| FINANCE Stockbroking Survey 2004: Davy, Goodbody and Merrion all improve |
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| Davy, Goodbody and Merrion have all put in good all-round performances in this year’s FINANCE Annual Stockbroking Survey 2004. Davy topped the league table by winning the most categories at fifteen, compared to its twelve last year. Goodbody has also improved its performance in this year’s survey by winning eleven titles, up from nine last year, while Merrion has out-performed last year’s results, winning four titles in total, including 'Analyst of the Year' for Seamus Murphy. |
Davy Stockbrokers has put in a splendid performance in this year’s survey, winning fifteen titles overall. Interestingly, none of these wins were in the categories introduced this year - ‘Best telecoms analyst’, ‘Best bond research products’ and ‘Best international equity research (excluding Irish equities)’. ‘Best resources analyst’ was re-introduced this year. | | Seamus Murphy, Merrion, 'Analyst of the Year' 2005 |
In a super survey for Davy, the firm won several key categories, including ‘Best Irish equity research overall’, ‘Best sales/trading service/execution/ability to deal in size', and ’Best overall financial team (research and sales)’. Its analysts also did well, with Donal O’Mahony taking the ‘Best bond economist’, and long-time winner John O’Reilly holding on to his ‘Best food & agribusiness’ award. Also, Robbie Kelleher has won back the ‘Best equity strategist’ title.
Although Davy recouped the ‘Best Irish equity research’ title this year, Goodbody also performed very well, winning a total of eleven categories. In the ‘Best analyst’ categories, it has been a real turn-around for Goodbody, as the firm now dominates this section, winning eight of the twelve categories. In particular, Neil Clifford had a stellar performance winning four awards. Elsewhere Joe Gill, Ian Hunter and Robert Eason held on to their titles from last year. In the research section, Goodbody took one title, for its morning research notes, while its economist Colin Hunt took the ‘Best research economist’ title for the last time.
In bonds, Goodbody’s performance was notable for Liam Lynch’s success in the ‘Best bond analyst’ category. This is the first time that Goodbody has won this award.
Although NCB was runner-up or second runner-up in several categories, including John Sheehan in the ‘Best mid-cap industrials’, it only took one title this year, ‘Best international equity research’ (Excluding Irish equities). As part of the European Securities Network (ESN), the firm has access to over research on over 1,300 European stocks.
Newcomer Merrion has had a great year, winning four categories outright, up from its two titles last year. Last year’s ‘Best financials analyst’ Seamus Murphy held onto his title this year, but was also voted as the overall ‘Analyst of the Year’. This is the first time that Merrion has won this award. In another first for Merrion, Adrian O’Carroll pipped Davy’s David Smith to the post in the ‘Best equity salesperson’ category. In previous years Davy and NCB dominated this section, with NCB’s Jim O’Donovan winning the title for nine years in a row, and Davy’s Smith winning for the past three years. As was the case last year, recognising perhaps Merrion’s position as an independent stockbroking firm, it won the ‘Best for objectivity of equity research’ category.
In bonds, AIB’s Primary Dealer Unit did not perform as well as it did in 2003, losing out to Deutsche Bank and Davy in a number of categories. ABN AMRO took a title this year, its first in a number of years. It won ‘Best for charges/commission’ in the bonds section.
For the full survey, please click here. |
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