Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on AB DYNAMICS PLC. We currently have 19 research reports from 3 professional analysts.
|06Dec16 02:05||RNS||Update on Proposed Placing|
|06Dec16 07:00||RNS||Proposed Placing and Offer for Subscription|
|21Nov16 12:41||RNS||Notice of AGM|
|16Nov16 07:25||RNS||Final Results|
|16Nov16 07:00||RNS||Final Results|
|17Oct16 07:00||RNS||Board changes - Tim Rogers appointed CEO|
|04Oct16 07:00||RNS||Full Year Trading Update and Notice of Results|
Frequency of research reports
Research reports on
AB DYNAMICS PLC
AB DYNAMICS PLC
Panmure Morning Note 04-09-2016
04 Oct 16
The company has this morning confirmed that it expects to report FY2016 in line with market expectations. We estimate EPS growth of 23% and we see no reason to change our view that CAGR of c20% is sustainable for the foreseeable future, with or without more central bank stimulus. The trend towards autonomous and electrified driving is gaining momentum. Even VW Group, the largest R&D spender in the automotive world, has come off the fence and is now targeting 20-25% of its sales by 2025 to be electric vehicles. With the best growth profile in our Capital Goods stock coverage and a strong balance sheet, we have no hesitation in remaining Buyers particularly as its rating of 20x is a small premium to a highly indebted sector which is reliant on ever more stimulus to generate any growth. We are increasing our target price to 524p (from 500p) to reflect the re-rating of UK peer, Ricardo, to 18.7x 2017 EPS.
14 Stocks due a Referendum Bounce
21 Jun 16
We have now entered the third and decisive stage of the UK’s EU referendum campaign. The launch of campaigning on 15 April saw the beginning of stage one as momentum was captured by the Remain campaign. A series of economic analyses identified the referendum as a risk event damaging to household finances and proved key to a rebound in Sterling. This momentum was recast as the UK entered stage two during a 24-hour period on 26 May. The net migration numbers for 2015 (333,000) were released and the government ceased to be supported by the Civil Service as a result of purdah. This momentum then sat with Leave until 16 June when a combination of the murder of the Labour MP Jo Cox and the third and final phase of campaigning got underway, which is set to benefit the status quo and the better organised and funded campaign – in this case Remain.
Panmure Morning Note 30-11-2016
30 Nov 16
RPC, the international plastics products design and engineering group, has delivered yet another strong set of results (1H17 EBITDA +65%, EPS +45%). At the interim stage PBT was +66% (materially better than we had forecast). Topline growth has principally being driven by acquisitions (GCS + BPI), though organic remains a feature (and crucially remains at levels consistent with FY16). The two recent acquisitions have quickly been assimilated into the panEuropean platform and management has raised cost synergy guidance (again).
N+1 Singer - Morning Song 30-11-2016
30 Nov 16
Sanderson has delivered full year results in line with expectations and the 19 October trading update after a strong finish to the year compensated for a slower start. A healthy level of pre-contracted recurring revenue (50%), incremental sales to existing customers and new customer wins at higher average order values helped deliver solid revenue growth in both the Digital Retail (+9%) and Enterprise (+12%) divisions. A decent order book and good sales momentum suggest that the company is on track to deliver on unchanged profit expectations for the current year. We continue to view the valuation (FY17 EV/EBITDA 8.6x) as undemanding given an attractive combination of accelerating growth potential, strong cash generation and growing dividends.
Panmure Morning Note 02-12-16
02 Dec 16
Today James Halstead will be holding its 101st AGM. Trading during the first part of FY17 has been mixed, with some notable challenges. However, movements in FX (i.e. weak sterling) is boosting reported earnings, offsetting UK volume trends and pricing pressures. Whilst earnings are likely to be second half weighted, the picture is in-line with expectations and we are leaving our FY17 PBT estimates unchanged (£47.4m in FY17 vs £45.4m FY16).
06 Dec 16
600 Group* (SIXH): Interim results: order book showing signs of improvement (CORP) | Real Good Food* (RGD): Commodity volatility impacts numbers (CORP) | Minds + Machines* (MMX): .vip goes live in China (CORP | Imaginatik* (IMTK): Interims (CORP) | iomart* (IOM): Quality business as usual (CORP) | Fulcrum (FCRM): Upgrades continue (BUY)
02 Dec 16
On 30 September 2016, when the company announced its full year results, it reported that the UK business had seen a slow start to the year, with particular weakness in repair and renewal spending by the NHS as well as “reticence” in the education sector. However, with the UK only representing about a third of the business, this weakness was expected to be more than offset by the positive effect of a weakened sterling on its overseas business, given the benefits for competitiveness and margins.