Ian Pollard – #SSE – Diverting Wrath

SSE plc SSE although interim results for the six months to the 30th September are ahead of previous expectations they are only slightly so and they are still fairly dire. Adjusted profit before tax is down by 40.9% and adjusted earnings per share by 39.9% with a reported loss per share of 22.6p. The Chairman […]

Ian Pollard – Dixons fixable, but Greece thrashes UK & Ireland

Dixon Carphone DC has plenty to fix but it is all fixable, claims the new CEO. The first thing which seems to need attention is next years profit which is expected to slump from this years expected £382m to £300m.The dividend for the current year is being maintained at 11.25p per share. Growth in the […]

ITV – “Good Growth” But Flat Profits

ITV plc ITV updates that with nine months of its year now gone, it is confident of delivering good organic revenue growth but does so without putting a figure on what “good ” actually means in numbers. Full year profit will be broadly in line with last year which means little or no growth there. […]

Iofina Benefits From Increased Production And Rising Prices

Iofina IOF reached a number of significant operation and financial milestones during the six months to the 30th June and is now optimistic about the remainder of the year. Production during the half year exceeded expectations and spot iodine prices have risen by 25% since the start of the year, after earlier weakness which led […]

Smiths Group – Some Slight Confusion

Smiths Group SMN The interim report for the half year to the end of January is confusing and obscure. Thus headline, in line, underlying, reported revenue rose by 18%. Headline, underlying, reported operating profit rose by 8% and headline basic earnings per share were up by 30%. Despite flat sales, underlying pre tax profit grew […]

Hargreaves Services in Meltdown – Recovery Anyone ?

Hargreaves Services HSP went into meltdown in the year to 31st May leaving the total dividends for the year to be slashed by over 92%, as it went through a second successive year of tumultuous market conditions and  almost a complete absence of demand for coal by UK power stations.Last years profit before tax of […]