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.

 

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

Publication Date:
November 21 2008

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

Publication Date:
September 4 2008

Strong full year results

Revenue rises 9% and pre-tax profit by 15%

Robust operating margin of 31.6%

Highly cash generative with net cash of £70.2m at year end
 
(Please note this report supercedes the note of 17 June 2008. Forecasts are amended, the conclusions remain the same)

Publication Date:
June 19 2008

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

Publication Date:
November 26 2007

Leading player in a growing market

Rensburg clients willing to pay premium for quality service

Better growth with lower risk

Merger savings target achieved

Publication Date:
August 2 2007

next