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European Real Estate Investment Trust Limited Part Pref Shs Npv

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Research Tree provides access to ongoing research coverage, media content and regulatory news on European Real Estate Investment Trust Limited Part Pref Shs Npv. We currently have 0 research reports from 0 professional analysts.

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  • 52 Week: 143/190p
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Latest News/RNS

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Date Source Announcement
29Sep17 07:00 RNS Directorate Changes
31Aug17 07:00 RNS Total Voting Rights
25Aug17 07:00 RNS Total Voting Rights
23Aug17 10:00 RNS Half-year Report
07Aug17 07:00 RNS Return of capital and cancellation of listing
31Jul17 07:00 RNS Total Voting Rights
24Jul17 08:34 RNS Total Voting Rights and Capital
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    European Real Estate Investment Trust Limited Part Pref Shs Npv

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    European Real Estate Investment Trust Limited Part Pref Shs Npv

  • 21 Oct 20
Cenkos Securities - Strong activity and lean cost base

Cenkos’s first half results demonstrated the benefits of its flexible operating model and strength of its client relationships. While challenges related to COVID-19 are set to continue, Cenkos’s focus is on growth companies and its fund-raising year-to-date has had a greater emphasis on corporates financing M&A and growth opportunities rather than for defensive purposes. This should prove more sustainable although, as always, the timing of transactions in the encouraging pipeline reported remains uncertain.

Companies: Cenkos Securities plc
  • 19 Oct 20
Cenkos: Record Plc -- Termination of coverage

Cenkos Securities plc has terminated coverage of Record Plc. Our previous recommendation (BUY) and forecasts can no longer be relied upon. Please contact Cenkos for further information.

Companies: Record plc
  • 21 Oct 20
Primary Health Properties: Attractive rewards at very low risk

Primary Health Properties (LON:PHP) is a real estate investment trust (REIT) that holds a portfolio of 510 primary health facilities in the UK (92% of the portfolio by value) and Ireland (8%). The business model is to manage the properties for rental income and to grow the portfolio over time. The

Companies: PHP PP51 PHPRF

  • 16 Oct 20
Randall & Quilter Interim Update - Progress & Further Opportunities

Following on quickly from its impressive full year results, these interim results confirm that our confidence for growth in the Program Management business was not misplaced.Contracted Premium increased 95% YoY (and 12% ahead of December 2019) to $925m –a stone's throw away from the $1bn 2020 guidance set in 2018. At the same time, Gross Written Premium (GWP) grew 42.6% to £247.2m, resulting in Economic EBITDA turning positive, at £0.8m compared to a loss of £0.3m in 1H19

Companies: Randall & Quilter Investment Holdings Ltd.
  • 21 Oct 20
Record - AUME growth prompts estimate increases

Record’s Q221 trading update confirmed that its new $8bn dynamic hedging mandate has started and that, prior to this, assets under management equivalent (AUME) expanded by 4% in the quarter. The group continues to work on developing new products and is deploying technology to enhance its ability to deliver these and existing products cost effectively.

Companies: Record plc
  • 20 Oct 20
Tatton Asset Management (TAM LN) - Update reveals profitable growth

What’s new: Today’s trading update reveals 17% rise in assets under management (AuM), double digit revenue growth, and an increasing operating margin as the business scales. The outlook is positive. Highlights are:  12.6% rise in 1H Group Revenues to £11.0m (1H last year: £9.7m);  21.9% rise in 1H adj operating profit to £5.0m (1H last year: £4.1m);  17.4% rise over 6 months in AUM to £7.8bn on 30 September 2020, n.b. From 31 March 2020 the WMA balanced index rose 11.6% to 4510; ­ - Market movements added 12.5% to AUM (i.e. Tatton outperformed WMA); ­ - 1H net inflows of £328.1bn were 4.9% of opening AUM (i.e. c 10% annualised net inflows);  3.0% rise in Paradigm Mortgage Services member firms to 1,591  2.5% rise in Paradigm Consulting member firms  Interims will be announced on Wednesday, 18 November 2020

Companies: Tatton Asset Management Plc
  • 15 Oct 20
TVG vaccine collaboration with ECO and Pirbright

The Vaccine Group (TVG) has agreed a collaboration with the world-leading Pirbright Institute to develop a vaccine to combat type-1 PRRSV disease, as part of an 18-month development project funded by ECO Animal Health (EAH-LON). PRRSV is a viral disease causing reproductive failure and often fatal respiratory disease in pigs. PRRSV is one of the most economically significant disease affecting swine production, costing pig producers over >$600m in the US and >€1.5bn in Europe each year. Investing (particularly in vaccines) and seeking to in-license new products are a key part of ECO Animal Health’s growth strategy; as such, positive results from this project could facilitate additional research projects and/or potentially licensing agreements with ECO Animal Health. This early industry endorsement for TVG’s herpesvirus vector vaccine technology is encouraging, and data from the project also has relevance to the ongoing development of a SARS-CoV-2 animal vaccine and other vaccines at TVG. Other TVG projects in African Swine Fever and Bovine Tuberculosis are ready to enter animal trials once testing facilities become available (pandemic dependent). Frontier IP currently has an 17% equity stake in TVG. We are encouraged by TVG’s progress in line with Frontier IP’s development strategy, but anticipate the news today to have no material impact on Frontier IP at this juncture. The next anticipated catalyst for Frontier IP will be FY’20 results expected in the coming weeks.

Companies: Frontier IP Group Plc
  • 14 Oct 20
Mercia Asset Management - Life sciences helping the COVID-19 fight

Life sciences is one of Mercia’s areas of focus and investment expertise. Seven of Mercia’s top 20 holdings at 31 March 2020 were in life sciences, valued at £29m in aggregate or 33% of total portfolio value (all of which had originated through Mercia’s third-party managed funds), with another c 40 earlier-stage life sciences investments across its third-party managed funds. COVID-19 has accelerated the opportunity for a new generation of novel and recombinant vaccines. This explosion of potential new treatments will require new diagnostics and bio-manufacturing support to scale supply once they are approved. These are areas where Mercia is already invested.

Companies: Mercia Asset Management PLC
  • 15 Oct 20
Baillie Gifford China Growth Trust - China – we are only at the beginning

The handover of Witan Pacific (WPC) to Baillie Gifford (BG) on 16 September 2020, following the board’s decision and favourable shareholders’ vote, marks the trust’s transition to the new asset manager. BG won the mandate with its proposal to transform the Asia Pacific growth and income trust into a pure China equity growth strategy. The manager considers that ‘still misunderstood and underinvested’ China (a c 2.5% allocation in 2019 global portfolios) is the key global growth market of the 21st century, and that global investors who miss out on the present China opportunity run the major risk of being left behind.

Companies: Witan Pacific Investment Trust
  • 21 Oct 20
H1 in line, net inflows sustained despite backdrop

Tatton has reported an in-line H1 financial performance: revenue totalled £11.0m (vs N+1Se £10.9m) and £5.0m adj. EBIT (50% N+1S FY21e). AuM grew by 3.4% to £7.8bn as net inflows continued throughout H1 (+£328m) – a positive performance given the backdrop. Paradigm, particularly in Mortgages, has been resilient post-lockdown. Having delivered 50% of our earnings forecast for FY21e, there is potential for upside. However, we leave our forecasts unchanged and a margin for safety as we remain alive to potential external risks/volatility.

Companies: Tatton Asset Management Plc
  • 23 Sep 20
Cenkos: Equals Group Plc -- Revenue growth through the headwinds

To achieve YoY revenue growth over H1/20A despite the challenges of Covid-19 and its impact on the travel sector is testament to Equals' resilience and increasing focus on B2B and International payments services. While weaker gross profit and EBITDA margins have impacted profitability in H1/20, we see potential for an earnings recovery in H2/20 given cost reduction measures currently being undertaken. This should lead Equals to cash breakeven in Q4/20 and FCF positive by early FY21.

Companies: Equals Group Plc
  • 12 Oct 20
Winners and losers in September

There was an eclectic mix of property companies to feature in the top price movers for September. Top of the tree was private rented sector and residential development specialist Sigma Capital Group, with a 34.2% rise. The group launched a £1bn joint venture with EQT Real Estate, the real estate platform of global investment firm EQT, to deliver 3,000 private rental homes in Greater London. Micro-cap investor Panther Securities also hit double-digit gains, while Macau Property Opportunities saw an uplift in its share price after announcing debt refinancing and a disposal. CLS Holdings, the investor in offices in Germany, France and the UK, continued to see a recovery in its share price – which has risen 15.1% in the last three months. Off the back of solid results, Berlin residential landlord Phoenix Spree Deutschland saw its share price gain 7.2%. Schroder REIT’s share price rose 6.6% in the month as it embarked on a share buyback programme, while Irish commercial property investor Yew Grove REIT also saw positive shareholder reaction to amending its investment strategy to increase its target loan to value ratio to 40%.

Companies: SUPR DIGS CRC PSDL ASEI TPON RLE UKCM BREI BCPT RGL SIR SLI TOWN CAL

  • 20 Oct 20
Growth in a tough market, share price headroom

The most pleasing aspect of Tatton’s trading update for the six months ending 30 Sep 2020 (H1 2021) was how robust its fundamental offering to clients (financial advisers) has proven to be in highly uncertain market conditions. It continued to attract strong net inflows into its asset management business while also growing its base of IFA consulting and mortgage services clients. The prospect of beating our previous FY21 forecasts looks promising. Longerterm growth prospects also look strong. We do, however, remain wary of the potential impact of further large market dips. For now, we maintain our fundamental valuation of 300p per share but see room for significant upside on that mark if Tatton continues to deliver.

Companies: Tatton Asset Management Plc
  • 14 Jul 20
Second Quarter of 2020

It was a remarkable second quarter with global markets staging the sort of comeback few would have thought plausible, at the end of March. With some countries still battling the first wave of infection and others seemingly headed to a second, not to mention what happens when governments start to remove direct stimulus measures, uncertainty still abounds.

Companies: NCYF EGL NAIT NAIT THRG GCP IGC HHI JLEN PCT VNH ASLI IBT HRI CSH SIGT

  • 25 Aug 20
Secure Trust Bank - Resilient numbers

Secure Trust Bank (STB) reported H120 PBT of £5.1m (vs £18.1m a year ago) and a 3.0% ROE. Income grew 4% y-o-y, but impairments almost doubled, and payment holiday charges also hurt. STB notes that since the lockdown ended, business has been rebounding. Its robust capital (CET 13.5%), business model and proven agility allow it to react to the changing lending environment. STB currently trades on a P/BV of 0.49x, reflecting sentiment more than fundamentals given its profitability track record and successful model. Our fair value estimate is 1,704p per share, down from 2,428p..

Companies: Secure Trust Bank Plc