Edison Investment Research

Research results

Senior

Capturing market share

QuickView | Aerospace & Defence | 28/02/2012

Senior’s results were a record, with strong growth in revenue, profit and earnings driven by increased volumes and operational improvements. Wit...

Greenwich Loan Income Fund

More cash, more dividend

Outlook | Investment Companies | 20/01/2012

Greenwich Loan Income Fund (GLIF) is a closed-ended investment vehicle in the US mid-corporate senior secured debt market. In the past year it has bee...

Wolf Minerals

Pre-development works

QuickView | Mining | 06/01/2012

We attended a site tour of Wolf Minerals’ world-class Hemerdon tungsten project in Devon, England, on 16 December 2011. Media reports of the UK&...

Central Asia Metals

Kounrad official opening

Flash note | Mining | 12/12/2011

Central Asia Metals has announced that on 9 December it formally opened its Kounrad copper project in Kazakshtan. While the opening was largely ceremo...

Carador Income Fund

Loans in wolves' clothing

Outlook | Investment Companies | 08/11/2011

Carador Income Fund (CIFU), managed by GSO Capital Partners (of the Blackstone Group) is exposed to mainly US corporate senior secured loans via inves...

Senior

Buoyant civil aerospace

QuickView | Aerospace & Defence | 27/10/2011

Senior’s IMS and investor seminar demonstrated the strength of the forthcoming pipeline of civil aerospace business. We were also impressed with...

Ablon Group

Debt & portfolio progress

Review | Property | 02/09/2011

Although recent stock market volatility has triggered weaker share performance, the period post the successful rights issue in April did see a justifi...

Merchant Securities Group

Senior appointments

Flash note | Financials | 08/06/2011

In our May initiation, we highlighted the significant changes in management at Merchant Securities. This has continued with the appointments of Chris ...

HarbourVest Senior Loans Europe

New issuance

QuickView | Investment Companies | 15/04/2011

Launched in May 2010, HarbourVest Senior Loans Europe (HSLE) had, as at 31 March 2011, completed on or committed to investments that represent c 84% o...

Senior

Improving visibility

QuickView | Aerospace & Defence | 01/03/2011

Senior’s results highlighted that recovery in the majority of its end markets is underway, with market share gains and efficiency improvements also ...

Greenwich Loan Income Fund

Reality over sentiment

Outlook | Investment Companies | 08/02/2011

GLIF is a closed-ended investment vehicle in the US mid-corporate senior secured debt market. It has a complex structure that saved the company in 200...

Continental Coal

New coal on the block

Outlook | Mining | 07/12/2010

Within a year, Continental Coal has transformed itself from a junior explorer to a mid-tier producer of thermal coal in South Africa. The company’s ...

KCOM Group

Outlook improving

Update | Electronics & Electrical Equipment | 20/07/2010

Despite consistent delivery on all fronts, KCOM has underperformed the UK market by over 10% during the past month. We do not feel this is justified. ...

Vernalis

A new Vernalis emerges

Outlook | Pharmaceutical & Healthcare | 30/06/2009

A simplified and slimmed-down business led by a new senior management team, with near-term news flow expected on clinical trials and/or partnering act...

Asterand

Profitable tissue specialist

Outlook | Pharmaceutical & Healthcare | 02/04/2009

Following a senior executive overhaul and adoption of a new strategy, Asterand has established itself as a profitable business offering considerable r...

Unbowed by headwinds

QuickView | Engineering | 11/03/2009

Senior’s shares have underperformed the market, falling from 110p in September 2008 to 25.5p currently. The market appears focused on its exposur...

Weathering the storm

QuickView | Engineering | 16/12/2008

The striking points from today’s trading statement and recent management meetings are how management has secured financing in the current climat...

SQS Software Quality Systems AG

Validates strategy

Update | Technology | 16/06/2008

The acquisition of Scandinavian based Validate for €16.4m is consistent with the strategy of expanding the European footprint. Previous similarl...

Cyclical opportunity

Meeting Note - Final results | Investment Companies | 29/05/2008

The virtual closure of the ABS and CDO markets presents an enormous opportunity for cash investors like ICG in the global LBO financing market. In Eur...

Travelzest

Mouthwatering

Company Comment - Full year results | Travel & Leisure | 05/02/2007

Travelzest is making quick work of marrying online distribution with high-margin specialist tour operations. In little more than a year a clutch of n...

Company Comment | Senior | 08/08/2005

Interim results...