Not Again – More Unspecified “Challenging Conditions”

More and more Boards and CEOs seem to be waking up to the fact that if they claim to be operating in “challenging conditions” it makes their performance and governance, good or bad, look even better than it really is. What they forget is that some of us, perhaps even some shareholders, would like to know what these challenges actually were but generally they remain a well kept secret. If they were so serious that they affected the company’s performance and results, surely shareholder have a right to have details as to exactly what the challenges were which their company management was too clueless to overcome.

Wood Group WG. still expects that full year 2016 EBITA will be about 20% down on 2015 but it still expects to increase dividends per share by 10% or more. It has found that the North Sea operating environment has been very challenging for both volume and pricing but the International business performance has been robust.

Stobart Group STOB intends to increase the level and frequency of  dividend payments as from October when a quarterly dividend will be paid. Stobart exp[ects that this will be at the rate of 3p per share on top of which share buybacks and special dividends will occur as circumstances permit.

Harvey Nash HVN has increased gross profit by 8% in the first four months of the current financial year despite challenging conditions. Significantly the UK was the worst performer with zero growth while mainland Europe from which we have just decided to divorce, came up with 11%, the USA with 24% and Asia Pacific with 5%.  Uncertain times lay ahead says the company. With the irresponsible and fairly clueless political leaders who claim to govern both the UK and the EU, that should come as no surprise.

Vianet VNET Despite economic uncertainty which the company finds unhelpful, trading in the first 2 months of the current financial year is noticeably ahead of last year.

AA plc AA has agreed to sell its Irish business for £156.6m

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

BlackCabbieTrader John Walsh – Trading idea Thursday 30th June

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 30th June is Long RAI. More here

Brand CEO Alan Green discusses Smart Metering Systems (SMS) and Brexit on VOX Markets podcast

AGTipTVBrand CEO Alan Green discusses Smart Metering Systems (SMS) and Brexit developments with Justin Waite on the VOX Markets podcast.

The interview is 11 minutes in. Click here to listen.

DDD Group (DDD) – Result of AGM

DDD_WhiteDDD Group plc (AIM: DDD, OTCQX: DDDGY, the ‘Company’ or ‘DDD’), the advanced imaging and 3D solutions company, announces that all the Resolutions contained in the Notice of AGM were duly passed and that Mr. Paul Kristensen has retired by rotation from the Board of Directors with immediate effect. The proxy results for the meeting will be posted on the Company’s website later today.

Included in the Resolutions was the approval for the Company to cancel admission of its ordinary shares (‘Ordinary Shares’) to trading on AIM with effect from 7 July 2016. 112,801,969 shares (59.2% of the issued share capital) were voted on this resolution with 104,432,084 (92.6%) voting in support for the resolution and 8,369,885 (7.4%) voting against it. The last day of dealings in the Ordinary Shares on AIM will be 6 July 2016. If shareholders wish to buy or sell Ordinary Shares on AIM they must do so prior to the cancellation becoming effective.

The Board is pleased to announce that it has decided to join the Asset Match private market with effect from 7 July 2016. Asset Match, a firm authorised and regulated by the Financial Conduct Authority, will operate an electronic off-market dealing facility for the Ordinary Shares. This facility will allow Shareholders to trade their Ordinary Shares on a matched bargain and arm’s length basis via periodic auctions.

The matched bargain trading facility operates under its own code of practice which governs the behaviour of participants and the running of the auctions. This code of practice is available to view at www.assetmatch.com and requires that, among other things, the Company:

  • has management information systems and a sound system of internal controls appropriate to its size, so as to provide a reasonable basis for the Company to make informed decisions about its financial position and prospects; and
  • has adopted a code of dealings in relation to the Shares for directors and their connected persons and relevant staff, based on the UK Listing Authority’s Model Code on directors’ dealings; and
  • provides all shareholder communications and submissions made to Companies House to be made available on their Company’s page via the Asset Match website.

Shareholders are encouraged to register at www.assetmatch.com and to add DDD Group plc to their “watchlist” in order to keep up to date with developments. Further details regarding this facility and auction timelines will be made available in due course via the Company’s website at www.dddgroupplc.com

Enquiries

DDD Group 

Chris Yewdall, President & CEO

Victoria Stull, CFO

 

+1 310 566 3340

Peel Hunt LLP (UK Nomad/Broker)

Richard Kauffer / Euan Brown

 

+44 (0)207 418 8900

Beaufort Securities (Joint broker)

Elliot Hance

 

+44 (0)207 382 8300

Berns & Berns (US PAL)

Michael Berns, esq.

+1 212 332 3320

About DDD 

DDD transforms the visual experience. Its advanced imaging and TriDef®solutions are licensed by leading brands including Samsung, LG and Lenovo for use in TVs, tablets and PCs. Over 56 million 3D products have been shipped by DDD’s licensees worldwide. DDD’s shares are quoted on the London Stock Exchange’s AIM Market (AIM: DDD) and the OTCQX (DDDGY). For more information please visit www.DDDgroupplc.com.

IMC Exploration – Irish Landscape – Vale of Avoca

IrishLandscapeAn excerpt from The Irish Landscape, a book by Dr Peadar McArdle, geologist and former director of the Geological Society of Ireland.

Wicklow – Mountain -Building in Seven Easy Stages.

Stage 3:

 

This stage spotlights the rocks surrounding the Vale of Avoca, which developed as part of a chain of volcanic islands on the Iapetus Ocean floor. Imagine an explosive eruption where the ashes fall into the surrounding sea and are then disturbed by storms or seismic activity. The ashes would move down slope as turbidity currents and then spread out over considerable areas of the deeper seafloor. The eruptions on Montserrat in the Caribbean during the 1990’s were probably similar in scale and impact. hot circling water beneath Avoca’s seafloor dissolved metals from its surroundings and, when convected back to the seafloor, precipitated its metals in those ashes. The Avoca copper deposits formed from such seafloor emissions.

The Vale of Avoca became a popular visitor destination following publication in the early 19th century of Thomas Moore’s (1779-1852) familiar ballad, “The Meeting of the Waters”.

This was not the first time, however, that this district came to public attention, because little more than a decade earlier, a remarkable gold rush took place in the valley to southwest of Woodenbridge. Between diggers and spectators, perhaps thousands were present some days. But talk of national good fortune was premature and most of the readily accessible lucrative deposits were exhausted, without valuable bedrock source being discovered. Nevertheless, its fame was such that the popular Irish playwright, John O’Keeffe (1747-1833) produced a successful play on the West London stage, ‘The Lad o’ the Hills’, based on events surrounding it.

 

Stagecoach Rushes to Brexit; Payment Expected Sometime

Stagecoach Group SGC has announced the sudden disposal of its Megabus Europe retail operations to Flix Bus.  It is not getting a single penny in cash and completion is at the end of this week. All it is getting is a loan note for an unspecified amount which it expects to be paid by the end of the year. Normally major companies do not dispose of a large part of their operations without  some gaurantee that at the end of the day they will be getting paid a specific amount on a specific date. Perhaps the fact that losses at its european megabus operation soared by sixfold during the year from 4.2m to 24.1m.  may have something to do with the unseemly rush to get out.

The company also admits that its bus and rail operations are beset by challenging trading conditions not only in mainland Europe but also in the UK and North America. In particular UK bus growth has been low and UK rail has challenges.

Total operating profit for the year to 30th April fell from 217.9m to 171.7 m.  despite a rise in revenue of 20%.  The one thing which is not challenged is the final dividend which is raised from 7.3p per share to 7.9p, making an increase of 11% for the year.

Greene King GNK had a transformational year in 2016 with group revenue for the year to the 1st May, up by 57.6%. Profit before tax followed suite with a rise of 60.6% and the dividend is to be increased by a modest 7.7%. revenue passed £2billion for the first time  and the new year has started well, with a like for like sales rise of 2.8%.

Dixons Carphone DC. announces another year of significant earnings growth withgroup like for like revenue rising by 5% in the year to 30th april. Even southern Europe, long the laggard, managed 4% growth. Profit before tax rose by 17% and the final dividend is being inxcreased to to 6.5p making a 15% rise for the full year.

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

BlackCabbieTrader John Walsh – Trading idea Wednesday 29th June

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 29th June is Long AMH. More here

Brand CEO Alan Green talks Brexit, Ocado (OCDO) & Babcock (BAB) with Zak Mir on TipTV


In today’s Tip TV Finance Show open, we discuss the Brexit fallout, its political implications, top stock picks – Ocala Group (OCDO), Babcock International (BAB); and they key trending market news, with Zak Mir Technical Analyst at Zak’s Traders Cafe, and Alan Green, CEO at Brand Communications.

Redrow Admits To Decades Of Under Supply

Redrow RDW managed to increase its average selling price in 2016 by over 10% which is not bad going in an economy parts of which are struggling with price deflation.  Redrow blames the continuing housing boom on decades of under supply, which raises the question of course as to why Redrow and all the other house builders kept the market under supplied for all those years. Why didn’t they build the number of houses which the market needed.

2016 pre tax profits are expected to beat analysts estimates. Private reservations rose by 46% and at the end of June the private order book was up by over 50% on a year ago. Annual turnover rose by 20% and legal completions by 17%.

Carpetright CPR Statutory profit before tax for the year to 30th April soared by 137% and basic earnings per share by 198%.  Despite a reduction of 5.4% in store space, revenue for the year only fell by 1.3%.  UK like for like sales rose by 2.8% whilst Europe did even better with a 4.8% rise. New store format and branding was completed within the year.  The current year got of to a very bad start in May with like for like sales collapsing by 7./6% but they recovered in June with a rise of 6.3%. No doubt we will read in the not too distant future about market volatility and challenging conditions.

Ocado OCDO Price deflation took its toll during the half year to 15th May, with the value of the average basket down by 2.2%. Volumes including Morrisons, on the other hand were up by 30% and the number of orders rose by 17.8% to 225,000 per week., which Ocado claims is steady progress.

Anglo American plc AAL De Beers saw a fall in sales in its 5th cycle of 2016 but claims it was nothing more than expected. Despite stable prices, it remains cautious about the future.

Fastjet FJET finds that the trading environment is still challenging with passenger numbers lower than expected and the load factor down to 47%.  The board believes that the new CEO will give the group a viable and attractive future but none of the present members seem to think that the mess created by their governance is anything for which they can be blamed.

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

BlackCabbieTrader John Walsh – Trading idea Tuesday 28th June

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 28th June is Short TIF. More here

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