Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on SAFESTYLE UK PLC. We currently have 52 research reports from 4 professional analysts.
|13Feb17 07:00||RNS||Board Appointment|
|23Jan17 07:00||RNS||Year End Trading Update|
|19Dec16 17:20||RNS||Holding(s) in Company|
|25Nov16 07:00||RNS||Director/PDMR Shareholding|
|21Nov16 07:00||RNS||Director/PDMR Shareholding|
|10Nov16 15:37||RNS||Holding(s) in Company|
|10Oct16 17:41||RNS||Holding(s) in Company|
Frequency of research reports
Research reports on
SAFESTYLE UK PLC
SAFESTYLE UK PLC
N+1 Singer - Safestyle UK - Delivering growth but no further upgrades - Hold
23 Jan 17
Against tough comps, and with slightly less efficient conversion rates, H2 sales were shy of expectations. But this was more than offset by strong margin performance, driven by price rises and absence of mix dilution. The net result is FY16 EPS growth of >15%, equating to a small 1% beat. Despite the uncertain macro outlook, the board remains cautiously optimistic about growth prospects (2yr EPS CAGR, 10%). However, it is unclear if the market is growing or not and national competition is intensifying, so further upgrades aren’t guaranteed. After a great run, and now on 10x EV/EBITDA, we downgrade to Hold (from Buy); Halfords/N Brown (Buy) offer better valuations/yields.
Another good year
23 Jan 17
Today’s trading update highlights that 2016 has been another good year for Safestyle reporting record revenue, that will translate into record profitability, and continuing to take market share. Revenue of £163.5m (FY15: £148.9m) is broadly in line with the ZC estimate of £165.0. Profitability is in line with management expectations and will be in line with consensus and the ZC estimate of £20.2m. Safestyle has grown revenue and profit by c. 10.0% and c. 15.0%, respectively, during FY16. This level of growth looks to be at the upper end of the peer group’s performance in a year when the sector has had to deal with the continuing difficult RMI market and input price pressures, as raw material costs increase. Safestyle’s best in class performance has been reflected in the share price which is trading near all-time highs at 311.75p. Despite this, the FY17 PER multiple of 15.3x does not look stretched when taking into account the competitive position of the business in its market and the potential for further cash returns.
Small Cap Breakfast
23 Jan 17
Jackpotjoy — Prospectus now approved by the FCA. Admission to Official List expected 25 January. 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.
N+1 Singer - Small-cap quantitative research - Consistent growth screen refresh + “11 with legs”
29 Sep 16
We have performed a second refresh of our consistent growth screen, first established with our research note of 17 December last year. As previously, the screen produces a basket of 25 stocks that exhibit not only good growth in EPS and sales, but also a consistency of growth in both measures each year. This basket, or style, has underperformed the small-cap benchmark by 9.1% since inception last December, and by 4.8% since the last refresh on 13 April. We highlight stocks leaving and joining the basket and take a closer look at 11 stocks “11 with legs” in the refreshed screen. We will continue to monitor performance of the basket and refresh it again in about 4 months’ time, but interestingly, consistent growth is beginning to look like consistent underperformance!
20 Feb 17
Hayward Tyler Group* (HAYT): Trading update and financial position (CORP) | Petra Diamonds (PDL): Interim results (BUY) | Gemfields* (GEM): Interim results (CORP) | Premaitha Health* (NIPT): Middle East momentum (CORP) | Sound Energy (SOU): Acquisition update and TE-8 well spud (HOLD) | Proactis* (PHD): Interim trading on track (CORP) | 7digital* (7DIG): Automotive contract win (CORP)
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 - Morning Song 22-02-2017
22 Feb 17
CORETX (COR LN) Contract wins and new Lifestyle facility | Gooch & Housego (GHH LN) Solid Q1 trading plus earnings enhancing acquisition of StingRay Optics | NCC Group (NCC LN) Further issues in Assurance | PCI-PAL (PCIP LN) Strong H1 underpins positive outlook | UBM (UBM LN) Results | Verona Pharma (VRP LN) Phase IIa RPL554 add-on trial to tiotropium commenced
N+1 Singer - Carpetright - Recovery has just begun
17 Feb 17
With UK LFLs up 6.8% in Jan against tough comparatives, and Europe LFLs up 5.4% in Q3, the first clear evidence is now visible that the transformation strategy is gaining momentum. Given some uncertainties, market forecasts are yet to reflect this, but upgrades seem likely as further initiatives are rolled out. Despite a recent bounce from its all time low, the valuation is still very low on consensus assumptions, where risk now appears to be shifting to the upside. With scope for re-rating too, our 300p target price has the scope to grow to 500p over 18 months. We re-initiate with a Buy.
New Screen – Consistent Growth + “11 with legs”
17 Dec 15
To represent the theme of “Consistent Growth”, we introduce our second basket of small-cap stocks selected by a screening process. This will sit alongside our first (deep value) basket introduced and described in our note dated 26th May 2015 (Our first screen – 10 deep value stocks to consider). The screening criteria address both the extent AND the quality of growth in EPS and sales, which we consider add a worthwhile additional element to stock selection. The process results in a basket of 25 stocks, the performance of which we will track over time, allowing comparison of investment styles, but also highlighting interesting companies. We have taken a closer look at 11 stocks “11 with legs” (see list on the right) in this screen.