Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on BLACK DIAMOND GROUP LTD. We currently have 19 research reports from 1 professional analysts.
|16Feb17 21:56||MKW||Black Diamond Group Limited Announces February Dividend|
|19Jan17 22:00||MKW||Black Diamond Group Limited Announces January Dividend and Launch of Dividend Reinvestment Plan|
|21Mar16 15:33||MKW||Black Diamond Announces Dividend Reduction to Preserve Financial Flexibility|
|03Mar16 11:00||MKW||Black Diamond Reduces Long-Term Debt, Capital Spending and Administrative Expenses to Exit 2015 With a Strong Balance Sheet -- 2016 Capital Plan Reduced by 60% to $10 Million|
|18Feb16 22:00||MKW||Black Diamond Group Limited Announces February Dividend|
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Research reports on
BLACK DIAMOND GROUP LTD
BLACK DIAMOND GROUP LTD
2Q16 Results In Line as Utilization Offsets Weak Pricing
15 Aug 16
Black Diamond reported 2Q16 results that were in line with our estimates. Stronger-than-expected utilization for lodging beds offset a drastic drop in lodging revenue per bed rental day. The Company’s cost cutting efforts appear to be working as margins are likely to be much stronger than we had anticipated and which helps offset a material reduction in rental rates. Our 2017e EBITDAS is unchanged at $45 mm.
2Q16 RESULTS IN LINE AS UTILIZATION OFFSETS WEAK PRICING
11 Aug 16
Impact: Negative. We expect the stock to trade lower due to concerns about go forward lodging revenue per day which could cause downward revisions to 2017 estimates. Revenue per lodging day was $31, compared to $78 in the prior quarter and $89 in the same period in the prior year.
Announces $24.8 mm Bought Deal Financing Including Over-Allotment
07 Jul 16
BDI has entered into a bought deal financing to issue ~4.9 mm shares at $5.05/ share, a discount of 7% to yesterday’s closing price, for gross proceeds of $24.8 mm. The bought deal represents 11% of the outstanding share count. We believe the proceeds will be used to repay outstanding debt or used for acquisitions. We do not anticipate the funds will be used for growth capital in the Camps and Lodging division or Energy Services division given the oversupply of equipment in these service lines in the WCSB at this juncture. We have only made modest changes to our operational forecasts with this update. Our EPS falls by 3% in 2016e and 22% in 2017e.
Reports 1Q16 Results
04 May 16
Black Diamond reported 1Q16 EBITDAS of $17 mm, far ahead of our estimate of $12 mm. We had underestimated the amount of oilsands related revenue in 1Q16 due to our view of when certain camps would see occupancy decline. We have increased our 2016e EBITDAS to $50 mm from $42 mm to reflect 1Q16 estimates and slightly better margins in the Camps and Lodging segment. In 2017e, we have increased our EBITDAS forecast to $44 mm from $36 mm, to reflect a stabilization of utilization and pricing in 2017e relative to 2H16e. The Company has re-segmented its financial results, which we are now reflecting in our new model. As such, we do not have “prior” estimates for the segments.
20 Feb 17
Hayward Tyler Group* (HAYT): Trading update and financial position (CORP) | Petra Diamonds (PDL): Interim results (BUY) | Gemfields* (GEM): Interim results (CORP) | Premaitha Health* (NIPT): Middle East momentum (CORP) | Sound Energy (SOU): Acquisition update and TE-8 well spud (HOLD) | Proactis* (PHD): Interim trading on track (CORP) | 7digital* (7DIG): Automotive contract win (CORP)
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
21 Feb 17
Lighthouse Group* (LGT): Middle Britain growth (CORP) | Utilitywise* (UTW): Double-digit sales growth (CORP) | Trakm8* (TRAK): Earnings expectations cut again (CORP) | dotDigital* (DOTC): Myriad growth opportunities (CORP) | Artilium* (ARTA): Five-year Telenet deal secured and prepaid (CORP) | Netcall* (NET): Cloud investment pays off (CORP)
N+1 Singer - Small-cap quantitative research - New quality style screen + 11 quality focus stocks
09 Feb 17
We introduce our fourth and final style screen representing “quality”. This screens for stocks with the best combination of high returns on capital/equity, EBIT margins and operating cash-flow conversion rates. These criteria should help us monitor how strong underlying returns translate into share price performance over time and under varying market conditions. The screen selects the “best” 25 stocks from our universe of just over 500 stocks and, as usual, we focus on a shorter list of stocks we cover or otherwise know and believe to be particularly interesting. We provide brief investment summaries on these focus stocks on pages 4 – 9. We will monitor performance and refresh the screen in approximately 3-4 months time.
Emerging from the clouds
16 Feb 17
Rolls-Royce’s underlying performance in FY16 was ahead of both its own and market expectations. Media focus on the non-cash £4.4bn headline FX loss is missing what looks to be the basis for optimism. As the civil model starts to move from investment in engines for the A350 and A330neo into the aftermarket delivery phase over the remainder of the decade, we think cash flow is likely to improve, particularly if supported by an eventual recovery in Marine.