Ian Pollard – Centrica Faces “High Level Competitive Intensity.”
Centrica CNA has issued a jargon riddled update, which believe it or not ends with the startling claim that the outcome for the year will be dependent on its operational and commercial performance. Well, well what a surprise. To cover itself all ways up it also adds to the list, the impact of an uncertain […]
Andrew Hore – Quoted Micro 14 May 2018
NEX EXCHANGE Ashley House (ASH) is expected to achieve its full year profit target of £1.8m, although that includes a non-cash write back. The health and community care property developer had year-end net debt of £1.5m. The Morgan Sindall joint venture has reached financial close on its first extra care apartments and bungalows scheme […]
IMC Exploration #IMCP – Issue of Equity and Changes of Directorate
IMC has previously announced that it has undertaken a strategic review of all its projects. IMC is now concentrating on its three main ventures: tailings and spoils project in Avoca, Co. Wicklow, the North Wexford gold project and its zinc project located close to the Kilbricken deposit in Tulla, Co. Clare.Focusing on completion of our […]
Ian Pollard – Next #NXT Saved By Online Growth
Next NXT Full price sales for the 14 weeks to the 7th May have risen by 5% compared to last years figures mainly due to online sales jumping by 18.1% whilst retail fell foul of the high street malaise with a fall of 4.8%. First quarter sales were better than expected helped by the recent […]
Ian Pollard – Greggs #GRG Finds Trading Environment Challenging
Greggs GRG found that the trading environment in March and April became challenging and although May has started more strongly, the company is now cautious about the sales outlook for the remainder of the year. Total sales in the first 18 weeks of the year rose by 4.7% but like for like sales in company […]
Salt Lake Potash #SO4 – Align Research – Initiation of Coverage
Mining vast salt lakes in Australia to provide premium fertiliser to help feed the world’s rapidly growing population ASX-listed Salt Lake Potash dual-listed on AIM in 2011 as the uranium play Wildhorse Energy. In 2015, post a restructuring, Australia Salt Lake Potash was acquired, a company which owned two large-scale high-grade Sulphate of Potash (SOP) […]
Andrew Hore – Quoted Micro 7 May 2018
NEX EXCHANGE Forbes Ventures (FOR) has sold its stake in KCR Residential REIT (KCR) for £145,000. The remaining investment is in challenger bank Civilised Investments Ltd. Nigel Quinton, who has run two building societies, has been appointed as finance director of Forbes. Igor Zjali has become a non-executive director. The investment strategy covers disruptive […]
Ian Pollard: Smith & Nephew Impacted By Weak First Quarter
Smith & Nephew SN has produced a mixed performance for the quarter to the 31st March with revenue rising by 5% including currency benefits of 5%. Softer markets and a slowdown in Bioactives were offset by stronger growth in emerging markets which showed a rise of 15% on a reported basis. The trend is expected […]
Ian Pollard: Sainsbury – Embarrassed At The Altar
Sainsbury (J) plc SBRY tries to present itself as the blushing bride dressed in all her finery and waiting at the altar for her handsome suitor. Certainly the blushing is well justified having regard to the way in which the annual figures for the year to the 10th March are presented. On an underlying basis […]
Ken Baksh – May Investment Report-Lot’s going on!
May 2018 Market Report During the month to April 30th, 2018, most major equity markets enjoyed gains, although trading remained volatile against a background of significant geo-political, economic and corporate events. The European Central Bank appeared to become more “dovish” following some lower than expected consumer confidence indicators, affecting both equity and currency markets […]