NB Private Equity Partners’ (LON:NBPE) mature portfolio, resilient 9% EBITDA growth and accelerated buyback plans are all in focus as Hardman & Co analyst Mark Thomas explains why realisations could improve despite short-term market noise. The discussion also covers dry powder, AI-driven efficiency gains, continuation funds, dividend policy and the key risks investors should watch.

Key Moments

00:04 — Mark Thomas joins to discuss NB Private Equity Partners
00:22 — Why the Hardman report sits behind a standard investment disclaimer
00:48 — The key message from Hardman’s latest NBPE results report
01:00 — 9% EBITDA growth underpins resilient portfolio performance
01:21 — Why NAV growth lagged EBITDA growth
01:36 — A mature portfolio and improving conditions for realisations
02:04 — Five drivers behind Hardman’s confidence in medium-term exits
02:12 — Why NBPE’s portfolio is exit-ready
02:23 — Dry powder and larger funds as natural buyers
02:57 — GPs face growing pressure to deliver liquidity
03:04 — How AI efficiency gains could support private equity returns
03:30 — Continuation funds and new exit routes
03:39 — Why realisations may remain lumpy quarter to quarter
04:09 — NBPE’s updated capital allocation framework
04:16 — Acceleration of the $120m buyback programme
04:26 — Increased allocation to new investments
04:41 — Dividend policy targeting at least 3% of NAV
04:53 — Further $120m allocated to buybacks in June 2026
05:04 — Buybacks total $240m over 15 months, equal to 19% of NAV
05:17 — Key risks facing NBPE and the listed private equity sector

A fresh hit of 27.2 metres at 1.69g/t gold has put Oriole Resources’ (LON:ORR) Mbe project back in focus, with CEO Martin Rosser pointing to “meaningful” resource growth once the remaining assays and updated mineral resource estimate land. With Mbe already standing at 1.23Moz across Mbe South and Mbe North, and BCM International now holding a 50% interest, the interview frames the next phase as a test of how much larger this Cameroon gold story can become.

Key Moments

00:05 — Martin Rosser joins to discuss Oriole’s latest Mbe step-out drilling results
00:23 — 27.2m at 1.69g/t gold and why it matters for Mbe South
00:43 — Rosser signals confidence in a meaningful resource increase
01:19 — Remaining assays expected by month-end
01:46 — Updated Mbe South mineral resource estimate targeted for early Q3
02:05 — Mbe’s current 1.23Moz resource base across South and North
02:23 — Mineralisation remains open in all directions and at depth
03:35 — Wider Mbe licence targets add further exploration upside
03:58 — BCM’s 50% interest and the formal joint venture nearing completion
04:10 — How BCM’s financial strength, African mining experience and rigs support the next phase
05:14 — Rosser thanks the field teams and looks ahead to further work

Cora Gold (LON:CORA) CEO Bert Monro explains why the company is launching a 12,000-metre drilling campaign at Sanankoro just as the project moves closer to construction. With Sanankoro fully funded to production, a 10-year reserve life already outlined and every deposit still open along strike and at depth, this interview sets out why Cora sees the next phase of drilling as a chance to optimise the mine plan, extend resources and test fresh targets across a large, underexplored gold system.Key Moments

00:15 — Cora Gold launches a 12,000-metre drill programme at Sanankoro
00:47 — Fully funded and moving towards construction and production
01:24 — What full funding means for exploration and long-term value
01:39 — 10-year reserve life, one million ounces of resources and open deposits
02:05 — Drilling window ahead of Mali’s wet season
02:26 — Why Sanankoro could grow beyond the current mine plan
03:18 — Zone B targeted for almost 40% of the planned drilling
03:46 — Infill drilling could connect Zone B deposits into larger pits
04:18 — Selin’s western zone and deeper extensions under the spotlight
04:47 — Transitional material at Selin could strengthen the mine plan
05:34 — Greenfield targets and new discovery potential
06:23 — Why Sanankoro may still have “an awful lot more to give”
06:56 — Large permit area underpins longer-term exploration upside
07:22 — Historical Goldfields data and earlier-stage targets to follow up
08:02 — FEED work begins as Sanankoro moves closer to construction

Corero Network Security (LON:CNS) CEO Carl Herberger explains why DDoS protection is moving from a cybersecurity add-on to a business-critical requirement, as AI workloads, data centres and always-on digital services become increasingly exposed. He also outlines the company’s software-led approach, managed service model, partner strategy and the investor events planned following Corero’s Edinburgh Investor and Analyst Day.

Key Moments

00:04 — Carl Herberger introduces Corero Network Security
00:22 — Why Corero chose Edinburgh for its Investor and Analyst Day
01:07 — Key takeaways from the investor event
01:35 — A deeper look at Corero’s product roadmap and threat research
02:17 — Michelle McBain’s channel and alliance strategy
03:14 — Corero’s software-only advantage
04:29 — Fully managed DDoS protection and AI-driven automation
05:03 — Partnerships with HPE, Juniper Networks, Akamai and GTT
05:36 — Speed of detection and mitigation as a competitive edge
06:07 — Why DDoS protection is becoming essential for businesses
07:13 — How AI infrastructure is changing the DDoS threat landscape
07:49 — Future investor events in New York and Boston

What Corero Network Security does
Corero Network Security provides DDoS protection and cyber resilience solutions designed to detect, mitigate and manage attacks that threaten the availability of networks, applications and infrastructure.

Cerillion Plc (LON:CER) Chief Executive Officer Louis Hall explains why the company’s interim results point to a heavily second-half weighted year, with new orders more than doubling to £40m, the back order book rising 64% to £82m, and the £42.5m Omantel contract setting up a potential Middle East “lighthouse” account.Key Moments

00:24 — New orders more than double to a record £40m
01:00 — Back order book climbs 64% to £82m
01:12 — Why revenue and margins are weighted towards H2
01:37 — Cash rises 4% to £2.5m
01:53 — Omantel contract lands as Cerillion’s largest ever deal
02:05 — Full software suite to support 3.5m Omantel customers
02:51 — Why Omantel could unlock further Middle East growth
03:13 — New customer pipeline reaches £271m after the Omantel win
03:36 — Pipeline strength supports confidence into FY27 and FY28

Cerillion provides billing, charging and customer management software for telecoms and subscription-based businesses, helping operators manage services across fixed, mobile and broadband networks.

Gervais Williams explains why The Diverse Income Trust (LON:DIVI) has continued to benefit from stronger equity markets, why UK income stocks may be entering a more favourable phase, and how higher oil prices, tariffs and political uncertainty could shape dividend growth. He also outlines where the trust has been finding income potential, including Yu Group, PayPoint and TP ICAP, before setting out what shareholders should understand about the reconstruction and upcoming dividend payments.

Key Moments

00:04 — Gervais Williams returns to discuss The Diverse Income Trust
00:13 — What has driven the trust’s recent share price momentum
01:20 — Why UK equities may deserve a fresh look from global investors
02:58 — Political uncertainty, the King’s Speech and UK-listed companies
04:23 — Inflation, geopolitics and the outlook for interest rate cuts
05:40 — Where higher-for-longer rates could hit hardest
06:49 — Holdings showing income growth and recovery potential
09:03 — The liquidation proposal, shareholder options and dividend payments

Sintana Energy (LON:SEI) is entering a busier phase on both sides of the Atlantic, with fresh capital aimed at major exploration exposure in Namibia, while carried programmes in Namibia and Uruguay continue to advance. In this interview, Robert Bose and Eytan Uliel set out why Mopane, PEL 90, Uruguay seismic, Angola entry and governance concerns are all central to the next chapter for investors.

Key Moments

• 00:21 – Fresh capital raise sets up near term activity across Namibia and Angola
• 01:00 – Mopane three well exploration and appraisal campaign expected to begin in August
• 02:16 – Chevron led PEL 90 exploration well Nava 1 targeted for Q4
• 03:22 – Sintana outlines planned Angola entry and Walvis Basin expansion
• 04:18 – Uruguay progress remains fully carried, with Chevron shooting 3D seismic
• 05:20 – Management open to selling PEL 83 exposure if value is compelling
• 07:04 – Investor excitement builds around Africa and large scale offshore exploration
• 10:03 – Eytan Uliel argues Mopane alone could be worth more than Sintana’s market cap
• 11:29 – Management incentives and share ownership explained
• 15:29 – Uruguay seismic update points to fast track results by year end
• 16:58 – Uruguay expected to follow the carried interest model seen in Namibia
• 17:45 – Management addresses market cap gap and Mopane valuation frustration
• 20:07 – Corporate governance criticism addressed directly
• 24:24 – Final message to investors: management remains available and focused on execution

Sintana Energy is an oil and gas exploration company focused on major opportunities across emerging offshore and onshore basins, with exposure to Namibia, Uruguay and Angola through partnerships with major industry operators.

Ilika Plc (LON:IKA) CEO Graeme Purdy says the company has reached a key commercial inflection point, with Stereax now shipping into medical device supply chains and revenues expected to multiply in the current financial year. He also explains how Goliath remains aligned with EV demand through grant-backed development, while new opportunities in e-bikes and defence applications could broaden the battery platform’s relevance beyond automotive.

Key Moments

00:13 — Trading update highlights Stereax’s commercial transition
00:36 — Product-related Stereax revenues now recognised
01:11 — Commercial-grade electrodes shipped to Cirtec Medical
01:27 — Royalties expected as end products reach customers
01:39 — Stereax applications across orthodontics and diagnostics
02:06 — Smart orthopaedics and implanted sensor opportunities
02:36 — Neurostimulation and ophthalmic use cases
03:21 — Goliath revenue support through DRIVE35 grants
03:50 — Jaguar Land Rover and Oxford steer the roadmap
04:24 — Further grant opportunities through DRIVE35 and Horizon Europe
04:48 — EV market reset across the US, China and Europe
06:00 — Europe posts strong EV growth momentum
07:20 — Goliath roadmap expands into new sectors
07:37 — Brompton collaboration on safer e-bikes
07:49 — UK Defence Agency testing of 10Ah cells
08:17 — Annual results due 29 July with Investor Meet Company presentation

About Ilika Plc

Ilika plc develops solid-state battery technology. Its Stereax batteries are designed for miniature medical and industrial devices, while its Goliath programme targets larger-format cells for electric vehicles and other high-performance applications.