Uk & Ireland Equity Ideas Conference

Total Page：16

File Type：pdf, Size：1020Kb

SAVE THE DATE UK & IRELAND EQUITY IDEAS CONFERENCE FRANKFURT | 5 MARCH 2020 Davy and Peel Hunt would like to invite you to Save the Date for our second joint UK & Ireland Equity DATE Thursday, 5 March 2020 Ideas Conference taking place on Thursday, 5 March 2020 at the Steigenberger Frankfurterhof. This event will host some of the highest quality UK and Ireland listed Mid and Small Cap companies LOCATION from a broad range of sectors. The format is one-on-one and small group meetings. Steigenberger Frankfurterhof Am Kaiserplatz COMPANY SECTOR 60311 Frankfurt am Main FORMAT Ryanair Holdings Airlines 1-1 and small group meetings B&M European Retail Group Consumer REGISTER YOUR INTEREST Ocado Consumer Please click on the relevant link On the Beach Group Consumer below or contact your Equity Sales representative IntegraFin Holdings Financials St. James’s Place Financials REGISTER Cranswick Foods Glanbia Foods DECLINE Greencore Group Foods Genus Healthcare Note: When registering, please UDG Healthcare include your company wish list in Healthcare order of importance, also Uniphar Group Healthcare indicating if 1-1 or small group is preferable Grafton Group Industrials Kingspan Industrials MORE INFORMATION Smurfit Kappa Group Industrials E: [email protected] Victrex Industrials T: +353 1 614 8829 Dalata Hotel Group Leisure Auto Trader Group Media Euromoney Media Glenveagh Properties Real Estate DCC Support Services Boku Technology IQE Technology Sumo Group Technology J&E Davy, trading as Davy, is regulated by the Central Bank of Ireland. Davy is a member of Euronext Dublin and the London Stock Exchange. In the UK, Davy is authorised by the Central Bank of Ireland and authorised and subject to limited regulation by the Financial Conduct Authority. Details about the extent of our authorisation and regulation by the Financial Conduct Authority are available from us on request. For the attention of US clients of Davy Securities, Davy Securities is regulated by the Central Bank of Ireland and is a member of FINRA and SIPC. .

Copy Link

Recommended publications

AIB Group Agrees Pay Deal with Staff, IPO Timing Ireland 09-May Construction PMI 12-May CPI Yoy
Morning Wrap Today ’s Newsflow Equity Research 09 May 2016 Upcoming Events Select headline to navigate to article easyJet Will tomorrow’s cost cutting programme turn Company Events sentiment? 10-May Air France-KLM; April 2016 - Traffic Stats easyJet; Q2 2016 Results Grafton Group; IMS 11-May C & C Group; Q4 2016 Results Dalata Hotel Group Announces new Cork city centre hotel Lufthansa; April 2016 - Traffic Stats 12-May Mondi; Q1 2016 Results SIG; Trading Update Rank Group Trading update due on Thursday Irish Building Materials Construction activity continues to be in growth mode Applegreen Greggs generate robust lfl growth in Q1 Economic Events AIB Group Agrees pay deal with staff, IPO timing Ireland 09-May Construction PMI 12-May CPI YoY United Kingdom 10-May BRC Sales LFL YoY 11-May RICS House Price Balance 12-May Bank of England Bank Rate Bank of England Inflation Report 13-May Construction Output SA YoY United States 13-May Retail Sales Advance MoM U. of Michigan Sentiment Europe 13-May GDP SA YoY Goodbody Capital Markets Equity Research +353 1 6419221 Equity Sales +353 1 6670222 Bloomberg GDSE<GO> Goodbody Stockbrokers (trading as Goodbody) is regulated by the Central Bank of Ireland. For the attention of US clients of Goodbody Securities Inc, this third-party research report has been produced by our affiliate Goodbody Stockbrokers. Please see the end of this report for analyst certifications and other important disclosures. Goodbody Morning Wrap easyJet Will tomorrow’s cost cutting programme turn sentiment? easyJet’s interim results to March are due tomorrow. We forecast a loss of £7m vs consensus Recommendation: Hold profit of £4m.
[Show full text]
October 31St, 2019
Quarter ended October 31, 2019 The New Ireland Fund Performance Data and Portfolio Composition QTR END NAV (unaudited) & MARKET PRICE PERFORMANCE as of 10/31/2019 NAV per share $11.09 10% Market Price $9.06 Discount to NAV -18.30% 5% 12 MONTH RANGE OF PRICES NAV high, 4/22/19 $11.52 0% NAV low, 12/27/18 $9.56 Market Price high, 4/18/19 $9.59 -5% 3 6 1 3 5 10 Incpt mths mths Year Year Year Year Market Price low,12/20/18 $7.76 NAV 8.53% 0.53% 5.38% 2.45% 4.88% 8.60% 7.11% Market Price 5.96% -1.71% 3.81% -0.56% 3.70% 7.99% 5.93% Benchmark^^ 6.15% 1.23% 6.40% 7.73% 7.01% 9.35% 7.06% Source: Fund’s Accounting Agent as of 10/31/19. Past performance is no guarantee of future results. Investment DISTRIBUTIONS returns and principal value will fluctuate and shares when sold, may be worth more or less than original cost. Current performance may be lower or higher than the performance data Most recent* September 27, 2019 quoted. NAV return data includes investment management fees, custodial charges and administrative fees (such as Distribution, most recent $0.1115 Director and legal fees) and assumes the reinvestment of all distributions. The Fund is subject to investment risk, including the possible loss of principal. Returns for less than one year are Cumulative, 12 months $0.444 not annualized. Managed distribution rate 4.0% of Oct 31 NAV ^^The Benchmark is the MSCI All Ireland Capped Index.
[Show full text]
Dalata Hotel Group Agrees to Acquire the Clarion in Sligo Company Events for €13.1M 20-Jan Britvic; Q1 2016 Results J D Wetherspoon; Q2 Trading Update
Morning Wrap Today ’s Newsflow Equity Research 19 Jan 2016 Upcoming Events Select headline to navigate to article Dalata Hotel Group Agrees to acquire the Clarion in Sligo Company Events for €13.1m 20-Jan Britvic; Q1 2016 Results J D Wetherspoon; Q2 Trading Update 26-Jan easyJet; Q1 2016 Results Economic View Business sentiment supports strong Marston's; Ryanair; Q1 IMS growth Banks Fitch reiterates positive outlook on the Irish banks, impairment exposure a concern Kerry Group Unilever sees sales growth in Food division Economic Events Ireland 25-Jan Property Prices MoM United Kingdom 19-Jan CPI YoY CPI YoY 20-Jan Employment Change 3M ILO Unemployment Rate 3 Mths 21-Jan RICS House Price Balance 22-Jan Retail Sales Ex Auto Fuel YoY United States 20-Jan CPI Ex Food and Energy YoY CPI YoY 21-Jan Philadelphia Fed Business Outlook 22-Jan Markit US Manufacturing PMI Europe 19-Jan CPI YoY CPI Core YoY 21-Jan ECB Main Refinancing Rate 22-Jan Markit Eurozone Services PMI Markit Eurozone Composite PMI Goodbody Capital Markets Equity Research +353 1 6419221 Equity Sales +353 1 6670222 Bloomberg GDSE<GO> Goodbody Stockbrokers (trading as Goodbody) is regulated by the Central Bank of Ireland. For the attention of US clients of Goodbody Securities Inc, this third-party research report has been produced by our affiliate Goodbody Stockbrokers. Please see the end of this report for analyst certifications and other important disclosures. Goodbody Morning Wrap Dalata Hotel Group Agrees to acquire the Clarion in Sligo for €13.1m Dalata announced this morning that it has entered into an agreement to acquire the Clarion Recommendation: Buy in Sligo for a consideration of €13.1m, with plans to invest a further €0.75m in a Closing Price: €4.93 refurbishment programme.
[Show full text]
CDP Ireland Climate Change Report 2015
1 CDP Ireland climate change report 2015 Irish Companies Demonstrating Leadership on Climate Change ‘On behalf of 822 investors with assets of US$95 trillion’ Programme Sponsors Report Sponsor Ireland partner to CDP and report writer 2 3 Contents 04 Foreword by Paul Dickinson Executive Chairman CDP 06 CDP Ireland Network 2015 Review by Brian O’ Kennedy 08 Commentary from SEAI 09 Commentary from EPA 10 Irish Emissions Reporting 12 Ireland Overview 14 CDP Ireland Network initiative 16 The Investor Impact 17 The Climate A List 2015 19 Investor Perspective 20 Investor signatories and members 22 Appendix I: Ireland responding companies 23 Appendix II: Global responding companies with operation in Ireland 27 CDP 2015 climate change scoring partners Important Notice The contents of this report may be used by anyone providing acknowledgement is given to CDP Worldwide (CDP). This does not represent a license to repackage or resell any of the data reported to CDP or the contributing authors and presented in this report. If you intend to repackage or resell any of the contents of this report, you need to obtain express permission from CDP before doing so. Clearstream Solutions, and CDP have prepared the data and analysis in this report based on responses to the CDP 2015 information request. No represen- tation or warranty (express or implied) is given by Clearstream Solutions or CDP as to the accuracy or completeness of the information and opinions contained in this report. You should not act upon the information contained in this publication without obtaining specific professional advice. To the extent permitted by law, Clearstream Solutions and CDP do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this report or for any decision based on it.
[Show full text]
Key Themes This Week Major Markets Last Week the Week Ahead
Monday, 22nd June 2020 Key Themes This Week Major Markets Last Week The Week Ahead After it looked like markets were set for a rocky week following an initial 2.5% Value Change % Move decline on Monday morning, global equity markets resumed their upward trajectory to finish circa 3% higher on the week. Within this move higher, Dow 25,871 265.9 1.04% normal order was restored, as technology regained the upper hand in performance terms over value stocks, while growth stocks also achieved a S&P 3,098 56.4 1.86% degree of outperformance. And so one of the most impressive, but mistrusted Nasdaq 9,946 357.3 3.73% rallies in recent stock market history continues apace with the S&P 500 now almost 45% above its mid-March lows, and the NASDAQ Composite once again testing all-time highs. MSCI UK 14,065 492.9 3.63% As has been the case with this impressive 3 month market rally, this recovery DAX 12,331 381.4 3.19% from a weak opening session to the week was down to the Fed with its announcement last Tuesday that as well as buying corporate bond ETF’s as ISEQ 6,175 265.9 4.50% part of its enormous asset purchase programme, it would also buy individual bonds, subject to specific criteria. This surprise move was significant firstly, because the Fed is now venturing into areas of market support never seen Nikkei 22,437 906.3 4.21% before from the central bank, but also by buying investment grade bonds and potentially some high yield paper, it was providing a mechanism to contain the Hang Seng 24,435 658.3 2.77% yield spread between investment grade & sub-investment grade paper and the risk free US 10 Year Treasury yield.
[Show full text]
Transforming Dublin
Hibernia REIT plc Annual Report 2018 Annual Report Transforming Dublin Annual Report 2018 About us Hibernia is a Dublin- focused REIT, listed on Euronext Dublin and the London Stock Exchange, which owns and develops Irish property. All of our €1.3bn portfolio is in Dublin and we specialise in city centre offices. We aim to use our knowledge and experience of the Dublin property market, together with modest levels of leverage, to generate above average long-term returns for our shareholders. We focus on improving buildings at appropriate times in the property cycle and growing income: our portfolio is mainly a mix of regenerated properties and assets held for future repositioning. Clockwise from top left: 1SJRQ under construction 1WML 2WML (CGI) 2DC Clanwilliam Court 1 Cumberland Place Phase II (CGI) Hibernia’s Management Team at 1SJRQ Hibernia REIT plc Annual Report 2018 Strategic report Governance Financial statements Contents Strategic report IFC About us 02 Our business at a glance 03 Our portfolio 04 Why Dublin? 06 Chairman’s statement 08 CEO’s statement 12 Market review 14 Business model 16 Strategic priorities 18 Key performance indicators 19 Operational metrics 20 Strategy in action 24 Operational review 24 – Portfolio overview 26 – Acquisitions and disposals 28 – Developments and refurbishments 31 – Asset management 33 – Financial results and position 36 Risk management 40 Principal risks and uncertainties 48 Sustainability Governance 68 Chairman’s corporate governance statement 72 Board of Directors 74 Our Management Team 77 Corporate
[Show full text]
Transforming Dublin
Transforming Dublin Annual Report 2021 Our purpose is to create the best and most efficient spaces for working or living in Dublin, responsibly transforming the fabric of the city and bringing benefits to all stakeholders. Who we are We are the largest Irish real estate investment trust (“REIT”), owning a property portfolio worth €1.4bn, all of which is located in Dublin and which mostly comprises city centre offices. We are listed on the Main Securities Market of Euronext Dublin and the Main Market of the London Stock Exchange. How we do it We use our knowledge and experience of the Dublin property market, together with modest levels of leverage, to upgrade buildings or deliver new ones at appropriate times in the property cycle and to grow our income through active asset management. We also recycle capital, selling assets with limited potential and reinvesting in property with future redevelopment opportunities. Our portfolio is mainly a mix of redeveloped properties held for income and assets held for future repositioning. Where possible, we seek to own clusters of office assets to enhance the facilities and amenities we can provide occupiers. We also have a strong focus on ESG excellence. Read more on pages 20 to 21 1SJRQ, South Docks CONTENTS report Strategic Strategic report Corporate governance Financial statements 2 The year in summary 72 Governance at a glance 132 Independent auditor’s report Governance 4 Five reasons to invest 74 Board of Directors 138 Consolidated income statement 6 Letter from the Chair 76 Senior Management
[Show full text]
Initial Public Offerings Law Review
Law Review Law the Initial Public Offerings Offerings Public Initial Initial Public Offerings Law Review Third Edition Editor David J Goldschmidt Third Edition Third lawreviews © 2019 Law Business Research Ltd Initial Public Offerings Law Review Third Edition Reproduced with permission from Law Business Research Ltd This article was first published in April 2019 For further information please contact [email protected] Editor David J Goldschmidt lawreviews © 2019 Law Business Research Ltd PUBLISHER Tom Barnes SENIOR BUSINESS DEVELOPMENT MANAGER Nick Barette BUSINESS DEVELOPMENT MANAGER Joel Woods SENIOR ACCOUNT MANAGERS Pere Aspinall, Jack Bagnall ACCOUNT MANAGERS Sophie Emberson, Katie Hodgetts PRODUCT MARKETING EXECUTIVE Rebecca Mogridge RESEARCH LEAD Kieran Hansen EDITORIAL COORDINATOR Gavin Jordan HEAD OF PRODUCTION Adam Myers PRODUCTION EDITOR Helen Smith SUBEDITOR Janina Godowska CHIEF EXECUTIVE OFFICER Paul Howarth Published in the United Kingdom by Law Business Research Ltd, London 87 Lancaster Road, London, W11 1QQ, UK © 2019 Law Business Research Ltd www.TheLawReviews.co.uk No photocopying: copyright licences do not apply. The information provided in this publication is general and may not apply in a specific situation, nor does it necessarily represent the views of authors’ firms or their clients. Legal advice should always be sought before taking any legal action based on the information provided. The publishers accept no responsibility for any acts or omissions contained herein. Although the information provided
[Show full text]
October 31St, 2016
October 31, 2016 The New Ireland Fund Performance Data and Portfolio Composition QTR END NAV (unaudited) & MARKET PRICE PERFORMANCE as of 10/31/2016 NAV per share $13.04 20% Market Price $11.65 15% Discount to NAV -10.66% 10% 12 MONTH RANGE OF PRICES 5% NAV high, 12/7/15 $17.24 0% NAV low, 6/27/16 $12.03 -5% Market Price high, 12/23/15 $15.11 -10% 3 Fscl 1 3 5 10 Incpt mths YTD Year Year Year Year Market Price low, 6/27/16 $11.05 NAV -0.30% -5.66% -5.66% 6.51% 15.35% 1.38% 7.65% Market Price 0.16% 1.08% 1.08% 7.43% 15.17% 0.84% 6.90% Benchmark^^ -2.70% -6.58% -6.58% 4.44% 13.45% -0.30% 7.35% Source: Fund’s Accounting Agent as of 10/31/16. Past performance is no guarantee of future results. Investment DISTRIBUTIONS returns and principal value will fluctuate and shares when sold, may be worth more or less than original cost. Current performance may be lower or higher than the performance data Most recent* September 13, 2016 quoted. NAV return data includes investment management fees, custodial charges and administrative fees (such as Director and legal fees) and assumes the reinvestment of all Distribution, most recent $0.28912 distributions. The Fund is subject to investment risk, including the possible loss of principal. Returns for less than one year are Cumulative, 12 months** $1.24887 not annualized. Managed distribution rate** 8.0% of FYE NAV^ ^^The Benchmark is the MSCI All Ireland Capped Index.
[Show full text]
The New Ireland Fund, Inc. Portfolio Manager Commentary Quarter Ending October 31, 2019
The New Ireland Fund, Inc. Portfolio Manager Commentary Quarter Ending October 31, 2019 Performance Review The New Ireland Fund, Inc.’s (“Fund”) returns are summarized in the table below. Period to October 31, 2019 Benchmark* IRL NAV IRL NAV Return Return Return Relative to Benchmark Quarter +6.15% +8.53% +2.38% Six months +1.23% +0.53% -0.70% 1 year +6.40% +5.38% -1.02% 3 years +7.73% +2.45% -5.28% 5 years +7.01% +4.88% -2.13% Since inception +7.06% +7.11% +0.05% *Benchmark is the MSCI All Ireland Capped Index (“MSCI Ireland”) from August 1, 2015. Prior to July 31, 2015 the benchmark was the Irish Stock Exchange Index (“ISEQ”). Prior to July 31, 2011 it was the ISEQ ex Bank of Ireland. Investment Overview Portfolio The Fund has posted a very positive quarter returning 8.53% and ahead of the benchmark by 238 basis points. Of note, the Fund’s NAV return is now in positive territory over every period in the table above. All in all, a very positive turnaround helped by positive signs surrounding US- China trade, and of direct relevance to Ireland, Brexit clouds lifting. Top performers for the quarter saw a mix of cyclical names such as Ryanair, Glenveagh and Dalata perform strongly alongside names driven more by M&A such as Amryt and Flutter. Flutter announced their proposed merger with Toronto based Stars Group to become the largest on-line gaming company globally. On the negative side defensive names such as Covanta underperformed as did Glanbia, Mincon and AIB Group all of who had relatively downbeat earnings reports.
[Show full text]
Strong Financial Position for Recovery and Growth Ise: Dhg Lse: Dal
HY 2020 Interim Results STRONG FINANCIAL POSITION FOR RECOVERY AND GROWTH ISE: DHG LSE: DAL Dublin and London | 1 September 2020: Dalata Hotel Group plc (“Dalata” or the “Group” or the “Company”), the largest hotel operator in Ireland with a growing presence in the United Kingdom, announces its results for the six-month period ended 30 June 2020. Results Summary Post IFRS 16 (as reported) Pre IFRS 161 Variance on Variance on €million H1 2020 H1 2019 H1 2020 H1 2019 Revenue 80.8 (60.0%) 80.8 (60.0%) Segments EBITDAR1 15.6 (80.9%) 15.6 (80.9%) Adjusted EBITDA1 10.1 (86.2%) (5.3) (108.8%) Loss before tax (70.9) (287.7%) (63.4) (250.2%) Basic loss per share (cents) (34.0) (292.1%) (31.1) (257.3%) Adjusted basic loss per share1 (cents) (13.1) (176.2%) (10.4) (153.7%) Key performance indicators1 H1 2020 H1 2019 Occupancy % 34.3% 80.2% Average room rate (€) 95.28 110.30 RevPAR (€) 32.69 88.48 RESILIENT OPERATING PERFORMANCE • Swift and decisive response to Covid-19 pandemic to protect our people, cash and business • Launch of accredited Dalata Keep Safe Programme • Proactive cost reductions minimised cash utilisation during period of low occupancies STRONG BALANCE SHEET PROVIDES STABILITY AND OPPORTUNITY • Cash/available facilities increased by €13 million from €162 million in December 2019 to €175 million in June 2020 • Cash of €110 million and undrawn committed debt facilities of €111 million at the end of August • Asset backed balance sheet with hotel assets of €1.2 billion in prime locations • Net Debt to Adjusted EBITDA pre IFRS 161 of 4.9x at 30 June 2020 (post IFRS 161: 7.4x) ANNOUNCING TODAY • Signed agreement for lease for two new hotels in Brighton and Manchester PROTECTING AND DRIVING SHAREHOLDER VALUE DESPITE CHALLENGES • Sale and leaseback of Clayton Hotel Charlemont, Dublin for €65 million • Exciting pipeline of close to 3,300 rooms in excellent locations 1 See Supplementary Financial Information which contains definitions and reconciliations of Alternative Performance Measures (“APM”) and other definitions.
[Show full text]
Irish Foodservice Market Directory
Irish Foodservice Market Directory NOVEMBER 2019 Growing the success of Irish food & horticulture bordbia.ie TABLE OF CONTENTS Page IRISH FOODSERVICE MARKET DIRECTORY Introduction 5 How to use the Directory 5 Methodology 6 TOP 10 PRODUCER TIPS FOR BUILDING A SUCCESSFUL FOODSERVICE BUSINESS 7 FOODSERVICE MAP 9 COMMERCIAL CHANNELS 11 QUICK SERVICE RESTAURANTS (QSR) 13 AIL Group 14 Camile Thai 17 Domino’s Pizza 19 Freshly Chopped 22 IPC Europe (Subway®) 24 McDonald’s 26 Supermac’s 28 Forecourt Convenience 31 Applegreen 32 Circle K 35 Maxol 38 FULL SERVICE RESTAURANTS (FSR) & PUB GROUPS 41 Avoca 42 Brambles 45 Donnybrook Fair 48 Eddie Rocket’s / Rockets Restaurants 50 Entertainment Enterprise Group 53 Gourmet Food Parlour 54 Fallon & Byrne *NEW 57 Happy Pear (The) 59 JD Wetherspoon 61 Le Pain Quotidien 63 Michael JFWright Hospitality Group *NEW 66 Press Up Entertainment Group 69 Sprout & Co. 73 Wagamama 74 COFFEE SHOPS 77 Butlers Chocolate Cafés 78 Caffè Nero 81 Esquires Coffee House 84 Insomnia 86 Itsa 89 KC Peaches Cafes and Catering 92 MBCC Foods (Ireland) Ltd. T/A Costa Coffee 95 HOTELS 97 Dalata Hotel Group PLC 98 Doyle Collection (The) 103 1 Limerick Strand Hotel 105 O’Callaghan Collection *NEW 108 Talbot Collection (The) 111 Tifco Hotel Group 114 Windward Purchasing Ltd. 117 Technology 119 Access Procure Wizard *NEW 120 Group Purchasing 123 First Choice Purchasing 124 Trinity Hospitality Services 126 LEISURE/EVENTS 129 Feast 130 Fitzers Catering Ltd 132 John Coughlan Catering 135 Masterchefs Hospitality 137 Prestige Catering Ltd 140 With Taste 142 TRAVEL 145 Aer Lingus Catering 146 EFG Catering 150 HMSHost Ireland Ltd 153 Irish Ferries 155 Retail inMotion 158 SSP Ireland 161 INSTITUTIONAL (COST) CHANNELS 163 BUSINESS & INDUSTRY (B&I) 165 Aramark Northern Europe 166 BaxterStorey Ireland 169 Brook Foods 171 Compass Group Ireland 174 Corporate Catering Services Limited 176 Food Space 179 Gather & Gather 182 ISS Catering 185 KSG 187 Mount Charles Ireland 190 Q Café Co.
[Show full text]