Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on SAGA PLC. We currently have 2 research reports from 1 professional analysts.
|28Feb17 07:00||RNS||Statement regarding Ogden Rate decision|
|16Feb17 15:21||RNS||Director/PDMR Shareholding|
|16Feb17 15:20||RNS||Holding(s) in Company|
|20Jan17 15:36||RNS||Holding(s) in Company|
|18Jan17 14:32||RNS||Holding(s) in Company|
|18Jan17 14:26||RNS||Director/PDMR Shareholding|
|17Jan17 07:00||RNS||Change of Auditor|
Frequency of research reports
Research reports on
22 Sep 16
"No surprise there then! The Fed left short-term rates unchanged and concluded that, despite the Committee remaining riven by lack of consensus, the case for a rate increase has further strengthened. Fed Funds betting is still for one single 25bp move to take place before the year end, most likely in December. As unlikely as it seems right now, some decisive spike enough to push inflation close to the 2% goal, or for the unemployment rate to test the 4% level, looks to be needed before the FOMC can again achieve clear majority. Nevertheless, the broader economic picture painted by the Fed remains reasonably upbeat, with officials continuing to project two more hikes in 2017, taking the rate to between 1% and 1.25%, followed by three in each of 2018 and 2019, whereupon the discount rate could be as high as 2.75%. Celebrating the news that there is still three or so months before the first of these is actually delivered, all principal US equities markets put in good performances on reasonable volume, with the NADAQ recording its eight record close of the year. Riding on their coattails Asian markets did likewise, with Hong Kong and South Korea's Kospi both closing up more than 1% while other regional indices followed not far behind, leaving only Japan, closed for its Autumn Equinox holiday, to miss out on the party. That said, the strengthening of the Yen that immediately followed the Fed's decision is likely to sap the Nikkei's enthusiasm when it re-opens tomorrow. Market watchers will have a lot of macro information to chew over in Europe today, with the UK Financial Policy Committee due to make a press statement and the release of the CBI's Industrial Trends Survey, while BoE Governor Mark Carney is due to make a speech in Berlin. Elsewhere, publication of the ECB's economic bulletin and Eurozone consumer confidence data is also due this morning. UK corporates due to release earnings include Armadale Capital (ACP.L), Cambridge Cognition (COG.L), Crimson Tide (TIDE.L) and Fishing Republic (FISH.L), along with an AGM statement from Micro Focus International (MCRO.L). Traders will also be keeping an eye on crude prices which made reasonable gains during Asian trading following yesterday's US inventory data release which confirmed the third consecutive week on drawdown. The FTSE-100 is seen rising over 30 points during this morning's opening trade." - Barry Gibb, Research Analyst
22 Jun 16
"One day before the referendum, with polls predicting a dead heat and fevered arguments regarding the potential impact of the UK‟s exit from the EU continuing, Sterling will remain highly volatile and equities touch sensitive. In the absence of other leads or significant news, the FTSE-100 is seen opening with modest gains of around 5 points as it gathers a „dead cat‟ bounce following yesterday‟s losses. As expected Fed Chair, Janet Yellen, was unable to stoke up market enthusiasm in her Senate Banking Panel Testimony yesterday, leaving all principal US equity indices to close with marginal gains, as she sat on the fence declaring the chances of recession to be „quite low‟ while also providing a long list of worries that continue to restrain output growth ranging from hiring, investment and corporate profits. Asia put in a more convincing performance, again led by the Nikkei, as markets responded to greater optimism that Brexit could be rejected tomorrow, although volumes remained low with investors unwilling to take big bets until the outcome is formally declared. There are few other talking points to capture the imagination today, with no significant UK data releases scheduled which leaves only the IMF annual review of the US economy to look forward to later this morning. UK corporates remain in their quiet period, although Debenhams is due to release a trading update. " - Barry Gibb, Research Analyst
28 Feb 17
Avingtrans^ (AVG): Satisfactory interim results: small bolt-on acquisition (HOLD) |Seeing Machines* (SEE): Major contract win for Guardian (CORP) |Revolution Bars (RBG): Good H1 generates 3% FY forecast increase (BUY) |Victoria* (VCP): Upgrading forecasts post acquisition (CORP) |Wentworth Resources (WRL): Q4 2016 results and operational update (BUY)
Hardman & Co Monthly: March 2017
01 Mar 17
Most major pharmaceutical companies have reported results for 2016 during the last few weeks, providing the opportunity to update our industry statistics. For an industry that requires a long investment cycle, decisions made many years ago have consequences on current financial performance. Being able to look at performance over 20 years highlights how strategic decisions have panned out.
Pre-close update: Lift in FY17 guidance yet again, benefit of improved operating leverage
28 Feb 17
boohoo has continued to trade strongly in the final two months of the year to February. As a result management are increasing FY17 guidance at the sales and EBITDA levels in this morning’s pre-close trading update. Headline sales growth is now expected to be c.50%, ahead of the previously guided range of 46% to 48% given on 10th January. This results in a 1.5% increase in revenue forecasts. The EBITDA margin is now expected to be at the top of the previously guided range of 11% to 12% as the business benefits from operating leverage. This drives a 5.2% upgrade to our estimate. Further guidance on FY18 will be given at the FY17 results on 26th April. We also note that the Nasty Gal acquisition is expected to complete today as per the RNS on 9th February.
Improved market conditions in H2 and new openings
28 Feb 17
PPHE's FY 2016 results are ahead of our expectations (albeit we had downgraded after a slow H1), driven by improved market conditions in H2. The New Year has continued to benefit from this improvement and 2017 will also progressively benefit from new room inventory in London and Nuremberg. Allowing for renovations to have a short-term impact on results, occupancy of the new rooms to build and higher UK business rates, we leave our PBT forecasts unchanged and reiterate our 1080p target price.
Just getting going
23 Sep 16
Just Eat is the leading digital marketplace for takeaway food delivery and has benefitted from a significant first-mover advantage. The company has disposed of its non-core assets and is now fully focused on building bigger and better businesses in its remaining territories. Management has demonstrated successful strategy execution and discipline to date and we believe that the right people are in place to drive significant profitability improvements going forward. We therefore retain our Buy recommendation but increase our price target from 641p to 734p.
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.