A director at Keller Group sold 13,756 shares at 1,396p and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showi...
Strong start to the year with first 4 months better than expected. Management is confident, and we leave our earnings estimates unchanged noting upside pressure. We make 4 key points: 1) NEOM is the key driver and should off-set any weakness in US Housing; 2) We expect a strong H1 and introduce H1 estimates which assume an H1:H2 EPS weighting of 45:55; 3) Cash generation is ahead of expectations, and we reduce our FY 23 IAS17 net debt estimate from £212m to £200m or 1.1x net debt/EBITDA; 4) We e...
Liberum's research coverage encompasses more than 300 stocks across 12 pillars. Each quarter we ask our sector teams to list their most and least preferred stocks on a six to 12-month time horizon. Stock selection is largely limited to those names listed in the FTSE 350 and STOXX 600, eliminating less liquid names, and is driven by analysts’ preferences, rather than total shareholder return.
The FY 22 results were in line with our estimates. We make four key points: 1) Our FY 23 PBT bridge suggests that estimates are cautiously set; 2) There is still a significant amount of work to come on NEOM (which de-risks the possible impact of weaker single-family housing volumes in the US) and there are significant additional opportunities in Energy, e.g. LNG facilities and UK nuclear; 3) Our FY 23 IAS17 net debt estimate of £212m, or 1.2x net debt/EBITDA, is within the target range and leave...
FY 22 FD EPS increased 20% to 100.7p, broadly in line with our estimate, with an improved EBIT performance in CC across every division despite a challenging environment. FY 22 net debt (exc. leases) was £218.8m, vs our estimate of £240.3m, partly due to a delay in the payment of US tax. We decrease our FY 23 and FY 24 FD EPS estimates by 4% and 1% as better expected trading is more than offset by increased finance costs. We increase our FY 23 IAS17 net debt estimate from £144m to £212m, or 1.2x ...
The independent financial analyst theScreener just slightly lowered the general evaluation of KELLER (GB), active in the Heavy Construction industry. The title has lost a star(s) at the fundamental level and now shows 3 out of 4 stars. Its exposure to market risk remains nonetheless the same and can be still described as defensive. theScreener slightly downgrades the general evaluation to Slightly Positive for the title on account of the lost star(s). As of the analysis date January 4, 2022, the...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
EM Pullback Opportunity Supporting our global bull market thesis, uptrends remain intact for the major global indexes (MSCI ACWI, ACWI ex-US, EAFE, and EM). At this point, concerns surrounding the Wuhan coronavirus have led to some market setbacks and deterioration in market indicators, however they have not resulted in breakdowns. This is true even for areas of the market most-directly affected, including China (MSCI China) and emerging markets (MSCI EM). For these reasons and, as long as ther...
Currently '(TM) Value Indicator - UK Construction & Materials Sector' is a value analysis of the Construction & Materials super sector of quoted companies on The London Stock Exchange's Main market that provides the user with indicative long-term target prices. The publication is also available on request at
Currently '(TM) Value Indicator - Main Market' is a value analysis of the Basic Resources, Construction & Materials, Telcoms and Utilities sectors of quoted companies on The London Stock Exchange's Main market that provides the user with indicative long-term trading indicators and indicative target prices. The publication is also available on request at
Curently '(TM)Value Indicator - UK construction & materials' is a value analysis of the Construction & Materials super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.
Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term tagrte prices.
Currently '(TM)Valkue Indicator - UK construction & materials' is a value analysis of the Construction & Materials super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.
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