Ian Pollard: Melrose #MRO Delighted With GKN

Melrose Industries MRO is delighted with its acquisition of GKN, and the significant potential for improvement identified when it made its offer.  Plans are now being implemented to realise the full potential of GKN’s world leading, but currently underdeveloped, businesses. The interim dividend for the six months to the 30th June is being raised by […]

Ian Pollard – GKN winning sales at expense of margins prior to takeover

Melrose Industries MRO & GKN. Melrose has published a trading update for GKN for the 13 weeks from 1st January to the 31st March and based on GKN’s own management accounts  produced prior to the takeover on the 19th April. GKN’s performance showed trends which were below market expectations. Melrose has made allowance for further […]

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 […]

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 […]