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FocusIR Dec Webinar Video - ACF Equity Research

Wednesday, 06 December 2023

ACF’s Research – invited as speakers to focusIR Natural Resources Webinar 

LONDON – 06 December 2023 –LONDON – ACF Equity Research’s MD Christopher Nicholson and Head of ESG Renas Sidahmed join focusIR to present our recently published thematic on Rare Earths, China’s dominance, challenges of REE mining and some inside tips on modelling an REE company….click here to play

Play OTC Markets Annual Issuers Forum

Thursday, 15 December 2022

ACF’s Research – invited as speaker to OTCQX Annual Issuers Forum 

LONDON – 15 December 2022 –See ACF Equity Research’s interview at the OTCQX Issuers Forum 2022 with Proactive Investors on what we do, our plans for 2023 and our view on accessing US capital markets…click here to play

ACF News

Tuesday, 29 November 2022

ACF’s Research – signs My Language Connection as Official Language Partner

LONDON – 29 November 2022 – ACF Equity Research announced My Language Connection (MLC) as its official language partner. MLC offer a range of technical language services. This partnership allows ACF to immediately offer accurate, high quality multilingual research notes as part of its services to its clients and their investors….→continue reading

ACF Podcast

Podcast – ACF Executive Interview Part 3 Morgan Lekstrom, CEO, Silver Hammer Mining (HAMR.CN, OTC:HAMRF) Talks About His Investment Case

Part 3 – Listen and watch as Morgan Lekstrom, CEO of Silver Hammer, discusses how his investment case is differentiated and what to do about the coming silver supply squeeze with ACF Equity Research’s Renas Sidahmed and Christopher Nicholson. In this part 3 and final part of our HAMR.CN (OTC : HAMRF) executive interviews series, we ask how Silver Hammer is making a difference and what that difference is that makes the investment case stand out.

ACF Podcast

Podcast – ACF Executive Interview Part 2 Morgan Lekstrom, CEO, Silver Hammer Mining (HAMR.CN, OTC:HAMRF) Talks ESG in Mining

Listen and watch as Morgan Lekstrom, CEO of Silver Hammer, discusses ESG/Sustainability in the context of the future of mining with ACF Equity Research’s Renas Sidahmed and Christopher Nicholson. In this part 2 of our HAMR.CN (OTC : HAMRF) executive interviews series, we ask what Silver Hammer is doing about ESG/Sustainability – how ESG is impacting the sector and what Lekstrom would change if he could change one thing in mining.

ACF Podcast

Podcast – ACF Executive Interview Part 1 – Silver Hammer Mining (HAMR.CN, OTC:HAMRF) CEO, Morgan Lekstrom

Listen and watch as we discuss the future of mining with silver miner Hammer’s CEO Morgan Lekstrom and ACF Equity Research’s Renas Sidahmed and Christopher Nicholson. In the first of a series we ask HAMR.CN (OTC : HAMRF) what the challenges are for the future of mining, how ESG is impacting the sector and what some of the key trends are facing the mining sector. Morgan gives a dynamic and informed view of where things are going and what to look out for.

ACF Podcast

Podcast – ACF interviews Helium One (HE1.L, OTC: HLOGF) CEO, David Minchin

Listen in as we discuss HE1, helium miner, with its CEO, David Minchin and ACF Equity Research Technical Analyst, Zak Mir. We ask HE1.L (OTC : HLOGF) what helium is used for, how far out HE1 is funded, the economics of the business and what investors have to look forward to this year.  Helium is typically extracted alongside natural gas using a drill rig to penetrate the cap rock to reach the gas reserve. Crude helium is ‘fractioned’ from natural gas using cryogenic (cooling) separation.  HE1’s Rukwa project in Tanzania is the largest known global primary helium resource, according to the company.

ACF Podcast

Podcast – ACF interviews Danakali (DNK.L) Non-Executive Director, Neil Gregson

Listen in as we discuss Danakali (LSE: DNK), potash miner (sulphate of potash asset with 200 year LoM, in Eritrea) with DNK Non-Executive Director and ex JP Morgan portfolio manager, Neil Gregson, and ACF Equity Research Technical Analyst, Zak Mir. Mr Gregson discusses DNK’s competitive advantage, catalysts, change of leadership, and production and specific use of Sulphate of Potash (SoP).

ACF Podcast

Podcast – ACF interviews Guild Esports (GILD.L) Executive Chairman, Carleton Curtis

Listen in as we discuss GILD, e-sports specialist, with its Executive Chairman, Carleton Curtis and ACF Equity Research Technical Analyst, Zak Mir. We ask GILD
about its strategy and its recent deal with iconic brand, Subway and the ‘Gen Z’ audience, the contribution of GILD co-owner ex-international footballer and media star, David Beckham. Esports is at the top level a gaming business but its business model is that of a brand and marketing business – it sells audience.

ACF ESG Webinar Play

Webinar – How to raise your valuation via sustainability (ACF and OTC Markets)

Christopher Nicholson and Renas Sidahmed discuss how to get ahead of the curve by implementing an ESG policy that encourages investor interest and when done well can boost your valuation.

ACF Podcast

Podcast – ACF solutions for liquidity and volatility (Hosted by OTC Markets)

Curious about why liquidity and volatility matter so much to nano to
mid-cap companies? Listen in as we discuss with Christopher Nicholson
and Renas Sidahmed of ACF Equity Research. We talk about why these
companies should not take their eye off the ball, and provide some insights
on what you, a public company, should do, that you may not already be doing.

ACF Podcast

Podcast – ACF interviews BrandShield Systems (BRSD.L) CEO Yoav Keren

Listen in as we discuss BRSD, SAAS online brand reputation protection
specialist with its CEO, Yoav Keren and ACF Equity Research Technical Analyst, Zak Mir
We ask BRSD what is left to do to crystallise value. BRSD monitors external
threats to brand reputation and thereby protects digital asset value. BRSD monitors
detects and removes online threats to the value of digital assets. Such threats include
executive impersonation, trademark infringements and counterfeit products. BRSD looks outside of the firewall rather than inside it.

ACF Podcast

Podcast – ACF interviews Tirupati Grapahite (TGR.L) Chief of Corporate & Business Development. Puruvi Poddar

Listen in as we discuss TGR, vertically integrated graphite and graphene producer, with its Chief of Corporate & Business Development, Puruvi Poddar, and ACF Equity Research Technical Analyst, Zak Mir. We ask TGR about its expandable graphite market opportunity.  TGR has been waiting for compliance registration and so permission to sell into the EU market. Expandable graphite is used in flame retardancy in gaskets and seals in the vast European railway network and has other new promising applications. Europe is one of the world’s biggest markets for expandable graphite applications – and is currently largely supplied by China, according to TGR – TGR believes it can help change this dependency.

ACF Podcast

Podcast – ACF interviews Tirupati Graphite (TGR.L) Executive Chairman & Managing Director, Shishir Poddar

Listen in as we discuss TGR, vertically integrated graphite and graphene producer, with its Executive Chairman & Managing Director, Shishir Poddar, and ACF Equity Research Technical Analyst, Zak Mir. We ask TGR about its recent IPO, which ACF supported with its ACF HighTouchDistributionTM service.  TGR.L’s Exec Chairman believes there is growing demand for flake graphite, describes TGR.L’s incremental relationship and flexibility of capex and production, and provides key basic insights into the flake graphite market.

ACF News

Monday, 22 January 2018

ACF’s Research – MiFID II no obstacle to readers

LONDON – 22nd  January 2018 –ACF Equity Research produces research that falls under the non-monetary minor benefit group in MiFID II. As we do not seek payment from the asset management community and do not have any execution function, you will be able to continue receiving our research under the new MiFID II regime. ….→continue reading

ACF News

Monday, 23 January 2017

ACF best-in-class institutional and global equity research firm appointed by Gibraltar Stock Exchange

LONDON – 23rd January 2017 – Gibraltar Stock Exchange [GSX] – GSX Limited (‘GSX’), trading as the Gibraltar Stock Exchange, is a Gibraltar-based stock exchange, licensed by the Gibraltar Financial Services Commission since 2014 today announced that it had selected ACF Equity Research as a best-in-class institutional and global equity research provider, has approved ACF to provide its ground breaking new due diligence service…. .→continue reading

ACF News

Monday, 19 September 2016

ACF Selected as a best-in-class institutional and global equity research firm by US based OTC Markets.

LONDON – 15th September 2016 – OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced the launch of a new online resource for OTCQX® and OTCQB® companies seeking third-party research analyses and investment tools in collaboration with best-in-class institutional and global equity research firms ACF Equity Research…→continue reading

ACF News

Monday, 19 September 2016

OTC Markets Group Introduces Online Equity Research Hub in Collaboration with ACF Equity Research, Edison and Sidoti & Company, LLC

NEW YORK – September 19, 2016 – OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced the launch of a new online resource for OTCQX® and OTCQB® companies seeking third-party research analyses and investment tools in collaboration with best-in-class institutional and global equity research firms ACF Equity Research, Edison, and Sidoti & Company, LLC…→continue reading

ACF News

Monday, 23 November 2015

ISDX, the Recognised Investment Exchange, Selects ACF Equity Research as a Recognised Small and Mid-Cap Research Specialist

LONDON – 23rd November 2015 – ACF Equity Research has become the first independent equity research provider to be selected to join ISDX’s issuer services research list…→continue reading

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Christopher Nicholson, Managing Director, ACF Equity Research

Christopher Nicholson

Managing Director/Head of Research

I am a financial analyst, entrepreneur, professionally qualified equestrian and amateur eventer. Amongst others, I trained as a financial analyst at Global US based fund manager Legg Mason Investors and have been head of Technology and Media Equity Research at Bryan Garnier, a pan-European investment bank and brokerage.

I founded ORACA Independent Equity Research a ground breaking highly independent thinking large-cap secondary comm business and ACF Equity Research, a very high-quality independent issuer-pays small and mid-cap research business. I opened our first corporate finance business (Destrier Partners) and am approaching the launch of our first non-financial services business. In my view, I am only able to do these things because of the quality of the team I work with at ACF. For 11 years I broadcasted as an expert guest and wrote regularly in the leading pan-European and international media including Bloomberg Television, BBC Radio 4 and the Financial Times.

I studied Biochemistry at Kings followed by Economics at LSE and can conduct business in English and French, I speak German and have basic knowledge of Spanish and Italian. My free time, which I make sure I carve out, is in part each day spent on my passion – riding, competing with and caring for my horse(s).

 Mike Wort,Non-Executive Chairman, ACF Equity Research

Mike Wort

Non-Executive Chairman

I have managed over 20 IPOs in the US, UK and Europe from small to large cap, I am proud to be ACF Equity Research’s Non-Executive Chairman.

I am also Executive Chairman of Texadon Oil Plc focussed on oil & gas production in the Texas Gulf Basin and is a Non-Executive Director of UK AiM listed Diaceutics, a diagnostics commercialisation business. I am a life sciences communications expert and have a background in large and mega cap pharmaceuticals.

During my more  thann  20 IPOs and secondary raisings I have brought in well in excess of £600m.

In addition, I have co-founded a number of life science start-up companies in Europe and the USA.

I am a life science communications expert and former life sciences CEO (large to start-up). He graduated in microbiology and lectured to science undergraduates in both the UK and Nigeria. He joined the pharmaceutical industry, working in a number of senior sales, marketing and clinical roles for Glaxo, SmithKline and Wellcome in the UK and overseas.

Appointed IR Manager for Wellcome, I helped organise its global roadshow for a £2.4bn secondary offering.

I have consulted on and conducted M&A and DD in the life science sector and developed disaster recovery programmes for SME companies.

I worked with Deutsche Bank to privatise the Bulgarian pharmaceutical industry. As the CEO of Balkanpharma, I led the consolidation of the three key assets into one cohesive unit. Balkanpharma has, through a series of M&A activities, become a significant part of NYSE listed Allergan.

Formerly MD at De Facto Communications, Bell Pottinger’s healthcare offering, I recently retired from Walbrook, the UK’s most successful SME PR/IR agency.


Amalia Barnoschi, Head of Operations, ACF Equity Research

Amalia Barnoschi

Head of Operations

Joining ACF at its founding I started in financial services in 2007 on the sell-side with ORACA, a large-cap independent equity research business that changed the industry. Before financial services I was a highly successful and rapidly promoted young manager in manufacturing and have worked closely at board level for over 15 years with SMEs in the City and in other financial markets.

I co-run ACF with our MD, as Head of Operations, responsible for driving profitability and developing and designing processes and managing projects for ACF and for client partners to allow our portfolio of businesses to grow. I am bilingual English/Romanian, read Italian and am working towards my accountancy ACCA qualification with AAT.

I love to relax by making time for my favourite out-of-hours activity – photography – taking my first formal nature course in May 2018. I have a keen understanding and interest in horses, though not a rider, this is combined with a life-long love of polo.

Anne Castagnede, Head of Sales & Strategy, ACF Equity Research

Anne Castagnede

Head of Sales & Strategy

I am a sales professional with a top-tier luxury goods background. In the past 5 years I managed flagship boutiques as well as working for some of the great Haute Couture houses including Chanel and Jimmy Choo, where I established a reputation as a top performer by developing, maintaining and offering information and guidance to new and existing clients.

I have researched, recommended and implemented service opportunities as well as improvements. In the early days of my career I trained with Air France and later with Chanel. On my journey I acquired management skills from back office through to front office and have a high degree of practical IT literacy.

I know from personal experience that passion leads the way to perfection and my will to learn matched with my sales ability will result in clients being in very capable hands. My bilingual languages are French and English and I speak Spanish. Off-duty my passions are languages and art.

Renas Sidahmed, Sales & Strategy / Staff Analyst, ACF Equity Research

Renas Sidahmed

Head of ESG / Staff Analyst

I am a macro-economic and financial analyst, linguist, mathematician, professional dancer and chef. I worked for four years with the IMF, two and half years with the International Finance Corporation (IFC) and eight months with the World Bank in Washington DC.

I also wrote award winning research notes and met with senior politicians with varied global and local interests in both wealthy and less developed economies. My sector expertise includes natural resources (particularly oil & gas) healthcare, manufacturing, infrastructure and investment portfolio management.

At ACF, as part of my staff analyst role, I am also Head of ESG / Sustainability and its products and services.

Before joining ACF Equity Research, I worked with Japan’s second largest brokerage, Mitsubishi Bank, in the London office. I speak six languages including English (native), Italian, French and Arabic and obtained an MBA in Rome and a Mathematics degree from a sister Ivy League – Smith College. I joined ACF because of its entrepreneurial, female friendly City culture, overarching global values and excellent growth prospects.

Anthony Kimber

Anthony Kimber

Senior Analyst ESG / Sustainability

I have considerable experience in the wealth management and private banking industries. I am co-author of the Platforum UK Wealth Management Market Overview report, and previously was Research Director at PAM Insight, a specialist publisher for the wealth management industry. I engage in research and analysis both qualitative and quantitative and am an experienced project and business development manager. I have been commissioned by UHNWI's, companies and organisations for various bespoke projects.

I also contribute to major news and media organisations, compiling and analysing data and research for the Daily Telegraph and Evening Standard on national government and environmental issues. Prior, I contributed to the Guardian, the Spectator, BBC news and investigative programming, the Sunday Times, and the Sunday Times Rich List.

My interest in ESG and sustainability is focused on raising awareness and achieving practical and workable solutions to the climate crisis we are facing. I enjoy spending my free time with family and friends, watching cricket, theatre and film.

Anda Maria Onu, Sales & Strategy, ACF Equity Research

Anda Maria Onu

Sales & Strategy

I have strong analytical, planning and execution skills, I love working as part of a team both inside ACF and externally with our clients and prospective clients.

I am used to working with and within senior leadership teams and understand the needs of small and medium sized companies through my current and previous professional experience, I graduated in life sciences with a specialisation in Ecology and Environmental Protection in Romania in 2007 and for my first job I worked in a laboratory carrying out chemical analysis of industrial waste-water.

I am passionate about the environment and work as a volunteer for the Sussex Wildlife Trust doing conservation work at the Old Lodge nature reserve. In my spare time I am a school governor and have been a juror at the Royal Court of Justice. My hobbies are dance, horses, swimming, opera and theatre.

Zak Mir, Technical Analyst, ACF Equity Research

Zak Mir

Technical Analyst

Zak Mir has 30 years financial markets experience and understands credible influencing across digital channels in order to drive stock liquidity. He is an accomplished author.

I am part of ACF’s advisory and execution team helping growth companies (nano, micro, small and mid-cap) maximise their profiles to achieve the optimal investment message.

Amongst others I have worked for Man Group companies, Berkeley Futures and Sucden. I have been a technical analyst, derivatives broker and Chief Market Strategist for a number of brokers in the retail space developing and optimising client trading strategies. I ran the well-attended annual Master Investor conferences and am a keynote speaker at the UK investor show. I also host the CityAM Podcast.

Analytical communications is part of my forte – I have variously been a markets columnist, editor and commentator for influential retail financial information outlets, amongst others – Investors Chronical, Yahoo! Finance, Shares Magazine, international leading long-form periodical The Spectator, CNBC and Bloomberg TV.

Away from the markets, I am a song writer and musician and have a long and patient interest in politics – areas that continue to be potential additional professional careers.
I was attracted to ACF because of the effectiveness of its high quality research and its forwarding thinking culture.

Richard Calvert, Director, Distribution & Service, ACF Equity Research

Richard Calvert

Director, Distribution & Service

I’m a Modern Marketing Strategist with a strong CXM, digital transformation and innovation background working with global blue chip clients, modern creative and media agencies and start-ups.

I put people, data, technology and brand at the heart of everything I do – always delivering highly creative and effective integrated solutions with engaged, excited teams. I believe in taking everyone from the Account Exec to the C-suite client with me on the journey.

I work with Global clients as easily as entrepreneurial start-ups across a broad range of categories from Automotive to FMCG, Financial Services and Technology. My recent focus has been on Digital integration; Relationship Marketing; Content Planning and Brand evolution.

Specialties: Strategic Planning, CXM, Digital and Business Transformation, Programmatic Marketing, Proposition Development, Content Planning, User Experience Development and Design, Mobile, Consumer Insight Development, Brand Planning and Development, Information Architecture and Design, Business Development, Digital Channel Strategy Development, Brand Development, CRM Strategy and Delivery, Business Development

Vicky Ryce, Director, Research Distribution, ACF Equity Research

Vicky Ryce

Director, Research Distribution

I am a digital communications and distribution specialist and strategist used to board level decision making. I started my career as part of the ground-breaking young cadre that for a short exciting time formed the original Text 100, and whose members have gone on to lead and influence thought in digital communications.

During my career I have worked with world leading agency Publicis and counselled the C-suite of some of the world’s biggest public companies, including Philips, Xerox and Microsoft, on how to improve their communications reach and then helping them execute. I also work with smaller and mid-sized private and public companies on the FTSE 250 and below. I am as comfortable dealing with retail reach, as with corporate and institutional capital markets distribution strategies.

I am an equestrian, proven entrepreneur and charitable volunteer and when I can cut out the time, I help young adults via the Princes Trust. I am an English and History graduate with an MA in Media and Culture. ACF Equity Research has a determined problem solving, enlightened forward-thinking capital markets culture and a global values set.

Adrian Chiappe, Editor, ACF Equity Research

Adrian Chiappe


Adrian has over 20 years investment research writing, editing and supervisory analysis experience for leading investment banks including Barclays Capital, UBS, BNP Paribas, Jefferies, S&P, Danske Bank, ABN Amro, Lombard Odier and Bear Stearns.

He has a deep understanding of his subject. Adrian has executed editing and supervisory analysis for investment banks, brokerages and fund managers. He has up-to-date knowledge of the operational and regulatory framework for international institutional equities markets. Adrian is a materials scientist and has languages