Spire by St Brides

Ian Pollard – Direct Line #DLG delivers a robust fall in premiums

Direct Line Ins. Group DLG claims to have delivered a robust third quarter performance in a competitive market. Robust in this particular case being defined as a fall of 5.6% in gross written premiums, compared to the same quarter in 2017, Perhaps this is a definition which not many outside the company could bring themselves […]

Ken Baksh – November Market Report – Is it safe to put a toe in?

November 2018 Market Report During the month to October 31st, 2018, major equity markets displayed a very weak trend, falling by 8.52% overall and the VIX index rose sharply to 22.05. The month was the worst equity performance for more than six years. There continued to be an abundance of market moving news over what […]

Andrew Hore – Quoted Micro 5 November 2018

NEX EXCHANGE         Brewer Shepherd Neame (SHEP) has secured long-term facilities of £50m, which expires in 2023, and a £35m private placement of loan notes with BAE Systems Pensions Fund which lasts for 20 years. These replace existing loans. A revaluation of pub assets has delivered a £24m gain on book value. Mechanical and electrical […]

Ian Pollard – #BT Riddled In Jargon But ARPU is up 1%

BT Group plc BT.A claims that positive momentum in the second quarter resulted in encouraging results for the half year to the 30th September.That may be so but you will have to take BTs word for it because the update is riddled in jargon that much of it is meaningless to anybody who has not […]

Ian Pollard: Fastjet On The Brink

Fastjet plc FJET admits that it has not received the additional funding which it needed by the end of October if it was to continue operating, It has however been able to continue operating beyond that deadline due to some improvement in trading and cash generation. This has allowed it further time to continue discussions […]

Ian Pollard – #BP Firing Strongly On All Fronts

BP plc BP Delivered strong earnings and cash flow as well as a strong third quarter operating performance  Underlying replacement cost profit was $3.8 billion, more than double a year earlier and the highest quarterly result in more than five years. Reliability was very good , with the highest quarterly refining availability for 15 years. […]

Andrew Hore: Quoted Micro 29 October 2018

NEX EXCHANGE Auxico Resources Canada Inc (AUAG) has added a NEX quotation to its year-old Canadian Stock Exchange listing. Auxico has mineral properties in Colombia and Mexico. There is already a UK investor base. Chapel Down Group (CDGP) had a bumper 2018 harvest that was 125% ahead of the previous best, thanks to the hot […]