Household Goods & DIY equity research

Explore the most viewed and latest equity research and media content for companies within the Household Goods & DIY sector. Stocks in this sector include those who specialise in: decoration, furnishing, durable & non-durable home products, and DIY.

Household Goods & DIY equity research

Explore the most viewed and latest equity research and media content for companies within the Household Goods & DIY sector. Stocks in this sector include those who specialise in: decoration, furnishing, durable & non-durable home products, and DIY.

  • 18 Jul 18

Quarterly Research Outlook

In Q2, UK equities regained some of their poise after the draw down in Q1, although uncertainty around Brexit continued to grab the headlines. On the back of this, investor concern about the UK economy has been understandable in recent months given a number of negative data points. However, we see reasons for optimism for UK Plc with wage growth supporting an improving outlook for the consumer and business investment holding up. That said, continuing UK political disruption clearly remains a risk going forward.

Companies: AMER EMR HMI JOG PDG ABBY AMS AVON BLVN PIER CGS CALL CSRT TIDE DTG DEMG ELM EMR FPM FPO GTLY GENL GOR GEEC HDY HMI HAYD HEAD HILS HTG HUR IBPO IOG INDI JHD JOG LAM MACF MKLW NAH OXIG PCA PKG CAKE PDG RBW REDD RSW RNO RKH ROR SUS SCPA SHG SIV TRAK TRI VTC ZTF

  • 04 Jul 18

UK Housebuilding Sector in 2Q 2018

This VAR was conceived in 2010 by the Royal Netherlands Football Association (KNVB) but it was seven years later, in April 2017, that it had its professional club competition debut in the A-League in Australia in a match between Melbourne and Adelaide.

Companies: CSP WJG TEF ABBY INL CRST BWY MCS BKG

  • 02 Jul 18

H1 Review

Best Ideas - 2018 H1 Review

Companies: SAA VP/ GLE AMO IOM HSP CVSG EKF PGIT VRP RLM AVG SOG DNLM SFR YU/ CBP

  • 18 Jul 18

Trading update – no change to forecasts

The pre-close update highlights a sustained pattern of revenue decline with UK like-for-like decline of 5.5% over H118. Management refer to a soft UK market backdrop affecting revenue in both the residential and commercial sectors and a reduction in orders from its largest customer.

Companies: Headlam Group
  • 12 Jul 18

Telford Homes - Consistent messaging

Telford Homes’ latest update is consistent with management comments accompanying FY18 results and the company is on track to deliver further progress in FY19. The share price has not kept step with business performance, perhaps influenced by wider cyclical sentiment. Project portfolio newsflow is likely to remain positive, and this should serve to re-connect internal progress and investor returns in our view.

Companies: Telford Homes
  • 24 May 18

Strong performance from quality – 11 focus stocks

We have refreshed our quality style screen for the second time and report on style performance since the last refresh in October. Performance has been very strong, outperforming the small-cap index by c.1600bps (weighted basis) and c.1000bps (unweighted). There has been volatility with the market and this style has yet to be tested in a concerted down market, but in a flat or rising market quality appears to be a successful investment style in small-caps. We have highlighted 11 focus stocks in the new screen and will report back again on performance when we next refresh the screen in about 5-6 months’ time.

Companies: LIO GHT AMO CHH ZYT DOTD GTLY RIV FCRM TAM PAM

  • 09 Apr 18

UK Housebuilding Sector

This ominous-sounding term originated from the work of famed Swedish meteorologist, Tor Bergeron (1897-1977), but it only entered popular vernacular this year – and there have been ample opportunities in 2018 to use it.

Companies: ABBY BDEV BWY BKG BVS CRN CSP CRST GLE INL MCS PSN RDW SPR TW/ TEF WJG

  • 25 May 18

AGM trading update ; UK organic revenues -6.3%

Headlam have confirmed a difficult start to FY18 reflecting the softening UK retail environment and a customer specific issue; organic revenues have shrunk 6.3% in the first four months which is, therefore, still tracking meaningfully behind our estimate of a 2.0% decline in organic UK revenues in FY18. Whilst May has improved and self-help measures will benefit gross returns, we are again trimming our estimates to more conservative assumptions. The key period will, as ever, be the seasonally busy Autumn period and we expect the shares will remain subdued pending confirmation of trading trends in the latter part of the year.

Companies: Headlam Group
  • 12 Jul 16

‘Billions’ - UK Housebuilding Sector - Q2: Summer 2016

The pilot episode of the much-hyped new TV series ‘Billions’ raked up almost three million viewers on debut in January of this year, which was a new record for Showtime. It is a sort of ‘Wall Street’ for a post Global Financial Crisis (GFC) audience. Damian Lewis heads the cast together with Paul Giamatti - and, the often parsimonious, IMDb has awarded the programme a premium 8.4 score. Lewis’s character Bobby Axelrod is an ambitious hedge fund manager and the sole survivor of the part-eponymous, Axe Capital, during the 9/11 attacks. Bobby is clever, charismatic and charitable (but not whiter than white). He is also very rich, lives in a nice house and knows what ‘billions’ is/are - and has a few himself; albeit these billions tend to slip in and out of his grasp, as is their wont. The UK Housebuilding Sector is also ambitious and survived the collapse of Lehman Brothers and the ensuing Global Financial Crisis. Similarly, it is smarter and wealthier than it has ever been; and, yes, charitable but not atramentous. It is also in award- winning form, which is a good job as it acts out another palpable crisis - the Brexit vote - and a £9 billion loss of value in six trading days. But do not despair.

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  • 22 Nov 17

Acquisition of Keraben Grupo

Victoria has acquired Keraben Grupo S.A. a high-margin European manufacturer of mid-high end branded floor and wall ceramic tiles. Keraben is forecast to have a material impact on profitability and we now forecast 25% 3-year adj. EPS CAGR compared with 18% pre-acquisition.

Companies: Victoria
  • 20 Apr 18

Q4 Trading Update

IG Design Group continues to provide the desirable combination of top-line growth, margin expansion and cash generation. It pursues new categories and distribution channels and tightly controls costs in order to generate maximum returns. The Q4 trading statement confirms that the business is progressing in line with current management expectations and delivering on prior commitments in terms of investment, integration synergies from M&A, reduction in average gearing and organisational improvements.

Companies: IG Design Group
  • 11 Jun 18

Final Results

IG Design Group have today announced final results for FY2018. All the financials were in line with our expectations with fully diluted and adjusted EPS of 21.8p. The final dividend of 4.0p is 0.5p higher than our forecast. The Group continued with its strategy of growth through organic product and market diversification, combined with strategic M&A. This fuelled underlying revenue growth of 5.8% and EBIT margin expansion to 7.0%. The Group’s strong market position combined with a target adjusted EBIT margin of 8% and a more advantageous effective tax rate of 24% (from 28.3%), has led us to upgrade our forecast EPS to 25.0p from 23.6p for FY2019E and to 27.3p from 25.5p for FY2020E. We also increase our dividend forecast to 7.25p from 6.5p for FY2019E and 8.5p from 7.5p for FY2020E.

Companies: IG Design Group
  • 18 Apr 18

FY18 Trading Update

IG Design Group plc (“DG”) has released a trading update indicating that 2018E is in line with expectations - thereby implying impressive YoY revenue and adjusted operating profit growth of +5% and +24% respectively. There has been a corresponding improvement in reported gross margin (21.2% 2018E) as operational efficiencies and the synergistic benefits of recent M&A activity continue to substantiate. Following upgrades to adjusted EPS at the time of the Q3/18 trading update (2018E +7.5%, 2019E +4%), our headline 2018/9E forecasts remain unchanged.

Companies: IG Design Group
  • 30 Apr 18

Interim Results

Despite disappointing Interim Results, UPG continues to demonstrate good prospects for a recovery in growth in 2019E. While this may not be fully reflected in the share’s performance until evidence of the green shoots of recovery becomes apparent, the shares do offer an appealing, cash-supported, 2018E dividend yield of 6.7%.

Companies: Up Global Sourcing
  • 27 Jun 18

AGM update; trading remains challenging but anticipated outturn unchanged

Walker Greenbank (WGB) – Corporate – AGM update; trading remains challenging but anticipated outturn unchanged | UK Oil & Gas (UKOG) – Corporate – HH-1 Testing to Commence | i3 Energy (I3E) – Corporate – Grant of exclusivity to a potential farminee | Cadence Minerals (KDNC) – Corporate – Earn in into advanced lithium project in Zimbabwe

Companies: WGB UKOG I3E KDNC

  • 30 May 18

Telford Homes - Full Year Results

telford-homes-full-year-results-30-05-2018
  • 20 Dec 17

Telford Homes - Acquisition of prominent site in Walthamstow

telford-homes-acquisition-of-prominent-site-in-walthamstow-20-12-2017
  • 11 Jun 18

IG Design Group (IGR) Full year results 2018

ig-design-group-igr-full-year-results-2018-11-06-2018
  • 05 Jun 17

Telford Homes - Significant build to rent development in partnership with Greystar

telford-homes-significant-build-to-rent-development-in-partnership-with-greystar-05-06-2017
  • 18 Apr 18

Telford Homes - Trading Update

telford-homes-trading-update-18-04-2018
  • 05 Apr 17

Telford Homes - Trading update

telford-homes-trading-update-05-04-2017
  • 18 Apr 18

IG Design Group (IGR) Investor presentation April 2018

ig-design-group-igr-investor-presentation-april-2018-18-04-2018
  • 29 Mar 17

Telford Homes Plc - Fourth Build to Rent sale for £53.7m

telford-homes-plc-fourth-build-to-rent-sale-for-53-7m-29-03-2017
  • 28 Nov 17

IG Design Group (IGR) H1 results November 2017

ig-design-group-igr-h1-results-november-2017-28-11-2017
  • 12 Oct 16

Telford Homes - Trading Update

telford-homes-trading-update-12-10-2016
  • 29 Jun 16

IG Design Group (IGR) Preliminiary results March 2016

ig-design-group-igr-preliminiary-results-march-2016-29-06-2016
  • 07 Oct 16

finnCap - Victoria, Initiation of coverage

Premium

finncap-victoria-initiation-of-coverage-07-10-2016
  • 11 Oct 17

Telford Homes - Trading update

telford-homes-trading-update-11-10-2017
  • 29 Jun 16

IG Design Group - Preliminary results for the year ended 31 March 2016

ig-design-group-preliminary-results-for-the-year-ended-31-march-2016-29-06-2016
  • 04 Jul 17

Executive interview - IG Design Group

executive-interview-ig-design-group-04-07-2017

Latest Content

HMIAPCAVONCSRTCGSTIDEELMFPOHEADHILSHTGAMSMACFMPACMKLWOXIGPKGSNXSCPARSWRNOSUSSIVTRIVTCZTFFPMDEMGAMOEMRBLVNHDYBGOSHGRKHJHDTRAKDTGLAMPDGLSAICALLHURIOGPCAEUSPCDMPIERHAYDFDMREDDCAKENAHSPERORGTLYECSCGETBFUTRGORINDIIBPORBWABBYKETLJELGENLABCBGEEC

Most popular equity research this week | 16 - 20 July

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  • 20 Jul 18
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Electrolux

Impacted by higher raw material costs

Electrolux had a mixed Q2 18 with low organic sales growth (+0.4%), impacted by the collapse in organic sales in Major Appliances North America and a decrease in the operating margin (before provisions) by 1pt to 5.2% of sales. Electrolux was penalised by higher raw material costs and adverse currency fluctuations that were not offset by selling price increases and cost savings.

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  • 19 Jul 18
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Headlam Group

Trading update – no change to forecasts

The pre-close update highlights a sustained pattern of revenue decline with UK like-for-like decline of 5.5% over H118. Management refer to a soft UK market backdrop affecting revenue in both the residential and commercial sectors and a reduction in orders from its largest customer.

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  • 18 Jul 18
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AMER EMR HMI JOG PDG ABBY AMS AVON BLVN PIER CGS CALL CSRT TIDE DTG DEMG ELM EMR FPM FPO GTLY GENL GOR GEEC HDY HMI HAYD HEAD HILS HTG HUR IBPO IOG INDI JHD JOG LAM MACF MKLW NAH OXIG PCA PKG CAKE PDG RBW REDD RSW RNO RKH ROR SUS SCPA SHG SIV TRAK TRI VTC ZTF

Quarterly Research Outlook

In Q2, UK equities regained some of their poise after the draw down in Q1, although uncertainty around Brexit continued to grab the headlines. On the back of this, investor concern about the UK economy has been understandable in recent months given a number of negative data points. However, we see reasons for optimism for UK Plc with wage growth supporting an improving outlook for the consumer and business investment holding up. That said, continuing UK political disruption clearly remains a risk going forward.

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  • 18 Jul 18
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Husqvarna

Deterioration in margins, the end in Consumer Brands

Despite satisfactory organic sales growth excluding Consumer Brands in Q2 18 (+6% at Husqvarna, +12% at Gardena, +8% in the Construction business), the operating margin deteriorated (-1.8pts to 13.5% of revenue). Management decided to stop wasting time and investments for a hypothetical recovery of the Consumer Brands. The disposal of the non-profitable activities and the integration of the remaining operations in the Husqvarna and Gardena divisions are planned. This is a positive process that could take time.

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  • 17 Jul 18
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Telford Homes

Telford Homes - Consistent messaging

Telford Homes’ latest update is consistent with management comments accompanying FY18 results and the company is on track to deliver further progress in FY19. The share price has not kept step with business performance, perhaps influenced by wider cyclical sentiment. Project portfolio newsflow is likely to remain positive, and this should serve to re-connect internal progress and investor returns in our view.

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  • 12 Jul 18
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SEEBWYIOMSOGAVGTEFEKFPGITAMOSAABKGHSPTRAKDNLMZOOINLSFRCVSGRLMCRSTFDEVWJGKMKGLECBPMCSCSPYU/VRPABBYPLUSPTEC

Most popular equity research this week | 2 - 6 July

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  • 06 Jul 18
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MJ Gleeson

LIBERUM: MJ Gleeson Group* - Raised TP to reflect sustained growth in Homes

Gleeson's year end trading update shows that Homes has continued to show rapid growth, with volumes up over 20% and Strategic Land has continued to enjoy buoyant demand. We leave estimates unchanged, but the pipeline of sites in Homes and Strategic Land gives us confidence in the outlook.

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  • 05 Jul 18
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MJ Gleeson

Morning Song

MJ Gleeson (GLE LN) Strong conclusion to FY18, first stride towards 2,000 home target

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  • 05 Jul 18
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Churchill China Gresham Technologies

Morning Song

Churchill China (CHH LN) Positive H1 update supports upgrades | Gresham Technologies (GHT LN) H1 trading update + earnings-enhancing acquisition

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  • 04 Jul 18
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