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 3 research reports from 2 professional analysts.

Open
442p
Range Today
442/444p
52 Week
354/450p
Daily Volume
0.0k
# Shares
317.4m
Daily Liquidity
(0%)
Pension Liability
£0m
Enterprise Value
£1,293m
Market Cap
£1,409m
Latest PE (hist)
29.07
Div Yield
3.18

Latest News/RNS

(more news)
Date Source Announcement
31Oct19 07:00 RNS Appointment of Joint Corporate Broker
29Oct19 07:00 RNS Compliance with Market Abuse Regulation
07Oct19 16:49 RNS Director/PDMR Shareholding
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
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  • Frequency of research reports

     

  • Research reports on

    TR Property Investment Trust

  • Providers covering

    TR Property Investment Trust

  • 11 Nov 19

LIBERUM: AFH Financial Group* - Organically growing and improved FCF

AFH continues to grow at an impressive rate compared to peers in a tough market environment. It has delivered 8% organic net flows and new business written is up 46% yoy.

Companies: AFH Financial Group
  • 04 Nov 19

THE MONTHLY November 2019

The trade-off in the risk/reward for gold and gold mining equities is improving, as central banks push the current iteration of the post-World War II Bretton Woods financial order towards its limits.

Companies: AVO AJB AGY ARBB BUR CLIG DNL DPP FLTA GTLY GDR MCL MUR NSF PCA PIN SRE PHP RE/ RECI RMDL STX SCE TON SHED VTA W7L

  • 21 Oct 19

Quarterly Research Outlook Autumn 2019

Following continued delays of a Brexit agreement, few sectors within the UK market have remained attractive to investors despite low valuations. One sector which has continued to outperform despite the political drama has been the UK video gaming sector (henceforth UK gaming), which we are fans of. We believe a combination of sector-leading growth, strong cash conversion and timely cyclical positioning support our positive view on the UK video gaming sector.

Companies: ABBY AMS ANX ARS ATYM AVON BLVN PIER BUR CGS CAML CDM CSRT TIDE CYAN DTG DEMG ELM EMR FPO FDEV GTLY GENL GHH GRI GEEC GKP HMI HAYD HEAD HILS HTG HUR IBPO IOG INDI JHD JOG KAPE KEYS KWS KCT KGH LAM LIT LOK MACF MANO MOD OXIG PCA PANR APP SRE PHC PMO RBW RMM RBGP REDD RSW RNO ROR SUS SCPA SEN SHG SOLG SOM SUMO TM17 INCE TWD TRAK TRI VNET VTC ZOO ZTF

  • 06 Nov 19

More than ever: CVAs

The laconic Q3 19 trading update pointed out both Intu’s distressed investment case and the impact of increasing CVAs in the UK. Beyond Intu’s specific case, it was more bad news for the entire British sector.

Companies: Intu Properties
  • 07 Nov 19

Cenkos Securities - Resilient broker with a substantial track record

Cenkos has a record of successful fund-raising for clients and maintaining annual profitability since its inception in 2005. This reflects its focus on client outcomes, a well-established network of business relationships and flexibility in its cost base. Its client relationships should stand it in good stead when market conditions become more favourable. In the meantime, the company’s strong balance sheet, with substantial capital headroom, provides reassurance and Cenkos would not need to attain earlier levels of return on equity to warrant a materially higher valuation.

Companies: Cenkos Securities
  • 05 Nov 19

VietNam Holding - Das umstrukturierte Unternehmen bietet neue Möglichkeiten

VietNam Holding (VNH) aims to deliver long-term capital growth, primarily through investing in listed companies in Vietnam. The fund is also permitted to invest in unlisted companies, which in practice are those that have visible near-term plans to list. The fund has undergone significant changes since September 2017, including the appointment of a new board and manager, Dynam Capital Limited. These changes were implemented to address governance issues associated with the previous board and manager, which contributed to VNH’s wider-than-peers discount to NAV. Vietnam’s medium- to long-term economic outlook is one of the brightest in the Asia Pacific region and investors looking for exposure to its rapid growth may find the restructured VNH of interest.

Companies: Vietnam Holding
  • 25 Sep 19

Cenkos: 1pm Plc - Foundations for sustainable, faster growth

1pm's FY19A results were well flagged by June's trading update with revenues of £31.8m (+6% YoY), adj PBT of £8.1m (+4%), while adj EPS grew +2%. Growth this year has come from purely organic means. FY20E will be somewhat of an investment year, building out management and infrastructure to accelerate revenues strongly over FY21-22E. 1pm is focused on sustainable lending over chasing volumes at lower margins.

Companies: 1PM
  • 11 Nov 19

Interims show strong growth

What’s new: Tatton Asset Management’s results for the six months to 30 September revealed strong growth in divisional revenue and profits: ▪ 15% rise in Group Revenue to £9.73m (1H18: £8.45m) - AuM based revenues rose 19% to £7.10m (1H18: £5.99m), with Tatton Investment revenue rising 35% and wrap income declining; - Paradigm revenues rose 7% to £2.60m (1H18: £2.43m); ▪ 23% rise in Group adjusted operating profit to £4.13m (1H18: £3.35m) - 23% rise in AuM based profit to £4.27m (1H18: £3.48m) which is 42% rise in Tatton Investment profits (as previously reported); - 11% rise in Paradigm profits to £0.91m (1H18: £0.82m) and - 11% rise in central costs to £1.1m (1H18: £0.96m) ▪ Adj FD EPS rose 18% to 5.4p (1H18: 4.6p); ▪ Interim DPS was increased 14% to 3.2p (1H18: 2.8p); ▪ Net cash was £9.17m after paying £3.1m final dividend and £2.0m for Sinfonia, with operating cash conversion at over 100%. The Group trading update on 17 October had already announced: ▪ 14.8% rise in Group AuM to £7.0 billion (30/9/18: £5.7 billion: 23% rise YoY; 31/3/19: £6.1 billion: 14.8% rise in the 6 months period): - 1H organic net inflows of £441m increased AuM by 7.2%; - the Sinfonia acquisition added £135m, increasing Group AuM by 2.2%. Outlook: Paul Hogarth, Founder and CEO, notes: “monthly net flows continuing to perform well from both existing and new IFAs despite an uncertain and volatile market” and the reorganisation of the group’s “IFA support services businesses under the existing Paradigm brand but with one simplified operational and management structure …[should enable] improved efficiencies and opportunities”.

Companies: Tatton Asset Management
  • 26 Sep 19

Small Cap Feast

Kaspi.kz, the largest Paym ents, Marketplace and Fintech Ecosystem in Kazakhstan w ith a leading m arket share in each of its key products and services. GDR offering expected Oct 2019. In the first half of 2019, the Company generated total revenue of KZT226,862m (U.S. $598m), up 34% and net income of KZT77,001m (U.S. $203m), up 54%. Registration document approved for Helios Towers. The Group provides essential network services, flexible infrastructure solutions and reliable power supply to mobile network operators in five African growth economies. Revenue increased 7 per cent. year-on-year to US$191m (H1 2018: US$178m), with Adjusted EBITDA up 15 per cent. year-on-year at US$99m (H1 2018: US$86m) for the six months ended 30 June 2019.

Companies: XSG TRAK CREO BIDS VDTK BKS LSAI WHR CAB GYG

  • 09 Oct 19

Bond proxy?

Bonds have traditionally been a core part of private client portfolios. Harry Markowitz is generally credited with developing and popularising the modern approach to investment diversification, as part of his doctoral thesis in 1952. Markowitz’s 60/40 equity/bond portfolio quickly became a staple of retail investor portfolios, and for many years equity and bond portfolios built around this basic concept have been highly successful for investors. The attractions were clear: aside from the solid income that bonds offer investors as a portfolio component portfolio, they also provided something of a hedge to equity exposure.

Companies: UKW TRIG HICL SONG

  • 31 Oct 19

LIBERUM: Orchard Funding Group* - Growth in a huge market

A growing specialist lender in attractive niches with a 15% NIM and low credit risk, yet trading at book because, for now, it has low leverage and not yet the banking licence it desires, nor further funding facilities. 2019 saw a superior new IT system, internally developed, new product areas and a stronger board.

Companies: Orchard Funding Group
  • 04 Nov 19

Regional REIT - Progress with capital raise deployment

Regional REIT (RGL) has exchanged contracts for the £27.7m acquisition of a regional office portfolio, its second significant transaction since H119 and marking progress with deployment of £62.5m (gross) proceeds of the July capital raise. With a strong pipeline of investment opportunities, we expect full deployment by early 2020, which will enhance earnings and provide further opportunities for active asset management and value creation.

Companies: Regional Reit
  • 07 Nov 19

Good numbers

Natixis released its numbers for Q3 19. Gross operating profit was 7.6% higher than expected (+2.2% vs our own expectations), mainly driven by the Asset and wealth management division. The CET1 ratio at 11.5% was flat qoq. Management is now targeting a CET1 ratio of 11.2% by end-2020 (vs 11% previously) through a decrease in Natixis’ 2018–20 budget (minimum payout ratio of 60% is unchanged however).

Companies: Natixis
  • 11 Nov 19

Fidelity China Special Situations - Domestic opportunities offer exciting prospects

Fidelity China Special Situations (FCSS) offers investors direct exposure to China for a portion of their portfolio, aiming to deliver long-term capital growth from investing in companies listed in China, and Chinese companies listed elsewhere. Since the trust’s inception in April 2010, FCSS’s NAV total return has increased by nearly 11% pa. The portfolio has a bias towards mid- and small-cap companies, which tend to be less well researched and potentially mispriced. The manager, Dale Nicholls, is focused on opportunities related to rising domestic consumption, which in his view is unlikely to be disrupted by the ongoing US-China trade dispute.

Companies: Fidelity China Special Situations
  • 18 Jul 19

H1 results well ahead; management driving business proactively

This morning’s H1-19A results show that encouraging H2 trends within the business, mainly driven by the company’s own actions in sharpening its focus and managing regulatory transitions in ’18, continued in the first half of the current year. Double digit increases in sales, profits and EPS are matched by positive developments within the cashflow. Both JIM’s low-cost trading model and its so-called Model “B” outsourcing activity retain significant attractions, and while the general environment is unquestionably uncertain, including that of the equity markets, this latest set of results certainly suggests that the company is well able to manage current conditions. Notably new fee tariffs introduced last year have delivered benefits; while we view the yield of 5.8% as attractive. JIM operates a balanced business combining an effective low-cost trading model with a settlements and administration operation outsourcing these activities for a client base including pension funds and wealth managers. Conservatively leaving our FY-19A forecasts unchanged, we anticipate further progress after a good H1.

Companies: Jarvis Securities