Latest Content

Raven Russia

Girding the loins

Raven Russia is strengthening its balance sheet further while eyeing acquisition possibilities and other developments.

 View

  • 15 Jun 17

Carclo

High growth healthcare/engineering stock trading >30% below SOTP valuation

You don’t have to be a ‘Silicon Valley’ tech startup to deliver double-digit top line growth. Carclo – an innovative designer and manufacturer (70% non-UK sales) of complex plastic parts, cables and premium LEDs (see below) to the healthcare and engineering sectors - has been doing exactly this for years.

 View

  • 15 Jun 17

Impax Asset Management Group

No trumping AUM growth

With the addition of £500m to AUM, Impax closed another strong month. That brought total AUM to £6.5bn, c 8% growth in May, and recent momentum (from £4.2bn at end Sep 2016) suggests that efforts to build the scale and profile of Group funds and investment expertise in target markets have gained traction.

 View

  • 12 Jun 17

VP

Making all the right moves

“Form is temporary, but class is permanent” is a sporting truth that equally applies to the corporate world, describing those companies that consistently outperform. One such stock is Vp, who today issued another “excellent” set of results. FY17 PBTA and EPS coming in at £34.9m (+17%) and 69.5p (+12%) respectively, with the dividend hiked up 17% to 22p on the back of 16% ROCE - once again in excess of the Board’s stretching ‘through-cycle’ goal of 15%.

 View

  • 06 Jun 17

Watkin Jones

Graduating with honours

Watkin Jones has reported a robust set of interim results with PBT, EPS and DPS coming in ahead of our expectations. This company operates in two of the hottest areas of residential real estate, namely purpose-built student accommodation (PBSA) and build to rent sector (BTR) and it operates a lower risk model. Therefore we believe it should trade at a bigger premium to other housebuilders.

 View

  • 02 Jun 17

Fastjet

Major turnaround taking shape

Investing in airlines has always been a hazardous game, given the industry’s notoriously poor record of capital allocation, cyclicality and exposure to geopolitics, terrorism and the oil price. The former contributing towards the eye-watering bankruptcies at Sir Freddie Laker’s SkyTrain and PanAm back in the 1980/90s, in addition to US, Northwest and American airlines post 2000. Worse still, carriers are today right in the cross-hairs when things go wrong, as demonstrated by British Airways’ public relations fiasco at Heathrow and Gatwick last weekend. Nonetheless, real improvements are being made, with stronger management forcing through capital discipline and more flexible cost structures, alongside greater demand from emerging market tourists, who are increasingly opting to travel abroad.

 View

  • 01 Jun 17
 

Equity Development Research and Daily Commentaries

Research Tree offers Equity Development research, providing ongoing coverage of 43 shares. We offer 198 reports from Equity Development on Research Tree.

  • Research reports provided by Equity Development

  • Companies covered by Equity Development

  • Sectors covered by Equity Development


Related Content

View the latest research on other companies in the sector. 

Fastforward Innovations

Firing on all cylinders

Being able to consistently deliver out-sized investment returns, is all about managing risk and finding high quality, growth stocks at the right price. We’ve seen this already in 2016 with many such smallcaps, like Keywords Studios, Fevertree Drinks, Boohoo, GW Pharmaceuticals and Tristel. Another stock we think that in due course could join this select band, is FastForward (up 100% since mid Oct’15) which invests exclusively in rapidly expanding technology firms. Today FFWD holds non-controlling positions in nine such privately owned businesses, which we understand are all either meeting or exceeding their internal plans. Here, progress was said to be “incredibly positive and very encouraging” yesterday, with updates being released in relation to three of them.

 View

  • 30 Nov 16
  • -
  • -