Spire by St Brides

Andrew Hore – Quoted Micro 16 July 2018

NEX EXCHANGE         Hotel operator Hydro Hotel, Eastbourne (HYDP) reported flat interim revenues of £1.51m in the six months to April 2018, during a period where building repairs were undertaken. Higher overheads and maintenance costs meant that the loss increased from £153,000 to £200,000. There is £635,000 in the bank. AfriAg Global (AFRI) has raised […]

Ian Pollard: Dart Group To Substantially Exceed Expectations In 2019

Dart Group plc DTG is proposing to increase its final dividend by 54 % after strong passenger growth for both Jet2.com and Jet2holidays saw revenue for the year to the 30th June increase by 38%. Profit before tax rose by 49% and basic earnings per share by 44%. Demand  has strengthened even more since the […]

Ian Pollard – Burberry #BRBY Forced To Adopt Meaningless Jargon

Burberry Group BRBY   claims to have completed global roll out of new digital clienteling tool. Despite this first quarter comparable sales have grown 3%, which it finds pleasing.Even worse in the jargon stakes it is engaging consumers with frequent and sometimes unexpected “drops of fresh product”.  The final insult to the intelligence of its […]

Ian Pollard – Ocado Slumps To Half Year Loss

Ocado OCDO The 26 weeks to the third of June was a transformational period for Ocado, claims the CEO but perhaps not the sort of transformation which every company would welcome. Group EBITDA fell by 13.9% and 2017’s first half profit before tax of £7.7m was transformed into a loss of £9m.for the current year. […]

Legendary Investments (LEG) – Trading Update

Legendary is pleased to provide its trading update ahead of its full year figures for the year ended 31 March 2018. Figures below are estimated and are unaudited: Investments up to £6.2m (2017: £4.3m), a rise of 46.5% Net assets up to £6.0m (2017: £4.7m), a rise of 27.7% Net profit at £665k (2017: loss […]

Ian Pollard – Housebuilders In Cloud Cuckoo Land

Bovis Homes BVG delivered a total of 1,580 completions in the half year to the 3oth June, slightly ahead of  expectations and an increase of 4% on the previous year. Average selling prices for private houses only managed by a whisker to avoid falling into negative territory at £335,000 compared to last years £334,700. The […]

Ian Pollard – Sainsbury’s Investment in Price Cuts Pays Off

Sainsbury J SBRY First quarter sales for the 16 weeks to the 30th June saw a continuation of the improving volume trend which became evident in the second half of last year. Like for like retail sales grew by 0.2% excluding fuel and grocery sales rose by 0.5% helped by online grocery growth of 7.3% […]

Ian Pollard – Wizz Air #WIZZ increases capacity by 20% and fills it!

Wizz Air Holdings WIZZ opened six new routes in June and took delivery of 4 brand new A320 family aircraft, taking the flee to 102. Seat capacity increased by 20.5% over June. 2017 whilst  passenger numbers rose by 21.8% and load factor was up by 1pp to 93.3% RM plc RM The first six months […]

Ken Baksh: July Investment Report – Bumpy ride ahead…..Hang on to your hats!

July  2018 Market Report During the month to June 29th, 2018, major equity markets displayed a mixed trend, dropping overall and with considerable individual market and day to day variation. There was an abundance of market moving news over the period whether at corporate, economic or political level.  The European Central Bank appeared to become […]