Welcome to EQUITY DEVELOPMENT
The UK's longest established regulated provider of sponsored equity research.
We launched EQUITY DEVELOPMENT in 1997 becoming the first ever regulated provider of Sponsored Equity Research in the UK.
Our research teams are made up of expert analysts with deep understanding & experience in their sectors. Our research is distributed to all relevant investment classes & commentators. (at no cost to the reader).
We have made our name by specialising in those companies who are not receiving the attention that they merit, using detailed commentary, appropriate valuation metrics and regular publications to help eradicate undervaluation in the medium term.
Search for Company Research
FREE REGISTRATION
Sign up today and access the very latest company research
LOG IN
For access to all company research please
Rensburg Sheppards
Rensburg Sheppards was formed in 2005 by the merger of two leading private client asset manager/stockbrokers; it is now the second largest in the UK with over £14bn of Funds under Management.
Rensburg gives market a pleasant surprise
Earnings rise despite market fall
Continued organic growth of FUM
Strong cash position
High yield and well-covered dividend
Resilient performance in difficult times
Benefits of merger already transparent in higher margins
Current year forecasts place stock on 8x PER, with solid yield of 5.5%
This leaves shares looking cheap versus sector and with £7 looking fairer value
Strong full year results
Robust operating margin of 31.6%
Highly cash generative with net cash of £70.2m at year end
Rensburg Sheppards maintains strong profits growth
Total revenue up 16%
Earnings per share up 31%
Recurring income covers fixed costs 1.5 times
Seriously undervalued on PFER < 10x
Market cap < 2% of FUM
Leading player in a growing market
Rensburg clients willing to pay premium for quality service
Better growth with lower risk
Merger savings target achieved
