Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on STIFEL FINANCIAL CORP. We currently have 0 research reports from 0 professional analysts.
|23May17 11:00||MKW||Stifel Declares Preferred Stock Cash Dividend|
|01May17 21:02||MKW||Stifel Reports First Quarter 2017 Financial Results|
|21Apr17 22:00||MKW||Stifel Appoints David A. Peacock to Board of Directors|
|21Feb17 12:00||MKW||Stifel Declares Preferred Stock Cash Dividend|
|31Jan17 11:30||MKW||Stifel Reports Fourth Quarter and Full-Year 2016 Financial Results|
|03Mar16 12:00||MKW||Stifel Emphasizes Equity in 2015 Named Executive Officer Compensation|
|23Feb16 21:20||MKW||Stifel Reports Fourth Quarter and Full-Year 2015 Financial Results|
Frequency of research reports
Research reports on
STIFEL FINANCIAL CORP
STIFEL FINANCIAL CORP
25 May 17
N+1 Singer - Small-cap quantitative research - Momentum screen refresh + 9 focus stocks
We have refreshed our momentum screen for a second time, the previous refresh having been in January. As before, the screen selects the 25 stocks exhibiting the strongest momentum, according to our measurement method. From these we selected 9 to focus on. Since the last refresh the screen has significantly outperformed both the main small-cap and micro-cap indices against a background of strong and stable momentum generally. We also present here a wider study of accelerating and decelerating momentum stocks, because of interesting behaviour noticed previously. The interim conclusion is that these two characteristics are a significant differentiator of performance. We show on pages 7 and 8 the current most accelerative and decelerative stocks.
Companies: SDM EYE SOG MAB1 GFIN FARN LRM W7L TET
25 May 17
N+1 Singer - Morning Song 25-05-2017
Clipper Logistics (CLG LN) Earnings enhancing acquisition | Conviviality (CVR LN) Raising a glass to a positive YE update | Halfords Group (HFD LN) Confidence in FX mitigations + staycation benefits | Sigma Capital Group (SGM LN) Successful launch of the UK’s maiden PRS REIT, raising £250m | Small-cap quantitative research Momentum screen refresh + 9 focus stocks
Companies: HFD SGM SDM EYE SOG CLG MAB1 CVR GFIN FARN LRM W7L TET
24 May 17
Abzena (ABZA): TNT009 bought by Bioverativ for $400m (BUY) | Europa Oil & Gas* (EOG): Placing and open offer (CORP) | STM* (STM): A strong base with optionality (CORP) | Trakm8* (TRAK): Telematics contract win underpins FY 2018 (CORP) | Lombard Risk Management* (LRM): Lombard delivers the promised growth (CORP) | Mortgage Advice Bureau (MAB1): In-line trading update (HOLD) | Ideagen* (IGP): New hires demonstrating the sales focus (CORP)
Companies: ABZA EOG STM TRAK LRM MAB1 IGP
24 May 17
Today’s AGM update confirms the MAB has continued to grow its network of advisers, observing: MAB increased its advisers to 990 on 19 May 2017 (31 Dec 2017: 950); Organic recruitment has been in line with the Board’s expectations; New business recruitment to be weighted to the second half.
Companies: Mortgage Advice Bureau
30 May 17
N+1 Singer - Sigma Capital Group - £250m REIT: transformational, enhances visibility
Sigma Capital has successfully raised £250m equity for The PRS REIT (“REIT”) from blue chip institutional investors and the Homes and Communities Agency (“HCA”). Sigma will receive fees for delivering and managing assets, as well as development profits on assets completed for the REIT using PLC capital. We estimate that the £250m REIT will generate c.£32m income and development profit for Sigma over 5 years. The measures necessary to secure the REIT launch result in a one off impact to FY17e PBT (-70%) in order to launch the REIT which provides superior visibility and quality of earnings with significant value expected to accrue as the model is scaled.
Companies: Sigma Capital
26 May 17
Panmure Morning Note 26-05-2017
Following the announcement of the disposal of Vauxhall Square, the 10 for 1 share split and our estimate of 2017 property valuations we have revised our forecasts and adjusted our target price. We have also adjusted the 2016 result to show a pro forma performance thus making it easier to compare the 2017 forecasts. The shares are trading at a 20% discount to our 2017F year-end EPRA NAV forecast of 250p/share which we believe is too large. We have increased our target price to 234p/share from 216p previously and reiterate our Buy recommendation.
Companies: CLS Holdings
26 May 17
Small Cap Breakfast
Touchstone Exploration— Oil exploration and production company active in the Republic of Trinidad and Tobago. Interests of approximately 90,000 gross acres. Production c. 1,300 boepd. Raising £1.45m. Expected mkt cap £7.5m. Due 26 June. | I3 Energy –Schedule 1. Independent oil and gas company with assets and operations in the UK. Offer TBC, 26 May admission. | Verditek— Schedule 1 update. On Admission, the Company's subsidiaries will be involved in advanced solar photovoltaic, filtration and absorption technologies specialising in providing environmental services. Issue price 10p. Admission in late May. | Tiso Blackstar Group—Schedule 1 update. Media, entertainment and marketing solutions group/ £160m mkt cap. Admission only. Expected late June. | Curzon Energy—Report on Proactive Investors of intended LSE float this year with acquisition of coal bed methane assets in Oregon. Looking to raise £3m plus. | NLB Group—financial and banking institution based in Slovenia, with a network of 356 branches. Seeking Ljubliana Stock Exchange listing with GDRs on the LSE. Expected mid June. Flying Brands (FBDU.L)—Prospectus approved by FCA. RTO of Stone Checker Software, supplier of technology solutions in the field of kidney stone analysis and prevention. Has raised £550k at 3p. Subject to GM on 15 Jun. | AEW UK Long Lease REIT—Intention to Float. Up to £150m raise. Admission early June. UK specialist and alternative property | Kuwait Energy— $150m raise plus vendor offer. Admission due June. 2p reserves 810.0 mmboe | ADES International— Provider of offshore and onshore oil and gas drilling and production services in the Middle East and Africa, seeking raise up to $170m plus vendor sale under a Standard Listing of the Main Market. Admission due May | PRS REIT—Private rental sector REIT raising up to £250m. Admission due 31 May
Companies: P2P NCCL PLA SDI SMC PHE NIPT C21 CASP DEMG
17 May 17
N+1 Singer - Morning Song 17-05-2017
ATTRAQT Group (ATQT LN) Integration progress; potential for significant cost savings | Bodycote (BOY LN) Good trading, in line with management expectations | Brewin Dolphin Holdings (BRW LN) Positive interims showing Q2 FuM growth and margin accretion | Grafenia (GRA LN) Net cash clarification | Listed Law Conference More listed legal services companies expected | Raven Russia Ltd (RUS LN) Raising funds for further opportunities | Synairgen (SNG LN)Full year results; LOXL2 inhibitor due to commence Phase I in H2 2017 | Zotefoams (ZTF LN) Positive start to the year
Companies: RUS BOY BRW MUR GRA SNG ATQT BUR DRV GTLY ZTF
23 May 17
UK REIT generates net income surplus in FY16
Standard Life Investments Property Income Trust (SLI) aims to generate both income and capital growth from investing directly in UK commercial property. Its emphasis continues to be on generating above-average income for shareholders and it currently yields 5.4%. In FY16, the dividend was 117% covered by earnings and the manager, Jason Baggaley, is reasonably sanguine about future dividend prospects. Relative performance is measured against the quarterly version of the IPD Monthly Index Funds, which is representative of UK direct property funds. SLI has outperformed this benchmark, in NAV total return terms, over one, three and five years.
Companies: Standard Life Investments Property Income Trust
25 May 17
Investing in healthcare across the globe
Worldwide Healthcare Trust (WWH) aims to generate capital growth from a global portfolio of healthcare stocks. While around two-thirds of the portfolio is invested in the US, there is a meaningful c 15% exposure to emerging markets and WWH can invest across all subsectors of the healthcare industry. Since launch, the trust has been managed by Sam Isaly, who is co-founder of OrbiMed Capital, the largest dedicated healthcare investment manager in the world. WWH has a strong investment track record – it has outperformed its benchmarks over one, three, five and 10 years. WWH’s discount has been on a narrowing trend since mid-2016; its shares are now in line with cum-income NAV.
Companies: WORLDWIDE HEALTHCARE TRUST PLC
12 May 17
Results to the left of them, results to the right of them
We continue to see outperformance by the junior market indices. In our view, this is largely due to smaller companies delivering robust trading in updates, although M&A activity is also playing a part. Indeed, the majority of corporate results continue to be in line with expectations. The UK election rumbles on in the background and near term the focus will likely remain on the domestic political landscape. In Share News & Views we have covered Braemar Shipping*, Downing Strategic Micro-Cap Investment Trust*, Invesco Growth Trust* and Warpaint London*.
Companies: BMS CRPR ECSC EUSP FDM PCF PPIX QRT SNX SPRP SQS TCN TRI W7L
25 May 17
Having completed a major integration, and a good FY17 management can focus on carefully controlled growth. In the Home Collect (HCC) business, management reports the expected increase in agents looking to join the group. MCL will be very selective about new agents, but this is a material, if at present unquantifiable, opportunity. Management is also using technology to improve efficiency and distribution. In related areas, where MCL has existing competitive advantages, new products are being carefully rolled out. New relationships and partner agreements add to the potential down the line. We see 32% valuation upside.
Companies: Morses Club
25 May 17
Small Cap Breakfast
I3 Energy –Schedule 1. Independent oil and gas company with assets and operations in the UK. Offer TBC, 26 May admission. Verditek— Schedule 1 update. On Admission, the Company's subsidiaries will be involved in advanced solar photovoltaic, filtration and absorption technologies specialising in providing environmental services. Issue price 10p. Admission in late May. Tiso Blackstar Group—Schedule 1 update. Media, entertainment and marketing solutions group/ £160m mkt cap. Admission only. Expected late June. Curzon Energy—Report on Proactive Investors of intended LSE float this year with acquisition of coal bed methane assets in Oregon. Looking to raise £3m plus. NLB Group—financial and banking institution based in Slovenia, with a network of 356 branches. Seeking Ljubliana Stock Exchange listing with GDRs on the LSE. Expected mid June. Flying Brands (FBDU.L)—Prospectus approved by FCA. RTO of Stone Checker Software, supplier of technology solutions in the field of kidney stone analysis and prevention. Has raised £550k at 3p. Subject to GM on 15 Jun. AEW UK Long Lease REIT—Intention to Float. Up to £150m raise. Admission early June. UK specialist and alternative property Alfa Financial Software –Intention to float. Mission-critical software platform purpose-built for asset finance enterprises. Vendor sale of 25% plus. FYDec16 rev £73.3m (CAGR of 24% from 2012). Adjusted EBIT £32.8m. Kuwait Energy— $150m raise plus vendor offer. Admission due June. 2p reserves 810.0 mmboe ADES International— Provider of offshore and onshore oil and gas drilling and production services in the Middle East and Africa, seeking raise up to $170m plus vendor sale under a Standard Listing of the Main Market. Admission due May 2017. PRS REIT—Private rental sector REIT raising up to £250m. Admission due 31 May
Companies: SAR ARIX AGQ OMIP FCR EMH LDSG YNGN GTLY OGN
25 May 17
N+1 Singer - Sigma Capital Group - Successful launch of the UK’s maiden PRS REIT, raising £250m
Sigma Capital has successfully raised £250m equity for the UK’s first dedicated private-rented sector (“PRS”) REIT. Attractive target returns – including a 6% stabilised income yield – has secured funds from institutional investors and the Homes and Communities Agency (£25m). The REIT will materially enhance income visibility for Sigma and increase recurring income. This is transformational. We are currently finalising revised forecasts (withdrawn 4th May). We reiterate that there will be an impact to current year earnings from measures taken in order to ensure the successful launch of the REIT. We see value creation through the deployment of REIT capital, and potentially subsequent fundraising activity.
Companies: Sigma Capital
28 Apr 17
N+1 Singer - Morning Song 28-04-2017
Bagir Group (BAGR LN) NED appointment and acquisition update | T3 Trend spotting Strategy update
Companies: AUG GNS IQE NTG SDL SPH SDY TRI VEC XAR GHT BOY CRW EMIS VCT ECK GLE GHH DATA AVON CHH DPH HILS SDM ZYT MUR RPS LWB EKF SUN UDG SYNT CINE DOTD MPM BAGR FUM CLIN RENE ATQT MYSL SERV ERGO BCA BUR DRV SCS JUP FDP GBG GTLY HW/ EAH SFR PHD CXENSE KNOS NETD G4M GFIN FUTR ULS RHL RAT FEN LOOP