Spire by St Brides

Quoted Micro 6 February 2017

NEX EXCHANGE Bondholders in US-focused oil and gas company Diversified Gas & Oil (DOIL) have overwhelmingly opted to take the cash alternative ahead of the flotation of the ordinary shares on AIM on 3 February. A total of £10.35m worth of bonds (97.1% of bonds in issue) are taking cash, while £198,000 of bonds will […]

Johnston Press Blames Brexit, Sterling and Headwinds

Johnston Press JPR saw total revenue fall for the year to 31st December, blame being directed wherever it will not show the board and management in a bad light. Summer trading was difficult and Brexit gets the blame for that by creating uncertainty. In quarter 3 severe headwinds were blamed for a 7% decline in […]

Centamin Sees Strong Growth

Centamin CEY Profit before tax for the year to the end of December  grew strongly from $58,407,000 to $266,829,000, as 2016 became the 7th consecutive year of production growth. Profit sharing with the Egyptian government started in quarter 3 and a final dividend of 13.6 US cents is proposed. Production rose by 26% whilst production […]

Severn Trent Lost For Words

Severn Trent SVT  Expects net Customer Outcome Delivery Incentive Rewards ODI will be ahead of previous guidance for 2016 -17 and will meet or exceed last years level.  This must be a good thing because it follows a strong operational performance in the three months to 31st December. All fine and good but what does it […]

Quoted Micro 30 January 2017

NEX / ISDX There was a sharp improvement in operating profit from £120,006 to £213,657 at Hydro Hotel, Eastbourne (HYDP) in the year to October 2016. Revenues improved from £3.13m to £3.21m, while gross margin jumped from 9.9% to 13.6%. Pre-tax profit rose from £133,576 to £224,352. Improved marketing has helped to boost trade but […]

Filtronic Returns to Profitability

Filtronic FTC traded strongly in the first half and returned to profitability as revenue leapt from £4.5m to £21.6m and turning last years half time loss of £4.1m into a profit of £1.8m. Increased sales of its main antenna product, and strengthening of its Wireless sales team were responsible for the turnaround. The Chairman went […]

Major Companies Blame Challenging Conditions Again

Rank Group RNK met challenging trading conditions in the 6 months to 31st December but is still raising its interim dividend by 11% after a fall of 17% in profit before tax and 14% in basic earnings per share. Like for like group revenue for the half year rose by 2%. Nothing like raising  a […]

W. H. Smith “Strong Group Performance” as High Street Falls 4%

W.H. Smith SMWH claims a strong performance across the group for the 21 weeks to 21st January, presumably hoping that nobody will go as far as reading the actual figures which show that High Street revenue actually fell by 4% and only travel revenue with a 10% increase, saved the day enabling Smiths to show […]

PZ Cussons Beaten By An Expected Backdrop of Challenges

PZ Cussons PZC produces one of the strangest apologias for a bad performance, seen in recent months. It faced, they claim, a backdrop full of challenges across most of the markets where they operate and as these were expected, the bad results present a solid performance. What is the logic or thinking behind that, one […]