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Research Tree offers VALIRX PLC research coverage from 3 professional analysts, and we have 28 reports on our platform.
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|25/10/2016 07:00:05||London Stock Exchange||Patent Update|
|13/10/2016 16:20:03||London Stock Exchange||Holding(s) in Company|
|13/10/2016 16:20:03||London Stock Exchange||Holding(s) in Company|
|13/10/2016 07:00:09||London Stock Exchange||Update on Recent Presentations|
|12/10/2016 11:15:02||London Stock Exchange||Result of General Meeting|
|05/10/2016 15:42:06||London Stock Exchange||CLN Conversion|
|28/09/2016 11:09:41||London Stock Exchange||Notice of GM|
Frequency of research reports
Research reports on VALIRX PLC
Providers covering VALIRX PLC
26 Oct 16
"Equities in London appear set to weaken during opening trade, with the FTSE-100 seen falling around 20 points. The trend is being set by US overnight markets, where all principal equity indices closed in the negative on the back of a number of generally unexciting earnings reports coming primarily from consumer-discretionary shares along with caution ahead of Apple’s important quarterly release. With markets watchers sensing the Fed’s willingness to shortly kick off an extended phase of rate hikes, blue chip earnings momentum must be seen to either match this or see heady valuation multiples pushed lower. Post close, the mood darkened somewhat further as Apple’s confirmed its third consecutive decline in revenue and profits, as the Company searches for a way to offset the global slowdown of its flagship iPhone. While Apple’s CEO pointed to improvements in the services businesses along with the strong reception to the latest iPhone release which appeared after the quarterly period close, the results nevertheless marked its first decline annual sales since 2001. As a result, technology stocks will likely remain under pressure, with NASDAQ futures already suggesting a weaker opening this afternoon. Asia tracked the US markets throughout this morning’s trade with all regional markets closing in the red, with the ASX being the principal casualty as economic data boosted the A$ resulting in quite sharp hits on commodity stocks and financials. Traders in London will likely reflect on the Governor of the Bank of England’s Parliamentary Testimony from yesterday, in which he assured financial markets they have no reason to expect a change in the Central Bank’s inflation-fighting mandate, while contrasting with the Mario Draghi’s defence of the ECB’s continuing easy-money policies. Today, the UK is due to release BBA banking statistics, while also awaiting results from GlaxoSmithKline (GSK.L) and a trading update from Lloyds Banking Group (LLOY.L). Markets will also remain sensitive to further news coming from Defence Secretary, Michael Fallon’s office regarding the proposed UK deployment of tank and drones alongside 800 troops in Eastern Europe, as the first of several expected NATO initiatives to help counter fears about Russian movements on the borders. " - Barry Gibb, Research Analyst
28 Sep 16
"How to solve the dilemma of ultra-low interest rates? The question was being posed again yesterday by members of both the ECB and the Fed. The Governor of the Central Bank of Ireland, Philip Lane, went as far as calling for a ‘forceful pursuit of stimulus’ in order to return interest rates to more normal levels, while Vice Chairman, Stanley Fisher, added that the economy is better off when there is ‘a price for using money’. They are simply reflecting the common desire to stimulate inflation to return interest rates and growth trajectories back to more historical trend - not that they have any chance of forming a consensus on how to do it, nor appear to embrace the reality that the dramatic changes to world order being created through the drive into new technologies means the old ways of doing things and predictable economics have probably gone forever. One hope the markets had had was that the Saudi-Russia proposal to cap oil production might succeed, but Iran’s stated determination to ramp-up production until it hits 4.2m bbl/day appears to have blown apart any idea of OPEC reasserting a binding quota system before its meeting in Algiers closes today, leaving oil traders to shift their focus to the Organisation’s next scheduled meeting in November instead. US equity markets, however, looked beyond these concerns to focus on positives from technology and consumer stocks, as well as some modest recovery in the over-sold banking sector, leaving all principal indices to close quite firmly up led from the start by the NASDAQ. Asia by contrast was marked down across the board, with the Nikkei in particular hurt by weaker oil prices, while banking sector jitters also reached its shores and sentiment toward export-related shares continued to be knocked by Yen strength. This mixed picture leaves London and Europe in an undecided mood for this morning’s opening, with the FTSE-100 seen opening around 10 points higher. No major UK macro data is due for release this morning, although traders will be listening out for closing statements from OPEC’s 2-day meeting, a press statement due from ECB President, Mario Draghi and a speech from the IMF’s Christine Lagarde. Later this afternoon, Fed Chair, Janet Yellen, is due to make her Testimony, while member Kashkari is also scheduled to make a statement. Corporates due to release earnings reports include Moss Bros (MOSB.L), Sainsbury (SBRY.L) and Smiths Group (SMIN.L), while today SAB Miller (SAB.L) shareholders are due to vote on their proposed merger with Anheuser Busch InBev." - Barry Gibb, Research Analyst
27 Sep 16
"European markets this morning look set to celebrate a better than expected performance by Hillary Clinton at last night’s televised debate. When being watched live by some 100m Americans, simply tripping up on one or two well-timed soundbites can be enough to threaten opportunity for any presidential hopeful. As it happened, Donald neither manages to rile his opponent nor land a killer blow; Hillary, on the other hand, perhaps came across as better prepared and more knowledgeable. In fact, the markets finally appear to have sensed that Trump is now unlikely to end up securing control of Congress, which a good number of his radical policy would undoubtedly need to squeeze through but, without which, his Presidency would likely end up something of a damp squib. The most obvious confirmation of this was seen last night in the foreign exchange markets as the Mexican Peso surged from its record low during the debate; London on the other hand is seen as the first equity markets to provide a genuinely considered reaction, on the back of which the FTSE-100 looks set to rise 40 plus points in early trading. Europe is likely to follow suit, despite ECB President, Mario Draghi, leaving quite a clear message to investors yesterday that monetary policy has its limitations and that he was now looking to other policy makers to play their part too - which all means further interest rate cuts are now increasingly unlikely. Closing before the debate began, all principal US equity markets ended quite sharply down as the widespread sell-off in banking shares that began in Europe, with German Chancellor Merkel pointedly ruling out any idea of a State bail-out of distressed Deutsche Bank, hit sentiment. Asia similarly ended mostly down, but rallied somewhat in late trading in response to the debate, with the Nikkei regaining its composure after suffering badly from Yen strength early in the session while the Hang Seng moved positive after a flat opening. Traders in London will this morning be awaiting a WTO Trade Report and the CBI’s Monthly Distributive Trades Survey while, later on this afternoon, the US releases Consumer Confidence data. UK corporates reporting earnings or trading updates include AG Barr (BAG.L), boohoo.com (BOO.L), Close Brothers (CBG.L), Panmure Gordon (PMR.L), Thomas Cook (TCG.L), United Utilities (UU..L) and Wolseley (WOS.L). Market traders will also be keen to hear more on media reports that Disney is the latest to have cited interest in making an offer for Twitter." - Barry Gibb, Research Analyst
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21 Oct 16
STM* (STM): Acquisition of London & Colonial (CORP) | Hurricane Energy (HUR): £70m placing and open offer (BUY) | Firestone Diamonds* (FDI): Liqhobong commissioning update (BUY) | Accsys (AXS): Acorn aiming to be a mighty oak – analyst interview (BUY) | Avacta* (AVCT): Act now… – analyst interview (CORP) | Tristel* (TSTL): Full year 2016 results – analyst interview (CORP)
FY 2016 results
17 Oct 16
Full-year results were 7% ahead of the August trading update. Revenue growth of 27% was driven by Vitamin D, up c55%, and sterling's depreciation, which contributed c11% to growth. A higher final dividend together with a 20p special dividend implies a combined yield of 2.9%. Management is confident that Siemens will launch its troponin-based assay contributing to and largely replacing lost NT proBNP royalties in FY 2018. We have increased our target price to 1450p to reflect a 5% EPS upgrade to 2017 earnings and introduced a 2018 forecast, calling for EPS of 72.7p.
N+1 Singer - Morning Song 21-10-2016
21 Oct 16
Xaar has announced that its FD, Alex Bevis, will be leaving to pursue other opportunities after almost 6 years with the group. A search is underway for his replacement and Alex will remain with Xaar until 24th March 2017. While Alex’s departure is disappointing, Xaar’s strategy remains on track, with new product launches expected to drive near term organic sales growth and a target of £220m sales by 2020. This reflects stronger leverage of Xaar’s innovative technology into a broader spread of end products and markets, with the £220m expected to be composed of broadly equal contributions from ceramics, packaging & product printing, Thin film/P4, and partnerships/M&A. Prospects for the group are exciting, with positive news flow on product launches and end markets anticipated over the year ahead.
25 Oct 16
"London’s blue chip index is called some 15 points higher during this morning’s opening trade, which should see the FTSE-100 test the psychologically important 7000 level once again. The US markets, whose principal indices all closed higher overnight, remain Europe’s main influence as investors track the territory’s latest round of deals and earnings. While broadly pleasing investors, technology issues continue to lead the way which resulted in the NASDAQ registering a full 1% rise on good trading volumes. Against this background, the Federal Reserve Bank of Chicago President, Charles Evans, delivered a speech in which he predicted three US interest-rate rises before the end of 2017, while effectively suggesting that the central bank should allow its inflation target to be overshot before responding with confidence strangling hikes. Generally, however, his forecasts are not far from the current consensus, although he refused to be drawn of the timing of the first move which the markets continue to anticipate in the form of a 25bp move being delivered before the 2016 year-end. By comparison, Asia ended mixed, with the Shanghai Composite finishing unchanged as a weaker Yuan was countered by gains in resource stocks; the latter also boosted the ASX’s commodity-heavy index while a weaker Yen resulted in the Nikkei closing the session with the region’s strongest gain. No major UK macro data are due for release today, which means that traders will eyes will remain focussed on the US disclosure of consumer confidence and housing figures due this afternoon, with neither the ECB President Mario Draghi’s scheduled lecture or the Bank of England Governor, Mark Carney’s appearance before the Lord’s Committee, expected to provide significant new market-sensitive information. Earnings or trading updates are expected from Anglo American Carpetright (AAL.L), GKN (GKN.L), National Express (NEX.L) and Whitbread (WTB.L). Significant quarterly earnings also due from US majors due this afternoon include Apple and General Motors. " - Barry Gibb, Research Analyst
Panmure Morning Note 27-10-2016
27 Oct 16
CareTech announces that trading to September 2016 is in line with market expectations. The company continues to trade at a significant discount to peers, we believe this is unjustified given the consistent performance in recent periods, including double digit EBITDA growth and high dividend yield. We maintain our BUY recommendation and 380p price target.