News Column

Regulatory Disclosures, Project Investments, Acquisitions, Interim Results, and Tie-Ups - Analyst Notes on UK Commercial Property, 3i Infrastructure, Entertainment One, Enterprise Inns and GKN

June 17, 2014



LONDON, June 18, 2014 /PRNewswire/ --


Editor Note: For more information about this release, please scroll to bottom.

Today, Earnings Review released its analysts' notes regarding UK Commercial Property Trust Ltd (LON: UKCM), 3i Infrastructure Plc (LON: 3IN), Entertainment One Ltd (LON: ETO), Enterprise Inns Plc (LON: ETI) and GKN Plc (LON: GKN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://earnings-review.com/3841-100free.

UK Commercial Property Trust Ltd Analyst Notes On June 6, 2014, UK Commercial Property Trust Ltd (UK Commercial Property) disclosed in a regulatory filing that the large volume of dealing witnessed in its shares during the session was the result of an internal reallocation of shares at Phoenix Group. The Trust's Board was notified by the Phoenix Group that this dealing is a result of an internal reallocation of 28,439,764 shares between separate legal entities in the Phoenix Group. The full analyst notes on UK Commercial Property are available to download free of charge at:

http://earnings-review.com/3841-UKCM-18Jun2014.pdf

3i Infrastructure Plc Analyst Notes On June 5, 2014, 3i Infrastructure Plc (3i Infrastructure) announced its commitment to invest GBP4.6 million in a primary Public Private Partnership (PPP) project to build a new campus for Ayrshire College in Kilmarnock, Scotland. The Company informed that the project is procured by Ayrshire College and involves the design, build, finance, operation and maintenance of a new college campus in Kilmarnock, against availability-based payments over a concession period of 25 years. According to 3i Infrastructure, the construction is expected to be complete in May 2016. Peter Sedgwick, Chairman, 3i Infrastructure said, "This new investment is in line with the Company's strategy of building its portfolio of primary PPP projects over time, where it can access attractive risk-adjusted returns and enhance the overall portfolio, alongside its European core economic infrastructure portfolio." The full analyst notes on 3i Infrastructure are available to download free of charge at:

http://earnings-review.com/3841-3IN-18Jun2014.pdf

Entertainment One Ltd Analyst Notes On June 2, 2014, Entertainment One Ltd (eOne) announced an agreement to acquire the Toronto-headquartered Phase 4 Films group of companies ("Phase 4") from Berry Meyerowitz, the Founder, President and CEO of Phase 4. The acquisition will unite two independent film distribution leaders in North America under eOne. The Company also simultaneously appointed Meyerowitz as the President of its U.S. Film and Distribution business, which includes overseeing all aspects of film distribution in the U.S. and also oversee the Company's North American label and kids & family content distribution businesses. Also, Meyerowitz and Phase 4's leadership team of Sean Monson and David Richardson have signed long-term contracts to remain with eOne. In a regulatory filing to the London Stock Exchange, eOne informed that acquisition is for a total consideration of C$27 million, satisfied by the issue of 1,412,062 common shares in eOne and approximately C$19.3 million in cash. The full analyst notes on Entertainment One are available to download free of charge at:

http://earnings-review.com/3841-ETO-18Jun2014.pdf

Enterprise Inns Plc Analyst Notes On May 13, 2014, Enterprise Inns Plc (Enterprise Inns) announced financial results for H1 FY 2014 (period ended March 31, 2014). The Company said its like-for-like net income grew1.1% YoY in H1 FY 2014 with steady growth of 0.5% YoY in the first quarter followed by growth of 1.5% YoY in the second quarter. The Company has also marked three consecutive quarters of like-for-like net income growth for the first time since 2008. The Company stated that its profit before tax, excluding exceptional items, in H1 FY 2014 was stable at GBP55 million. EBITDA, before exceptional items, fell 3.9% YoY to GBP147 million, reflecting impact of the Company's asset disposal programme. Enterprise Inns disposed of 129 pubs in H1 FY 2014, generating net proceeds of GBP42 million. The Company's net debt as at March 31, 2014 stood at GBP2.5 billion (H1 2013: GBP2.7 billion). The full analyst notes on Enterprise Inns are available to download free of charge at:

http://earnings-review.com/3841-ETI-18Jun2014.pdf

GKN Plc Analyst Notes On June 12, 2014, GKN Plc (GKN) announced that it has become the official partner of 2014 Formula Student UK, an international motorsport competition aimed at supporting the next generation of young engineers competing to design, build and race Formula One-style racing cars. According to GKN, the contest is run by the Institute of Mechanical Engineers and is part of an international network of competitions designed to encourage young engineering talent so as to prepare future engineers for potential careers. GKN informed that 2014 Formula Student UK will take place on July 9 - 13, 2014 at Silverstone Circuit where GKN will exhibit and meet future engineers. The Company will present two new awards; Lightest Weight and Best Value ICE (Internal Combustion Engine) and Lightest Weight and Best Value Electric Vehicle in the contest. The full analyst notes on GKN are available to download free of charge at:

http://earnings-review.com/3841-GKN-18Jun2014.pdf

EDITOR'S NOTES:

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

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