AC

EU & UK COMPANY STOCKS OPENING CALLS June 06, 2018 at 07:55AM

EU & UK COMPANY STOCKS OPENING CALLS

 

Shore

SMURFIT KAPPA – International Paper confirms that it will not make an offer..+3%

WORKSPACE – strong FY update,divi +30%,rent roll +26.1%,income +21%……….+2%

SERCO – awarded US Dept.of Health contract worth $900m…………………..+2%

WH SMITH – sales +4%,LfL +1%,travel LfL +3%,high St LfL -1%,confident outlook+2%

EASYJET – May passenger stats +3.7%,load factor +1.8pp………………….UNCH

PORVAIR – trading well,revs +8%,profits ahead of prev yr,in line………….+1%

AMINO TECH – strong order backlog provides gd visability for FY expectations.+1%

MS INTL – Robust update,PBT increased to £4m (’17 £1.53m),well positioned…UNCH

HARVEY NASH – strong trading continues in to new yr,gr profit +7%…………+1%

CARPETRIGHT – Result of Placing and open offer at 28p……………………MKT

APPLEGREEN – Positive start to year.Severe weather impacts as does fuel price-5%

FINDEL – Encouraged by start to financial year from both businesses……….+2%

CS

BATS -0.5% Japan Tob introducing Plooms, competitor to BATS product

Bayer R Trades ex-rights today – tickers BAYR GY / BAYR_r.DE

BHP -1% Is said to get shale bids valuing unit up to $9B, cons $10B

Brit Land -1% CS DOWNGRADE to UNDERPERFORM (M&A risk to valuation)

CNH +1-2% China offered to buy $70b of US products

Easyjet +1% Traffic stats – Load factor and passdengers better

Euronext M/P Published its monthly key performance indicators, inline

Forbo M/P Buyback update – Purchased 63,105 shares since Nov 2017⅛

Fraport +1-2% Traffic stats better – Frankfurt traffic +9.5%

Hammerson -1% CS DOWNGRADE to UNDERPERFORM (CVA threat and Valuation)

Miners +0.25% Copper +0.20%, Brent +1.65%, Iron Ore +0.95%, China +0.50%

Oils M/P US API showed a draw of 2m barrels vs build of 1m last week

Penod +0.5% CMD – postive around growth in China & Asia

RPC -5% FY numbers fine and outlook solid, FCF weak

Serco +2% Contract renewal with US DOH/Human Services

Shaftsbury +1% CS UPGRADE to NEUTRAL (Takeover possible)

Smurfit Kap R International Paper ends Smurfit pursuit

Thales +1% CMD – target 3-5% annual organic growth, cons on +3.2%

Ublox +1% CS UPGRADE to OUTPERFORM (Growth)

Voestalpine M/P FYEBIT 1.18bn Cons 1.16bn, outlook inline

 

 

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