(OneSource, Assessed on 2.4.08)
2.3 BBA Aviation Plc:
2.31 Capital Growth:
System support and an aviation company, BBA Aviation Plc mainly operates in business and general aviation market, which provides commercial aircraft around 150 locations across world and also provides flight support to businesses. It is also provides overhauling turbine engines together with the supply and repair of related machinery, licensing from original equipment designing and manufacturers. It acquired Regent Aviation based in St. Paul Minnesota on November 9, 2007. From Carolina Air Center of Hilton Head, Inc, it purchased the assets, on September, 2007. It also acquired Marathon Flight Services and Executive Beech craft, Inc in July, 2007. The Company the sale of Oxford Aviation Services Limited was completed on July, 2007 and then trading as Oxford Airport, to OA Acquisitions Limited. On June 29, 2007, Oxford Aviation Training was disposed. The revenues of company were increased by 3% to £979.4M for the year ended 31 December, 2007 and net income was increased by 77% to £87.4M from continuing operations. Revenues are mainly reflecting improvement in performance of the After Market Services & Systems business divisions and also higher income came from Mainland Europe markets and North America. Net income also showing the higher gross margins; gain on disposal of business and lower distribution costs.
(OneSource, Assessed on 2.4.08)
2.4 Braemar Shipping Service:
2.41 Capital Growth:
Formerly known as Braemar Sea scope Group plc, Braemar Shipping Services plc is specialized in services like ship agency, ship broking, pollution response services, and marine technical consultancy services to charterers , international ship owners, and other clients, and also operates a number of joint ventures as well as subsidiaries. In August 2006,the Company bought the rest of 50% share in Braemar Container Shipping and Chartering Limited. A entirely owned subsidiary of the Company, which later changed its name to DV Howells Limited by acquiring certain assets (including the name), on March 22, 2006. The Company declared the acquisitions of 1) Falconer Bryan Pte Ltd during July, 2007 and 2) Steege Kingston Partnership Ltd in February 2008. For the 6months ended 31 August 2007 the company’s turnover rose £68.7M by 36% and net income to £4.8M, straight up from £2.4M. Revenues pointing increase in sales from the segments like Technical shipping support, Environmental services, Ship agency, forwarding & logistics and Bunker trading segments. Net income reflecting higher gross profit, rise in finance income and as well as in operating profit.
(OneSource Assessed 2.4.08)
2.5 Business Post Plc:
2.51 Capital Growth:
A holding company, based in UK, which is through its subsidiaries, engaged in the provision of mail, palletized goods and express collection and delivery services for parcels. The Company is divided into three services: 1)Specialist Services(provides same-day and palletized goods delivery, across the UK Today, UK Pallets brands and BXTech ), 2)Mail Services (throughout the UK, which is licensed by Post comm) and 3)Parcel Services (through a national network of 57 depots for local shipments). Parcel Services offers mainly next day business to customers (B2C), business to business (B2B) and cross-border delivery and collection services through the Express, International and Home Serve brands. Business Post Group plc's turnover rose by 9% to £167.3M, for the 6months ended 30 September 2007. Net income rose to £3.3M, up from £1.2M. Revenue reflects raised income from Mail and Specialist Services divisions. Net income is reflecting increased in gross margins, higher interest receivable, lower administrative expenses and the nonexistence of exceptional costs.
(OneSource Assessed on 2.4.08)
2.7Forth Ports:
2.2 Capital Growth:
Along with its subsidiaries the company, is engaged in provision of cargo handling, towage, port and related services and facilities. The Company also has interests in property. It mainly operates in two segments: 1) port operations and 2) property. Also provides logistic-related and handling services to customers. The property division is mainly involved in regeneration of waterfront sites and the long-term development within its ownership to promote a series of integrated communities. The Company owns a group of regionally based ports adjoining based in the Port of Tilbury London (POTL) and the central belt of Scotland and Tayside. The Company acquired Nordic Limited, a company operating port terminal operations, recycling business of materials and management business of data. The Company’s revenues increased by 7% to £165M for the year ended 31 December 2007. Net income decreased to £25.1M by 39%. Revenues mirror higher sales which came from port operations. Net income was balanced by an increase in administrative expenses, higher cost of sales, decreased finance and other incomes, increased share of results of joint ventures and higher finance costs.
(OneSource assessed on 2.4.08)
2.8Northgate:
2.81 Capital Growth:
A UK based investment holding company, operates in two business segments: 1) fleet management and 2) the hire of vehicles. It is mainly located in the Spain, UK and Republic of Ireland. The Company acquired the rest of 51% of the issued share capital of Record Rent a Car S.A. (Record), based in Spain, during May, 2006. It has also acquired 100% of the issued share capital of 1) Northgate (AVR) Ltd, during February, 2006 and 2) Northgate (TM) Ltd during April, 2007. The Company disposed of its complete investments in the share capital of Furgonetas de Alquiler S.A. (Fualsa) and recorded it to a subsidiary undertaking, in the month November, 2006. As of April 30, 2007, the major subsidiary undertaking of the Company was Northgate Vehicle Hire Ltd, as of during April, 2007, whose prime activity is the hire of vehicles. The revenues increased by 6% to £279M for the six months ended 30 September 2007. Net income risen up by 27% to £33.8M, which reflects a downturn in administrative expenses, an increase in investment income, lower amortization expense and an increase in gross margins. Revenues mirror a raise in sales from all three segments.
(OneSource assessed 2.4.08 )
2.9Stage coach Group Plc:
2.91 Capital Growth:
The Company is engaged in the providing public transport services in the UK and overseas, operating in 3 segments: UK Rail, UK Bus and North America. North America and UK Bus are providing bus and coach services while UK Rail are providing rail services. During the year ended April 30, 2006 New Zealand operation were disposed, and during the year ended 30 April, 2007, London bus operations were disposed, which was the formerly part of the UK bus services. The Company has also in 3 joint ventures: Citylink, which operates in UK Bus Virgin Rail Group, which operates in UK Rail, and New York Splash Tours LLC, which operates in North America. The Company acquired Glenvale Transport Limited and Traction Group Limited during year 2006. The Company the sold out of its London bus operations to Macquarie Bank Limited during 30 August, 2006. Stagecoach Group plc's revenues increased by 9% to £820.8M for the 6months ended 31 October, 2007. Net income from continuing operations has gone down by 11% to £65.8M. Revenues reflected a rise in sales from the UK Rail division, caused by significant growth in passenger and higher sales from the UK Bus segment. Net income was divided by a downturn in operating income, increase in finance costs, and decrease in other operating income and higher finance costs.
(onesource, )
2.10 Sutton Harbour:
2.101 Capital Growth:
Sutton Harbour Holdings plc operates and owns the harbor and its subsidiaries. The Company is primarily engaged in the renewal and development in the South West of England region, provision of transport and related facilities and the airline operation. It is operating in 3 business areas: transport, regeneration and marine activities. The Company is a proprietor within the harbor locality with tenants, including South West regional development agency, numerous pub chain operators, various government ministries, and the national marine aquarium. It provides supplementary services to airlines and aircraft users. The Company also operates and owns Plymouth fish market and provides services to commercial fisherman. Revenues were increased by 6% to £17.6M for the 6 months ended 30 September 2007. Net income went down by 45% to £1.7M. Revenues showing the higher sales obtained from transport division. Net income offset by increase in administration expenses, decrease in other operating income, the lack of fair value adjustment of investment property, increase in operating expense and higher share of loss associates.
3 Analysis of Companies Yields & P/E ratio:
P/E Ratio is a calculation of the price paid for a share relative to the annual income or profit of the firm per share. The higher the ratio the higher the amount paid for each share.
P/E Ratio = Market Value per Share
Earnings per Share
EPS = Net Income – Dividend on Preferred Stock
Average Out Standing Shares
The yield ratio is the return on the investment received in the form of interest or dividend based on the investment cost and calculated on the current market price or its face value.
High growth companies lean to have higher dividend yield, growth-leaning companies tend to have lower ones, and most small growing companies don't have a dividend yield because they don't pay out dividends.
Yield Ratio = Recent full-year dividend
Market Value per Share
P/E RATIO
YIELD RATIO
Source: digital look.com
Reference list:
FINMO 014 Investment Analysis