Ian Pollard – Allied Bakeries, part of AB Foods #ABF Loses Out On Price “Discussions”
Assoc. British Foods ABF claims that its results for the 24 weeks to the 2nd March are robust, with statutory profit before tax down by 15%, basic earnings per share by 19% and profit at AB Sugar down substantially. Say no more ! Grocery did produce strong underlying growth, with good momentum, Primark reverted to […]
Ian Pollard: Smith & Nephew Impacted By Weak First Quarter
Smith & Nephew SN has produced a mixed performance for the quarter to the 31st March with revenue rising by 5% including currency benefits of 5%. Softer markets and a slowdown in Bioactives were offset by stronger growth in emerging markets which showed a rise of 15% on a reported basis. The trend is expected […]
Ian Pollard – Dairy Crest Well Ahead
Dairy Crest Group DCG Total revenue for the nine months to he 31st December is well ahead of the previous year as key brands produced a strong performance with revenue growth of 7%. Spreads continued to gain market share. Wizz Air Holdings WIZZ Revenue for the quarter to the 31st December rose by 24% and passenger […]
Centamin Production At Record Levels
Centamin CEY With all sections of its Sukari mine producing, gold production for the quarter ending on the 30th September rose to record levels with a 26% increase over the second quarter and a 5% increase over the third quarter of 2016. Production guidance of 540,000 ounces for 2017 is maintained. YouGov plc YOU has […]
NEXT- Another Special Dividend As Decline Continues
NEXT plc NXT does not expect any recovery during the remainder of the current financial year despite second quarter full price sales having risen by 0.7% compared to the first quarter when they were down 3%. Retail sales for the half year to 29th July were down by 7.4% whereas Directory sales rose by 11.4% […]
Amerisur Moves Towards Profitable Production
Amerisur Resources AMER Produced a slightly increased loss after tax at $28.5m in the year to the end of December, following lower oil prices, planned reduction in production and a one off impairment charge of $15.3m. from its investment in Paraguy. Since the year end global oil prices have increased, transport costs have fallen and […]
Buy Centamin (CEY) – VectorVest sees a compelling fundamental and technical investment proposition
Centamin plc (CEY.L) is a mineral exploration, development and mining company, and operates in Australia, Jersey, Egypt, Burkina Faso and Cote d’Ivoire. Its principal asset, the Sukari Gold Mine (SGM), is located in the Eastern Desert, approximately 900 kilometers from Cairo and 25 kilometers from the Red Sea. SGM is jointly owned by Pharaoh Gold […]
Centamin Sees Strong Growth
Centamin CEY Profit before tax for the year to the end of December grew strongly from $58,407,000 to $266,829,000, as 2016 became the 7th consecutive year of production growth. Profit sharing with the Egyptian government started in quarter 3 and a final dividend of 13.6 US cents is proposed. Production rose by 26% whilst production […]
Strong Growth At Plant Impact
Plant Impact PIM enjoyed strong growth during the year to 31st July, with revenue up by 60% and gross profit by 59%. The company believes it is well positioned to continue to develop successfully. The share price on the other hand has not been strong. during the past 12 months it has fallen from 62p […]
Centamin Interim Dividend Up over 100% As Recovery Continues
CENTAMIN CEY After the trauma of Egypts political upheavals following the fall of Mubarak, the return of democracy and then another military takeover, Centamin was unloved by anyone. Its economic future, even its survival was in question but the restoration of stability (if not of democracy) enabled it to start on what has turned out […]