|No. of shares out||418m|
|No. of shares floating||291m|
|No. of employees||200|
|Trading volume (10 day avg.)||1.9m|
|Profit before tax||£46m|
|Earnings per share||6.31p|
|Cashflow per share||7.41p|
|Cash per share||2.84p|
Go Compare (GOCO)
Who’s trading? Citywire A-rated Mark Niznik
The trade: Artemis’ UK small cap veteran trimmed his stake in price comparison website Go Compare from just over 5% of shares to 4.9% worth £15.1 million.
How have the shares performed? Go Compare is effectively flat since late 2018, but bounced sharply at the beginning of the month on news chair Sir Peter Wood was a major buyer.
What does the company say? In a statement after spending £11 million to up his holding from 25% to just below 30% Wood said the recent price ‘does not fully reflect the operational and strategic momentum in the business’. Operating profit last year climbed 14.2%, to £37.7 million, on a 2.3% rise in revenue.
What’s the outlook? Lower car insurance premiums reduced switching last year, cutting the revenue generated from one of Go Compare’s biggest sectors. The company’s cost strategy appears to be paying off however, as it clamped down on customer acquisition expenses. City brokers tracked by Reuters hold the share on a median 102p price target.
|No. of shares out||750m|
|No. of shares floating||39m|
|No. of employees||522|
|Trading volume (10 day avg.)||0m|
|Profit before tax||£16m|
|Earnings per share||11.72p|
|Cashflow per share||19.18p|
|Cash per share||45.40p|
Who’s trading? Citywire AA-rated Nick Train
The trade: Train, arguably the UK’s leading growth manager, upped his stake in Scottish Premiership champion Celtic from 17.1% of the shares to 18.4%.
How have the shares performed? Club equity has rocketed 128% since early 2017, although it has slipped from a recent high of 166p following coach Brendan Rodgers’ departure.
What does the company say? Rodgers’ exit has dented perceptions of Celtic’s dominance of Scottish football in his three seasons in charge. The failure to qualify for the Champions League last year knocked revenue from £71.5 million to £50 million in the second half.
What’s the outlook? House broker Canaccord Genuity is the only analyst to rate the stock, on a ‘buy’ and a 185p target. Writing last year Train, who also owns a stake in Juventus, said: 'Sports and entertainment assets remain in a bull market. That which attracts eyeballs to screens is going up in value.’
|No. of shares out||82m|
|No. of shares floating||78m|
|No. of employees||1,004|
|Trading volume (10 day avg.)||0.4m|
|Profit before tax||£18m|
|Earnings per share||4.73p|
|Cashflow per share||17.61p|
|Cash per share||7.85p|
Who’s trading? Citywire AA-rated Harry Nimmo
The trade: Standard Life’s small cap veteran lifted his stake in specialist magazine publishing house Future from 3% of shares to 5.2%.
How have the shares performed? Steadily increasing interest in the last two years has gone parabolic since February. Over 12 months the shares are up by more than 250%.
What does the company say? The tech, hobbyist and computer gaming publisher stoked the rally with news that it expects first half 2019 profit to be ‘significantly’ ahead of previous forecasts. That was further juiced with the news that the company would graduate to the main exchange, automatically attracting FTSE tracker money.
What’s the outlook? Both of the City analysts who track the stock rate it a ‘strong’ buy but the extraordinary uplift since January has left the company bumping up against price targets issued by Peel Hunt, on 750p, and Numis, on 860p, and on a rich valuation of 22 times forecast earnings.
|No. of shares out||207m|
|No. of shares floating||105m|
|No. of employees||93|
|Trading volume (10 day avg.)||0.3m|
|Profit before tax||£23m|
|Earnings per share||7.30p|
|Cashflow per share||7.44p|
|Cash per share||19.91p|
Inland Homes (INLD)
Who’s trading? Citywire A-rated Guy Barnard
The trade: Janus Henderson’s property veteran cut his stake in real estate developer and speculator Inland Homes from 5% of the shares to below a disclosable level.
How have the shares performed? The price of the business has not made any headway since mid-2016 but having dropped to a four-year low of 47p in late 2018 has since rallied 30%.
What does the company say? The former brownfield trading group cheered investors in January as it reported that a planned conversion into a full-fledged housebuilder was progressing with a new £65 million overdraft from HSBC. While revenue slumped 16% last year on lower completions profit rose from £5.4 million to £5.5 million on higher margins.
What’s the outlook? Both analysts in its coverage rate the stock a buy on a 114p price target. The business sits on top of a land bank valued at £2.2 billion in development potential and remains at a discount to its peer group, at 7.3 times forecast earnings, versus an average nine times.
|No. of shares out||17m|
|No. of shares floating||13m|
|No. of employees||593|
|Trading volume (10 day avg.)||0.2m|
|Profit before tax||£7m|
|Earnings per share||20.29p|
|Cashflow per share||31.51p|
|Cash per share||5.45p|
Who’s trading? Citywire AA-rated Giles Hargreave & AAA-rated Guy Feld
The trade: The Marlborough UK Micro-Cap Growth managers upped their stake in cosmetics manufacturer Swallowfield from 4.7% of shares to 6.2%.
How have the shares performed? Swallowfields has lost 57% of its value since reaching a record high of 417p in mid-2017, tumbling 19% since mid-February alone, to recently hit a three-year low of 180p.
What does the company say? Investors have fled Swallowfield following news that profit tumbled over the six months to end January, from £2.8 million to £278,000, on a ‘high level of material cost inflation’, big enough to more than wipe out a 6.9% increase in revenue to £34.2 million.
What’s the outlook? Largely ignored by City brokers, Swallowfield’s sole analyst Canaccord Genuity has maintained the company on a ‘buy’ recommendation last week, despite slashing its price guidance from 420p to 305p. The company trades at a big discount to its sector, at just 6.9 times forecast earnings versus an average 19.4 times.