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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.