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.
|16Mar17 14:15||RNS||Result of EGM and Change of Name|
|23Feb17 07:00||RNS||Change of Name and Notice of EGM|
|02Feb17 07:00||RNS||Trading Update|
|19Oct16 18:01||RNS||Holding(s) in Company|
|18Oct16 11:45||RNS||Director/PDMR Shareholding|
|23Sep16 14:51||RNS||Holding(s) in Company|
|22Sep16 12:16||RNS||Holding(s) in Company|
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.
27 Oct 15
Amino Technologies (AMO LN) Sales shortfall in core Amino business | Clinigen Group (CLIN LN) AGM statement | Dialight (DIA LN) Strategic review results and weak trading update | MartinCo (MCO LN) Capital markets event reaffirms our positive view | Minds + Machines Group (MMX LN) Q3 update shows further progress
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.
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
Small Cap Breakfast
21 Mar 17
First Sentinel—Investment company expecting NEX admission/introduction on 24 March. £636k raised pre-IPO. BioPharma Credit—Expected Gross Initial Acquisition Proceeds now c.$338m. Gross Cash Proceeds capped at $423m with placing and open offer. Results expected 23 March with admission now due 30 march. Tufton Oceanic Assets- The Company intends to invest in a diversified portfolio of second hand commercial sea-going vessels where the Investment Manager believes that an attractive opportunity exists in shipping. $150m raise. Admission 3 April.