Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on TYMAN PLC. We currently have 8 research reports from 3 professional analysts.
|09Jan17 09:44||RNS||Directorate Change|
|15Dec16 11:00||RNS||Holding(s) in Company|
|05Dec16 05:47||RNS||Holding(s) in Company|
|02Dec16 04:52||RNS||Holding(s) in Company|
|25Nov16 04:00||RNS||Holding(s) in Company|
|08Nov16 07:01||RNS||Board Changes|
|08Nov16 07:00||RNS||Trading Update|
Frequency of research reports
Research reports on
Focus on above market growth
09 Dec 16
While market conditions are mixed, Tyman is focused on significant investment and footprint programmes in all three divisions, each also benefitting from acquisitions. This should provide relative resilience if markets remain sluggish and the rating and yield both have attractions given our expectations for progress.
FY16 starts in line with expectations
13 May 16
An AGM update indicated that year to date trading has been in line with management expectations. Regional trends and outlooks also appear to be consistent with those outlined at the time of the FY15 results in March and estimates are unchanged. The rating is consistent with a mid-cycle position, but we believe that Tyman offers an extended earnings growth profile derived from internal initiatives that are underway.
Consensus eps falling…falling…falling…rising 2.0
29 Apr 16
In January we screened for companies with estimates that had been declining consistently since a year previously, but which had risen in the immediately preceding three months (see our note dated 22 January 2016). We have reviewed the performance of those companies and, given the overall strength of this selection, we have re-run the screen. In the c.3 months since selection, the unweighted average rise was c.34% against a c.11% rise in the main All-Share index. From the same universe as before (some 900 companies) we find 38 companies selected by the screen. We note a number of stocks in the list where we have a supportive stance including: Devro (DVO LN, Buy), James Fisher (FSJ LN, Corporate), Mattioli Woods (MTW LN, Buy) and Spirent Communications (SPT LN, Buy).
Building a bigger and better business
27 Apr 16
Management has set a clear vision for developing the platform created to date, through fundamental business footprint changes and integrating acquisitions. FY16 will demonstrate further execution of this strategy and underpin earnings progress. The rating factors in growth – possibly ahead of our estimates – and provides income attractions.
Subdued markets, but progress expected
19 Nov 15
As Tyman's year end approaches, it has pointed to subdued Q3 trading in a number of regional markets but also provided grounds for improved profitability in FY16. Overall, we have trimmed our FY15 PBT estimate by 3.4% with no net change to future years at this stage. We believe that the absence of a growth premium understates market and company prospects.
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.
N+1 Singer - Best Ideas 2017 - Top picks
04 Jan 17
Today we publish our Best Ideas for 2017 - 12 stocks that we believe have excellent prospects in the current year together with a detailed discussion of what we see as the key sector and market themes for 2017. Our top picks are Cineworld, Elementis, Herald Investment Trust, Hill & Smith, IQE, MySale, Redde, ReNeuron, RhythmOne, SDL, Servelec and Severfield.