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7 Pages

Independents: themes from 2012 full-year results

Independents: themes from 2012 full-year results

Report summary

We analyse eight themes from the Independents' Q4 2012 results statements.

What's included?

This report includes 1 file(s)

  • Independents: themes from 2012 full-year results PDF - 334.87 KB 7 Pages, 0 Tables, 4 Figures


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  • Overview

In this report there are 4 tables or charts, including:

  • Overview
    • Investment increased by 18% in 2012, but is expected to flat-line in 2013
    • 2012 was a positive year for production growth, with some stellar performances
    • Overall leverage was up year-on-year
    • Many Independents are trading at big discounts to our base-case commercial valuation
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