Sep 18 2020
Business Support Services
Recent Research
DCC, Resilient trading through Q1
Jul 17 2020
DCC, Trading robustly during peak lockdown
May 19 2020
Applegreen, When the going gets tough
Mar 27 2020
Meet your Business Support Services Research team
Applegreen
H1 20 results: 50%+ near-term re-rating entirely feasible
We think Applegreen’s share price has been held back by residual liquidity/capital concerns and low visibility on the earnings power of the business through H1 20 and into 2021. We think...
DCC
Resilient trading through Q1
DCC’s Q1 trading update reinforces the resilience of the business model and the benefits of diversity; two of the divisions traded behind the prior year, but two also traded ahead....
DCC
Trading robustly during peak lockdown
DCC has exited FY 20 with minimal debt and access to over £2bn in liquidity. It also appears to be trading better than we had expected through ‘peak’ lockdown. In contrast to many...
DCC
Q3 IMS: showcasing resilience; risk/reward materially positive
DCC has delivered a robust Q3 against the backdrop of a weak UK consumer and warmer weather. We are making no changes to our EPS forecasts, evidence in our view of the group’s...
Year-end Document
2020: Irish economy stocks primed for performance
The factors that impeded the performance of stocks exposed to the fast-growing Irish economy in 2019 are now largely factored into forecasts. With valuations remaining attractive in...
