Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on PICTON PROPERTY INCOME LTD. We currently have 2 research reports from 2 professional analysts.
|13Feb17 16:48||PRN||Holding(s) in Company|
|13Feb17 07:00||PRN||Non-Core Asset Disposal|
|10Feb17 13:43||PRN||Holding(s) in Company|
|10Feb17 13:31||PRN||Director/PDMR Shareholding|
|03Feb17 13:57||PRN||Holding(s) in Company|
|01Feb17 15:02||PRN||Grant of Awards Under Long Term Incentive Plan|
|17Jan17 07:00||PRN||Picton Disposes of Two Non-Core Retail Assets|
Frequency of research reports
Research reports on
PICTON PROPERTY INCOME LTD
PICTON PROPERTY INCOME LTD
Listed Real Estate
20 May 16
There are suggestions that the sector has peaked, but we feel this relates more to Central London than the rest of the country: the EU referendum has certainly provided an excuse to ‘wait and see’, compounding the effect of any uncertainty. Activity levels have suffered and the growth momentum slowed, and this is now showing up clearly in market data. However, the impact is not universal and is concentrated on the more exposed investment areas of Central London, leaving bright spots across the sector for investors to exploit.
More of the same
08 Apr 15
Q1 2015 saw c£1.8bn raised of which £1.2bn came from IPOs and selected secondary issues (see table). Despite widening discounts in the equity income sector, yielding alternative assets continued to dominate. Primary and secondary issues were well spread within the alternatives space but Gabelli’s (GVP) £100m (target £250m) IPO suggests it remains tricky to slot equity portfolios into a closed-end structure. All three IPOs came with a large minority shareholder (the manager in GVP’s case). Some secondary issues have seen funds achieve meaningful scale, lowering costs and enhancing the potential returns.
N+1 Singer - Uncovered Gems - Speed Dating Lunch - A Famous Five for the future?
12 Apr 17
On Friday we hosted our third “speed dating” lunch with the management of five very interesting and contrasting companies not under our formal coverage: Be Heard, Byotrol, Gfinity, Oxehealth and Plant Impact. Each company gave a concise and punchy overview of its business and investment case to a group of fund managers, before rapid fire Q&A. Below we summarise our thoughts on each company with more details inside the note, plus some relevant slides. We believe that all five companies are well-managed and well worth a closer look - we intend to repeat this efficient and popular format for engaging with management teams.
Non Life Insurance - Growing impact of hacks on share prices
18 Apr 17
Our November 2016 Cyber report flagged the growing impact of cyber attacks on quoted companies, noting that Yahoo’s breach would inevitably negatively impact Verizon’s offer price, which it did. A report by CGI and Oxford Economics has found that, to date,severe hacks on UK companies permanently reduced their share price by 1.8% - or approximately a £120m hit to MCap for a FTSE 100 firm. With GDPR coming into effect next year, we expect more headlines. That has got to be good for cyber insurers and cyber security firms.
UK Housebuilding Sector: Q1 2017
10 Apr 17
Baron King of Lothbury, also known as Mervyn King former Governor of the Bank of England, is married to Barbara, a Finnish lady. She was his girlfriend in 1970 but distance and steam-driven telecoms conspired to keep them apart. Barbara went on to marry someone else and divorce - before being reunited with King in the late 1990s. They married in 2007 and King, who had never had children, was presented with two step-children and four grandchildren; and, in a Sunday Times interview, he quoted the Finnish apothegm “Grandchildren are the dessert of life”.
N+1 Singer - Small-cap quantitative research - Growth style screen revamp and 10 focus stocks
06 Apr 17
We have reviewed the performance of our consistent growth screen since the previous refresh on 27 September 2016 and revamped the selection parameters to focus more on forecast sales and EPS growth going forward. In the period under review the consistent growth style screen outperformed the small-cap benchmark by c. 6% and underperformed the microcap index by a similar amount. Interestingly, although growth doesn’t always seem to be defensive as might be expected, however it appears right to buy growth on dips caused by or coincident with wider market volatility. In the new forecast growth screen we take a close look at 10 focus stocks. We will monitor performance and refresh it in three to four months time.
03 Apr 17
After much heralding, MIFID II is finally beginning to have an impact on the business of investment research, though its true ramifications might take years to be seen. The role of analyst research is widely misunderstood. It is not all about the conclusion: the rating and price target. The real content of research is about what is discounted in the current share price and what assumptions would produce different outcomes.