Ian Pollard – Churchill China #CHH Smashing Export Records

Churchill China CHH has delivered a strong first half performance and is increasing its interim dividend by 18%. Profit before tax and earnings per share both rose by 24% but perhaps the best news of all is that export revenue which grew by 17%, now represent 63% of group revenue, up from last years 57%. […]

Ian Pollard: Countryside Properties, Robust & Excellent

Countryside Properties CSP The half year to the 31st March saw excellent progress and robust trading in all regions.  After strong growth the interim dividend is to be increased by 24% with reported revenue rising by 14%, operating profit by 19% and basic earnings per share by 23%. National Grid plc NG produced a strong […]

Ian Pollard – Tiddlers Taking Off

Taptica TAP Tremor Video has performed better than expected and has achieved profitability during 2017 rather than 2018. With significant contributions to revenue from its newly opened international offices, it now expects to report adjusted EBITDA for full year 2017 will be ahead of market expectations. Sopheon plc SPE The build up of momentum highlighted […]

Jimmy Choo going for global luxury leadership

Jimmy Choo CHOO With profit before tax for the half year to 30th June rising by 174.2% to £18.1m, Jimmy Choo is delighted with itself both for its performance and for the excellent strategic progress made by its management. Revenue growth was ahead of the market at 16.5%, or 4.5% on a constant currency basis. […]

Is Primark Ex Growth ?

Associated British Foods ABF freely admits that it has been a major beneficiary of sterling weakness over the 40 weeks to the 24th June. Group revenue during the period  grew at constant currency rates by 10% but on an actual exchange rate basis it was double that at 20%. Third quarter underlying operating performance was […]

United Utilities – High Level Of Regional Deprivation

United Utilities UU  complains that its customers and the area in which they live suffer from high levels of income deprivation ie “a damaging lack of basic material benefits.” I wonder what its customers think to that slur. Shareholders need not fear however, as the company has “innovative facilities for enhanced engagement with its customers” […]

Persimmon Full Of Optimism

Persimmon PSN ends 2016 full of optimism and  certainly does not share the gloom displayed by many of its competitors. Revenue rose by 8% during the year and average sales prices were increased by a modest 4% which compares favourably with the greed shown by many of the household names in the industry. Competitive mortgage […]

Punch Plays Cards Close To Its Chest

Punch Taverns PUB Todays trading statement for the year to 20th August omits virtually any mention of  its trading statistics  It says it has produced a solid set of results following completion of its strategic disposal programme but fails to back that up with any meaningful figures, save to say that average profit per pub has […]

Our Leaders Exposed As They Abandon Ship

Who would have thought on Referendum Day, that within two weeks the whole of the country’s political leadership would, with one exception, have scuttled off caring not whether their country needed them and their years of experience in domestic and world affairs. To a man they admitted to being men of straw, without moral fibre […]