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3-min Video: Exclusive Early Cycle Indicator poses questions on recovery

16 June 2015 | Analyst Insight

(LONDON) Market expectations of the performance of the world’s metal bashers in full-year 2016 look over-optimistic after Liberum’s proprietary Early Cycle Indicator for May continued to flatline.

The monthly Indicator, created by Liberum’s European Capital Goods Analyst Daniel Cunliffe, weights new orders from the Purchasing Managers Indices versus inventories in Europe (50% of the Index), the US (30%) and China (20%).

Click on the video below to hear Daniel explain the numbers.

ECI DC Thumb

The ECI is 80% correlated with volume growth at giant global industrial firms and offers a six-to-nine month lead on trends. The early cycle refers to the critical period after a slowdown when companies buy smaller items such as ball bearings or drill bits for products sold, or projects delivered, in the near term.

Late cycle refers to major capital expenditure such as factories and power plants that meet rising demand from the early circle.

http://liberum.com/equities/research-disclaimer

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Daniel on Twitter

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Emma Kane 
Karl Wiseman
Amy Williams 

+44 (0)20 7382 4747

Liberum secures best results in 2015 Extel survey

08 June 2015 | Mentions of Liberum

Liberum has today seen the best results in its seven-year history in the latest Extel results, the annual analyst surveys which rank broker and independent research based on the responses from more than 14,000 fund managers and institutional investors.

Liberum has maintained its second place in the key category of Leading Pan European brokerage firm - UK Small & Mid Caps.

The results follow the clean sweep Liberum analysts achieved in May in the Starmine Awards

Starmine-Extel

In the Extel results, Liberum achieved a higher share of the vote than a year ago and attracted almost 60% more votes from professional investors across all sectors than its nearest competitor.

The 2015 results have also seen Liberum rise to Number One in Sales, Trading Execution, Capital Goods and Transport.

We retained our top position in Support Services and Chemicals.

Joe Brent, Liberum's Head of Research, retains his title as #1 Leading Research Analyst on an increased share of the vote.

Transport Analyst Gerald Khoo, Capital Goods Analyst Ben Bourne and Chemicals Analyst Adam Collins all rose to Number One in their respective sectors this year and Joe kept his #1 position in Support Services.

Follow or Contact Liberum

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Email: Liberum@redleafpr.com

Emma Kane 
Karl Wiseman
Amy Williams

+44 (0)20 7382 4747 

Safestyle UK PLC names Liberum Joint Corporate Broker

03 June 2015 | Corporate Brokerships

Safestyle UK PLC (Ticker: SFE LN), a market leader in replacement PVC windows and doors in the UK, has today named Liberum as Joint Corporate Broker.

Safestyle

The AIM-listed, Bradford-based company has a market capitalisation of £159m and has around a 8.5% market share. Last year it manufactured more than 267,000 frames and undertook more than 57,000 installations.

> Safestyle UK investor website

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Press Enquiries: Redleaf Polhill

Email: Liberum@redleafpr.com

Emma Kane 
Karl Wiseman
Amy Williams

+44 (0)20 7382 4747

 

Liberum launches Advanced Trainee Programme for school leavers

14 May 2015 | People

If you're a school leaver with advanced level subjects and an interest in a professional career then the Liberum Advanced Trainee Programme is for you. Click on the image below to download a seven-page PowerPoint about the programme or here for the six things you must know before you apply.

Is It Right For You

 

Liberum recognized as top UK & Ireland brokerage in 2015 StarMine Analyst Awards

12 May 2015 | People

Liberum today saw the best results in its history when five of its analysts secured top three places to dominate the 2015 Thomson Reuters’ StarMine Analyst Awards, making the firm #1 in the UK & Ireland.

(Below clockwise from top left, Ben Davis, David Brockton, Gerald Khoo, Ian Whittaker and centre, Eoin Lambe)

Starmine Analyst Montage 1

The awards are based on objective ratings of sell-side securities analysts and recognise those who demonstrate outstanding performance as stock pickers based and/or earnings forecasters. They cover stock picking during 2014 and earnings estimations from April 1, 2014 to March 31, 2015.

In the UK and Ireland, seven-year-old Liberum achieved the top-three positions across all industries: 

#1: Stock picker overall: Technology Analyst Eoin Lambe
#2: Stock picker overall: Mining Analyst Ben Davis
#3: Stock picker overall: Business Services Analyst David Brockton 

By industry, Liberum achieved:

#1: Business Services stock picker:  David Brockton
#1: Technology & Equipment stock picker and earning estimator: Eoin Lambe
#2: Media stock picker: Ian Whittaker
#3: Transport earnings estimator: Gerald Khoo
#3: Metals and Mining stock picker: Ben Davis 

In Europe, Liberum came in the top three in these industry categories: 

#2: Metals and Mining stock picker: Ben Davis
#3: Technology & Equipment earnings estimator: Eoin Lambe
#3: Business Services stock picker: David Brockton 

“Fund managers are under increasing pressure to deliver returns to their investors and brokers need to demonstrate their value,” said Joe Brent, Head of Research at Liberum. 

“This award is proof that hard work, industry expertise and in depth company analysis at Liberum generates alpha for our clients and is all part of our focus on delivering an excellent service”, he added. 

“Market conditions continued to be challenging as competition among sell-side firms remained fierce, making the analysts’ job as hard as ever,” said Raj Shah, head of StarMine sell-side research at Thomson Reuters.

“Winning analysts were those who were not afraid to make a sell recommendation, and issued estimates that were more timely and accurate than their peers,” he added. 

In 2014 Liberum rose to second place from fifth in the category of Leading Pan European brokerage firm - UK Small & Mid Caps.  Extel ranks broker and independent research based on the responses from more than 16,000 fund managers and institutional investors. 

> Click here for full breakdown of the StarMine winners 

Notes:

The awards measure the performance of sell-side analysts based on the returns of their buy and sell recommendations relative to industry benchmarks; and the accuracy of their earnings estimates in 16 regions across the globe. 

Analysts are awarded prizes in three main categories: stock recommendation performance relative to specific industry benchmarks (“Stock Pickers”), accuracy in forecasting earnings as compared with peers (“Earnings Estimators”) and brokerage firms whose analysts win the most awards (“Most Award-Winning Brokers”).

Follow or Contact Liberum

Twitter: @LiberumToday

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Press Enquiries: Redleaf Polhill

Emma Kane 
Karl Wiseman
Amy Williams

+44 (0)20 7382 4747

We're named Joint Corporate Broker to fastjet Plc

24 April 2015 | Corporate Brokerships

Liberum has been named Joint Corporate Broker to fastjet Plc (Ticker: FJET LN), the AIM-listed, Gatwick-headquartered low-cost airline operating in Sub-Saharan Africa.

It currently operates three Airbus aircraft across three domestic and four international routes (Johannesburg, Lusaka, Harare & Entebbe).

 Fastjet (1)

> fastjet investor presentation

Follow or Contact Liberum

Twitter: @LiberumToday

LinkedIn: Liberum 

Press Enquiries: Redleaf Polhill

Emma Kane 
Karl Wiseman 

+44 (0)20 7382 4747