reports
- Toby Thorrington
Building a robust platform for growth - FY24 pre-close statement
Against a tough trading background in FY24, Speedy Hire has taken steps to build a platform for long term sustainable growth through the launch of its Velocity strategy. While progress has been more strategic than financial in the year – although we note positive underlying cash flow was achieved - new business wins, the acquisition of Green Power Hire and a transitioned B&Q model all suggest that profitability is likely to move ahead again from FY25 onwards. Speedy’s FY24 pre close statement e...
Speedy Hire: 3 directors
Three Directors at Speedy Hire bought 280,000 shares at between 25p and 25p. The significance rating of the trade was 52/100. 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 ye...
Ashtead Group: 1 director
A director at Ashtead Group sold 150,000 shares at 5,174p and the significance rating of the trade was 77/100. 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 sho...
- 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
Hybridan Small Cap Feast - 03 May 23
3rd May 2023 @HybridanLLP Status of this Note and Disclaimer This document has been issued to you by Hybridan LLP for information purposes only and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any security or other financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action. This document has no regard for the specific investment objective...
- Liberum Research Team
- Liberum Research Team
LIBERUM: Analyst Best Ideas - Most & Least Preferred Ideas from Liberu...
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.
J2B EXPERIAN PLC
AHT ASHTEAD GROUP PLC
KLR KELLER GROUP PLC
MGAM MORGAN ADVANCED MATERIALS
7CT CENTAMIN PLC
HVO HVIVO
ABDP AB DYNAMICS
CARD CARD FACTORY
DOM DOMINO'S PIZZA GROUP PLC
OCI OAKLEY CAPITAL INVESTMENTS
RMG ROYAL MAIL PLC
CTEC CONVATEC GROUP PLC
IAG IAG
SSPG SSP GROUP PLC
TRN TRAINLINE PLC
TRR TRIDENT ROYALTIES
- Liberum Research Team
- Liberum Research Team
- Charlie Campbell
- Edward Prest
LIBERUM: Speedy Hire* - FY23 in line & more savings for FY24
Speedy’s trading update for the year ended March 2023 is reassuring as the Board reports that it expects profits for the year to hit consensus expectations. 14% growth in revenues for the year implies a slowing in growth to +10% at the end of FY23. The main driver of revenue growth in the year has been hire rates, which have been improving as the industry has been disciplined in recouping input cost inflation. Net debt closed the year a little better than expected. It also reports that no furthe...
- Liberum Research Team
SFR SEVERFIELD
NEX NATIONAL EXPRESS GROUP PLC
AHT ASHTEAD GROUP PLC
RTN RESTAURANT GROUP PLC
KIE KIER GROUP PLC
FAN VOLUTION GROUP
OCI OAKLEY CAPITAL INVESTMENTS
PAGE PAGEGROUP PLC
TOWN TOWN CENTRE SECURITIES PLC
CTEC CONVATEC GROUP PLC
HMSO HAMMERSON PLC
1B3N THUNGELA RESOURCES LTD
DOM DOMINGUEZ & COMPANIA
- Charlie Campbell
- Edward Prest
LIBERUM: Ashtead - Growth looking increasingly structural
Ashtead’s first guidance on US fleet capex for FY24 is $3.0-3.3bn, which underpins mid-teens US revenue growth. This proves management’s confidence in the structural drivers of growth that Sunbelt is enjoying. Rental penetration keeps rising and US mega-projects drive demand towards the majors. The Sunbelt 3.0 strategy is delivering market share gain by clustering markets and growing specialty rent. The debate rages on about whether Sunbelt’s growth is cyclical or structural, and we see the evid...
- Liberum Research Team
- Joachim Klement
- Susana Cruz
LIBERUM: SAS All Cap Monthly - Breathe a sigh of relief
The UK economic outlook has improved, and energy prices have been much responsible for that. Despite some uncertainty left on this front for winter 23/24, prices are not expected to rise as rapidly as in 2022, thus views on inflation and economic growth have become less pessimistic (ours included) over the last two months. Why? A better energy outlook benefits consumption, business sentiment (thus investment) and eases the burden of fiscal support in 2023.
FGP FIRSTGROUP PLC
BOO BOOHOO GROUP PLC
ANTO ANTOFAGASTA PLC
SRP SERCO GROUP PLC
AHT ASHTEAD GROUP PLC
BBY BALFOUR BEATTY PLC
BYG BIG YELLOW GROUP PLC
ASC ASOS PLC
PLUS PLUS500 LTD.
RMG ROYAL MAIL PLC
RIO RIO TINTO PLC
CTEC CONVATEC GROUP PLC
XPS XPS PENSIONS GROUP
DOM DOMINGUEZ & COMPANIA
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