Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on CLIPPER LOGISTICS PLC. We currently have 8 research reports from 1 professional analysts.
|02Feb17 07:00||RNS||Clipper signs new Contract with BAT|
|31Jan17 15:27||RNS||Director/PDMR Shareholding|
|01Dec16 07:00||RNS||Half-year Report|
|09Nov16 07:00||RNS||Trading Update|
|02Nov16 07:00||RNS||Joint Venture with John Lewis|
|17Oct16 15:46||RNS||Result of AGM|
|11Oct16 12:00||RNS||Exercise of Options|
Frequency of research reports
Research reports on
CLIPPER LOGISTICS PLC
CLIPPER LOGISTICS PLC
N+1 Singer - Clipper Logistics - Contract win supplements organic growth
02 Feb 17
Clipper has this morning signed a contract with British American Tobacco (BAT) which will include e-commerce support for Vype, BAT's leading vapour business. The contract is an extension of Clipper’s existing relationship with BAT and extends to the end of 2020. It is an encouraging announcement and in line with our expectations of organic growth supplemented by contract wins. We leave forecasts unchanged this morning and we remain positive on Clipper. Trading conditions remain strong and we believe that there are significant upgrades to come.
N+1 Singer - Morning Song 02-02-2017
02 Feb 17
Avon Rubber (AVON LN) Q1 in line with expectations | Clipper Logistics (CLG LN) Contract win supplements organic growth | IDOX (IDOX LN) Completion of 6PM acquisition | Summit Therapeutics (SUMM LN) Phase III ridinilazole programme anticipated to commence in H1 2018
N+1 Singer - Clipper Logistics - Expecting material contract wins in Cal. ‘17
02 Dec 16
Clipper delivered a solid set of interim results yesterday, with significant revenue and profit growth continuing in all divisions. Our initiation note in September identified the Group’s Click and Collect offering and contract win momentum as two future earnings catalysts. Over the Black Friday/Cyber Monday period, Clipper has proven its Click and Collect capabilities and we see potential for a number of significant Click and Collect contract wins in early to mid Cal. ’17. We also increasingly see potential for growth in the European business where the management team has been strengthened with a renewed focus on e-fulfilment. With a number of opportunities already in discussion, we expect contract win momentum to build in the region. We reaffirm our Buy recommendation and upgrade our target price from 370p to 400p, implying an FY’18 P/E rating of 27x.
N+1 Singer - Clipper Logistics - Interims highlight further significant growth
01 Dec 16
As flagged in the H1 trading update in November, trading for the first half of the year was in line with expectations, with further significant growth in revenue (up 16.5%) and PBT (up 25.5%). The outlook statement is positive, with the new business pipeline at a strong level and the Board expecting positive momentum to continue into the second half. Clipper’s share price has performed well since our initiation note in September and is now near our target price of 370p. We will look to review our valuation after the analyst meeting, but we believe the medium term outlook for Clipper is positive, with further contract win potential supported by continued growth in online retail.
N+1 Singer - Morning Song 01-12-2016
01 Dec 16
Blackstone/GSO Loan Financing (BGLF LN) CLO refinancing outlook | Clipper Logistics (CLG LN) Interims highlight further significant growth | Grainger (GRI LN) Final results in line, further progress on PRS investment pipeline | Vernalis (VER LN) AGM statement in line with expectations | WYG (WYG LN) Order book strength underpins FY expectations
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.
21 Feb 17
Lighthouse Group* (LGT): Middle Britain growth (CORP) | Utilitywise* (UTW): Double-digit sales growth (CORP) | Trakm8* (TRAK): Earnings expectations cut again (CORP) | dotDigital* (DOTC): Myriad growth opportunities (CORP) | Artilium* (ARTA): Five-year Telenet deal secured and prepaid (CORP) | Netcall* (NET): Cloud investment pays off (CORP)
Emerging from the clouds
16 Feb 17
Rolls-Royce’s underlying performance in FY16 was ahead of both its own and market expectations. Media focus on the non-cash £4.4bn headline FX loss is missing what looks to be the basis for optimism. As the civil model starts to move from investment in engines for the A350 and A330neo into the aftermarket delivery phase over the remainder of the decade, we think cash flow is likely to improve, particularly if supported by an eventual recovery in Marine.
N+1 Singer - Small-cap quantitative research - New quality style screen + 11 quality focus stocks
09 Feb 17
We introduce our fourth and final style screen representing “quality”. This screens for stocks with the best combination of high returns on capital/equity, EBIT margins and operating cash-flow conversion rates. These criteria should help us monitor how strong underlying returns translate into share price performance over time and under varying market conditions. The screen selects the “best” 25 stocks from our universe of just over 500 stocks and, as usual, we focus on a shorter list of stocks we cover or otherwise know and believe to be particularly interesting. We provide brief investment summaries on these focus stocks on pages 4 – 9. We will monitor performance and refresh the screen in approximately 3-4 months time.
15 Feb 17
At the current market capitalisation of £29m, we believe the shares are significantly undervalued. We estimate that the highly profitable Maritime business is alone worth at least £40m. With net cash of £9m at end-2016, this implies that the market is currently ascribing a combined negative value of £17m to the rest of the group, which together account for c.54% of group revenues. This is very harsh given the management actions to transform TP Group to a profit-driven Tier 2 specialist services and engineering company are bearing fruits across the divisions. TPG Managed Solutions is expected to more than double its profits in 2017, while TPG Engineering and Design & Technology are on course to deliver sustainable profits from 2019. Even if we ascribe zero value to Engineering, Design & Technology and Managed Solutions, the shares are worth 9.5p a share, a 38% upside from the current share price. BUY.