Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on JOHN LAING GROUP PLC. We currently have 6 research reports from 2 professional analysts.
|17Mar17 11:17||RNS||Director/PDMR Shareholding|
|17Mar17 09:23||RNS||Holding(s) in Company|
|16Mar17 08:51||RNS||Director/PDMR Shareholding|
|09Mar17 07:00||RNS||Additional Listing|
|07Mar17 15:20||RNS||2016 FINAL DIVIDEND DATES|
|07Mar17 07:00||RNS||Full Year Results|
|11Jan17 07:00||RNS||John Laing Group Update on A1 project in Poland|
Frequency of research reports
Research reports on
JOHN LAING GROUP PLC
JOHN LAING GROUP PLC
Another year of growth
08 Mar 17
John Laing Group (JLG) extended its track record of growth with increases in NAV and DPS in FY16. The outlook for infrastructure investment remains strong and JLG is well on track to meet its target of c £200m of realisations in FY17. Despite share price appreciation over the last year, we believe the valuation remains modest for a company with strong growth prospects.
Strong investment disposals performance
12 Dec 16
John Laing Group’s (JLG) pre-close trading update confirms that the market for both infrastructure investment and project realisations remains strong. We continue to forecast 13% NAV growth in FY16, to 275p, and expect that over time the valuation gap with other infrastructure investment companies will close.
Track record of growth
31 Aug 16
John Laing (JLG), listed in February 2015, has a diversified portfolio of investments, by sector and geography, and with an even split of operational projects and assets under construction. We believe that JLG is well placed to capitalise on the future demand for infrastructure and renewable investment and we forecast a total return (NAV and DPS growth) of c 17% (2015-20). This growth should lead to a reduction in JLG’s valuation discount.
26 Aug 16
The wait is almost over. Fed Chair, Janet Yellen, is due to speak at 15:00BST today at the annual Jackson Hole Symposium in Wyoming. Titled ‘The Federal Reserve’s Monetary Policy Toolkit’, every comma, intimation or exclamation within her speech will undoubtedly be scrutinised and giant funds potentially quickly re-directed on any conclusions drawn. Ahead of this Kansas City Fed President, Ester George, a noted sceptic of the central bank’s easy money policy, detailed her own proposal in yesterday’s Wall Street Journal, calling for short-term rates to rise to around 3% over the next couple of years for fear of otherwise creating significant imbalances in the financial system. Yellen, of course, has heard all the arguments before and balancing risks/rewards is likely to end up taking a narrow line between her many advisors, by suggesting the US remains well positioned for continued gradual recovery, employment trends remain good and inflation should slowly pick up; all this would keep the door ajar for at least one rate rise before year end but in investor’s eye not be enough to label the whole event anything but an anti-climax. US markets, perhaps anticipating this and in the absence of significant other macro or corporate news, yesterday had the third-lightest trading session so far this year with all principal equity indices closing fractionally down. Some large long-US$ positions built up since the Fed’s Stanley Fischer hawkish statements of a week or so ago were marginally wound down, leaving the currency slightly weaker, most particularly versus the Yen, during Asian trading. The Nikkei accordingly became the region’s largest casualty in an otherwise modestly mixed session, with the Chinese equity markets gaining while the commodity-heavy ASX gave back some of the previous day’s gains. Against this background, traders should be prepared for the London session to open very quietly this morning, with the FTSE-100 seen drifting less than 5 points either side of unchanged in early trading. Revised Q2’16 UK GDP data is due for release this morning, but unlikely to set off any fireworks. The corporate calendar is also quiet, with just a few earnings numbers anticipated from the likes of Antrim Energy (AEY.L), Avocet Mining (AVM.L), Computacentre (CCC.L), Lavendon Group (LVD.L), Marshalls (MSLH.L) and Restaurant Group (RTN.L)."
01 Jul 16
"Sterling remains under pressure following suggestions of a summer easing by Mark Carney, the Governor of the Bank of England, during his speech yesterday afternoon. It touched a 30-month low against the Euro, while US dollar rates have only bounced modestly from the 31-year bottom reached on Monday. This, of course, is providing more power to the FTSE-100 blue-chips, who generate over 70% of their earnings overseas, that will see significant translational and activity benefits as a result. The FTSE-100, which closed yesterday 3% above its pre-Brexit level, is expected to gain a further 59 points on this morning's the opening. Europe's principal indices are also seen moving ahead, despite the S&P downgrading the European Union by one notch to AA overnight, principally due to knock-on effects of the UK vote. US indices remained buoyant following London's close, as the Fed's James Bullard reflected on how markets had coped well with the Brexit shock, concluding that it is unlikely to seriously derail either the US or the global economy. Asian equities were similarly higher during early morning trade on Friday, with both the Nikkei and Shanghai composite index rising despite Japanese consumer prices for May falling again and China's official manufacturing PMI for June reportedly dipping to a 4-month low. Macro releases due this morning include Manufacturing PMI surveys from the UK, Germany and Eurozone. Later, a speech from the Fed's Loretta Mester is also expected. No major UK corporate results are expected, although Trinity Mirror is scheduled to provide a trading statement." - Barry Gibb, Research Analyst
28 Mar 17
ClearStar* (CLSU): Building a background for growth (CORP) | Sound Energy (SOU): TE-8 results (HOLD) | LiDCO* (LID): 2017 should be a transformative year (CORP) | Proteome Sciences* (PRM): FY 2016 in line. Moving towards breakeven (CORP) | Fulcrum (FCRM): Significant market potential, rising margins and a strong balance sheet (BUY) | Mortgage Advice Bureau (MAB1): Strong and growing intellectual property (BUY) | 7digital* (7DIG): Open offer result (CORP)
Small Cap Breakfast
28 Mar 17
Path Investments—Publication of prospectus from the Energy Investment Company. Raising £1.4m. Admission due on or around 30 March | Franchise Brands—Schedule 1 detailing £28m reverse takeover of Metro Rod. Admission expected 11 April | Alpha FX Group— Schedule 1 from the foreign exchange provider focused on managing exchange rate risk for UK corporates that trade internationally. Fundraise TBC. Admission expected 7 April. | K3 | Capital Group—Schedule 1 from the Group of business and company sales specialists across business transfer, business brokerage and corporate finance. Admission date and fundraise details TBC. | Integumen— Schedule 1 from the personal health company developing and commercialising technology and products for the human integumentary system. Raising £2.16m at 5p. Expected market cap £8.16m. Admission expected 5 April. Tufton | Oceanic Assets– Offer extended to 9 May to enable investors to complete further due diligence.