Equity Research, Broker Reports, and media content on TCS Holding

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Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on TCS Holding. We currently have 0 research reports from 0 professional analysts.

Open
2450c
Range Today
2435/2470c
52 Week
2435/2470c
Daily Volume
28.8k
# Shares
181.2m
Daily Liquidity
(0.02%)
Pension Liability
$0m
Enterprise Value
$n/am
Market Cap
$4,421m
Latest PE (hist)
Div Yield

Latest News/RNS

(more news)
Date Source Announcement
17Feb20 11:14 EQS TCS Group Holding PLC to hold Strategy Days in London, New York and San Francisco
06Feb20 09:00 EQS TCS Group Holding PLC announces plans to invest in new fintech project in Europe
04Feb20 11:54 EQS TCS Group Holding PLC: Statement on Tinkoff Bank's RAS Financial Highlights for January - December 2019
26Dec19 14:51 EQS TCS Group Holding PLC: Statement on Tinkoff Bank's RAS Financial Highlights for January - November 2019
09Dec19 05:53 EQS Tinkoff super-app boosts digital leadership in European fintech space
28Nov19 13:11 EQS Statement on Tinkoff Bank's RAS Financial Highlights for January - October 2019
27Nov19 16:01 EQS Tinkoff GDRs will be included in MOEX Russia indices next month
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  • Research reports on

    TCS Holding

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    TCS Holding

  • 21 Feb 20
Cenkos Securities - Costs adjusted to protect profitability

2019 was a difficult year for UK equity capital markets activity, and Cenkos demonstrated the strength of its flexible business model and the client relationships sustained by its staff, achieving full year profitability despite one-off restructuring costs. Lower fixed costs will benefit future earnings and Cenkos reports a positive start to 2020 with a strong pipeline. Conservatively, we have reduced our revenue/earnings assumptions for this year, but improved market/investor confidence could generate significant upside.

Companies: Cenkos Securities
  • 20 Feb 20
Lowered costs and impairments guidance at the rescue

The group released a mixed set of quarterly results, characterised by a fall in the tangible book value and a reduced capital usage. Management’s guidance for this is reassuring: the group is expected to meet expectations thanks to stronger cost control and lower cost of risk.

Companies: Lloyds Banking Group
  • 18 Feb 20
Accelerated repositioning

The quarterly underlying performance came in line with expectations. The expected Coronavirus-related impairments and the temporary extra capital consumption look limited. The related revenue losses remain unknown but are expected to be progressively offset by organic growth. The announced acceleration in the group’s repositioning comes at the right time, confirming management’s confidence in Asia’s longer-term potential and enabling the group to improve its capital usage ahead of the implementation of Basel 3.

Companies: HSBC
  • 12 Feb 20
LIBERUM: Plus500* - Q4 stronger than thought

Q4 saw $100m of revenues ex customer P+L. The company will return 100% of 2019 profits to shareholders through dividends and buybacks, has $293m net cash, and may seek targeted acquisitions, new licences and product extensions.

Companies: Plus500
  • 24 Feb 20
LIBERUM: Alternatives Daily: OCI | HONY | VSL | USF | RDL | JZCP

Oakley Capital Investments - 3p NAV uplift from atHome sale Honeycomb Investment Trust / VPC Specialty Lending - Large trades remove overhang US Solar Fund - Further recovery of proceeds related to fraud payment RDL Realisation - Update on Princeton realisation JZ Capital Partners - Additional writedown on real estate portfolio

Companies: Oakley Capital Investments Honeycomb Investment Trust

  • 08 Jan 20
UK Housebuilding Sector: 2020 vision: Sharpness and clarity for industry prospects

For fighter pilots, it is a minimum requirement. But having 20/20 ‘visual acuity’ (correct term) does not necessarily mean you have perfect vision (as convention assumes); instead, it indicates sharpness and clarity of vision at a distance. It is measured by a Snellen Chart, which displays letters of progressively smaller size and whereby 20/20 means that the test subject sees the same line of letters at 20 feet that a person with normal vision sees at 20 feet (or 6 metres; but 6/6 simply didn’t catch on).

Companies: ABBY BDEV BWY BKG VTY CRN CSP CRST GLE GLV INL MCS PSN RDW SPR TW/ WJG

  • 20 Feb 20
Primary Health Properties - Winning returns, lowest costs

Primary Health Properties PLC (LON:PHP) recently announced its full-year results to December 2019. These were in line with our forecast and confirmed a strong year for the company. Earnings per share as measured by the adjusted EPRA EPS (see footnotes to the table) grew by 5.8%, and the dividend (f

Companies: Primary Health Properties
  • 07 Nov 19
Cenkos Securities - Resilient broker with a substantial track record

Cenkos has a record of successful fund-raising for clients and maintaining annual profitability since its inception in 2005. This reflects its focus on client outcomes, a well-established network of business relationships and flexibility in its cost base. Its client relationships should stand it in good stead when market conditions become more favourable. In the meantime, the company’s strong balance sheet, with substantial capital headroom, provides reassurance and Cenkos would not need to attain earlier levels of return on equity to warrant a materially higher valuation.

Companies: Cenkos Securities
  • 20 Feb 20
Fidelity China Special Situations - Weak sentiment providing opportunities

Fidelity China Special Situations (FCSS) aims to deliver long-term capital growth, following a bottom-up approach to investing in companies listed in China, and Chinese companies listed elsewhere. The trust marks its 10th anniversary in April 2020 and, since inception, it has generated an annualised NAV total return of 11%. Chinese equities have been relatively out of favour for some time against a backdrop of the US-China trade dispute, Hong Kong political protests and, more recently, the coronavirus. The manager, Dale Nicholls, is finding exciting opportunities at attractive valuations, and continues to focus primarily on smaller companies that can benefit from long-term secular growth trends.

Companies: Fidelity China Special Situations
  • 17 Feb 20
Placing closes ahead of target, raising £130m

Urban Logistics REIT (“ULR”) successfully closed its Placing last Friday (14/2) raising £130m gross, materially exceeding the original £100m target. There is scope for this to further increase via an Open Offer/Offer for Subscription and an over-allotment option. The proposed 3.85p special dividend has now been declared. The manager’s incentivisation arrangements will be amended. These are all subject to shareholder approval at the General Meeting to be held on 9th March. The acquisition of pipeline assets is expected to be earnings accretive in the first full year. The market trends for ULR’s target asset class in the small/mid-box logistics space remain supportive of total returns.

Companies: Urban Logistics REIT
  • 20 Feb 20
Grainger

Acceleration to scale; NTA premium pricing this

Companies: Grainger
  • 27 Jan 20
Cenkos: Equals Group Plc -- Strong growth confirmed with B2B pivot

Today's update confirms Equals has delivered a second straight year of material revenue and profit growth, despite difficult market conditions, with a significant shift in the revenue profile towards more profitable B2B customers. Given profit delivery has been slightly lower than expected, we rebase our forecasts to take a more prudent view of trading in years FY21E and FY22E, but we are confident Equals has now assembled the products, infrastructure and management it needs for strong growth.

Companies: Equals Group
  • 18 Feb 20
Securities Trust of Scotland - High-conviction portfolio of quality companies

Securities Trust of Scotland (STS) aims to generate income and long-term capital growth through a bottom-up approach to investing in global equities. The manager, Mark Whitehead, focuses on quality companies with an ability to sustain dividend growth, to build a relatively concentrated portfolio of 35–55 high-conviction stocks. In his view, this approach is naturally aligned with selecting companies that score highly on ESG issues. Since Whitehead’s appointment, and the adoption of the mandate, STS has delivered an annualised NAV total return of 12.9% and increased demand for its shares the valuation from trading at a persistent discount to trading at a premium to NAV.

Companies: Securities Trust Of Scotland
  • 19 Feb 20
Fidelity China Special Situations - Weak sentiment providing opportunities

Fidelity China Special Situations (FCSS) aims to deliver long-term capital growth, following a bottom-up approach to investing in companies listed in China, and Chinese companies listed elsewhere. The trust marks its 10th anniversary in April 2020 and, since inception, it has generated an annualised NAV total return of 11%. Chinese equities have been relatively out of favour for some time against a backdrop of the US-China trade dispute, Hong Kong political protests and, more recently, the coronavirus. The manager, Dale Nicholls, is finding exciting opportunities at attractive valuations, and continues to focus primarily on smaller companies that can benefit from long-term secular growth trends.

Companies: Fidelity China Special Situations
  • 20 Feb 20
Cenkos: Sativa Group Plc -- CBD product listing with WH Smith Travel

Sativa Group has announced that its subsidiary, Goodbody Botanicals, has secured a CBD product listing with WH Smith Travel. WH Smith Travel operates 1019 stores, 586 in the UK and 433 internationally, with this initial listing for c100 of their highest footfall stores, leaving significant headroom to grow if successful. This listing has been won through the partnership with SHS Sales and Marketing and the Company notes this is the first completed agreement of numerous other potential national product listing arrangements currently in discussion via SHS.

Companies: Sativa Group