Research Tree provides access to ongoing research coverage, media content and regulatory news on SCHIFFFAHRTSGES DES VIERWALD. We currently have 0 research reports from 0 professional analysts.
Entain reported a largely in line Q4/FY 21 trading update, registering cc growth of 6/8% for Q4/FY21, respectively. As expected, online revenue was down 6% in Q4, while retail was up 62%. BetMGM performance was well ahead of consensus as well as our expectations. Entain now expects FY21 EBITDA to come in between £875m and £885m (vs £850-900m previously). We will raise our BetMGM estimates as well as the valuation to factor in the strong US momentum.
Companies: Entain PLC
Joiners: No Joiners Today. Leavers: Rutherford Health has left the AQSE and Prime People has left AIM. What’s cooking in the IPO kitchen? ACP Energy plc, a company formed for the purpose of undertaking an acquisition or acquisitions of a majority interest in a company, business or asset, seeking to join the Main Market (Standard) The Company intends to focus on opportunities in the natural resources sector, raising gross proceeds of £830k. Due 28 Jan. Artemis Resources ltd, an ASX listed mining
Companies: STAF CASP EKF SAR LTG ERGO EDR BARK
N Brown Group (“N Brown”) has issued a trading update covering the 18 weeks (“18W”) and 44W to 1 January 2022 (“YTD”). The statement confirms very strong Clothing & Footwear (C&F) sales growth, albeit is broadly offset by a weaker Home & Gift (H&G) performance. We also highlight robust growth in strategic brands being offset by the ongoing decline in ‘other’ brands. The key features of the update are as follows:
Companies: N Brown Group plc
Joiners: No Joiners Today. Leavers: Sumo Group has left AIM following a takeover. What’s cooking in the IPO kitchen? Unbound Group PLC, (currently called Electra Private Equity PLC) to join AIM. Unbound Group, will be the parent company for a range of brands focused on the 55 plus demographic. Initially focused on Hotter Shoes, Unbound's curated, multi-brand retail platform will offer additional products and services that will enhance the enjoyment and wellbeing of its targeted customer communit
Companies: TENG PLUS EVG CHAR CCS BARK
Financial performance during the peak seasonal trading period was in line with expectations, indicating good progress vs FY20 albeit down YoY as forecast. This and continued navigation/ mitigation of well-documented headwinds is reassuring. Crucially, EU DCs are scaling up well and momentum in Europe will soon be restored. Including AV, which launched last week, the group has a raft of incremental growth initiatives, making G4M a key pick for 2022.
Companies: Gear4music (Holdings) PLC
Joiners: No Joiners Today. Leavers: No Leavers Today. What’s cooking in the IPO kitchen? Hercules Site Services a technology enabled labour supply company for the UK infrastructure sector, intends to float on AIM. Hercules is seeking to raise approximately £5.5m to rapidly deliver on the significant demand it is experiencing for its diverse range of services across the UK infrastructure sector, including to scale up its operations to supply labour to the northern section of the HS2 rail project
Companies: WSG ADME AGL CCT EMAN OHG OTMP TLY
The peak trading performance was slightly below our estimates. The weakness in the UK’s electrical business was the main culprit. However, we remain optimistic as Currys continued to gain market share. The reduction in the FY21/22 PBT outlook is also marginal, when compared with the top-line performance and the ongoing consumer demand uncertainty. We expect the subsequent financial years to generate more stable and higher free cash flows. We will trim the FY21/22 estimates but our positive view
Companies: Currys PLC
Since the pandemic struck the global economy in the first quarter of 2020, aviation has been one of the hardest hit sectors globally, with billions of dollars wiped from balance sheets and equity valuations. However, we have also surely placed a greater recognition on the value of and need to travel; cargo in particular has been at the forefront of these needs. The strategic importance of aviation to the global economy and national interests is clear to us. We believe that those who have survive
Companies: John Menzies plc
BOTB’s H1 results were in line with expectations, but current trading has become tougher, with customer acquisition costs rising sharply in November and December. Early January is looking better, but the timespan is too short to call a recovery with any certainty. Consequently, we are cutting our EPS (Dil. Adj.) forecasts by 25% to 39.9p for FY22E, by 32% to 43.9p for FY23E and by 35% to 49.3p for FY24p as we conservatively assume little change to current trading. We are reducing our target pric
Companies: Best of the Best plc
Issuer Sponsored JOHN MENZIES+ (MNZS, BUY at 315p) – Note Publication: Evolutionary trends… MARKS & SPENCER+ (MKS, HOUSE STOCK at 253p) Q3 TS – FY22 guidance firmed up, c5% underlying upgrade NORTHBRIDGE INDUSTRIAL SERVICES+ (NBI, House Stock at 174p) - Further progress in Tasman disposal FTSE 100 BUNZL^ (BNZL, BUY at 2723p) – Note published: Solid strategic outlook TESCO^ (TSCO, BUY at 292p) Q3 & Christmas TS – a beat to expectations and so further FY22 upgrades (c5%) FTSE 250 HILTON FOOD G
Companies: IDEA BRK ASC PFG MAB HFG TSCO BNZL NBI MKS MNZS
Entain registered Q3 21 top-line growth of 6%, driven largely by online (10%). In the all-important US market, BetMGM surged ahead with a further expansion in market share of (23% in three months to August vs 22% in Q2 21). FY21 EBITDA guidance of £850-900m was re-iterated, a positive given the recently announced headwinds from Dutch regulations. We do not expect any significant change to our estimates, given that the performance was largely in line with our estimates.
Joiners: Graft Polymer (GPL.L) has joined the Main Market (Standard). Graft Polymer is a UK incorporated holding company with an innovative research and manufacturing facility, based in Slovenia. The core business of the Group comprises polymer modification and drug delivery systems developments. Established in 2017, the Group has already introduced more than 50 products to the market. Graft Polymer has developed a proprietary set of polymer modification technologies, which can improve existing
Companies: VRCI TEG ATYM KEFI PANR SDX SRT
G4M’s Q3 trading update showed a continuation of the trends seen in H1, with a robust domestic market performance offset by ongoing short-term post-Brexit challenges in Europe. The latter are being addressed through scaling up the new distribution centres in Spain and the Republic of Ireland, with European revenues set to regain momentum in FY23E. With ninemonth sales down c.9% against last year’s exceptional performance, G4M’s FY22E EBITDA remains in line with consensus expectations of £12.0m.
Costco has been on a roll as the company had an outstanding month of September with net sales of $19.5 billion for the 5-week period ended October 3, 2021, up 15.8% year over year. The company saw a staggering 14.3% rise in comparable sales with increased consumer traffic as the average American has become far more comfortable shopping in-store today. This comes after a strong fourth quarter of fiscal 2021 where Costco reported an increase in net sales of 17.5% to $61.44 billion. The management
Companies: COSTCO WHOLESALE (COST:NYSE)Costco Wholesale Corporation (COST:NAS)
While we were away Joiners: Mac Alpha Limited (MACA.L) joined the Main Market. (24/12/21) Atome Energy PLC (ATOM.L) joined AIM. (30/12/21) Leavers: No leavers What’s cooking in the IPO kitchen? Graft Polymer a business focused on the development of polymer modification and drug delivery systems is to join the Main Market (Standard). Graft Polymer has developed a proprietary set of polymer modification technologies, which can improve existing products and processing methodologies by enhancing per
Companies: VLX VRCI LBE RENX SOM TAST DDDD CMH IQG SRC
Share: