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Ian Pollard – Amino Technologies #AMO – Resilient performance; revenue, profits, EBITDA & earnings down, divi up
Amino Technologies plc AMO claims a resilient performance in challenging markets for the year to the 30th November. The dividend is being increased by 10%, the seventh consecutive year, it claims of dividend increases. That is all very good if it is backed up by the figures which speak for themselves. Revenue fell by 7%, gross profit by 15%. EBITDA by 18%, profit before tax by 26% and earnings per share by 30%
Ocado Group plc OCDO claims that 2018 was its “18-year overnight success”, the result of many years of focus, dedication and perseverance as it continued on its journey of transformation. Group revenue for the year to the 2nd December grew by 12.3% and is expected to grow by a further 10-15% in 2019. The number of active customers rose by 11.8. Gross profit was up by 10.8%, although EBITDA was down by 20.7%.
DCC plc DCC operating profit for the third quarter to the end of December 2018 was significantly ahead of the prior year, with strong operating profit growth seen on all fronts. Despite a milder winter, it is expected that operating profit for the year to the end of March will be significantly ahead of the previous year.
Mattioli Woods MTW is increasing its interim dividend by 15.1% for the six months to the 30th November.another period of sustainable profit growth, achieved against the backdrop of a complex market. Revenue growth was slightly lower than expected. Adjusted profit before tax rose by 8.1%, adjusted EBITDA by 18.5% and adjusted earnings per share by 9.2%
Safestay plc SSTY Total revenue for the year to the 31st December rose by 39% and occupancy improved from 72.8% to 75.6%. A further fifteen cities have been identified for a European roll out. The company is already one of the leading hostel operators in Europe with 2,792 beds and the market is one of the fastest growing segments of the accommodation market with a growth rate of 5%.
Sainsbury J SBRY First quarter sales for the 16 weeks to the 30th June saw a continuation of the improving volume trend which became evident in the second half of last year. Like for like retail sales grew by 0.2% excluding fuel and grocery sales rose by 0.5% helped by online grocery growth of 7.3% and an improving price position. Clothing and General Merchandise, including Argos both outperformed the market in what Sainsbury claims were challenging conditions. It is also on track to achieve its target of 200m in cost savings for the current year.
National Express NEX has been awarded a major bus contract in Morocco.covering the major cities of the Kingdom and with expectations of carrying 100m. passengers a year across 61 routes. The initial contract is for 15 years with an option to extend for a further 7 years and services are expected to commence with a year.
Gresham Technologies plc GHT expects a strong second half despite an anticipated decline of 5% in group revenue for the six months to the 30th June. Like for like Claretti revenue should show a rise of 17% for the first half but non Claretti revenues are expected to slide by 21%.
Staffline STAF updates that it is only trading inline despite a strong performance in The Recruitment division which has continued to perform strongly allowing it to meet growing customer demand during the six months to the 30th June.
Mattioli Woods MTW produced another year of strong and sustainable growth, with organic revenue growth of over 15% in the year to the 31st May. Acquisitions remain a core part of the company’s growth strategy. and recent acquisitions have continued to perform well. EBITDA has also continued to grow and the EBITDA margin for the year remains slightly ahead of the 20% target
Nektan NKTN delivered very strong growth, with record net gaming revenue of £5.7m,in quarter 4 an increase of 10.9% over the third quarter and 36.7% compared to quarter 4 of 2017. The strong fourth quarter ensured that full year net gaming revenue was £19.4m, an increase of 48.1% over the previous year. The strong momentum is expected to continue in the year ahead.
H&T Group HAT expects profit before tax for the full year to 31st December will be above market expectations following a strong fourth quarter in pawnbroking, with quality watches doing particularly well. The pledge book increased by11.6% on a year ago following the higher gold price and the personal loans book rocketed by 94.7%, after the introduction of a lower interest rate, long term product
Micro Focus International MCRO is increasing its interim dividend by 16.4% for the half year to the 31st October and afrer completion of its complex acquisition of HPE Software on the 1st September. The interim figures include results from HPE. as from 1st September. Revenue rose by 80.7% and pre tax profit by 28.7% ( or 33.8% at constant currency rates). Basic earnings per share fell by 9.5% but on an adjusted basis rose by 16%. Micro Focus is confident that its industry leading margins will ensure that it can deliver on its strategy which will be enhanced by further acquisitions.
System 1 group SYS1 (formerly Brainjuicer) After a fall of 9% in first half gross profit, trading in quarter three has continued to be worse than expected and expectations for gross profit for the full year are that it will show a 20% decline on the previous year. Profit before tax for the full year will be only a little over breakeven point. The cas position is however sound with a balance of £4.6m and no debt
Bango BGO saw total End User Spend for the year to 31st December, grow by by 105%, from £132m to 271m. It has also now entered into partnership with Netflix to launch carrier billing for Netflix customers in Mexico, making carrier billing available to over 12 million Mexican customers.
Mattioli Woods MTW The six months to the end of November has produced another period of strong and sustainable growth with EBITDA margins for the first half substantially ahead of the 20% target.
Stobart Group STOB The new CEO who has only been in post for two months has issued a surprise warning that the company faces short term risks in both energy and aviation and that there will be short term delays in the company’s value creation potential although the long term potential remains unaffected. Despite the popularity of Southend airport where passenger numbers rose by 22% in the 5 months to the 31st July, more airlines need to be persuaded to use it. In energy, problems have been caused by delays in commissioning new power stations and in the take up of agreed bio mass volumes, with only 40,000 tonnes being supplied out of a notified 190 tonnes. The second half should see some amelioration in the position with expectations that deliveries will reach 330 tonnes.
Halfords HFD Like for like revenue for the 20 weeks to the 18th August rose by 2.7% with retail growing by 3.5% and auto centres down by 2% “as planned”. No explanation is given as to how or why the decline was planned (editor has a good idea – sic). The strongest areas were travel solutions with growth of 8.2% and cycling which was up by 5.2%.
Redrow RDW has delivered record financial results for the fourth consecutive year and a final dividend of 11p per share makes a 70% increase for the year to 30th June. And that is nothing compared to what the future three years will bring, with expectations that 2017’s 17p total will in 2020 have nearly doubled to 32p per share. As for 2017 legal completions rose by 15%, revenue by 20%, profit before tax by 26% and earnings per share by 27%. Sales in the first 9 weeks of the new financial year are up 8% on a year ago.
Mattioli Woods MTW enjoyed strong new business flows during the year to the 31st May leading to a 17.4% rise in revenue, 18% in EBITDA and 18.7% in basic earnings per share. The final dividend is to be increased by 12.8%. The company;s financial position is described as strong with net cash of £23m
Lighthouse Group LTG made further progress in the 6 months to the 30th June with revenue rising by 8% leading to rises in EBITDA and basic earnings per share of 26% and 35% respectively. The interim dividend is to be increased by 33% to 12p per share.
BP results trigger FTSE slump? Nick ‘Moose’ Batsford discusses with Zak Mir & Brand CEO Alan Green on TipTV
Nick ‘Moose’ Batsford was alongside Zak Mir, Technical Analyst for Zak’s Traders Cafe, and Alan Green, CEO of Brand Communications, when he opened the Tip TV Finance Show to discuss a range of stocks and the outlook for the FTSE 100, as well as the recent macroeconomic activity in global markets. Stocks discussed include BP (BP.), Ocado (OCDO) and Mattioli Woods (MTW).
Alan Green discusses Mattioli Woods (MTW), a mini Hargreaves Lansdown (HL.) on the ADVFN podcast with Justin Waite. Click here to listen to the podcast.