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Research Tree provides access to ongoing research coverage, media content and regulatory news on Citycon Oyj. We currently have 0 research reports from 0 professional analysts.

Open
2.30
Volume
0.1m
Range
2.30/2.30
Market Cap
2,057,662,974m
52 Week
2.10/2.50

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    Citycon Oyj

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    Citycon Oyj

  • 25 Sep 17

N+1 Singer - Morning Song 25-09-2017

Imagination Technologies Group (IMG LN) Recommended offer at 182p | Lombard Risk Management (LRM LN) (VIDEO SUMMARY) Positioned for strong growth and cash profitability | MJ Gleeson (GLE LN) Dividend hike adds income to growth attractions | MJ Gleeson (GLE LN) Dividend hike adds income to growth attractions | PureTech (PRTC LN) Gelesis progressing to filing discussions with Gelesis100 | River and Mercantile Group (RIV LN) EPS in line, dividend ahead, emphasising quality | Trifast (TRI LN) Confident H1 trading update, reiterating expectations for FY18 |

Companies: TRI IMG GLE OXP PRTC LRM RIV

  • 19 Sep 17

Small Cap Breakfast

City of London Group (COLG) - Sch 1—RTO of Milton Homes Limited, an equity release provider which has a UK residential property portfolio of 586 properties with a market value of approximately £77 million as at 30 June 2017. Offer TBA. Due 5 Oct | Springfield Properties—Scottish housebuilder. Intention to float. Offer TBA “Our turnover exceeded £100 million for the first time this year and now we employ around 500 people. This IPO is the next step in our growth.” | Warehouse REIT - The Company will invest in a diversified portfolio of UK warehouse assets located in urban areas. The Company is targeting a dividend yield of 5.5p equivalent to a yield of 5.5 percent. for the year ending 31 March 2019. Issue price 100p. Offer raising £150m at £1 with market cap of £166m. Due 20 Sep | OnTheMarket—Intention to float on AIM to raise c. £50m which will be used to fund the growth of the OnTheMarket.com portal, already the third biggest UK residential property portal provider. Expected valuation £200m to £250m. |People’s Investment Trust—Objective of sustainable wealth creation. Also to list on the Social Stock Exchange. Targeting £125m raise on 17 Oct. No performance fees or executive bonuses in order to focus on long term rather than short term performance. | Charter Court Financial Services Group—Intention to float. Specialist lender serving the UK residential mortgage market. The net mortgage loan book stood at £4.4 billion as at 30 June 2017 growing at a compound annual growth rate of 92 percent since 31 December 2014. Part vendor sale and £20m primary raise. | ContourGlobal LP—Report on Bloomberg that the thermal energy power generator is considering a London listing. | Hipgnosis Songs Fund investment Company offering pure-play exposure to Songs and associated musical intellectual property rights. Offer raising £200m at 100p. The Company has decided to extend the closing date for the Placing, Offer for Subscription and Intermediaries Offer to 1 August 2017. The Company may bring forward this closing date at any time. Admission 15 Sep.

Companies: EEP SCE JDG EKT BGO SWL EYE PCA IEH RBW

  • 19 Sep 17

EQUITY RESEARCH

Lloyds Banking Group PLC (LLOY) reported continuing strong operating progress in its Interim (H1-17) results back on 27 July, with all key business metrics continuing to improve. Guidance for the full year Net Interest Margin (NIM) was raised to 2.85% (2.7% in FY-16) and LLOY expects 2017’s Tier One Capital generation (CET1) to be at the top end of the 170-200 bps improvement range. Importantly, LLOY is positively geared into a gently rising UK interest rate environment (perhaps 25 bps in Nov-17 followed by 25 bps in May-18) as the economy warms. This is a profile we like and should provide near-term upside potential. Buy

Companies: Lloyds Banking Group
  • 06 Mar 17

Small Cap Breakfast

AFC Energy (AFC.L) | Touchstone Innovations (IVO.L) | 4D Pharma (DDDD.L) | FairFX (FFX.L) | Versarien (VRS.L) | Abzena (ABZA.L) | MetalNRG (NEX:MNRG) | Valiant Investments ( N E X : V A L P ) | Vernalis (VER.L) | Satellite Solutions (SAT.L)

Companies: AFC IVO DDDD FFX VRS ABZA VER SAT

  • 22 Sep 17

Flat growth for the year’s first half

Intu Properties posted its H1 figures. Net rental income reached £226m (vs. £219m in H1 16). Adjusted NAV per share stood at 403p, stable against 404p in FY16. The occupancy rate was also stable at 95.9% (vs. 96% in FY16). GAV amounted to £10.6bn, up by 6% from FY16. Underlying earnings per share declined to 7.3p from 7.5p. An unchanged dividend per share of 4.6p was proposed.

Companies: Intu Properties
  • 25 Sep 17

Growing network

Morses Club, with over 216,000 Customers and 1,828 Agents is the second largest Home Collected Credit (HCC) lender in the UK, and the largest with full regulatory approval from the FCA.

Companies: Morses Club
  • 18 Sep 17

N+1 Singer - City of London Investment Group - In line with Q4 update: earnings grow, small increase in dividend

CLIG has issued final results in line with the detailed preview provided at the Q4 trading update (19/7). We note strong FuM growth yoy driven by underlying benchmark performance, but continued net outflows in the core EM closed end funds strategies (90% group FuM). The earnings performance is in line with earlier indications, as is the modest +1p increase in the final dividend to 17p which brings the FY17 payout to 25p (FY16 24p). We will review our forecasts and remain cautious on account of net outflows, but note the dividend policy provides a 6%+ yield at the current price.

Companies: City Of London Investment Group
  • 23 Aug 17

Interim Results to 30 June 2017

Hansteen Holdings Plc is a UK real estate investment trust (REIT). It is focussed on UK industrial investment property.

Companies: Hansteen
  • 10 Aug 17

Panmure Morning Note 10-08-2017

1H17 PBT of £78.1m (up 32% YoY) is 9% ahead of consensus forecasts (PG £70.1m) with good underlying trends across the board. Loans grew by 19% YoY to £8.1bn, with NIM broadly stable at 3.48% (consensus 3.47%). Loan origination was up 10% to £1.6bn with £0.8bn pipeline (up 8% YoY) going into 2H17. Costs increased by £7.8m YoY, in line with management’s guidance of £15-20m increase for FY2017. Despite this the cost income ratio fell by 140ppt to 44.1% with the group aiming for <40% in the medium term. Cost of risk was down 6bp to 14bp and now management expect FY2017 CoR to be below 25- 35bp medium term guidance. Group underlying RoE at 18.8% was 240ppt better than our and consensus forecasts. Balance sheet was strong with TNAV increasing by 9.5% HoH to 167p and CET1 ratio of 11.8% (Cf. cons. 11.7%) with management anticipating to deliver above 12% for FY2017 enabling possible dividend payment. Overall these are a solid set of results. We maintain our BUY rating with the stock trading on reported P/TBV of 1.3.

Companies: Aldermore Group
  • 21 Sep 17

- Key new initiatives progressing

Park’s AGM statement confirms that trading in the year to date is in line with expectations and expresses confidence in the outlook. Our estimates are unchanged. Ongoing investment in digital technology to support product innovation and e-commerce has been at the centre of Park’s growth strategy over a number of years, and encouragingly for future prospects, the group reports progress with recent product and distribution initiatives. Park’s debt-free balance sheet and cash-generative business model support this growth investment, as well as an attractive growing dividend.

Companies: Park Group
  • 20 Sep 17

- Low rating, but industry uncertainties persist

Nürnberger’s results this year are riding out the challenging environment; net income rose 63% to €42m and guidance for the full year was upped from €40m to €60m. Against this, the dominant life insurance business faces limited medium-term visibility. At 1.02x conservative HGB book value per share and a dividend yield of 4.6%, the rating is undemanding.

Companies: Nuernberger Beteiligungs
  • 04 Jul 17

Final results in line

The group has announced final results in line with our forecasts, reflecting another strong year of growth. The group has very high revenue visibility and a predictable cash flow profile, and we believe that its organic and acquisitive expansion model is capable of sustaining double-digit annual growth in a large and fragmented market. Our recently upgraded forecast and target price remain unchanged, the latter implying potential share price upside of 17%.

Companies: HML
  • 18 Sep 17

Small Cap Breakfast

City of London Group (COLG) - Sch 1—RTO of Milton Homes Limited, an equity release provider which has a UK residential property portfolio of 586 properties with a market value of approximately £77 million as at 30 June 2017. Offer TBA. Due 5 Oct | Springfield Properties—Scottish housebuilder. Intention to float. Offer TBA “Our turnover exceeded £100 million for the first time this year and now we employ around 500 people. This IPO is the next step in our growth.” | Warehouse REIT - The Company will invest in a diversified portfolio of UK warehouse assets located in urban areas. The Company is targeting a dividend yield of 5.5p equivalent to a yield of 5.5 percent. for the year ending 31 March 2019. Issue price 100p. Offer TBA. Due 20 Sep | OnTheMarket—Intention to float on AIM to raise c. £50m which will be used to fund the growth of the OnTheMarket.com portal, already the third biggest UK residential property portal provider. Expected valuation £200m to £250m. | People’s Investment Trust—Objective of sustainable wealth creation. Also to list on the Social Stock Exchange. Targeting £125m raise on 17 Oct. No performance fees or executive bonuses in order to focus on long term rather than short term performance. | Charter Court Financial Services Group—Intention to float. Specialist lender serving the UK residential mortgage market. The net mortgage loan book stood at £4.4 billion as at 30 June 2017 growing at a compound annual growth rate of 92 percent since 31 December 2014. Part vendor sale and £20m primary raise. | ContourGlobal LP—Report on Bloomberg that the thermal energy power generator is considering a London listing. | Hipgnosis Songs Fund investment Company offering pure-play exposure to Songs and associated musical intellectual property rights. Offer raising £200m at 100p. The Company has decided to extend the closing date for the Placing, Offer for Subscription and Intermediaries Offer to 1 August 2017. The Company may bring forward this closing date at any time. Admission 15 Sep.

Companies: EWG DHG VLTY MERC DPP HYR RED MYT GBGI ELA

  • 21 Sep 17

N+1 Singer - Morning Song 21-09-2017

blur Group (BLUR LN) £1.2m placing increases resources to execute plan | Brooks Macdonald Group (BRK LN) In line final results, disposal of Braemar Estates | Carador Income Fund (CIFU LN) High new CLO issuance within US | CORETX (COR LN) Evolving with market demands | Driver Group (DRV LN) Forecasts upgraded on positive year end update | Marshall Motor Holdings (MMH LN) Leasing disposal transforms debt picture and increases Retail focus | NCC Group (NCC LN) Early days in the recovery | Safestyle UK (SFE LN) No further downgrades. £2.5m buyback. Move to Hold | Weiss Korea Opportunity Fund (WKOF LN) – VIDEO SUMMARY Unique access to Korea on a discount

Companies: CIFU BLUR SFE NCC MMH DRV WKOF BRK COR

  • 18 Sep 17

N+1 Singer - Morning Song 18-09-2017

Amino Technologies (AMO LN) German contract win | City of London Investment Group (CLIG LN) In line with Q4 update: earnings grow, small increase in dividend | Ergomed (ERGO LN) Strong H1 growth; PeproStat™ Phase IIb data expected in October | Itaconix (ITX LN) A period of meaningful commercial progress | Retail Recovering sector indicators for 2018 likely to trigger outperformance

Companies: CLIG FDL HFD BWNG AMO ERGO ITX