Spire by St Brides

Quoted Micro 27 February 2017

NEX EXCHANGE Capital for Colleagues (CFCP) says that one of its employee-owned investee business FJ Holdings has sold its businesses and been placed in administration. Capital for Colleagues had not been kept up to date with these moves. The loans to FJ and its subsidiary Ham Baker Adams plus the FJ share stake were valued […]

Rightmove Outstanding

Rightmove RMV describes its 2016 performance as outstanding and is raising its final dividend to 27p per share to give a total increase in the yearly dividends of 19%. Revenue and underlying operating profit both rose by 15%, whilst basic earnings per share were up by 18%. Strong traffic growth of 10% meant that visitors […]

Metro Bank – Providing A Service, Does Pay

Metro Bank MTRO Cheeky little Metro Bank is giving the big bad banks a lesson in growth and has now moved into profit for each quarter of the second half. Profit before tax in quarter 3 was a tiny £0.6m, increasing to £1.5m in quarter 4. Losses for the full year shrank from £46.4m in […]

Trakm8 Chairmans’ Frustration Comes Too Late

Trakm8 Holdings TRAK Route Monkey is in a trend to move to SaaS revenues. Once you get extreme jargon like that in a company’s trading update you know it has been having a fairly bad time and Trakm8 is no exception. It witters on about its pipelines and how strong they are as if nobody […]

Bovis Comes Clean At Last Over Poor Build Quality

Bovis Homes Group BVS is being forced into taking a one off £7m hit because of claims arising from its poor build quality and it is brazen faced enough not to issue an apology either to the shareholders or even more importantly, to its customers. In fact in 2016 it imposed a rise of 10% […]

Quoted Micro 20 February 2017

NEX EXCHANGE Forbes Ventures (FOR) has taken a 0.84% stake in potential challenger bank Civilised Investments in return for £200,000 in cash. The cash investment was raised through a placing of shares at 0.5p each with Gravity Investments, which owns 62.1% of Forbes. A further six million shares were issued at the same price to […]

Laura Ashley – A Great British Brand Name Is Not enough

Ashley (Laura) ALY Blames demanding trading conditions for having to warn that full year net profit before tax will fall below market expectations. Like for like retail sales in the 6 months to the end of December fell by 3.5% and profit before tax fell from £11m. to £7.8m.  As a sign of the times […]

Hargreaves Services; Profits Down 75%, Divi Up 58%

Hargreaves Services HSP warned in December that the half time figures would be bad and they are. Although like for like revenue for the 6 months to 30th November fell by only 2.2%, like for like profit before tax was down by 75% and underlying diluted earnings per share by 95.7%.  As is usual in […]

Rolls Royce Wants to Become Trusted

Rolls Royce Holdings RR is to try and become a more trusted company with high standards of business conduct in an attempt to remedy past misbehaviour which produced disastrous  2016 results including a 49% fall in underlying profit before tax at constant exchange rates.  On a reported basis that became a loss of £4.6b after […]