Research, Charts & Company Announcements
Research Tree offers GB GROUP PLC research coverage from 5 professional analysts, and we have 21 reports on our platform.
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|20/10/2016 07:00:09||London Stock Exchange||Pre-close Trading Update and Notice of Results|
|13/10/2016 07:00:08||London Stock Exchange||Appointment of New CEO|
|04/10/2016 17:05:02||London Stock Exchange||Holding(s) in Company|
|30/09/2016 11:41:30||London Stock Exchange||TOTAL VOTING RIGHTS AND SHARE CAPITAL|
|26/09/2016 18:00:10||London Stock Exchange||Director/PDMR Shareholding|
|22/09/2016 09:50:17||London Stock Exchange||Holding(s) in Company|
|09/09/2016 16:10:02||London Stock Exchange||Notification of Director's Interests|
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N+1 Singer - IQE - Site visit confirms large growth opportunity
19 Oct 16
We visited IQE in Cardiff yesterday. The visit focused on the fast growing Photonics division as well as potential applications for the recently acquired cREO technology. We have come away further convinced of the large and diverse, near term opportunity for IP rich Photonics wafers, and believe IQE is uniquely placed to service this market. The group is also exposed to multiple potentially game-changing medium term opportunities, which the cREO technology will help address. We expect the higher value Photonics division to continue its rapid growth (+45% growth y-o-y reported in H1’16), underpinning our positive stance and Buy recommendation.
N+1 Singer - NCC Group - Strong revenue but margins weaker in H1
20 Oct 16
NCC’s trading update for the four months to September shows continued strong revenue growth, but margin pressures in the first half mean that profit for the year will be more second half weighted than usual. Group revenue increased 36% in the period (+21% organic) with Assurance and Escrow both growing well (+25% and +4% respectively). The Assurance division has seen three unrelated large contract cancellations however, as well as some difficulties with some managed services renewals. We are not making any changes to our forecasts at this stage but now expect a significant second half weighting to profits. We remain supportive of the story but with the shares priced for perfection, we downgrade to Hold, with a target price of 353p (from 384p).
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.
Upgrade on lower costs, pipeline strong
24 Oct 16
Fusionex’s year-end trading update indicates that revenues will be in line with market expectations (we estimate 16% revenue growth in FY16) and that a strong pipeline for GIANT 2016 should drive further momentum in FY17. The planned increase in sales, marketing and other investment to support adoption of GIANT has been more moderate than we forecast, meaning that EBITDA is expected to be significantly above consensus. We upgrade our FY16 EBITDA by MYR3.2m (83% but from a compressed level) to reflect this, while leaving our estimates for FY17 and FY18 unchanged.
N+1 Singer - Morning Song 19-10-2016
19 Oct 16
Sanderson has released a full year trading update indicating that revenue is slightly ahead (we estimate 5%) of expectations, and profits are in line with expectations. Revenue growth of 10%, strong order intake (+20% to £12.0m), a reassuring order book (£3.0m) and positive trading momentum within both Digital Retail and Enterprise gives us confidence in the outlook for the current year. We increase our headline revenue estimates to reflect the strength of the full year outturn, but leave our profit and earnings estimates unchanged on slightly lower margin expectations. We continue to believe that Sanderson offers the highly attractive combination of accelerating growth potential, healthy cash generation and growing dividends at an inexpensive valuation (FY 2016 EV/EBITDA of 8.0x).