Alan Green talks Royal Mail Group #RMG, Destiny Pharma #DEST & ECR Minerals #ECR on the UK Investor Magazine podcast
Alan Green joins the Podcast with Jonathan Roy for the weekly instalment of UK equities and market themes. With the FTSE 100 remaining stubbornly within a tight range, we look back at the appreciation we’ve seen in cyclical shares and whether investors should expect a greater proportion of their returns to be achieved from income in the […]
Ian Pollard – Your Dominos #DOM Christmas – 12 Pizzas A Second
Dominos Pizza Grp DOM saw fourth quarter sales for the 13 weeks to the 30th December produce a strong performance in the UK but with some weakness internationally. Group organic system sales rose by 5.8% compared to 1.6% for international system sales. UK system sales rose by 6% and the company enjoyed its busiest week […]
Ian Pollard – Royal Mail #RMG Executives Struck Dumb
Royal Mail plc RMG finds plenty to highlight in its interim results for the half year to the 23rd September. A rise of 1% in revenue is one of the best. Apart from that, underlying adjusted profit before tax was down 27 per cent and· adjusted basic earnings per share fell by about a third […]
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: Countryside Properties, Robust & Excellent
Countryside Properties CSP The half year to the 31st March saw excellent progress and robust trading in all regions. After strong growth the interim dividend is to be increased by 24% with reported revenue rising by 14%, operating profit by 19% and basic earnings per share by 23%. National Grid plc NG produced a strong […]
Ian Pollard – Whitbread Delves Deep Into The Excuses Drawer – Even For Costa
Whitbread WTB is forced to delve deep into the excuses and jargon drawer to try and explain away its weak UK performance during quarter 3. It concentrates on total sales growth figures which look quite reasonable until one looks at how it fared on a like for like basis.Thus group sales growth came in at […]
3i Group “Good” First Half As Returns Slide
3i PLC (III) Claims another good first half performance for the six months to the end of September during which it invested in some attractive and well priced businesses in private equity. Total return in this “good” first half fell by some 35% from 1006m. to 655m. and the percentage return on opening shareholder funds […]
Weak Pound Is Not A Crutch For Weak Management
Experian EXPN produced revenue growth of 6% in the quarter to the 30th June. On an organic basis the growth was 4% and for business to business on an organic basis it was a sturdy 7%. But Experian is yet another company producing appalling figures for the UK which suffers more and more from the […]
Royal Mail Responds To Challenges
Royal Mail Group RMG One can adjust ones view of Royal Mails results for the year to 31st March, according to whether one prefers ones results on a reported or on an adjusted basis.Whichever one prefers the final dividend of 15.6% means a rise for the year of 4%. On a reported basis, profit before […]
Royal Mail Drowns in Jargon
Royal Mail plc RMG How can any company be taken seriously when its CEO’s English appears to be so bad that she has to express herself in internal company jargon – thus ones breakfast reading of the goings on at Royal Mail includes – “movements in foreign exchange, ASM and GSO in GLS” Can the […]