Ian Pollard – McCarthy & Stone MCS supported by large price increases
McCarthy & Stone plc MCS Despite trading in January and February having remained resilient MCS can not avoid sounding a bit worried in today’s update and is relying on trading being weighted towards the second half to help it recover from the first half where it had to rely for support on a large increase […]
Ian Pollard – Ultra Electronics Keeps Shareholders On Side
Ultra Electronics ULE found 2017 to be a challenging year and only modest progress can be expected for 2018. 2017 ended with a strong order intake and a sound balance sheet but basic earnings per share fell by 20%. revenue by 1.3% and both underlying operating profit and underlying profit before tax both fell by […]
Andrew Hore – Quoted Micro 5 March 2018
NEX EXCHANGE VI Mining (VIM) finally made it to NEX on 2 March. The South America-focused miner announced its plans late last year. VI raised £5.36m at 500p a share. That valued the company at £535m. VI is acquiring two gold and silver projects in Peru and owns two toll processing plants. Mechanical and […]
Ken Baksh – March 2018 Market Report. Volatility, unlike the snow,is here to stay!
March 2018 Market Report During the period to February 28th, 2018, major equity markets registered little overall move on balance, but there was a large increase in volatility and day to day movement, leaving some markets, briefly, in “correction” territory earlier this month before recovering some of the fall. The European Central Bank continued […]
Ian Pollard – WPP #WPP, not a pretty year
WPP plc WPP “Not a pretty year” says Sir Martin Sorrell about his companies performance in 2017.Top line growth was flat and operating margins and profits were either flat or only marginally up. To add to the gloom, 2018 has had a slow start which managed to be above budget but in January like for […]
Ian Pollard – ITV – 7% Organic Growth, Excluding Currency!
ITV PLC ITV If you can bother to fight your way through the meaningless jargon with which the preliminary 2017 results are littered you may end up with an idea that Carolyn McCall and her team are very pleased with themselves. They should be because one of their star achievements has been to produce 7% […]
Ian Pollard – Persimmon To Distribute Largesse To The Shareholders
Persimmon PSN describes its 2017 performance as excellent and its continued outperformance as enabling an increase in capital return payments of 125p. per share to be made in each of the next three years, to be paid as an interim dividend in late March / early April of each year, commencing on the 29th March […]
Ian Pollard – Primark Like For Like Sales Drop
Associated British Foods ABF warns that for the first half so far like for like sales at Primark have gone into decline with a 1% fall. This is despite a strong performance in the UK with produced a 4% rise in like for like sales and an 8% overall sales rise which was helped by […]
Andrew Hore – Quoted Micro 26 February 2018
NEX EXCHANGE Blockchain technology investor Coinsilium Group Ltd (COIN) is advising Tutellus Technologies on its upcoming token generation event. Tutellus matches students with teachers in the Spanish-speaking world. The Tutellus token will be used as a medium of exchange for the new blockchain-based platform. Richard Lloyd has been appointed as adviser to Coinsilium’s Gibraltar-based […]
Ian Pollard – Centrica #CNA Chickens Come Home To Roost
Centrica CNA Produced weak second half results, after poor performances in Business Energy and in particular in North America created material uncertainty around the company and resulted in what it admits was a very poor shareholder experience.. A combination of political and regulatory interventions gets part of the blame but Centrica makes no comment as […]