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

Kensington Group

Founded in 1994, Kensington has grown rapidly to become a leading
provider of mortgage finance for house buyers who do not conform to
the standards of the major, mainstream lenders.

Kensington model triumphs over market

  • Excellent results, despite a sluggish general market, shows strength of model
  • Return on Equity in HI 2005 : 30%...
  • …allowing 30% increase in the dividend
  • Forecast PER 2006 still only 6.5 x
  • Fair value remains 748p

Publication Date:
July 18 2005

Kensington; A good place to be?

  • Excellent results, ahead of expectations
  • ROE 31.9%
  • Business model still thriving as mortgage market slows
  • Forward rating multiples remain undemanding
  • Fair value – 751p / share

Publication Date:
March 3 2005

Kensington Group; highly profitable, strong track record on only 4x 2006 PER

  • A leading provider of mortgage finance for house buyers who do not conform to the standard’s of the mainstream lenders
  • Exceptional growth rate on relatively low risk loan book
  • Focus on outsourcing resulting in low cost base
  • Fair value estimate of 748p against current share price of 382p

Publication Date:
October 25 2004