Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on SHARE PLC. We currently have 7 research reports from 3 professional analysts.
|10Feb17 13:23||RNS||Director/PDMR Shareholding|
|13Jan17 12:25||RNS||Director/PDMR Shareholding|
|23Dec16 10:55||RNS||Director/PDMR Shareholding|
|19Dec16 15:55||RNS||Director/PDMR Shareholding|
|19Dec16 11:21||RNS||Realisation of Investment|
|09Dec16 14:27||RNS||Holding(s) in Company|
|09Dec16 12:45||RNS||Director/PDMR Shareholding|
Frequency of research reports
Research reports on
Trading in line and client account acquisition
27 Oct 16
Share indicated that Q3 trading was in line with expectations and it is continuing to implement its IT investment programme to deliver an improved customer experience and greater scalability to provide for future growth. On this front, assets under administration (AUA) have continued to increase organically and an acquisition of a book of accounts has been agreed. This and previously announced partnership agreements with Computershare and a wealth manager are set to begin contributing to revenues next year. Our estimates and valuation are unchanged.
AIM Journal - September 2016
13 Sep 16
This year’s AIM Awards shortlist has been published and the winner of the company of the year will be a new one in 2016. Last year, vet practices consolidator CVS took home the award. The 2016 shortlist consists of spirit mixers supplier Fevertree Drinks, software and consultancy services provider First Derivatives, document storage services provider Restore, and replacement windows supplier Safestyle UK. Safestyle and Fevertree have won the best newcomer award in the past two years and that can be an indication that they have a good chance of winning other awards that they are put up for. Fevertree is also on the shortlist of the new award for AIM growth business of the year and Charles Rolls and Tim Warrillow are in the running for entrepreneur of the year. Restore is on the shortlist for the best use of AIM award. The shortlist for the best investor communication award, which is sponsored by Northland Capital Partners, includes gemstone supplier Gemfields, university generated businesses funder and developer Imperial Innovations, animal feed, food distribution and fuel supply company NWF, and infrastructure services provider WYG. Imperial Innovations is the 2015 winner of this award and NWF was the winner in 2011. India-focused power generator OPG Power Ventures and construction equipment manufacturer Somero Enterprises Inc have both returned to the shortlist for the international company of the year. They are joined by Fyffes and Burford Capital.
13 Feb 17
Surface Transforms* (SCE): H1 results confirm operational progress (CORP) | Premaitha Health* (NIPT): European diagnostics partnership (CORP) | Lok'nStore* (LOK): Filling existing stores, developing new ones (CORP) | Victoria* (VCP): Entry into the European flooring market (CORP) | eg solutions* (EGS): Exceptional H2 performance (CORP)
Share & share alike
14 Feb 17
The rally in the last fortnight, highlighted in the table, reflects a continued flow of positive updates and economic news. The FTSE 250, Small cap and Fledgling indices have reached record highs. We are in the lull ahead of results for those companies with a December year end, a welter of economic data regarding the UK economy, the State of the Union address in the US on 28 February and the UK Budget on Wednesday 8 March. We will learn at that stage the latest forecasts from the Office of Budget Responsibility. As highlighted previously, the reaction to corporate updates will continue to set the tone.
Small Cap Breakfast
16 Feb 17
Saffron Energy—Schedule One update. Raising £2.5m, expected Mkt Cap £7.7m. Admission due 24 Feb. Italian Oil & Gas Play Guinness Oil & Gas Exploration—Publication of prospectus. Seeking to raise £50m and invest in 15 exploration companies at launch, with plans to grow the portfolio to 30 positions during its lifetime. Issue closing 23 Feb. Arix Bioscience — Intention to float on the main market from the global healthcare and life science Company supporting medical innovation. Raised £52m in Feb 16 with investors including Woodford Investment Management
Small caps best insulated from macro headwinds
15 Feb 17
The Diverse Income Trust (DIVI) invests in UK stocks from across the market cap spectrum that have strong prospects for sustainable dividend growth. This all-cap income generating strategy was developed by Gervais Williams and Martin Turner of Miton Asset Management. The c 145 stock portfolio provides a broad spread of investments and has a strong bias towards dividend-growing smaller companies. In terms of NAV total return, the trust has generated +125% over five years, ranking it second in its 23-strong peer group (the Association of Investment Companies’ UK Equity Income sector). Since launch, DIVI’s annual dividend has grown from 2.0p in FY12 to 2.8p in FY16 and it has built a substantial revenue reserve.
Small Cap Breakfast
15 Feb 17
Xafinity –Publication of prospectus. The pensions actuarial, consulting and administration business has conditionally raised £179.6m. At 139p. Due to join main market 16 Feb. Guinness Oil & Gas Exploration—Publication of prospectus. Seeking to raise £50m and invest in 15 exploration companies at launch, with plans to grow the portfolio to 30 positions during its lifetime. Issue closing 23 Feb. Arix Bioscience — Intention to float on the main market from the global healthcare and life science company supporting medical innovation. Raised £52m in Feb 16 with investors including Woodford Investment Management
A growth and value opportunity
14 Feb 17
Shares in TMT are some 20% off their year highs and trading at an 11% discount to the last reported NAV of $1.91/share as at 30 June 2016. News flow since then suggests continued positive performance of the portfolio, with the most significant reported value event being the recent revaluation of Pipedrive accretive to NAV per share by circa 14.7c. TMT invests in high growth private companies and as such valuation events are relatively infrequent for its investee companies. Anecdotal evidence from some of TMT’s portfolio suggests that there remains significant value to be unlocked from certain investments, that will not yet meet the criteria for being recognised in the portfolio valuation as at December 2016. We highlight the key news events both reported by TMT, and those relating to its portfolio companies that we have identified since the last audited NAV was published.