Shaftesbury Plc SHB updates that it enjoyed robust footfall and trading over Chistmas and the New Year, with resilient demand for regular space and high occupancy, leaving one wondering whether the demise of the high street was just another media myth. Occupiers generally, they claim, reported growth in turnover compared with the same period in 2017 and despite reports to the contrary Shaftesbury’s restaurants, cafes, pubs and bars were particularly busy throughout the festive period.”
SSE plc SSE updates for its third quarter ending on the 31st December that it still intends to recommend a full-year dividend for 2018/19 of 97.5 pence per share and to deliver the five-year dividend plan set out in May 2018;However surrounded on all sides by interfering busybodies from the Europen Court of Justice to ministers of the Crown and our own ridiculous looking politicians, there is little wonder that it ever finds time to get down to its real job of keeping our homes war. If the Brexit shambles ever taught anything it must be that politicians and Bureaucrats must never be allowed anywhere near industry. This years consequnce of so doing is that there will be a directly attributable fall of 6% in earnings per share from 64p to 69p per share. Imagine the screams and accusations from Parliament if a major UK company caused so much damage to itself. It is at least happy that it has been able to make good progress in our core businesses and also demonstrated its ability to create value for shareholders. No mean achievements in view of the obstacles placed in its way.
Smart Metering Sys SMS produced a 54% increase in the total number of metering and data assets under management by 31 December 2018. The portfolio of domestic smart meters increased by 100% increase year on year from 423,000 at 31 December 2017 to 846,000 a year later.The company has also signed an agreement with Co-operative Energy Limited to be appointed preferred supplier fund and install Co-operative Energy’s meters of which it already has 326,000.
MySale Group MYSL experienced challenging trading in the first half with Group revenue decreasing by 17% and gross profit down by 35% with active customers falling by 7% .The performance is admitted to be disappointing but management claims that immediate action has been taken to remedy it and an improved performance will be delivered in the second half when a positive underlying EBITDA is expected.