Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on MARTINCO PLC. We currently have 14 research reports from 2 professional analysts.
|19Oct16 06:01||RNS||Holding(s) in Company|
|18Oct16 11:45||RNS||Director/PDMR Shareholding|
|23Sep16 02:51||RNS||Holding(s) in Company|
|22Sep16 12:16||RNS||Holding(s) in Company|
|21Sep16 04:20||RNS||Holding(s) in Company|
|16Sep16 09:35||RNS||Holding(s) in Company|
|15Sep16 09:15||RNS||Director Shareholding and Issue of Equity|
Frequency of research reports
Research reports on
N+1 Singer - Small-cap quantitative research - Consistent growth screen refresh + “11 with legs”
29 Sep 16
We have performed a second refresh of our consistent growth screen, first established with our research note of 17 December last year. As previously, the screen produces a basket of 25 stocks that exhibit not only good growth in EPS and sales, but also a consistency of growth in both measures each year. This basket, or style, has underperformed the small-cap benchmark by 9.1% since inception last December, and by 4.8% since the last refresh on 13 April. We highlight stocks leaving and joining the basket and take a closer look at 11 stocks “11 with legs” in the refreshed screen. We will continue to monitor performance of the basket and refresh it again in about 4 months’ time, but interestingly, consistent growth is beginning to look like consistent underperformance!
Capital markets event reaffirms our positive view
27 Oct 15
Last Thursday’s capital markets event highlighted the strength of MartinCo’s offering, its medium term growth strategy, and an ambition to manage c.500 offices. The Group currently manages c.300 offices. Managing 500 offices would place MartinCo in the top three lettings businesses in the country. The company will look to expand its services across its brands, grow office numbers and fees organically, and most significantly, seek acquisitions ranging from assisting franchisees to acquire local portfolios, up to and including acquisitions of other PLC property franchisors. Backed by its strong, four brand network, low cost base, and an experienced and ambitious management team, we believe MartinCo is well positioned to lead consolidation in an industry where there are clear economies of scale. The capital markets event reaffirmed our positive view and we continue to see scope for sector outperformance.
Panmure Morning Note 22-10-15
22 Oct 15
Ahead of the capital markets day today, MCO has confirmed the continued strong operating performance for the group with revenue for the nine months to September rising 47%. We believe that these figures are on track to meet our full year forecasts and so retain our BUY and 192p target price (FY16 PE of 15x).
Panmure Morning Note 06-10-15
06 Oct 15
The opportunity in UK estate and lettings agency business is consolidation. MartinCo has demonstrated that it has the platform and management capability to expand profitably and currently has £7m of cash resources to acquire more businesses. The underlying operation is performing well and should continue to deliver ROEs of over 25%. Further expansion should enhance returns and allow for a progressive dividend policy. In our note published this morning, we have upgraded our current year EPS forecast by 8.1% and continue to maintain a Buy recommendation with a target price of 192p.
Panmure Research - MartinCo 06-10-15
06 Oct 15
The opportunity in UK estate and lettings agency business is consolidation. MartinCo has demonstrated that it has the platform and management capability to expand profitably and currently has £7m of cash resources to acquire more businesses. The underlying operation is performing well and should continue to deliver ROEs of over 25%. Further expansion should enhance returns and allow for a progressive dividend policy. We have upgraded our current year EPS forecast by 8.1% and continue to maintain a Buy recommendation with a target price of 192p.
N+1 Singer - Best Ideas 2017 - Top picks
04 Jan 17
Today we publish our Best Ideas for 2017 - 12 stocks that we believe have excellent prospects in the current year together with a detailed discussion of what we see as the key sector and market themes for 2017. Our top picks are Cineworld, Elementis, Herald Investment Trust, Hill & Smith, IQE, MySale, Redde, ReNeuron, RhythmOne, SDL, Servelec and Severfield.
10 for 17
09 Jan 17
As always at the start of a year, there are significant uncertainties about the year ahead but I think in 2017, the level of uncertainly has decisively moved up a gear. In fact, a leading economist at the LSE, Ethan Ilzetzki, was recently quoted as saying “I view the current global economic environment as the most uncertain in modern history”. Wow.
The Monthly January 2017
09 Jan 17
Despite all the hullaballoo of the Brexit vote and the subsequent election of Donald Trump as the next US President, the UK stock market prospered last year, especially in the latter few months of 2016. The combination of a depreciating currency – making $ earnings more valuable in relative terms - and the Trump emphasis on infrastructure expenditure drove the stock market higher
Conviction List Q1 2017
05 Jan 17
Since its inception in 2010, the Conviction List has outperformed the market in 11 of 19 periods and a reinvested Conviction List would have returned 260% against a Small Companies index that would have returned 194%. Our Conviction List returned 0.4% over the last quarter; this was set against the benchmark UK Small Companies index that returned 4.0% over the same period.