Portmeirion Group – AGM update sounds encouraging, but how so is it really?

Published 1 day ago

An “AGM Statement” announcement from Portmeirion Group (PMP) commences that total group sales are up 26% for the four months ended 30 April 2017 relative to the same period last year” and includes “pleasing performance of the company to April 2017”. Sounds encouraging…

Flowtech Fluidpower – states dividend “in line with current market expectations”, but not profit. Wonder why?...

Published 124 days ago

Updating on its 2016 performance, fluid power products supplier Flowtech (FLO) notes that it intends to propose a 5% increased dividend “in line with current market expectations” and “expects underlying profit before tax will be in the range £7.0m to £7.2m”. How does the latter compare with expectations then?...

AO World – argues “Continued Growth and Strategic Progress”, BUT…

Published 135 days ago

UK and Europe online electrical retailer, AO World (AO.) headlines a trading update for the quarter to 31st December “Continued Growth and Strategic Progress”, though the shares are currently approaching 8% lower, at 170p, in response. Hmmm…

Majestic Wine – Christmas Trading Statement sales numbers appear promising, but are they?

Published 137 days ago

“Christmas Trading Statement” from Majestic Wine (WINE) notes an underlying sales increase of 12.4% for the 10 weeks ending 2nd January. Sounds promising…

Science in Sport – a “trading update” which omits to update on the bottom-line impact of trading!

Published 142 days ago

Sports nutrition company Science in Sport (SIS) has made a “Pre-Close Trading Update” announcement commencing that “sales increased 30% to £12.24 million in the 12 months to 31 December 2016”. Sounds promising, what about profitability?…

Trading platinum has produced my biggest wins in 2016

Published 168 days ago

I’ve always had in an interest in the natural resources sector, but in the past I had mainly stuck to investing and trading the shares of companies within that area.

Dewhurst – performance from “materially below” to “positive… compared with current market expectations”

Published 194 days ago

Previously writing on Dewhurst (DWHT) on a February AGM update, I noted further negative macro read-across. The company has now updated including “whilst seasonal effects mean the company's second half is traditionally stronger than the first half, the effect in FY16 has been greater than usual”

Carclo – after dividend failure, an acquisition & placing…

Published 225 days ago

Having recently cancelled its full-year dividend after the ex-dividend date, specialised plastics company Carclo (CAR) has now announced an acquisition! (along with a trading update and placing)…

James Halstead – states recent ‘drastic’ Sterling reversal “bodes well”, but enough to make the shares a buy?

Published 298 days ago

“Pre-Close Trading Statement” from James Halstead (JHD) updates that “trading through to 30 June 2016 has been solid and profit before tax for the full year will be ahead of last year, in line with market expectations and at the highest level in the company's history”. This is despite that “during the majority of the year Sterling traded at a higher level than the prior year presenting challenges to our overseas turnover, which is in excess of 60% of total turnover”. Does opportunity now knock then here?

Elektron Technology – current trading lower, lashings of jam tomorrow…

Published 303 days ago

Elektron Technology (EKT) CEO John Wilson emphasises that “the group continues to make progress in the delivery of new product development programmes in our growth brands, which the board believes will significantly enhance shareholder value”, though current revenues (six months ending 31st July 2016) “are expected to be lower than those for the same period last year”. Hmmm…

EU Supply – AGM trading update, can a discounted fundraising be avoided?

Published 354 days ago

Having cautioned on shares in e-procurement software provider, EU Supply (EUSP) at 4.5p in January, I now update on the back of an “AGM Statement” announcement which sees them currently at 4.125p…


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