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.
N+1 Singer - Morning Song 21-03-2017
21 Mar 17
accesso Technology (ACSO LN) Full year results in line, but key trading months still ahead | Augean (AUG LN) Double digit growth in ’16, good start to ‘17 | Earthport (EPO LN) Interims show continued top line strength | Goals Soccer Centres (GOAL LN) Good momentum under new team. It’s now all about delivery | IQE (IQE LN) FY’16 results prompt further upgrades | Microsaic Systems (MSYS LN) Challenges in 2016, strategy remains in place | mporium Group (MPM LN) Funds raised to help execute strategy | RhythmOne (RTHM LN) Dawn of the independents | ScS Group (SCS LN) Strong progress on key growth initiatives albeit comps now toughen | Sinclair Pharma (SPH LN) FY results: EBITDA ahead, Instalift™ gaining pace | Vectura Group (VEC LN) FY (9-month) results
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 - Augean - Double digit growth in ’16, good start to ‘17
21 Mar 17
Augean reported another year of double digit growth for 2016, with profits in line with our forecasts. Sales grew by 21% excluding landfill tax, while adjusted PBT grew by 18% to £7.1m before amortisation of acquired intangibles. DPS was increased by 54% to 1.0p, 25% ahead of our estimate. The business units made further strategic progress, with revenues from their top 20 customers increasing from 42% to 43% of the total, of which 88% was under contract or a framework agreement, increasing forward visibility. There has been an encouraging start to 2017 and management is confident of delivering another year of profits growth. The shares trade on undemanding single digit multiples, offering good value.
Scott deal puts spotlight back on corporate strategy and valuation
17 Mar 17
The acquisition of Scott Safety by 3M announced yesterday is not a huge surprise but it puts the spotlight back on (1) Avon’s corporate strategy as two strong competitors merge and (2) Avon’s break-up valuation given the rich multiple (12.9x EBITDA) being paid by 3M. Avon and other competitors, particularly MSA Safety, cannot ignore the fact that Scott, which is the leader in SCBA (self-contained breathing apparatus) market and 3M, which derives the bulk of sales from industrial hard hats and masks, would together have the most comprehensive portfolio of products in the PPE (Personal Protective Equipment) market. The good news for investors is that if we were to apply similar EBITDA multiple, then Avon’s Protection & Defence business alone would account for the entire market cap. In effect, at the current share price, investors are getting the Dairy business for free. Our sum-of-the parts model now values the shares at 1,279p, up 7% compared with 1,200p previously.
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