Looking Ahead At The Next Week
Companies: AEG, ARBB, CLIG, GATC, GLEN, K3C, MANO, MRL, NWG, ONC, PLUS, RBG, SENS, TRI, WJG, WIL
Company news, such as Interim results, Final results, AGM statements, Trading Updates, Capital Markets Days and Live Events, are all recognised by active investors as being spurs that generate interest and dealing activity.
Check out any of the companies mentioned by using the Research-Tree Companies Research link.
Monday 15th February
Interims: City of London Inv Grp (CLIG), Oncimmune Hldgs (ONC),
Finals: None declared
Trading Updates: None declared
AGM/GMs: Countrywide (CWD), Keras Resources (KRS), Revolution Bars Grp (RBG), Uniphar (UPR),
Live Event: None declared.
Research Tree Comment:
Edward Thomason at N+1 Singer is looking forward to the roll-out to the NHS of the Oncimmune Holdings (ONC) EarlyCDT Lung Test, while analyst Emma Ulker at Zeus Capital suggests that it will raise the platform in care delivery benefitting a higher profile for the group in seeking international partners.
Mark Paddon at finnCap suggests that Revolution Bars Group (RBG) should continue investing in its team, its brands and its guest experience by restarting the group’s refurbishment programme.
Tuesday 16th February
Interims: BHP Grp (BHP), Blancco Technology Grp (BLTG), K3 Capital Grp (K3C), Pan African Resources (PAF), Petra Diamonds (PDL),
Finals: Glencore (GLEN),
Trading Updates: Ocean Outdoor (OOUT), Safestore Hldgs (SAFE),
AGM/GMs: Dewhurst (DWHT), Nexus Infrastructure (NEXS), Ovoca Bio (OVB),
Live Event: None declared.
Research Tree Comment:
Nik Lysiuk at finnCap put out a 300p Target Price on the shares of K3 Capital (K3C) after upgrading their estimates for the company. Anticipating further progress in 2021.
Analyst Varun Sikka at AlphaValue Research considers the shares of Glencore (GLEN) a Buy, with a 293p Target Price over the next four months. Noting the departure of CEO Ivan Glasenberg, he now anticipates a bigger ‘green’ focus by the mining group.
Wednesday 17th February
Interims: Transense Technologies (TRT),
Finals: British American Tobacco (BATS), Hochschild Mining (HOC), Plus500 (PLUS), Rio Tinto (RIO),
Trading Updates: Burford Capital (BUR), Gattaca (GATC),
AGM/GMs: Applegreen (APGN), EQTEC (EQT), Great Western Mining (GMWO),
Live Event: Manolete Partners (MANO), Marlowe (MRL).
Research Tree Comment:
Liberum Capital analyst Rahim Karin noted that Plus500 (PLUS) had a strong finish to a record year in 2020. It was a better-than-expected underlying performance in the group’s Q4, due to much better market conditions. He states that the group’s attractive outlook is not reflected in its valuation.
Analyst Paul Hill at Equity Development has concluded that the group has now turned a major corner and that the shares of Gattaca (GATC) could take off over the next few years.
This day will also see a ShareSoc webinar with Manolete Partners (MANO).
On this day Marlowe (MRL) will be holding a Capital Markets Day for investors and equity analysts.
Thursday 18th February
Interims: Hays (HAS), South32 (S32), Wilmington Grp (WIL),
Finals: Barclays (BARC), Indivior (INDV), Moneysupermarket.com Grp (MONY), Primary Health Properties (PHP), Smith & Nephew (SN.),
Trading Updates: Arbuthnot Banking Group (ARBB), Trifast (TRI),
AGM/GMs: Aminex (AEX), Norish (NSH), Ormonde Mining (ORM), REACT Grp (REAT), Ridgecrest (RDGC),
Live Event: City of London Inv Grp (CLIG), Sensyne Health (SENS).
Research Tree Comment:
Alex de Groote at Radnor Capital Partners suggested after the last AGM Trading Update from Wilmington (WIL) that there is significant value within the group. Just one side, that of Risk and Compliance, could well be worth more than the entire group.
Mark Thomas at Hardman & Co considers it is an anomaly that Arbuthnot Banking Group (ARBB) which is a profitable, well-funded, well-capitalised and strongly growing bank, that is currently priced below book value.
Arden Partners analyst Andrew Simms rates the shares of Trifast (TRI) as a Buy, with a 170p Target Price. There is scope for outperformance given the potential for a restocking cycle and recovery in activity from its low base.
On this day City of London Investment Group (CLIG) will be the subject of a Hardman & Co Q&A presentation, while ShareSoc will be holding a webinar for Sensyne Health (SENS).
Friday 19th February
Interims: None declared
Finals: Kingspan Grp (KGP), NatWest Grp (NWG), Segro (SGRO), TBC Bank Grp (TBCG),
Trading Updates: None declared
AGM/GMs: Active Energy (AEG), Energean (ENOG), Petroneft Resources (PTR), Watkin Jones (WJG),
Live Event: None declared.
Research Tree Comment:
David Grinsztajn at AlphaValue Research considered that NatWest Group (NWG) was a Sell when the banking group announced its Q3 results at the end of last October. However, he did state that his forecasts were under review with likely upgrades in perspective driven by loan impairments and operating expenses.
Ian Jermin at Allenby Capital earlier this month published a note upon Active Energy (AEG) as it restructures its capital and fund raise in anticipation of further positive developments with its ground-breaking CoalSwitch technology. He commented upon the interest being shown by utility and power companies both before and following the recently announced supply agreement with PacifiCorp. This day’s General Meeting is to approve the company’s plans to cope with an acceleration in its activities.
Alastair Stewart at Progressive Research commented that the second half performance by Watkin Jones (WJG) impacted the group’s full year results to end September 2020. He believes that the groups should continue to benefit from growth opportunities in new student accommodation, and that it has ‘early mover advantage’ in build-to-rent.
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