Plant Impact PIM enjoyed strong growth during the year to 31st July, with revenue up by 60% and gross profit by 59%. The company believes it is well positioned to continue to develop successfully. The share price on the other hand has not been strong. during the past 12 months it has fallen from 62p to to 46p at which level it formed a double bottom in March and July and now stands at 49.5p.
WPP plc WPP Third quarter reported revenue jumped by 23.4% in sterling terms but the weakness of the pound led to that becoming a much more modest 7.6% at constant currency levels and over the first nine months, 8.5%. Nonetheless WPP is still on target for yet another record year. Like for like growth in the first three quarters of 2015 averaged 5.5% but 2016 has been well down on that with an average of 3.5%. WPP claims that many of its clients have a challenging problem which is the short term attitude of institutional investors and analysts with the result that the CEO’s of major companies can now expect to remain in office for no more than 6-7 years whilst the life expectancy of Chief Financial Officers is even less. Activist investors seem to regarded with some disdain.
Centamin CEY Third quarter gold production rose by 41% over quarter three 2015, whilst full year 2016 production is now expected to be towards the upper end of guidance, whilst costs will be at the lower end. Underground drilling at Sukari has produced positive results and an updated reserve and resource estimate is expected during quarter 4.