Ian Pollard – Dunelm #DNLM caution over political uncertainty
Dunelm Group plc DNLM saw reported profit before tax rise by 24.3% in the 26 weeks to to the 29th December and strong like for sales up by 6.9%. Revenue was up by a comparatively small 1.2% and basic earnings per share by 23.8%. The Winter sale is described as having traded well but there […]
Ian Pollard – Dunelm #DNLM facing unprecedented levels of uncertainty & delays new website
Dunelm Group DNLM Unprecedented levels of uncertainty have forced Dunelm to delve deep into the jargon drawer in an attempt to mask its half year and fourth quarter problems.The one strong area has been online sales which rose by 37.9% during the 13 weeks to the 29th December, as against like for like store revenue […]
Ian Pollard – WH Smith #SMWH benefits from “potentially poisonous” slime related products
WH Smith plc SMWA appears to be well esconced in cloud cuckoo land with a claim that it had a good year in the High Street where trading profit fell by 3%. Nonetheless it identified and joined the latest trend by becoming a one-stop-shop for all “slime related” products. Not surprisingly a relationship to slime […]
Ian Pollard – Galliford Try #GFRD, time to stop Government support for Housebuilders?
Galliford Try plc GFRD claims a very strong underlying performance for the year to the 30th June which is perhaps the understatement of the year, with profit before tax up by 145% and earnings per share by 128%. The final dividend is however reduced by 10%, following the re-statement of last years dividend. The continued […]
Ian Pollard – Saga Blames Profits Fall On Cost Savings
Saga plc SAGA In its preliminary results for the year to 3st January Saga comes out with the statement that the fall of 7.6% in like for like profit before tax is due (inter alia) to cost savings. No wonder the CEO admits that it has been a challenging few months for the company with […]
Ian Pollard – HSBC More Secure Than in 2011, Surprise Surprise !!
HSBC Holdings HSBA claims that 2017 produced good results which demonstrate the strength and potential of HSBC and, believe it or not, it is simpler, stronger and more secure than it was in 2011.If that is the best it can find to say about itself that is not a rosy picture. Adjusted profit before tax […]
Ian Pollard – Savills becomes a ‘Residential Transaction Business Operator’.
Savills plc SVS no longer has estate agencies in the UK. They have gone posh, moved up market and now describe themselves as operating residential transaction businesses. That really will send the share price rocketing. Whatever they call themselves they have experienced a stronger than anticipated finish to the year, with the UK proving resilient […]
Countryside Props. Slashes House Prices
Countryside Props CSP did what for a house builder, is the unthinkable, it slashed its average selling prices with the result that for the year to 30th September, completions rose by 28% overall and the forward year end order book stood at a record level. The rise in completions was 17% in the partnership division […]
Galliford Try Blames Caution On Impact Of Politicians !!
Galliford Try GFRD When the best that a company can find to say about its annual results is that they show a strong underlying performance, then you know that something went wrong. Otherwise it would be claiming a strong financial performance, and that is something which Galliford can not claim. Profit before tax for the […]
Solid trading from Aveva and Fenner – yet another placing from blur Group
AVEVA Group AVV reports a solid start to the financial year and expects the phasing of revenue in FY 2018 to be broadly similar to the prior year. The full year outlook remains in line with board expectations. blur Group BLUR announces yet another placing to raise a minimum of £1.5m (before expenses) at 1.75 […]