1 Mar 2016 08:07
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Don't have an account? Click here to register.Canaccord Genuity cuts Regus target price on uncertainty in UK
Mon, 15th Aug 2016 10:50
(ShareCast News) - Analysts at Canaccord Genuity cut their target price on Regus's shares to reflect part of the risk arising from their worst case scenario for the UK market.The flexible workspace provider's business model was highly sensitive to the macroeconomic health of its markets, analysts Matthew Walker and Aynsley Lammin said in a research note sent to clients on 15 August.In light of the above, they welcomed the prudent approach of Regus's management when it came to their guidance for capital expenditures and its strong focus on cash and returns.Nevertheless, "the UK represents the greatest unknown in the short term, and occupancy has fallen over the past 12 months," they said.Their worst case scenario for the company's profitability (in trms of earnings before interest and taxes) in British markets equated to £60m, roughly aa quarter of the group total.In their opinion, such a sharp downturn was unlikely to materialise but believed it best to capture some of that risk in their valuation.Furthermore, they continued to see value in the shares as earnings were expected to progress on the back of the sites it had rolled out over the past three years. The company's bottom line was also expected to benefit from FX tailwinds.Walker and Lammin cut their target on the stock from 390p to 355p while reiterating their 'buy' recommendation.
More News
23 Feb 2016 16:08
10 Dec 2015 15:52
Thursday broker round-up
(ShareCast News) - Anglo American: Nomura slashes target from 780p to 370p but reiterates reduce. Royal Mail: Morgan Stanley stays at buy with 420p target price. Enquest: Canaccord Genuity lowers target from 30p to 25p but keeps at hold. Entertainment One: JP Morgan reiterates overweigh and nudges
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RPT-After HomeAway, fewer options to bet directly on sharing economy
(Adds byline) By Noel Randewich SAN FRANCISCO, Nov 6 (Reuters) - It is about to get even harder for stock market investors to make direct bets on the small but fast-growing sharing economy that has gained attention from the runaway success of Uber and Airbnb. Expedia's deal to buy vac
Read more3 Nov 2015 08:04
Regus third quarter revenue rises despite FX headwinds
(ShareCast News) - Workplace provider Regus reported a rise in third-quarter revenue and said it remains confident in the outlook for the business. For the three months to 30 September, group revenue rose to £478.8m from £413.6m in the same period last year, despite currency headwinds. For the nine
Read more27 Oct 2015 16:18
28 Sep 2015 07:21
London pre-open: CEBR pushes back forecast for first rate rise
(ShareCast News) - Equities were expected to start the week slightly lower, weighed down by the mixed close to US trading on Friday, ahead of speeches from several Fed speakers and the latest US non-farm payrolls reports looming large on the horizon. The Footsie was seen starting the day about 26 po
Read more28 Sep 2015 07:10
Dominik de Daniel appointed Regus CFO and COO
(ShareCast News) - Regus has announced Dominik de Daniel will take over from Dominique Yates as chief financial officer. The FTSE 250 listed company announced Monday de Daniel will also take up the new role of chief operating officer as well as director of the company. De Daniel previously has been
Read more25 Sep 2015 15:01