Ian Pollard – Persimmon Homes #PSN strong performance to continue in H2
Persimmon Homes plc PSN proclaims that strong results for the half year to the 30th June reflect the continued successful delivery of the Group’s long term strategy. Profit before tax and basic earnings per share both rose by 13%, group revenue by 5% and new home sales by 4%. Forward sales are 6% ahead of […]
Andrew Hore – Quoted Micro 20 August 2018
NEX EXCHANGE Health and community care properties developer Ashley House (ASH) reported a much-improved profit for the year to April 2018. There was a strong second half performance because of the completion of four schemes. Full year revenues were flat at £18.5m, while pre-tax profit jumped from less than £100,000 to £1.8m, although that […]
Ian Pollard – Rank #RNK raises dividend after year of decline and disappointment
Rank Group RNK the year to the 30th June was a year of decline and disappointment which for some reason has left the Board full of confidence. The results are in line with the Boards expectations but only expectations which had been revised during the year. For Grosvenor Casinos the year was a challenging one […]
Ian Pollard: Hothschild Starts Delivering Exciting Results
Hochschild Mining HOC is increasing its interim dividend by 42% for the six months to the 30th June, as the exploration pogramme starts delivering exciting results. Attributable gold production for the half year rose by 14% and silver by 8%. Adjusted basic earnings per share were up by 67%. Record gold production at Immaculada helped […]
Ian Pollard – From Robust Falls to Negative Net Churn – Silly Season Here Again
Marshall Motor Holdings MMH describes its first half performance as robust with continuing underlying profit before tax up 1.2% on last years first half record of £16.2m. Like for like new unit sales to retail customers fell by 5.9% and used sales were down by 0.3% although strong growth in margins of 7.2% helped to […]
Andrew Hore – Quoted Micro 13 August 2018
NEX EXCHANGE Brewer Adnams (ADB) grew its turnover by 7% to £35.5m in the first half of 2018 but there was an underlying operating loss and lower gains from asset disposals. The reported pre-tax loss increased from £284,000 to £840,000. The second half is always more profitable. Depreciation is higher due to investment in the […]
Ian Pollard – Oilex Requests Halt On ASX
Oilex Ltd OEX has requested an immediate trading halt in the Company’s securities on the AustralianStock Exchange from the commencement of trading on Friday 10 August 2018. Oilex has asked for the halt to remain in place until the earlier of such time as it makes an announcement to the market in relation to the […]
Ian Pollard: Bellway Enjoys Inflation Beating Price Increases
Bellway BWY updates that it has broken through the 10,000 homes barrier for the first time in its history, with an increase of 6.9% to a total of 10,307 for the year to the 31st July. Market conditions have remained favourable, trading and customer confidence have been robust, enabling the average selling price to be […]
Ian Pollard – Intercontinental Hotels #IHG strong first half
Interco.Hotels Grp IHG produced a strong first half performance across all regions with underlying operating profit up 8% and underlying EPS up 25%. The interim dividend is increased by 10%. Hotel demand in the US is strong but momentum is led by Greater China, where double digit growth has been achieved in both RevPAR and […]
Ian Pollard – HSBC Believes It Is Enhancing Its Reputation
HSBC Holdings HSBA saw growth in operating expenses easily outstrip the banks increase in revenue. Todays interim results reveal reveal that during the first half, revenue rose by 4% whilst operating expenses grew by 7%., or 8% on an adjusted basis. Adjusted profit before tax fell by 2%. The Group Chairman descended from on high […]