Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on STOCK SPIRITS GROUP PLC. We currently have 8 research reports from 2 professional analysts.
|11Jan17 07:00||RNS||Pre Close Trading Update|
|19Dec16 12:59||RNS||Director/PDMR Shareholding|
|19Dec16 07:25||RNS||Holding(s) in Company|
|08Dec16 10:59||RNS||Holding(s) in Company|
|22Nov16 08:22||RNS||Director/PDMR Shareholding|
|14Nov16 02:47||RNS||Director/PDMR Shareholding|
|24Oct16 07:00||RNS||Directorate Change|
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STOCK SPIRITS GROUP PLC
STOCK SPIRITS GROUP PLC
Strengthening the mix – 2016 trading update
11 Jan 17
Stock Spirits (STCK LN, BUY, T/P 240p) released a full year 2016 trading statement this morning. The company announced overall trading in the second half of 2016, and implicitly the full year, was in line with expectations. Whitman Howard’s own 2016 forecasts are for €264m revenue €50m EBITDA. The company is due to release preliminary results on 8 th March 2017.
20 Dec 16
Stock Spirits (STCK LN, BUY, T/P 240p) is due to release a full year 2016 trading statement on 11th January 2017. Ahead of then, we make modest adjustments to our 2016 numbers, which were slightly above consensus expectations (Source: Bloomberg). However, both Polish competitive conditions and Stock Sprits’ own earnings position appear significantly better than a year earlier. The company last warned on profits in a 27th November 2015 release.
Pricing foundations already laid
22 Nov 16
Stock Spirits (STCK LN, BUY, T/P 240p) competitor Roust’s recent shareholder/debtholder restructuring attracted interest from market commentators. There is a view that a change of ownership at Roust, and potential initial public offering may prompt a significant change in the Polish vodka market’s overall pricing dynamics.
2015 delivers “in line” EBITDA at €54
10 Mar 16
Stock Spirits (STCK LN, BUY, T/P 240p) reported full year EBITDA numbers at the top end of revised expectations in 2016. EBITDA was €53.7m compared with an indicative range of €50 to €54m issued in a 27th November 2015 update. This ability to match guidance in Poland may be perceived to be the first encouraging sign from that country’s vodka market for some time.
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.
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
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.
Successful Christmas trading leads to...........forecast upgrades
17 Jan 17
On the back of a very strong Q3 trading period, with revenues up by over 70% and volumes by 56%, the Board now anticipates that Distil’s FY17 results “will be ahead of current market expectations”. We are consequently raising our revenue forecasts for the next three years, which also see improvements to our bottom line PBT projections. Brand marketing spend growth of 88% in Q3 was running ahead of revenue growth, reflecting the ongoing brand investment across the product portfolio. This dilutes the impact of operational leverage, but still sees our previous PBT loss of c £120K educe by to thirds to £40K. A strong Q4 performance could potentially see Distil achieve breakeven, but we prefer to err on the side of prudence at this stage.
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.