Looking Ahead At The Next Week
Companies: BA/, BMK, DNL, DOTD, EXR, FNX, GNS, IGE, INCH, LWDB, LLOY, PPCGF, SPR, TOWN
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.
This column highlights some company news that will be announced in the week ahead.
Check out any of the companies mentioned by using the Research Tree Companies Research link.
A quick assimilation of what various brokers have to say about a particular company, can justify the requirement to delve even deeper into how it operates, its markets and its potential.
Monday 22nd February
Interims:
Benchmark Hldgs (BMK), Dechra Pharmaceuticals (DPH), Finsbury Food Group (FIF), Fonix Mobile (FNX), Kosmos Energy (KOS), Sylvania Platinum (SLP), Tristel (TSTL),
Finals:
None declared,
Trading Updates:
President Energy (PPC),
AGM/GMs:
Contango Hldgs (CGO), Kibo Energy (KIBO), Premier Oil (PMO), Sabien Technology Grp (SNT),
Live Event:
Equity Development will be holding an Investor Presentation for Benchmark Holdings (BMK) at midday on this day.
Research Tree Comment:
Equity Developments analyst Emma Ulker considers that Benchmark Holdings (BMK) is uniquely positioned to build upon its market leading positions in aquaculture. She has recently raised her retained value forecast from 63p to 72p a share.
Following the strong H1 Trading Update by Fonix Mobile (FNX) analysts Michael Hill and Andrew Darley at brokers finnCap raised their Target Price from 150p to 200p for the mobile payments group’s shares.
Jonathan Wright at finnCap considers that exploration group President Energy (PPC) has a potential 3.6p per share risked net asset value. While Sam Wahab at SP Angel is encouraged by the oil group’s reserve base and its prudent approach to capital discipline.
Tuesday 23rd February
Interims:
Clinigen Grp (CLIN), Diurnal Grp (DNL), McBride (MCB), Springfield Properties (SPR),
Finals:
Creston (CRE),
Trading Updates:
None declared
AGM/GMs:
Arkle Resources (ARK), Image Scan Hldgs (IGE), Petrel Resources (PET),
Live Event:
McBride (MCB) Capital Markets Day presentation. Share Society will be holding a webinar for UP Global Sourcing (UPGS) at 5pm.
Research Tree Comment:
Analyst Martin Hall in the latest Hardman & Co Monthly edition concludes that the shares of Diurnal Group (DNL), the specialty pharmaceutical company, have been marking time over the past month and continue to trade well below the research house’s risk-adjusted DCF valuation of 197p.
Scotland’s only quoted housebuilder Springfield Properties (SPR) last December issued a strong first half trading update. James Tetley and Greg Poulton at N+1 Singer consider the group’s shares to be modestly valued relative to its sector peers. While Alastair Stewart at Progressive Research is looking for further growth acceleration in H2 from the group.
The investment that Image Scan Holdings (IGE) has made in product development, alongside sales and marketing, particularly into North America, bodes well for the business as normality returns. That is the view of WH Ireland analysts Matthew Davis and John Cummins.
Wednesday 24th February
Interims:
Haydale Graphene Industries (HAYD), Town Centre Securities (TOWN),
Finals:
Bank of Cyprus Hldgs (BOCH), Lloyds Banking Grp (LLOY),
Trading Updates:
None declared
AGM/GMs:
Electra Private Equity (ELTA), Gooch & Housego (GHH), Paragon Banking Grp (PAG), VR Education Hldgs (VRE),
Live Event:
Share Society will be holding a webinar for Cambridge Cognition Holdings (COG) at 5pm.
Research Tree Comment:
Tom Musson at Liberum Capital appears positive about the 83% rent collection at Town Centre Securities (TOWN). He suggests that, despite some disruption, the resilient rent collection metrics are testament to the quality and diversified nature of the real estate group’s tenant base.
At the end of last October analyst David Grinsztajn at AlphaValue Research rated the shares of the Lloyds Banking Group (LLOY) as an Add, with a 15.3% upside. He noted that the group had not made many provisions relating to the pandemic, but instead released some of its provisions previously made.
Following the late January Trading Update from virtual reality company VR Education Holdings (VRE) analyst David Jeary at Shard Capital commented that the group’s 60 deals or so signed in 2020 for its ENGAGE online virtual communications platform will help the group to deliver its compound growth revenue of more than 100%.
Thursday 25th February
Interims:
Amigo Hldgs (AMGO), dotDigital Grp (DOTD), Genus (GNS), Pantheon Resources (PANR), Ricardo (RCDO),
Finals:
Aston Martin Lagonda Global Hldgs (AML), BAE Systems (BA.), Centrica (CNA), Drax Grp (DRX), Evraz (EVR), Grafton Grp (GFTU), Hikma Pharmaceuticals (HIK), Howden Joinery Grp (HWDN), Inchcape (INCH), Macfarlane Grp (MACF), Morgan Sindall Grp (MGNS), Vistry Grp (VTY),
Trading Updates:
None declared
AGM/GMs:
Virgin Money UK (VMUK),
Live Event:
None declared.
Research Tree Comment:
Kevin Ashton at N+1 Singer views dotDigital (DOTD) as having clear organic growth opportunities, following its strong first half Trading Update issued in late January. While Andrew Darley at finnCap was similarly impressed by the digital marketing software group’s strong balance sheet offering strategic opportunities.
Analyst Hugo Paternoster at AlphaValue Research reckoned that the Q3 Trading Update from BAE Systems (BA.) was ‘fairly reassuring’. Enough, it seems, for him to rate the shares as a Buy, offering a 7.3% upside. He noted that demand had remained high across all of the group’s major markets, which fuelled its backlog.
In mid-January Genus (GNS) issued a trading update flagging a continuation of the strong operating performance as highlighted at last November’s AGM. Analyst Alistair Campbell at Liberum Capital rated the group as able to offer double digits upside and raised his Target Price after the excellent H1 update.
VSA Capital presented a podcast with Ricardo (RCDO) CEO Dave Shemmans earlier this month following news that he is stepping down from that role later this year. Analyst Ryan Gregory at Liberum Capital concludes that the group’s H1 trading was in line with expectations, whilst cashflow stood out after a strong 2020 performance. The group is one of Zeus Capital’s Top Picks for 2021, considering that its shares look better value than for some years.
Early last December analyst Mike Allen at Zeus Capital upgraded his forecasts for distribution group Inchcape (INCH), following a Trading Update. He was confident in the group’s long-term investment case as a unique and attractive cash generative model.
Friday 26th February
Interims:
None declared
Finals:
FBD Hldgs (FBH), Glenveagh Properties (GLV), Jupiter Fund Management (JUP), Law Debenture Corp (LWDB),
Trading Updates:
Asa International Grp (ASAI),
AGM/GMs:
Falanx Grp (FLX), NMCN (NMCN),
Live Event:
Research Tree Comment:
Reporting on another set of strong results analysts Sarah Godfrey and Mel Jenner at Edison Investment Research were impressed by The Law Debenture Corporation (LWDB) and its unique structure, which they say adds income security.
