Event in Progress:
Research Tree provides access to ongoing research coverage, media content and regulatory news on Home Depot, Inc..
We currently have 56 research reports from 4
Companies: ScS Group plc
Companies: XP Factory PLC
Companies: Topps Tiles Plc
Companies: Marks and Spencer Group plc
Companies: DSCV BOTB PMG
Carrefour has announced a promising strategic plan named ‘Carrefour 2026’. It entails measures like an increased focus on the discount format (cash & carry/hypermarkets), private labels and a switch towards a franchising model for stores. The targets of €4bn pf cost savings and net FCF of €1.7bn look achievable. While the CEO’s proven track-record is reassuring, the market was unimpressed. It may be that risk-averse investors are more concerned about the near-term performance (2023 sales, profi
Companies: Carrefour (CA:EPA)Carrefour SA (CA:PAR)
Companies: Motorpoint Group Plc
Companies: Loungers Plc
The group’s FY22 results confirmed its preliminary communication and the latest bookings continue to support a promising outlook. Nevertheless, a potential large-scale strike in France during the important Christmas holidays is weighing on the share price performance. We expect a slight upgrade to our valuations.
Companies: easyJet plc
Kingfisher Q3 trading witnessed all banners performing ahead of market expectations. While lfls declined in the UK, the group’s lfl sales (+0.2% yoy) were led by the French and Polish businesses (+0.6% and +7.6%, respectively). Despite overall market share gains and a strong showing during the initial three weeks of Q4 (+2.8% yoy), investors disliked the hair cut in the FY22 PBT guidance (£730-760m vs £730-770m earlier). This is not a big issue in our view. We will upgrade our financial estimate
Companies: Kingfisher Plc
Dish of the day
No joiners today.
Leavers: No leavers today.
What’s cooking in the IPO kitchen?**
AT85 Global Mid-Market Infrastructure Income plc, a UK investment trust targeting an innovative, adjacent-space strategy in some of the most sought-after sectors in infrastructure, is proposing to undertake an IPO on the Premium Segment of the Main Market. The Company has access to an initial portfolio of assets of £98.5m and a total pipeline (including the Initial Assets) of £539.8m. Targe
Companies: SAR CMX FIH ZIN ACRL UPR MWE NCCL
There were no major surprises in Kingfisher’s H1 FY22/23 performance. The group’s lfl sales came in at -4.1% yoy (vs consensus of -4.2%). Almost all banners performed in line with expectations. A good start to Q3 also bodes well for Kingfisher to achieve FY22/23 consensus. However, we expect the overall business performance (home improvement demand) to come under pressure during the forecast years as rising inflation and a fragile economic outlook dents consumer sentiment. We maintain a positive
Inchcape held the second of its ‘In The Driving Seat’ webinars, this time focusing on how Digital & Data is supporting the Group’s growth ambitions. Its investment in digitalisation and data analytics is enabling attraction of more customers, improved efficiencies, and ultimately higher growth, achieving a greater share of the global distribution market. The Group has made substantial progress in these initiatives since its Capital Markets Day last November, and we see this driving further untap
Companies: Inchcape plc
Halfords 3Q IMS is in our view positive with PBT forecasts for FY 2020 held at £50-55m and good LFL in Retail cycles +5.9% and Autocentres +4.6% where most of new management development work has been focused. Retail Motoring products LFL -2.7% continues to show impacts of discretionary spend softness in our view. Management retains its caution about near term demand prospects overall and its development programme in Autocentres and key aspects of the business overall (notably new integrated webs
Companies: Halfords Group Plc
18 July 2022
Status of this Note and Disclaimer
This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objective
Companies: TSTL NTBR AEG BARK KP2 SKIN GWMO MEX