Member Info for MickTKipper

EMG Man Group the Hedge fund tends to do well in times of down and confused markets. Looks to be momentum due to Greece situation. https://pbs.twimg.com/media/B-CR05sIgAAXJob.jpg

Date Broker Rec. Price Old target price New target price Notes 30 Jan 15 Exane BNP Paribas Outperform 741.75 840.00 850.00 Retains 10 Dec 14 Exane BNP Paribas Outperform 741.75 840.00 840.00 Retains 08 Dec 14 Deutsche Bank Buy 741.75 715.00 800.00 Reiterates 04 Dec 14 JP Morgan Cazenove Overweight 741.75

INCH Inchcape, lovely breakout of a range going back to December. An all time high. Forward P/E 13.4 to 2015, cheap. Historically on 18 plus. https://pbs.twimg.com/media/B9u9natIAAAzGBC.jpg

<b>International Consolidated Airlines Grp Upgraded at Oddo & Cie (IAG)</b> Posted by Shane Hupp on Feb 12th, Oddo & Cie upgraded shares of International Consolidated Airlines Grp (LON:IAG) to a buy rating in a research report released on Tuesday morning. Oddo & Cie currently has GBX 704.78 ($10.74) price objective on the stock. International Consolidated Airlines Grp (LON:IAG) opened at 560.00 on Tuesday. International Consolidated Airlines Grp has a one year low of GBX 306.40 and a one year high of GBX 590.00. The stock has a 50-day moving average of GBX 508.5 and a 200-day moving average of GBX 416.6. The company’s market cap is £11.636 billion. A number of other analysts have also recently weighed in on IAG. Analysts at Liberum Capital reiterated a buy rating and set a GBX 600 ($9.14) price target on shares of International Consolidated Airlines Grp in a research note on Tuesday. Analysts at Credit Suisse reiterated an outperform rating and set a GBX 678 ($10.33) price target on shares of International Consolidated Airlines Grp in a research note on Monday, February 2nd. Analysts at BBVA reiterated an outperform rating and set a GBX 564.18 ($8.60) price target on shares of International Consolidated Airlines Grp in a research note on Friday, January 30th. Finally, analysts at Northland Capital Partners reiterated a buy rating and set a GBX 600 ($9.14) price target on shares of International Consolidated Airlines Grp in a research note on Friday, January 30th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. International Consolidated Airlines Grp currently has an average rating of Buy and an average price target of GBX 525.02 ($8.00). International Consolidated Airlines Group, SA (LON:IAG) is an airline company. The Company serves its markets in North America, Latin America, Asia and Africa from two of Europe’s long-haul hubs, London Heathrow and Madrid Barajas.

Kier Group plc (LON:KIE)‘s stock had its “buy” rating reissued by research analysts at Westhouse Securities in a report released on Wednesday. They currently have a GBX 2,110 ($32.15) price objective on the stock. Westhouse Securities’ target price suggests a potential upside of 28.82% from the stock’s previous close. Kier Group plc (LON:KIE) traded down 0.67% during mid-day trading on Wednesday, hitting GBX 1637.9999. The stock had a trading volume of 111,480 shares. Kier Group plc has a 1-year low of GBX 1374.00 and a 1-year high of GBX 1903.0001. The stock’s 50-day moving average is GBX 1551. and its 200-day moving average is GBX 1571.. The company’s market cap is £893.2 million. A number of other analysts have also recently weighed in on KIE. Analysts at Liberum Capital reiterated a “buy” rating on shares of Kier Group plc in a research note on Friday, February 6th. Analysts at Jefferies Group reiterated a “buy” rating and set a GBX 1,770 ($26.97) price target on shares of Kier Group plc in a research note on Friday, January 23rd. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating and set a GBX 2,125 ($32.38) price target on shares of Kier Group plc in a research note on Thursday, December 4th. Nine investment analysts have rated the stock with a buy rating, Kier Group plc presently has a consensus rating of “Buy” and an average price target of GBX 1,983.75 ($30.23). Kier Group plc is a construction, services and property group specializing in building and civil engineering, support services, commercial property development and structured property financing and private housing. The Company’s segments include construction, services, property and homes. In April 2012, it acquired certain construction operations of Stewart Milne.

BRIEF – Kier awarded 177 mln stg in new contracts 13 Feb 2015 - 07:08 Feb 13 (Reuters) – Kier Group Plc Kier secures new contracts worth £177m Today announces following contract awards in its construction and services divisions In construction division, new awards under procure 21+ framework have been awarded totalling £89m £63m redevelopment of birmingham women's hospital for birmingham women's nhs trust A £26m new emergency and paediatrics wing at scarborough hospital for york teaching hospital nhs foundation trust In addition, a new £33m highways improvement scheme for a30 by cornwall council has been awarded to kier's infrastructure business Within services housing maintenance business, a five-year extension to existing repairs and maintenance contract with barnsley council covering 9,000 homes, has been awarded Further company coverage: KIE.L (Reporting by London Equities Newsroom) Keywords: KIER GROUP CONTRACT

<b>Kier Group wins £177m worth of contracts</b> Fri 13 February 2015 08:19 | A A A Kier Group has scored £177m worth of contracts including the redevelopment of Birmingham Women's Hospital and a new emergency and paediatrics wing at Scarborough Hospital in York. The company will help construct a new build clinical block and refurbishment of the existing Birmingham Women's Hospital for the Birmingham Women's NHS Trust under a £63m deal. The £26m contract for the Scarborough Hospital extends Kier's work with The York Teaching Hospital NHS Foundation Trust, which has seen more than 20 individual projects completed over the last nine years. The group has also secured a £33m for the highway scheme for the A30 by Cornwall Council. A five-year extension to the existing repairs and maintenance contract with Barnsley Council covering 9,000 homes has also been awarded for £55m.

13 Feb 2015 Experian PLC EXPN Jefferies International Buy 1,195.00 1,199.00 1,240.00 1,340.00 Reiterates

For release at 0700 hours 13 February 2015 KIER GROUP PLC Kier secures new contracts worth £177m Kier Group plc ("Kier"), the leading property, residential, construction and services group, today announces the following contract awards in its Construction and Services divisions. In the Construction division, new awards under the Procure 21+ framework have been awarded totalling £89m. These awards further extend Kier's position as one of the UK's leading building providers to the health sector. The contracts include: · The £63m redevelopment of Birmingham Women's Hospital for the Birmingham Women's NHS Trust. This will include a new build clinical block and refurbishment of the existing hospital building; and · A £26m new emergency and paediatrics wing at Scarborough Hospital for The York Teaching Hospital NHS Foundation Trust. This further extends Kier's work with the Trust which has seen over twenty individual projects completed over the last nine years. In addition, a new £33m highways improvement scheme for the A30 by Cornwall Council has been awarded to Kier's infrastructure business. The project will be part-funded and delivered by the Council in conjunction with the Highways Agency. Work will begin in March 2015 and is expected to be completed in 2017. Within the Services housing maintenance business, a five-year extension to the existing repairs and maintenance contract with Barnsley Council covering 9,000 homes, has been awarded. The contract extension is valued at £55m over the period. Commenting on today's announcements, Haydn Mursell, chief executive of Kier, said: "Once again we are delighted to win work through the Procure 21+ framework. With over £1.3bn of contracts secured by the Group from this framework over the last decade, we are pleased to maintain a level of quality and service which our customers continue to recognise." "With our increased capability and focus on key market sectors, the award of the A30 contract reflects our increasing presence in the highways sector working for both local authorities and the Highways Agency. The extension of the Barnsley housing maintenance contract further consolidates Kier's strong profile in south Yorkshire." -ENDS- Contacts: Faeth Birch/Daniela Fleischmann (Finsbury): +44 (0) 20 7251 3801

KLR Keller breakout on the chart, momentum on the up, forward P/E of 9.5 PEG 0.42 far too cheap in my opinion. https://pbs.twimg.com/media/B9pZ7GUIgAAmwtg.jpg

12 Feb 2015 Keller Group PLC KLR Numis Buy 917.50 906.50 1,070.00 1,070.00 Reiterates SP TARGET 1070p

Good start to the day.

RPS Thought Id bring this one up looks to have bottomed out nicely and could be a momentum play. Seems to have plenty of broker support...... http://content.screencast.com/users/thomaser/folders/Default/media/d376ccfc-d712-4e78-8abd-6bce2ea1f927/rps%201.jpg <b>Broker Views</b> Date Broker Rec. Price Old target price New target price Notes 03 Feb 15 N+1 Singer Buy 230.80 320.00 320.00 Reiterates 02 Feb 15 Numis Buy 230.80 315.00 285.00 Reiterates 02 Feb 15 Liberum Capital Buy 230.80 350.00 350.00 Reiterates 31 Oct 14 Jefferies International Buy 230.80 320.00 300.00 Reiterates <b>FUNDIES</b> RPS Group PLC FORECASTS 2014 2015 Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) N+1 Singer 09-02-15 BUY 65.25 21.20 8.50 70.00 22.40 9.60 Arden Partners 09-02-15 NEUT 65.50 21.34 8.30 73.00 23.57 9.50 Numis Securities Ltd 09-02-15 BUY 65.50 21.70 8.47 68.70 22.70 9.74 Peel Hunt LLP 05-02-15 HOLD 64.46 20.95 8.46 70.68 22.65 9.73 2014 2015 Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Consensus 65.41 21.25 8.48 70.33 22.58 9.69 1 Month Change 0.81 0.20 0.00 -0.35 -0.37 0.00 3 Month Change 0.78 0.18 0.00 -1.43 -0.43 0.00 GROWTH 2013 (A) 2014 (E) 2015 (E) Norm. EPS 8.90% 51.12% 6.25% DPS 15.10% 23.57% 14.30% INVESTMENT RATIOS 2013 (A) 2014 (E) 2015 (E) EBITDA £70.24m £79.22m £84.15m EBIT £48.60m £m £m Dividend Yield 3.15% 3.89% 4.45% Dividend Cover 2.05x 2.51x 2.33x <b>PER 15.49x 10.25x 9.65x</b> PEG 1.74f 0.20f 1.54f Net Asset Value PS -1.47p 174.00p 179.50p

From today's Times.. "And Drax, the owner of Britain’s biggest power plant, rose 6½p to 390p amid rumours that RWE or GDF Suez may be weighing a bid. The 550p a share mentioned by speculators sounded too generous."

Macquarie note today: "Drax is not for the faint hearted and it has been a volatile performer. It has two main drivers to valuation: i) dark and bark spreads and ii) biomass conversion clarity. Both of these have been recently hit as a combination of low oil price/mild winter/DECC taking control of its budget have reduced outlook expectations. There are two reasons why we believe current levels offer an attractive entry point. We have a new 465p price target (down from 550p/share) and an Outperform rating. With a fixed carbon and biomass cost, spreads are heavily linked to gas prices. Whilst gas prices rebounded somewhat since January, leading to an improved dark and bark spread, the Drax share price has not. Drax is more efficient than 15GW of other coal power stations. If current 25-year-low spreads fall further, we think these will not cover cash costs and those without capacity payments (7GW) could close, tightening the market. We estimate Drax has an EV of c.£1.6bn and a headline EV/EBITDA of 6.7x 2017e. We estimate they could sell their pelleting plants, worth in our view £300mn (double-digit IRRs on £225mn investment). Drax has hedged its pellets at £8/GJ, although the majority of these costs are in $US. At current rates we estimate this could be worth up to £200mn, or 15% of Drax. Removing this derivative would increase biomass costs overall – not unhelpful in EU negotiations, which, if allowed, we see coming in at £100/MWh real. With hedged 1-year forward cashflow of c.£50mn, the EV of a ‘stripped’ plant would be £1,050mn. At current spreads we estimate a 3-ROC plant EBITDA of £218mn once capacity payments kick in, rising to £278mn with a CfD at £100/MWh – leading to a potential EV/EBITDA of between 3.8-4.8x. Our valuation is 465p/share with a 50% probability of 3 ROCs (410p) and a £100/MWh CfD (517p). We see potential that dark spreads will rise through rising gas prices or less efficient coal fired power stations closing."

Good start to the day.

DRAX looks to have formed a tidy base, and appears to be finding momentum. First SP target 440p/460p area. Quality undervalued defensive play. http://content.screencast.com/users/thomaser/folders/Default/media/6c3b4e3f-d19c-4c6c-ba8b-833e69cf8099/drax%201.jpg <b>FUNDIES</b> Drax Group PLC FORECASTS 2014 2015 Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Exane BNP Paribas 09-02-15 BUY 121.00 23.67 11.91 140.00 27.43 13.80 SG Securities 09-02-15 SELL 20.92 10.53 24.36 12.26 Investec Securities 06-02-15 ADD 103.80 21.16 10.58 126.70 25.19 12.59 Whitman Howard Limited 04-11-14 BUY 106.10 22.40 11.20 179.40 36.90 18.50 GROWTH 2013 (A) 2014 (E) 2015 (E) Norm. EPS -81.33% 190.24% 18.78% DPS -25.19% -45.35% 20.52% INVESTMENT RATIOS 2013 (A) 2014 (E) 2015 (E) EBITDA £119.80m £217.02m £250.63m EBIT £55.00m £144.63m £162.48m Dividend Yield 5.11% 2.79% 3.37% Dividend Cover 0.38x 2.02x 1.99x <b>PER 51.40x 17.71x 14.91x</b> PEG -0.63f 0.09f 0.79f Net Asset Value PS 340.99p 357.30p 372.10p

Ennsmore Fund Management and GLG Partners, owned by Man Group, are short 1.13 per cent of Zoopla, according to regulatory disclosures. Foxtons meanwhile is being sold short by Numeric and Altair Investment Management, which have built up a collective short position against 3.59 per cent of its shares. http://www.ft.com/cms/s/0/9a283c22-ae27-11e4-8d51-00144feab7de.html

Shorters piling on the pressure, another one added today....... FOXTONS GROUP PLC Numeric Investors LLC 0.74% &#8593; 0.14% 2015-02-03 hxxp://www.shorttracker.co.uk/daily/

From the Ft today: "Hedge funds have begun to take out bets against property businesses that are exposed to the downturn in London’s housing market, in the first sign that investors are tentatively seeking to profit from the slowdown. Several hedge funds have taken out short positions, essentially bets that a company’s share price will fall, against estate agents Foxtons and Savills, along with property portal Zoopla, and housebuilder Berkeley Group. The capital faces a surfeit of expensive new homes as developers rush to profit from foreign demand to buy in London. While the bets are still relatively small they represent the first sign that hedge funds have begun to move against the UK property market after several years of surging house prices, and the high-profile stock market listings of Foxtons and Zoopla."