Ian Pollard – Wetherspoons #JDW, Profits Fall Despite Warm Winter Benefits
Wetherspoons (JD) plc JDW is paying a maintained dividend of 4p per share for the six months to the 27th January. Despite a rise of 7.1% in revenue and 6.3% in like for like sales, profit before tax fell by 18.9% and earnings per share by 18.2%. Chairman Tim Martin, as can be expected, lambasts […]
Ian Pollard: Countryside Properties – Average Selling Prices Broadly Flat
Countryside Props plc CSP Total completions in the first quarter from the 1st October to the 30th December rose by 28 % and the forward order book by 78%. The strong growth in completions was driven by a sharp increase in affordable homes, up 52% and Private Rental Sector, up 66% . This was due […]
Buy Restaurant Group #RTN says Vectorvest. A clear investment case given the growth in earnings and free cash flow.
London based Restaurant Group (RTN.L) currently operates 498 restaurants and pub restaurants throughout the UK. Its principal trading brands are Frankie & Benny’s, Chiquito, Coast to Coast and Brunning & Price. It also operates a multi-brand Concessions business, which trades principally in UK airports. Examine this trading opportunity and a host of other similar stocks. […]
Jimmy Choo going for global luxury leadership
Jimmy Choo CHOO With profit before tax for the half year to 30th June rising by 174.2% to £18.1m, Jimmy Choo is delighted with itself both for its performance and for the excellent strategic progress made by its management. Revenue growth was ahead of the market at 16.5%, or 4.5% on a constant currency basis. […]
Victoria Oil & Gas Turns A Loss As Gas Sales Surge
Victoria Oil & Gas VOG claims that its preliminary results for the year to 31st December show excellent progress, led by an outstanding 24% rise in gas sales from $21.4m to $ to 32.8m. The year was particularly successful at the operating level with EBITDA at $13.1m compared to the previous years $8.5m. whilst the […]
W. H. Smith “Strong Group Performance” as High Street Falls 4%
W.H. Smith SMWH claims a strong performance across the group for the 21 weeks to 21st January, presumably hoping that nobody will go as far as reading the actual figures which show that High Street revenue actually fell by 4% and only travel revenue with a 10% increase, saved the day enabling Smiths to show […]
RBS Admits It Is Not A Fair Bank – Not Yet
Royal Bank of Scotland Group RBS adds to this weeks banking woes with fairly disastrous 1st quarter results, raising the question as to whether bankers really are fit for purpose when it comes to running banks. Firstly RBS does not know why it has lost the battle to divest itself of Williams & Glyn by December […]