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Another good report despite some caution regarding combustibles in the coming half. New Generation Products, which are currently the main driver, continue to do very well with the 2025 targets confirmed. This is the most important thing in our opinion.
Companies: British American Tobacco p.l.c.
Today's news and views, plus announcements from: BATS, GSK, HLN, LLOY, RKT, RIO, SKG, IBST, PHP, UTG, MOTR, RESI, BREE, BOKU, EMAN, UOG & WHI.
Companies: BATS RIO PHP
Capital Access Group
The reassuring publication reinforces our belief that tobacco companies will continue to perform well in this inflationary environment and that they definitely remain a good bet for the future, especially given the very attractive valuations and high dividend yields. BAT is trading at a 2022 PE of 10x with a 7% dividend yield.
Today's news & views, plus announcements from BATS, ANTO, PLUS, PZC, TLW, AVCT, MRL & INL.
The FY21 results were in line, FY22 outlook is good and share buy-backs have returned. BAT definitely continues to be one of our stock picks.
Today's news & views, plus announcements from BATS, GSK, BAB, LIO, AUY, ANX, BGO, DUKE, INCE & PMI.
Companies: YRI BGO BATS INCE
Today's news & views, plus announcements from BATS, GRI, HAS, NEX, RAT, QQ., BRK, PURP, POLR & CAY.
The H1 results (in line with expectations) were led by New Category growth (up by +50%) and the partial recovery from the pandemic impact. We see the outlook as good, with annual sales revised upwards and even though margins may be challenged by increased New Category investments. This is definitely good for the long term, but could be (unfairly) misinterpreted by the market at the moment.
Today's news & views, plus announcements from ICP, BATS, OXIG, PAG, NCC, OTMP, XPD, PPC
Companies: BATS OTMP XPD
Strong trading update with upgraded FY21 revenue growth target (+5% vs. +3-5% previously) and strong confidence in the New Generation Products development.
Good full-year results, which beat top- and bottom-line expectations. However, the FY21 cautious guidance weighs on the stock today.
H1 combustible resilience and surprising improvement in the New Categories unit (vapour, THP, modern oral). We continue to be positive on the stock.
Research Tree provides access to ongoing research coverage, media content and regulatory news on British American Tobacco PLC Sponsored ADR.
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Companies: Frontier Developments Plc
Today’s interims highlight a resilient performance, reflecting international diversification and self-help. The fact that good momentum has continued into Q3 is positive. As is reinstatement of the interim DPS (3.5p). PMP however makes the bulk of profits in Q4 and whilst the US order book is good, UK uncertainty and a higher cost outlook in some areas means we rein back our current year PBT by 20%. This still implies a credible flat H2 EBIT and y/y PBT growth of 11%. Prudence also means we lowe
Companies: Portmeirion Group PLC
Singer Capital Markets
Companies: Galliford Try Holdings PLC
Companies: Accrol Group Holdings plc
Companies: OSI TRAK TERN
Just over two months on from our “Sector Views” call to buy dollar earners on July 21th, this remains hugely topical with further significant £ weakness and the Bank of England at the time of writing on the back foot following last week's mini-budget. As the “world's currency”, the dollar remains at a multi-year high against a basket of major currencies and above parity with the euro. In terms of sterling, we recommended a selection of dollar buys two months ago when the sterling / dollar rat
Companies: SPSY FOUR WATR
Companies: Science In Sport Plc
Galliford Try has delivered strong financial and operational results in FY22, well ahead of consensus by most metrics including adj. PBT of £19.1m (+68%) and a divisional operating margin of 2.4%, well on its way to management's 3% target for 2026. It currently enjoys strong momentum, increased stability/much-reduced risk, and a strong balance sheet – this management team is delivering exactly what it has promised since joining. It also enjoys a favourable, inflation-protected outlook and is di
Seeing Machines has released a trading update for year-end 30 June 2022. Revenues are expected to be in line with market expectations (as per 23 February 2022 announcement A$55.6m) and cash position ahead of market expectations (FactSet A$40.4m). It notes that High margin Automotive royalty revenues are up 139% on the prior year with production vehicles on road now at 447,000. As a leading indicator it notes Non-Recurring Engineering (NRE) revenue is up 61% on prior year and that the cumulative
Companies: Seeing Machines Limited
Companies: CT Automotive Group Plc
What’s cooking in the IPO kitchen?
Lift Global Ventures plc to join AQSE Growth Market. The Company's investment strategy is to operate as an enterprise company seeking acquisition or investment opportunities within the financial media and technology industries. Within these broad industries, areas of focus may include: Financial news websites and other forms of “new media”, Investment research providers, Financial PR, IR, design and marketing agencies, Production studios and visual content prov
Companies: BSE CFX DPP EOG SEE SOLI SML
Dish of the day
While we were away:
Unigel Group (AQSE:UNX) joined the Access Segment of the Aquis Growth Market on 26, August 2022.
Zamaz plc (ZAMAZ.L) joined the Standard Segment of the Main Market via a direct listing on 2 September 2022.
Leavers: Scottish Investment Trust (SCIN.L) left the Main Market today.
What’s cooking in the IPO kitchen?**
Aurrigo Group plc, a international provider of transport technology solutions, intends to join AIM. The Group designs, engineers, manufactur
Companies: SCE SPA POW JNEO AVCT
Dish of the day
No joiners today.
Leavers: Stanley Gibbons Group has left AIM.
What’s cooking in the IPO kitchen?**
Critical Metals plc, a company established to acquire mining opportunities in the critical and strategic metals sector, is to be re-admitted onto the Main Market under the ticker “CRTM”, following the proposed acquisition of a 57% interest in Madini Occidental Limited, which holds an indirect 70% interest in the Molulu copper/cobalt project located in the Democratic Republ
Companies: VRCI ACSO AXL CRU DEST EQLS LOOP SOLI THR TRX
CAP-XX released Interim Results for the six months ended 31 December 2021. Revenues were up 14% on H1/FY21 driven by product sales which were up 40% YoY but offset by the absence of royalty or license revenue in the period. EBITDA loss and Adjusted EBITDA loss were A$0.7m and A$0.3m respectfully which were in line with expectations. The company finished the period with cash reserves as at 31 December 2021 of A$5.1m which was in line with our expectations after taking into account the repayment o
Companies: CAP-XX Limited