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Smith & Nephew Raises Dividend 20% as Growth Slips

Smith & Nephew plc SN. proposes to increase its full year dividend by about 20% at current exchange rates following  a fourth quarter fall in reported revenue of 3%. The CEO admits that 2016 growth of 1% in reported revenue was lower than the company wanted and blames market conditions in China & the Gulf States with headwinds and foreign exchange movements also getting their fair share of criticism. 2017 is expected to produce stronger growth, with  reported revenue anticipated to rise by between 1.2% and 2.2%.

Thomas Cook Group TCG describes its first quarter performance to 31st December as solid, with revenue up 1% helped by growth in holidays to Spain and long haul destinations and Greece showing particular strength with a rise of 40%. Summer bookings are 9% ahead of last year with 31% already sold and digital is spurting ahead with growth of 20%. There is however some caution about the uncertain economic and political outlook for the rest of the year.

Boohoo.com BOO has agreed to acquire he assets of Nasty Gal, who/which, it says offers exciting opportunities to accelerate its international offering. The deal is due to be concluded on the 28th February.Watch Full Movie Online Streaming Online and Download

Enterprise Inns ETI is to change its name by removing the Enterprise and becoming plain Ei Group which sounds like it was dreamed up by a committee of accountants who hadn’t a clue as to the importance of enterprise in a company. In the 18 weeks to the 4th February, like for like net income rose by 1.6%

Tate & Lyle plc TATE Expects that its full year performance in constant currency will be modestly ahead of expectations at the half year mark. The quarter to 31st December saw profit in both divisions ahead of the previous year.

DFS Furniture DFS Gross sales rose by 7% in the half year to 28th January as the good times continued. The company expects to be able to announce a  a proposed special dividend at the end of March but warns that the furniture industry faces increased risk of a market slowdown in 2017 because of the uncertain outlook for consumer confidence.

Villas & houses for sale in Greece  – visit;   hiddengreece.net

Naked Wine on Cloud Nine

The CEO of Majestic Wine (WINE) is very excited about Naked Wines record sales of £100 m., already achieved in the year to 31st March 2016. For those who like their wine clothed and in a glass, Naked Wine is an online crowd funding platform and apparantly one of the best things since sliced bread.

Enterprise Inns (ETI) Reinvigoration of leased and tenanted pubs is continuing, leading to like for like net income growth of 1.5% in the 25 weeks to the 19th March.Its quality commercial property portfolio has seen rapid expansion and a new share buy back programme of up to £25 million is being initiated.

Science in Sport (SiS) is still running up losses despite revenue growth of 18% in the 9 months to 31st December. The underlying operating loss came in at £0.25m as against £0.19m for the previous 12 months due to investment in brand awareness and market entry costs in Australia and the US.

888 Holdings (888) has been hit by a triple whammy of Duties, VAT and adverse currency movements. Despite that it puts a brave face on things and claims that 2015 was a very good year with a like for like revenue rise of 12%, casino revenue leading the way with a rise of 18%. Unless one adjusts it, profit before tax has been halved from $67.9m to $32,5m and similarly with earnings per share which are down to 8.3 cents from the previous years 16.1 cents – gain, unless one adjusts it.  Total dividends for the year are being increased from 15 cents to 15.5 cents

Thomas Cook (TCG) claims to be going for margins rather than volume, which is perhaps as good an excuse as any whilst times are hard and summer bookings are falling. Conditions are challenging and volatile and confidence has been affected by disruption in key destinations.

Winter UK bookings are down 3%, continental Eurrope by 8% and only Northern Europe shows a rise.

Summer holidays are 40% sold which is 2% down on last year =, whilst summer bookings are down 5%.

Hang on to those margins Mr Cook at least until you have to start discounting later in the year, if things get worse.

Villas & houses for sale in Greece;   http://www.hiddengreece.net


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