Independent corporate broking, advisory and trading house focusing on mid & small-cap companies.
02 June 2015 06:55
Economics & Strategy morning noteREAD
2 June 2015
UK Estate Agents: Fee Fear
The decisive result in the General Election has provided a welcome fillip for the UK estate agents. Uncertainty surrounding mansion tax, controls on rents and the banning of tenant fees has dissipated and comparatives are set to ease in the second half of 2015. While the near term news is positive and the listed players have diversified into areas with more stable revenue streams, we believe the sector faces longer term headwinds. It is still largely exposed to the highly cyclical nature of housing transactions and the growth of fixed price online estate agents is likely to lead to downward pressure, possibly significant, on industry fees and profits.
To view the full sector note, please click here
22 May 2015
Technology Sector Note: Build and Bye
M&A is the product of the dramatically changing technology landscape and a key driver of UK-listed tech company performance. There are plenty of opportunities to continue to capitalise on the developing strategic value of companies in the sector and M&A upside risks remain. However, the one-way traffic as companies exit the market without being replaced is a cause for concern, reducing UK fund managers’ exposure to mega-trends and revealing a broken capital cycle.
In this sector note, the structural drivers of M&A are highlighted, along with the strategic value shifts under way in many UK listed companies and key recommendations. To view the full sector note please click here
20 May 2015
New Corporate Client – KCOM Group
Peel Hunt has been appointed as joint Financial Adviser and joint Corporate Broker to KCOM Group PLC, as announced on 20 May, 2015
As a business, we specialise in corporate broking, advisory, research, sales and trading. As a partnership, it is the way we run our business that sets us apart.
Our partnership structure best aligns our interests with those of our clients and stakeholders. We only engage with clients as a house – corporate, sales and research must all agree. This leads to long-term successful client relationships. We call this approach joined-up broking.