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Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Gabelli Value Plus + Trust. We currently have 4 research reports from 1 professional analysts.

Open
129p
Volume
0.1m
Range Today
129/130p
52 Week
115/137p
Market Cap
£128.8m
Enterprise Value
£128.3m
Pension Liability
£0m
# Shares
99.9m
Latest PE (hist)
217.79
Div Yield
0.46

Latest News/RNS

(more news)
Date Source Announcement
18Jun18 16:30 RNS Annual Financial Report
13Jun18 12:03 RNS Holding(s) in Company
12Jun18 08:19 RNS Replacement: Net Asset Value(s)
01Jun18 10:06 RNS Total Voting Rights
01Jun18 09:09 RNS Holding(s) in Company
29May18 16:08 RNS Holding(s) in Company
29May18 07:00 RNS Transaction in Own Shares
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  • Frequency of research reports

     

  • Research reports on

    Gabelli Value Plus + Trust

  • Providers covering

    Gabelli Value Plus + Trust

  • 19 Jun 18

Volatility returns

When we last published the FTSE 100 was reaching an all-time high of 7877. We have subsequently seen increased volatility and some of the previous progress made by markets surrendered. The escalation of the potential trade war between the US and China and the imposition of more tariffs has unnerved markets. At home, we have continued to see M&A activity. While company results have largely been as anticipated, the outlook in some sectors looks less promising. In Share News & Views, we comment on Aortech*, ECSC*, Location Sciences*, Norcros, NWF, Tricorn* and Warpaint London*.

Companies: AOR APC BMS CRPR DMTR ECSC ESC EUSP FDM GETB LSAI SNX SPRP TCN W7L

  • 04 Jun 18

The Monthly

Hardman & Co recently welcomed Milan Radia to our roster of established, industry expert analysts. Milan has 25 years of equity market experience at major investment banks and in asset management, and has worked on many high-profile successful IPOs. In 2017, he was ranked the No.1 earnings estimator in the UK for his sector in the Thomson Starmine Awards. Milan has also been techMARK Analyst of the Year and achieved top three Institutional Investor sector rankings for his coverage of the software and telecoms sectors. In our lead article this month he gives an insight into his thinking on some key themes in the sector.

Companies: OPM ABZA AVO AGY APH ARBB AVCT BNO BUR CMH CLIG COS DNL EVG GTLY GDR INL KOOV MCL MUR NSF OXB NIPT PHP RE/ REDX SCLP SCE SIXH TRX TON VAL

  • 15 Jun 18

Still motoring ahead

After three years of super-charged growth in assets under management (AUM) – from £2.8bn to £11.0bn at the end of March 2018 – there are few signs of any slowdown. Impax grew AUM by c £1bn in the first half, all organic and has already added another £0.8bn in the first two months of H2.

Companies: Impax Asset Management Group
  • 15 Jun 18

Focused on China’s domestic opportunity

Fidelity China Special Situations (FCSS) provides exposure to a diversified, actively managed portfolio of Chinese equities. The manager takes a bottom-up approach to stock selection, focusing on the faster-growing consumer-orientated sectors of China’s economy. FCSS’s NAV returns have been strong over the last two years, although modestly lagging its MSCI China index benchmark. This is attributed to FCSS’s tilt to small- and mid-cap stocks, which underperformed large-caps, partly due to passive capital flows into index funds. Over five years, FCSS has significantly outperformed the benchmark, as well as its open- and closed-ended peers. A new variable management fee structure, with a lower base level and no performance fee, will take effect from July 2018.

Companies: Fidelity China Special Situations
  • 18 Jun 18

LIBERUM: Aurora Investment Trust* - Excellent long-term returns

Aurora is a value investment trust that focuses on investing in high quality businesses. The manager’s flagship fund, Phoenix UK Fund, has outperformed the FTSE All Share by 378% since 1998.

Companies: Aurora Investment Trust
  • 07 Jun 18

LIBERUM: Plus500* - Positive trading statement, upgrading CY18 forecasts

Plus500 has announced in a short trading statement that the Board has materially increased its expectations for the Group’s financial performance for the year ending 31 December 2018.

Companies: Plus500
  • 07 Jun 18

LIBERUM: Ramsdens Holdings* - Strong FY18 results, FY19 Adj. EPS +4%

The FY results were good, showing growth in all business segments. RFX finished the year at 127 stores; increasing by three (four opened, one closed and excl. franchised stores).

Companies: Ramsdens
  • 09 Apr 18

UK Housebuilding Sector

This ominous-sounding term originated from the work of famed Swedish meteorologist, Tor Bergeron (1897-1977), but it only entered popular vernacular this year – and there have been ample opportunities in 2018 to use it.

Companies: ABBY BDEV BWY BKG BVS CRN CSP CRST GLE INL MCS PSN RDW SPR TW/ TEF WJG

  • 24 May 18

Strong performance from quality – 11 focus stocks

We have refreshed our quality style screen for the second time and report on style performance since the last refresh in October. Performance has been very strong, outperforming the small-cap index by c.1600bps (weighted basis) and c.1000bps (unweighted). There has been volatility with the market and this style has yet to be tested in a concerted down market, but in a flat or rising market quality appears to be a successful investment style in small-caps. We have highlighted 11 focus stocks in the new screen and will report back again on performance when we next refresh the screen in about 5-6 months’ time.

Companies: LIO GHT AMO CHH ZYT DOTD GTLY RIV FCRM TAM PAM

  • 30 May 18

Positioning for continuing growth

H118 results from MedicX Fund saw continued portfolio and rental growth, with costs well controlled. The positive results were accompanied by a new dividend policy, which will rebalance total returns partly away from dividends paid and more towards capital growth. From FY19 it targets a lower, fully covered DPS, conserving cash flow and providing greater flexibility to sustainably fund further accretive asset growth. The FY19 prospective dividend yield of c 5% remains attractive and the shares are priced at a c 10% P/NAV discount to peers.

Companies: Medicx Fund
  • 19 Jun 18

Continuation of strategy under new lead manager

Templeton Emerging Markets Investment Trust (TEMIT) has been managed by Chetan Sehgal since the beginning of February 2018, when he took over from prior lead manager Carlos Hardenberg. The two managers had worked closely together for a number of years and there will be no change to the investment process. Sehgal will continue to follow Franklin Templeton’s value-based, bottom-up stock selection approach, aiming to generate long-term capital growth. The manager is optimistic on the outlook for emerging market equities, citing above-average earnings growth with below-average valuations versus global equities. TEMIT has recently announced its FY18 results (ending 31 March); its NAV and share price total returns of 12.4% and 13.7% respectively were ahead of the 11.8% total return of the benchmark MSCI Emerging Markets index.

Companies: Templeton Emerging Markets Inv Trust
  • 22 May 18

Investment case

We observe four attractive characteristics, which ensure MAB delivers predictable revenue, profit and dividend growth: Currently, the main driver of growth in MAB’s revenues, profits and dividends is the number of advisers employed or self-employed by its Appointed Representative firms (ARs); High cash conversion: operational cashflow is over 100% of post-tax profit; MAB is capital light: it is able to pay out 90% of reported earnings; MAB’s management team has a material equity interest.

Companies: Mortgage Advice Bureau
  • 31 May 18

Interim results to end of March '18

The group announced interim results on the May 23, reporting significant progress across the business as it builds scale while at the same delivering credible financial and operational performance. These results were achieved despite the twin constraints of upfront capital investment and equity capital raised previously, nevertheless, PCF continues to grow according to its strategic plan. 

Companies: Private & Commercial Finance Group
  • 20 Jun 18

Maintaining client commitment

Record is in its 35th year and underlying its longevity are expertise and service levels that have sustained a client base through changing markets. FY18 saw further investment in personnel to support customised services, while a new product offering in passive hedging has the potential to earn performance fees that we have not included in our estimates. Similarly, positive net AUME flows could allow earnings to beat our expectations.

Companies: Record
  • 26 Oct 17

N+1 Singer - Small-cap quantitative research - Quality screen refresh + 10 quality focus stocks

We have refreshed our quality style screen for the first time since its inception in February this year. As before, the screen selects the 25 stocks exhibiting the highest quality characteristics according to our criteria from our universe of approx. 500 stocks and we have chosen 10 stocks to focus on. Since inception the screen has significantly outperformed the main small-cap index and marginally outperformed the microcap index. There was notable volatility around the UK general election, which is interesting as quality would usually be seen as a defensive style in large-caps. As expected, turnover of constituents is modest with only 9 leavers and joiners despite the extended time-scale since inception. We will refresh again in five to six months’ time.

Companies: WIL GHT AVON CHH ZYT DOTD MAB1 GTLY FCRM VANL