Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on EPWIN GROUP PLC. We currently have 23 research reports from 4 professional analysts.
|13Jan17 05:25||RNS||Issue of Equity|
|23Dec16 11:40||RNS||Appointment of Joint Broker|
|16Sep16 03:44||RNS||Holding(s) in Company|
|14Sep16 07:00||RNS||Half-year Report|
|09Sep16 12:44||RNS||Holding(s) in Company|
|12Aug16 07:00||RNS||Trading Update and Notice of Results|
Frequency of research reports
Research reports on
EPWIN GROUP PLC
EPWIN GROUP PLC
Conviction List Q1 2017
05 Jan 17
Since its inception in 2010, the Conviction List has outperformed the market in 11 of 19 periods and a reinvested Conviction List would have returned 260% against a Small Companies index that would have returned 194%. Our Conviction List returned 0.4% over the last quarter; this was set against the benchmark UK Small Companies index that returned 4.0% over the same period.
Panmure Morning Note 07-10-2016
07 Oct 16
A YoGov survey this morning shows that business confidence has returned to pre-referendum levels. But the recent collapse in sterling (down 16% against the $ since 23 June) points to a more fragile position. Therefore, the newly assembled Tory government is likely (for economic and political reasons) to increasingly push through economic expansionary policies. The government will reference large scale infrastructure projects (wanting to show they have a vision for the future). However, the true focus will be on projects that can deliver short term gains. Within the mix will be construction projects such as extra road and social housing repairs.
Making good headway
27 Sep 16
Epwin has a busy agenda of investment, new product development and bedding in acquisitions, but this has not been at the expense of underlying trading performance. Group forward momentum has been generated by management actions and there was no change to underlying earnings guidance before the beneficial impact of the National Plastics acquisition.
Good performance in H1; FY17 and FY18 upgrades on acquisition
14 Sep 16
First half trading has been solid, leaving the business well placed to meet FY16 expectations and the acquisition of National Plastics (NP) in the period, leads to a further upgrade to earnings (+3.6%) in FY17 and FY18 (+3.1%). H1 revenue increased 15.5% to £143.3m (H115: £124.1m) driven by the continued good performance of the Extrusion and Moulding division that was underpinned by the acquisitions of Ecodek and Stormking at the end of FY15. Underlying operating profit increased 48% to £11.8m (HY15: £8.0m) as margins increased 180bps on operational improvements, changes in mix and acqusitions. Despite the RMI market remaining difficult, Epwin will derive c. 19% earnings growth in FY16 followed by c.8% in FY17. The Group’s growth is not reflected in the valuation. The c. 15% share price decline from the recent c. 130p high, leaves the shares trading on just 7.5x earnings with a 6.2% yield. Gearing at 0.6x EBITDA leaves the potential for further accretive acquisitions.
The Slide Rule
12 Jan 17
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.
N+1 Singer - Small-cap quantitative research - Momentum screen refresh + 10 focus stocks
12 Jan 17
We have refreshed our momentum style screen for the first time since inception on 26 July 2016. As before, the screen selects the 25 stocks exhibiting the most extreme momentum characteristics, according to our measurement method. From these we have selected 10 to focus on. Since inception the screen has underperformed both the main small-cap and micro-cap indices against a background of generally rising momentum. We have noted a subset of the basket, where decelerating momentum at the time of measurement appears correlated with significant share price falls since selection. We shall monitor this factor with the new screen, albeit there are only two such stocks showing this pattern, namely Lamprell (not rated) and Gear4music (not rated).
N+1 Singer - Morning Song 12-01-2017
12 Jan 17
As anticipated, the second half has again been stronger than H1 and results will be broadly in line with expectations. In line with this, the order book has continued to grow and is at record levels. This confirms that significant progress has been made in the Group’s shift towards its Technology Products division which, as targeted, contributed c.60% of group revenue in FY16. The small acquisition of Cable Power also gives a complementary boost to the product range. It is also worth noting the significant reduction in net debt, £1.0m ahead of our forecast. We remain supportive of the Group’s strategy and continue to see a bright future as this transition towards a design led technology solutions business continues. We look forward to more detail in March at the final results.
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
Small Cap Breakfast
17 Jan 17
Global Energy Development (GED.L) — To be renamed Nautilus Marine Services. Schedule 1 from developer and seller of hydrocarbons and related products. Reverse takeover. Raising $10.5m via a convertible. Expected 9 Feb. Eco (Atlantic) Oil & Gas—TSX-V listed oil and gas exploration has announced its intention to float on AIM. Assets in Guyana and Namibia. Proposed £2m-£3m fundraise. Diversified Gas & Oil—According to LSE website first day of trading on AIM now expected for 30 January.