Ian Pollard: Cloud Cuckoo Land Is Never Empty
2018 was quite a good year for the self important types who could not resist making fools of themselves in the full gaze of the public. The overall group winner of the year award must go to company directors and CEOs who have provided us with endless hours of amusement as they have literally tied […]
Ian Pollard: Stagecoach Pleased With Operating Loss of £6.2m (Unadjusted)
Stagecoach Group plc SGC is pleased to report positive half-year financial results, ahead of expectations, at least according to the Chief Executive, David Griffiths. These included a total unadjusted operating loss of £6.2m compared to a profit of £114.8m profit for 2018, which may lead the more cynical to comment that some people are easily […]
Ian Pollard: Yourgene Health – Rapid Expansion in Asia, India, Middle East & Africa
Yourgene Health plc YGEN “We are making excellent commercial progress”, claims newly appointed CEO Lyn Rees after revenues for the six months to the 30th September climbed by 45% and gross profit was up by 49%. The implementation of a further £1m annualised cost reduction program helped to bring the loss before tax down by […]
Ian Pollard – Singles Day at Primark
Alibaba invented Singles Day as a shopping celebration for the unattached as opposed to the romanticism of Valentines Day. It is now the world’s biggest online sales event, exceeding the combined totals of Black Friday and Cyber Monday. Yesterday saw sales hit a record $1bn in 85 seconds and the total spend for the day […]
Ian Pollard: ABF – A Headline A Day
Associated British Foods ABF Yesterdays headline trumpeted that Primark blamed three periods of unseasonable weather for sales sliding by 2.1% over the year to the 15th September. But today a new day has dawned and brought with it new headlines as the media stands on its head and proclaims that today’s truth is that Primark […]
Ian Pollard: LPA – A Blockbuster Of A Gallop; Record Output; Record Orders & A Bonanza
LPA Group plc LPA reports that he last financial year was exceptionally strong and something of a blockbuster which it finished at a gallop with record output. The new financial year then started with a record order book and a major contract win the award of the contract for the upgrade of the lighting on […]
Ian Pollard: Barclays Grovels Again
Barclays Bank PLC BARC yet another British Bank bites the dust and grovels before the US department of Justice as it is forced to agree to a huge settlement to try and escape the consequences of its past dishonesty. The bank claims a strong financial third quarter performance and earnings per share over the first […]
Ian Pollard: Convatec CEO Departs Immediately
ConvaTec Group plc CTEC expects a material negative impact on revenue in the fourth quarter, of between $18 – $23 million following a change in inventory policy by one of its biggest customers. Advanced Wound Care also produced a disappointing result with reported revenue falling 0.8% to $146.8 million. Expectations for full year organic revenue […]
Ian Pollard: HSBC Pays The Penalty – Yet Again
HSBC has had to cave in and pay yet another huge penalty to fend off claims in the US of widespread fraud and corruption. It took the benighted bank some ten years until 1916 before it had the grace to cough up and agree to pay compensation to US customers to whom it brought financial […]
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 […]