Spire by St Brides

Ian Pollard – Filtronic Interim Profit Halved

Filtronic FTC has seen its strategy result in new contract wins but too late to prevent the first half turning into something of a disaster.. Revenue for the 6 months to the 30th November plunged from £21.6m to £12.8m and operating profit halved to £0.9m. The second half is not expected to be any better […]

Ian Pollard – easy Hotel trading strongly

easy Hotel plc EZH Strong trading experienced in the previous year has continued through the year to the end of September. The groups owned hotels have significantly outperformed both the competition and the wider OK hotel market. Franchised hotel have also traded strongly especially in continental Europe.In 2018 four new owned hotels will be opened […]

Andrew Hore – Quoted Micro 29 January 2018

NEX EXCHANGE    Hydro Hotel, Eastbourne (HYDP) generated a 10% increase in turnover to £3.52m, but there was a decline in pre-tax profit from £224,000 to £156,000 in the year to October 2017. This is blamed on the increase in the minimum wage and the fact that more bookings are coming from online travel agents. […]

Ian Pollard – Diageo Management Full Of Praise For Itself

Diageo DGE produced a strong performance in the 6 months to the 31st December. All regions contributed to organic net sales growth of 4.2% although organic volume growth was considerably lower at 1.8%.This was all due to constant and rigorous execution of strategy by management – nothing like self praise when things are claimed to […]

Ian Pollard – Staffline Still On Target For Bursting The Billion

Staffline STAF remains on target for its Burst The Billion plan. A strong set of results for for the year to 31st December produced a 27.5% rise in statutory profit before tax. The final dividend is to be increaed by 2.6%. Market share has increased more than ever and net debt has more than halved […]

Ken Baksh – When is a trust not a trust?

When is a trust not a trust? Many of my regular readers will know of my preference for investment trusts (closed end funds) over OEIC’s (unit trusts, to those of a certain era!). I come clean on the fact that my formative City years in the late 70’s and most of the 80’s were spent […]

Ian Pollard – Dixons Carphone will keep twitching its antenna

Dixons Carphone plc DC claims that its international businesses had a “terrific” Xmas but as is so often the sad story of late, the UK lagged far behind. In the 10 weeks to the 6th January, the star of the show was Greece with a like for like sales rise of 23%, followed by the […]

Andrew Hore – Quoted Micro 22 January 2018

NEX EXCHANGE Capital for Colleagues (CFCP) reported a decline in full year revenues from £560,000 to £372,000 and there was no repeat of the realised gains on investments in the previous year. There was an increase in unrealised gains from £71,000 to £317,000. However, there was a £1.32m investment impairment. This meant that a profit […]