Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on UK MAIL GROUP PLC. We currently have 1 research reports from 1 professional analysts.
|24Nov16 03:10||RNS||Rule 2.9 Announcement|
|18Nov16 03:01||RNS||Results of Court Meeting and General Meeting|
|18Nov16 01:28||RNS||Results of Court Meeting and General Meeting|
|17Nov16 07:00||RNS||Half-year Report|
|10Nov16 03:05||RNS||Rule 2.9 Announcement|
|26Oct16 01:28||RNS||Form 8 (OPD) (AMENDMENT)|
|26Oct16 09:29||RNS||Posting of Scheme Document|
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UK MAIL GROUP PLC
UK MAIL GROUP PLC
Q316 trading update
12 Jan 16
Q316 trading update reassures that trading in line with reduced expectations. Top line impetus has been maintained with parcel volumes in Q316 consistent with growth achieved in the first half i.e. 8% volume growth equates to c.5% revenue growth eroded by the changing mix. The group experienced a surge in volumes following the collapse of City Link that generated a 5.3% increase in parcel revenues in H116 and this remains a volume driver. We note, whilst the surrender of c.3% volume to revenue remains the same, there has been some evidence of prices hardening which may point to firmer pricing environment in certain sectors where there is less capacity in 2016.
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.
Panmure Morning Note 02-12-16
02 Dec 16
Today James Halstead will be holding its 101st AGM. Trading during the first part of FY17 has been mixed, with some notable challenges. However, movements in FX (i.e. weak sterling) is boosting reported earnings, offsetting UK volume trends and pricing pressures. Whilst earnings are likely to be second half weighted, the picture is in-line with expectations and we are leaving our FY17 PBT estimates unchanged (£47.4m in FY17 vs £45.4m FY16).
06 Dec 16
600 Group* (SIXH): Interim results: order book showing signs of improvement (CORP) | Real Good Food* (RGD): Commodity volatility impacts numbers (CORP) | Minds + Machines* (MMX): .vip goes live in China (CORP | Imaginatik* (IMTK): Interims (CORP) | iomart* (IOM): Quality business as usual (CORP) | Fulcrum (FCRM): Upgrades continue (BUY)
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.
06 Dec 16
Acal’s H117 results reflected the weaker demand that was previously flagged combined with positive FX trends. Design & Manufacturing (D&M) continues to grow as a proportion of total revenues and profits and management has raised its targets for this part of the business. The company continues to consider further acquisitions, recently increasing its debt facility to support its growth strategy. The outlook for FY17 is unchanged – based on H117 order inflow, H217 is expected to be stronger and we leave our earnings forecasts substantially unchanged.