Latest Content

Gear4music

Profitability Takes Centre Stage

Gear4music is clearly in a far better position than at the start of the current calendar year. Interim results indicate that ahead of peak trading G4M is not only enjoying volume growth, but is also better placed to execute. Focus in H2 will be on margin restoration at some expense of sales. We adjust numbers accordingly. In our view, investors should focus on profit growth rather than sales. Moreover, we note the company’s arguably undemanding valuation.

 View

  • 12 Nov 19
  • -
  • -

Gattaca

Shares could double over next 3 years

Today corporates are having to dodge numerous bullets – not least Brexit, fears over a synchronised global slowdown, US-China trade tensions and a General Election. Little wonder therefore that UK business investment fell -1.4% YoY in Q2’19.

 View

  • 06 Nov 19
  • -

UPGS FY Results November 2019

upgs-fy-results-november-2019-06-11-2019
  • 06 Nov 19
  • 0.00

Up Global Sourcing

Execution strength fuels growth

Excellent execution underpinned a strong recovery year for UPGS in FY2019, which augurs well for future growth. Headline results confirm the company’s 9 th September trading statement. Detailed sales data reflect the company’s ability to enhance core domestic growth with strong progress in both international and online. In our view, growth should remain positive in FY2020.

 View

  • 05 Nov 19
  • -
  • -

Watkin Jones

How to have your cake and eat it

Often investors are faced with the difficult decision of having to choose between growth and value. Rarely is it possible to get the best of both worlds, but we think Watkin Jones is one such stock. Not only do the shares trade on a FY20 adjusted PER (ex cash) of 12.0x and pay a 3.6% dividend yield. But also the firm is benefiting from long term tailwinds in its 2 key markets of Build to Rent (BtR) & student accommodation (PBSA). In turn, offering opportunities much larger than we’d previously thought.

 View

  • 05 Nov 19
  • -

KRM22

Positive progress on sales & cost reduction

Ex rockstar fund manager, Neil Woodford, has a lot to answer for. Not just the poor performance of his investments, but also the resultant contagion that has filtered through the wider investor community. Be that at the platform/IFA level (eg Hargreaves Lansdown, St James’s Place) - or even within the smallcap arena, where there has recently been a noticeable reticence to put new money to work.

 View

  • 31 Oct 19
  • -
 

Equity Development Research and Daily Commentaries

Research Tree offers Equity Development research, providing ongoing coverage of 59 shares , as well as macro-economic categories including: Indices and Markets. We offer 470 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
  • -
  • -