Ian Pollard – United Utilities #UU Ignores Dry Weather Costs
United Utilities Grp UU updates before its full years results are announced on the 23rd May that Group revenue is expected to be higher than last year, largely reflecting allowed regulatory revenue changes. and underlying operating profit for 2018/19 is also expected to be higher than 2017/18. Costs arising from the exceptional period of dry […]
Next Online Surges
Next plc NXT appears to find it amazing that profits for the year to January 2019 are exactly in line with the guidance which the company gave in er… January 2019. There would have been something strange, most people would have thought, had they been different. As with most senior executives they must also claim […]
Ian Pollard – Kingfisher #KGF Not So Chirpy
Kingfisher plc KGF claims that its engine has now been largely rebuilt and it is confident in delivering significant financial benefits but only over time. And looking at results for the year to the 31st January, that time sees nowhere near having arrived. Growth in sales, margin and returns is being targeted but only over […]
Ian Pollard – Polypipe #POLY Breaks More Records
Polypipe Group plc PLP delighted to report another record performance and claims significant strategic progress for 2018 together with a continued focus on organic growth ahead of the market. Revenue rose by 5.2%, profit before tax by 4.7% and underlying basic earnings per share by 4.4% The dividend is to be increased by 4.5% and […]
Ian Pollard – Wetherspoons #JDW, Profits Fall Despite Warm Winter Benefits
Wetherspoons (JD) plc JDW is paying a maintained dividend of 4p per share for the six months to the 27th January. Despite a rise of 7.1% in revenue and 6.3% in like for like sales, profit before tax fell by 18.9% and earnings per share by 18.2%. Chairman Tim Martin, as can be expected, lambasts […]
Ian Pollard – Morrisons #MRW, Divi Up Lads!
Morrisons W.Sprmkts MRW They don’t beat about t’ bush in Bradford and with a total annual dividend rise of over 150% in three years, they’ve no need to. The 12 months to the 3rd February produced a third consecutive year of strong sales and profit growth and a 24.9% rise in total dividends during that […]
Ian Pollard – A Thousand Years Of History, plus #QLT, #DOM, #CCC and #SUN
Today may see the last dying days of a nation whose history was peppered with stirring speeches which matched the mood of the people just at the times when they were most needed, from Agincourt to Shakespeare, the singeing of some minor king of Spains beard, to Waterloo and to Churchill. All men with fire in […]
Ian Pollard – Clarkson #CKN Challenged By Headwinds
Clarkson plc CKN Despite a challenging start to the year Clarkson produced a robust performance for the year to the end of December.Underlying profit before tax fell by 10% and earnings per share declined from 116p to 105p.The CEO is happy with this as it enables the dividend to be increased by 3% making it […]
Andrew Hore – Quoted Micro 11 March 2019
NEX EXCHANGE Brewer Shepherd Neame (SHEP) reported a 1% increase in underlying 2018 pre-tax profit of £5.9m. Pubs provided higher revenues and profit, while the brewery reported a reduction in profit contribution due to the ending of third party contracts and a small decline in volumes of its own beers and ciders. The brewing volumes […]
Ian Pollard – Paddy Power #PPB All of A Flutter
Paddy Power Betfair PPB Somebody at PPB thinks it is a good idea to rename the company Flutter Entertainment plc and hopes that the shareholders will be silly enough to give approval, when they are asked to do so in May. In February the company took podium position (as it calls it ) in Georgia […]