Victoria Piling On The Profits

Victoria plc VCP announced in April that full year pre tax profits were likely to be ahead of market expectations and the shares immediately went into reverse, losing a third of their value with a fall from 1600p in mid May to 1050p by the beginning of July. In July 2013 the sp stood at 200p, so that even after the recent fall, it has still risen 500% in three years – three years during which it has received 12 profit upgrades from equity research analysts.

The company boasts that its business plan is on an A4 sheet of paper, without a single annexe or attachment and that this is one of the reasons why it continues year after year to run rings round its competitors, claiming that it is half way round the track before they have even got their running shoes on.

Preliminary results for the year to 2nd April show a surge of over 130% in profit before tax with a rise from £7.9m to £18.2m and a rise in basic earnings per share of 232%.

Much of the growth, it admits, came from the acquisition of Quest Group and Interfloor Group but their like for like performances were significantly enhanced by Victoria’s management which overall produced a rise of 100% in group revenue and claims that the performance has continued with a strong start being made to the current year..

BP plc (BP.) Claims its second quarter results have been hit by lower oil and gas prices and significantly reduced refining margins but it has at last drawn a line under the Deepwater Horizon disaster at a cost of over $61 billion. This enables it to start looking to the future again and by the end of next year BP expects to be able to add new production of 500,000 barrels of oil equivalent per day.

The dividend for the quarter remains unchanged.

Man Group EMG is losing its Chief Executive who is doing his own personal Brexit on the 1st September and taking his family back to the US, after the company has been forced to cut its interim dividend. First half results to the 30th June are fairly disastrous with net revenue down to $389m from $624m and statutory profit before tax collapsing by two thirds from $163m to $55m. The interim dividend is reduced  from 5.4 cents per share to 4.5 cents.

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BlackCabbieTrader John Walsh – Trading idea for Tuesday 26th July

bc-logo-web-versionBlackCabbieTrader John Walsh publishes tradingJohn2a ideas every day on his Routemaster blog on the blackcabbietrader.com website. His full watch list, exact entry points, stops loss placement etc. are all published in real time in The Knowledge area of the website.

Today’s trading idea for Tuesday 26th July is Long ROIC. More here

Ryanair Succeeds Despite 1,000 Flight Cancellations

Ryan Air Holdings RYA suffered from over 1,000 flight cancellations in its first quarter, due to terrorism and strikes by French air traffic controllers, which have become such a problem that it has asked the EU to force the French to arbitrate instead of strike. Despite this, customer numbers rose by 11% but fares fell 10% to under 40 Euro leaving revenue for the quarter up by only 2%.  Load factor did well with a further rise of 2 points to 94%.

Profit after tax for the quarter rose by 4% and basic earnings per share by 12%. 133 new routes will be opened in 2016. Ryanair is disappointed by Brexit but is unable to predict the effects, save that downside risks are felt to be greater.

Petra Diamonds PDL experienced further strong growth and record production for the year to 30th June but like for like rough diamond prices fell by 6% during the year leading to only a 1% rise in revenue. The prospects for 2017 look much better, with diamond prices having stabilised and production expected to rise by a further 25-30%, helping the company to achieve its 2018 targets, a year early.

Cranswick plc made a positive start to its year with strong volume growth of 12% in the 3 months to 30th June leading to an 11% rise in revenue. The company is selling its sandwich business with a turnover of £54m., for a consideration of £15m.

Find Villas & Houses For Sale In Greece;   http://www.hiddengreece.net

Quoted Micro 25 July 2016

ISDX

Guild Acquisitions (GAQO) is raising £100,000 at 0.03p a share in order to finance a technology-based investment strategy. The money was not received for a previous £40,000 placing. The focus is likely to be on blockchain-related investments and the new board believes that there will be plenty of opportunities. George Mcdonaugh, Jeremy Woodgate and Rupert Williams are joining the board, while Charles Goodfellow is leaving and enabling Peterhouse to become corporate adviser. Mcdonaugh has experience in the technology sector and will be an executive director. He bought 20 million shares in the placing. Williams and Woodgate,who acquired 10 million shares in the placing, are also directors of broker Smaller Company Capital Ltd (www.ec-capital.co.uk) and used to run another broker, Ocean Equities.

MiLOC Group Ltd (ML.P) is raising $650,000 (£482,000) from a convertible bond issued to Murray Investment Fund Company. The maturity date is 19 January 2018 and there is no interest charge in the first 12 months, followed by an annualised interest rate of 6%. The conversion price will be four-fifths of the share price at which MiLOC or a new holding company floats on the standard list. There is a 3% redemption premium if the loan is not converted into shares.

Food and logistics supplier AfriAg (AFRI) plans to change its name to AfriAg Global in order to reflect a more international focus. Nearly 1.5 million kg of perishable goods was air freighted globally in the first half of 2016., a 60% increase on the first half of 2015.

AIM

Lettings firm Belvoir Lettings (BLV) says that four of its existing franchisees have acquired businesses that will add £850,000 a year to network revenues and this should lead to additional annual management services fees for Belvoir of £102,000. Belvoir has provided funding of £353,000 to help finance the acquisitions and this will add £32,000 to interest income. The deals include the acquisition of a business in Bournemouth which formed the basis of a new franchise. These purchases follow the acquisition of Northwood, the largest remaining independent lettings franchise, as part of the company’s multi-brand strategy. Belvoir is paying up to £22m for Northwood, which has 86 franchised outlets, taking the group total to more than 300 outlets and 54,000 managed properties. Northwood is different from the other group franchises because it offers a guaranteed rent scheme for landlords.

Safestay (SSTY) says that the strong trading performance of its Elephant & Castle hostel has led to an increase in its valuation from £12.2m to £16m.

Renewable energy supplier Good Energy (GOOD) has increased its customer meter points by more than one-third in the first half of 2016 and brand awareness is at new highs. The figure is dominated by FiT customers where growth is likely to slow. Customer meter points were 36% higher at 239,750, with the fastest growth coming in gas where customers were 54% higher. A 5MW solar farm in Dorset increased generating capacity to 52MW with 5MW due to be added in the second half. A new billing system should be installed by the end of this year. A generating site sale will add at least £430,000 to first half profit. The interims will be published on 13 September.

Radiation detection and x-ray technology developer Kromek (KMK) has an impressive order book having taken in $30m of orders in the year to April 2016. These orders are for more than one year but it covers most of the expected 2016-17 revenues of £8.9m. Kromek is expected to continue to lose money for the next two years but the loss will decline. Met cash was £3.86m at the end of April 2016 and this cash is expected to last for at least two years.

Interactive TV content technology developer Mirada (MIRA) is set to have a much improved performance in the year to March 2017. Mirada lost £829,000 in 2015-16 but management expects the company to start generating cash later in the current financial year. The integration of Mirada’s technology for the Televisa cable networks in Latin America means that revenues will be generated every time that a viewer signs up to the service. Mirada continues to invest in R&D. House broker Allenby believes Mirada could make a profit of £1m in 2017-18.

Somero Enterprises Inc (SOM) says that its full year figures will be better than expected and this has led finnCap to upgrade its 2016 earnings forecast by 7.5%, which leaves the shares trading on a single figure prospective multiple.

IS Solutions has changed its name to D4T4 Solutions (D4T4). This reflects the company’s focus on data and data analysis. In the year to March 2016, revenues of £18.6m were boosted by licence sales and projects. There was net cash of £3.4m at the end of March 2016 and the dividend was increased from 0.56p a share to 2p a share. This year, pre-tax profit is expected to rise from £3.5m to £4m, although some of the earnings growth will be held back by a higher tax charge.

Judges Capital (JDG) has warned that its 2016 figures will be lower than expected. The scientific instruments manufacturer had already warned at its AGM that the year had started sluggishly. Order intake was 3.4% lower in the first half of 2016 and the order book is shorter. Orders have started to pick up and the foreign exchange moves could be beneficial for Judges. House broker Shore has cut its 2016 earnings forecast from 122.3p a share to 100p a share. The business is highly cash generative and the dividend is still expected to grow by 10% to 27.5p a share.

MAIN MARKET

DRS Data & Research Services (DRS) says that it has received a bid approach from AQA Education, an independent education charity. The offer is likely to be in cash. DRS provides data capture technology and services for elections and education. DRS, which has been listed for more than two decades, had been considering a switch to AIM following a requisitioned resolution from founder Malcolm Brighton.

Natural flavourings supplier Treatt (TET) says that the disputed earn-out for the acquisition of Earthoil has been set at £971,000. That is less than was asked for but Treatt is still disappointed. This leaves an addition £414,000 to be paid by Treatt. There are outstanding claims totalling £694,000 where judgement is expected next year.

ANDREW HORE

BlackCabbieTrader John Walsh – Trading idea for Monday 25th July

bc-logo-web-versionBlackCabbieTrader John Walsh publishes tradingJohn2a ideas every day on his Routemaster blog on the blackcabbietrader.com website. His full watch list, exact entry points, stops loss placement etc. are all published in real time in The Knowledge area of the website.

Today’s trading idea for Monday 25th July is Long HTA. More here

Vodafone Revenue Tumbles in UK

Vodafone VOD seems to have got its wires in a twist which will not be a surprise to many of its customers, as it describes a fall in revenue of 6.2% in Africa, Middle East and Asia Pacific for the quarter to 30th June, as “strong growth”. A revenue fall of 3.2% for Europe is honoured with the title of “stable”, despite what that nasty regulator has done in stopping the roaming fees rip off.

Reported UK revenue seems to have left the chief executive speechless as it tumbled by 11.2%, or 3.2%, if you prefer your tumbles on a like for like basis. There was even an adverse impact of 5.3% from foreign exchange impacts, which in some companies would be taken as a reflection on managements ability to manage.

Heathrow SP Ltd is another one describing a 1% rise in revenue and a 0.6% rise in passengers, for the half year to the end of June, as a strong performance. The company is also pleased with a 1.7% rise in cargo.True,  adjusted EBITDA was up by 4% and retail revenue per passenger also rose by 8.7%. ( I wonder if this has anything to do with the fact that the rise in passengers was so tiny.)  Pre tax profit is expected to be up by 7.1%

Big Yellow Group BYG Revenue for the quarter to the end of June has risen by 10%, or 8% on a like for like basis, following a rise of 2.4% in occupancy rates.

 

CRH plc CRH First half group EBITDA should now exceed previous expectations of close to 1 billion Euro and reach 1.1 billion.

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BlackCabbieTrader John Walsh – Trading idea for Friday 22nd July

bc-logo-web-versionBlackCabbieTrader John Walsh publishes tradingJohn2a ideas every day on his Routemaster blog on the blackcabbietrader.com website. His full watch list, exact entry points, stops loss placement etc. are all published in real time in The Knowledge area of the website.

Today’s trading idea for Friday 22nd July is Long CNP. More here

Brand CEO Alan Green discusses Watchstone Group (WTG) on the VOX Markets podcast

AGTipTVBrand CEO Alan Green discusses Watchstone Group (WTG) plus last week’s Momentous Event at the London O2 with Justin Waite on the VOX Markets podcast.

The interview is 11 minutes in. Click here to listen

BlackCabbieTrader John Walsh – Trading idea for Thursday 21st July

bc-logo-web-versionBlackCabbieTrader John Walsh publishes tradingJohn2a ideas every day on his Routemaster blog on the blackcabbietrader.com website. His full watch list, exact entry points, stops loss placement etc. are all published in real time in The Knowledge area of the website.

Today’s trading idea for Thursday 21st July is Long XRS. More here

BlackCabbieTrader John Walsh – Trading idea for Wednesday 20th July

bc-logo-web-versionBlackCabbieTrader John Walsh publishes tradingJohn2a ideas every day on his Routemaster blog on the blackcabbietrader.com website. His full watch list, exact entry points, stops loss placement etc. are all published in real time in The Knowledge area of the website.

Today’s trading idea for Wednesday 20th July is Long MPW. More here

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