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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 2 research reports from 1 professional analysts.

Open
1.45p
Volume
0.4m
Range Today
1.45/1.60p
52 Week
0.78/7.68p
Market Cap
£6.29m
Enterprise Value
£-3.36m
Pension Liability
£0m
# Shares
393.1m
Latest PE (hist)
Div Yield

Latest News/RNS

(more news)
Date Source Announcement
27Feb19 07:00 RNS Interim Report
22Feb19 07:00 RNS WatchandWager renews key California license
28Dec18 12:40 RNS Result of AGM
30Nov18 08:43 RNS WatchandWager renews key California ADW License
28Nov18 07:00 RNS Final Results and Notice of AGM
19Oct18 09:05 RNS Second Price Monitoring Extn
19Oct18 09:00 RNS Price Monitoring Extension
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  • Frequency of research reports

     

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    Webis

  • Providers covering

    Webis

  • 21 Mar 19

LIBERUM: GAME Digital* - Solid H1 result, but disappointingly lowering our forecasts

H1 EBITDA growth is solid, but we lower our EBITDA forecasts by 13-15% across FY19E-21E reflecting: (i) softer market conditions at the beginning of H2; and (ii) the impact of a slower roll-out of BELONG than anticipated. The latter’s impact on profits is disappointing, although the benefit could be better rent deals on new openings if current property market conditions continue.

Companies: Game Digital
  • 21 Mar 19

Game Digital - Good performance in a challenging market

Game Digital’s (GMD’s) core retail business performed well in a challenging market, with material planned cost savings absorbing an anticipated 1.4% decline in gross transaction value (GTV) and helping to deliver H119 EBITDA growth of 22%. We reduce our FY19 and FY20 EBITDA forecasts by c 8%, primarily reflecting current market headwinds and a shift in BELONG arena openings into subsequent years. The current share price represents a significant discount to our valuation of 69p.

Companies: Game Digital
  • 19 Mar 19

Gathering concerns at Asos

Sales development below estimates and growth slowing down further to 11% at CER in Q2.

Companies: ASOS
  • 21 Mar 19

LIBERUM: Safestyle* - Stabilisation achieved, now restoring profitability

Safestyle's new management has successfully stabilised the business and seen off the challenge posed by an aggressive new entrant in 2018. With most of the lost agents and staff now back at Safestyle, sales order intake stepped up at the end of 2018 and this has continued in the first quarter of 2019.

Companies: Safestyle UK
  • 21 Mar 19

Guidance fulfilled in 2018 and £513m will be returned to shareholders in 2019

Next fulfilled its 2018 guidance and maintained its outlook for 2019. The company intends to return £513m to its shareholders: £213m in dividends and £300m as share buy-backs

Companies: NEXT
  • 14 Jan 19

Opportunity knocks

We are introducing our Best Ideas for 2019 and also review the performance of last year’s picks. We suggest ten solidly financed stocks with good business dynamics that ought to be considered for core portfolio holdings and six UK domestically focused stocks that our analysts believe should perform strongly in the event that uncertainties unwind. We also introduce a new style of research from N+1 Singer which presents a Company’s dynamics and metrics in a clear and concise manner and concentrates on the pivotal issues affecting that Company and an investment decision.

Companies: BCA CLIN CLG CBP DNLM EAH FDL FCRM FUTR GTLY INS GLE NICL SDL SPR TRI

  • 21 Mar 19

Full Year Results

Safestyle has announced results for the year ended 31 December 2018. Performance for the year is broadly in line with our forecasts with a better than expected year-end net cash position of £0.3m thanks to working capital management. Safestyle’s year has been dominated by the actions of an aggressive competitor that significantly impacted operations, resulting in a material fall in sales and profitability. The successful legal resolution of this action means the Group ended the year on a stable footing, with positive sales momentum building into FY19. With a challenging year now behind them, management have successfully completed the first of a three-phase turnaround plan aiming to stabilise the Group and return it to profitable growth. The shares currently trade on an FY19 PE ratio of 15.1x falling to 9.0x in FY20. Safestyle remains a simple and focused business with well invested infrastructure. We believe the investment case is compelling, should management execute the turnaround to plan.

Companies: Safestyle UK
  • 10 Mar 19

THE MONTHLY March 2019

In the investment world, before MiFID II, essentially every institution talked to every broker, and the whole, professional market could see every research note and the forecasts in detail. This was the ‘Age of Consensus’. Everyone had the same information (well, everyone except retail investors), and this transparency helped share price formation and liquidity

Companies: OPM AVO AJB AGY ARBB AVCT CMH CSH DNL GTLY GDR KOOV MCL OXB RE/ REDX STX SCE SIXH TRX TON VAL VTA W7L

  • 19 Mar 19

Long term value

Lookers recently delivered a credible set of 2018A results which demonstrated the robust nature of the business model in a challenging market. We maintain our 2019E headline earnings assumptions for now, but take a more conservative view of 2020E earnings, with net debt forecasts higher due to a higher 2018 base. We continue to believe Lookers is well positioned, with a robust balance sheet and proven management team to deliver shareholders returns over the long term.

Companies: Lookers
  • 20 Mar 19

Unlocking the potential

Franchise Brands delivered a robust performance in 2018, delivering growth in Fee Income and EBITDA of +41% and +37%, respectively based on FY17 numbers restated for IFRS-15, with PBT emerging at £2.9m, comfortably ahead of DCe £2.7m. The group has a highly-experienced management team that, having identified the opportunity at Metro Rod, has now started to unlock its true potential. The Vision 2023 programme is already encouraging franchisees to drive the performance of their businesses, with half now delivering double-digit sales growth. Further, sales & marketing are being enhanced while the development of new technology (notably a Works Management System and linked CRM) is progressing well. We see clear potential for Metro Rod to deliver strong medium-term growth which will fortify an improving performance from the B2C businesses, particularly ChipsAway as it pivots towards Car Care Centres from its mobile-based operation. The group has reduced debt and is now well-placed to consider value-added acquisitions, particularly in the complementary draining and plumbing sector. The new year has started well and we raise our PBT/EPS forecasts by +3% to £3.5m/3.6p (was £3.4m/3.6p) for 2019E and introduce estimates of £4.2m/4.4p for 2020E. We view Franchise Brands as materially undervalued at 20x earnings in 2019, falling to just 17x in 2020.

Companies: Franchise Brands
  • 17 Jan 19

Cenkos: Arena Events Group Plc - FY18E Trading Update

Arena announced a trading update for the year ended 31 December 2018, which saw a strong performance in the US and Middle East offset by operational issues in the UK Structures & Scaffolding business. These appear to be the result of ‘overtrading' (revenue beat expectations, but costs incurred materially increased), leading us to lower our FY18E Adj EBITDA estimates. We see this as a one-off issue, which management is taking steps to address (new regional management team). Trading on a FY19E EV/Adj EBITDA of 6.9x, we continue to see significant value in the shares. Buy

Companies: Arena Events
  • 17 Jan 19

Small Cap Feast

Circassia Pharma (CIR.L) - specialty pharmaceutical company focused on respiratory disease transferring from the Main Market. No funds being raised. Due 4 Feb. Greenfields Petroleum (TSX-V:GNF) production focused company with operated assets in Azerbaijan seeking AIM dual listing including $60m private placement. Mkt cap $12.6m CAD. Expected late January 2019.

Companies: ORCP IOF FOX TEG XLM TAP FST SNG ARE SRB

  • 31 Jan 19

Quarterly Research Outlook

The market has not faced quite so many conflicting challenges for a number of years, whether related to global geopolitics, trade wars, ongoing Eurozone issues or the “will they, won’t they” saga of Brexit. In our Best Ideas, we sought to highlight stocks that present investors with interesting opportunities following recent market moves. Those stocks, we believe, warrant investor attention, in many cases for uncorrelated or stockspecific reasons, regardless of the near-to-medium term market direction. These stocks, in general, represent attractive and well-managed businesses or assets, with share price catalysts and where valuations or recent stock performance provide investors with a good entry point.

Companies: 7DIG ABBY AMS ANX ARS ATYM AVON BLVN PIER CGS CAML CALL CSRT TIDE DTG DEMG ELM EMR FPO FST GTLY GENL GRI GEEC HDY HMI HAYD HEAD HILS HTG HUR IBPO IOG INDI JHD JOG KEYS KCT KGH LAM MACF MOD MKLW OXIG PCA PARK PMO RBW RMM REDD RSW RNO RKH RBGP ROR SUS SCPA SHG SOLG TWD TRAK TRI VNET VTC ZTF

  • 26 Feb 19

Share & share alike

We have seen a continuation of the rally evident so far this year. The factors are familiar with greater optimism regarding US-China trade talks. At home, the path to Brexit remains unclear as D-day looms. The possibility of a delay has increased. The company reporting season continues to highlight winners and losers with the majority of results in line. We have also seen an uptick in corporate M&A. Results set the morning agenda and Brexit votes the evening one. In Share News & Views we comment on AorTech International*, APC Technology*, DeepMatter*, Golden Ocean Group and P&O Ferries/DP World.

Companies: AOR APC BONH BMS CTG CRPR DMTR ESC EUSP FDM FA/ LSAI NKTN PCF SNX TCN VRE W7L

  • 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