Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on BRITISH POLYTHENE INDUSTRIES. We currently have 8 research reports from 1 professional analysts.
|01Aug16 15:20||RNS||Form 8.3 - British Polythene Industries Plc|
|01Aug16 14:18||RNS||Form 8.3 - RPC Group Plc|
|01Aug16 14:17||RNS||Form 8.3 - British Polythene Industries Plc|
|01Aug16 13:40||RNS||Form 8.3 - RPC Group Plc|
|01Aug16 12:28||RNS||Form 8.5 (EPT/RI) British Polythene Industries Plc|
|01Aug16 12:13||RNS||Scheme Effective|
|01Aug16 10:23||RNS||Holding(s) in Company|
Frequency of research reports
Research reports on
BRITISH POLYTHENE INDUSTRIES
BRITISH POLYTHENE INDUSTRIES
UK efficiency gains
13 May 16
British Polythene Industries’ (BPI’s) AGM update confirmed the strong start to the year in Q1 continued in April, slightly tempered by some upward pressure in polymer prices latterly . The company has also announced a proposed transfer of activity from its Sevenoaks site to another group facility. The associated £1m exceptional charge in the current year will be matched by the annual profit uplift in subsequent years once completed. This triggers a further upgrade to our estimates and should support a higher share price, in our view.
Strong start to the year
27 Apr 16
British Polythene Industries (BPI) has a seasonally stronger H1 trading pattern and a positive Q1 trading update allows us to upgrade estimates again, having done so after the FY15 results. The previously announced disposal of a Chinese subsidiary has completed on slightly better terms than previous guidance. Despite this progress, BPI’s rating remains stubbornly in single-digit P/E territory.
Steering a steady course
17 Mar 16
British Polythene Industries (BPI) successfully navigated a challenging FY15 trading year to deliver very respectable progress in profitability, earnings and dividends. Management is sticking to its tried and tested formula of investing in the business to enhance capability, market position and product offering and we expect further progress to flow from this.
Out of China
28 Jan 16
British Polythene Industries (BPI) is disposing of its Chinese facility for an expected £9.4m. We estimate this to be modestly earnings enhancing with an expected £4m book profit. UK-oriented revenues will largely be retained and the group’s grow and invest strategy is unaffected by the sale. Valuation multiples are now in single-digit territory with, we expect, a growing yield. FY15 results are scheduled for 29 February
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.
21 Feb 17
Lighthouse Group* (LGT): Middle Britain growth (CORP) | Utilitywise* (UTW): Double-digit sales growth (CORP) | Trakm8* (TRAK): Earnings expectations cut again (CORP) | dotDigital* (DOTC): Myriad growth opportunities (CORP) | Artilium* (ARTA): Five-year Telenet deal secured and prepaid (CORP) | Netcall* (NET): Cloud investment pays off (CORP)
Emerging from the clouds
16 Feb 17
Rolls-Royce’s underlying performance in FY16 was ahead of both its own and market expectations. Media focus on the non-cash £4.4bn headline FX loss is missing what looks to be the basis for optimism. As the civil model starts to move from investment in engines for the A350 and A330neo into the aftermarket delivery phase over the remainder of the decade, we think cash flow is likely to improve, particularly if supported by an eventual recovery in Marine.
N+1 Singer - Small-cap quantitative research - New quality style screen + 11 quality focus stocks
09 Feb 17
We introduce our fourth and final style screen representing “quality”. This screens for stocks with the best combination of high returns on capital/equity, EBIT margins and operating cash-flow conversion rates. These criteria should help us monitor how strong underlying returns translate into share price performance over time and under varying market conditions. The screen selects the “best” 25 stocks from our universe of just over 500 stocks and, as usual, we focus on a shorter list of stocks we cover or otherwise know and believe to be particularly interesting. We provide brief investment summaries on these focus stocks on pages 4 – 9. We will monitor performance and refresh the screen in approximately 3-4 months time.
Share & share alike
14 Feb 17
The rally in the last fortnight, highlighted in the table, reflects a continued flow of positive updates and economic news. The FTSE 250, Small cap and Fledgling indices have reached record highs. We are in the lull ahead of results for those companies with a December year end, a welter of economic data regarding the UK economy, the State of the Union address in the US on 28 February and the UK Budget on Wednesday 8 March. We will learn at that stage the latest forecasts from the Office of Budget Responsibility. As highlighted previously, the reaction to corporate updates will continue to set the tone.