Tritax Eurobox (GBP) (EBOX)

Sector:

Real Estate

Index:

FTSE 250

53.00p
   
  • Change Today:
      0.40p
  • 52 Week High: 69.30
  • 52 Week Low: 44.05
  • Currency: UK Pounds
  • Shares Issued: 806.80m
  • Volume: 335,842
  • Market Cap: £427.61m
  • RiskGrade: 108

Sunday share tips: Greencore, Tritax EuroBox

By Alexander Bueso

Date: Sunday 28 Feb 2021

LONDON (ShareCast) - (Sharecast News) - It's always darkest just before the dawn, The Sunday Times's Sabah Meddings said of Greencore in her 'Inside the City' column.


The food producer's shares have started to recover after hitting bottom in October, towards the end of the first wave of Covid-19.

In what is anticipated will be a boon for the stock, schools are due to reopen on 8 March, although indoor eating at cafes or restaurants will not be possible until 17 May.

Its products are already stocked at grocers and the company has been increasing its trade with cafes.

Furthermore, unlike rival Gregg's, Greencore's valuation has yet to return to its pre-pandemic level, leaving its shares 'undervalued', according to analysts at ShoreCap, who believe the company is in the "darkest stage before a quick brightening of the commercial sky".

The firm has indeed seen dark times, with pre-tax profits down from £92.3m to £17.3m over the year ending on 25 September.

It was also forced to raise £90m via a share placing in November.

"The Dublin-based company tends to be tightly run and could be well placed to benefit from a summer recovery," Meddings said.

"Two years ago, this column warned investors to leave it on the shelf. Today, it is time to bite back in. Analysts agree: HSBC has a 170p target on the stock.

"This time, it's a buy."



The Financial Mail on Sunday's Midas column tipped shares of Tritax EuroBox to its readers, pointing out the company's good growth prospects.

Like Tritax BigBox, its bigger cousin, the firm runs distribution centres, but on the Continent and not the UK, including for retail giants such as Inditex in Barcelona, for Amazon in Rome and for Abbott Laboratories in the Netherlands.

While ecommerce is less developed on the Continent it's growing fast on the heels of the pandemic, Midas pointed out.

For the year to September, EuroBox said that profits had more than doubled, its portfolio had increased in value and rents were up by nearly 17%.

That led the firm to hike its dividend by nearly 14%, which was followed by the announcement of a £174m equity raise with applications for the latter open until 5 March.

Those monies will be funneled into the group's expansion plans in Germany and Italy and should lower the company's borrowing costs while creating more opportunities for expansion.

To take note of, said the tipster, EuroBox has the ability to acquire properties for its distribution centres more cheaply than rivals.

"Tritax EuroBox is a respected player in a fast-growing market.

"The share offer, at £1.03, looks attractive, particularly as the company is committed to long-term dividend growth."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

EBOX Market Data

Currency UK Pounds
Share Price 53.00p
Change Today 0.40p
% Change 0.76 %
52 Week High 69.30
52 Week Low 44.05
Volume 335,842
Shares Issued 806.80m
Market Cap £427.61m
RiskGrade 108

EBOX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.63% above the market average69.63% above the market average69.63% above the market average69.63% above the market average69.63% above the market average
80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average
Price Trend
22.97% below the market average22.97% below the market average22.97% below the market average22.97% below the market average22.97% below the market average
34.88% below the sector average34.88% below the sector average34.88% below the sector average34.88% below the sector average34.88% below the sector average
Income
91.92% above the market average91.92% above the market average91.92% above the market average91.92% above the market average91.92% above the market average
93.55% above the sector average93.55% above the sector average93.55% above the sector average93.55% above the sector average93.55% above the sector average
Growth
4.68% below the market average4.68% below the market average4.68% below the market average4.68% below the market average4.68% below the market average
38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

EBOX Dividends

  Latest Previous
  Q1 Q4
Ex-Div 22-Feb-24 14-Dec-23
Paid 14-Mar-24 12-Jan-24
Amount 1.25¢ 1.25¢

Trades for 28-Mar-2024

Time Volume / Share Price
13:53 19,286 @ 53.07p
12:59 61 @ 53.00p
12:59 28 @ 53.00p
12:49 20 @ 53.20p
12:46 22,441 @ 53.02p

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