Spire by St Brides

Andrew Hore – Quoted Micro 6 August 2018

NEX EXCHANGE         Veni Vidi Vici Ltd (VVV) joined NEX on 2 August. The minerals investment company has net cash of £513,000, following a £490,000 subscription at 50p a share. The focus will be precious metals and base metals opportunities in Australia, Western Europe and North America. Management will concentrate on capital appreciation. EPE Special […]

Ian Pollard – Next #NXT online sales save the day

Next pc NXT Full price sales in the second quarter were up 2.8% on last year and ahead of the 1% expected at the time of the May update. Next believes believe that this over-achievement  was due to the prolonged period of exceptionally warm weather, which greatly assisted  sales of summer weight products.Expectations for the […]

Ian Pollard – Taylor Wimpey Sees Surge In Profits

Taylor Wimpey TW With profit before tax surging by 46.8% during the six months to the first of July Taylor Wimpey saw demand for its homes remain strong in the first half despite some wider macroeconomic uncertainty.The interim ordinary dividend is to be increased from 2.3p per share to 2.44p. The number of homes completed fell […]

Ian Pollard – Ibstock Warns As Production Falls

Ibstock plc IBST updates that demand in the UK brick markets is robust and factories have been producing at, or close to, full capacity for an extended period. Adjusted EBITDA for the six months to the 30th June  is expected to be about £58m  which reflects the impact of bad weather at the start of […]

Andrew Hore – Quoted Micro 30 July 2018

NEX EXCHANGE         Milamber Ventures (MLVP) has signed heads of terms for the acquisition of health and social care training provider Orchard Rock. Milamber will pay up to £1.9m in cash and shares. If the deal goes ahead then there will be an initial cash payment of £800,000. A further £200,000 is payable when the […]

Ian Pollard – Rightmove #RMV warns of consumer confidence worries

Rightmove RMV provides another warning from the housing industry that all is not well. Transactions in the first half of the year fell by 5% compared to last year and today’s update warns that economic conditions in the UK are such that consumer confidence may be impacted which could in turn affect the level of […]

Ian Pollard – European Air Traffic Control Hits Wizz Air #WIZZ

Wizz Air Holdings WIZZ Profit for the first quarter to the 30th June  fell 14% from 58.1m. to €50.0 million,   compared to 2017 reflecting the timing of Easter and the effect of higher than expected disruption costs. Passengers carried rose by 19.7% and revenue by17.9% but profit margins were down by 3.3ppts from 12.4 to […]