Quoted Micro 11 October 2021

AQUIS STOCK EXCHANGE Ecotricity has failed in its takeover bid for Good Energy (GOOD). Ecotricity had a 25.1% stake and acceptances of the bid totalled 11.5% of God Energy. Acceptances did increase significantly in the last few days of the bid, but they are still well below the level required for the bid to succeed. […]

Ian Pollard -“Robust” Card Factory #CARD Sees Profits Fall 8.3%

Card Factory plc CARD claims a robust performance in a challenging consumer environment for the year to the 31st December. Unfortunately looking at the actual figures, robust must mean different things to different people.. True, revenue rose by 3% although on a  like-for-like basis sales were flat. However profit before tax fell by 8.3%, EBITDA […]

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 – Royal Mail #RMG impacted by poor service

Royal Mail RMG Letter revenue in the 3 months to the 24th June fell 7%  but GLS continued to perform strongly, with volumes up 10% and revenue up 11%. The Quality of Service performance has been so bad and has impacted the company to such an extent that on the 1st June Ofcom commenced an […]

Ian Pollard – Galliford Try Cuts Dividend After Strong First Half

Galliford Try GFRD Has done the unthinkable, especially for a housebuilder which claims to have delivered a strong first half performance. It has not just tweaked its interim dividend, it has cut it by a hefty 13% The reason is of course perfectly natural. It wants to increase dividend cover to twice pre exceptional earnings. […]

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 […]

Marks Surrenders to Sainsbury

Marks & Spencer MKS is giving little away in its first quarter results for the 13 weeks to the 1st July. The subdued tone certainly seems to indicate a surrender to Sainsbury at least for the time being. The quarter did at least see an end to discounting in Clothing & Home, whilst Simply Food […]

Bashful Bovis Rejects Bids

Bovis Homes BVH is in demand by predators if not by investors, with bids over the weekend being announced from Redrow RDW and Galliford Try GFRD, neither of whom knew that the other was interested. Bovis, no doubt delighted that it has found an escape route from its management problems, decided that the bride price […]

Cello Is a Bowed String Instrument And Not A Fiddle

Alliance Pharma APH has more than doubled revenue and pre tax profits in the 6 months to the 30th June and is increasing the interim dividend by by 10%. Revenue rose by 104% including sales of ex Sinclair products whilst profit before tax rose by 113% and basic earnings per share by 25%. The share […]