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Ian Pollard – Hornby #HRN – plagued again by late deliveries

Hornby plc HRN claims for the umpteenth time that it is at last getting its act together over the delivery problems which have been plaguing it for years. It introduced a new strategy to increase sales which failed to do so because it involved putting an end to discounting. which, not surprisingly led directly to […]

Andrew Hore – Quoted Micro 2 April 2018

NEX EXCHANGE    Sativa Investments (SAPI) joined NEX on 29 March after raising £1.1m at 1p a share. The share price has already reached 3.125p. Sativa has £1.5m in cash that it can invest in businesses involved in medicinal cannabis. The initial focus is Canada. Capital for Colleagues (CFCP) reported a slight reduction in NAV […]

Ken Baksh – April Investment Report – New quarter, new hope!

April 2018 Market Report During the quarter to March 29th, 2018, all major equity markets suffered marked declines leaving some indices down near 10% year to date, while the VIX rose significantly to 19.94. Globally, a “perfect storm” of rising interest rates, stock specifics e.g. Facebook, and the growing threat of a trade war were […]

Ian Pollard – DX Group Begins To Deliver

DX (Group) plc DX The half year results for the six months to the 31st December reflected what the company describes as ” another challenging period” but the new management team has set the business on the road to recovery and long term profitable growth. Net new business in the last two months has been at […]

Andrew Hore – Quoted Micro 26 March 2018

NEX EXCHANGE    Continuing revenues from renewable energy supplier Good Energy (GOOD) increased from £89.7m to £104.5m but underlying pre-tax profit was nearly two-thirds lower at £734,000 due to higher admin and interest costs. There was also a decline in gross margin. An increase in working capital meant that there was a £4.92m cash outflow […]

Ian Pollard – Reckitt Benckiser #RB – Egg on face & seeking wriggle room

Reckitt Benckiser RB is left wiping  egg off its face as it abandons its proposal to acquire part of Pfizers Consumer Health Care business. The CEO finds himself squirming with some embarrassment as he tries to wriggle his way out of a situation which he seems to admit they should not have got into in […]

Ian Pollard – “Good Progress” at Kingfisher #KGF as profits & earnings dive

Kingfisher KGF claims to have delivered key strategic milestones for the second year in a row as  statutory profit before tax fall by 10.1% and basic earnings per share by 18.5%. Definately a milestone of some sort there. Even the CEO joins in claiming this is all good progress.On a reported and adjusted basis earnings […]

Ian Pollard – Will bullying Melrose #MRO shareholders win the day?

Melrose MRO Today the gloves are off as Melrose goes to war in its attempts to persuade GKN shareholders to abandon its company. If ever an example was needed as to how the City is no longer a place for gentlemen, Melrose provides it with a hectoring, bullying diatribe threatening GKN shareholders with the terrible […]

Andrew Hore – Quoted Micro 19 March 2018

NEX EXCHANGE    Formation Group (FRM) has been repaid its £5m loan for a development in Wembley and it retains a 40% share of the profit of the development. This cash has been used to invest in acquired a 3.44% stake in Proton Partners International, which has an operational proton beam therapy centre in South […]