Ken Baksh – October market report…..trickery or treats!
October 2018 Market Report During the month to September 30th, 2018, major equity markets again displayed a mixed trend, rising by 1.19% overall and the VIX index fell. There continued to be an abundance of market moving news over what is traditionally a quieter month, at macro-economic, corporate and political levels. The European Central Bank […]
Ian Pollard – “Good Progress” at Kingfisher #KGF as profits & earnings dive
Kingfisher KGF claims to have delivered key strategic milestones for the second year in a row as statutory profit before tax fall by 10.1% and basic earnings per share by 18.5%. Definately a milestone of some sort there. Even the CEO joins in claiming this is all good progress.On a reported and adjusted basis earnings […]
Ian Pollard – Persimmon To Distribute Largesse To The Shareholders
Persimmon PSN describes its 2017 performance as excellent and its continued outperformance as enabling an increase in capital return payments of 125p. per share to be made in each of the next three years, to be paid as an interim dividend in late March / early April of each year, commencing on the 29th March […]
Corporate news review Friday 13th October 2017
Angus Energy ANGS says it has successfully completed the drilling of the Lidsey-X2 production well. Angus will produce from a “net oil pay” section of 443 metres from the Great Oolite limestone reservoir. MD Paul Vonk said he was “encouraged the site offers further scope for development.” Ashmore Group ASHM updates on trading for Q1 […]
Upbeat Results From FTSE 100
News In Brief FTSE 100 Compass Group CPG is continuing to have a good year with like for like revenue up 3.9% in the third quarter and accelerating. North America is producing strong new business and the business environment in the Rest of the World, is improving. ITV plc ITV Total external revenue for the […]
Crawshaw Cancels Dividend After Customers Desert
Crawshaw CRAW having been forced to cancel its final dividend has had the audacity to claim that the year to the 29th January was a year of strategic progress. The only progress, strategic or otherwise, was that management at last woke up to the fact that it had ceased to “resonate” with customers who had […]
Braemar Shipping Fights Back
Braemar Shipping BMS Half year figures to 31st august illustrate the savage decline which has hit the worldwide shipping market. A fall in revenue from £79.6m to £70.2m resulted in earnings per share falling from 13.3p to 0.4p and operating profit declining from £5.3m to £0.3m. Braemar however gives the definite impression that it is […]
GKN – Headmaster’s Report; Can do Better, Must Do Better
GKN plc GKN The collapse of sterling was to bring a new dawn for what was left of British Industry, lied Diddy David and the rest of his old Etonian clique of rulers. Well the truth is that it hasnt, at least not yet. All it has done is help companies to mask performances which are […]