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Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Webis. We currently have 1 research reports from 1 professional analysts.

Open
2.60p
Volume
0.7m
Range Today
2.52/2.70p
52 Week
0.78/7.68p
Market Cap
£10.2m
Enterprise Value
£-3.36m
Pension Liability
£0m
# Shares
393.5m
Latest PE (hist)
Div Yield

Latest News/RNS

(more news)
Date Source Announcement
25Jun18 11:00 RNS Price Monitoring Extension
25May18 16:40 RNS Second Price Monitoring Extn
25May18 16:35 RNS Price Monitoring Extension
16May18 09:00 RNS Price Monitoring Extension
16May18 07:00 RNS Webis welcomes US Supreme Court decision
27Feb18 07:00 RNS Interim Report and Financial Statements
20Dec17 11:57 RNS Result of AGM
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  • Research reports on

    Webis

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    Webis

  • 17 Sep 18

CEO Appointment & board changes

boohoo Group has this morning announced the appointment of John Lyttle as Group CEO (effective 15th March 2019) and the re-alignment of its wider executive board as it positions itself for the next stage of growth. John is currently the COO of Primark, one of Europe’s fastest growing and most profitable retail businesses, a role he has been in for eight years. His appointment brings complementary operational experience to boohoo’s senior management team as it focuses on rolling out the infrastructure and technology needed to realise its ambitions of reaching £3bn in annual sales. Joint co-founders Mahmud Kamani and Carol Kane will remain close to the businesses, moving to Group Executive Chairman and Group Co-Founder and Executive Director respectively, with a focus on driving the longer-term strategy and creative vision for the enlarged Group. Current Non-executive Chairman Peter Williams will step down from his role next March with a replacement NED role to be announced in due course. Interim Results will be announced on 26th September, and the shares trade on 44.3x FY19 PE based on Friday’s close.

Companies: Boohoo.Com
  • 19 Sep 18

Cenkos: Arena Events Group Plc - Delivering Eventful Performance

Arena has announced its H1/18A results with revenue growing 23% YoY to £54.9m and adjusted EBITDA expanding 52% YoY to £3.5m. We leave our trading forecasts unchanged. The company has successfully delivered on, and won new contracts while making six acquisitions since the beginning of the year. Management continue to successfully expand the business geographically and increase its product offering, which in turn leverages scale into heightened profitability. We believe Arena to potentially offer investors incrementally increasing returns on capital through margin enhancement and asset utilisation. The stock trades on an undemanding FY19E PER of 11.5x with the expectation of c28% YoY growth in adjusted EBITDA over the period.

Companies: Arena Events
  • 20 Sep 18

LIBERUM: Safestyle* - Returning to profit in Q4

The encouraging news from the first half results announcement is that order intake is improving, with a run rate in September 12% ahead of the start of July. Q3 is likely to be loss making, as was the first half, but Q4 should see a return to profitability.

Companies: Safestyle UK
  • 20 Sep 18

LIBERUM: The City Pub Group* - Building confidence, developing locals

City Pubs continues to invest in new sites and staff to deliver a 25% increase in Adj EBITDA in 1H18. The number of trading sites has already surpassed plan with 42 open and four in development with the expectation of reaching 50 by mid-2019.

Companies: City Pub Group
  • 03 Sep 18

The Monthly September 2018

September’s Hardman Monthly features an article from guest contributor, Tim Ward. Tim is the Chief Executive of the Quoted Companies Alliance (QCA), an organisation that champions the interests of small to mid-size quoted companies.

Companies: OPM AVO AGY APH ARBB AVCT BNO CMH DNL EVG GDR INL KOOV MCL MUR NSF OXB PHP RE/ REDX SCLP SCE SIXH TRX TON VAL W7L

  • 20 Sep 18

GVC Holdings - Strong growth amid integration

GVC has announced a strong set of H118 results, with pro-forma net gaming revenues (NGR) increasing 8% to £1,717m, driven by an impressive 18% growth in Online. The integration of Ladbrokes Coral is on track, with an additional £30m capex synergies identified. GVC is now a leading player in the global gaming market and is well placed to continue gaining share across all its key territories. M&A are likely to remain a feature and there is significant potential upside from the US, which is not in our estimates. The stock trades appropriately towards the top of its peer group, at 10.3x EV/EBITDA and 13.5x P/E for 2018e.

Companies: GVC
  • 07 Sep 18

The Internet of Things

We believe a confluence of factors (including connectivity (NB-IoT and 5G), power storage (supercapacitors) and investment) is due to accelerate the adoption of The Internet of Things (“IoT”) at a global level. In this note we highlight a rich landscape of opportunity on AIM, initiating coverage on two companies which, in our view, offer investors compelling exposure to the IoT space:

Companies: 7DIG TIDE TRAK FST VNET

  • 20 Sep 18

Interim results

Safestyle has announced interim results for the six months ended 30 June. Revenue of £60.5m is down 27% YOY reflecting previously reported significant business disruption experienced in H1 due to the actions of aggressive new market entrant SafeGlaze UK. The Group sought a court injunction to counter these actions with a settlement announced earlier this month (3rd September). Cost pressures have resulted in a 930bps YOY decline in gross margin, delivering a loss before tax of £5.7m in H1 (H1 2017: £8.8m profit). A new management team is now in situ and the swift resolution of the SafeGlaze litigation removes uncertainty from the business and refocuses the group on returning to profitable growth. A slower than expected recovery in installation volumes in Q3 means we reduce our FY18 forecasts but encouraging signs of growth in the order book and anticipation of a return to profitability in Q4 means we leave FY19 forecasts broadly unchanged. At current levels the shares trade on 7.5x FY19 PER which we believe offers substantial turn-around potential should forecast improvements be realised.

Companies: Safestyle UK
  • 21 Sep 18

Cenkos: Tasty Plc - Efficient Capital Allocation

Tasty plc has announced its interim results for H1/18A. Revenue declined 5.7% YoY to £23.0m. The company continues to focus on its performing estate, whilst adapting its strategy in the face of unfavourable trading conditions. Management is maintaining focus on keeping its food offering relevant and reducing its cost base, whilst pushing forward with initiatives to fully understand its customer and strategic marketing opportunities. Given the uncertain outlook and lack of formal guidance we maintain our Hold recommendation.

Companies: Tasty
  • 19 Sep 18

Cenkos: Comptoir Group Plc - Uniquely Resilient

Comptoir has announced its FY18E interims results with revenue growing 19.8% YoY to £15.7m, and adjusted EBITDA increasing 152% YoY to £0.5m. In a challenging environment Comptoir has managed to deliver expanding margins, even as it has scaled. With a strong financial position, management continues to prudently add sites and franchised operations. Full-year performance is guided in-line with expectations. Comptoir trades on a FY18E EV/adjusted EBITDA of 4.9x, which we believe offers investors value to a quality niche operator. Buy.

Companies: Comptoir Group
  • 20 Sep 18

The In-Betweeners

AO World (AO) is the leading online retailer of domestic appliances in the UK and additionally has a significant non-UK operation in Germany and the Netherlands. Our initiation today examines its scaling-upstrategies and its potential to re-rate. We conclude that scaling potential is already being demonstrated outside the UK where we believe the ultimate value lies while the UK needs to show how it can grow its core MDA sales to counter recent signs of maturity. We initiate with a buy recommendation and a 172p target price.

Companies: AO World
  • 18 Jul 18

Quarterly Research Outlook

In Q2, UK equities regained some of their poise after the draw down in Q1, although uncertainty around Brexit continued to grab the headlines. On the back of this, investor concern about the UK economy has been understandable in recent months given a number of negative data points. However, we see reasons for optimism for UK Plc with wage growth supporting an improving outlook for the consumer and business investment holding up. That said, continuing UK political disruption clearly remains a risk going forward.

Companies: AMER EMR HMI JOG PDG ABBY AMS AVON BLVN PIER CGS CALL CSRT TIDE DTG DEMG ELM EMR FPM FPO GTLY GENL GOR GEEC HDY HMI HAYD HEAD HILS HTG HUR IBPO IOG INDI JHD JOG LAM MACF MKLW NAH OXIG PCA PKG CAKE PDG RBW REDD RSW RNO RKH ROR SUS SCPA SHG SIV TRAK TRI VTC ZTF

  • 19 Sep 18

Strategy Update probable next Spring

This morning’s results and accompanying investor/analyst conference were revealing as the latter strongly suggested that work is underway to re-calibrate the existing One Kingfisher strategy with the likelihood of a new 5-year plan emerging in early 2019 in our view.

Companies: Kingfisher
  • 20 Jun 18

Cenkos: Leisure Sector -- Suspend coverage

Due to a change in sector focus Cenkos Securities plc has suspended coverage of the following stocks (see table 1). Our previous recommendation and forecasts can no longer be relied upon. Please contact Cenkos for further information.

Companies: TUI CCL CPG DOM GNK IHG JDW JE/ MARS MERL MAB PPB PTEC RTN SSPG TCG WTB WMH

  • 02 Jul 18

H1 Review

Best Ideas - 2018 H1 Review

Companies: SAA VP/ GLE AMO IOM HSP CVSG EKF PGIT VRP RLM AVG SOG DNLM SFR YU/ CBP