FTSE Factsheet

Total Page:16

File Type:pdf, Size:1020Kb

FTSE Factsheet FTSE COMPANY REPORT Share price analysis relative to sector and index performance Beeks Financial Cloud Group BKS Software and Computer Services — GBP 1.2 at close 21 April 2021 Absolute Relative to FTSE UK All-Share Sector Relative to FTSE UK All-Share Index PERFORMANCE 21-Apr-2015 1D WTD MTD YTD Absolute - - - - Rel.Sector - - - - Rel.Market - - - - VALUATION Data unavailable Trailing PE 102.5 EV/EBITDA 20.2 PB 8.8 PCF 19.3 Div Yield 0.3 Price/Sales 6.3 Net Debt/Equity 0.7 Div Payout 31.0 ROE 9.3 DESCRIPTION Data unavailable The Company is a niche cloud computing and Infrastructure As A Service (IAAS) provider for low latency financial markets. Past performance is no guarantee of future results. Please see the final page for important legal disclosures. 1 of 4 FTSE COMPANY REPORT: Beeks Financial Cloud Group 21 April 2021 Valuation Metrics Price to Earnings (PE) EV to EBITDA Price to Book (PB) 31-Mar-2021 31-Mar-2021 31-Mar-2021 100 ‖ 80 14 70 12 80 +1SD +1SD 60 10 Avg 60 Avg 50 8 +1SD 40 40 6 -1SD -1SD 30 Avg 4 20 20 2 -1SD 0 ‖ ‖ 10 0 ‖ ‖ Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Aveva Group 120.0 Just Eat Takeaway.com 100.0 Auto Trader Group 25.0 Beeks Financial Cloud Group 102.5 Kainos Group 67.7 Kainos Group 25.0 Kainos Group 98.1 Ascential 51.4 Softcat 25.0 NCC Group 58.9 Aveva Group 41.1 Bytes Technology Group 18.1 Softcat Aptitude Software Group 56.1 36.3 Beeks Financial Cloud Group 8.8 Beeks Financial Cloud Group 20.2 Micro Focus International -0.8 Ascential 3.6 Software and Computer Services 17.3 Funding Circle Holdings NCC Group -5.0 Sage Group 13.6 3.4 Kin and Carta -9.3 Moneysupermarket.com Group 13.3 Software and Computer Services 3.0 Ascential -9.9 Computacenter 9.4 Funding Circle Holdings 2.5 Software and Computer Services -24.5 Micro Focus International 5.6 Just Eat Takeaway.com 1.4 Just Eat Takeaway.com -77.3 Funding Circle Holdings 0.0 Micro Focus International 0.7 -100 -50 0 50 100 150 0 20 40 60 80 100 120 0 5 10 15 20 25 30 Price to Cash Flow (PCF) Dividend Yield % Price to Sales (PS) 31-Mar-2021 31-Mar-2021 31-Mar-2021 80 ‖ ‖ 0.45 12 70 11 0.4 +1SD 10 60 +1SD +1SD 0.35 9 50 Avg 8 40 0.3 Avg Avg -1SD 7 30 6 0.25 -1SD 20 5 -1SD 10 0.2 4 Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Aveva Group 80.0 Moneysupermarket.com Group 4.4 Auto Trader Group 14.5 Kainos Group 74.2 Sage Group 2.8 Aveva Group 11.8 Just Eat Takeaway.com 66.0 Avast 2.6 Kainos Group 10.2 Softcat 56.2 Computacenter 2.1 Aptitude Software Group 6.9 Auto Trader Group 28.3 Micro Focus International 2.0 Future 6.8 Software and Computer Services 21.0 Software and Computer Services 1.2 Beeks Financial Cloud Group 6.3 Beeks Financial Cloud Group 19.3 Beeks Financial Cloud Group 0.3 Software and Computer Services 3.2 Kin and Carta 15.2 Kainos Group 0.2 NCC Group 2.7 Avast 14.1 Future 0.1 Bytes Technology Group 2.6 Computacenter 11.7 Kin and Carta 0.0 Kin and Carta 2.2 Micro Focus International 3.5 Just Eat Takeaway.com 0.0 Micro Focus International 0.8 Ascential -100.0 Ascential 0.0 Computacenter 0.5 -120 -100 -80 -60 -40 -20 0 20 40 60 80 100 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 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: Beeks Financial Cloud Group 21 April 2021 Valuation Metrics Net Debt to Equity Dividend Payout (DP) Return on Equity (RoE) 31-Mar-2021 31-Mar-2021 31-Mar-2021 0.7 35 35 +1SD 0.6 30 30 25 0.5 +1SD 25 Avg 20 0.4 +1SD 20 15 0.3 Avg 15 10 -1SD 0.2 5 Avg 10 0.1 0 5 Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Apr-2016 Apr-2017 Apr-2018 Apr-2019 Apr-2020 Funding Circle Holdings 2.4 Alfa Financial Software Holdings 100.0 Auto Trader Group 50.0 Auto Trader Group 2.3 NCC Group 100.0 Softcat 50.0 Micro Focus International 1.5 Aveva Group 100.0 Bytes Technology Group 50.0 Kin and Carta 1.3 Avast 97.1 Kainos Group 34.6 Ascential 0.9 Moneysupermarket.com Group 90.6 Moneysupermarket.com Group 34.0 Beeks Financial Cloud Group 0.7 Beeks Financial Cloud Group 31.0 Beeks Financial Cloud Group 9.3 Software and Computer Services 0.5 Kin and Carta 0.0 Just Eat Takeaway.com -3.1 Kainos Group 0.1 Just Eat Takeaway.com 0.0 Software and Computer Services -14.0 Just Eat Takeaway.com 0.1 Funding Circle Holdings 0.0 Ascential -30.0 Aptitude Software Group 0.0 Ascential 0.0 Funding Circle Holdings -40.4 Aveva Group 0.0 Micro Focus International 0.0 Kin and Carta -43.7 Bytes Technology Group 0.0 Software and Computer Services 0.0 Micro Focus International -50.0 0 0.5 1 1.5 2 2.5 3 0 20 40 60 80 100 120 -60 -40 -20 0 20 40 60 ROE vs. PB — sector Du Pont Analysis 30 scatter 20 40 0 35 25 KNOS AUTOSCT -20 30 20 -40 25 BYIT -60 20 PB 15 -80 15 10 -100 10 BKS APTD ALFA MONY FUTR -120 5 5 KCT AVV AVST CCC ASCL SGE Software andNCC Com FCH -140 0 JET MCRO 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: Beeks Financial Cloud Group 21 April 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. relative to the stock in question. Data may be limited to the stock in question if there are (PCF) currently no stocks in the corresponding FTSE UK All Share sector. Net Debt Equity Net Debt Equity is Net Debt as a percentage of common equity. Not calculated if Absolute Absolute graphs reflect performance for the stock in question for up to 366 days adjusted denominator (common equity) is negative for intervening corporate actions. EV to EBITDA EV to EBITDA is Enterprise Value divided by EBITDA (Earnings before Interest and Taxes, Relative Relative charts reflect the performance for the stock in question relative to the depreciation and amortisation). EV is full company Market Capitalisation at the data date corresponding sector of the FTSE All Share Index for up to 366 days, rebased to the start plus last annual net debt and Preferred Stock. Net Debt is total financial debt less cash date. Note that the stock itself may not be a FTSE All share constituent. Relative Chart and short-term investments. EBITDA is operating income plus depreciation and may be null if there are no stocks in the corresponding FTSE UK All Share sector. amortisation. RSI Relative Strength Index. Calculated as 100 minus (100 divided by (1+ratio of positive Dividend Yield % Dividend Yield reflects the dividend declared per share and/or paid for the security in versus negative time weighted returns)). Reflects 14 day average gains/losses question for the most recent fiscal year, divided by the share price.
Recommended publications
  • Exploring the Secrets of Success
    people technolog siness Issue 35 In this issue Exploring the secrets of success 2 Business Insight GS-insight discusses some of the latest trends and Graham Charlton, CFO, Softcat opportunities in the international technology industry, the importance of company culture in business 5 Consulting Insight success and much more … Martin Smith, Executive Director, Sheffield Haworth Welcome to the 35th edition of GS-insight, fit and thereby de-risk the hiring process. Consulting Solutions the magazine of international technology Understandably, investors and Boards are sector Executive Search specialists Gillamor very keen to have a robust assessment of Stephens, part of Sheffield Haworth, the global the strengths and risks associated with 6 International Insight talent consulting and leadership advisory management teams and of their capability to Kelly Kinnard, VP Talent, firm. As a recruitment team, we are fortunate grow, change and adapt to achieve business Battery Ventures to work with companies at all stages of organ- objectives. isational and business development; from This issue of GS-insight explores a wide 8 Investment Insight university “spin-outs” requiring CEOs to help range of themes with leaders across our commercialise “bleeding edge” technology, Mark Boggett, CEO, industry sector. We discuss the importance Seraphim Space Capital through to privately owned and VC/PE of company culture and business growth with funded small-mid size businesses seeking Graham Charlton of Softcat and Russell Sloan the leaders to drive organic and acquisitive of Kainos, two of the most successful and 10 Non-Executive growth/internationalisation strategies to the fastest growing publicly listed technology Insight larger corporate entities hiring executives to businesses.
    [Show full text]
  • Annual Report of Proxy Voting Record Date Of
    ANNUAL REPORT OF PROXY VOTING RECORD DATE OF REPORTING PERIOD: JULY 1, 2018 - JUNE 30, 2019 FUND: VANGUARD FTSE 250 UCITS ETF --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ISSUER: 3i Infrastructure plc TICKER: 3IN CUSIP: ADPV41555 MEETING DATE: 7/5/2018 FOR/AGAINST PROPOSAL: PROPOSED BY VOTED? VOTE CAST MGMT PROPOSAL #1: ACCEPT FINANCIAL STATEMENTS AND ISSUER YES FOR FOR STATUTORY REPORTS PROPOSAL #2: APPROVE REMUNERATION REPORT ISSUER YES FOR FOR PROPOSAL #3: APPROVE FINAL DIVIDEND ISSUER YES FOR FOR PROPOSAL #4: RE-ELECT RICHARD LAING AS DIRECTOR ISSUER YES FOR FOR PROPOSAL #5: RE-ELECT IAN LOBLEY AS DIRECTOR ISSUER YES FOR FOR PROPOSAL #6: RE-ELECT PAUL MASTERTON AS DIRECTOR ISSUER YES FOR FOR PROPOSAL #7: RE-ELECT DOUG BANNISTER AS DIRECTOR ISSUER YES FOR FOR PROPOSAL #8: RE-ELECT WENDY DORMAN AS DIRECTOR ISSUER YES FOR FOR PROPOSAL #9: ELECT ROBERT JENNINGS AS DIRECTOR ISSUER YES FOR FOR PROPOSAL #10: RATIFY DELOITTE LLP AS AUDITORS ISSUER YES FOR FOR PROPOSAL #11: AUTHORISE BOARD TO FIX REMUNERATION OF ISSUER YES FOR FOR AUDITORS PROPOSAL #12: APPROVE SCRIP DIVIDEND SCHEME ISSUER YES FOR FOR PROPOSAL #13: AUTHORISE CAPITALISATION OF THE ISSUER YES FOR FOR APPROPRIATE AMOUNTS OF NEW ORDINARY SHARES TO BE ALLOTTED UNDER THE SCRIP DIVIDEND SCHEME PROPOSAL #14: AUTHORISE ISSUE OF EQUITY WITHOUT PRE- ISSUER YES FOR FOR EMPTIVE RIGHTS PROPOSAL #15: AUTHORISE MARKET PURCHASE OF ORDINARY ISSUER YES FOR FOR
    [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]
  • Rathbone Income Fund Update June 2018
    Rathbone Income Fund Update June 2018 Introduction This year is panning out pretty much as we might have predicted. It does seem that the fund fares better when volatility increases and investor sentiment takes a downward lurch; conversely, more buoyant equity markets have generally presaged relative underperformance. We have been very clear in explaining our positioning in 2018, and how our caution acts as a brake on performance when bulls are in the ascendance. However, we argue that our prudence is crucial considering market circumstances, and our year-to-date underperformance is the cost of this “insurance” against a more substantial correction in equity markets. 3 months 6 months 1 year 3 years 5 years Rathbone Income Fund 7.72 1.16 1.12 23.22 52.54 IA UK Equity Income Sector 8.33 1.71 6.04 24.24 52.08 FTSE All-Share index 9.20 1.69 9.02 31.62 52.76 Source: Rathbones, FE Analytics Q2/Three-month performance Our fund gained 7.72% versus a sector average of 8.33% and the market’s 9.20% return. These are solid gains, driven by our holdings in BP and Royal Dutch Shell. They benefited from a surge in the oil price, with Brent crude appreciating over 17% over the quarter. We also appreciated recoveries in ITV and Relx, as well as continued strength in GlaxoSmithKline. Laggards were not particularly consequential: Lockheed Martin, Danske Bank, British American Tobacco (BAT), Carnival and UDG were on the negative side of the equation. H1/Six-month performance Contribution to 6 month total return GlaxoSmithkline BP Dechra Pharmaceuticals BAE Systems Royal Dutch Shell Carnival Reckitt Benckiser Altria British American Tobacco Micro Focus International -1.5 -1 -0.5 0 0.5 1 Source: Rathbones, Statpro Performance for the first half of the year was dull.
    [Show full text]
  • Press Release
    9 February 2021 Micro Focus International plc Preliminary results for the year ended 31 October 2020 Micro Focus International plc ("the Company" or “the Group”, LSE: MCRO.L, NYSE: MFGP), the global enterprise software group, announces Preliminary results for the year ended 31 October 2020 (“FY20”). Summary: • Micro Focus has completed the first year of a three-year turnaround plan and has made solid progress in the key objectives of evolving our business model and improving operational effectiveness. • Revenue decline moderated during the year from 11% reported in the first half of the year to 9% in the second half, with revenues of $3.0bn, a decline of approximately 10% at both actual and constant exchange rates. This is in line with expectations and starting to reflect the progress in the turnaround plan • Adjusted EBITDA1 of $1.2bn (FY19: $1.4bn) at an Adjusted EBITDA margin of 39.1% (FY19: 40.7%), towards the upper end of expectations, driven by tight operational cost control and several cost reduction programmes. These also contributed to the funding of planned investments in key opportunity areas. • The Group has successfully completed the first stage of IT systems migration in January 2021 with a significant number of employees now operating on the new IT platform. The remaining teams will be transitioned later in FY21. • The Group recorded an exceptional charge related to goodwill impairment of $2,799m in the period driven by changes in the Group’s trading performance and overall environment when compared to the original projections produced at the time of the HPE Software acquisition.
    [Show full text]
  • Enabling Success
    ENABLING SUCCESS Computacenter plc Annual Report and Accounts 2020 2020 Highlights 1. Adjusted operating profit or loss, Revenue £m +7.7% Dividend per share Pence +402.0% adjusted net finance income or expense, adjusted profit or loss before tax, adjusted tax, adjusted profit or 5,441.3 50.7 loss, adjusted earnings per share and adjusted diluted earnings per share are, as appropriate, each stated 2020 5,441.3 2020 50.7 before: exceptional and other 2019 5,052.8 2019 10.1 adjusting items including gains or losses on business acquisitions and 2018 4,352.6 2018 30.3 disposals, amortisation of acquired intangibles, utilisation of deferred tax 2017 3,793.4 2017 26.1 assets (where initial recognition was 2016 3,245.4 2016 22.2 as an exceptional item or a fair value adjustment on acquisition), and the related tax effect of these exceptional Profit before tax £m +46.5% Adjusted1 profit before tax £m +37.0% and other adjusting items, as Management do not consider these items when reviewing the underlying performance of the Segment or the 206.6 200.5 Group as a whole. A reconciliation to adjusted measures is provided on page 2020 206.6 2020 200.5 61 of the Group Finance Director’s Review which details the impact of 2019 141.0 2019 146.3 exceptional and other adjusted items when compared to the non-Generally 2018 108.1 2018 118.2 Accepted Accounting Practice financial 2017 111.7 2017 106.2 measures in addition to those reported in accordance with IFRS.
    [Show full text]
  • Your Guide Directors' Remuneration in FTSE 250 Companies
    Your guide Directors’ remuneration in FTSE 250 companies The Deloitte Academy: Promoting excellence in the boardroom October 2018 Contents Overview from Mitul Shah 1 1. Introduction 4 2. Main findings 8 3. The current environment 12 4. Salary 32 5. Annual bonus plans 40 6. Long term incentive plans 52 7. Total compensation 66 8. Malus and clawback 70 9. Pensions 74 10. Exit and recruitment policy 78 11. Shareholding 82 12. Non-executive directors’ fees 88 Appendix 1 – Useful websites 96 Appendix 2 – Sample composition 97 Appendix 3 – Methodology 100 Your guide | Directors’ remuneration in FTSE 250 companies Overview from Mitul Shah It has been a year since the Government announced its intention to implement a package of corporate governance reforms designed to “maintain the UK’s reputation for being a ‘dependable and confident place in which to do business’1, and in recent months we have seen details of how these will be effected. The new UK Corporate Governance Code, to take effect for accounting periods beginning on or after 1 January 2019, includes some far reaching changes, and the year ahead will be a period of review and change for many companies. Remuneration committees must look at how best to adapt to an expanded remit around workforce remuneration, as well as a greater focus on how judgment is used to ensure that pay outcomes are justified and supported by performance. Against this backdrop, 2018 has been a mixed year in the FTSE 250 executive pay environment. In terms of pay outcomes, the picture is relatively stable. Overall pay levels have fallen for FTSE 250 chief executives and we have seen continued momentum in companies adopting executive alignment features such as holding periods, as well as strengthening shareholding guidelines for executives.
    [Show full text]
  • FTSE UK 100 ESG Select
    2 FTSE Russell Publications 19 August 2021 FTSE UK 100 ESG Select Indicative Index Weight Data as at Closing on 30 June 2021 Constituent Index weight (%) Country Constituent Index weight (%) Country Constituent Index weight (%) Country 3i Group 0.83 UNITED KINGDOM Halfords Group 0.06 UNITED KINGDOM Prudential 2.67 UNITED KINGDOM 888 Holdings 0.08 UNITED KINGDOM Harbour Energy PLC 0.01 UNITED KINGDOM Rathbone Brothers 0.08 UNITED KINGDOM Anglo American 2.62 UNITED KINGDOM Helical 0.03 UNITED KINGDOM Reckitt Benckiser Group 3.01 UNITED KINGDOM Ashmore Group 0.13 UNITED KINGDOM Helios Towers 0.07 UNITED KINGDOM Rio Tinto 4.8 UNITED KINGDOM Associated British Foods 0.65 UNITED KINGDOM Hiscox 0.21 UNITED KINGDOM River and Mercantile Group 0.01 UNITED KINGDOM Aviva 1.18 UNITED KINGDOM HSBC Hldgs 6.33 UNITED KINGDOM Royal Dutch Shell A 4.41 UNITED KINGDOM Barclays 2.15 UNITED KINGDOM Imperial Brands 1.09 UNITED KINGDOM Royal Dutch Shell B 3.85 UNITED KINGDOM Barratt Developments 0.52 UNITED KINGDOM Informa 0.56 UNITED KINGDOM Royal Mail 0.39 UNITED KINGDOM BHP Group Plc 3.29 UNITED KINGDOM Intermediate Capital Group 0.44 UNITED KINGDOM Schroders 0.29 UNITED KINGDOM BP 4.66 UNITED KINGDOM International Personal Finance 0.02 UNITED KINGDOM Severn Trent 0.44 UNITED KINGDOM British American Tobacco 4.75 UNITED KINGDOM Intertek Group 0.66 UNITED KINGDOM Shaftesbury 0.12 UNITED KINGDOM Britvic 0.19 UNITED KINGDOM IP Group 0.09 UNITED KINGDOM Smith (DS) 0.4 UNITED KINGDOM BT Group 1.26 UNITED KINGDOM Johnson Matthey 0.43 UNITED KINGDOM Smurfit Kappa Group 0.76 UNITED KINGDOM Burberry Group 0.62 UNITED KINGDOM Jupiter Fund Management 0.09 UNITED KINGDOM Spirent Communications 0.11 UNITED KINGDOM Cairn Energy 0.05 UNITED KINGDOM Kingfisher 0.57 UNITED KINGDOM St.
    [Show full text]
  • FTSE Russell Publications
    2 FTSE Russell Publications 19 August 2021 FTSE 250 Indicative Index Weight Data as at Closing on 30 June 2021 Index weight Index weight Index weight Constituent Country Constituent Country Constituent Country (%) (%) (%) 3i Infrastructure 0.43 UNITED Bytes Technology Group 0.23 UNITED Edinburgh Investment Trust 0.25 UNITED KINGDOM KINGDOM KINGDOM 4imprint Group 0.18 UNITED C&C Group 0.23 UNITED Edinburgh Worldwide Inv Tst 0.35 UNITED KINGDOM KINGDOM KINGDOM 888 Holdings 0.25 UNITED Cairn Energy 0.17 UNITED Electrocomponents 1.18 UNITED KINGDOM KINGDOM KINGDOM Aberforth Smaller Companies Tst 0.33 UNITED Caledonia Investments 0.25 UNITED Elementis 0.21 UNITED KINGDOM KINGDOM KINGDOM Aggreko 0.51 UNITED Capita 0.15 UNITED Energean 0.21 UNITED KINGDOM KINGDOM KINGDOM Airtel Africa 0.19 UNITED Capital & Counties Properties 0.29 UNITED Essentra 0.23 UNITED KINGDOM KINGDOM KINGDOM AJ Bell 0.31 UNITED Carnival 0.54 UNITED Euromoney Institutional Investor 0.26 UNITED KINGDOM KINGDOM KINGDOM Alliance Trust 0.77 UNITED Centamin 0.27 UNITED European Opportunities Trust 0.19 UNITED KINGDOM KINGDOM KINGDOM Allianz Technology Trust 0.31 UNITED Centrica 0.74 UNITED F&C Investment Trust 1.1 UNITED KINGDOM KINGDOM KINGDOM AO World 0.18 UNITED Chemring Group 0.2 UNITED FDM Group Holdings 0.21 UNITED KINGDOM KINGDOM KINGDOM Apax Global Alpha 0.17 UNITED Chrysalis Investments 0.33 UNITED Ferrexpo 0.3 UNITED KINGDOM KINGDOM KINGDOM Ascential 0.4 UNITED Cineworld Group 0.19 UNITED Fidelity China Special Situations 0.35 UNITED KINGDOM KINGDOM KINGDOM Ashmore
    [Show full text]
  • Supporting Our Customers on Their Journey Annual Report and Accounts 2011 Our Business Model
    Supporting our customers on their journey Annual Report and Accounts 2011 Our business model What we do Manage & Transform To improve quality and fl exibility of service while signifi cantly reducing costs Services provided Service Desk, Managed Workplace, Managed Network, Managed Datacenter, Managed Applications and Support & Maintenance Enhancing our customers’ The work we undertake is typically • Technologically or logistically complex journey by: • Multiple parallel projects • Innovating • Contract-based • Managing cost • Uses our core assets • Mitigating risk • Improving their service This creates Consult & Change advantages for Optimise technology, enabling their businesses: effective change • Smarter technology • On time and on budget Services provided • Better services Flexible Workplace, Borderless • Greater effi ciencies Network, Dynamic Datacenter, • Lower cost Unifi ed Communications & Collaboration and Secure Information The work we undertake is typically We do this by: • Medium to high complexity • Outcome-based projects • Using processes and tools • Referrals or existing customers that help ensure the outcomes • Uses our people’s technical skills • Collaborating with customers’ IT departments • Securing the best product for the solution through our vendor independence • Being fl exible in our approach • Hiring and retaining talent Source & Deploy Address customer technology requirements Services provided Smart Supply, Supply Chain Services, Lifecycle Management, Software Licensing and Compliant Disposals The work we undertake
    [Show full text]
  • Weekly Digest 08-06-2020
    Weekly Digest | 8 June 2020 | In terms of data, the latest batch of purchasing manager surveys (PMI) unequivocally shows that the worst of the storm has passed. For example, the UK Composite PMI rose from a trough in March of 13.8 John Wyn-Evans to 30.0 in April. Yes, that still suggests that overall Head of Investment Strategy activity was lower than in the previous month, with 50 being the demarcation line between expansion To V Or Not To V and contraction, but the rate of deterioration is much lower, and that is what markets tend to With apologies to the Bard, this is the question most trade off. Even more bullishly, last Friday’s monthly exercising the minds of investors currently. The “V” employment report in the United States saw private refers to the shape of the economic recovery. You payrolls increase by more than three million in May, will recall that various letters of the alphabet, mainly when the consensus forecast was for a further 6.75 “V”, “U”, “W” and “L” have been used to illustrate million job losses. The unemployment rate dropped how activity might bounce (or not), alongside a few from 14.7% to 13.3%, when expectations were other shapes including the Nike “Swoosh”, a hockey for a rise to 19%. Even allowing for some potential stick, a tick, a reverse square root and a barbed fish glitches in the gathering of data and the fact that hook, just to mention a few I have seen. While none some of this hiring is only in anticipation of a future are particularly scientific, all answer the basic human recovery in activity, the number was extraordinary.
    [Show full text]
  • UK General Election: Investec's Views | Investment Views | United Kingdom ­ Professional Investor | Investec Asset Management
    6/12/2017 UK General Election: Investec's Views | Investment views | United Kingdom ­ Professional Investor | Investec Asset Management UK General Election: Investec's Views 9 June 2017 Investec Asset Management portfolio managers give their views on the UK General Election result. The views expressed in this communication are those of the contributors at the time of publication and do not necessarily reflect those of Investec Asset Management as a whole. John Stopford Co-head Multi-Asset; Portfolio Manager, Diversified Income Fund Read John's views Michael Spinks Co-Head Multi-Asset Growth; Portfolio Manager, Diversified Growth Fund Read Michael's views Mark Breedon Co-Head 4Factor Equity Read 4Factor Team's views https://www.investecassetmanagement.com/united­kingdom/professional­investor/en/insight/investment­views/uk­general­election­investec­s­views?utm… 1/6 6/12/2017 UK General Election: Investec's Views | Investment views | United Kingdom ­ Professional Investor | Investec Asset Management Simon Brazier Co-Head Quality; Portfolio Manager, UK Alpha Fund Read Simon's views Alastair Mundy Head of Value; Portfolio Manager, Cautious Managed Fund and UK Special Situations Fund Read Alastair's views Blake Hutchins Co-Portfolio Manager, Global Quality Equity Income Fund Read Blake's views John Stopford Head of Multi-Asset Porfolio Manager, Diversified Income Fund The UK election has heightened uncertainty just as Brexit negotiations begin. Theresa May has failed to get a strong mandate to do a deal on her terms, and indeed she may not survive as Prime Minister. The Conservatives seem likely to form a minority government, and are fairly split between Remain and Leave supporting MPs.
    [Show full text]