Ian Pollard – Ferguson #FERG Restructuring for UK After Weak Performance

Ferguson plc FERG Ongoing revenue for the quarter to 31st October.was 5% ahead of last year, including 6.7% organic growth, whilst ongoing trading profit at $432m.  was 9.9% ahead. US business saw organic revenue growth of  9.6% . All the US business units generated organic growth in the quarter  with continued good demand from residential […]

Ian Pollard – Ferguson #FERG finds UK markets challenging

Ferguson plc FERG is proposing to increase its final dividend by 21% for the year to the 31st July after making what it describes as significant progress in a good year.  Revenue rose by 7.6% and ongoing trading profit by 14.7%, despite a weak performance in the UK where trading profit declined in challenging markets.  […]

Ian Pollard – Hornby #HRN & self-inflicted wounds

Hornby plc HRN Years of mismanagement continue to take their toll at Hornby, where sadly, things seem to go from bad to worse with every year that passes. Revenue for the year to the 31st March slumped badly from £47.4 to £35.7m whilst the annul loss before tax edged slightly higher to £10.1m. Group sales […]

Ian Pollard – Victrex – Sales Volume Up 1%, Divi Up 160 %

Victrex VCT managed a  whopping  160% increase in dividends for the year to the end of September after a mediocre rise of 1% in sales volume led to a rise of 11% in profit before tax.   The dividend increase comprised a 15% rise in the regular dividend plus payment of a special dividend of […]

Greggs – Strong Rise in Like For Like Sales

Greggs GRG Third quarter sales grew by 8.6% over the 13 weeks to the 30th September. On a like for like basis the rise was 3.9%. For the year to date, like for like sales in company managed shops were up by 5% compared to 2.8% in 2016. So far in the current year 98 […]

Wolseley Should Be Grateful For Slump in Pound

Wolseley WOS has benefited enormously from the slump in sterling created by the  UK government’s mismanagement of both the economy and the pound. Revenue for the quarter to the 30th April rose by 4.6% at constant exchange rates or 6.6% on a like for like basis. Exchange rate movements alone increased revenue by £423m and […]