrod Air Two is in its final operational phase, having fulfilled its objective of acquiring, leasing, and...

αSK

ECORA RESOURCES PLC - Mining Royalties: Staying Bullish on Mining Royalties & Streams

What you need to know: • Mining royalties and streams have performed well over the last few years as rising commodity prices led to increased...

Atrium Research

Quantum Data Energy (QDE.L) Flash Note Parker Russell Puts Audit Back Underway 03062026

Quantum Data Energy (QDE.L) announced, in an RNS Tuesday 02 June 26, the successful replacement of its auditor Crowe by auditor Parker Russell UK...

ACF Equity Research

Hybridan Small Cap Feast: 26 May 2026

The provider of test and measurement solutions for global telecommunications, digital infrastructure and government & defence markets reports...

Hybridan