Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on EMPRESARIA GROUP PLC. We currently have 25 research reports from 5 professional analysts.
|17Mar17 11:38||RNS||TR-1 Notification of Major Interest in Shares|
|15Mar17 13:22||RNS||Awards pursuant to the Company's LTIP|
|15Mar17 13:21||RNS||Awards pursuant to the Company's LTIP|
|01Mar17 07:00||RNS||Final Results|
|24Jan17 07:00||RNS||Trading Statement|
|26Oct16 14:40||RNS||TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi|
|20Oct16 11:53||RNS||NOTIFICATION OF MAJOR INTEREST IN SHARES|
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Research reports on
EMPRESARIA GROUP PLC
EMPRESARIA GROUP PLC
01 Mar 17
Earnings growth of 13% in FY16 reflects a number of strong performances overseas, which aligned with acquisitions and currency tailwinds offset weaker UK and Middle East markets. We anticipate acceleration in growth rates in FY17 reflecting organic growth as underperforming markets stabilise and the full year benefits from acquisitions; Arden forecast FY17 earnings growth of 23%. Whilst the shares have been a strong performer of late, we believe the valuation, highlighted in a FY17 PEG ratio of 0.44x, remains inconsistent with current trading, geographical alignment and delivery of the strategy to acquire niche growth businesses such as Rishworth and ConSol, which are fundamentally improving the quality of earnings at Empresaria. We believe the shares have scope for a further 50% upside over the coming year.
FY16 trading update; 4% earnings upgrade
24 Jan 17
The trading update confirms another year of double digit earnings growth for Empresaria. We anticipate acceleration in growth rates in FY17 reflecting organic growth, acquisition contribution and FX tailwinds; Arden forecast FY17 earnings growth of 24%. We believe this is not reflected in a FY17 valuation of 8.4x, with the relationship to growth expressed in a Price Earnings Growth ratio of 0.35x. The valuation is inconsistent with current trading, geographical alignment and delivery of the strategy to acquire niche growth businesses such as Rishworth and ConSol, which are fundamentally improving the quality of earnings at Empresaria. The shares represent a conviction Buy.
Small Cap Breakfast
24 Jan 17
Impact healthcare REIT— Intends to float on the main market. Seeks to raise £160m to acquire a portfolio of up to 58 care homes. Expected Admission 7 March. Eco (Atlantic) Oil & Gas—TSX-V listed oil and gas exploration has announced its intention to float on AIM. Assets in Guyana and Namibia. Proposed £2m-£3m fundraise. Diversified Gas & Oil—According to LSE website first day of trading on AIM now expected for 30 January.
N+1 Singer - Morning Song 21-03-2017
21 Mar 17
accesso Technology (ACSO LN) Full year results in line, but key trading months still ahead | Augean (AUG LN) Double digit growth in ’16, good start to ‘17 | Earthport (EPO LN) Interims show continued top line strength | Goals Soccer Centres (GOAL LN) Good momentum under new team. It’s now all about delivery | IQE (IQE LN) FY’16 results prompt further upgrades | Microsaic Systems (MSYS LN) Challenges in 2016, strategy remains in place | mporium Group (MPM LN) Funds raised to help execute strategy | RhythmOne (RTHM LN) Dawn of the independents | ScS Group (SCS LN) Strong progress on key growth initiatives albeit comps now toughen | Sinclair Pharma (SPH LN) FY results: EBITDA ahead, Instalift™ gaining pace | Vectura Group (VEC LN) FY (9-month) results
N+1 Singer - Augean - Double digit growth in ’16, good start to ‘17
21 Mar 17
Augean reported another year of double digit growth for 2016, with profits in line with our forecasts. Sales grew by 21% excluding landfill tax, while adjusted PBT grew by 18% to £7.1m before amortisation of acquired intangibles. DPS was increased by 54% to 1.0p, 25% ahead of our estimate. The business units made further strategic progress, with revenues from their top 20 customers increasing from 42% to 43% of the total, of which 88% was under contract or a framework agreement, increasing forward visibility. There has been an encouraging start to 2017 and management is confident of delivering another year of profits growth. The shares trade on undemanding single digit multiples, offering good value.