DOCSLIB.ORG

Brewin Dolphin Holdings BRW Investment Banking and Brokerage Services — GBP 3.505 at Close 18 June 2021

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Brewin Dolphin Holdings BRW Investment Banking and Brokerage Services — GBP 3.505 at Close 18 June 2021 FTSE COMPANY REPORT Share price analysis relative to sector and index performance Brewin Dolphin Holdings BRW Investment Banking and Brokerage Services — GBP 3.505 at close 18 June 2021 Absolute Relative to FTSE UK All-Share Sector Relative to FTSE UK All-Share Index PERFORMANCE 18-Jun-2021 18-Jun-2021 18-Jun-2021 4 120 125 1D WTD MTD YTD Absolute -2.5 -4.8 2.9 14.9 115 120 Rel.Sector -0.6 -2.1 3.9 12.6 Rel.Market -0.8 -3.2 3.3 5.5 3.5 110 115 VALUATION 105 110 3 Trailing 100 105 Relative Price Relative Price Relative PE 21.5 Absolute Price (local currency) (local Price Absolute 95 100 2.5 EV/EBITDA 10.4 90 95 PB 3.1 PCF 13.3 2 85 90 Div Yield 4.2 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Price/Sales 2.9 Absolute Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Net Debt/Equity 0.2 90 90 90 Div Payout 87.9 80 80 80 ROE 14.3 70 70 70 Share Index) Share Share Sector) Share - 60 - 60 60 DESCRIPTION 50 50 50 The Company providers of personalised, 40 40 40 RSI RSI (Absolute) discretionary wealth management services, offering 30 30 30 investment management and financial planning services in the United Kingdom,the Channel Islands, 20 20 20 and the Republic of Ireland. RSI (Relative to FTSE UKFTSE All to RSI (Relative RSI (Relative to FTSE UKFTSE All to RSI (Relative 10 10 10 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Past performance is no guarantee of future results. Please see the final page for important legal disclosures. 1 of 4 FTSE COMPANY REPORT: Brewin Dolphin Holdings 18 June 2021 Valuation Metrics Price to Earnings (PE) EV to EBITDA Price to Book (PB) 31-May-2021 31-May-2021 31-May-2021 28 15 4.5 26 14 4 13 +1SD 24 +1SD 12 +1SD 3.5 22 11 Avg 20 10 3 Avg Avg 18 9 -1SD 2.5 8 16 -1SD -1SD 7 2 14 6 12 5 1.5 Jun-2016 Jun-2017 Jun-2018 Jun-2019 Jun-2020 Jun-2016 Jun-2017 Jun-2018 Jun-2019 Jun-2020 Jun-2016 Jun-2017 Jun-2018 Jun-2019 Jun-2020 JTC 75.5 Intermediate Capital Group 82.9 AJ Bell 15.9 Liontrust Asset Management 71.5 AJ Bell 32.1 City Of London Investment Group 14.4 Sanne Group 64.3 Liontrust Asset Management 29.4 Hargreaves Lansdown 14.1 Intermediate Capital Group 56.1 Sanne Group 24.7 Integrafin Holdings 12.8 AJ Bell 44.8 JTC 23.8 Liontrust Asset Management 10.5 Brewin Dolphin Holdings 21.5 Brewin Dolphin Holdings 10.4 Brewin Dolphin Holdings 3.1 Investment Banking and Brokerage Services 12.3 Investment Banking and Brokerage Services 6.8 Investment Banking and Brokerage Services 1.9 Plus500 4.0 M&G 2.1 TP ICAP Group 1.0 Georgia Capital 3.6 Quilter 1.8 Real Estate Credit Investments 1.0 Allied Minds -1.4 Allied Minds 0.0 IP Group 1.0 Real Estate Credit Investments -19.2 Real Estate Credit Investments 0.0 Standard Life Aberdeen 0.9 John Laing Group -30.1 John Laing Group 0.0 Georgia Capital 0.6 -40 -20 0 20 40 60 80 100 0 10 20 30 40 50 60 70 80 90 0 2 4 6 8 10 12 14 16 18 Price to Cash Flow (PCF) Dividend Yield % Price to Sales (PS) 31-May-2021 31-May-2021 31-May-2021 20 7.5 4 19 7 18 3.5 17 6.5 +1SD +1SD 16 6 3 15 +1SD Avg 5.5 14 Avg 2.5 13 5 -1SD Avg 12 4.5 11 -1SD 2 4 10 -1SD 9 3.5 1.5 Jun-2016 Jun-2017 Jun-2018 Jun-2019 Jun-2020 Jun-2016 Jun-2017 Jun-2018 Jun-2019 Jun-2020 Jun-2016 Jun-2017 Jun-2018 Jun-2019 Jun-2020 Intermediate Capital Group 80.0 Real Estate Credit Investments 8.2 Allied Minds 15.0 Standard Life Aberdeen 80.0 Plus500 7.5 John Laing Group 15.0 Liontrust Asset Management 49.0 M&G 7.5 3i Group 15.0 AJ Bell 44.6 Jupiter Fund Management 6.2 Integrafin Holdings 15.0 Rathbone Brothers 33.3 Standard Life Aberdeen 5.3 Intermediate Capital Group 14.8 Investment Banking and Brokerage Services 14.9 Brewin Dolphin Holdings 4.2 Brewin Dolphin Holdings 2.9 Brewin Dolphin Holdings 13.3 Investment Banking and Brokerage Services 3.8 XPS Pensions Group 2.3 3i Group -20.0 AJ Bell 1.4 Investment Banking and Brokerage Services 1.9 John Laing Group -22.8 John Laing Group 1.4 TP ICAP Group 0.9 IP Group -48.3 JTC 1.0 St. James's Place 0.9 St. James's Place -60.4 IP Group 0.8 Quilter 0.6 Georgia Capital -100.0 Allied Minds 0.0 M&G 0.4 -120 -100 -80 -60 -40 -20 0 20 40 60 80 100 0 1 2 3 4 5 6 7 8 9 0 2 4 6 8 10 12 14 16 Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing. 2 of 4 FTSE COMPANY REPORT: Brewin Dolphin Holdings 18 June 2021 Valuation Metrics Net Debt to Equity Dividend Payout (DP) Return on Equity (RoE) 31-May-2021 31-May-2021 31-May-2021 0.2 100 ‖ ‖ 22 95 21 0.15 +1SD 20 90 +1SD 19 85 Avg 0.1 18 80 -1SD Avg +1SD 17 75 0.05 16 -1SD 70 Avg 15 0 ‖ ‖ ‖ 65 14 Jun-2016 Jun-2017 Jun-2018 Jun-2019 Jun-2020 Jun-2016 Jun-2017 Jun-2018 Jun-2019 Jun-2020 Jun-2016 Jun-2017 Jun-2018 Jun-2019 Jun-2020 Intermediate Capital Group 4.1 Intermediate Capital Group 100.0 Plus500 50.0 M&G 1.5 XPS Pensions Group 100.0 Ninety One Plc 50.0 Sanne Group 1.0 River and Mercantile Group 100.0 Hargreaves Lansdown 50.0 JTC 0.9 Liontrust Asset Management 100.0 City Of London Investment Group 40.0 TP ICAP Group 0.6 Rathbone Brothers 100.0 AJ Bell 39.7 Investment Banking and Brokerage Services 0.5 Brewin Dolphin Holdings 87.9 Investment Banking and Brokerage Services 16.5 Brewin Dolphin Holdings 0.2 Investment Banking and Brokerage Services 46.2 Brewin Dolphin Holdings 14.3 Integrafin Holdings 0.0 IP Group 0.0 XPS Pensions Group 4.8 Hargreaves Lansdown 0.0 Georgia Capital 0.0 Quilter 4.5 Plus500 0.0 Allied Minds 0.0 John Laing Group -4.1 Ashmore Group 0.0 John Laing Group 0.0 Real Estate Credit Investments -5.9 Georgia Capital 0.0 Real Estate Credit Investments 0.0 Allied Minds -50.0 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 0 20 40 60 80 100 120 -60 -40 -20 0 20 40 60 ROE vs. PB — sector Du Pont Analysis 18 2.5 25 16 AJB 2 20 CLIG 14 HL. IHP 12 1.5 15 LIO 10 PB N91 8 1 10 STJ 6 SNN JTC CMCX ICP 0.5 5 4 PLUS IGG RIV BRW ASHM EMG SDR 2 XPSRAT JUP Investment Banki JLG QLT III 0 0 RECIALM TCAP IPO MNG SLA CGEO 2017 2018 2019 2020 2021 0 0 10 20 30 40 50 60 Net Margin Asset Turnover Gearing ROE (rhs) ‖ ROE Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing. 3 of 4 FTSE COMPANY REPORT: Brewin Dolphin Holdings 18 June 2021 Brief description Brief description Price to Earnings Price to Earnings (PE) is price over earnings per share. Earnings are based on the latest Gearing Gearing is Total Assets divided by Common Equity. Total Assets and Common Equity are (PE) available fiscal year earnings. each averaged over two years, that is, t and (t-1). Price to Sales (PS) Price to Sales (PS) is price divided by sales per share. It is based on sales from continuing Asset Turnover Asset turnover is Sales divided by Total Assets. Total Assets is averaged over two years, operations for the fiscal year. that is, t and (t-1). Price to Book (PB) Price to Book (PB) is price at the indicated date divided by common equity per share. Dupont Breakdown Return on Equity (RoE) = Net Margin * Gearing * Asset Turnover Common/ordinary equity is generally as reported at the most recent fiscal year-end but is Analysis adjusted to exclude minority interest, preferred stock and selected items as appropriate. RoE vs PB Plot of RoE versus PB at last month end for all FTSE UK All Share stocks in the sector Price to Cash Flow Price to Cash Flow (PCF) is price at the indicated date divided by cash flow per share.
Load more

Recommended publications
  • Brewin Dolphin Select Managers Fund
    MI Brewin Dolphin Select Managers Fund Annual Report 28 February 2019 MI Brewin Dolphin Select Managers Fund Contents Page Directory* . 1 Statement of the Authorised Corporate Director’s Responsibilities . 2 Certification of the Annual Report by the Authorised Corporate Director . 2 Statement of the Depositary’s Responsibilities . 3 Independent Auditor’s Report to the Shareholders . 4 MI Select Managers Bond Fund Investment Objective and Policy* . 6 Investment Adviser's Report* . 6 Portfolio Statement* . 8 Comparative Table* . 24 Statement of Total Return . 26 Statement of Change in Net Assets Attributable to Shareholders . 26 Balance Sheet . 27 Notes to the Financial Statements . 28 Distribution Table . 40 MI Select Managers North American Equity Fund Investment Objective and Policy* . 41 Investment Adviser's Report* . 41 Portfolio Statement* . 43 Comparative Tables* . 49 Statement of Total Return . 51 Statement of Change in Net Assets Attributable to Shareholders . 51 Balance Sheet . 52 Notes to the Financial Statements . 53 Distribution Tables . 60 MI Select Managers UK Equity Fund Investment Objective and Policy* . 61 Investment Adviser's Report* . 61 Portfolio Statement* . 63 Comparative Tables* . 72 Statement of Total Return . 74 Statement of Change in Net Assets Attributable to Shareholders . 74 Balance Sheet . 75 Notes to the Financial Statements . 76 Distribution Tables . 83 MI Select Managers UK Equity Income Fund Investment Objective and Policy* . 84 Investment Adviser's Report* . 84 Portfolio Statement* . 86 Comparative Tables* . 92 Statement of Total Return . 94 Statement of Change in Net Assets Attributable to Shareholders . 94 Balance Sheet . 95 Notes to the Financial Statements . 96 Distribution Tables . 103 General Information* . 104 *These collectively comprise the Authorised Corporate Director’s Report.
    [Show full text]
  • Annual Reports and Accounts 2011
    AnnuA l RepoR ts A nd Accounts 2011 • Elgin • Inverness Aberdeen • Aberdeen Dorchester Hereford Marlborough Stoke-on-Trent Blenheim House Hamilton House 35 Bridge Street Woodstock Court Highpoint Fountainhall Road 6 Nantillo Street Hereford Blenheim Road Festival Park Aberdeen, AB15 4DT Poundbury, Dorchester HR4 9DG Marlborough Stoke-on-Trent Dundee • T 01224 267900 Dorset, DT1 3WN T 01432 364 300 Wiltshire, SN8 4AN ST1 5BG T 01305 215770 T 01672 519600 T 01782 210250 Belfast Inverness Waterfront Plaza Dublin Lyle House Newcastle Swansea 8 Laganbank Road Tilman Brewin Dolphin Fairways Business Park Time Central Axis 6 • Edinburgh Belfast 3 Richview Office Park Inverness 30-34 Gallowgate Axis Court Glasgow • BT1 3LY Clonskeagh IV2 6AA Newcastle upon Tyne Mallard Way T 028 9044 6000 Dublin 14 T 01463 225 888 NE1 4SR Swansea Vale T +353 (0) 1 260 0080 T 0191 279 7300 Swansea SA7 0AJ Birmingham W www.tam.ie Jersey T 01792 763960 9 Colmore Row Kingsgate House Norwich Birmingham Dumfries 55 The Esplanade Jacquard House Taunton B3 2BJ 43 Buccleuch Street St Helier Old Bank of England Court Ashford Court Dumfries • T 0121 710 3500 Dumfries, DG1 2AB Jersey, JE2 3QB Queen Street Blackbrook Business Park • Newcastle T 01387 252361 T 01534 703 000 Norwich, NR2 4SX Blackbrook Park Avenue Bradford T 01603 767776 Taunton • Penrith Auburn House Dundee Leeds Somerset Belfast • 8 Upper Piccadilly 31-32 City Quay 34 Lisbon Street Nottingham TA1 2PX • Teesside Bradford Camperdown Street Leeds Waterfront House T 01823 445750 BD1 3NU Dundee, DD1 3JA LS1 4LX Waterfront Plaza T 01274 728 866 T 01382 317200 T 0113 245 9341 Nottingham, NG2 3DQ Teesside T 0115 852 5580 Progress House • York Brighton Edinburgh Leicester Fudan Way • Leeds Invicta House PO Box No.
    [Show full text]
  • Annual Report and Accounts 2013 Annual Report and Accounts 2013
    Annual Report and Accounts 2013 Annual Report and Accounts 2013 Brewin Dolphin Holdings PLC, 12 Smithfield Street, London EC1A 9BD T 020 7246 1000 F 020 3201 3001 W brewin.co.uk E [email protected] Brewin Dolphin provides a range of investment management, financial advice and execution only services in the UK and Eire. “Our priorities are clear. They are to reinforce our high standard of service to clients and ensure an improved return to shareholders. Discretionary Investment Management is currently the core of our business model and our mission is to provide a compelling and consistent offering, relevant to all our clients. Over the past decade we have evolved from a stockbroker into a private client investment manager. Our evolution must continue as we strive to become the leading provider of personal Discretionary Wealth Management in the UK.” David Nicol, Chief Executive Investment proposition • Strong client relationships with a long-term track record of personalised service • Growth market with good long-term prospects • New management team with clear goals and a strategy to achieve them • Our strategy will generate value for all stakeholders We are already creating value in 2013 • Total income grew by 9% to £283.7m • Adjusted profit before tax grew by 22% to £52.3m • Adjusted profit margin increased from 16.5% to 18.5% • Discretionary funds under management (FUM) grew by 17% to £21.3bn • Adjusted earnings per share (EPS) grew by 19.2% to 14.9p (2012: 12.5p) • Full year dividend increased by 20% to 8.6p • Total Shareholder Return was 63% Contents Business review Section 1 Business review Financial Highlights 02 Business Highlights 03 Chairman’s Statement 04 Overview of the Business and Strategy 06 Strategic Report 08 A.
    [Show full text]
  • Xtrackers Etfs
    Xtrackers*/** Société d’investissement à capital variable R.C.S. Luxembourg N° B-119.899 Unaudited Semi-Annual Report For the period from 1 January 2018 to 30 June 2018 No subscription can be accepted on the basis of the financial reports. Subscriptions are only valid if they are made on the basis of the latest published prospectus of Xtrackers accompanied by the latest annual report and the most recent semi-annual report, if published thereafter. * Effective 16 February 2018, db x-trackers changed name to Xtrackers. **This includes synthetic ETFs. Xtrackers** Table of contents Page Organisation 4 Information for Hong Kong Residents 6 Statistics 7 Statement of Net Assets as at 30 June 2018 28 Statement of Investments as at 30 June 2018 50 Xtrackers MSCI WORLD SWAP UCITS ETF* 50 Xtrackers MSCI EUROPE UCITS ETF 56 Xtrackers MSCI JAPAN UCITS ETF 68 Xtrackers MSCI USA SWAP UCITS ETF* 75 Xtrackers EURO STOXX 50 UCITS ETF 80 Xtrackers DAX UCITS ETF 82 Xtrackers FTSE MIB UCITS ETF 83 Xtrackers SWITZERLAND UCITS ETF 85 Xtrackers FTSE 100 INCOME UCITS ETF 86 Xtrackers FTSE 250 UCITS ETF 89 Xtrackers FTSE ALL-SHARE UCITS ETF 96 Xtrackers MSCI EMERGING MARKETS SWAP UCITS ETF* 111 Xtrackers MSCI EM ASIA SWAP UCITS ETF* 115 Xtrackers MSCI EM LATIN AMERICA SWAP UCITS ETF* 117 Xtrackers MSCI EM EUROPE, MIDDLE EAST & AFRICA SWAP UCITS ETF* 118 Xtrackers MSCI TAIWAN UCITS ETF 120 Xtrackers MSCI BRAZIL UCITS ETF 123 Xtrackers NIFTY 50 SWAP UCITS ETF* 125 Xtrackers MSCI KOREA UCITS ETF 127 Xtrackers FTSE CHINA 50 UCITS ETF 130 Xtrackers EURO STOXX QUALITY
    [Show full text]
  • Parker Review
    Ethnic Diversity Enriching Business Leadership An update report from The Parker Review Sir John Parker The Parker Review Committee 5 February 2020 Principal Sponsor Members of the Steering Committee Chair: Sir John Parker GBE, FREng Co-Chair: David Tyler Contents Members: Dr Doyin Atewologun Sanjay Bhandari Helen Mahy CBE Foreword by Sir John Parker 2 Sir Kenneth Olisa OBE Foreword by the Secretary of State 6 Trevor Phillips OBE Message from EY 8 Tom Shropshire Vision and Mission Statement 10 Yvonne Thompson CBE Professor Susan Vinnicombe CBE Current Profile of FTSE 350 Boards 14 Matthew Percival FRC/Cranfield Research on Ethnic Diversity Reporting 36 Arun Batra OBE Parker Review Recommendations 58 Bilal Raja Kirstie Wright Company Success Stories 62 Closing Word from Sir Jon Thompson 65 Observers Biographies 66 Sanu de Lima, Itiola Durojaiye, Katie Leinweber Appendix — The Directors’ Resource Toolkit 72 Department for Business, Energy & Industrial Strategy Thanks to our contributors during the year and to this report Oliver Cover Alex Diggins Neil Golborne Orla Pettigrew Sonam Patel Zaheer Ahmad MBE Rachel Sadka Simon Feeke Key advisors and contributors to this report: Simon Manterfield Dr Manjari Prashar Dr Fatima Tresh Latika Shah ® At the heart of our success lies the performance 2. Recognising the changes and growing talent of our many great companies, many of them listed pool of ethnically diverse candidates in our in the FTSE 100 and FTSE 250. There is no doubt home and overseas markets which will influence that one reason we have been able to punch recruitment patterns for years to come above our weight as a medium-sized country is the talent and inventiveness of our business leaders Whilst we have made great strides in bringing and our skilled people.
    [Show full text]
  • Finn-Ancial Times Finncap Financials & Insurance Quarterly Sector Note
    finn-ancial Times finnCap Financials & Insurance quarterly sector note Q3 2020 | Issue 9 Highlights this quarter: Elevated uncertainty and volatility have been hallmarks of the last 18 months, with Brexit, the UK General Election and more recently COVID-19 all contributing to the challenges that face investors wishing to carve out solid and stable returns amid these ‘unprecedented’ times. With this is mind, and simulating finnCap’s proven Slide Rule methodology, we found the highest quality and lowest value stocks across the financials space, assessing how the make-up of these lists changed over the period January 2019 to July 2020, tracking indexed share price performance over the period as well as movements in P/E and EV/EBIT valuations. The top quartile list of Quality companies outperformed both the Value list and the FTSE All Share by rising +2.5% over the period versus -5.4% for the All Share and -14.3% for Value stocks. Furthermore, the Quality list had protection on the downside in the market crash between February and March 2020, and accelerated faster amid the market rally between late March and July 2020. From high to low (January to March), Quality moved -36.3% against the Value list at -45.5%, while a move off the lows to July was +37.4% for Quality and +34.0% for Value. There was some crossover between the Quality and Value lists, with 7 companies of the top quartile (16 companies in total) appearing in both the Quality and Value lists. This meant that a) investors could capture what we call ‘Quality at Value’ (i.e.
    [Show full text]
  • Brewin Dolphin Holdings PLC Annual Report and Accounts 2015 Accounts and Report Annual
    Brewin Dolphin Holdings PLC Holdings Dolphin Brewin Annual Report and Accounts 2015 Brewin Dolphin Holdings PLC Annual Report and Accounts 2015 Contents Overview 34 Corporate Responsibility 82 Directors’ Responsibilities 96 Consolidated Cash 02 Highlights 40 Resources and Relationships 83 Independent Auditor’s Report Flow Statement 04 Chairman’s Statement 97 Company Cash Flow Statement Governance Financial Statements 98 Notes to the Financial Strategic Report 44 Chairman’s Introduction 90 Consolidated Income Statement Statements 08 Business Overview to Governance 91 Consolidated Statement of 10 Business Model 46 Directors and their Biographies Comprehensive Income Additional Information 12 Market Environment 48 Corporate Governance Report 92 Consolidated Balance Sheet 148 Five Year Record Continuing 14 Our Strategy 53 Board Risk Committee Report 93 Consolidated Statement of Operations (unaudited) 16 Chief Executive’s Statement 56 Audit Committee Report Changes in Equity 149 Appendix – Calculation of KPIs 20 Measuring Our Performance 62 Nomination Committee Report 94 Company Balance Sheet 150 Glossary 23 Results 64 Directors’ Remuneration Report 95 Company Statement of Changes 151 Shareholder Information 30 Principal Risks and Uncertainties 80 Other Statutory Information in Equity 152 Branch Address List Brewin Dolphin Holdings PLC Annual Report and Accounts 2015 Overview Brewin Dolphin provides a range of investment management and financial advice services in the Strategic Report United Kingdom, Channel Islands and the Republic of Ireland.
    [Show full text]
  • Jupiter Green Investment Trust PLC Report & Accounts for the Year Ended 31 March 2011
    Jupiter Green Investment Trust PLC Report & Accounts for the year ended 31 March 2011 Job No.: 7471 Proof: 10 Proof Event: 10 Park Communications Ltd Alpine Way London E6 6LA Customer: Jupiter Project Title: Jupiter Green Investment Trust Annual Report T: 020 7055 6500 F: 020 7055 6600 Job No.: 7471 Proof: 10 Proof Event: 10 Park Communications Ltd Alpine Way London E6 6LA Customer: Jupiter Project Title: Jupiter Green Investment Trust Annual Report T: 020 7055 6500 F: 020 7055 6600 JUPITER GREEN INVESTMENT TRUST PLC Annual Report and Accounts 2011 ■ Contents Investment Objective, Investment Policy, Investment Approach and Benchmark Index 2 Dividend Policy, Warrants, Planned Life of the Company and Discount Control 4 Company Information 5 Directors 6 Financial Highlights 7 Chairman’s Statement 8 Manager’s Review 10 Portfolio Investments 11 Company Profiles for Top Ten Investments 13 Sector and Geographical Analysis of Investments 14 Report of the Directors 15 Directors’ Remuneration Report 22 Directors’ Responsibilities for the Financial Statements 24 Independent Auditors’ Report 25 Statement of Comprehensive Income 26 Statement of Financial Position 27 Statement of Changes in Equity 28 Cash Flow Statement 29 Notes to the Accounts 30 Notice of Annual General Meeting 42 Important Risk Warnings 45 Investor Information 46 Form of Proxy Form of Direction Job No.: 7471 Proof: 10 Proof Event: 10 Park Communications Ltd Alpine Way London E6 6LA Customer: Jupiter Project Title: Jupiter Green Investment Trust Annual Report T: 020 7055 6500 F: 020 7055 6600 JUPITER GREEN INVESTMENT TRUST PLC Annual Report and Accounts 2011 ■ Investment Objective, Investment Policy, Investment Approach and Benchmark Index Investment Objective The Company’s investment objective is to generate long-term capital growth through a diverse portfolio of companies providing environmental solutions.
    [Show full text]
  • FTF Franklin UK Equity Income Fund August 31, 2021
    FTF - FTF Franklin UK Equity Income Fund August 31, 2021 FTF - FTF Franklin UK Equity August 31, 2021 Income Fund Portfolio Holdings The following portfolio data for the Franklin Templeton funds is made available to the public under our Portfolio Holdings Release Policy and is "as of" the date indicated. This portfolio data should not be relied upon as a complete listing of a fund's holdings (or of a fund's top holdings) as information on particular holdings may be withheld if it is in the fund's interest to do so. Additionally, foreign currency forwards are not included in the portfolio data. Instead, the net market value of all currency forward contracts is included in cash and other net assets of the fund. Further, portfolio holdings data of over-the-counter derivative investments such as Credit Default Swaps, Interest Rate Swaps or other Swap contracts list only the name of counterparty to the derivative contract, not the details of the derivative. Complete portfolio data can be found in the semi- and annual financial statements of the fund. Security Security Shares/ Market % of Coupon Maturity Identifier Name Positions Held Value TNA Rate Date 0673123 ASSOCIATED BRITISH FOODS PLC 795,000 £15,741,000 1.75% N/A N/A 0989529 ASTRAZENECA PLC 526,000 £44,783,640 4.98% N/A N/A 0263494 BAE SYSTEMS PLC 2,560,000 £14,551,040 1.62% N/A N/A BH0P3Z9 BHP GROUP PLC 927,000 £20,927,025 2.33% N/A N/A B3FLWH9 BODYCOTE PLC 1,340,000 £12,924,300 1.44% N/A N/A 0798059 BP PLC 10,175,000 £30,214,662 3.36% N/A N/A 0176581 BREWIN DOLPHIN HOLDINGS PLC 3,442,000
    [Show full text]
  • Broker Upgrades and Downgrades & Key Uk
    Shard Capital Stockbrokers T +44 (0) 207 186 9950 rd 23 Floor, F +44 (0) 207 186 9979 20Fenchurch St, E [email protected] London, EC3M 3BY W shardcapitalstockbrokers.com BROKER UPGRADES AND DOWNGRADES & KEY UK CORPORATE SNAPSHOTS 14 February 2018 UK Broker Upgrades / Downgrades Please contact us for more information Code Company Broker Recomm. From Recomm. To Price From Price To Upgrades GNS Genus Plc Liberum Capital Hold Hold 2100 2400 HSTG Hastings Group Holdings Ltd Berenberg Buy Buy 315 341 OCDO Ocado Group Plc Peel Hunt Buy Buy 520 570 PLUS Plus500 Ltd Liberum Capital Buy Buy 1232 1507 TALK TalkTalk Telecom Group Plc SocGen Sell Hold 125 105 Downgrades BAG A.G.Barr Plc JP Morgan Cazenove Neutral Underweight 630 570 DLG Direct Line Insurance Group Plc Berenberg Hold Hold 390 378 ESUR Esure Group Plc Berenberg Sell Sell 247 230 VEC Vectura Group Plc Peel Hunt Hold Hold 160 120 Initiate/Neutral/Unchanged ACSO Accesso Technology Group Plc Berenberg Buy 2700 ESL Eddie Stobart Logistics PLC Berenberg Buy 190 MCL Morses Club Plc Peel Hunt Buy 165 OTB On the Beach Group Plc Peel Hunt Buy Buy 600 600 https://www.shardcapitalstockbrokers.com/trading-platform/ https://www.shardcapitalstockbrokers.com/trading-platform/ https://www.shardcapitalstockbrokers.com/trading-platform/ https://www.shardcapitalstockbrokers.com/trading-platform/ https://www.shardcapitalstockbrokers.com/trading-platform/ BROKER UPGRADES AND DOWNGRADES & KEY UK CORPORATE SNAPSHOTS Code Company Broker Recomm. From Recomm. To Price From Price To Initiate/Neutral/Unchanged WIN Wincanton Plc Berenberg Hold 210 WPP WPP Plc Liberum Capital Buy Buy 1815 1815 2 BROKER UPGRADES AND DOWNGRADES & KEY UK CORPORATE SNAPSHOTS Key UK Corporate Snapshots Today AIM 88 Energy Limited (88E.L) Announced that the 3D seismic acquisition has commenced across the Western Margin of the Project Icewine acreage, located on the North Slope of Alaska.
    [Show full text]
  • Managed Portfolio Service
    MANAGED PORTFOLIO SERVICE Cautious Portfolio | January 2016 The value of investments can fall and you may get back less than you invested. Past performance is not a guide to future performance. Any specific investments mentioned are for illustrative purposes only and are not intended as investment advice. January SI 1 Mth 3 Mths YTD 6 Mths 1 Yr 2 Yr 3 Yr 5 Yr 2015 2014 2013 2012 2011 2010 2016 (p.a)* Cautious Portfolio 0.3 1.2 0.3 1.0 0.2 12.8 17.5 37.9 3.0 9.1 6.5 11.0 3.6 9.2 8.1 WMA Conservative Blend ** 0.7 0.7 0.7 0.1 -0.7 12.3 16.5 34.3 1.9 9.4 5.1 4.6 7.7 8.2 6.6 Relative -0.4 0.5 -0.4 0.9 0.9 0.5 1.0 3.6 1.1 -0.3 1.4 6.4 -4.1 1.0 1.5 Performance and holdings may differ depending on your platform *Inception Date of 19/06/2009, quoted on an annualised basis Source: Brewin Dolphin, Russell Mellon CAPS IMS32, Novia **Benchmark change from composite to FTSE/APCIMS (income reinvested & gross of fees) (now WMA) Conservative as at 30.09.2012 Cautious Portfolio Portfolio Information The portfolio’s objective is to provide outperformance of the Wealth Management Association (WMA) Portfolio Benchmark WMA Conservative Index TR Conservative Index over the medium term. Returns will be generated through both capital growth and income, Investment Management Charge (p.a) 0.3%+VAT with a bias towards developed and liquid capital markets.
    [Show full text]
  • UK Company Research
    UK Company Research BRI DGEWELL ITE Group FTSE Small Cap / Media / ITE.L Russian exhibitionists Overweight ITE has seen an impressive recovery over the last four years, with the share Initiation of Coverage price responding to a new management team and strength in the company’s 10 February 2006 underlying markets. We believe that ITE continues to be well positioned to benefit from positive industry dynamics, strength in the Russian exhibition market and a growing contribution from its non-Russian assets. The current 140 rating is full, but more than justified, and we initiate coverage with an 130 Overweight recommendation. 120 110 ITE Group is one of the leading pure-play exhibition organisers in the UK, 100 organising 152 events in FY2005 in sixteen different countries. The primary 90 geographic focus is on the CIS territories (2005: 77% revenue and 84% gross 80 2005 2006 profit). The non-CIS businesses are also performing well, with underlying 2005 Ite Group relative to FTSE All Share revenues ahead by 27% over 2004. Vital Statistics Recent results have been impressive, demonstrating good execution in strong Current Year ago underlying markets. Cash generation is a particular feature, leaving the Share price (p) 136 91 company with a range of strategic options. Issued shares (m) 289 281 Mkt Cap (£m) 355 256 ITE has not been alone in reporting good results. The exhibition industry has Performance Actual Relative* benefited and (we believe) will continue to benefit from a number of positive 1 month 6% 4% structural effects. 6 months 25% 14% 12 months 48% 26% ITE’s unique combination of event maturity and scale in a number of developing markets makes it a strategically attractive asset.
    [Show full text]