Ian Pollard – AA lifted by potholes & exceptional weather
AA plc AA claims it is well positioned to return to growth from 2019 and that a revenue rise .of 2% reflects a solid performance especially in what it calls “roadside.”. The real reason for roadsides strength was exceptional weather conditions for which even the AA dare not claim credit, as it benefited from extreme […]
Ian Pollard: Aveva In Either A Profit Or Loss Situation – You Choose
Aveva Group AVV There are now so many ways of calculating profits that the figures have become almost meaningless and companies have the freedom to chose between profit before tax, on a diluted, adjusted, normal or statutory basis and the difference between these four can be and often are enormous. Companies can elect the headline […]
Ian Pollard – Momentous year for Cineworld #CINE
Cineworld CINE found 2017 to be not only exciting but also the most momentous since its foundation in 1995 as it once again produced record results and took the first steps towards turning itself into the second largest cinema chain in the world with the acquisition of Regal entertainment Group for $3.4bn. This was a […]
Ian Pollard – Filtronic Interim Profit Halved
Filtronic FTC has seen its strategy result in new contract wins but too late to prevent the first half turning into something of a disaster.. Revenue for the 6 months to the 30th November plunged from £21.6m to £12.8m and operating profit halved to £0.9m. The second half is not expected to be any better […]
Ian Pollard – Sports Direct Hit By UK High Street Woes
Sports Direct Intl SPD Mike Ashley claims a spectacular trading performance during the half year to the 29th October which is hardly justified by the reality of the situation, namely a fall of 1% in UK sports retail revenue or 1.2% on a like for like basis. So, he limits his claim to the trading […]
Corporate news review Wednesday 27th September 2017
boohoo.com BOO reports adjusted interim EBITDA up 68% at £27.8m on revenues up 106%. BOO has a strong balance sheet with net cash of £119.2m and raises FY guidance. Defenx DFX reports increased H1 operating losses of €1.31m (1H16: €296,000) on revenues up 35% to €3.13m. DFX says there may be an adverse effect on […]
Domino’s Claims Record Progress
Domino’s Pizza DOM The half year to the 25th June was another good period with record progress in the UK, despite the UK consumer having become more cautious about the economic climate. Underlying profit before tax rise by 9.1% with basic earnings per share up by 9.9% and the interim dividend increased by by 7.1% […]
PZ Cussons Beaten By An Expected Backdrop of Challenges
PZ Cussons PZC produces one of the strangest apologias for a bad performance, seen in recent months. It faced, they claim, a backdrop full of challenges across most of the markets where they operate and as these were expected, the bad results present a solid performance. What is the logic or thinking behind that, one […]