Daily Stock Market Report (Fri 14 Mar 2025) - IQE, LABS, VANQ, SAG/RCDO, THRL, BOY, BKG
Good morning! It has been a hectic week for results, but we're expecting a quieter day today. Today's Agenda is now complete.
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Companies Reporting
Name (Mkt Cap)RNSSummaryOur view (Author)Berkeley group (LON:BKG) (£3.3bn)Trading StatementReaffirms earnings guidance - at least £975m of PBT across FY25 (£525m) and FY26 (£450m)AMBER (Graham) [no section below]Profit guidance is impressive and puts the shares on a PER of about 10x for FY April 2026. Berkeley have been aggressively buying back their shares but the share price has been above the stock's last-reported NAV so this isn't helping to grow official NAV. At this earnings multiple and with no discount to official NAV, I can't get away from a neutral stance.Bodycote (LON:BOY) (£1.14bn)Full year resultsSP down 7%Revenue remains under some...