Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on POUNDLAND GROUP PLC. We currently have 5 research reports from 2 professional analysts.
|16Sep16 15:20||RNS||Form 8.3 - Poundland Group PLC|
|16Sep16 10:43||RNS||Form 8.5 (EPT/RI) - Poundland Group Plc|
|16Sep16 10:30||RNS||Scheme of arrangement becomes effective|
|15Sep16 15:20||RNS||Form 8.3 - Poundland Group PLC|
|15Sep16 13:12||RNS||Court sanction of scheme of arrangement|
|15Sep16 11:00||RNS||Form 8.5 (EPT/RI) - Poundland Group Plc|
|15Sep16 08:13||GNW||Form 8.5 (EPT/RI) - Poundland Group plc|
Frequency of research reports
Research reports on
POUNDLAND GROUP PLC
POUNDLAND GROUP PLC
12 Aug 16
"Europe's opening is expected to be pushed and pulled in different directions as investors contemplate contrasting overnight news from some of the world's major markets. Weighing up higher equity closes across both the US and Asia, together with the hint from Saudi Arabia, the world's largest producer and OPEC's opinion leader, of reviving the concept of coordinating crude output with other countries to rebalance supply, London is expected to open modestly firmer with the FTSE-100 rising around 5 points in opening trade. Traders have, of course, heard this before and OPEC's recent inability to effectively control its own members leaves them sceptical that obvious global oversupply can be tamed any time soon. Nevertheless, the story was enough to tempt some to close out bear positions and boosted confidence in the US where energy and consumer stocks drove all three principal indices to concurrent new record closes for the first time since 1999. Asia found this optimism infectious, with similar modest gains across the board, despite China's National Bureau of Statistics releasing the latest in a long run of disappointing industrial output figures, this time showing July annual growth down to just 6.0% from 6.2% in June. While this figure was below consensus expectations, affected primarily by slowing in the hitherto booming housing market, others took heart that monthly production actually rose by 0.52% while also anticipating yet further measure from the PBOC to stimulate its flagging economy. Macroeconomic date due this morning includes UK Construction and German GDP data, while later this afternoon expect US Retail Sales numbers to be released. There are no important UK corporates due to provide earnings updates today, although markets will be keeping an eye out for any further updates regarding the apparent escalation of tensions in the Ukraine following Russia's decision to increase security measures in the annexed territory of Crimea." - Barry Gibb, Research Analyst
14 Jul 16
"The appointment of Philip Hammond as Chancellor of the Exchequer in Theresa May's new cabinet line-up, replacing hard-line austerity and city champion George Osborne, will likely result in a nervous opening for London's financial markets this morning. The FTSE-100 is seen flat to modestly up in early trade, despite pundits predicting the Bank of England will today cut its rate policy for the first time since 2009 - most probably by 25pb - to ward off a looming post-Brexit slump. Hammond, a 'safe hands' political veteran of the Conservatives, has assumed roles of Transport Secretary, Defence Secretary and most recently, Head of the Foreign Office in recent administrations, but apparently has always hankered for an influential role in the Treasury. For investors, the early signs are positive; making a speech to the British Bankers' Association on Tuesday, Hammond stated he would strive to defend the sector's key access to the European single market, noting the financial services industry was probably the most affected by Brexit and the significance of its 'passports' to operate across the EU. That said, he will be struggling uphill from the beginning, with the GfK consumer confidence index have already reported its biggest hit since 1994 while this morning, the Royal Institute of Chartered Surveyors, details its members experiencing weakening demand, a drop in the number of homes being offered for sale and a slowdown in pricing growth. Uncertainty, according to the RICS is the 'primary driver' of a prospective slump. Overseas markets meanwhile trod water, with the US equities modestly mixed while awaiting key macro data (including inflation, retail sales and industrial output) later this week. Asian markets also mostly stalled after a week of strong gains, with only Japan putting in a convincing gain, both on continuing fiscal stimulus hopes and also on a soaring 10% performance from Nintendo, as gamers applaud its new 'Pokémon Go' app. Other than the BoE decision, the IMF's Lagarde is due to speak while later the US will release PPI date and jobless numbers along with a speech from the Fed's Esther George. UK corporates due to provide trading updates or results includeMicro Focus International, Experian, Halfords, Mothercare and SuperGroup." - Barry Gibb, Research Analyst
17 Jun 16
"London equities appear set to record strong gains this morning, with reports of the tragic murder of a UK Member of Parliament apparently throwing the Brexit debate into disarray. Expected closing of referendum-led shorts, while also riding on new confidence gleaned from the overnight and early morning international markets ending their losing streaks, means that the FTSE-100 is seen opening up around 40 points. A strong expression of public revulsion on the daylight attack, that was reportedly carried out in the name of UK independence, resulted in significant gains for the 'Remain' vote in the betting markets during late-afternoon trading. This point highlights the fact that the vote, which polls suggest had swung convincingly in favour of the 'Leave' camp, is by now far from a certainty and upon which financial markets are prepared to express quite dramatic relief. US stocks climbed Thursday, snapping a five-session streak of losses as telecommunication and utilities shares recovered, while the Nikkei in Japan rose off its four-month low, dragging most Asian markets behind it, as its government left its assessment of the overall economy unchanged despite suffering from exceptional recent Yen strength. The UK has scheduled no major data or corporate results due for release for this morning, although the IMF will report on the UK economy, while in Europe the ECB president Mario Draghi will also be speaking." - Barry Gibb, Research Analyst
16 Jun 16
"The FTSE-100 is seen opening quite sharply lower once again this morning (down around 65 points), as the markets tries to take all ramifications of a possible Brexit on board. Even the Fed's decision to leave short-term rates unchanged yesterday appears at least in part, to await the outcome of the June 23rd referendum as international markets try to gauge the potential shock to global activity. Beyond this, continuing sluggish US growth rates and its apparent inability to stimulate inflation, means that the central bank still lacks the confidence to raise the cost of borrowing, as a result of which early gains recorded across the principal indices turned back into modest losses during late trading. The US dollar fell to its lowest level since September 2014, mimicking the Euro which tumbled to its lowest since January 2013. By contrast, safe haven investors continued to drive the Yen higher after the BOJ's decision to stand still at its policy meeting, forcing Asian equities broadly down once again. Expect the Bank of England rate decision this morning along with MPC meeting minutes which will be followed by the Governor's Mansion House speech and may reflect on the Chancellor's suggested need to plan for an emergency Brexit budget. Retail sales figues are due from the US this afternoon, while various small and mid-cap corporates, like Poundland, WS Atkins, Darty, Mulberry, Premier Farnell, Purplebricks and Safestore are due to report.
A vital Christmas
11 Dec 15
Poundland’s share price plunged following the release of its interims on 19 November. Two comments explain the decline: the announcement that 99p Stores was in a worse condition than expected on its acquisition and news that early Q316 trading was volatile. The latter is potentially significant and places even more emphasis than usual on Christmas trading.
20 Feb 17
Hayward Tyler Group* (HAYT): Trading update and financial position (CORP) | Petra Diamonds (PDL): Interim results (BUY) | Gemfields* (GEM): Interim results (CORP) | Premaitha Health* (NIPT): Middle East momentum (CORP) | Sound Energy (SOU): Acquisition update and TE-8 well spud (HOLD) | Proactis* (PHD): Interim trading on track (CORP) | 7digital* (7DIG): Automotive contract win (CORP)
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
N+1 Singer - Morning Song 22-02-2017
22 Feb 17
CORETX (COR LN) Contract wins and new Lifestyle facility | Gooch & Housego (GHH LN) Solid Q1 trading plus earnings enhancing acquisition of StingRay Optics | NCC Group (NCC LN) Further issues in Assurance | PCI-PAL (PCIP LN) Strong H1 underpins positive outlook | UBM (UBM LN) Results | Verona Pharma (VRP LN) Phase IIa RPL554 add-on trial to tiotropium commenced
N+1 Singer - Gym Group - Not quite a lean, fit & healthy outlook
15 Feb 17
Gym Group has done an excellent job in successfully rolling out a disruptive business model in the health & fitness market. However, we think growth expectations are too high and the shares look expensive on a FY17 P/E of 27x. We expect initial signs of increased competition / cannibalisation and LFL pressure to increase over the next 2-3 years and the shares to de-rate. We pitch our forecasts 5%-14% below consensus and initiate with a Sell recommendation and a 145p target price.
Panmure Morning Note 24-02-2017
24 Feb 17
Upgrades and increased shareholder returns were needed to justify the recent share price rally: they have been duly delivered and we expect a positive response today. FY16 was largely ‘in-line’ and initial FY17 comments, for operating profit growth YOY, are encouraging. Our initial estimate is for consensus upgrades of 5-10%. IAG has confirmed a €500m share buy-back programme, which was well flagged and we think in line with market expectations. Overall a welcome, slightly more positive read for the sector, particularly those with self-help levers. Presentation 9am GMT.
Cycle pains; structural gains
01 Feb 17
A downgrade is a downgrade, which we put through in this note (FY17 net profit -8%). The fare softness behind it is not worrisome to us, reflecting a tough point in the cycle, with industry supply/demand imbalance driving revenue yields down across the sector. Wizz Air is not immune but its own yield softness is partly self-inflicted, with management taking an aggressive capacity stance to capitalise on structural growth opportunities. This may be dilutive to near-term earnings, but should be accretive to medium-term growth and shareholder value. Experience suggests these are exactly the time to buy airline winners, which we believe Wizz Air is becoming. Limited stock liquidity can move the price up quickly as well as down. Reiterate BUY, TP unchanged at 2,300p.