Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on CARR'S GROUP PLC. We currently have 30 research reports from 4 professional analysts.
|11Jan17 01:01||RNS||Result of AGM|
|10Jan17 07:00||RNS||Trading Update|
|06Dec16 07:00||RNS||Company Secretary Change|
|29Nov16 02:01||RNS||Total Voting Rights|
|25Nov16 11:12||RNS||Director/PDMR Shareholding|
|22Nov16 03:55||RNS||Holding(s) in Company|
|16Nov16 03:38||RNS||Director/PDMR Shareholding|
Frequency of research reports
Research reports on
CARR'S GROUP PLC
CARR'S GROUP PLC
Diversity helps keep group on track
11 Jan 17
Once again, the in-built diversity provided by having two divisions operating in different sectors and internationalisation within those two divisions shows its worth. During the first 18 weeks of FY17 a better than expected performance from the Agricultural division was balanced against a significant contract delay in the Engineering division, with the group as a whole trading in line with management’s expectations for the full year. We leave our estimates and valuation unchanged.
N+1 Singer - Morning Song 10-01-2017
10 Jan 17
Nichols has issued a positive year-end trading update with strong progress in evidence across both the UK and International activities resulting in total sales +7.3% (virtually all LFL). This is a very pleasing outcome given the tough trading environment. The business continues to comfortably outperform a difficult UK soft drinks market, led by Vimto and the strategic strengthening of the out-of homes category following the Noisy acquisition. This differentiation theme is further reinforced by the International business continuing to show good momentum, especially Africa. We upgrade our FY16 PBT up by a very modest £0.1m, implying 10% EPS growth, but make no forecast changes for the outer years until we get better clarity on the cost headwinds. The company trades on a cal’17 P/E of 22.7x and 16.0x EV/EBITDA. The shares have been firm ahead of today’s update and are likely to consolidate in the short-term, but we remain positive on a 12m view given the groups dependable growth and international characteristics.
Agriculture starts FY2017 ahead of expectations
10 Jan 17
Carr’s Group’s (CARR LN, HOLD, T/P 175p) issued a statement today which confirmed that the company continues to trade in line with the Board’s expectations for the current financial year. The announcement refers to 18- week period which ended on 7th January and is the first pre-AGM statement since the disposal of the flour milling business for £36m.
Trading statements due Tuesday 10th January
06 Jan 17
Nichols’ (NICL LN, BUY, T/P 1760p) 2017 trading statement should reflect a relatively flat UK soft drinks market while international continues to grow. UK market data suggest negative carbonates volumes with positive, albeit small, pricing. Stills continue to outperform carbonates in terms of overall revenue.
Focusing on growth markets worldwide
19 Dec 16
Carr’s Group operates in fairly defensive markets and has further reduced risk through diversification in each market served, supported by a sequence of acquisitions. The sale of the Food division and the acquisition of the small engineering business, STABER, focuses the group on those activities where there is global reach, less competition, defensible IP and substantially greater opportunities for growth. Our sum-of-the-parts valuation of 161p/share remains unchanged.
The Monthly January 2017
09 Jan 17
Despite all the hullaballoo of the Brexit vote and the subsequent election of Donald Trump as the next US President, the UK stock market prospered last year, especially in the latter few months of 2016. The combination of a depreciating currency – making $ earnings more valuable in relative terms - and the Trump emphasis on infrastructure expenditure drove the stock market higher
Panmure Morning Note 19-01-2017
19 Jan 17
Today’s H1FY17 pre-close is more than just solid; it demonstrates FIF’s resilience. As flagged at September’s FY16 results and, as demonstrated by both November’s reassuring AGM trading statement and today’s encouraging H1FY17’s pre-close, FIF is both well-prepared and well-equipped to offset considerable input cost pressures and maintain its progress on multiple levels, whilst the scope for accretive M&A in a highly fragmented market remains an added attraction. We maintain our BUY.
10 for 17
09 Jan 17
As always at the start of a year, there are significant uncertainties about the year ahead but I think in 2017, the level of uncertainly has decisively moved up a gear. In fact, a leading economist at the LSE, Ethan Ilzetzki, was recently quoted as saying “I view the current global economic environment as the most uncertain in modern history”. Wow.
FY trading update: strategic goals kept despite challenging environment
17 Jan 17
Sales grew organically by 6% (H2: 7.6%, in line with our forecast and slightly better than consensus of 5.7%) and 6.8% on reported figures (in line with consensus, FX: 0.8%). Excluding Russell Stover, sales grew organically 7.4%. FY OG by region: Europe +7.4%, NAFTA +3.4% and ROW +10.2% (driven by Japan and Brazil). Global Retail recorded double- digit growth.
Panmure Morning Note 12-07-2016
12 Jul 16
Our Conviction List returned -3.2% over the last 12 months; this was set against the DS Small Companies index that returned -15.5% over the same period. Since its inception in 2010, the Conviction List has outperformed the market in 13 of 17 periods and a reinvested Conviction List would have returned 235% since its inception against a reinvested DS Small Companies index that would have returned just 22%. Our Q3 portfolio reflects our outlook for a slowdown in UK growth during the second half of 2016. Downside risks to domestic growth stem from the uncertainty of the EU Referendum result, but cyclical growth was already slowing as a rebound in energy costs and ongoing austerity was set to weigh on growth. A bright spot for equities is the increasingly dovish Federal Reserve, now expected to leave US rates unchanged throughout 2016. The relentless drive lower in corporate and non-corporate fixed income yields continues to provide a valuation underpin for global equities.