Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on BCA MARKETPLACE PLC. We currently have 37 research reports from 2 professional analysts.
|18Apr17 11:52||RNS||Holding(s) in Company|
|06Apr17 16:02||RNS||Holding(s) in Company|
|23Feb17 12:41||RNS||Director/PDMR Shareholding|
|23Feb17 12:35||RNS||Director/PDMR Shareholding|
|23Feb17 09:16||RNS||Holding(s) in Company|
|20Feb17 17:23||RNS||Replacement - Director/PDMR Shareholding|
|20Feb17 11:31||RNS||Director/PDMR Shareholding|
Frequency of research reports
Research reports on
BCA MARKETPLACE PLC
BCA MARKETPLACE PLC
N+1 Singer - T2 Trend spotting - Strategy update
31 Mar 17
In our second edition of “Trend spotting” we note how in the last three weeks the defensive rotation trend has gathered pace and further evidence has emerged of the “relative fading” in the UK economy. However we now see early signs of the “risk on” trend starting to reassert itself in equity markets and we look at small cap laggards plus European exposure as ways to play this.
N+1 Singer - Morning Song 31-03-2017
31 Mar 17
Cathay International Holdings Limited (CTI LN) FY results: Solid trading at Lansen; negative impact from FX and Haizi | CVS Group (CVSG LN) Excellent interims. Reappraising mid-term earnings potential | Dechra Pharmaceuticals (DPH LN) IP licensing agreement and minority investment | eg solutions (EGS LN) Significant contract win | Entertainment One Ltd (ETO LN) Trading update for YE Mar’17 | Harwood Wealth (HW LN) £10m new equity to maintain impressive pace | iomart Group (IOM LN) Year end trading update | Mobile Streams (MOS LN) The start…| Oxford Pharmascience Group (OXP LN) FDA feedback: clinical outcomes data required for GI safety claim | Speedy Hire (SDY LN) In line trading update | T2 Trend spotting Strategy update | Imperial Innovations Group (IVO LN) H1 results: solid portfolio progress and net fair value gain
SMMT 2016 data
05 Jan 17
The SMMT (Society of Motor Manufacturers and Traders) has released data this morning confirming a record new car market of 2.69m registrations and +2.3% YOY. This is the fifth year in a row of growing new car registrations. Headline December registrations were -1.1% with private registrations -5.5% completing a third quarter in succession of negative growth in this segment. Fleet continues to drive the growth in this market and was +4.8% YOY representing 51.3% of registrations vs. 50.0% last year. The key question is what will happen in 2017 post Brexit with uncertainty levels still high. We maintain our cautious stance and downgraded our EPS forecasts by 8-15% across the sector in November accordingly. That said, we believe the earnings risk has been accounted for in trough valuation multiples based on cautious forecast assumptions (we assume a 10% drop in new car registrations vs. the SMMT at -5%). We continue to favor stocks with flexible balance sheets at this stage of the cycle, and believe stocks such as Vertu and Cambria remain significantly underpinned by their growing property portfolios.
N+1 Singer - BCA Marketplace - Strategic enhancements drive strong momentum
30 Nov 16
Today’s interims confirm BCA is both operating in markets where there is a structural growth opportunity, and delivering significant strategic enhancements to drive profitable expansion. Results are 5% ahead of expectations with beats coming from Europe (FX, ongoing) and Services (integration benefits, and cost pressures addressed, ongoing). Rising penetration of existing and newer services (e.g. buyer finance) is driving profit per unit metrics. Alongside plans to drive further efficiencies on top of the natural operational gearing, the outlook for BCA is positive and visibility is good. Rippling the H1 beat through to FY forecasts results in a 3% EPS upgrade with risk still potentially to the upside as the strategic enhancements continue to drive momentum across its UK and European markets. Buy.
From dock to beyond
30 Nov 16
BCA has delivered a strong set of results that are 5% ahead of our forecast at the adjusted EPS level. Strong growth has been made across all four divisions leading to an impressive +31% increase in adjusted EBITDA. Our EPS assumptions remain unchanged, and we are comfortable at the top end of the consensus range. We continue to believe BCA remains well positioned as an attractive structural growth play and is underpinned by a solid and progressive dividend yield.
The tide is turning
20 Apr 17
Any investor worth their salt knows it is impossible to precisely call a bottom in a particular stock. For Gattaca, though, we believe this moment has now passed given the compelling valuation (6.9x EV/EBIT vs 9.8x sector average), attractive 9.8% unlevered cashflow yield and constructive secular trends supporting its specialist markets. Sure, Net Fee Income (NFI) like-for-likes (LFL) have fallen of late, yet equally there are now early indications that organic growth may soon turn positive.
19 Apr 17
We take a look at the supply and demand dynamics of the world’s largest diamonds. Less than 200 very large (>200 carat) gem quality diamonds have ever been found, yet 23 of these have been found in the past three years. This dramatic increase is being driven by a combination of the rapid increase in the number of billionaires and hence price and demand, combined with technological developments that have improved large diamond recovery and a certain amount of geological good luck.
19 Apr 17
Lombard Risk Management* (LRM): Beats demanding growth and profit forecasts (CORP) | Frontier Developments* (FDEV): Steaming ahead (CORP) | Tax Systems* (TAX): Right place, right time (CORP) | Acal (ACL): Stronger H2 and brighter outlook (BUY) | Fenner (FENR): Interim results signal upgrades (BUY) | Minds + Machines* (MMX): US and Europe domain sales (CORP)
Small Cap Breakfast
19 Apr 17
Global Ports Holding—Intention to float on Standard List. International cruise ports operator. Seeking $250m raise including $75m primary offer. Dorcaster—Schedule One Update. Admission now expected 3 May. RTO of Escape Hunt raising £14m at 135p Verditek— Intention to float on AIM. On Admission, the Company's subsidiaries will be involved in advanced solar photovoltaic, filtration and absorption technologies specialising in providing environmental services. Raising £3.5m. Admission in May. Eddie Stobart Logistics— Schedule 1. Admission expected 25 April but capital raising details TBC. ADES International Holding— Intends to join the Standard List in May raising up to $170m plus a vendor sale. Provider of offshore and onshore oil and gas drilling and production services in the Middle East and Africa. Admission expected in May. Tufton Oceanic Assets– Offer extended to 9 May to enable investors to complete further due diligence.