Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on ROYAL MAIL PLC. We currently have 6 research reports from 2 professional analysts.
|29Nov16 09:02||RNS||Directorate Change|
|17Nov16 07:00||RNS||Half-year Report|
|07Oct16 05:33||RNS||Director/PDMR Shareholding - replacement|
|07Oct16 02:34||RNS||Director/PDMR Shareholding|
|04Oct16 09:00||RNS||GLS Acquires Golden State Overnight|
|05Aug16 02:17||RNS||Spanish competition authority investigation|
|02Aug16 04:19||RNS||Director/PDMR Shareholding|
Frequency of research reports
Research reports on
ROYAL MAIL PLC
ROYAL MAIL PLC
18 Nov 16
"Fed Chair Janet Yellen yesterday gave her strongest comments to date in favour for a policy tightening in December, telling Congress an increase could be "appropriate relatively soon." She also warned that there would be an eventual price to pay for Donald Trump's 'big government spending', in the form of inflation and a spiralling national debt. The immediate result, however, was for the Dollar to extend its rally during the Asian session, pushing it beyond the Y110 mark for the first time in five months, as yesterday's housing, jobless and inflation data also demonstrated the US to be in its best health for a decade. Another result of this was for the gap between US and German government-bond yields to widen to a 27-year high, as investors placed their bets on Trump's administration sparking an extended phase of expansion, against Europe's political risks, highlighted by Italy's forthcoming Referendum and next years' elections in Germany and France which, some believe, could potentially foster sufficient national tensions to threaten the very existence of the EU. This all blew warm winds over the US equities, with all three principal indices rising once again, as financials and technology stocks celebrated the overnight news. Asia was less convinced, with only Japan putting in a strong performance, sending the Nikkei to a 10-month high in early morning trade as the export-led territory welcomed the weakening Yen. By comparison, the Shanghai Composite closed weaker and other local markets made just fractional movements, as traders considered tomorrow's start of the APEC economic leaders conference in Peru which will discuss cooperation programmes in the Asia Pacific, Trump's proposals for protectionist tariffs and Xi Jinping's vision of the FTAAP following the anticipated collapse of TTIP. Providing no strong direction for London's opening, the FTSE-100 is seen gaining 10 or so points in early trade. There are no significant UK data releases scheduled for today, although a speech by the Bank of England's Ben Broadbent will be studied for any hints regarding of Phillip Hammond's forthcoming Autumn Statement while, later this afternoon the Fed's John Williams may reflect on Janet Yellen's Testimony. UK corporates due to report earnings or trading updates include Electrocomponents (ECM.L), Fuller, Smith & Turner (FSTA.L) and Jimmy Choo (CHOO.L)." - Barry Gibb, Research Analyst
20 Jul 16
"A quiet opening across Europe this morning is expected to see the FTSE rise around 25 points early trading. US sentiment is likely to be the principal driver, with the post-meeting statement from policy makers at the Federal Reserve suggesting they now see the economy having stronger foundations than was apparent back in June. While the central bank is still expected to leave rates unchanged at next week’s meeting while it collects more economic data, expectations for its first move since December 2015 now appear to have risen sharply, with the hot money now pointing at September. Brexit meanwhile appears to have cast a shadow over the proposed far reaching EU:US trade deal, the Transatlantic Trade and Investment Partnership or ‘TTIP’, that has been in negotiation since 2013. With the UK set to leave the table, more protectionist countries now appear to have picked up the negotiating mantel, which potentially threatens hopes of getting the deal signed before the end of Obama’s presidency. As a result, US shares closed mixed with the Dow Jones to chalking up its eighth consecutive albeit modest rise, keeping it firmly in record territory while the other principal indices gave back some of their recent gains on profit taking in technology stocks. Asian shares traded similarly this morning, as overnight US$ strength sapped Japanese investor’s confidence in the overall scope of BoJ’s much anticipated stimulus measures, leaving the Nikkei the region’s biggest loser as the Shanghai Composite and Hang Seng went in opposite directions. One of London’s main talking points today will be the meeting between Theresa May and Angela Merkel that is due to take place in Berlin. The UK is also due to release unemployment figures this morning, while corporates includingSevern Trent, Johnson Matthey, Anglo American, Fresnillo and Talk Talk are due to release results or trading updates." - Barry Gibb, Research Analyst
Panmure Morning Note 21-01-16
21 Jan 16
UKPIL volume and revenue trends for parcels and letters remained broadly in line with the first six months of the financial year. GLS performed stronger than expected and the company no longer expects margins to decline for the full year. The outlook for parcel and letters remains unchanged, as does our Hold recommendation.
Panmure Morning Note 21-07-15
21 Jul 15
Group revenues were flat in Q1 2015/16 (UKPIL revenues were down but underlying GLS revenues were up 8%). With underlying operating costs expected to remain flat before transformation costs, the company expects full year results to be in line with expectations. We retain our Hold recommendation.
07 Dec 16
Severfield’s (SFR’s) H117 results were well ahead of the previous year; margin performance and order book development cause us to raise our FY17 profit expectations. This combination has also proved to be a catalyst for share price outperformance following the results. Revenue growth and further margin development towards management’s stated aim of doubling FY16 PBT by 2020 can sustain further progress.
Focused on the long term
08 Dec 16
These are rare events but it is nice to see a management use its public listing advantageously to trade short-term dilution in EPS for the optionality of asymmetric upside in the long term. With over £10m already in the balance sheet, ABD has successfully raised £5.4m gross in a placing and expects to raise another £1m from an offer. We were not surprised to learn that the placing was over 3.5x oversubscribed. How many listed UK companies are positioned to take advantage of the digital revolution in the automotive industry? The additional investment in new people, facilities, products & services should be dilutive to FY2017-18 EPS but this is small price to pay to establish the leading supplier of integrated test, measurement and simulation solutions to the autonomous vehicle industry. Our forecasts assume that growth will accelerate from FY2019. We raise our target price to 575p based on 15x FY2019 EPS, equivalent to Ricardo, the only other UK stock which has embraced the optionalities offered by the technological changes in the automotive industry.
Exceptional trading continues
08 Nov 16
Keywords has announced that the strong trading in localisation and audio services has continued into H216. In particular, the Synthesis business acquired in April continues to benefit from exceptionally strong trading. Full-year results are now expected to be materially ahead of consensus and we upgrade our FY16e EPS by 13%. Erring on the side of caution, we have not changed our FY17 estimates significantly. Nevertheless, we believe the company does have a platform to sustain double-digit earnings growth, and hence medium-/long-term prospects for further share appreciation remain good.
08 Dec 16
Elderstreet stake acquired 02 GENERAL NEWS Globalworth premium In this issue Venture capital firm Draper Esprit has taken a 30.8% stake in venture capital trust manager Elderstreet. Both investment managers focus on the technology sector and they will be able to co-invest. Elderstreet has investments in a number of AIM-quoted companies through its VCTs. The purchase was funded by an issue of Draper Esprit shares worth just over £250,000. Simon Cook, the chief executive of Draper Esprit, is a former partner at Elderstreet so he knows the business and the people who run it, although he did leave more than 14 years ago. Cook has previously acquired portfolios from 3i and Cazenove, two other firms where he has worked. Draper Esprit has an option to acquire the remaining shares in Elderstreet, which has more than £25m under management. Adding Elderstreet to the group enables Draper Esprit to offer investors a range of EIS funds, VCTs and an ISA qualifying listed evergreen patient capital fund. The enlarged group has venture capital assets under management of more than £350m. At the end of September 2016, Draper Esprit had a net asset value of 352p a share, which is similar to the current share price. The June 2016 flotation price was 300p a share. Draper Esprit is quoted on Ireland’s Enterprise Securities Market as well as AIM.
02 Dec 16
On 30 September 2016, when the company announced its full year results, it reported that the UK business had seen a slow start to the year, with particular weakness in repair and renewal spending by the NHS as well as “reticence” in the education sector. However, with the UK only representing about a third of the business, this weakness was expected to be more than offset by the positive effect of a weakened sterling on its overseas business, given the benefits for competitiveness and margins.