Equity Research, Broker Reports, and media content on TR Property Investment Trust

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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.

Open
N/A
Range Today
N/A
52 Week
354/430p
Daily Volume
N/A
# Shares
317.4m
Daily Liquidity
(0.11%)
Pension Liability
£0m
Enterprise Value
£1,351m
Market Cap
£1,349m
Latest PE (hist)
32.26
Div Yield
2.86

Latest News/RNS

(more news)
Date Source Announcement
09Sep19 12:21 RNS Holding(s) in Company
23Jul19 17:09 RNS Result of AGM
05Jul19 16:29 RNS Directorate Change
21Jun19 12:13 RNS Annual Financial Report
30May19 07:00 RNS Final Results
29Apr19 10:52 RNS Compliance with Market Abuse Regulation
13Mar19 17:26 RNS Holding(s) in Company
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  • Frequency of research reports

     

  • Research reports on

    TR Property Investment Trust

  • Providers covering

    TR Property Investment Trust

  • 20 Sep 19

Stripe valued at $35bn, Datadog pops 39% on debut, Rivian big Amazon order

Stripe Inc said on Thursday it is raising $250 million in its latest funding round, which values the payments start-up at $35 billion, a dramatic 56% surge from a previous valuation at the start of the year. The latest valuation puts Stripe in the same league as home rental giant Airbnb Inc, which is also planning go public in 2020. Stripe has received strong positive feedback from our private FinTech contacts. Meanwhile, the IPO pipeline for 2020 is already heating up.

Companies: CALL TRAK BGO BOKU ECK EQLS LOOP NET QTX SEE TECH TCM TRCS

  • 18 Sep 19

LIBERUM: AFH Financial* - Further acquisition 'on a similar attractive multiple'

AFH has bought Broadleaf Financial Services for a total max consideration of £3.2m and “on a similar attractive multiple” to previous acquisitions. This brings the total committed spend to £10.4m since the Convertible placing in July, and shows the company following through on their comments about having deals in due diligence.

Companies: AFH Financial Group
  • 19 Sep 19

Cenkos: Redde Plc - Cash flow improvement creates opportunity

Redde's full-year statement in September has given significant reassurance to the market, and helped the stock regain upward momentum. Earnings-based valuations and the yield remain attractive, while there is clear potential for improved cash flow to fuel further bolt-on acquisitions in what has been a consolidating sector over recent years.

Companies: Redde
  • 18 Sep 19

Adapting to market conditions

Cenkos has not been immune from the challenging market conditions in the first half of 2019. This is evidenced by a decline in revenues of 41% to £10.6m and a loss before tax of £0.2m. Net cash also declined from £34m at December 2018 to £14.7m reflecting the reduced trading, the payment of the 2018 bonus and dividend, and a share buy-back programme. On the upside we note that the second half has ‘started well…with an encouraging pipeline’. In addition, the interim dividend was maintained at 2p, the regulatory capital surplus was £15.9m and we expect the net cash to improve to £25m by the year end. Despite the tough environment and the fact that we are revising our full year revenue and PBT forecast from £47m and £5m to £35m and £1.3m, we maintain our view that Cenkos has a flexible and strong business model (110 clients), and is attractive to income investors. With the shares close to historical lows, a dividend yield of 9% supports our BUY recommendation and revised price target of 80p.

Companies: Cenkos Securities
  • 13 Sep 19

LIBERUM: AFH Financial* - Acquisitions, a positive trading update and a primary focus now on organic growth and improved profitability

AFH organic net inflows continue at at least 8% p.a. The company states it is “primarily focused on driving the organic growth of our business by providing professional and cost-effective services to our clients and, in-turn, enhancing profitability”.

Companies: AFH Financial Group
  • 18 Sep 19

Facebook working on AR glasses, TransferWise revenue +53% YoY, WeWork debt price tumbles

Facebook has been working to develop augmented reality glasses out of its Facebook Reality Labs in Redmond, Washington, for the past couple of years, but struggles with the development of the project have led the company to seek help. Now, Facebook is hoping a partnership with RayBan parent company Luxottica will get them completed and ready for consumers between 2023 and 2025, according to people familiar. Needless to say, we highlight a potentially substantial threat to Snap Inc, and a potentially huge opportunity for developers within the Facebook ecosystem.

Companies: EVRH ESYS BGO BOKU EQLS IMMO SMRT TECH VRE

  • 16 Sep 19

Report & Accounts published

6% rise in Group Funds under Management to US$5.4bn (£4.2bn), with Emerging Market products contributing 78% and diversification products (i.e. Developed Market, Opportunistic Value and Frontier products) 22%. Profit before tax of £11.4m (in line with Zeus forecast of £11.4m), with a profit before tax attributable to shareholders of £8.8m (Zeus old forecast of £8.8m). Fully diluted EPS of 34.1p (Zeus forecast of 34.2p) and Full Year DPS of 40.5p (Zeus old forecast of 40.5p).

Companies: City Of London Investment Group
  • 20 Sep 19

AGM statement shows strong growth

The Company has released a brief trading statement ahead of today’s AGM demonstrating the momentum in the business. The clear scale up in both cases invested into and cases settled bodes well for current year cash collection and future growth. Reiterate Buy rating and 590p price target

Companies: Manolete Partners
  • 16 Sep 19

LIBERUM: Real Estate Investors* - Strong H1 earnings growth, and ready with £25m for deals in H2

REI has delivered positive H1 earnings growth ahead of our expectations. £25m of cash and facilities leaves management ready to capitalise on opportunities in the region, particularly in the case of any market dislocation.

Companies: Real Estate Investors
  • 17 Sep 19

Regional REIT - Executive interview

<a href="https://www.edisongroup.com/company/regional-reit/2333/"><strong>Regional REIT</strong></a> (RGL) provides investors with highly diversified exposure to UK commercial property (predominantly office and industrial property) in the main regional centres of the UK, effectively outside the M25 motorway. It aims to deliver an attractive total return to investors of at least 10% over the long term, with a strong focus on income plus capital growth. The shares provide one of the highest yields in the REIT sector and, barring unforeseen circumstances the company expects to pay aggregate dividends of 8.25p per share for 2019 (+2.5% versus 2018). In this <a href="https://www.edisongroup.com/edison-tv/executive-interview-regional-reit-4/"><strong>interview,</strong></a> Stephen Inglis, Group Property Director and Chief Investment Officer of London & Scottish Property Investment Management, the asset manager of RGL, discusses the recently released half-year results, the successfully completed £62.5m equity raise and the plans for accretive new investment.

Companies: Regional Reit
  • 17 Sep 19

LIBERUM: Aquis Exchange* - Revenues beat, drivers intact

Aquis H1 revenues were 5% ahead of our full-year run rate, and up 165% year-on-year. Company is trading in line with FY expectations.

Companies: Aquis Exchange
  • 18 Sep 19

LIBERUM: GLI Finance* - Focus on higher RoE lending, further FinTech writedown, intending to extend ZDPs

GLI is shifting to asset backed lending and seeing early growth in the newer UK and Irish businesses, however this is overshadowed by further, large FinTech writedowns, by an IFRS9 impact, and by the news that the company is seeking to extend the current ZDPs for a year, at a higher cost. New cost control is welcome and the future business model makes sense, in our view, but a succession of significant value downgrades make it unlikely that the business will soon receive any credit for the value which its core lending business should be creating.

Companies: GLI Finance
  • 27 Aug 19

Foreign buyers gorging on UK stocks

Like whales feasting on Krill, overseas firms are today stuffing themselves silly with choice fillets of corporate Britain. Why? Well look no further than geopolitical tensions and Brexit, which have disproportionately impacted UK equities and the £. Indeed the FTSE100 has lagged the S&P500 by a hefty 19% over the past 2 years, with Sterling dropping to 34 year lows vs US$ (see below). That said to us, based purely on fundamentals, this period of underperformance appears over-cooked, leaving many quality British companies vulnerable to predatory interest.

Companies: VOD AV/ AGK CHG CNA ITV BRBY SMIN CTEC SXS OXIG MGAM IMI WEIR WMH KMK EYE GATC ULS INS ALFA RDT TSTL ELCO MBH BLTG IHC 9537 CSRT NBI

  • 17 Sep 19

Solid interims, strong deployment in PRSR continues

Sigma’s interims reflect continued delivery in The PRS REIT (“PRSR”) and well-flagged delays which were experienced during the early part of 2019. We now see strong activity levels developing – both in PRSR and on Sigma’s balance sheet – underpinning stronger profitability in H2. In PRSR, there are 1,289 completed homes and 3,429 in delivery – accounting for 83% of capital (91% of equity), with the remainder to be contracted near term. We leave our forecasts unchanged. 2/3rds of the market cap is covered by NAV and we believe recurring income from AuM and development profits are being undervalued.

Companies: Sigma Capital Group
  • 20 Sep 19

LIBERUM: Harworth* - Plenty of upside to deliver over time

Harworth has had a positive first half, with good progress made on land sales and replenishing the pipeline. NNNAV growth of 12.6% y/y is ahead of the long-term total return target.

Companies: Harworth Group