ENERGY and ALTERNATIVES

Mark Carter | 1 comment

It’s the end of the tax year, so I thought I would do a little portfolio review. It’s generally more convenient for me to do my accounting based on the tax year, as opposed to calendar years. My personally-selected portfolio returned around 28% for the…

Paul Scott | 7 comments
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Good morning/afternoon! Running a bit late today, due to the rip-roaring success of our Brighton ShareSoc investor evening last night. Thank you to everyone who came…

Mark Carter
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Schroder’s “The Value Perspective” wrote an interesting article in Jan 2014 entitled “Recovery position – Companies that have fallen heavily in value can go on to…

Edison Investment Research
Supporting the value shift

2013 has been a year of significant evolution for Augean, with new CEO Stewart Davies having undertaken a full strategic review, the disposal of the underperforming…

Popular Companies

SOCO International Share Price & Company Profile SIA BP Share Price & Company Profile BP. Aminex Share Price & Company Profile AEX EnCore Oil Share Price & Company Profile EO. Rockhopper Exploration Share Price & Company Profile RKH Dana Petroleum Share Price & Company Profile DNX Xcite Energy Share Price & Company Profile XEL Desire Petroleum Share Price & Company Profile DES Tullow Oil Share Price & Company Profile TLW


RESOURCES and MINING

FY13 results improve visibility
Edison Investment Research

Having delivered solid FY13 results, African Minerals (AMI) guides 2014 sales growth of 32-49% year-on-year to 16-18Mwmt and C1 cash cost reduction to US$34-36/wmt from US$44/wmt in 2013. While visibility on the iron ore price performance remains low, based on conservative earnings estimates AMI's stock trades at a reasonable 2014e EV/EBITDA of 3.6x.

Edison Investment Research
New resource targets from regional exploration

The airborne geophysics programme of the La India district has improved understanding of the structural controls and identified eight new targets outside existing La India resource…

Edison Investment Research
Proposed Las Bambas acquisition

As part of a JV with CITIC and Guoxin, MMG has entered into an agreement to acquire Las Bambas from GlencoreXstrata for US$5.9bn. Given the scale…

Edison Investment Research
SDEIS completed and released

PolyMet Mining achieved a key milestone in its NorthMet environmental permitting initiative when the EPA issued an EC-2 rating on its environmental impact statement (SDEIS) on…

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Cove Energy Share Price & Company Profile COV BHP Billiton Share Price & Company Profile BLT Red Rock Resources Share Price & Company Profile RRR Arian Silver Share Price & Company Profile AGQ Bahamas Petroleum Share Price & Company Profile BPC Medusa Mining Share Price & Company Profile MML Sirius Minerals Share Price & Company Profile SXX Centamin Share Price & Company Profile CEY Rio Tinto Share Price & Company Profile RIO


MEDIA and TECHNOLOGY

Let the cameras roll
Edison Investment Research

Entertainment One offers investors an attractive way to tap into the strong global demand for content. It has achieved critical scale and mass and is just shifting up a gear, with Film maturing and starting to generate cash and Television poised for significant growth. Its breadth of product and geographies diversifies risk and the valuation is underpinned by a library worth over US$800m on our estimates. The shares are excellent value on a FY15e EV/EBITDA…

Edison Investment Research
Outlook remains healthy

FY13 was a buoyant year for GFT Group, as it benefited from strong demand in its solutions business, GFT. The solutions business grew 46% organically in…

Edison Investment Research
LED drivers and power management

O2Micro discontinued its eCommerce product line at the end of 2012, restructured operations and lowered operating expenses during 2013, and will report revenue by three new…

Paul Scott | 36 comments
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Good morning!     Blur (LON:BLUR) The market's doing a pretty good job of scrubbing off pockets of euphoria, and this morning it is deluded shareholders in Blur…

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Vodafone Share Price & Company Profile VOD Globo Share Price & Company Profile GBO Innovation Share Price & Company Profile TIG Avanti Communications Share Price & Company Profile AVN Software Radio Technology Share Price & Company Profile SRT RCG Holdings Share Price & Company Profile RCG Vislink Share Price & Company Profile VLK Berkeley Mineral Resources Share Price & Company Profile BMR Phorm Share Price & Company Profile PHRM


RETAIL and CONSUMER

Strong North America performance in H114
Edison Investment Research

With comparative H114 revenues up 6%, adjusted pre-tax profit up 13% and diluted adjusted EPS up 17%, Next Fifteen's interim results show that the group is returning to the growth tack, and we expect the group to report record profits in FY14. This performance was led by strong organic revenue growth of 13% in North America, the group's largest geographic area. We are increasing our FY14e EPS by 0.1p to 9.4p and initiate FY15e EPS…

Edison Investment Research
London pride

PPHE hit the spot in 2013 with premium RevPAR growth in London driving constant currency underlying EBITDA ahead of a demanding Olympic comparative, which is no…

Paul Scott | 13 comments
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Good morning! Firstly a couple of reminders for dates. It's the UK Investor Show tomorrow, at the Queen Elizabeth Centre, just off Parliament Square. I'm looking…

Paul Scott | 7 comments
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Good morning!  The market opened down heavily first thing today, but has since bounced back. I suppose the escalating situation in the Ukraine must be worrying…

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Tesco Share Price & Company Profile TSCO British American Tobacco Share Price & Company Profile BATS accesso Technology Share Price & Company Profile ACSO Norcros Share Price & Company Profile NXR Media Corp Share Price & Company Profile MDC J Sainsbury Share Price & Company Profile SBRY Solo Oil Share Price & Company Profile SOLO Falkland Islands Holdings Share Price & Company Profile FKL Taylor Wimpey Share Price & Company Profile TW.


BANKS, FINANCIALS and INSURANCE

Christmas is coming
Edison Investment Research

Park Group has issued a trading update on trading for the year to 31 March 2014. Full results are due to be published on 10 June. FY14 is confirmed in line with market (and our) expectations. More interestingly, within the consumer division (c 60% of expected sales) the order book for Christmas 2014 (contributing to the current FY15 fiscal year result) is now largely in place, and is showing encouraging progress (UK order growth of…

Edison Investment Research
New funding in place

In its 17 February IMS City of London Group (CIN) announced it had agreed a new, incremental funding of £5m. On 19 March it subsequently announced…

Edison Investment Research
Expansion plans

Optimal Payments' outperformance in FY13 drives upgrades to our FY14 and FY15 estimates. The company is focused on generating continued organic growth in both business lines,…

Edison Investment Research
Galloping ahead in positive markets

In 2013 Cenkos delivered on all its key business model objectives. A growing corporate client list and improving markets saw a 19% growth in revenue, which…

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Lloyds Banking Share Price & Company Profile LLOY Aviva Share Price & Company Profile AV. Royal Bank of Scotland Share Price & Company Profile RBS Barclays Share Price & Company Profile BARC Polo Resources Share Price & Company Profile POL HSBC Holdings Share Price & Company Profile HSBA Conygar Investment Co Share Price & Company Profile CIC Man Share Price & Company Profile EMG Albemarle & Bond Holdings Share Price & Company Profile ABM


HEALTHCARE & PHARMACEUTICALS

FY13 results confirm that progress continues
Edison Investment Research

The investment case still centres on the opportunities for China Healthcare as it taps into the growing domestic demand for healthcare. Yet the MediPharma R&D unit is approaching a pivotal point where continued progress should see material uplifts in valuation. The next 12-18 months could be the defining period as Hutchison China MediTech transitions from being a promising prospect to a fully-fledged pharmaceutical business.

Edison Investment Research
Ready to accelerate

Proteome Sciences has raised £5.0m to support the company's acceleration in growth. The trading update from earlier in February indicated that the year has started well.…

Paul Scott | 27 comments
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Good morning. Quite a busy morning with several profit warnings, so here goes.     Cupid (LON:CUP) I won't beat about the bush, I don't like this company…

Edison Investment Research
Getting a second wind

Vectura's €130m acquisition of private German smart nebuliser technology company Activaero has addressed its pipeline gap in a single deal, adding seven clinical programmes based on…

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GlaxoSmithKline Share Price & Company Profile GSK AstraZeneca Share Price & Company Profile AZN Immunodiagnostic Systems Holdings Share Price & Company Profile IDH Deltex Medical Share Price & Company Profile DEMG Sareum Holdings Share Price & Company Profile SAR Angel Biotechnology Holdings PLC Share Price & Company Profile ABH Advanced Medical Solutions Share Price & Company Profile AMS PuriCore Share Price & Company Profile PURI ValiRx Share Price & Company Profile VAL


REAL ESTATE & CONSTRUCTION

Paul Scott | 4 comments

Good morning! I've been reading for the last couple of hours, but haven't got round to writing anything as yet, so more caffeine is needed I think. Anyway, let's crack on.     Superglass Holdings (LON:SPGH) Profit warning of the day comes from this maker of loft…

Paul Scott | 19 comments
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Good morning!     Zytronic (ZYT) This is a British maker of bespoke touch screens for large electronic devices (think vending machines, gaming machines, ATMs, etc). The company…

Ben Hobson | 3 comments
Quarterly Strategies Review Growth and Quality screens outpace frothy markets

Stockopedia’s 66 guru inspired portfolios have produced a few surprises over the past three months but those that focus on strong growth and quality remain the…

Edison Investment Research
The path to dividend cover

Primary Health Properties (PHP) offers a prospective yield of 5.8%, generated from a broad portfolio of government-backed healthcare facilities on long leases. In 2013 the dividend…

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Kentz Share Price & Company Profile KENZ Balfour Beatty Share Price & Company Profile BBY Silverdell Share Price & Company Profile SID Newriver Retail Share Price & Company Profile NRR British Land Share Price & Company Profile BLND Michelmersh Brick Holdings Share Price & Company Profile MBH Quintain Estates And Development Share Price & Company Profile QED Carillion Share Price & Company Profile CLLN Inland Homes Share Price & Company Profile INL


INDUSTRIALS & UTILITIES

One small step for man one giant leap for GDG
Edison Investment Research

A landmark deal with CUCBM/CNOOC across five of the company's PSCs will alleviate investor concerns and bring new life to the GDG story. The deal dispels any legacy title issues hanging over GDG (including a two-year licence extension) and confirms a development agreement with a well-funded partner at just the right time. Add to this the fact that GDG can effectively benefit “free of charge” from c $1bn of third-party investment, the majority already on…

ExpectingValue
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This post leads directly on from yesterday's, in which I pontificated on the structure of the industry in which Smiths News operate. Like a veteran soap…

Mark Carter
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The MCX (FTSE250) is up 117% over a 5-year period. Less spectacularly, the UKX (FTSE100) is up 62% over the same period. So we must be…

ExpectingValue
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Smiths News (LON:NWS) is an interesting company. It's an interesting company primarily for  the reason I always come out with - they do something ostensibly very…

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National Grid Share Price & Company Profile NG. Severn Trent Share Price & Company Profile SVT Aero Inventory Share Price & Company Profile BAE Systems Share Price & Company Profile BA. Parkmead Share Price & Company Profile PMG Vianet Share Price & Company Profile VNET Centrica Share Price & Company Profile CNA SSE Share Price & Company Profile SSE Volex Share Price & Company Profile VLX