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Press Archive

Our trading desk provides regular market analysis and timely opinion for the leading national and international press.

 

The Scotsman - One to Watch

12 June 2010

AFTER the "very positive update" from HSBC last month, Galvan Research has made it a "buy" with a price target of 687p. Head of research Andrew Gibson said: "Galvan believes HSBC's broad exposure and spread of risk means the share price weakness since 7 May update is unjustified."

Mail Online - Imps puffed up by disposal talk

24 May 2010

Emergency power group Aggreko gained 19p at 1192p. Galvan Research says the momentum is very much with Aggreko at present. And with the World Cup and other major moneyspinning events still to come in 2010, few would bet against continued growth.

Reuters - Housebuilder Barratt to return to profit in H2

12 May 2010

“While the new ConLib coalition government is set to axe some 6 billion pounds in public spending this year, the new government should provide a favourable trading environment,” said Ed Woolfitt, head of trading at Galvan Research.

Citywire - Election 2010: Put your money in overseas earners as sterling falls

07 May 2010

Andrew Gibson, head of dealing at Galvan Research, said added uncertainty due to the political state of flux is likely to disproportionately punish UK stocks relying on government spending as a key source of income...

Stocks News Europe - Bovis rises on higher house prices

06 May 2010

"Galvan Research still views Bovis as the pick of the housebuilders after the quiet bullishness expressed in the statement today," says Galvan Research analyst Ed Woolfitt...

The Independent - Severn Trent may be a rare rose in winter

26 April 2010

Ed Woolfitt, the head of trading at Galvan Research, said that unless the extreme winter made leakage levels even wrose, Severn Trent shares, which trade at about 1.5 times next year's earnings and yield more than 5 per cent, could be expected "to progress steadily higher".

Irish Times - Thomas Cook leads Footsie as retail results help lift London stocks

26 March 2010

Ed Woolfitt at Galvan Equity Research was impressed by the results and unperturbed by the cautious outlook. "With growth seen in virtually all its markets, the momentum is very much with Kingfisher now and we are projecting a return to year highs of 249p and beyond in the next few weeks as the markets take on board the actual pace of the turnaround,"

Financial Times - Retail results help lift London stocks

25 March 2010

Ed Woolfift at Galvan Equity Research was impressed by the results and unperturbed by the cautious outlook.
He said: "With growth seen in virtually all its markets, the monentum is very much with Kingfisher now and we are projecting a return to year highs of 249p and beyond in the next few weeks as the markets take on board the actual pace of the turnaround."

Kent Business - Kent-based Bovis in the black and buying land again

08 March 2010

Ed Woolfitt, head of trading at Galvan Research, said that as evidence emerged from all quarters of a recovery and in some cases a rapid improvement in the UK housing market, the preliminary results announced today by Bovis "support this scenario and show solid progress."

Daily Express - Phone Giants Do Double

06 March 2010

Broker Galvan said some companies just become too unwieldy to be managed in a consistent fashion.

Irish Times - Standard Chartered and confidence in mining sector pushes Footsie out of red

04 March 2010

"Even though the challenges ahead means the shares remain a speculative play, the ongoing reductions in net debt and improving advertising markets, should mean further progress is likely," said Ed Woolfitt at Galvan Research.

Daily Mail - Rights issue talk sends RSA lower

24 February 2010

TUI Travel lost 7.5p to 261.8p but Galvan Research rates the shares a buy. Not just because of recent suggestions from the Footsie travel company that the worst may be over for its holidays business...

Daily Mail - Market Report: Hammer blow for Connaught

19 February 2010

Galvan Research slapped a ‘buy’ rating and price target of 740p on the company. The only risk is that the impact of the new IsatPhone Pro has already been priced in.

The Independent - Investment Column: Severn Trent may be a rare rose in winter

27 January 2010

Ed Woolfitt, the head of trading at Galvan Research, said that unless the extreme winter made leakage levels even wrose, Severn Trent shares, which trade at about 1.5 times next year's earnings and yield more than 5 per cent, could be expected "to progress steadily higher".

Daily Mail - Qinetiq issues yet another profit alert

15 January 2010

Ed Woolfitt, head of trading at brokerage Galvan Research, questioned the group's financing, saying: 'If the current situation continues, the group could face a solvency crisis sooner rather than later.'

Kent Online - Serco tipped for bright 2010

04 January 2010

Andrew Gibson, head of Galvan Research, said it took the view that Serco’s pre-close trading statement markedly understated the actual prospects for the outsourcing group, considering that double-digit revenue growth is on the cards...

Dow Jones Newswire - British Land Snapping Up Prime Comml Opportunities

30 December 2009

British Land's (BLND.LN) move to acquire Segro's (SGRO.LN) 50% interest in a JV with Tesco (TSCO.LN) shows the company is snapping up prime commercial property opportunities at bargain prices before recovery kicks in, says Ed Woolfitt, head of trading at Galvan Research.

Guardian - FTSE 100 slips below 5400 but Petrofac outperforms

30 December 2009

Ed Woolfitt, head of trading at CFD broker Galvan Research said: This announcement shows British Land is snapping up prime commercial property opportunities at bargain prices before recovery really kicks in...

City AM - What Does The Future Hold For National Express?

22 December 2009

"Following what can only be described as a near catastrophic year for National Express, the underlying revenue trend has stabilised in Q4, in line with the previously reported performance..."

Wall Street Journal - UPDATE: Mouchel Turns Down Takeover Approaches From VT Group

14 December 2009

However, according to Ed Woolfitt, head of trading at Galvan Research and Trading, fellow outsourcing companies Capita Group PLC (CPI.LN) and Serco Group PLC (SRP.LN) also "look set to trigger a bidding war" with counter offers...

247 Bull - Waiting For The Green Light...

10 December 2009

Andrew Gibson, head of research at CFD and spread betting specialist Galvan, has identified some of the companies that could prosper...

City AM - Stagecoach sales on the up as its online arm soars

10 December 2009

While National Express struggles to get a rights issue away and is battling with major shareholder Cosmen, Stagecoach in contrast looks secure, well-funded and ready to benefit from any economic recovery. We expect shares to reach 165p, and go back to year highs over 173p beyond that.

City AM - Best of the Brokers

7 December 2009

Galvan Research says that plenty of time has now elapsed at Wm Morrison to allow the shares to absorb any doubts over a possible like-for-like sales slowdown, and the surprise departure of Marc Bolland...

Daily Express - Experts Predict a Rise in Takeover Activity in 2010

28 November 2009

Andrew Gibson, of spread better Galvan Research, said: "In time, this lack of corporate activity may be viewed as a positive factor. It suggests that if a market can rebound this much without any mergers and acquisitions drive, we could see some real fireworks when further activity emerges, as it inevitably will when the worst of the credit crunch liquidity collapse starts to work itself out."

Guardian - Water company shares buoyant after Ofwat ruling

26 November 2009

Ed Woolfitt, head of trading at spread better Galvan, said: The decision from Ofwat today sets out a mandate for the next five years, and signals that Ofwat are satisfied that customers are getting value for money...

Money Marketing - Paragon profits up to 54m

25 November 2009

Galvan Research head of trading Ed Woolfitt says: "Paragon has reported a promising set of full year numbers, and delivered a strong arrears performance, significantly better than industry average..."

Kent Online - Sales go through the roof for Bovis Homes

18 November 2009

Ed Woolfitt, head of trading at Galvan, said it was a bullish statement from Bovis and he expected shares to "rapidly return to the year highs at 560p and more."

Yorkshire Post - No work yet on retail projects, says developer

3 November 2009

Ed Woolfitt, of Galvan Research, said: "With the market seemingly under-rating the shares and the property sector, we see an opportunity to pick up some stock in the company before a near imminent re-rating occurs."

Yorkshire Post - Stagecoach offer rejected

30 October 2009

Ed Woolfitt, head of trading at Galvan Research, noted that Stagecoach's shares had risen after National Express snubbed its takeover approach.

Bloomberg - CVC Drops National Express Bid; Stagecoach Still Keen

16 October 2009

"Today's development raises the possibility of a direct approach by Stagecoach," said Ed Woolfitt, head of trading at Galvan Research

City AM - Can Wolfson Recover from the Loss of the iPhone?

6 October 2009

"Although Wolfson Microelectronics is confident of ramping up revenues in 2010, today's announcement serves as a revenue and profits warning for the current year. The outperformance by the shares since the interim results makes the current share price look a long way ahead of events."

City AM - Best of the Brokers

18 September 2009

While many insurance sector constituents have seen their respective share prices recover, Galvan Research believes that investors still seeking opportunity should look at Old Mutual as it plays catch up with the rest of the sector.

Yorkshire Post - Lloyds in talks over role in bad debt scheme

18 September 2009

Ed Woolfitt, head of trading at Galvan, said: "The most likely outcome... is for a rights issue or fundraising that will effectively wrest a degree of control and ownership back from HM Government."

Kent Online - Builder reports housing market bottoming out

24 August 2009

"Galvan Research still believe the momentum is very much with housebuilders and construction companies as recovery plays…"

Reuters - Dragon Oil to miss output goal; Enoc talks continue

17 August 2009

"The results today are disappointing in regard to the group's statement that it will undershoot its production growth target," Ed Woolfitt, Head of Trading at Galvan Research, said…

London Evening Standard - New man from the Pru: We'll stick to our formula

13 August 2009

Ed Woolfitt, head of trading at Galvan Research, said: "The Prudential interim results could well provide further impetus for the markets over the summer. The Pru have actually taken a bold step by upping the halfway dividend to reassure investors…

Nebusiness - Greggs sees opportunity for continuing growth

12 August 2009

…And Ed Woolfitt from analysts Galvan said: "Greggs is a great success story for investors and traders, taking into account 24 consecutive years of dividend growth, and a 14% increase in the shares over the past three months."

London Evening Standard - Shares fall at RBS as results put brakes on recovery hope

7 August 2009

Ed Woolfitt, head of trading at Galvan, said of the results: "Although operating profits from the core bank improved, RBS was distinctly more cautious in tone than its rivals looking forward.…

Reuters - Europe shares reach new high for 2009

3 August 2009 - 5:22 AM

"The (Barclays) numbers this morning shows a continuing steady hand at the helm from the same management team that took the key decisions to see Barclays through the crisis," said Ed Woolfitt, Head of Trading at Galvan Research, in a note.

"The numbers have also been delivered in a continuously challenging environment, but are largely in line, with no great surprises. "

Daily Express - High-Tech Firms Slip

29 July 2009

…Shares in ARM, which have gained 50 per cent this year, slipped 3p to 128p. Ed Woolfitt at Galvan Research said ARM was "out on a limb" after a strong run…

Telegraph - Howdens profits fall but outlook good

22 July 2009 - 5:22 PM

Galvan Research, said: "Galiform shares have been hit hard by the credit crunch, and this, coupled with the administration of MFI and Sofa Workshop, has created ongoing issues with property disposals…

Financial Times - London edges higher as retailers gain

21 July 2009 - 8:41 AM

…slow turnaround toward recovery, IG Group is ideally placed to capitalise in a market almost certainly set to deliver sustained trading volumes," said Ed Woolfit at Galvan…

Financial Times - London equities extend winning run

15 July 2009 - 8:34 AM

"We are very bullish on the recovery prospects for the stock," said Ed Woolfit, head of trading at Galvan. "We eventually expect the share price of a fully-funded Rio to…

Kent Online - Housebuilder says market is improving

10 July 2009

Bovis is not paying an interim dividend. Ed Woolfitt, head of trading at Galvan, said the Bovis statement was "further evidence of a bottoming out in the housing market…

City AM - How Does Persimmon's News Affect Your View of the Property Sector?

8 July 2009

Ed Woolfitt | Galvan Research and Trading - "This is good news all round. Like other housebuilders, Persimmon shares benefited from the spring rally. But while the construction and housing industries are experiencing mixed fortunes…

Daily Mail - Itchy feet Martin Gilbert buzzes over takeover

3 July 2009 - 12:59 AM

Independent broker Galvan believes the group is a recession proof niche player whose solid first-quarter figures underlines the growth potential, and the capacity to develop new business…

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