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Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on TR Property Investment Trust. We currently have 2 research reports from 2 professional analysts.

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Volume
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Range Today
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52 Week
354/434p
Market Cap
£1,257m
Enterprise Value
£1,351m
Pension Liability
£0m
# Shares
317.4m
Latest PE (hist)
32.26
Div Yield
2.86

Latest News/RNS

(more news)
Date Source Announcement
15Feb19 12:04 RNS Director Resignation
22Nov18 07:00 RNS Half-year Report
23Oct18 07:00 RNS Compliance with the Market Abuse Regulation
02Oct18 16:54 RNS Notification of Board Committee Changes
24Jul18 17:31 RNS Result of AGM
18Jul18 17:31 RNS Holding(s) in Company
20Jun18 13:51 RNS Annual Financial Report
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  • Frequency of research reports

     

  • Research reports on

    TR Property Investment Trust

  • Providers covering

    TR Property Investment Trust

  • 12 Feb 19

LIBERUM: Plus500* - Too much of a good thing

Elevated volatility is good for trading platforms, but market falls in Q4 caused significant client losses ("P&L gain”), rather than higher spread revenue. The company is choosing to subtract this gain from Q4 revenues and to base 2019 guidance on the organic growth which they have always achieved.

Companies: Plus500
  • 12 Feb 19

Share & share alike

Roses are red – markets are blue! The rally since the start of the year resumed this week, after a pull-back last week. The FTSE 100 has risen due to the weakness of sterling and the impact on its dollar-earning constituents. More domestically-oriented indices have also risen but lagged more recently. The latest Brexit twist is due later with a statement to Parliament on the negotiations. Company news continue to dominate the morning headlines and amendment votes the evening ones. In Share News & Views we comment on DCC, EU Supply* FireAngel*, Location Sciences*, Northbridge* and NWF.

Companies: AOR APC BONH BMS CTG CRPR DMTR ESC EUSP FDM FA/ LSAI NKTN PCF SNX TCN VRE W7L

  • 31 Jan 19

Quarterly Research Outlook

The market has not faced quite so many conflicting challenges for a number of years, whether related to global geopolitics, trade wars, ongoing Eurozone issues or the “will they, won’t they” saga of Brexit. In our Best Ideas, we sought to highlight stocks that present investors with interesting opportunities following recent market moves. Those stocks, we believe, warrant investor attention, in many cases for uncorrelated or stockspecific reasons, regardless of the near-to-medium term market direction. These stocks, in general, represent attractive and well-managed businesses or assets, with share price catalysts and where valuations or recent stock performance provide investors with a good entry point.

Companies: 7DIG ABBY AMS ANX ARS ATYM AVON BLVN PIER CGS CAML CALL CSRT TIDE DTG DEMG ELM EMR FPO FST GTLY GENL GRI GEEC HDY HMI HAYD HEAD HILS HTG HUR IBPO IOG INDI JHD JOG KEYS KCT KGH LAM MACF MOD MKLW OXIG PCA PARK PMO RBW RMM REDD RSW RNO RKH RBGP ROR SUS SCPA SHG SOLG TWD TRAK TRI VNET VTC ZTF

  • 05 Feb 19

THE MONTHLY February 2019

This Investment Research Paper addresses the issue of renewable power generation in the UK and in mainland Europe, which – after the deep-seated financial crisis of 2008/09 and the ensuing recession – now has better prospects of achieving critical mass. It also considers investment perspectives.

Companies: OPM AVO AJB AGY ARBB AVCT DISH BUR CLIG CSH DNL DPP GTLY GDR HAYD KOOV MCL MUR NSF OXB PCA RE/ REDX STX SCE SIXH TRX TON VAL VTA W7L

  • 04 Feb 19

Cenkos: Duke Royalty Ltd - A step change in scale

Duke has announced the acquisition of Capital Step, the only known rival provider of royalty finance and debt products to SMEs in UK&I. The acquisition materially accelerates development of Duke's royalty portfolio, adding 6 core new investments (to a total of 11) in several new sectors. This adds significant diversification, de-risking the portfolio to individual names/sectors. The deal is expected to be immediately earnings enhancing, reflected in our upgrades to FY19E & FY20E EPS forecasts of 5% and 3%. This gives further support to DPS estimates which produce a market leading 9% yield on our revised FY20E forecasts.

Companies: Duke Royalty
  • 11 Feb 19

Hudson Quarter £35m construction contract signed PCA.L 312p

Key Points. Palace Capital has signed a £35m construction contract with a renowned contractor, Caddick Construction Ltd (part of Yorkshire-based Caddick Group) to undertake its development in Hudson Quarter, York. We see the appointment of a renowned operator as being the first step towards derisking the project, adding further momentum for the company following its £26.5m loan facility agreed last week. We reiterate the analysis from our last note showing the potential for c.£11m of development profits (adding c.24p to the NAV) and c.5p of additional earnings post FY21 (implied dividend cover of 1.2x), all upside to our current numbers, highlighting the positive returns to be made from Hudson Quarter. At a c.25% NAV discount and 6.1% yield, we reiterate our Buy rating. PT 415p.

Companies: Palace Capital
  • 25 Jan 19

LIBERUM: Burford Capital* - Unsurpassable in an industry growing 3x

To understand Burford you have first to appreciate the growth of litigation finance, then that Burford is without peer. We estimate the industry is currently managing $15bn in assets and believe this can grow to $50bn.

Companies: Burford Capital
  • 27 Dec 18

LIBERUM: Plus500* - Ahead of market expectations for this year, more so for 2019

The company has announced that it expects to beat current expectations, which were for $116m revenues in Q4. The company had previously said that $130m would have been earned at normal volatility in Q3.

Companies: Plus500
  • 14 Jan 19

Opportunity knocks

We are introducing our Best Ideas for 2019 and also review the performance of last year’s picks. We suggest ten solidly financed stocks with good business dynamics that ought to be considered for core portfolio holdings and six UK domestically focused stocks that our analysts believe should perform strongly in the event that uncertainties unwind. We also introduce a new style of research from N+1 Singer which presents a Company’s dynamics and metrics in a clear and concise manner and concentrates on the pivotal issues affecting that Company and an investment decision.

Companies: BCA CLIN CLG CBP DNLM EAH FDL FCRM FUTR GTLY INS GLE NICL SDL SPR TRI

  • 25 Jan 19

Cenkos: FairFX Group Plc - Confirmation of a hugely profitable scaling

Today's update shows FairFX has achieved adj EBITDA of c£7.5m, a significant uplift from FY17A's £1.0m, reflecting continued strong organic growth and recent acquisitive activity (CardOne, City Forex). This implies c£4.8m was delivered in H2/18E despite a series of temporary headwinds and a worsening macro-economic backdrop (which has continued to date). We expect FairFX's momentum to continue through FY19E, aided by further margin enhancing rationalisation of the supply chain, addition of new banking products and investment in business infrastructure/people.

Companies: FairFX Group
  • 17 Jan 19

LIBERUM: NewRiver* - Resilient and diverse income

NewRiver's Q3 update confirms resilient trading conditions, which should provide reassurance. Retail occupancy remained broadly stable through Q3 at 95.5%, with lettings agreed in line with ERV.

Companies: Newriver Reit
  • 19 Dec 18

LIBERUM: FFI Holdings* - FY EBIT in line or slightly ahead of 2018

Revenues increased 91% helped by acquisitions. Net cash nudged down from the year end figure of $19.4m to $15.5m. Expect FY EBIT in line or slightly ahead of FY 2018.

Companies: FFI Holdings
  • 06 Nov 18

North Sea Rockstar

RockRose has quickly managed to establish itself as a significant North Sea player, with an acquired portfolio of assets which were non-core to the sellers but material for a company of RockRose’s size. We initiate coverage with a BUY recommendation and a TP of 1460p, representing significant potential upside of 156% from the current share price, a gap we believe will close quickly once investors realise RockRose is trading at a sharp discount to fundamental value.

Companies: Rockrose Energy
  • 15 Feb 19

Supportive environment, but first are the questions on the valuation front

Segro benefits from further yields compression in H2 18. After anticipating this new increase in asset valuations, and being perfectly right, management now mentions lower visibility on the 2019 valuation front.

Companies: SEGRO
  • 07 Feb 19

S&U Update Note - Positive Trading Update

This week's trading update from S & U confirmed the trends highlighted in December. The market for its core Advantage non-prime motor finance business remains positive notwithstanding UK economic uncertainty and greater competition. Since the November 2018 decision to increase investment in the bridging business, Aspen Bridging Finance's experience has been positive. This fledgling business is set to contribute to earnings in the year to January 2019. We reflected the slower pace of Advantage loan growth in forecasts immediately following December 2018's trading update, and do not feel further adjustments are necessary based on the release yesterday. Current year and 2020/21 income (PBT, EPS and DPS) forecasts, however, are adjusted further to reflect the slower loan growth at Advantage in 2018 and our expectation that this will continue for at least the first half of calendar 2019. We view this as a timing issue and one which highlights the continuing benefits of S & U's approach. It

Companies: S&U