Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on BWP TRUST. We currently have 1 research reports from 1 professional analysts.
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Panmure Research - Investment Funds 02-11-15
02 Nov 15
In our opinion, North American Energy Infrastructure (NAEI) can be viewed as either a high yield equity income growth or infrastructure subsector of the North American equity marketsNAEI vehicles offer steady, unexciting, prospects (c3-10% growth) that aren't naturally hot. In compensation, they distribute 60% plus of their earnings giving rise to 3-7% dividend yields (the higher the coupon the lower the dividend growth) as a way of attracting investor interest and new capital (debt/equity) to finance growth. Over the last decade the Alerian index (an imperfect proxy for NAEI vehicles) has delivered dividend growth of by c4.9%pa and a TSR of 8.2%pa. During this period, the index's yield widened from 6.0% to 8.3% and during 2015 the index has under gone a sharp correctionThe NAEI subsector comprises the provision of non-cyclical utility type economically critical infrastructure (Oil, Gas, and Electric) to commercial customers within a regulatory framework.
Another positive verdict
20 Mar 17
Burford’s results for 2016 produced another outstanding set of figures. Revenue grew by 60% to $163.4m with strong growth in the litigation finance business and an additional boost from a secondary sale in the Petersen case. On an underlying basis net income grew to $114m, a 75% increase despite the investment in growing capacity which increased costs. A combination of ongoing investment and gains and increases on valuation saw the fair value of the litigation assets increase 67% to $559m, underpinned by a growth in invested capital to $394m. With the results statement there was an announcement of a further sale of 9% of the Petersen case at a valuation of 20 times the cost of investment.
N+1 Singer - N1S Trend spotting - Strategy update
08 Mar 17
In this new product we present some strategy theme updates arising out of our latest analysis of macro trends and economic data and our innovative Quant work. We also look at upcoming events and suggest topping up on some of our Best Ideas for 2017.
N+1 Singer - Morning Song 22-03-2017
22 Mar 17
Carador Income Fund (CIFU LN) Premium rating restored, high levels of refinancing activity | Cello Group (CLL LN) Outlook getting brighter – watch Pulsar | Eckoh (ECK LN) Largest ever US secure payments win | eg solutions (EGS LN) Full year results in line | Futura Medical (FUM LN) Licensing deal for CSD500 in Portugal | Verona Pharma (VRP LN) Global agreement with QuintilesIMS to support development of RPL554 | Xaar (XAR LN) 2016 results slightly ahead, reduced visibility in 2017
Making Mobiles Better
17 Jan 17
Mobile phones are increasingly the key connection for the modern world. This means that the performance of mobile phones, and their networks, is going to become more critical for all the apps and businesses that rely on them. New technologies such as VR, AR, and AV will need better, more reliable connections to really move into the mainstream. In this thematic piece we attempt to identify some of the most important issues facing mobile phone networks and their users, and start to identify solutions and enablers that will solve these problems and create value by doing so.