Ian Pollard – Clarkson #CKN Challenged By Headwinds

Clarkson plc CKN   Despite a challenging start to the year Clarkson produced a robust performance for the year to the end of December.Underlying profit before tax fell by 10% and earnings per share declined from 116p to 105p.The CEO is happy with this as it enables the dividend to be increased by 3% making it  […]

Ian Pollard – Clarkson #CKN belatedly admits problems

Clarkson CKN expects both first half and full year profits to be materially below those of last year after the first  quarters financial performance fell below the boards expectations. Blame is put on a challenging environment in shipping and offshore capital markets, which caused transactions to be put back, lower freight rates hit the tanker […]

Ian Pollard – Clarkson Sees Recovery In Shipping

Clarkson plc CKN 2017 became the 15th consecutive year of dividend increases after a strong performance showed signs of recovery in shipping markets.Underlying profit before tax rose by 12% with a matching increase in the final dividend whilst earnings per share were up by 11%. Melrose Industries MRO has made an increased and final offer […]

Bovis Milks the Boom With 14% Price Rises

Bovis Homes BVS delivered a record number of homes in the 6 months to the end of June, allowing revenue to grow by 18%, profit before tax by 15% and earnings per share by 14%. Shareholders are rewarded with a 9% rise in the interim dividend to 15p per share and net debt has been […]

Trakm8 Holdings to Pay Maiden Dividend

Trakm8 Holdings TRAK is proposing a maiden dividend of 2p per share after profit before tax for the year to 31st March surged by 77%. Revenue rose by 44% and basic earnings per share by 91%.  Both of the acquisitions which it made during the year became earnings enhancing and units reporting to its server […]

Fastjet Slows & Warns

Fastjet (FJET) It seems only yesterday that Fastjet  was rapidly extending its network and Sir Stelios had a wide beam on his face. Now, all that can be forgotten and rationalisation of the newly built network has become an urgent necessity. 2016 results will be materially below expectation, the year will not be cash flow […]