Buy Randall & Quilter #RQIH says VectorVest. Company undergoing a transformation through operational streamlining and refocusing into core areas
Bermuda-based Randall & Quilter Investment Holdings (RQIH.L) is a specialist non-life insurance acquirer, service provider and underwriting manager. RQIH generates profits and capital extractions from expert management of legacy non-life insurance acquisitions/reinsurances, including in Lloyds, and generates commission income from its licensed (and rated) carriers in the US and EU/UK, writing niche and profitable programme […]
Ian Pollard – Will bullying Melrose #MRO shareholders win the day?
Melrose MRO Today the gloves are off as Melrose goes to war in its attempts to persuade GKN shareholders to abandon its company. If ever an example was needed as to how the City is no longer a place for gentlemen, Melrose provides it with a hectoring, bullying diatribe threatening GKN shareholders with the terrible […]
Andrew Hore – Quoted Micro 19 March 2018
NEX EXCHANGE Formation Group (FRM) has been repaid its £5m loan for a development in Wembley and it retains a 40% share of the profit of the development. This cash has been used to invest in acquired a 3.44% stake in Proton Partners International, which has an operational proton beam therapy centre in South […]
Ian Pollard – Momentous year for Cineworld #CINE
Cineworld CINE found 2017 to be not only exciting but also the most momentous since its foundation in 1995 as it once again produced record results and took the first steps towards turning itself into the second largest cinema chain in the world with the acquisition of Regal entertainment Group for $3.4bn. This was a […]
Ian Pollard – Morrisons #MRW knows its onions – dividends up by 85.8%
Morrison W Sprmkts. MRW became clear leader of the supermarket pack during the 53weeks to the 4th February, as it enjoyed its third consecutive year of growth, growth which it describes as being meaningful, consistent and sustainable as well as full of confidence and promise for the future. Underlying profit before tax increased by 11%, […]
Ian Pollard – Antofagasta #ANTO increases dividends by 177%
Antofagasta plc ANTO benefited from the rise in the copper price during 2017 and is increasing its total dividends for the year by 177% with a recommendation for a final dividend of 40.6 cents per share, which brings the total payout for the year to 50.9 cents. EBITDA rose by 59% to $2.6 billion and […]
Ian Pollard – Clarkson Sees Recovery In Shipping
Clarkson plc CKN 2017 became the 15th consecutive year of dividend increases after a strong performance showed signs of recovery in shipping markets.Underlying profit before tax rose by 12% with a matching increase in the final dividend whilst earnings per share were up by 11%. Melrose Industries MRO has made an increased and final offer […]
Andrew Hore – Quoted Micro 12 March 2018
NEX EXCHANGE Shepherd Neame (SHEP) improved its interim revenues and underlying pre-tax profit. Revenues were 6% ahead at £84.1m and underlying profit edged up from £5.7m to £5.8m. The interim dividend has been raised from 5.62p a share to 5.75p a share. Net debt was £79.5m. The main growth in revenues was in the […]
Ian Pollard – Immarsat #ISAT strong positive momentum leads to dividend cut.
Immarsat plc ISAT 2017 saw strong positive momentum, in fact so strong that it intends to reduce the level of annual dividend payments to 20 cents per share to ensure that it has sufficient financial resources. It will stay at that level until the cash flow of the business rebuilds enough to justify an increase. […]
Ian Pollard – Rolls Royce impacted by engine issues.
Rolls Royce Holdings RR 2017 was a year of strong recovery, with financial result ahead of expectations. Underlying organic revenue for the year to the 31st December rose by 6%, profit before tax by 25% and earnings per share by 27%. The results were however impacted by the challenge and cost of managing what it […]