Research, Charts & Company Announcements
Research Tree offers AB DYNAMICS PLC research coverage from 3 professional analysts, and we have 18 reports on our platform.
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|17/10/2016 07:00:09||London Stock Exchange||Board changes - Tim Rogers appointed CEO|
|04/10/2016 07:00:06||London Stock Exchange||Full Year Trading Update and Notice of Results|
|22/08/2016 13:06:40||London Stock Exchange||Director/PDMR Shareholding|
|12/08/2016 12:44:23||London Stock Exchange||Holding(s) in Company|
|12/07/2016 07:00:06||London Stock Exchange||New Share Option Scheme and Trading Update|
|04/07/2016 10:22:38||London Stock Exchange||Director's Dealing|
|01/07/2016 11:52:14||London Stock Exchange||Holding(s) in Company|
Frequency of research reports
Research reports on AB DYNAMICS PLC
Providers covering 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.
Forget Referendum, Minority Rules
21 Jun 16
Economies are not driven by the majority, but a minority that play by different rules. Given the global newsprint devoted to the UK referendum, it would appear that the key issue facing automakers today is whether to build cars in the UK or Poland. It is not. The elephant in the room is the advance towards the autonomous (driverless) car, which is allowing new entrants (Apple, Google, etc.) to come and play in their backyard. As a solution provider for testing next-generation cars, AB Dynamics (ABD) is well placed to grow at 20% p.a. as competition for driverless cars intensifies. The 17% fall in share price since 10 May 2016 has created a great opportunity to invest in this specialist UK driverless car play.
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Fighting the waves
25 Oct 16
Management action in response to a tough trading climate and falling profits should contribute to a sound recovery in profits next year. Following share price weakness, the group is valued at a substantial discount to both the broking market leader Clarkson and to other peers. Meanwhile, if the dividend can be held, the shares offer a well above-average yield, pending an eventual improvement in trading conditions.
21 Oct 16
STM* (STM): Acquisition of London & Colonial (CORP) | Hurricane Energy (HUR): £70m placing and open offer (BUY) | Firestone Diamonds* (FDI): Liqhobong commissioning update (BUY) | Accsys (AXS): Acorn aiming to be a mighty oak – analyst interview (BUY) | Avacta* (AVCT): Act now… – analyst interview (CORP) | Tristel* (TSTL): Full year 2016 results – analyst interview (CORP)
N+1 Singer - Morning Song 21-10-2016
21 Oct 16
Xaar has announced that its FD, Alex Bevis, will be leaving to pursue other opportunities after almost 6 years with the group. A search is underway for his replacement and Alex will remain with Xaar until 24th March 2017. While Alex’s departure is disappointing, Xaar’s strategy remains on track, with new product launches expected to drive near term organic sales growth and a target of £220m sales by 2020. This reflects stronger leverage of Xaar’s innovative technology into a broader spread of end products and markets, with the £220m expected to be composed of broadly equal contributions from ceramics, packaging & product printing, Thin film/P4, and partnerships/M&A. Prospects for the group are exciting, with positive news flow on product launches and end markets anticipated over the year ahead.
FY17 expectations unchanged. Interim dividend maintained
25 Oct 16
Interims reflect tough markets which impacted Technical. Shipbroking delivered a resilient result and Logistics has performed well. The interim dividend has been held at 9.0p. The group anticipate an improvement in H2. The Board’s expectations for the year are unchanged based upon the strength of the order book due in H2, its ongoing market coverage and the benefits of action taken previously. We have retained our FY2017 PBT forecast of £8.7m and a maintained dividend. We reiterate our Buy and adjust our TP to 450p.
N+1 Singer - Morning Song 20-10-2016
20 Oct 16
A highly disappointing update from Senior reports a number of issues adding up to the Group being behind expectations. Following the Flexonics issues over the past 12 months, there are now issues on the Aerospace side which are affecting the outlook. In a period when some stability was required, this is disappointing. We have downgraded FY16 EPS by 6.8% and, whilst we see Senior remaining a US takeover target, we move from Buy to Hold (target price down from 262p to 196p) until more clarity is available on the direction of the Group.