Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on HARWORTH GROUP PLC. We currently have 5 research reports from 1 professional analysts.
|17Mar17 12:50||RNS||Director/PDMR Shareholding|
|17Mar17 07:00||RNS||Placing to raise £27.8 million|
|06Mar17 07:00||RNS||Final Results|
|09Feb17 07:00||RNS||Portfolio update|
|27Jan17 10:00||RNS||Notification of Preliminary Results|
|25Jan17 07:00||RNS||Capital Markets Event|
|10Jan17 07:00||RNS||Trading Update|
Frequency of research reports
Research reports on
HARWORTH GROUP PLC
HARWORTH GROUP PLC
N+1 Singer - Morning Song 19-10-2016
19 Oct 16
Bioquell (BQE LN) A cleaner proposition | Earthport (EPO LN) Baydonhill earnout agreed | ECO Animal Health Group (EAH LN) Approval of Aivlosin® for chickens laying eggs in Thailand | Harworth Group (HWG LN) Plot sales confirm strength of regional housebuilding market | IQE (IQE LN) Site visit confirms large growth opportunity | OMG (OMG LN) Core businesses trading strongly | Sanderson Group (SND LN) Strong finish to year highlights attractive valuation
24 Feb 16
Gooch & Housego (GHH LN) Subdued start to FY16, forecasts trimmed | Grafenia (GRA LN) Printing increasingly challenging, new initiatives gaining traction | Grainger (GRI LN) Positive updates, revising forecasts | Harworth Group (HWG LN) Momentum building into new year | Lavendon Group (LVD LN) Anticipating in-line outlook, but Middle East concerns likely to persist | OMG (OMG LN) FY’16 off to a good start | UDG Healthcare (UDG LN) More than just a safe port in a storm
Momentum building into new year
24 Feb 16
Harworth has released a confident set of FY15 prelims this morning. The financial performance is ahead of our expectations and the momentum with which the Group ended FY15 looks to have continued into the new year. Management has an excellent track record of unlocking value from the portfolio and ambitions to invest in new (former industrial) sites at a rate of £20m per annum over the medium term. A stated target of double digit post-tax returns on net assets looks highly achievable and underpins our Buy recommendation.
The Northern Powerhouse
18 Feb 16
aHarworth Group owns swathes of former colliery and industrial sites across the Midlands and North of England, which it is steadily transforming for commercial and residential development. The flagship site at Waverley, near Sheffield, is a shining example of what can be achieved. There, one of the largest coalfields in Europe is being remodelled as an attractive residential community and centre of excellence in advanced manufacturing. Management has an excellent track record of unlocking value from the portfolio. A stated target of double digit post-tax returns on net assets looks highly achievable. We initiate coverage at BUY ahead of FY15 prelims on 24th February. Our Target Price of 13p equates to <1.1x FY17 NAV.
Another positive verdict
20 Mar 17
Burford’s results for 2016 produced another outstanding set of figures. Revenue grew by 60% to $163.4m with strong growth in the litigation finance business and an additional boost from a secondary sale in the Petersen case. On an underlying basis net income grew to $114m, a 75% increase despite the investment in growing capacity which increased costs. A combination of ongoing investment and gains and increases on valuation saw the fair value of the litigation assets increase 67% to $559m, underpinned by a growth in invested capital to $394m. With the results statement there was an announcement of a further sale of 9% of the Petersen case at a valuation of 20 times the cost of investment.
N+1 Singer - Morning Song 22-03-2017
22 Mar 17
Carador Income Fund (CIFU LN) Premium rating restored, high levels of refinancing activity | Cello Group (CLL LN) Outlook getting brighter – watch Pulsar | Eckoh (ECK LN) Largest ever US secure payments win | eg solutions (EGS LN) Full year results in line | Futura Medical (FUM LN) Licensing deal for CSD500 in Portugal | Verona Pharma (VRP LN) Global agreement with QuintilesIMS to support development of RPL554 | Xaar (XAR LN) 2016 results slightly ahead, reduced visibility in 2017
N+1 Singer - N1S Trend spotting - Strategy update
08 Mar 17
In this new product we present some strategy theme updates arising out of our latest analysis of macro trends and economic data and our innovative Quant work. We also look at upcoming events and suggest topping up on some of our Best Ideas for 2017.