Company news: Tesco Sells Dobbies – A Great Business, They Say!
Tesco TSCO confirms that it has sold Dobbies Garden Centres which it has owned since 2007. The CEO says the staff at Dobbies built up a great business – which is of course a good reason for selling it but only if you are desperate for £ 217m. in cash. JD Sports Fashions […]
Company news: Celebrations of a Sort…
Mulberry Group MUL blossomed again in 2015 with profit before tax for the year to 31st March more than tripled from £1.9m. to £6.2m. Like for like retail sales rose by 8% and earnings per share nearly doubled from 2.3p to 4.5p. Digital sales rose by 19% to £21.3m. and now account for 14% […]
Company news, including: Castings – Steady Demand, Heady Dividends
Castings CGS has declared a supplementary dividend of 30p per share in addition to increases in the interim and final dividends to make a total of 13.71p for the year to 30th March. Customer demand is said to be steady. Severfield SFR aims to double underlying profit before tax over the next 4 years and with […]
Company news, including: Ashtead – Dividends Up By 48%
Ashtead AHD continued to go from strength to strength during its fourth quarter ending on the 30th April. Revenue for the quarter rose by 18%, profit before tax by 38% and earnings per share by 44%. This compares very favourably with the full year figures showing rises of 19% in revenue, 24% in profit before […]
Quoted Micro 13 June 2016
ISDX Brewer Shepherd Neame (SHEP) has acquired eight pubs in Kent, Surrey and Sussex from Enterprise Inns. Five existing pubs will switch from tenancies to managed pubs. The two transactions will require a total investment of £13.4m. Shepherd Neame will operate 59 managed and 270 tenanted pubs plus seven under free of tie leases. In […]
Fitbug Still Weak
Fitbug Holdings FITB Despite a disastrous 2015 Fitbug is still surviving with the aid of small loans for working capital and the energetic activities of its new CEO who recognises that the company had failed to deliver. Revenue in 2015 almost halved and losses soared from £3,761,000 to £6,303,000. First quarter sales in 2016 have […]
BlackCabbieTrader John Walsh – Trading idea Friday 10th June
BlackCabbieTrader John Walsh publishes trading ideas every day on his Routemaster blog on the blackcabbietrader.com website. His full watch list, exact entry points, stops loss placement etc. are all published in real time in The Knowledge area of the website. Today’s idea for Friday 10th June is Long WOOF. More here
Tories At War – Sod The Argument, Shoot The Messengers
The Brexit / Remain argument is now a fiasco, with Tory politicians vying with each other to abuse and vilify their colleagues. Perhaps they should remember that they are not speaking in the House of Commons where such behaviour seems to be acceptable. They are addressing a nation of educated adults, a nation which is […]
BlackCabbieTrader John Walsh – Trading idea Thursday 9th June
BlackCabbieTrader John Walsh publishes trading ideas every day on his Routemaster blog on the blackcabbietrader.com website. His full watch list, exact entry points, stops loss placement etc. are all published in real time in The Knowledge area of the website. Today’s idea for Thursday 9th June is Long MO. More here
Home Retail Still Clueless On Customer Overcharging
Home Retail Group HOME Having admitted that its Financial Services division had been overcharging customers on excess fees., has now discovered that the practice was far more widespread than had been initially discovered. There’s a sign of good strong management for you – it can’t even correct its mistakes properly. The result is that it may […]