Ian Pollard – Sports Direct #SPD splashing the cash
Sports Direct Intl. plc SPD has confirmed that it is considering making a firm offer to Debenhams of 5p in cash per ordinary share valuing Debenhams current issued share capital at approximately £61.4 million. This would represent a premium of approximately 127 % to the closing price of Debenhams shares on 26 March. Imperial Brands plc […]
Ian Pollard: Bellway Enjoys Inflation Beating Price Increases
Bellway BWY updates that it has broken through the 10,000 homes barrier for the first time in its history, with an increase of 6.9% to a total of 10,307 for the year to the 31st July. Market conditions have remained favourable, trading and customer confidence have been robust, enabling the average selling price to be […]
Ian Pollard – Smith & Nephew; Knee Implants Stand Out !
Smith & Nephew SN is increasing its final dividend by 14% for the year to 31st December after revenue growth of 2% in the final quarter confirmed full year growth at 3%. Knee implants produced what it euphemistically describes as a standout performance driving growth for the whole group, plus double digit growth in emerging […]
Corporate news review Tuesday 17th October 2017
ASOS ASC says FY retail sales grew strongly at +34% on a reported basis and +27% on a constant currency basis. Customer engagement remains strong with active customers6 +24%, average basket value +2% and average order frequency +5%. CEO Nick Beighton said the new financial year “shows continuing momentum in the business” and the potential […]
Bellway On Crest Of A Wave – But Is That A Safe Place To Be
Bellway BWY is riding on the crest of a wave, with favorable market conditions, the continued availability of cost effective mortgage finance and of the voters friend, Help to Buy. Revenue for the year to the 31st July is expected to have risen by 13%, volume growth in completions by 10% and at the end […]
BATS Cloaks Itself In Secrecy
British Am. Tobacco BATS has a new policy of keeping its shareholders and investors generally less informed about its financial progress or the lack of it and has stopped issuing interim management statement, replacing them instead with short updates twice a year prior to the start of its closed periods. So all it will tell […]
Bellway – Moderate Price Increases For 2017
Bellway Homes BWY claims another excellent financial performance for the half year to the 31st January but the effervescence and price rises, such regular features of previous years, appear to be moderating. Increases are well within single digit figures except for earnings per share which just managed to break through the 10% barrier. Revenue rose […]
What’s In A Name – Ask Balfour Beatty
Balfour Beatty plc BBY Any construction company which calls its transformation programme “Build to Last” has obviously got serious problems as the repeated use of the name just provides further reminders of past problems. The sooner it removes the blinkers and changes the name of the programme the better for the company. The first phase […]
Home Retail Still Clueless On Customer Overcharging
Home Retail Group HOME Having admitted that its Financial Services division had been overcharging customers on excess fees., has now discovered that the practice was far more widespread than had been initially discovered. There’s a sign of good strong management for you – it can’t even correct its mistakes properly. The result is that it may […]