CAPITAL MARKETS

Ireland’s leading Capital Markets advisory team

Bernard Byrne, Head of Capital Markets

"Welcome to Davy. Our Capital Markets team look forward to working with you and earning the right to be your trusted advisor. The goals and ambitions of our clients matter to us and we focus on delivering world-class outcomes for them. The values at the core of our business are: Clients First; Always Growing; and One Team to support the needs of our clients.”

About Us

At Davy, our vision is to be the financial services partner most trusted by our clients and most admired for our people. Our Capital Markets advisory team focuses on Irish and UK corporates with distribution and access to institutional investors across the globe.

At Davy, we deliver world class outcomes to corporate and institutional clients through leading research and insights, expert execution and our strong access to distribution networks. We provide expert equity, debt, strategic and sustainability advice with a deep understanding of global markets, innovative capital raising solutions and specialist advisory capabilities.

Capital Markets is a division of the Davy Group of companies, serving clients for over 90 years.

Davy Capital Markets image of gears against a white background

Institutional Group

Equities | Research

Corporate Group

Corporate Finance | Corporate Broking | Davy Horizons

CAPITAL MARKETS

Ireland’s leading Capital Markets advisory team

Bernard Byrne, Head of Capital Markets

About Us

Institutional Group

Corporate Group

At your service…

Pre-let news positively impacts the investment case

Upgrades from the recent equity raise and acquisitions

Write-back at you

Irish mortgage approvals hit €1.1bn in April, up 107% on 2020

Key metrics improving; increasing price target to €1.36

At your service...

Data support better growth; productivity drives EBIT

Wood, trees and settling dust…

Switching gears

New forecast for UK GDP to grow by 6.7% in 2021

Thesis on surplus capital return remains intact

Hugely geared to a reopening

At your service…

Welcome to the Hostel-world of opportunity!

Delivering to plan – with more to come

Meeting with management; significant untapped potential

Another earnings upgrade as outcome of strategic review awaited

Digital shovels and gold; initiating coverage on an e-commerce growth machine

Customer momentum results in another meaningful upgrade

At your service…

Scope to return close to 50% of share price in the next four years; increase price target to €1.44

Back to the future – the changing banking landscape

Strong Q1; good contract win; earnings upgrades

Emerging from lockdown as strong as ever; increasing price target to €1.31

At your service…

Model update: another upgrade with 2020/2021 earnings forecasts increased by 6%

Positive thesis unchanged, even if recovery is moving to the right; inflection point is coming

Model update: FY22 still uncertain, greater confidence on outer year delivery

Solid momentum into Q1 results; upside risks

MyHome Property Report, Q1 2021

Pedigree and potential

Initiation summary

Hygiene joins the party

The Special Ones

Cashflow improvements underappreciated

Exiting the capital

Speaking our language

US driver + Experts optionality

Testing valuation

All the components, bar value

A more acquisitive animal

Fans of this eVolution

Ireland’s real-time data show softer impact of third lockdown

A brighter future

Wat-kin Jones do for you?

A refocused business, primed for growth

Flutter preferred play on upgraded US TAM forecasts; initiate on DraftKings

Favourable set-up

Raising forecasts following impressive results

In deleveraging mode

Your new best friend

Growth inflection point

Forecast revisions and IPO considerations

Standing strong after 2020

Strong customer momentum drives ‘beat and raise’

Plenty to play for, plenty to play with

A new epoch for virtual collaborating and networking

Key strategic partnerships power the growth profile

Time for fight and flight in the aircraft leasing sector

FY 2020 preview

Minister for Housing focused on supply

No doubts about 2020 resilience but other issues to address

More than the sum of its parts

Ireland’s positive credit cycle should re-emerge post-COVID

Green shoots

Long-term winner, challenging winter

The Green Wave – a multi-year opportunity for the building products sector

Sky darkest before dawn – sun set to rise for short-haul summer

New Irish economic forecasts

2020 forecasts upgraded (again); Grafton remains top pick

Adjusting forecasts – strength of Primark model intact

The correct course of action

Firestone acquisition a significant pivot