Andrew Hore Quoted Micro 19 August 2019
NEX EXCHANGE Brewer Adnams (ADB) reported a decline in first half revenues from £35.5m to £34.7m, while the loss increased from £840,000 to £1.15m. Beer volumes were 2% ahead, compared with a 1% decline in the market. Low alcohol beer sales grew. Gin sales fell because of greater competition. A fire at the Ship at […]
Ian Pollard – WH Smith #SMWH Dividend Up 8% as High Street Slumps Again
WH Smith plc SMWH is rapidly evolving into two separate businesses one of which does not seem to be able to find the management which it seems to need. The problem is the High Street, the traditional business which keeps on trying to make a profit out of selling newspapers, books and pencils. Smiths highlights […]
Ian Pollard – Amino Commits to 10% Dividend Hike Despite Intense Headwinds
Amino Technologies plc AMO goes straight for the jargon box as it seeks reasons in advance for the full year results due in November. An intensification of external macroeconomic headwinds have been the main problem. These have resulted in lower than anticipated orders, higher than expected component price increases in the second half, as well as […]
Ian Pollard – easy Hotel trading strongly
easy Hotel plc EZH Strong trading experienced in the previous year has continued through the year to the end of September. The groups owned hotels have significantly outperformed both the competition and the wider OK hotel market. Franchised hotel have also traded strongly especially in continental Europe.In 2018 four new owned hotels will be opened […]
Ian Pollard – Mulberry Strategy Fails To Impress
Mulberry MUL claims it is delivering on its strategy, in which case it should perhaps get a new one. Retail sales for the half year to the 30 September rose by 2% but on a like for like basis they fell by 1% with both UK and International retail sales sliding. Demand from London tourists […]
Dominos – Swiss Sales Surge Follows Price Reductions
Dominos Pizza Grp DOM Sales during the 13 weeks to the 24th September rose by 11.9% on a like for like and constant currency basis. Demand was strong and the quarter saw a record number of store openings as well as a recovery in like for like sales. Switzerland led the way with like for […]
Smiths Group – Some Slight Confusion
Smiths Group SMN The interim report for the half year to the end of January is confusing and obscure. Thus headline, in line, underlying, reported revenue rose by 18%. Headline, underlying, reported operating profit rose by 8% and headline basic earnings per share were up by 30%. Despite flat sales, underlying pre tax profit grew […]
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 […]