Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on GLOBAL ECOPOWER-REGR. We currently have 3 research reports from 1 professional analysts.
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New business plan provides clarity on the international front; confirmation of 2017 objectives
24 May 16
Global EcoPower (GEP) has released a new strategic plan, focusing on a greater international footprint backed by a new organisational structure in order to achieve substantial international growth while simultaneously improving margins. These measures should provide more clarity on how the company will be able to achieve the 2017 financial objectives. Based on the new proposed organisational structure and boosted by the recent acquisitions, strategic partnerships and the development of new international projects (in addition to the ones currently under development), GEP is able to confirm is ambitious targets of €120m in revenues and €32m EBITDA by 2017. Moreover, GEP’s management has expressed its willingness to transfer its stock trading to the Euronext exchange once the 2017 objectives have been attained.
Preliminary publication reaffirms positive top-line trend; guidance confirmed
01 Mar 16
The revenue of the group reached €25.57m, a substantial improvement on a yoy basis (+61%), which confirms the positive strategy followed by the group, as 52% of this comes from organic growth. The group fully consolidated Sénergies from 1 November 2015 as the acquisition was achieved in late October, with €1.35m in revenues for only two months. Moreover, in 2015, the group has finally entered the solar business, following the same approach used for wind projects: to develop for third-party investors the construction of photovoltaic parks, which are then transferred for exploitation once commissioned. In terms of guidance, the company expects 2016 to show similar growth to that in 2015, i.e. to reach at least €40m in revenues, while, for 2017, the company maintains the €120m revenue objective.
The positive trend continues, reinforcing the top-line results
23 Sep 15
The revenue of the group reached €17.08m, a substantial improvement on a yoy basis (582%), which confirms the positive strategy followed by the group. The EBITDA follows the same path, with a 417% yoy increase to €926k (although the margins decreased from 7.1% to 5.4%). The net consolidated result of the group improved by 29% yoy to €599k. The group confirms its 2017 objectives: revenues of €120m and an €32m of EBITDA driven mainly by the improvement of its business model and the different development projects the group is currently involved.
19 Jan 17
Aggregated Micro Power* (AMPH): Funding for first peaking power plant project (CORP) | The Mission Marketing Group* (TMMG): Positive trading update (CORP) | Cello (CLL): Increasingly backed by, and leveraging, technology (BUY) | 4imprint (FOUR): Growth backed by strong cash flow continues (BUY) | Allergy Therapeutics (AGY): Positive trading update and market share gains drive upgrades (BUY) | Shanta Gold (SHG): Q4 operating results (BUY) | Sound Energy (SOU): Tendrara extended well test result (BUY) | Revolution Bars (RBG): Price target increase (BUY)
FY16 trading update; 4% earnings upgrade
24 Jan 17
The trading update confirms another year of double digit earnings growth for Empresaria. We anticipate acceleration in growth rates in FY17 reflecting organic growth, acquisition contribution and FX tailwinds; Arden forecast FY17 earnings growth of 24%. We believe this is not reflected in a FY17 valuation of 8.4x, with the relationship to growth expressed in a Price Earnings Growth ratio of 0.35x. The valuation is inconsistent with current trading, geographical alignment and delivery of the strategy to acquire niche growth businesses such as Rishworth and ConSol, which are fundamentally improving the quality of earnings at Empresaria. The shares represent a conviction Buy.
N+1 Singer - St Ives - Downgrade
19 Jan 17
Marketing activation has been impacted by further decline in grocery retail impacting profit by c£5m. Strategic The Company is also taking this opportunity to revise its guidance for Strategic Marketing as its recovery pace is not running at the planned target rate. PBT falls from N1Se £31.9m to £25m. The Company expects dividend to be held based upon lowered guidance and the implied cash flow performance. There do not appear to be any covenant issues. Forecasts and TP under review and downgrade to Hold. We expect the shares to test the 100p level.
Trading conditions difficult but acquisitions underpin growth
23 Jan 17
FY16 revenue will be £53.7m (FY15: £44.8m), in line with ZC estimate of £53.9m, showing growth of c. 20% yoy underpinned by the three acquisitions undertaken in the year. However, due to higher costs relating to the acquisitions and, to a lesser extent, gross margin pressure, PBT will be in the region of £7.0 to £7.2m equating to growth of between 5.5% and 8.0%. As a result, FY16 ZC profit forecast is reduced by 8.0% to £7.0m. The impact in FY18 and FY19 is muted by the announcement of a further acquisition leading to an increase in revenue estimates of 8.7% whilst profit estimates fall c.4.5% in each year, respectively. Despite the decrease in forecasts the PER multiple on FY17 earnings remains single digit at just 9.1x, against a distributor average of 15.8x. With commitment to the forecast dividend increase reiterated, Flowtech offers an above average yield of 4.1%
N+1 Singer - Morning Song 19-01-2017
19 Jan 17
ACTUAL EXPERIENCE PLC (ACT LN) | BAGIR GRP LTD (BAGR LN) | BIOQUELL (BQE LN) | BROWN(N.)GROUP (BWNG LN) | CARADOR INCOME FUND PLC (CIFU LN) | HALFORDS GROUP (HFD LN) | NCC GROUP (NCC LN) | ST IVES PLC (SIV LN) | SUMMIT THERAPEUTICS PLC (SUMM LN) | WILMINGTON PLC (WIL LN)
16 Jan 17
We take a look at the rankings of the various countries in Africa that have a significant exposure to mining. We take the Transparency International corruption rankings as our starting point and modify these for exceptional geology and for current UK government travel warnings. Ghana, Botswana and Namibia come out as our top three, with Eritrea, Kenya and Zimbabwe at the bottom of our rankings.