Latest Content

NAHL Group

Continued headwinds

We revise our outlook following continued downward momentum in earnings beyond Management’s expectations. We believe there is further downside risk to forecasts given: competitive pressures in the core PI model; entrance into a competitive market with limited track record; and further property market weakness. Given these headwinds there is limited earnings visibility on a 12-24 month view.

 View

  • 21 Jan 19
  • -
  • -

Cloudcall Group Vianet Group

Technology Year Ahead 2019

With Technology having outperformed broader equity indices – on both sides of the Atlantic - for close to a decade, a perfect storm of US-China/Brexit trade frictions, cautious consumer behaviour and semiconductor earnings peak in the context of weakening macro indicators in the UK and Europe, have brought on a robust correction. We see many of these factors as likely to overspill into 2019, establishing a cautious mood into H1.

 View

  • 21 Jan 19
  • -
  • -

Cloudcall Group

CMD: Capitalising on Momentum

CloudCall’s Capital Markets Day presentations featured a breakdown of 2019’s growth drivers, Q&A sessions with key channel partners Bullhorn and Microsoft, and a breakdown of the group’s SaaS metrics. Our key takeaways are on strength of the Bullhorn partnership, the scale of the opportunity with Microsoft and upsell potential from messaging features. We reiterate our Buy rating; CloudCall is one of our top picks for ’19.

 View

  • 18 Jan 19
  • -
  • -

ARS CAML MOD SOLG NDA BOL UMI VNP

China stimulus boosting demand

China has received a large amount of pessimistic sentiment due to the perceived weakness in the economy from a slowdown in Industrial Production and slowing GDP growth. We believe that China has gone through a planned and necessary set of reforms in 2017 and 2018 and will emerge out of this self-imposed reform chrysalis into a period of infrastructure growth focused on two key dates: 2021 and 2022; the 100th year anniversary of the founding of the Communist Party of China in 2021 and President Xi’s 10th year in office in 2022.

 View

  • 17 Jan 19
  • -
  • -

Cloudcall Group

Robust FY trading update

We believe CloudCall’s strong FY trading update reinforces a compelling combination of US-centric channel partnerships, a low churn/high visibility business model and >30% sales CAGR at a discount to global peers. CloudCall’s shares have fallen 53% off their May’18 peak and now trade on 1.7x 2019E EV/sales. Our confidence in the outlook is growing and we believe the group’s shares remain materially underpriced. We reiterate our Buy rating and look forward to the CMD on 17 January.

 View

  • 15 Jan 19
  • -
  • -

Brighton Pier Group

Trading Update; H1'19

The Group released a trading update this morning for the six months to 31 December, with renewed guidance given for the financial year ended 30 June 2019. Golf continues to trade in line with expectation, with a 7th site due to open in April 2019, with an 8th site due for opening in FY20.

 View

  • 10 Jan 19
  • -
  • -
 

Arden Partners Research and Daily Commentaries

Research Tree offers Arden Partners research, providing ongoing coverage of 103 shares. We offer 677 reports from Arden Partners on Research Tree.

  • Research reports provided by Arden Partners

  • Companies covered by Arden Partners

  • Sectors covered by Arden Partners


Related Content

View the latest research on other companies in the sector. 

BowLeven

Rig contract for Etinde appraisal wells

Etinde announced yesterday afternoon that the operator of its Etinde licence New Age has entered into a rig contract for the jackup Topaz Driller for the drilling of the two planned appraisal wells on the licence in 2018. The contract is for 150 days and spudding of the first well (IM-6) is expected during Q2.

 View

  • 02 Feb 18
  • -
  • -