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Character Group plc CCT Claims that despite substantial all round declines it continued to trade well as far as its leading in house ranges were concerned and the addition of exciting new ranges. These figures it adds, show great strength and depth, such as revenue dropping from £61.5m. to £50.5m., basic earnings per share down from 27.3p to 16.9p unless you include significant items where the drop was even greater, down from 25.18p to 2.07p. EBITDA collapsed to £2.07m. from from £7.9m. Then it admits what already stands out a mile, namely that trading was lower than in the previous year but unbelievably, showed great strength and depth. In fact, such great strength and depth that the board decided it needed to keep the shareholders onside and did so by upping the interim dividend from 9p to 11p per share. Blame is then laid fairly and squarely not on management but on what it describes as unspecified sector disruption and upheaval.
boohoo.com BOO 2018 was a year of great progress with revenue for the year to 28th February rising by 97% and profit before tax by 40%. Strong gains were made across all “geographies” with the UK showing a 95% rise and international, 99%. The number of active customers during the year rose by 22%. A strong start has been made to trading in the first few week of the new financial year and trading for 2019 is now expected to show a 35-40% rise.
Crawshaw Group CRAW blames everything and everybody except management and the board for its disappointing performance in the year to the 28th January. It managed to transform a statutory loss before tax of £1.4m int a much greater loss of £13.5m, after a rise of 1% in revenue. And believe it or not this is all due to the high street performance being impacted by so called “consumer headwinds” ( oh, not again) and inflationary pressures. And that is not the end of the sad story. Trading in the first 12 weeks of the new financial year has been challenging, in particular. poor weather and continued high street pressures. So there you have it, a list of excuses which is weaker than the trading performance. And this is the company which is focused on becoming Britain;’ leading value butcher. Not surprisingly it is seeking to appoint a new management team. Any takers?
Water Intelligence WATR Strong first quarter growth saw sales rise by 40% and profit before tax by 50%. Parts and equipment sales rose by some 20%. The Executive Chairman claims that the company is just at the beginning of its upward journey and that increasing sales have provided a good start to the year.
Brainjuicer BJU regained momentum in 2016 and traded strongly, especially in the US, after the modest performance of the two previous years. Gross profit for the year to the end of December rose by some 27% to about £25.6m and even after payments of £5.2m to shareholders by way of dividends and share buy backs, the year ended with a cash balance of £7.8m., equal to 63p per share. Pre tax profit for 2016 is expected to be 37% higher at £6.2m. Final results are expected on the 9th February.
Midatech Pharma MTPH expects revenue for the year to 31st December will have risen to £9m from 2015’s £1.4m. Double digit top line growth is expected for 2017.
Bonmarche Holdings BON had a fairly disastrous Xmas with like for like store sales for the 5 weeks to 24th December down by 3.4% and online sales, unlike other retailers, slumping by 14.3%. Total like for like sales over the 5 weeks fell by 4.2%. Obviously there seems to have been a problem with t heir online offer. Christmas trading was only a continuation of the fall seen over the first 9 months when total sales fell by 5.3%
Character Group CCT expects first half results to be lower than last years as sales of Teletubbies, Fireman Sam et al fell slightly for the 4 months to December. The fall in the value of sterling also adversely affected gross UK margins and the company has taken measures to mitigate this and these are already starting to take effect.
Elecosoft ECO expects profit before tax for the year to the end of December will be significantly ahead of market expectations after 2016 produced record sales. furt her progress is expected in 2017