Atlantic View – Has StageCoach (SGC) turned the Corner?

by John Woolfitt, Atlantic Capital Markets Has StageCoach turned the Corner? Fundamentals & Statement Summary Britain’s biggest bus and coach operator Stagecoach (LON: SGC) employs around 25,000 people and operates more than 8,300 buses, coaches and trams across operations in England, Scotland and Wales, plus the Supertram light rail network in Sheffield. In its preliminary results […]

Ian Pollard – Stagecoach #SGC regional mileage down but fare revenue up

Stagecoach Group plc SGC updates for the year to the 27th April that it has seen further strong trading  in its UK Rail Division, resulting in an increase in expectations for adjusted earnings per share from when interim results were announced in December. The financial performance of UK rail and Virgin rail is ahead of […]

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 – Kingfisher’s #KGF double digit dive

Kingfisher KGF Despite double digit declines in virtually everything for the half year to the 31st July, Kingfisher tries to put a brave face on things and claim that for the third year in a row, it is on track to deliver strategic milestones. That can only be true if it had some very peculiar […]

Stagecoach Ups Dividend As Profits Disappear

Stagecoach Group SGC Does not expect to be profitable until 2019 so it is playing safe and to make sure that shareholders do not get too angry is raising the dividend for the year to 29th April by 4.4% to 11.9p per share. Basic earnings per share for the year fell from 17.1p to 5.5p […]

Carillon New Orders Weaken In Second Half

Carillon CLLN A full year trading update shows strong revenue growth and increased operating profits for 2016 and net borrowings down from the half year level. Margins in support services have also been strong. Despite this the new order intake slowed in the second half and current expectations are that the total value of new […]

Big News from Sainsbury- Broccoli & Onion Prices Permanently Reduced

Sainsbury J. SBRY has had to admit that during its second quarter to the 24th September, it has, because of price deflation, had to sell more to earn less. Despite like for like transaction and volume growth, like for like retail sales were down by 1.1% and total retail sales by 0.4%. As for the […]