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Flash Notes
Welcome to CAG's Flash Notes, a Capital Access Group podcast summarising our latest research into concise 3 minute audio notes.
This series, in conversation with our analysts, aims to reveal, and make known to investors misunderstood and interesting facts about the companies on which we produce research
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Episodes
- Flash Notes
Capital Access Group Flash Notes | Seplat Energy: 3Q/9M26 results – Heading for a stellar year
Despite some headwinds, Seplat reported a strong set of results for the period to September and is on track for a stellar year. Production continues to…
- Flash Notes
Capital Access Group Flash Notes | Sulnox: 2QFY27 trading update – 45% YoY revenue growth
Sulnox continues to grow rapidly, generating record revenue in the quarter to June of £984k, up 19% QoQ and up 45% YoY. For the first six months revenue…
- Flash Notes
Capital Access Group Flash Notes | AltynGold 1H26 results – a record half
AltynGold reported record results for the half to June with net profit up 58.4% YoY to US$42.7m and adjusted EBITDA up 55.4% to US$68.5m, driven by higher gold…
- Flash Notes
Capital Access Group Flash Notes | TheraCryf: FY26 results – Ox-1 programme on track
TheraCryf has announced results for the year to March 2026 in line with management’s expectations. Closing net cash was £1.5m, ahead of the post-period-end…
- Flash Notes
Capital Access Group Flash Notes | Sulnox: New four-year supply agreement accelerates uptake
Sulnox has signed a new four-year contract with existing client, Spring Marine almost doubling current sales of its Sulnox Eco fuel conditioner to Spring…
- Flash Notes
Capital Access Group Flash Notes | Craneware: FY26 results – 340B impact severe
While Craneware reported top line results for the year to June in line with previously updated guidance, the impact of the disruption in the operation of the…
- Flash Notes
Capital Access Group Flash Notes | Galliford Try: FY26 results continue to exceed expectations
Galliford Try reported its sixth consecutive year of growth with its results to June. An increase of 3.0% YoY in revenue to £1,931.1m translated into a 24.2%…
- Flash Notes
Capital Access Group Flash Notes | Personal Group: 1H26 results – EPS +28% to 12.3p
Personal Group’s results for the half to June reflect the positive trading statement including group revenue up 10% to £25.7m YoY and adjusted EBITDA up 22% to…
- Flash Notes
Capital Access Group Flash Notes | Sulnox FY26 results: Revenue +134%, gross profit trebled
Sulnox reported results for the year to March 2026, confirming strong revenue growth of 134% YoY to £2.6m. Gross profit trebled to £0.7m on an improved margin…
- Flash Notes
Capital Access Group Flash Notes | TheraCryf - £1.1m raise progressing Ox-1 to clinical trial
TheraCryf has announced an equity raise of £1.05m, gross by way of a placing and subscription focusing on completing the clinic-enabling programme for the…
- Flash Notes
Capital Access Group Flash Notes | AltynGold: 2Q26 update – QoQ recovery; on track for FY26
AltynGold’s results for 2Q26 reflect a strong recovery in production QoQ following a return to normal mining conditions during the quarter. The balance of the…
- Flash Notes
Capital Access Group Flash Notes | Sulnox: 1Q27 trading update – 54% YoY revenue growth
Sulnox continues to deliver high rates of revenue growth from its drop-in fuel conditioners with sales up 54% YoY to £0.8m. Besides the continuing rapid growth…
- Flash Notes
Capital Access Group Flash Notes | Seplat Energy: 2Q26 results – Strong performance; SEPNU transaction
Seplat has reported a strong set of results for 1H26 reflecting a rebound in production QoQ and benefitting from strong liquids realisations including a…
- Flash Notes
Capital Access Group Flash Notes | Personal Group: 1H26 trading update – delivering on the promise
Personal Group has released a positive update for the half to June. Group revenue increased by 10% YoY to £25.7m (1H25 £23.3m) demonstrating robust revenue…
- Flash Notes
Capital Access Group Flash Notes | Galliford Try: FY26 trading update - yet another strong year
Galliford Try has released another positive trading update with adjusted profit before tax for the year to June expected to be at the top end of the…
- Flash Notes
Capital Access Group Flash Notes | Keep calm and carry on: Investment strategies for an uncertain world
There has been no shortage of events to keep investors on their toes in recent months and years, from wars in Ukraine, Gaza and Iran to political uncertainty…
- Flash Notes
Capital Access Group Flash Notes | BlackRock World Mining: Digging Deep and Riding High
While the sector may be highly cyclical and has at times had its ‘wilderness years’, a diversified allocation to commodities has consistently proved its strong…
- Flash Notes
Capital Access Group Flash Notes | International Public Partnerships: Securing the future through reinvestment
INPP was born in response to a policy-driven investment opportunity, but rather than tailing off as its initial public-private partnership (PPP) projects…
- Flash Notes
Capital Access Group Flash Notes | FY26 update – impacted by weak 340B transactions
Following a strong 1HFY26 performance, Craneware has released a trading statement for the year to 30 June identifying an unexpected slowdown in 340B…
- Flash Notes
Capital Access Group Flash Notes | BlackRock Energy & Resources Income - Primed to benefit from global megatrends
BlackRock Energy and Resources Income Trust (BERI) is reaping the benefits of its threefold focus on conventional energy, mining and energy transition, with…
- Flash Notes
Capital Access Group Flash Notes | Sulnox - EPS expansion reaffirms compelling proposition
Sulnox has signed a very large new supply contract with Eastern Pacific Shipping (EPS) for quintuple the volumes and more than double the tenure of the first…
- Flash Notes
Capital Access Group Flash Notes | Seplat: Update, succession
We recently attended a scheduled update for analysts hosted by Seplat CFO, Eleanor Adaralegbe which addressed the recently announced Board succession plans as…
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Capital Access Group Flash Notes | BlackRock Frontiers – True diversification requires true differentiation
Index concentration has accelerated and the US now makes up 63% of the MSCI ACWI, while China, Taiwan and South Korea together account for the same share of…
- Flash Notes
Capital Access Group Flash Notes | AltynGold: 1Q26 update – strong revenue performance
AltynGold delivered a strong revenue performance in 1Q26 despite operational issues impacting QoQ production and gold grade. Near record quarterly revenue of…
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Capital Access Group Flash Notes | Galliford Try: Site visit – all systems go; water is a huge opportunity
Galliford Try recently hosted an investor and analyst visit to some of the projects it is undertaking in Hampshire for Southern Water. A wide range of the…
- Flash Notes
Capital Access Group Flash Notes | Sulnox: 4Q/FY26 update – revenue +134% YoY
Sulnox delivered a year of accelerated commercial traction, reporting FY26 revenue to the end of March up 134% YoY to £2,623k, and ahead of our estimate…
- Flash Notes
Capital Access Group Flash Notes | Seplat Energy: 1Q26 results – Dividend hike demonstrates confidence
Seplat reported a robust quarter financially despite operational issues as it benefitted from exceptionally strong realisations, achieving an 11% premium to…
- Flash Notes
Capital Access Group Flash Notes | AltynGold: FY25 results – a transformational year
For AltynGold, 2025 was a transformational year. The company reported record results for the year to December 2025 benefitting from the increase in the gold…