Director, Pearl Hill Advisors

Nicholas Tanner

Director

Pearl Hill Advisors

Equity Bottom-Up

<p>80% of this company’s business is facility construction, the bulk of which is heating, ventilation and air-conditioning (HVAC) work. About 50% is renewal and 50% is for new buildings, though over the last few years new work is a larger proportion given strong pre-Olympic demand. The company has about 10% share of the market for public works, completing with Daidan (1980), Taikisha (1979), Takasago Thermal (1969) and Shin Nippon Air Technologies (1952).</p><p>In 2006 it had sales of Y240bn, last year…</p>

80% of this company’s business is facility construction, the bulk of which is heating, ventilation and air-conditioning (HVAC) work. About 50% is renewal and 50% is for new buildings, though over the last few years new work is a larger proportion given strong pre-Olympic demand. The company has about 10% share of the market for public works, completing with Daidan (1980), Taikisha (1979), Takasago Thermal (1969) and Shin Nippon Air Technologies (1952).In 2006 it had sales of Y240bn, last year…

Sanki Engineering (1961) Buy Backs and Share Cancellations Look Set to Continue.

Doing bespoke work since 2002....., Custom Products Group

Patrick Hansen

Doing bespoke work since 2002.....

Custom Products Group

Custom Products was started 14 years ago at Lehman Brothers by current co-founder Patrick Hansen, CFA. After 3 years at Lehman, Patrick moved the team to Macquarie Securities where Simon Rigney (co-founder) joined. 3 years ago we took Custom Products independent. 

Our core strength can be summed up three words. 1- Customization - we have very little off the shelf products and most work is done on a one on one bespoke basis. 2- Speed - We pride ourselves in our ability to get requests back to the client very quickly. 3- Confidentiality - We do not redistribute. There is no grace period where we wait a week and then mass blast. Any request stops with that client.

<p>With a couple weeks left before year-end Earnings Season really starts up there is still time for companies to adjust their full-year guidance. We went back over the last 7 years to find which companies historical wait until the last minute to adjust numbers. To eliminate noise we only screened for Net Income guidance changes greater than absolute 10%.</p><h2>Screen Criteria</h2><ol>
<li>Earnings Results were always announced in May (Do want to pick up any rollovers)</li>
<li>Only March year-end names</li>
<li>The guidance change is…</li>
</ol>

With a couple weeks left before year-end Earnings Season really starts up there is still time for companies to adjust their full-year guidance. We went back over the last 7 years to find which companies historical wait until the last minute to adjust numbers. To eliminate noise we only screened for Net Income guidance changes greater than absolute 10%.Screen Criteria
Earnings Results were always announced in May (Do want to pick up any rollovers)
Only March year-end names
The guidance change is…


Which Companies in Japan Revise Guidance in April....

Japan

Sanki Engineering Co., Ltd. performs electrical engineering works in buildings and plants.  Those works include air-conditioning and data communication facilities.  The Company, a member of the Mitsui Group, also constructs water supply and sanitation facilities.  Sanki, through its subsidiaries, operates real estate businesses.

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Sanki Engineering (1961 JP)

Which Companies in Japan Revise Guidance in April....

With a couple weeks left before year-end Earnings Season really starts up there is still time for companies to adjust their full-year guidance. We...

Custom Products Group

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52-week Range

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Sanki Engineering (1961) Buy Backs and Share Cancellations Look Set to Continue.

80% of this company’s business is facility construction, the bulk of which is heating, ventilation and air-conditioning (HVAC) work. About 50% is...

Pearl Hill Advisors

Which Companies in Japan Revise Guidance in April....

With a couple weeks left before year-end Earnings Season really starts up there is still time for companies to adjust their full-year guidance. We...

Custom Products Group