Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on REZIDOR HOTEL GROUP AB. We currently have 0 research reports from 0 professional analysts.
|28Apr17 18:00||GNW||Decisions at the Annual General Meeting of Rezidor Hotel Group AB (publ), 28 April 2017|
|28Apr17 06:30||GNW||Rezidor Hotel Group: Interim Report January-March 2017|
|25Apr17 09:15||GNW||Rezidor's Quarterly Business Development Report|
|20Apr17 10:01||GNW||Rezidor's Q1 2017 Financial Report & Webcast on 28th April 2017|
|30Mar17 17:16||GNW||Rezidor Hotel Group AB (publ): NOTICE TO ATTEND THE ANNUAL GENERAL MEETING|
|28Mar17 16:16||GNW||Rezidor Hotel Group: Park Inn by Radisson opens at Brussels Airport|
|24Mar17 12:27||GNW||Rezidor publishes its 2016 Annual Report|
Frequency of research reports
Research reports on
REZIDOR HOTEL GROUP AB
REZIDOR HOTEL GROUP AB
28 Apr 17
N+1 Singer - T3 Trend spotting - Strategy update
In our third edition of Trend spotting we stick with our suggestion at the end of March to up European exposure and we review the recent market moves and macro trends. We comment on the recent strong performance of our growth, quality and momentum styles which we expect to continue and we examine what happened to sectors around the last general election period in 2015, adding some new colour.
Companies: AUG GNS IQE NTG SDL SPH SDY TRI VEC XAR GHT BOY CRW EMIS VCT ECK GLE GHH DATA AVON CHH DPH HILS SDM ZYT MUR RPS LWB EKF SUN UDG SYNT CINE DOTD MPM FUM CLIN RENE ATQT SERV ERGO BCA BUR DRV SCS JUP FDP GBG GTLY HW/ EAH SFR PHD CXENSE KNOS NETD G4M GFIN FUTR ULS RHL RAT FEN LOOP MYSL
26 Apr 17
A multi-branded, leading fashion eCommerce business, set for at least 50% growth yet again
A year of upgrades has been topped by yet another sales and earnings beat. Full year sales of £295m are up 51%, with growth accelerating across all regions in H2. This impressive top line performance converted to a 90% increase in EBITDA to £35.6m and a 97% increase in PBT to £30.9m, driven by overhead efficiencies as the group grows. The complementary acquisitions of PrettyLittleThing and the Nasty Gal brand transform the business into a multi-branded proposition. This, alongside investment in range extension and impressive international expansion, underpins our expectations for continued strong growth of at least 50% top line throughout 2017. Active customers have risen 29% to 5.2m, with solid improvement continuing across all KPIs. Despite significant capital investment, totalling £30.7m in the year, boohoo’s balance sheet remains robust with net cash of £58.4m at the year end. We upgrade our FY18 expectations by c.12% and continue to see potential for significant profitable growth going forwards.
28 Apr 17
N+1 Singer - Morning Song 28-04-2017
Bagir Group (BAGR LN) NED appointment and acquisition update | T3 Trend spotting Strategy update
Companies: AUG GNS IQE NTG SDL SPH SDY TRI VEC XAR GHT BOY CRW EMIS VCT ECK GLE GHH DATA AVON CHH DPH HILS SDM ZYT MUR RPS LWB EKF SUN UDG SYNT CINE DOTD MPM BAGR FUM CLIN RENE ATQT MYSL SERV ERGO BCA BUR DRV SCS JUP FDP GBG GTLY HW/ EAH SFR PHD CXENSE KNOS NETD G4M GFIN FUTR ULS RHL RAT FEN LOOP
26 Apr 17
N+1 Singer - Boohoo.com - Strong continuing momentum in BOO and PLT, cautious start for NG
Today’s figures are clear evidence of both Boohoo’s successful business model and growth strategy, with PBT/EPS doubling in FY17, c2% better than forecast. The balance sheet remains strong with unchanged net cash of £58m despite the acquisition and increased capex spend. Guidance today signals sales/EBITDA growth in FY18 in line with our current forecasts, with higher Pretty Little Thing growth expected (both sales and EBITDA) offset by more modest Nasty Gal growth. Management has taken a lot on with the opportunistic acquisition of the latter, so we are relieved that guidance is prudent as they manage any execution risk and establish the platform for future growth. A lot of the recent re-rating has been well justified but we wonder if the market was hoping for a sizeable upgrade today.
27 Apr 17
N+1 Singer - Morning Song 27-04-2017
Howden Joinery Group (HWDN LN) Solid start to FY17 means on track to meet forecasts | N Brown Group (BWNG LN) Newsflow starting to turn the corner lends to re-rating | NCC Group (NCC LN) No further deterioration in trading | PROACTIS Holdings (PHD LN) Redde (REDD LN) Volume growth in H2 underpins FY17e outlookExtended supplier opportunity supports TP increase | ReNeuron Group (RENE LN) Increased focus on retinal pipeline | Synairgen (SNG LN) AstraZeneca returns rights to AZN9412 | Verona Pharma (VRP LN) Significantly enhanced cash position to progress RPL554
Companies: BWNG HWDN VRP REDD SNG RENE NCC PHD
24 Apr 17
Small Cap Breakfast
Global Ports Holding—Intention to float on Standard List of the Main Market. International cruise ports operator. Seeking $250m raise including $75m primary offer. Dorcaster—Schedule One Update. Admission now expected on AIM 3 May. RTO of Escape Hunt raising £14m at 135p. Verditek— Intention to float on AIM. On Admission, the Company's subsidiaries will be involved in advanced solar photovoltaic, filtration and absorption technologies specialising in providing environmental services. Raising £3.5m. Admission in May. Eddie Stobart Logistics— Schedule 1 update. Admission expected 25 April on AIM raising £122m. ADES International Holding— Intends to join the Standard List of the Main Market in May raising up to $170m plus a vendor sale. Provider of offshore and onshore oil and gas drilling and production services in the Middle East and Africa. Admission expected in May. Tufton Oceanic Assets– Offer extended to 9 May on specialist funds segment of Main Market to enable investors to complete further due diligence.
Companies: FISH GOAL NASA HAL SHRE BIOM MPM MORT HDT LOK
25 Apr 17
N+1 Singer - Morning Song 25-04-2017
Carpetright (CPR LN) Tougher conditions leaves forecasts towards lower end of range | Centaur Media (CAU LN) Bigger steps | Elementis (ELM LN) Positive update confirms strengthening of demand | Rathbone Brothers (RAT LN) Facing the challenge to deliver growth | Vp (VP/ LN) Another niche Hire Station deal prompts 3% EPS upgrades
Companies: CAU VP/ ELM CPR RAT
26 Apr 17
N+1 Singer - Morning Song 26-04-2017
Abzena (ABZA LN) Set for transformational growth | Boohoo.com (BOO LN) Strong continuing momentum in BOO and PLT, cautious start for NG | Brooks Macdonald Group (BRK LN) Positive net inflows and performance combine to drive FuM growth | Devro (DVO LN) Reassuring AGM update | Nichols (NICL LN) Positive AGM tenor supportive of premium rating | Oxford Instruments (OXIG LN) Sale of Industrial Analysis business | PCI-PAL (PCIP LN) Contract win | PROACTIS Holdings (PHD LN) H1 results as expected, no change to forecasts | Stadium Group (SDM LN) Trading in line; Technology Day for investors | Walker Greenbank (WGB LN) Momentum visibly rebuilding post floods and after investment in growth
Companies: OXIG DVO NICL SDM WGB BOO ABZA PCIP BRK PHD
25 Apr 17
Reassuring FY17 finals and outlook
In line FY17 results (across the board) and management endorsing FY18 market expectations is reassuring, although well reflected in the valuation, in our view, given the recent rally. ~11x FY18 EV/EBITDA adequately reflects embedded value within WTB’s core two brands, but with waning UK consumer dynamics likely to cap near-term growth prospects (PGe 8% FY18-20 EPS CAGR), hence our HOLD rating. Presentation 9:30am.
24 Apr 17
N+1 Singer - Morning Song 24-04-2017
First Derivatives (FDP LN) FY slightly ahead as strong trading momentum continues | Goals Soccer Centres (GOAL LN) A potentially exciting corporate development | mporium Group (MPM LN) 2016 results: course set for exciting 2017 | Vectura Group (VEC LN) VR315 risk outweighs longer-term potential
Companies: VEC GOAL MPM FDP
12 Jan 17
The Slide Rule
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.
Companies: AMO APF FDEV FCRM IDEA MAI PAF PHD SCS
27 Apr 17
Final results due 10th May
We anticipate a robust set of results from Vertu on 10th May, and expect to see continued progress in its core businesses of used cars and aftersales. We believe our forecasts for the coming year (Feb 2018) are very conservative, particularly following a record Q1 period of new car registrations seen in the wider industry. However, we would anticipate this backdrop to get tougher from here. We believe the near-term valuation remains compelling and very attractive, with the current market capitalization largely asset backed with a progressive 3% dividend yield on offer at present and a normalized FCF yield (from 2020) in excess of 10%.
Companies: Vertu Motors
25 Apr 17
N+1 Singer - Carpetright - Tougher conditions leaves forecasts towards lower end of range
In the 12 week period to 22 April, Carpetright reports that LFL sales were ahead 1.4% in the UK and 1.4% in Europe. This performance is slightly shy of our expectations due mainly to a weaker trading environment (N+1E +3% and +5% respectively) albeit a further 6% of the UK estate has been refurbished vs prior guidance which will have created a bit of additional drag from disruption in the period and which is positive for FY18 and beyond. Critically, those stores that have annualised new competitor Tapi openings traded well into positive LFL territory, which is a key milestone in the turnaround. Whilst trading this week could change the outcome, FY17 forecasts are likely to be reduced by 4%. Given the accumulating self-help and accelerated refurbs we don’t envisage changing outer year forecasts.
07 Apr 17
Conviction List Q2 2017
Since its inception in 2010, the Panmure Gordon Conviction List has outperformed the market, returning 275% against a Small Companies index that would have returned 212%.
Companies: ALD AVON CTH EPWN INF MCB MRO NOG POLY SNR SMS STJ STJ WIZZ
24 Apr 17
N+1 Singer - Goals Soccer Centres - A potentially exciting corporate development
Potentially a positive corporate development at Goals this morning. The company has confirmed weekend press speculation that it is examining a combination with its key competitor Powerleague. Discussions appear to be at an early stage and it is difficult to second-guess what the terms of an eventual deal will be and whether a fund raise would be required. Strategically and financially a tie-up would make huge sense given how competitive the 5-a-side football sector has become with the resurgence of the local authority sector. Between them Goals and Powerleague operate c.100 centres and thus a combination would give them significant UK market leadership as well presence in Ireland, Netherlands and the USA. The main risk we envisage is whether any tie-up would trigger any competition issues and how these might be addressed. Powerleague was acquired by Patron Capital Partners in 2009 for an EV of £80m (c8x EV/EBITDA). We are currently buyers of Goals on new management / strategy considerations. Today’s news has the potential to further enhance shareholder value. We reinforce our Buy and 140p 12m TP.
Companies: Goals Soccer Centres