Broker Upgrades and Downgrades & Key Uk
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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 27 September 2017 UK Broker Upgrades / Downgrades Please contact us for more information Code Company Broker Recomm. From Recomm. To Price From Price To Upgrades BDEV Barratt Developments Plc Peel Hunt Hold Add 670 670 BKG Berkeley Group Holdings Plc Peel Hunt Buy Buy 4390 4660 BVS Bovis Homes Group Plc Peel Hunt Hold Add 1180 BWY Bellway Plc Peel Hunt Add Add 3435 3545 CIU Cape Plc Macquarie Neutral Neutral 235 265 CSP Countryside Properties Plc Peel Hunt Add Buy 395 420 HOTC Hotel Chocolat Group Plc finnCap Hold Hold 270 280 Jefferies LLOY Lloyds Banking Group Plc Buy Buy 87 91 International PSON Pearson Plc Exane BNP Paribas Underperform Outperform 600 700 Jefferies RBS Royal Bank of Scotland Group Plc Hold Buy 262 306 International SVS Savills Plc Peel Hunt Hold Hold 910 940 TW. Taylor Wimpey Plc Peel Hunt Hold Add 210 210 WJG Watkin Jones Plc Peel Hunt Buy Buy 225 230 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 Downgrades Jefferies AA. AA Plc Underperform Underperform 150 125 International Jefferies BARC Barclays Plc Hold Hold 232 216 International CBG Close Brothers Group Plc Barclays Capital Equal weight Equal weight 1550 1450 CWD Countrywide Plc Peel Hunt Reduce Reduce 145 115 FPM Faroe Petroleum Plc Barclays Capital Overweight Overweight 115 110 LSL LSL Property Services Plc Peel Hunt Reduce Reduce 225 205 MCS McCarthy & Stone Plc Peel Hunt Buy Buy 220 205 SSPG SSP Group Plc HSBC Buy Hold 540 WTG Watchstone Group Plc Peel Hunt Add Add 178 162 Initiate/Neutral/Unchanged ABF Associated British Foods Plc Credit Suisse Outperform Outperform 3600 3600 AVG Avingtrans Plc finnCap Buy Buy 272 272 BRK Brooks Macdonald Group Plc Macquarie Neutral Neutral 2089 2089 BWY Bellway Plc Barclays Capital Overweight Overweight 3631 3631 Jefferies CRH CRH Plc Buy 3190 International FOXT Foxtons Group Plc Peel Hunt Sell Sell 60 60 Jefferies FPM Faroe Petroleum Plc Buy Buy 125 125 International GFRD Galliford Try Plc Peel Hunt Buy Buy 1620 1620 PSN Persimmon Plc Peel Hunt Hold Hold 2720 2720 PURP Purplebricks Group Plc Peel Hunt Buy Buy 460 460 RDW Redrow Plc Peel Hunt Buy Buy 740 740 RWI Renewi Plc Peel Hunt Buy Buy 110 110 SDR Schroders Plc Credit Suisse Outperform Outperform 3800 3800 TEF Telford Homes Plc Peel Hunt Buy Buy 505 505 TMO Time Out Group Plc Berenberg Buy 200 2 BROKER UPGRADES AND DOWNGRADES & KEY UK CORPORATE SNAPSHOTS Key UK Corporate Snapshots Today AIM Airea Plc (AIEA.L) Announced, in its interim results for the six months ended 30 June 2017, that its reported revenue stood at £23.8 million, compared to £24.5 million in the preceding year. Profit after tax was £1.4 million compared to £1.2 million. The company’s diluted earnings per share was 3.44p, compared to 3.01p. The company declared an interim dividend of 1.75p per share. Avingtrans Plc (AVG.L) Announced, in its annual results for the year ended 31 May 2017, that its reported revenue stood at £22.71 million compared to £21.18 million in the preceding year. Operating loss for the period was £0.47 million compared to £0.23 million in the previous year. Loss for the year from continuing operations was £0.30 million compared to profit after tax of £0.42 million. The company’s diluted loss per share from continuing and discontinued operations was 1.3p, compared to earnings per share of 111.4p. BNN Technology Plc (BNN.L) Announced that together with external advisers, Ernst & Young LLP, it has confirmed the cash position of theg group by way of a review and confirmation of its bank accounts in the UK, Hong Kong and China. As at 25 September 2017, the group's UK bank accounts contained c.£14.2 million in cash and the bank accounts in Hong Kong contained c.£6.7 million in cash. As at 19 September 2017, bank accounts in mainland China and other relevant associated territories contained c.£7.0 million in cash. Total cash therefore held in group bank accounts amounted to £27.9 million equivalent. boohoo.com Plc (BOO.L) Announced, in its interim results for the six months ended 31 August 2017, that revenues rose to £262.9 million from £127.3 million recorded in the same period a year ago. Profit before tax widened to £20.3 million from £14.4 million. No dividends have been paid or are payable for the period ended 31 August 2017 (2017: £nil). Borders & Southern Petroleum Plc Announced, in its unaudited results for the half year ending 30 June 2017, that loss after tax narrowed to $0.9 million (BOR.L) from $1.1 million recorded in the same period a year ago. Cash balance as at 30 June 2017 stood at $8.6 million (2016: $12.2 million at 30 June, $9.65 million at 31 December). The company's basic and diluted loss per share stood at 0.2 cents per share. Chaarat Gold Holdings Limited Announced, in its interim results for the six months ended 30 June 2017, that its loss after tax was $3.0 million compared (CGH.L) to loss after tax of $1.9 million. The company's diluted loss per share was 0.87c, compared to loss per share of 0.71c. Crawshaw Group Plc (CRAW.L) Announced, in its unaudited results for the half year ending 30 July 2017, that revenues rose 2.3% to £22.1 million from £21.6 million recorded in the same period a year ago. Loss after tax widened to £1.1 million from £0.4 million. Defenx Plc (DFX.L) Announced, in its half year results for six months ended 30 June 2017, that revenues rose to €3.1 million from €2.3 million posted in the same period preceding year. The company’s loss before tax stood at €1.5 million, compared to a loss of €0.5 million reported in the previous year. Its diluted loss per share stood at 0.095€c compared to loss of 0.066€c reported in the previous year. The company’s cash and cash equivalents stood at €0.21 million (2016: €0.15 million). DekelOil Public Limited (DKL.L) Announced, in its interim results for the six months ended 30 June 2017, that its reported revenue stood at €19.60 million compared to €15.98 million in the preceding year. Operating profit for the period was €3.23 million compared to €2.66 million in the previous year. Profit after tax was €2.37 million compared to €1.85 million. The company's diluted earnings per share was 0.008c, compared to 0.005c. Destiny Pharma Plc (DEST.L) Announced, in its interim results for the 6 months ended 30 June 2017, that it reported nil revenues during the period. Loss after tax widened to £0.9 million from £0.5 million. The directors do not propose an interim dividend. Ergomed Plc (ERGO.L) Announced an agreement to commercialise its haemostat products PeproStatT and ReadyFlowT in South Korea. Further, under the terms of the collaboration, the company will receive an upfront and a series of milestone payments as well as a double-digit share of all future product sales in this territory. FairFX Group Plc (FFX.L) Announced, in its interim results for the six months ended 30 June 2017, that its reported revenue stood at £6.1million, compared to £4.5 million in the preceding year. Profit after tax was £0.1 million compared to loss after tax of £0.8 million. The company’s diluted earnings per share was 0.14p, compared to loss per share 0.99p. Fulcrum Utility Services Limited Announced, in its trading update, that it has performed strongly over the six-month period ending 30 September 2017. (FCRM.L) The successful execution of the company's strategy gives the Board confidence that results will be in line with market forecasts for the financial year ending 31 March 2018 and it will announce its half-year results on 5 December 2017. Further, as at 31 August 2017, the company's order book had increased by 11% to £33.7 million, up from £30.3 million as at 31 March 2017. To support the increase in multi-utility projects being tendered and won, the company continues to strengthen its in-house capabilities through investment in additional multi-skilled direct delivery teams and technical designers. Gateley (Holdings) Plc (GTLY.L) Announced that it is today holding its Annual General Meeting at 12.30pm at the company's offices at One Eleven, Edmund Street, Birmingham, B3 2HJ. The Non-Executive Chairman, Nigel Payne, will make the following statement at the meeting that the business continues to perform well and is trading in line with management's expectations. Following a year of significant expansion and investment, the company continues to achieve solid organic growth, whilst remaining focused on the execution of its stated ambition of seeking complementary acquisitions which are earnings accretive to the Group. Driven by the strength of its service offering, its ability to retain and attract excellent staff and expand on existing client relationships, it remains well placed for the future.