Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on HYDRO INTERNATIONAL PLC. We currently have 6 research reports from 1 professional analysts.
|15Aug16 13:12||RNS||Scheme Becomes Effective|
|11Aug16 16:16||RNS||Court sanction of scheme of arrangement|
|11Aug16 10:10||RNS||Form 8.5 (EPT/NON-RI)|
|11Aug16 07:30||RNS||Suspension - Hydro International plc|
|08Aug16 15:57||RNS||Result of Meeting|
|02Aug16 11:00||RNS||Form 8 (DD) - Hydro International plc|
|01Aug16 09:15||RNS||Additional Listing and Total Voting Rights|
Frequency of research reports
Research reports on
HYDRO INTERNATIONAL PLC
HYDRO INTERNATIONAL PLC
Strong Finals – Growth Strategy Delivering
01 Mar 16
Hydro International’s growth strategy is working. 2015 revenues grew 18% to £37.9m, gross profits increased 21% to £17.6m, adjusted operating profits grew 23% to £2.3m and adjusted PBT grew 29% to £2.4m. Adjusted EPS grew 39% to 10.29p, helped by a reduction in the tax rate. Year end net cash of £2.3m was unchanged despite the £1m spent on acquisitions and the dividend was increased by 6% from 3.6p to 3.8p.
Acquisition of M2R
24 Dec 15
Hydro has announced that it has acquired the intellectual property and technology assets of M2 Renewables (M2R) from Sail Capital Partners, for an initial payment of $1m in cash, plus additional deferred consideration of 10% of sales incorporating the acquired intellectual property across the first five years. This additional consideration is capped at $10.0 million. The acquisition will be funded from existing cash and debt facilities.
Interims – Investment strategy delivering
08 Sep 15
In the last few years Hydro has made very significant revenue investments, to broaden the product range, expand its geographical reach, enter adjacent market segments and increase service revenues. Interim results showed good progress with this strategy, with revenues up 32% to £17.4m and adjusted profits up nine fold to £0.80m, ahead of our expectations.
Growth strategy delivering
03 Mar 15
Given the profit headwinds from FX, the lower revenues on the Thames contracts and the significant investment in growth initiatives, we think the 19% increase in PBT in 2014 is highly creditable and confirms that the company’s strategy is delivering. Hydro has a wealth of growth opportunities and is continuing to invest heavily to realise these, which will create a larger business that is more diversified and more profitable. Given the good prospects and low valuation, the shares are very attractive and we move our recommendation from Add to Buy.
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.
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.
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.
15 Feb 17
At the current market capitalisation of £29m, we believe the shares are significantly undervalued. We estimate that the highly profitable Maritime business is alone worth at least £40m. With net cash of £9m at end-2016, this implies that the market is currently ascribing a combined negative value of £17m to the rest of the group, which together account for c.54% of group revenues. This is very harsh given the management actions to transform TP Group to a profit-driven Tier 2 specialist services and engineering company are bearing fruits across the divisions. TPG Managed Solutions is expected to more than double its profits in 2017, while TPG Engineering and Design & Technology are on course to deliver sustainable profits from 2019. Even if we ascribe zero value to Engineering, Design & Technology and Managed Solutions, the shares are worth 9.5p a share, a 38% upside from the current share price. BUY.
Taking the bull by the horns
15 Feb 17
Avon Rubber announced this morning that CEO Rob Rennie has left and been replaced with Paul McDonald, formerly managing director of Avon’s Dairy division. This news comes as a surprise and is likely to raise some questions over the CEO and CFO transition, with the CEO only being in post for just over a year. However, the group has appointed an executive already known to many who have followed the business, and as such should be seen as a good appointment with a track record of decisiveness and getting things done.