Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on ZOOPLA PROPERTY GROUP PLC. We currently have 13 research reports from 2 professional analysts.
|30Nov16 07:00||RNS||Full Year Results|
|29Nov16 04:53||RNS||Directorate Change|
|08Nov16 03:55||RNS||Director/PDMR Shareholding|
|10Oct16 04:36||RNS||Director/PDMR Shareholding|
|04Oct16 04:22||RNS||PDMR Transaction in Shares|
|20Sep16 03:15||RNS||Director/PDMR Shareholding|
|19Sep16 05:44||RNS||Holding(s) in Company|
Frequency of research reports
Research reports on
ZOOPLA PROPERTY GROUP PLC
ZOOPLA PROPERTY GROUP PLC
01 Dec 16
"Global oil prices continued to rise during Asian trade early Thursday morning. Having gained 9% on the New York Mercantile Exchange during the US session, light, sweet crude for January delivery was priced at US$49.50/bbl, while Brent traded in London's futures exchange at US$51.90 for the following month. Having come to an agreement to cut production for the first time since the financial crisis to 32.5m barrels a day, in which Saudi takes a big hit and Russia participates for the first time since 2001, enforcement remains the key issue. OPEC has no authority to force compliance of its members which, given their past records of cheating, raises concern; it will, however, hold talks with non-member producers on 9th December in order to discuss the issue of policing amongst other issues. Meanwhile, this spike in crude prices will likely already be prompting US shale operators to take advantage by pulling spigots out of their presently dormant capacity, suggesting the overnight gains will be tricky to sustain. US equities ended mixed on the news, with the Dow closing the highly eventful month with a fractional gain driven by its oil majors, while the S&P-500 and NASDAQ fell deeper into the red, as the US$ hit a 9-month high against the Yen and some traders fretted over the loss of international competitivity now being faced. Asian equities, by comparison, were strong across the board, with the Nikkei riding high on the OPEC news and weakening currency, before giving back half of its gains by market close. Chinese equities were also firm, helped additionally by the release of official manufacturing PMI data showing November rising to 51.7, up from 51.2 in the previous month and beating consensus expectation. Amongst all this the loser, of course, has been the US government bond, which capped its worst month in seven years, taking a further post-election hit yesterday as investors continue to speculate on the ending of the long-run bull market in Treasuries. European traders meanwhile are keeping a nervous eye on the Euro as polls for Sunday's constitutional referendum in Italy continue to predict a narrow victory for the 'No' vote while, in the UK they will be awaiting today's Manufacturing PMI release and the Nationwide House Price Index figures. UK corporates due to provide earnings or trading updates include APC Technology (APC.L), Clipper Logistics (CLG.L), Daily Mail & General (DMGT.L), Market Tech Holdings (MKT.L) and PHSC (PHSC.L). Index funds will also be balancing their holdings in Travis Perkins (TPK.L) and Polymetal (POLY.L) which were squeezed out of the FTSE-100 in yesterday's index reshuffle. London equities are seen opening slightly weaker, with the FTSE-100 seen down around 10 points in early trade." - Barry Gibb, Research Analyst
09 Sep 16
"Overnight markets ended mostly weaker in relatively quiet trading. The principal drivers were yesterday's decision by the ECB to leave its €1.7 trillion stimulus package unchanged and a continuing sell off of technology stocks, following Apple's launch of its rather less than inspiring iPhone 7 and Hewlett Packard Enterprise's plan to spin off and merge most of its software operations with the UK's Micro Focus international (MCRO.L). As a result, the NASDAQ took the biggest hit amongst the main US equity indices, while elsewhere energy stocks took confidence from the largest one-day gain in the benchmark Nymex contract for almost six months after the US Energy Information Administration data revealed the steepest fall in crude stockpiles since 1999. Interesting also, the Fed Funds futures appear to finally be forming a consensus regarding rate expectations, with bets now indicating the chance of a September rise has fallen to just 24%, while expectation of one in December is now put at 60%. The Hang Seng was the only winner amongst Asia's major equity markets, celebrating news that the Chinese regulator had finally confirmed it will allow domestic insurers to invest in Hong Kong-quoted shares through a trading link with Shanghai. This further opening follows last month's go-ahead for the Shenzhen-Hong Kong Stock Connect, which is due to open by the end of this year and create a second portal for foreign investors looking to access China's US$6.5tn equity market. This news was tempered on the Composite index, however, as CPI data released for August showed prices slowing for the fourth month in a row and remaining firmly below Government target. The UK this morning is expected to provide Trade Construction figures, while EU finance ministers will meet in Bratislava to discuss, amongst other things, the ECB's continuing policy inaction. The Fed's Eric Rosengren is scheduled to make a speech this afternoon which could further help traders firm expectations regarding the FOMC meeting now due in less than two weeks. Corporates due to release earning figures this morning include Comptoir Group (COM.L), Richoux Group (RIC.L) and JD Weatherspoon (JDW.L). Investors will also remain sensitive to further disclosures regarding North Korea's reported fifth nuclear test this morning and the planned meeting between Saudi, Algerian oil ministers and OPEC's general secretary. The FTSE-100 is seen modestly weaker, losing perhaps 10 points in opening trade." - Barry Gibb, Research Analyst
14 Jul 16
Post-Brexit we have moved Zoopla from Buy to Sell, and now add it to our Conviction List. The shares have already been rocked by the Brexit vote, but we think they have further to fall. Its estate agent customers, already under pressure from slowing transaction volumes and new online competitors, now face a prolonged period of market uncertainty and lower volumes. OnTheMarket’s continuing presence constrains Zoopla’s ability to respond to a downturn. uSwitch offers some offset, but is likely to be flat in the near term. Our estimates are 15-25% below consensus, reflecting our expectation of significant consolidation in the UK estate agency sector post-Brexit.
Panmure Morning Note 12-07-2016
12 Jul 16
Our Conviction List returned -3.2% over the last 12 months; this was set against the DS Small Companies index that returned -15.5% over the same period. Since its inception in 2010, the Conviction List has outperformed the market in 13 of 17 periods and a reinvested Conviction List would have returned 235% since its inception against a reinvested DS Small Companies index that would have returned just 22%. Our Q3 portfolio reflects our outlook for a slowdown in UK growth during the second half of 2016. Downside risks to domestic growth stem from the uncertainty of the EU Referendum result, but cyclical growth was already slowing as a rebound in energy costs and ongoing austerity was set to weigh on growth. A bright spot for equities is the increasingly dovish Federal Reserve, now expected to leave US rates unchanged throughout 2016. The relentless drive lower in corporate and non-corporate fixed income yields continues to provide a valuation underpin for global equities.
Conviction List Q3 2016
11 Jul 16
Our Conviction List returned -3.2% over the last 12 months; this was set against the DS Small Companies index that returned -15.5% over the same period. Since its inception in 2010, the Conviction List has outperformed the market in 13 of 17 periods and a reinvested Conviction List would have returned 235% since its inception against a reinvested DS Small Companies index that would have returned just 22%.
06 Dec 16
600 Group* (SIXH): Interim results: order book showing signs of improvement (CORP) | Real Good Food* (RGD): Commodity volatility impacts numbers (CORP) | Minds + Machines* (MMX): .vip goes live in China (CORP | Imaginatik* (IMTK): Interims (CORP) | iomart* (IOM): Quality business as usual (CORP) | Fulcrum (FCRM): Upgrades continue (BUY)
Joy of Techs
21 Nov 16
ICT evolution is driven by technological development as advances are made which both meet and shape customer requirements. Our 2011 note No such thing as a telco described the modern reality in that former ‘telcos’ now deliver varying elements of a range of managed services. We built on this theme last year, exploring in further detail their evolutionary paths, operating fundamentals, and cashflow yield similarities. In the consumer environment, demand for bundles of technology is complemented by demand for content. Across the pond, the mooted combination of AT&T and Time Warner typifies the bundled need of ‘pipe’ and content, since unbundled alternatives such as FaceTime and WhatsApp can be easier and clearer to chat over, and Amazon and Netflix are easier to watch anywhere. In the UK, BT’s defensive actions cover delivery, content and capabilities, acquiring EE yet also buying football rights. While TV was long ago added to triple play to become quad play, voice is now merely an app, and fixed and mobile seen as just dumb pipes: it's the content that will influence consumer choices. Growth of TV and film as well as music and gaming over IP leads to UK small cap opportunities. In context of the drive to maximise value from pipes and access by offering content and data, we look at some amongst the potential tech small cap beneficiaries: Amino*, Keyword Studios, ZOO Digital*, 7digital*, KCOM* and CityFibre*.
Response to Government consultation
02 Dec 16
In the 2015 Autumn Statement, the Government stated the intention to remove the right to general damages for minor soft tissue injury claims with compensation for injuries such as whiplash now being made in medical care rather than cash. In addition, the Government proposed to raise the small claims limit for personal injury cases from £1,000 to £5,000.
28 Sep 16
Cello has an overlooked and potentially significantly undervalued asset that is now out of development phase. Cello Pulsar is a social media analytics tool that has significant points of difference to the competition. In the right hands, social media data can inform, direct and optimise marketing campaigns but to date its usage has been constrained by early-stage science and customer unfamiliarity. Competitors in this area have individually raised nearly half of Cello's market cap, emphasising Pulsar’s potential to add very material value to the share price. We initiate at Buy.
N+1 Singer - Morning Song 29-11-2016
29 Nov 16
Vp has reported another impressive set of interims, confirming strong growth in most markets and a positive outlook. Recent acquisitions are bedding in well and the full year outturn is set to exceed previous expectations (5%/6% EPS upgrades in FY17/FY18). The recent Capital Markets Day provided a reminder of Vp’s qualities (specialist focus, high returns, strong cash generation) and its growth potential, which in our view are not reflected in a modest <11x P/E rating. We firmly believe the shares are due a re-rating and see intrinsic value in excess of 800p.
02 Dec 16
"By late Sunday, we should have a good idea whether or not Italian Prime Minister, Matteo Renzi, will be stepping down. The polls suggest his constitutional referendum, which has effectively become a confidence vote on his premiership, will get a 'thumbs down'. No new election is actually required until February 2018, but any attempt to simply replace him with another technocrat leader could well see a public, suffering from implosion of their bad-debt laden banking system, 38% youth unemployment and an inability to stifle giant capital outflows, clamouring for a snap election. This, of course, would open the door for Bepe Grillo's Five Star Movement, whose denouncement of the Euro could, in turn, generate in a wave of similar populist referendum voting across other dissatisfied EU nations, with France's own presidential election, due to take place on 7th May, the headline this morning following Francois Hollande's overnight declaration that he has decided not to stand. The prospect of Eurozone's collapse, however, was not the driver of the US session, which started in the positive following release of strong November Manufacturing ISM data, but waned later as a sell-off amongst tech issues pushed the NASDAQ sharply down, while the Dow Jones managed to hold onto modest gains due to sustained switching into financials, as divergence between the two sectors and the rout in government bond markets since Trump's election continued. Asian shares were lower across the board, with the Nikkei suffering as the Yen found buyers amongst US$ sceptics waiting for flaws in the Trump rally to show through, which dragged the other regional markets with it. With investors now virtually taking a 25bp hike by the Fed later this month for granted, focus this afternoon is likely to centre on the important US employment report, with forecasts in the 180k to 200k range, taking unemployment to 4.8% with a modest rise in hourly earnings of around 0.1%. The UK will also report Construction PMI figures this morning while corporates due to disclose earnings or trading updates include 88 Energy (88E.L), Altona Energy (ANR.L) and Berkeley Group Holdings (BKG.L). Traders meanwhile continue to watch oil futures carefully; although prices moderated during the Asian session, sentiment following OPEC's agreement remains positive with January's light, sweet crude trading a whisker below US$51 on the Mercantile Exchange, as they weigh up expectations on the terms being upheld or the various participants instead deciding to cheat on quotas rather than give up market share to US shale producers. London equities opened in a nervous mood this morning, with the FTSE-100 down over 57 points in early trading." - Barry Gibb, Research Analyst