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FC: EU AND UK COMPANY STOCKS OPENING CALLS August 24, 2017 at 07:55AM

BofAML EMEA Indications:

HUNTING – Revs 22% ahead whilst EBITDA 5% ahead and net loss inline (440)…+5%

GREENCORE – Reaffirming f/c and no reason for share price weakness (212)….+2%

APERAM – Positive read across from Outokumpu announcing price hikes (44.1)+1-2%

PREMIER OIL – Notching up prodn slightly, focus on operational updates(58)+1-2%

SIEMENS GAMESA – Get 752MW order for Dong projects in Netherlands (12.8)..+1-2%

OUTOKUMPU – Stainless producers announcing price hike in the US (8.58)….+1-2%

ACERINOX – Positive read across from Outokumpu announcing price hikes (12)+1-2%

CRH – 2 deals today. Disposal of Americas distribution for $2.6bn (2730)..+1-2%

PLAYTECH – Revs +25% to 421.6m eurosNet profit +60% to 125.5m euros (1008)+1-2%

MINERS – Copper +0.35%, Iron Ore fut unch with BHP OZ +1.85%, RIO OZ +2.6%..+1%

MARINE HARVEST – EBIT c1% ahead of bbg ests and net income ahead too (158)+0.5%

ABB – Spec GE resumes talks to sell industrial solutions biz to ABB (22.4)+0.5%

THYSSEN – Unions said to plan a “Deutschland AG” to prevent Tata merger (25)u/c

HEINEKEN – Press reporting that Coca Cola bottlers in Brazil suing co (87)-0.5%

DIXONS – Warning, cite challenging conditions in UK mobile phone mkt (212).-10%

CS:

ABB +0.5% GE resumes talks to sell industrial solution biz to ABB

AMS +1% Peer Largan +5% on Bets Apple, Samsung Will Lift Sales

Bam M/P H1 pretax at €52.7m vs cons €47.4m reconfirms FY

Barry Call M/P Replaces Americas Chief With Peter Boone

CRH +2-3% Announced the sale of its US Distribution biz, n’o inline

Dixons -10-15% Mobile challenging, cutting PBT guidance

Implenia -3-5% H1 light and guidance below consensus

Komax -2% H1 Orders 17% ahead, margins weaker

Miners +1% Copper +0.65%, Brent +0.45%, Iron Ore +0.70%, China -0.10%

OneSavings +2-3% Underlying profit 2% ahead, CET1 13.7% cons 13.5%

Pennon +1-2% Positive Greater Manchester contract exit

Phoenix +1% Profit of £215m vs £174m BBG cons, dividend ahead

Playtech M/P Revs inline at €421.6m vs cons €424m, divi increased

Prem Oil +3-5% Production ahead of guidance

Scandi Tob M/P H1 sales inline, EBITDA slightly light, maintain FY

Sika M/P Acquires ABC Sealants, no numbers given

SKF +1-2% ELUX’s Ronnie Leten may be next SKF Chairman

South 32 +2% NPAT/EBITDA inline, capex guidance higher

Sunrise +2% H1 small beat and EBITDA guidance raised.

Swiss Prime M/P EBIT €178.4m vs cons €178m

Telecolumbus M/P Numbers inline and confirms guidance

VAT M/P Numbers inline with release on 26th July

Shore

HUNTING – rev +40%,losses narrow to $9.1m,FY outlook dependent on oil price.+2%

ONESAVINGS – strong H1,loan book +10%,NIM of 322bps,PBT +20% £78.4m………+2%

REVOLUTION BARS – recommended cash offer by Stonegate,203p per share……..MKT

CPP – trading as planned,grp revs +18%,rev growth to continue in H2………+1%

GREENCORE – unaware of any developments since Q3 update for share price fall.+1%

PLAYTECH – H1 rev 452.6m.Ebitda 170.9m.Confident of a strong performance….+2%

DIXONS CARPHONE – Challenging conditions in UK mobile phone market……….-3%

SPORTECH – Trading in line with forecasts……………………………..UNCH

HILTON FOOD – HFG fresh food contract with Tesco central Europe………….+1%

COSTAIN – Says consensual termination of PFI project agreed……………..UNCH

JOHN LAING – NAV of 284p and divi of 1,91p on track to meet guidance……..UNCH

CRH – H1 number in line,selling US distribution unit to Beacon for $2.63bn .+3%

PHOENIX – On track to meet cash generation targets and divi 25.1p………..+1%

MainFirst Pre Mkt Indications

*STADA-Elliott said to buy more shares to gain higher price………+0.5%

*ABB-GE resumes talks with ABB over selling Inds Solutuions $2b…..U/C

*ROCHE-FDA grants priority review to Emicizumab(Hemophilia A)…….+0.25%

*LHA-Submits proposal for the acq’s of parts of Air Berlin……….-0.5%

*SCHNEIDER-With Eaton & Temasek leading the bidding 4 L&T Elec……U/C

*AMS/DIALOG-Apple blog saying next iPhone launch 22/9,event 12/9….+0.5%

*NOVARTIS-Kisqali gets EU approval,Bodson Chief Digital Officer…..+0.25%

*SUNRISE-Q2 Rev 453m(453),Ebitda 153m(146),FY Ebitda +2%,Div ok…..+2%

*KOMAX-Orders 224.4m(191.5),Sales 104.7m(190.7),Ebit 25.4m(29.6)….-1%

*ELECTROLUX-Ronnie Leten may be next SKF Chairman says DI………..U/C

*SCHINDLER-CEO says China business looks good(c.15% of Rev) – HZ….+0.5%

*TEL COLUMBUS-Q2 Rev 124.4m(125.3),Ebitda 62.4m(63.8),Reits FY……-0.5%

*IMPLENIA-H1 Sales 1.69b(1.75),NP -12m(10),Confirms mid-term tgts…-1%

*DIXONS-UK mobile mkt tough,sees ’18 PBT £360m-£440m……………-10%

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