(Sharecast News) – The Financial Mail on Sunday’s Midas column recommended shares of Equipmake to readers, arguing that the ground-breaking business should go far.
Founded in 1997 by Formula One engineer, Ian Foley, the engineer manufactures various components for electric vehicles, as well as being able to design and make everything that makes an EV function.
Its expertise in the field is world-renowned, being the maker of a key component for the world’s fastest car, the Croatian made Rimac Nevera, and is taking part in development of the world’s first commercial aeroplane.
Motors for the occasional speed freak aside, Foley chose from the start to focus on specialist areas of the market, including buses or emergency vehicles.
That strategy paid off with the company now a supplier to two of the UK’s biggest bus groups, First Bus, and Go Ahead.
And revenues of £5.1m for this year are expected to accelerate to £24m by 2024/25.
“Environmental agendas are pervasive, with governments across the globe committed to achieving net zero carbon by 2050. None of those commitments will be possible without eco-friendly transport and Equipmake is at the centre of these endeavours,” Midas said.
“Over time, therefore, the firm should become materially larger and more profitable.”
The Sunday Times’s Lucy Tobin said shares of Hollywood Bowl were a good place for investors to park their cash looking for a strike.
She highlighted the company’s 20.7% revenue growth over the half year, “resilient” margins, and the stonking run at its Canadian business.
Tobin also called attention to the company’s dynamic pricing, which sees it launch “nimble” email blitzes of half-price dealswhen large sports evnts of good weather threaten to keep players away.
Analyst Roberta Ciaccia thought the same, arguing that the current share price “significantly” underestimated all those features.