Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on SCS GROUP PLC. We currently have 35 research reports from 3 professional analysts.
|23Nov16 03:20||RNS||Result of AGM|
|23Nov16 07:00||RNS||AGM Statement|
|28Oct16 04:20||RNS||Director/PDMR Shareholding|
|27Oct16 04:15||RNS||Director/PDMR Shareholding|
|25Oct16 11:35||RNS||Publication of Circulars and Notice of AGM|
|17Oct16 05:30||RNS||PDMR Shareholding|
|11Oct16 07:00||RNS||Proposed Final Dividend|
Frequency of research reports
Research reports on
SCS GROUP PLC
SCS GROUP PLC
23 Nov 16
Fenner (FENR): Forecast upgrade prompts Buy rating (BUY) | Transense Technologies* (TRT): Upbeat AGM statement (CORP) | Avacta* (AVCT): To affinity and beyond… (CORP) | ScS Group (SCS): AGM statement (BUY) | BATM Advanced Communications* (BVC): Animal vaccine maker orders second sterilizer (CORP) | Redcentric* (RCN): CFO appointment and Financial Adviser resignation (CORP)
04 Nov 16
Breaking with convention, this Quarter we take the temperature of the expanding non-listed casual dining and bar operator sector. Looking at the top 50 operators, it appears that the £80bn market for eating and drinking out in the UK is alive and well. The AlixPartners Growth Company Index (October 2016) shows that 2-year profit CAGR has improved over the last few years, and recent surveys from Greene King, Coffer Peach and Deloitte highlight elevated spend on out-of-home occasions.
N+1 Singer - ScS Group - Strategic progress and trading momentum point to upside risk
04 Oct 16
PBT increased 75% YoY underpinning our view that last year’s disappointment was driven by adverse trading conditions out of their control and that the strategic growth plans have significant potential. The drop through to profit from 14% sales growth would actually have been better but for particular step-changes in opex for bonuses and marketing. We estimate pre bonus EBITDA leapt from c£12m to c£22m including that additional marketing. With new stores performing ahead of expectations, 4 new openings planned for FY17, and a positive start to Q1 (+4.5% LFL) we believe there is upside risk beyond small tentative upgrades today of c5%. The valuation is compelling.
FY16 results ahead of our expectations
04 Oct 16
FY16 numbers came in ahead of our expectations. While current trading has unsurprisingly moderated, the Group is still trading positively and the higher base set in FY16 leads us to increase our adjusted EPS forecasts for FY17E and FY18E by 12% and 10% respectively. We retain our 230p price target, given consumer confidence has become more volatile post the referendum.
N+1 Singer - Morning Song 04-10-2016
04 Oct 16
Trifast has reported solid trading for H1 17. Organic growth has continued at a similar level to FY16, driven by the group’s focus on increasing its penetration of its large OEM customers and winning new ones. Meanwhile weaker sterling has provided a material tailwind. We have increased our FY17 PBT and EPS forecasts by 4% to reflect updated FX assumptions, putting the shares on undemanding multiples of c.9.7x EV/EBITDA and 14.4x P/E. We have also increased our target price from 165p to 170p. Prospects remain positive and we reiterate our Buy recommendation.
Joy of Techs
21 Nov 16
ICT evolution is driven by technological development as advances are made which both meet and shape customer requirements. Our 2011 note No such thing as a telco described the modern reality in that former ‘telcos’ now deliver varying elements of a range of managed services. We built on this theme last year, exploring in further detail their evolutionary paths, operating fundamentals, and cashflow yield similarities. In the consumer environment, demand for bundles of technology is complemented by demand for content. Across the pond, the mooted combination of AT&T and Time Warner typifies the bundled need of ‘pipe’ and content, since unbundled alternatives such as FaceTime and WhatsApp can be easier and clearer to chat over, and Amazon and Netflix are easier to watch anywhere. In the UK, BT’s defensive actions cover delivery, content and capabilities, acquiring EE yet also buying football rights. While TV was long ago added to triple play to become quad play, voice is now merely an app, and fixed and mobile seen as just dumb pipes: it's the content that will influence consumer choices. Growth of TV and film as well as music and gaming over IP leads to UK small cap opportunities. In context of the drive to maximise value from pipes and access by offering content and data, we look at some amongst the potential tech small cap beneficiaries: Amino*, Keyword Studios, ZOO Digital*, 7digital*, KCOM* and CityFibre*.
30 Nov 16
Abzena (ABZA): Interim results indicate happy customers (BUY) | Horizonte Minerals* (HZM): Fund raise completed (CORP) | SacOil* (SAC): Half-year trading statement (CORP) | Revolution Bars (RBG): New openings (BUY) | Amino Technologies* (AMO): Multi operator FUSION roll out (CORP)
05 Dec 16
These interims show LPEs by is ahead of its plan to recruit 360 LPEs by April 2017 and is making impressive progress in Australia. The statement (and we expect the results presentation) provide considerable evidence of Purplebricks’ progress in building its brand, increasing its LPE footprint, developing its technology, creating engaging marketing and selling properties. We leave our forecasts unchanged. Investor confidence in Purplebricks’ ability to deliver sustainable profitable growth should result in share price appreciation towards a valuation based on its results for the year ended April 2019.
Successfully engaging players
06 Dec 16
Stride has a clear focus on online bingo and soft gaming and is growing rapidly, with FY16 l-f-l revenue up 22%. The acquisitions of Tarco and 8Ball at the end of FY16 doubled its share of the UK bingo-led market from 5% to 10% and should deliver material synergies from FY17. Our unchanged FY17 estimates are for 11% EPS growth and strong cash generation. We expect organic growth to be augmented by further accretive acquisitions in due course. Stride’s FY17 P/E is 10.3x and the calendarised EV/EBITDA is only 7.1x, implying considerable share price upside potential.