Ian Pollard – #WPP Impacted By Client Losses.
WPP plc WPP a company with the spectre of its founder still lurking in the background is never a happy place to be. Naturally Sir Martin does not get a mention in WPP’s third quarter results but the way in which the company’s business has been impacted in many fields after his sudden departure, does […]
Ian Pollard Eckoh (ECK) Wins Largest Ever Contract
Eckoh ECK has won its largest ever contract, to provide secure payment solutions to one of the largest corporations in the United States. The contract worth $7.4m. has delighted the CEO of Eckoh and is expected to make a modest financial contribution in the current year, with the majority coming in the following two financial […]
Ian Pollard – Gloom & Despondency As UK plc Whinges About Its Own Incompetence
Mulberry Group plc MUL Revenue in the year to 31st March rose by 1% and retail sales by 3%. On the international front sales were good with a rise of 20% but the UK was flat and has gone even flatter since the year end with a drop of 9% and leading to a 7% […]
Ian Pollard – Centrica Faces “High Level Competitive Intensity.”
Centrica CNA has issued a jargon riddled update, which believe it or not ends with the startling claim that the outcome for the year will be dependent on its operational and commercial performance. Well, well what a surprise. To cover itself all ways up it also adds to the list, the impact of an uncertain […]
Ian Pollard – Tesco Forecasts £1.57 Billion Profits and 2p Final Dividend
Tesco TSCO is to publish its prospectus and other documents later today for its proposed merger with Booker. These will include a profit forecast of £1,57 billion for the year to 24th February 2018 and an intention to pay a final dividend of 2p per share. Electrocomponents ECM The quarter to the 31st January produced […]
Reckitt Benckiser – Admits Incapable Of Growth
Reckitt Benckiser RB Rarely has a board been so isolated from reality that it shows not the slightest comprehension of the fear which its own chosen headlines for its third quarter update, could instill in shareholders. Those headlines speak of a continuing challenging environment and then worse still, an admission that the company needs reorganising […]
Stanley Gibbons Throws in the Towel
Stanley Gibbons SGI has completed a restructuring programme which included a complete overhaul of the board and the executive leadership, costs have been reduced by some £10m and parts of one division have already been sold off but in the end it looks like things are so bad that value for shareholders can only be […]
Countryside Props. Profit Up 40% After Swingeing Price Rises
Countryside Props. CSP produced strong growth in the year to the end of September which is not surprising with completions up 20% on top of which it managed to impose a swingeing 21% rise in average private selling prices, to £465.000. Adjusted operating profit rose by 40%. Current trading is robust with sales rates and […]
McCarthy & Stone – Orders Down, Cancellations Up, Incentives Back.
McCarthy & Stone MCC is yet another housebuilder hoping that the warning signs of a pending slowdown in the housing market can be ignored and, like all the others it seems to be living in the hope that good times can and will go on for ever. For the year to the 31st August, its […]
Company news, including: Ashtead – Dividends Up By 48%
Ashtead AHD continued to go from strength to strength during its fourth quarter ending on the 30th April. Revenue for the quarter rose by 18%, profit before tax by 38% and earnings per share by 44%. This compares very favourably with the full year figures showing rises of 19% in revenue, 24% in profit before […]