reports
Form 8.3 - The Vanguard Group, Inc.: International Distributions Servi...
The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: International Distributions Services PLC 25-Apr-2024 / 14:23 GMT/BST FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: The Vanguard Group, Inc. (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For ...
Form 8.3 - The Vanguard Group, Inc.: International Distributions Servi...
The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: International Distributions Services plc 24-Apr-2024 / 13:51 GMT/BST FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: The Vanguard Group, Inc. (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For ...
Form 8.3 - The Vanguard Group, Inc.: International Distributions Servi...
The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: International Distributions Services plc 23-Apr-2024 / 13:56 GMT/BST FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: The Vanguard Group, Inc. (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For ...
Form 8.3 - The Vanguard Group, Inc.: International Distributions Servi...
The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: International Distributions Services plc 22-Apr-2024 / 14:35 GMT/BST FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: The Vanguard Group, Inc. (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For ...
Form 8.3 - The Vanguard Group, Inc.: International Distributions Servi...
The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: International Distributions Services PLC 19-Apr-2024 / 15:22 GMT/BST FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: The Vanguard Group, Inc. (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For ...
Form 8.3 - The Vanguard Group, Inc.: International Distributions Servi...
The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: International Distributions Services plc 18-Apr-2024 / 14:17 GMT/BST FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: The Vanguard Group, Inc. (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For ...
- Liberum Research Team
APH ALLIANCE PHARMA PLC
DPH DECHRA PHARMACEUTICALS PLC
RCDO RICARDO PLC
EZJ EASYJET PLC
KIE KIER GROUP PLC
YNGA YOUNG & CO.'S BREWERY PLC A
PETS PETS AT HOME GROUP PLC
LMP LONDONMETRIC PROPERTY PLC
RMG ROYAL MAIL PLC
SPI SPIRE HEALTHCARE GROUP PLC
FEVR FEVERTREE DRINKS PLC
AJB AJ BELL
BYIT BYTES TECHNOLOGY GROUP PLC
JE00BLR94N79 INVINITY ENERGY
- Liberum Research Team
APH ALLIANCE PHARMA PLC
DPH DECHRA PHARMACEUTICALS PLC
RCDO RICARDO PLC
EZJ EASYJET PLC
KIE KIER GROUP PLC
YNGA YOUNG & CO.'S BREWERY PLC A
PETS PETS AT HOME GROUP PLC
LMP LONDONMETRIC PROPERTY PLC
RMG ROYAL MAIL PLC
SPI SPIRE HEALTHCARE GROUP PLC
FEVR FEVERTREE DRINKS PLC
AJB AJ BELL
BYIT BYTES TECHNOLOGY GROUP PLC
JE00BLR94N79 INVINITY ENERGY
- Gerald Khoo
LIBERUM: International Distributions Services - Climbing a skyscraper...
Things will get worse before they have a chance of getting better for IDS. At Royal Mail, the higher pay costs of the new CWU deal come through ahead of the benefits of working practice changes. Both revenue growth and successful execution are needed and the record on both is poor. GLS faces short-term headwinds from strategic investments. Growing US losses are also a concern. We raise our SOTP-based TP to 180p from 135p but our recommendation remains SELL.
- Liberum Research Team
- Liberum Research Team
- Gerald Khoo
LIBERUM: International Distributions Services - FY results better tha...
The FY loss was smaller than feared, with both divisions ahead of expectations, but no dividend is to be paid. The Royal Mail guidance is broadly similar, but we have doubts about the aim to fully offset the recent two-year pay deal with the agreed working practice changes. GLS guidance is below consensus, reflecting new strategic initiatives, and capex is to be higher. We see downside risks to consensus estimates on balance. Our recommendation remains SELL, with a 135p target price.
- Liberum Research Team
DRX DRAX GROUP PLC
MAB MITCHELLS & BUTLERS PLC
BLND BRITISH LAND COMPANY PLC
EZJ EASYJET PLC
SFE SAFESTYLE UK
SDY SPEEDY HIRE PLC
VTY VISTRY GROUP PLC
SAG SCIENCE GROUP
IKA ILIKA
RMG ROYAL MAIL PLC
OTB ON THE BEACH GROUP
CTEC CONVATEC GROUP PLC
AAL ANGLO AMERICAN
UPR UNIPHAR
ATOM ATOME ENERGY PLC
AT/ ASHTEAD TECHNOLOGY
- Liberum Research Team
- Liberum Research Team
- Liberum Research Team
- Liberum Research Team
- Liberum Research Team
- Liberum Research Team
- Liberum Research Team
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