Ian Pollard – Halford #HFD management challenged by Retail environment

Halfords Group plc HFD found itself facing a challenging retail environment in the year to 30th. March which is Boardspeak for “we lost the plot a bit”. Like for like revenue rose by 2% and total revenue by 3.7%. but profit before tax fell by 5% and basic earnings per share wee down by 2.3% […]

Ian Pollard – Entertainment One Sees Revenue Jump By 50%

Entertainment One ETO reports that reported revenues for the year to 31st March are expected to be 50% higher than in the previous year, following a robust performance which saw the the strong first half continue into the second half of the year, with Film getting a special mention for its strength in he second […]

Ian Pollard – The Poles Are Doing Well Back Home

Kingfisher KGF Third quarter sales illustrate the problems facing many European high streets. The UK & Ireland did reasonably well with a rise of 1.5% on a like for like and constant currency basis although this was only possible because of a 10.2% rise at Screwfix. France, Russia and Spain performed badly and the only […]

Corporate news review Wednesday 27th September 2017

boohoo.com BOO reports adjusted interim EBITDA up 68% at £27.8m on revenues up 106%. BOO has a strong balance sheet with net cash of £119.2m and raises FY guidance. Defenx DFX reports increased H1 operating losses of €1.31m (1H16: €296,000) on revenues up 35% to €3.13m. DFX says there may be an adverse effect on […]

Aveva Hikes Dividend As Profits Collapse

AVEVA AVV  The final dividend for the year to 31st March is being hiked by 20% after a 46% collapse in profit before tax. This fairly logical step follows revenue for the year to 31st March declining by 3% and basic earnings per share falling by 51%. Aveva would have us believe that this superb […]