Tom Winnifrith: The Top short sellers, bears and fraudbusters all together on April 1 - don't miss out
Published 2 days ago
Hello Share Sappers. Occasionally armchair tycoons like us come across a little jewel. When it happens, and I’ve commended this share to you previously, it is very tempting to blow my own trumpet. Which is what I now do with Creightons (CRL).
Published 3 days ago
Well that didn’t take long; 26th October 2016: “Van Elle (VANL), the geotechnical contractor offering a wide range of ground engineering techniques and services to customers in a variety of UK construction end markets, is pleased to announce the admission to trading on the AIM market”. 22nd March 2017: trading update including “delay and deferral of contracts”…
Published 5 days ago
ShareProphets AIM-China Filthy Forty purveyor of all things fishy, Aquatic Foods (AFG), has updated on 2016 Q4 trading this morning. In a statement plastered with Red Flags it would appear that the company is nearing the final chapter of the China Norfolk playbook as we are warned that there has been a spot of bother getting cash out of China. Is it bye-bye to the dividend?
Published 11 days ago
You’ve probably guessed already that I mostly prefer future prospects to past performance when assessing if a share should attract my hard-earned. Thus a balance sheet is of interest to me - but not quite as much as a bit of old-fashioned imagination when trying to second guess if a service or product will fly in the next few years.
Published 16 days ago
Shares in Portmeirion, Spode, Royal Worcester, Wax Lyrical and Pimpernel homewares group Portmeirion (PMP) are currently slightly lower despite it “delighted to be reporting an eighth consecutive year of record revenue”, this up by £8 million (11.7%) to £76.7 million…
Published 17 days ago
Copper has been showing some signs of weakness in the past week or so following an unstoppable rise from around $2/lb during the early part of 2016, and despite the pullback it is still trading much higher, at around $2.62/lb, as I write this piece.
Published 17 days ago
Hello Share Shellers. Some of my formative years as a broadcaster were at BBC Radio Leeds. It was in the centre of that fair city in a shopping paradise called the the Merrion Centre. Happy days!
Published 21 days ago
Hello Share Swappers. We are now living in even scarier times than usual in Shareland. What with Brexit, Big Donald, a possible new cold war, inflation and growing world debt. We are also being frightened witless by the continuing shocking revelations by Uncle Tom and his top team of investigators. If I were running a shaky company, especially one on AIM, I would not be sleeping - ever.
Published 23 days ago
Previously writing on networked video security systems group IndigoVision (IND) late last year, I concluded that further trading and financial comfort was required. I now note the shares currently on the rise on the back of results for the 2016 calendar year…
Published 28 days ago
Information management software and services supplier, Idox plc (IDOX) has updated on “a strong start to the new financial year” and an “encouraging” outlook…
Published 30 days ago
Hello Share Plodders. For a year or two now I've been saying that British banks are worth a re-look, if only because the number of fines and compensatory payments are bound to diminish soon. Now it looks as though the bank shares I've been suggesting most are set to rattle ahead even faster than the last few weeks. And their recent progress has already been encouraging.
Published 32 days ago
Having previously concluded on shares in Lighthouse Group (LGT) at 11.75p that they could prove good value, I note that they are currently higher today on the back of a results announcement for the 2016 calendar year…
Published 36 days ago
Driver Group (DRV) has announced self-admitted “disappointing” results for its year ended 30th September 2016 and a bailout fundraising, though argues that stakeholders should soon be able to “look forward to the future with renewed confidence”. Hmmm...
Published 36 days ago
Having previously concluded that shares in Holders Technology (HDT) were on the bargepole list, I note the announcement of results for its year ended 30th November 2016…
Published 36 days ago
Hello Share Squirmers. There was a rather unnerving fall for shares in Photo-Me (PHTM) in the middle of last month. It was based on a scare story that the quality needed for official id photos could be provided by mobile phones and so could be something of a challenge in the future for automatic photo machines.
Published 39 days ago
Hello Share Puddlers. I’ve previously commended to you the outer space firm of Inmarsat (ISAT). It sends satellites up there to help with mobile phone signals in difficult places, like Everest. It also provides navigation for ships and planes.
Published 40 days ago
Niche plastics products manufacturing group, Plastics Capital (PLA) has updated that it “continues to trade in line with market expectations” and that “trading conditions are generally good”. Should I thus alter my previous cautious stance?…
Published 40 days ago
Hello Share Grinders. As I write this, I’m aware that wise Shareprophets commentator Wildrides will be sharpening his pencil to disagree. And I am not at all sure about supermarkets myself - though I still have shares in the big three home-grown ones. Looking at Morrison (MRW), Sainsbury (SBRY) and Tesco (TSCO), I think the last named is the most likely to bring us the most money from our owning the shares.
Published 42 days ago
A contract announcement from national financial advisory group Lighthouse (LGT) sees me catch-up on progress of this former tip – we having banked more than 50%, less than 6 month, gains on the shares at 14p following an offer approach a bit less than a year ago…
Published 43 days ago
Shares in Billington Holdings (BILN) are currently on the slide despite a trading update noting that full-year “results are anticipated to be in line with market expectations and the board is particularly pleased with the progress made at the new Shafton facility”. Hmmm…
Published 44 days ago
Writing on St Ives (SIV) last month, I concluded that I was far from as confident as the company and retained the scepticism which has served well from 125p. Now, a 12 noon “Statement re contract” announcement sees the shares further lower…
Published 44 days ago
Hello Share Pluggers. I’ve held my ITV (ITV) shares since Noah went to youth club. And though I’ve seen a horrible dive or two, the shares had been climbing back strongly for at least five years now.
Published 46 days ago
I previously cautioned on parcels, mail and logistics group DX (DX.) with the shares at 30p HERE and 16p HERE. Hopefully the warnings were heeded as a “Trading update” announcement currently sees the shares 60% lower, heading towards 7p…
Published 53 days ago
Writing last month on commercial flooring company James Halstead (JHD), I noted particular wariness of the valuation as it updated that “making progress against the comparative half-year will be difficult”. There is now a “Pre Close Trading Statement”…
Published 53 days ago
Shares in illustrated book publishing group Quarto (QRT) currently trade approaching 9% lower, at 290p, despite a trading update for 2016 including that “a resilient performance in the core publishing businesses means the group expects to report profits in line with management expectations,…”. Ah. “… excluding the impact of our Books & Gifts Direct business”…
Published 53 days ago
Yesterday we noted the announcement from ShareProphets AIM-China Filthy Forty play - and one of the Fujian Four – Jiasen (JSI) that it was proposing to delist from the Casino. Having listed at 82p per share in 2014, the current 3.125p (mid, last seen) seems a trifle disappointing. Today the company has given its reasons for the proposal. Try not to laugh….
Published 56 days ago
Whenever you get a big drop in the share price of FTSE350 companies it can represent a buying opportunity, depending of course on what caused the drop in the first place.
Published 56 days ago
Hello Share Suckers. You’ve may have noticed, but probably haven’t, that I’ve been selling shares in some companies which I am heavily invested in. This is because times are uncertain and success with a few of my favourites, have left them a little top heavy in their pricing territory.
Published 57 days ago
T.Clarke (CTO) was previously featured on this site late last year after an attempted ‘no-one watching o’clock’ announcement of “financial irregularities”. The following updates, with the shares currently heading towards 20% higher, at over 70p, on the back of a “Trading Update” announcement...
Published 57 days ago
Coral Products (CRU) served up its interim results on December 8 with a bullish statement on the rest of the year. Today we are told that "a poor trading performance at its Coral Products Mouldings Limited subsidiary during November and December 2016 group profitability for the year ending 30 April 2017 is likely to be materially below management's and market expectations." WTF - how on earth was the December 8 statement not massively misleading? is that down to a deliberate wish to mislead or just incredibly bad internal financial controls?
Published 57 days ago
Hello Share Twangers. Though not a revolutionary sort of person, I do rather like an intriguing name when it comes to stumping up for shares. Revolution Bars (RBG) has a romantic ring to it, don’t you think?
Published 61 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?...
Published 61 days ago
Previously writing on Braemar Shipping Services (BMS), I suggested that holding, at the then 370p, was only for the very brave or very patient and that I’d avoid. Hopefully that was heeded as another “Trading Update” announcement today is another profit warning – and sees the shares currently down towards 250p…
Published 64 days ago
Hello Share Snafflers. Well, it seems the old Footsie has called a halt to its record-breaking run into ground-breaking highs. Does this surprise anyone? Of course not. What keeps on going up has to come down. So it’s possibly time to pause in our headlong rush to find shares which put on capital value. Let’s instead turn once again to an ever-important part of the armchair tycoon’s income - the dividend.
Published 65 days ago
Portmeirion, Spode, Royal Worcester and Wax Lyrical homewares group Portmeirion (PMP) “is pleased to confirm that it expects profit before taxation for the year to 31 December 2016 to be slightly ahead of market expectations”. BUT…
Published 65 days ago
Shares in marketing services group St Ives (SIV) are currently circa 37% lower, at around 80p, on the back of a “Trading Statement” announcement. Profit warning ahoy then!…
Published 68 days ago
Hello Share Swipers. Though it horrifies me to think of it, I first watched independent television when I was cramming for my eleven plus. It was at my uncle’s house, as we couldn’t afford a new telly to take the second channel and it must have been sixty years ago. Robin Hood was on.
Published 70 days ago
Hello Share Ticklers. I’ve just bought a bit of the City of London Investment Group (CLIG). Those of you with long memories may remember I’ve previously a piece or two commending this holding company to your further researches.
Published 73 days ago
Aerospace and defence group Cobham (COB) has released a “Post-close Trading Update”, with the shares currently around 15% lower, at 140p, in response. Uh-oh…
Published 75 days ago
Hello Share Baiters. That awful share to hold, Lloyds Group (LLOY) may be getting less arduous. There is some optimism in the City that the current disappointing share price may rise 20% or so to beat 75p. Presently it’s around 66p.
Published 92 days ago
Hello Share Squirters. The Footsie keeps on rising. Allowing for the usual Santa Rally, one wonders why? After all, as Uncle Tom keeps saying, the world is overloaded with debt and many big countries, like Italy, France and Spain, have shaky economies. There seems no obvious reason for shares to bloom.
Published 96 days ago
Ho Ho Ho, Share Packers Aggreko (AGK) is a company which I’ve featured recently. And since then, I think the story has got a little better.
Published 100 days ago
Hello Share Tootlers. It's quite a bit since I last suggested you might do some further research on Assura (AGR). Since then the company has found another £300 million from investors.
Published 103 days ago
Hello Share Twizzlers. I've not had much success with my spread betting exploits. I've had three goes with three different companies, but this kind of investing, if investing it is, has seen my original stakes disappear. And rather quickly, too.
Published 106 days ago
Engineering and environmental consultancy group Waterman (WTM) has updated on performance in conjunction with its AGM – and the following reviews with the shares presently 3% higher at 84p…
Published 106 days ago
Dublin-headquartered international grower, importer and distributor of produce including bananas, pineapples, melons and mushrooms, Fyffes (FFY) has agreed to a €2.23 per share offer from Japan’s Sumitomo Corp, seeing Fyffes’ shares on AIM currently 44.5% higher to 186.5p (currently just under €2.22)…
Published 108 days ago
Hello Share Planners. You may have noticed all the UK banks have been rising over the last few days. This has happened even though the rest of the Footsie has been pretty stodgy. The reason, I think, is that Italian banks have become even more unreliable, and by unfair association, the banks of other Eurozone countries.
Published 113 days ago
Writing on commercial flooring company James Halstead (JHD) in August I concluded that the circa 426p per share valuation deterred me. The shares have recently risen towards 500p but despite now updating that “the fall in the value of Sterling following the referendum vote of June has contributed to increased margins on our overseas sales, increased competitiveness and positive growth” and noting confidence “in the prospects of the company going forward”, the shares are currently approaching 6% lower today, back towards 450p...
Published 113 days ago
Hello Share Bashers. Selling computers and phones and big screen television sets has not been easy. In recent years, quite a few stores have disappeared from our high streets and out of town shopping centres.
Published 115 days ago
Hello Share Squeezers. You have to love traditional institutions. Marks and Sparks (MKS) is certainly one of those. But apart from a purchase early on in my investing career (not far beyond the Iron Age) I have avoided the shares. Reason: I bought them at £3 plus and for most of the years ever since the share price has monkeyed about at roughly the same level.
Published 118 days ago
Estate agents took a big hit last week when Chancellor Philip Hammond’s Autumn Statement revealed a surprise, in the form of a ban on letting fees.
Published 120 days ago
Previously writing on engineering and technology recruitment group, Gattaca (GATC) I noted that the full-year numbers suggested compelling value, but questioned whether the shares actually were. Some buying has now been announced, with the shares having slipped further from the just below 300p of my previous update…
Published 122 days ago
Hello Share Twirlers. The broadband and phone company TalkTalk (TALK) is not a share I would buy at the moment. And that’s a pity because I think someone needs to break the dominance BT (BT.A) seems to have on the market. Strong competition has always kept fees for broadband from being extortionate, and we can’t afford a shrinking market.
Published 127 days ago
Hello Share Scrapers. I'm usually ambivalent about TUI (TUI) the big British/German travel tour company. Truth is I can't see much future in an operation which helps people organise events when the computer in your front room makes this easier as time rolls on. Yet there's no denying that ever since 2011 at least TUI has bumped up profits year on year.
Published 128 days ago
Marketing group Creston (CRE) has announced results for its half year ended 30th September 2016, but also that it is recommending a 125p per share offer from a company of 28% shareholder DBAY Advisors…
Published 131 days ago
Hello Share Plungers. As usual, when raising the thorny issue of whether banks are ever going to get back on track after the trauma of 2008, I am attacked by the symptoms of nervousness. But I still think all British banks will see fairly hefty share rises over the next few years. This is partly because outrageous fines issued by interfering busybodies and compensation claims will surely start to dry up.
Published 132 days ago
Shares in ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) put on 35% on Friday, following release of a third quarter trading update. Drilling through some of the numbers they seem to be impressive, begging the question of why an apparently profitable and cash-generative company which is drowning in cash worth about three times its market capitalisation would be considering its dividend policy, having chopped the half-year payment by 71%.
Published 134 days ago
On the back of an August AGM Statement from Castings (CGS) with the shares at circa 428p, I noted there looking an increased risk of short-term share price pain. The following updates on the back of the company’s Half-year Report, with the shares currently sub 400p…
Published 138 days ago
Hello Share Crunchers. I’ve made an awful lot of gelt out of a firm which is mainly known for hiring out electricity generators. But it is a few years since I decided that the share price of Aggreko (AGK) had motored beyond its prospects, and I dumped the lot.
Published 141 days ago
Shares in provider of competitions to win luxury cars online and at retail locations, Best of the Best (BOTB) currently trade more than 8% higher, at 230p, on the back of a “Trading Update” announcement including “trading for the six months ended 31 October 2016 has been strong with profits before tax generated ahead of management expectations”…
Published 142 days ago
Shares in engineering and technology recruitment group, Gattaca (GATC) are currently 15% lower today, at sub 300p, despite a results announcement emphasising “profits in line with market expectations”. Hmmm…
Published 143 days ago
Hello Share Diviners. Jim Slater's legendary book on shares, second in my view only to my own works, including the recent Share Attack, advocated investing in shares you really know something about. I seem to remember - though could be wrong - that the Zulu Principal got its name because his wife knew plenty of stuff about Zulus.
Published 145 days ago
In this, the 31st day of the tenth month in the year of Trump, we have today been delivered results from oil services group Plexus (POS) that are truly abysmal. One broker described them as "shocking" but that is unfair, we have been warning you for a long time that Plexus is in deep merde and things will only get worse.
Published 149 days ago
Hello Share Wallowers. It’s all happening at the old Royal Bank of Scotland, now known boringly as RBS (RBS). It’s all about ownership of its smaller Williams and Glyn business. Spain’s Banco Santander was round the table with W and G, but then it pulled out, reportedly over differences about the price. But now the Glasgow bank Clydesdale (CYBG) may step in.
Published 155 days ago
Having in August stated that its engineering and technical recruitment consultancy ATA “has successfully navigated through the period of market anxiety leading up to the EU referendum”, RTC Group (RTC) has now announced its short-term performance has been impacted by delays in the commencement of infrastructure projects…
Published 162 days ago
Hello Share Munchers. I’m quite a fan of investment in emerging markets. My main reason is that they have room to grow as poverty-prone populations become, well, a bit less poverty-prone. I suppose I’m mainly thinking about India and China. Together with many African countries which are not doing at all badly, despite common perceptions to the contrary.
Published 164 days ago
Hello Share Twiggers. The price of oil continues to nudge up. As I write, it is only a whisper away from a 10 month high. I see no reason why that trend won’t continue, especially with winter drawing on and my central heating boilers going full pelt for the first time today. Another clue to rising oil prices is that big costs are returning at the petrol pumps.
Published 179 days ago
UK business IT and communications service provider, Alternative Networks (AN.) has made a “Trading Update” announcement including under a first bullet point “some project completions will be delayed beyond the year end”. Uh-oh…
Published 180 days ago
AIM-listed CSF Group (CSFG) announced this morning that it is to call an EGM for shareholders to consider a resolution to delist from the world’s most successful growth market. The reasons cited are the lack of institutional demand, liquidity which is effectively meaningless and the failure to secure additional capital by way of equity financing. So much for AIM as a source of growth capital.
Published 185 days ago
Womens value retailer Bonmarche (BON) has announced it has followed a “generally poor summer season” with “extremely poor” trading in September – stated to be “largely as a consequence of the unseasonably hot weather which has not favoured sales of our new autumn ranges”. Hmmm…
Published 186 days ago
Half-year results from scientific instruments company Judges Scientific (JDG) include Chairman Alex Hambro “pleased to be able to report, for the eleventh consecutive year, record revenues and dividends”. The shares are currently more than 9% lower, at sub 1300p, in response. Hmmm…
Published 191 days ago
Hello Share Pippers. The chain store firm of Dunelm Group (DNLM) has produced some jolly good figures. They are in line with other reports that consumer spending is actually up since the Brexit vote. So all those gloomy folk who predicted hard times ahead after our decision to divorce from Europe are wrong.
Published 193 days ago
Since previously updating on my share tips of the year last month – see HERE, both have had significant news…
Published 193 days ago
Hello Share Samplers. At the risk of annoying some of my gloomier detractors, I continue to argue that house builders are a good investment at the mo. A good friend of mine has just bought a large house in a very swish part of the Smoke. I admit this could be a mistake, as some London house prices are under threat because of Brexit. Fewer rich foreigners will buy here, it is argued, because the capital will no longer be seen as the centre of the financial universe.
Published 197 days ago
Hello Share Puddlers. The Honkers Bonkers bank (HSBA) has been doing rather well on the old share front of late. Each day seems to bring another 1% or so. This is encouraging news for me as the family has rather a big holding which is at least 40 years old.
Published 198 days ago
Hello Share Slammers. It's been a while since I revisited an old favourite, City of London Investment Group (CLIG). During that time I sold my holding, because I was sitting on a reasonable profit and when you are dealing with an investment company with its main interest in foreign parts, you never really know what is going to happen on a global, politico-macro basis.
Published 199 days ago
Most recently commenting on marketing communications company Creston (CRE), I concluded, with the shares then recovering towards 100p, that, although the valuation remained potentially attractive, an unpromising combination of factors saw me retain the caution that has served well since I previously wrote. The following updates with the shares currently at 101.5p on the back of an AGM statement commencing that “the group has had a positive start to the year”...
Published 204 days ago
Having previously announced that it was “engaged in discussions” following a 24p per share possible offer, Red24 (REDT) has now further updated as an initial Takeover Panel deadline came into play. the shares are now 24p mid which is not bad as we tipped it just about six weeks ago at a 19.75p offer.
Published 205 days ago
Shares in Stilo International (STL) currently trade more than 9% lower today, at just over 7p, on the back of the company’s half year results announcement. This follows them also having fallen by more than 14% following the company’s announcement of 2015 results in March. Hmmm…
Published 205 days ago
Hello Share Shufflers. I have commended Debenhams (DEB) shares in the past, but I’m changing my mind. This is not because I dislike the store. My nearest branch, which is fairly new, is well laid out, spacious and welcoming. But the truth is that many of us are ordering on-line these days. And sadly these big chain stores may become more and more unnecessary. I had hoped that the nation’s love of shopping would keep them hugely profitable, but hopes are fading.
Published 213 days ago
Half year results from Molins (MLIN) – the company's first stated “Key point”: “Results in line with management expectations”. Good, good. Final such point: “the board is taking a more cautious view of the short-term trading outlook and has revised downwards its trading expectations for the current year”. Uh-oh...
Published 219 days ago
Commenting on an AGM update in May from packaging company Robinson plc (RBN), I concluded, with the shares at 155p, that I’d tread cautiously with it looking that the first half year performance at least wasn’t going to be pretty. The following updates, with the shares currently down to 145p, on the results announcement…
Published 220 days ago
Automotive and commercial vehicle-focused iron casting and machining company, Castings (CGS) has updated that “our plan to fill the profit gap created by the ending of a major machining contract remains on course with improvements still expected from 2017/18”, though now also that “we have seen a softening in demand from our main customers since the statement in the Chairman's report in June”. Hmmm...
Published 221 days ago
Oh dear, oh dear. This does not look good. ShareProphets AIM-China Filthy Forty China fraud Aquatic Foods Group (AFG) has announced that it hasn’t paid its full-year dividend of 0.7p per share due to a “technical administrative delay”. Is that because there isn’t any cash?
Published 221 days ago
You cannot complain when one of your tips of the year has put on over 35% in the last eight-and-a-bit months, but it would be fair to say a month or two into the year even I wondered what I had let myself in for with BHP Billiton (BLT).
Published 225 days ago
Hello Share Touchers. The medical world is going to keep on expanding as new cures and treatments come on the market in the wake of huge scientific advances these days. I once wrote articles for a big global company on efforts to defeat the common cold. I also wrote a popular book on the subject, called Attishoo.
Published 232 days ago
Having commenced the year at above 500p and been around 400p just before the Brexit vote, shares in specialist engineering and technology recruitment group, Matchtech (MTEC) are currently recovering to above 350p on the back of a “Trading Update for 12 months ended 31 July” announcement…
Published 233 days ago
Following its recent profit warning, “Portmeirion Group (PMP) is pleased to announce its performance for the six months ended 30 June 2016”. Hmmm…
Published 235 days ago
Flowtech Fluidpower (FLO) opens an announcement today with that it “is pleased to announce the further strengthening of its product offering in the hydraulics sector through the acquisition of Triple Six Limited, and provide an update ahead of the release of the company's half-year results”. The shares are currently 5% lower, at 105p, in response. Hmmm…
Published 235 days ago
A “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?
Published 235 days ago
Unfortunately with many AIM companies these days, news is hyped up so much that when it actually arrives it can rarely meet the expectations of investors.
Published 242 days ago
AIM-listed jam-tomorrow investment company Tern plc (TERN) released its interims to June 30 2016 this morning. Once again the company has to be commended on the speed with which it gets its numbers out. As expected there is a large paper profit, no cash and the promise of future dividends despite a lack of cash and hefty retained losses. As to the profit…..
Published 243 days ago
Estate agents and housebuilders plummeted after Britain voted to leave the EU, as the chances of a slump in the property market were seen by some as having increased as a result of that outcome. I have no doubt that some companies in these sectors will be badly hit, especially those whose business is focussed around higher end properties in London, such as Foxtons, but for others I see the recent drops in share price as presenting a buying opportunity, especially when taking a longer term view.
Published 246 days ago
I commented on home safety products supplier Sprue Aegis (SPRP) in April as its shares were crashing on the back of a profit warning plus - see HERE. The following updates with the shares currently up today, to 181.5p, on the back of a trading update ahead of late September-expected results for the first half of 2016...
Published 261 days ago
On a May AGM update from AIM-listed homewares group, Portmeirion (PMP) I concluded, with the shares at 1155p, that “the risk/reward trade-off now certainly looks to have swung to the former at this juncture. This suggests the shares currently to be avoided” - see HERE. Hopefully this was heeded as it’s now profit warning ahoy and the shares are heading towards 850p…
Published 264 days ago
Having sold on the Nifty Fifty subscription site last year at above 100p, the following updates on Plastics Capital (PLA) with the shares currently at 93p following results for its year ended 31st March 2016…
Published 264 days ago
No doubt Paul Scott is wetting himself as TrakM8 (TRAK) boasts of how pre-tax profits of £3 million leads to cash of £4.45 million being generated in calendar 2015. There is so much cash generated that his Dorset bunnies are paying a 2p per share dividend, even though the company has now moved into net debt. The squeals of Scotty delight in Brighton are almost audible here in Bristol. Except that it is all smoke and mirrors. TrakM8's business remains a piss poor non generator of cash.
Published 268 days ago
And so the ShareProphets AIM-China Filthy Forty is to be reduced by yet another company to just nineteen as GTS Chemical (GTS) has decided to up sticks in the best interests of its shareholders. For some reason this, apparently, serves as a perfectly valid reason for the company to bin the full year dividend which had previously been earmarked for an increase.
Published 269 days ago
At its 13th May AGM industrial maintenance, repair and overhaul products distributor Brammer (BRAM) announced that “whilst there will be an increased weighting of the group's financial results towards the second half, our expectations for the full year, assuming our key plans for improvement in the UK and Nordics are achieved, remain unchanged”. We are now though told of a “reduced level of profitability”, seeing that “the group will be close to its net debt/EBITDA bank covenant at the period end”…
Published 269 days ago
Uncle Tom disagrees with me, but I never underestimate the power of the UK public and foreigners,f or that matter, to imbibe alcohol. My evidence is that every other customer at my local supermarket check-out has a basket full of cans and bottles and often little else.
Published 273 days ago
Recruiter Prime People (PRP) has announced results for its year ended 31st March 2016 and that“current activity is resilient across the group”. The results show a pre-tax profit of £2.15 million on net fee income more than 20% higher than in the prior year, at £12.28 million, generating earnings per share of 13.84p, up from 9.28p. The dividend per share was maintained at 8.84p.
Published 275 days ago
Shares in marketing communications group, Creston (CRE) are currently recovering towards 100p following its announcement of results for the year ended 31st March 2016 and CEO’s statement that “despite still having work to do, we are looking forward to continuing… progress in the coming year and I believe that we are in a good position to capitalise on the positive work already achieved”. Hmmm…
Published 276 days ago
Results for its year ended 30th April 2016 from Photo-Me International (PHTM) include “a 14.6% increase in reported underlying pre-tax profits to a record £40.1million”, though the shares are down more than 17%, at around 132p, in response. As a shareholder Malcolm Stacey’s response is HERE and the following is my take.
Published 276 days ago
Hello Share Twinklers. As Uncle Tom would have it, Photo-me (PHTM) is my favourite company. I’m not sure about that but it is still rather galling for me to have to report that the shares are down 15% as I write. It has, to be fair, motored upwards for a few days earlier on the expectation of a preliminary results statement which came out today. But that statement is not at all bad, and I fancy that the 15% fade will soon start to look a lot better.
Published 280 days ago
Since I last updated, there has not been much share price cheer from my two tips of the year for 2016, but has this been in contrast to the news flow? …
Published 282 days ago
A couple of months ago I covered Glencore (GLEN) as a short, but I now think it is time to consider closing and looking to go long on the shares, especially on any dips.
Published 285 days ago
This morning saw annual results released for Water Intelligence Plc (WATR), which owns American Leak Detection, Inc. This primarily US-based business (clue is in the name) uses infrared and other advanced technologies to find and fix water leaks. I’m sceptical of US companies on AIM but will try to approach this with an open mind!
Published 289 days ago
Hello Share Plungers. I’ve been teetering round some serious Royal Dutch Shell (RDSA) research for a week or two now. That’s because I - along with a goodly few other City commentators - expect the price of Brent to skid upwards. But why buy Shell shares in preference to those offered by all that competition? Because of size mainly. Shell is probably too big to fail and if that oil price keeps bubbling up, then good old Shell we will among the biggest beneficiaries.
Published 290 days ago
Provider of digital technology and enterprise software for businesses operating in the retail, manufacturing, wholesale distribution and logistics sectors, Sanderson (SND) has announced results for the six months ended 31st March 2016 and “a good level of confidence that the group will continue to make further progress and deliver trading results in line with market expectations”. The following updates post a chat with management…
Published 291 days ago
International practice of architects, interior designers and engineers, Aukett Swanke (AUK) has announced results for the six months ended 31st March 2016 and is “pleased to report another period of profitability”. The shares are currently down 18%, at 5.125p, in response though. Hmmm…
Published 292 days ago
Amino Technologies (AMO) has announced “a strong first half performance with record order intake and a very encouraging backlog to take into the second half of the year following sales growth in key regions”. Sounds interesting…
Published 292 days ago
Highland Gold (HGM) is well worth a look at the moment with the recent rally in commodity prices expected to extend at least throughout the rest of the year.
Published 304 days ago
Shares in a number of companies in the airlines sector are looking quite appealing at the current levels that they are trading at, and for me EasyJet (EZJ) falls into that category.
Published 307 days ago
With uncertainty over Brexit and possible market turmoil around this event, and assuming you’re not planning to move to cash, now would seem like a good time to add some defensive shares to your portfolio.
Published 324 days ago
Hello Share Screamers. I was going to sell my bulky haul of RBS (RBS) shares - until I saw the latest set of results. Of course, I should have sold them a few years ago when the price was around 500p. Now it’s around 220p. But I dare to think that things may improve now.
Published 353 days ago
Having followed a profit warning with news that its CEO is to walk the plank, geoscience services group Getech (GTC) has announced results for its half year ended 31st January 2016. They ain’t pretty…
Published 355 days ago
Published 358 days ago
Hello Share Flickers. For many months now, I’ve been bringing you shares which you may not have considered before. I’m delighted that some of these companies have shown tasty improvements, despite a very downbeat City at the mo.
Published 359 days ago
Hello Share Squashers. Having looked hard for a house in the not too distant past, I can attest to how useful the big online estate agents really are. You just plonk in your location and price range and there you are. Saves oodles of time. It even allows you to know what your chosen house sold for last time and when.
Published 361 days ago
Hello Share Crunchers. If we assume - and I think this might be a safe bet - that oil prices will perk up, then perhaps we should cast about for shares in the energy game which might ride the rally.
Published 370 days ago
Hello Share Pickers. You don’t need me to tell you that shopping habits are changing. Yes, the days of going shopping are still with us. The great British public regard it as its number one hobby.
Published 372 days ago
Hello Share Tusslers. Spaggers recently asked me on this magnificent website to have a look at one of the alternative banks. Banks that are not among the big four British banks with their less than impressive recent history. So why not put under the spotlight Onesavings Bank (OSB).
Published 375 days ago
Hello Share Scrimpers. Here I go again - recommending a bank for your scrutiny. I sometimes wonder why I bother, as the big British banks have an eight-year-old habit of letting us down.
Published 385 days ago
Hello Share Trekkies. The health game is a good place to be for winning share seekers like us in 2016. Bio-science firms are set to reap the benefit of an ageing world population with all its attendant health problems. And even younger folk will sadly require more medical care, unless they can do something about their unhealthy diets.
Published 386 days ago
Some good news from the ShareProphets AIM-China Filthy Forty in the form of a proposed disposal by Asian Growth Properties (AGP) was detailed on Tuesday. At its last set of numbers interims to June 2015 the company stated NAV per share at 125p and until recently the shares had been trading at a fraction of that (sub-20p). The news saw the shares race away to close at 46.5p mid, although they gave some back on Thursday.
Published 388 days ago
ShareProphets AIM-China Filthy Forty play Aquatic Foods (AFG) released a trading statement yesterday for its full year to Dec 2015. I commented that the last trading statement had more holes than a fish-net and yesterday’s serving of fishiness lowers none of the Red Flags previously raised.
Published 388 days ago
Hello Share Trundlers. The real reason why Barclay’s (BARC) share price fell so sharply on its results is that the dividend was cut by more than a half. This whammy was compounded by the company’s forecast that this state of affairs would continue for a year or two.
Published 392 days ago
Last May, shares in Lloyds Group (LLOY) reacted to a better-than-expected set of results by rising to very nearly 90p. It was an improvement that put the other high street banks to shame. But turmoil in Europe and a slowing Chinese economy sent the price dribbling down soon afterwards.
Published 393 days ago
A 5:06pm “Trading update”, Uh oh. A 24th February such announcement from IT and telecommunications provider, Alternative Networks (AN.) commenced that “the group's Advanced Solutions business continues to make good progress following the completion of the integration of the acquisitions made in 2014…”. Oh, ok. “… This has recently been offset by significant ongoing pressures in our mobile business”. Uh oh, here we go…
Published 393 days ago
Hello Share Shufflers. Well, that was a nice surprise in these dismal times. The old Royal Insurance company, combined with the Alliance. has had a difficult few years. But the latest results from RSA (RSA)showed a sparkling improvement. And the shares rose 12%, which is exceptional for a Footsie giant.
Published 396 days ago
Hello Share Riders. As a long, but mild, winter gets set to change into Spring, I am going cold on Centrica (CNA). Time was when I was a great supporter. Much good did it do me. I made a lot of cash in my early years with them, but then the share price more or less flattened out.
Published 400 days ago
Hello Share Walkers. The low price of petrol won’t last for ever and that could mean a stronger move to public transport. I’m already a keen train and bus traveller, as I’m too lazy to concentrate for hours on end on a motorway.
Published 401 days ago
Hello Share Polishers. They tell me that all the gold in the world is only enough to cover a football pitch. Though nobody informed how deep the deposit should be. TW Note: It is actually "fill an Olympic sized swimming pool."
Published 402 days ago
Ahead of April scheduled results for 2015, Action Hotels (AHCG) has updated that its “nine operational hotels performed strongly and in line with expectations” and that “an increase in reported net asset value is expected as a result of new hotel openings, upward revaluations of existing properties and new additions to the portfolio”.
Published 402 days ago
Hello Share Shafters. I keep stressing, to the point of boredom I expect, that these days, it’s best to choose companies which pay richer dividends. We cannot rely on share prices rising, but even in the choppiest waters, some firms manage to award a decent divi two to four times a year.
Published 403 days ago
Yesterday I wondered why shares in fully listed Telecom Plus (TEP) had been dropping, and turned up a few nuggets in its interim statement and, of greater concern, a new £150 million loan facility on the Companies House website. Were these the cause of the drop since the turn of the year? Well perhaps not, for into my inbox has dropped an “underperform” note from top analysts RBS Capital Markets.
Published 414 days ago
Waterman Group (WTM) has updated on “a successful interim trading period”ahead of results scheduled for 29th February.
Published 418 days ago
Hello Share Movers. There are more jobs in Britain than there ever have been. Quite an amazing fact, don’t you think? When you consider that we all once expected a sci-fi future full of labour-saving devices.
Published 436 days ago
Hello Share Shufflers. It’s probably time we revisited a share I know is very popular among the astute denizens of this superlative website. I refer to Lloyds Group (LLOY).
Published 442 days ago
I previously commented that following the disposal of Telegesis by three of the four Oxford Technology VCTs there looked to be some value to be had, and that it looked as though dividends were on the way. Yesterday evening came 3rd quarter numbers for all four funds and the news was generally good.
Published 481 days ago
GLI Finance (GLIF) has updated on its net asset value per share performance – reporting it to be 52.30p as at 30th September 2015. This represents a slight decrease of 0.34% from 52.48p as at 30th June, though compares to a current share price of 44.5p.
Published 482 days ago
I covered news that an investment made by VCTs 2, 3 and 4 had worked out very well, and that reading the runes one might come to the conclusion that there are some pretty hefty dividends on the way. If fact the numbers are rather better than I had calculated and the whopping discount to NAV now presented makes me wonder if at least one of the VCTs’ shares are a buy.
Published 486 days ago
It was announced yesterday that Oxford Technology VCT 2 (OXH), 3 (OTT) and 4(OXF) have disposed of their investment in a company called Telegesis. It looks to be a cracker of a deal for all three funds and the RNSs released by the VCTs yesterday pointedly stated that the directors would be considering dividend policy when they reviewed the third quarter (end of Nov 30) results. It looks as though there are some tasty payments coming.
Published 491 days ago
Six months ago after rhapsodising about the 4.5%+ dividend yield I described the Royal Mail (RMG) as:
‘…a brand that has persisted for hundreds of years and it is not going away. As a balance to your blood, guts and violence capital gain stocks it works’
And in that sense the outperformance versus the broader FTSE-100 index since then has been pleasing to note albeit still down a handful of percent since the call was made versus 10% for the UK’s large cap index. Of course you can’t eat relative performance…but that’s where that dividend comes in.
Published 492 days ago
Back in September I confessed to the ShareProphets readers that I had been making some semi-regular visits to my local 99p Store. I also called a sell/avoid/short on Poundland (PLND) shares and it is the latter which has to interest us today following a litany of disasters in the company’s interim results statement today.
Published 498 days ago
A 10:51am announcement commencing “DX (DX.), the leading independent parcels, mail and logistics operator, announces an update on trading for the financial year to 30 June 2016” suggested just one thing, and yep there it is in the third paragraph; “the board now expects that profits will be significantly below current market forecasts”…
Published 502 days ago
There are some events which transcend normal investment analysis. The shocking scenes of devastation over the last few days from the area around the Samarco iron-ore mine in Brazil following the unintended release of mine tailings received a lot of press coverage. As the co-owner (along with the Brazilian business Vale) BHP Billiton (BLT) correctly in a regulatory disclosure earlier today ‘offered its full support to help the immediate rescue efforts and to assist with the investigation’ and made its ‘immediate priority…the welfare of the Samarco workforce and the local communities’. None of this of course will bring back those who have lost their lives.
Published 507 days ago
Brownfield land developer and housebuilder Inland Homes (INL) is hoping to sign a new joint venture development deal with Southampton City Council and is also looking at two possible acquisitions after nearly quadrupling pre-tax profits to £34 million in the year to June on turnover doubled to £114.2 million, with stated net assets up 48% to 43.9p a share. Based in Amersham and quoted on AIM, the company, which buys brownfield sites in South East England to build homes with an average sale value of between £250,000 and £300,000, has included a £14.5 million revaluation surplus in its pre-tax figure. It says it is going to adopt the European Public Real Estate Association (EPRA) accounting system to show an asset figure reflecting current market prices rather than significantly lower historic costs.
Published 515 days ago
The global mega cap energy sector reporting period kicked off today with BP (BP/) reporting 'underlying profit of US$1.8bn for the third quarter of 2015, up US$500m on the previous quarter, along with plans to rebalance its financial framework and grow value long term'. Well that sounds like something for everyone then: profits sequentially up and more than a hint or two about the importance of remunerating it shareholders.
Published 523 days ago
Hello Share Sorters. I have a holding in the Honkers Bonkers Bank (HSBA). It’s not as big as it used to be, as I realised I was far too overloaded with its shares in the event of another dollop of bad news for banks.
Published 540 days ago
Asian Growth Properties (AGP), a member of the ShareProphets AIM-China Filthy Forty (updated today), has seen trading in its shares on AIM resumed after a deal was announced to sell a large portion of its property assets for a gross consideration of £119 million, and achieve a gain on disposal for the company of £39 million before expenses. The recent interims showed net assets of HK$13 billion (call that about a billion pounds) which we were told represented about 125p per share, so just the profit on disposal should come in at something in the region of 4p per share. The total disposal should realise around 13p a share. It is a great piece of news for shareholders and with the shares trading at 17p (down from 36.75p at IPO) might now look forward at long last to a dividend. Or not:
Published 541 days ago
Not content with seeing Geong (GNG) suspended because its Nomad resigned on Tuesday, or that Camkids (CAMK) suffered the same fate on Monday, we find that a third ShareProphets AIM-China Filthy Forty suspension slipped by: Asian Growth Properties (AGP) - which was suspended in an RNS released by AIM itself, “pending an announcement”. That was at 10.55am, and there has been not a dickie bird since from the company. I note carefully that the AIM RNS did not say “at the request of the Company”. Oo-er missus.
Published 547 days ago
I never cease to wonder at the stupidity of some of the Bulletin Board Morons. Today’s interims from AIM Casino China fraud Jiasen (JSI) are dreadful – an abandonment of dividend policy despite the company claiming to be drowning in cash, a warning of how it will explain away that imaginary cash. Shares in this company have slumped in less than two years from an IPO price of 82p to 7.25p (up 1.25p today). Yet the morons celebrate.
Published 548 days ago
It has been a torrid time of late for mining companies in light of low commodity prices, and even the largest ones have struggled. A number of commodities have been showing signs of bottoming out or even having a bit of a bounce though, and with some of these big companies close to their lowest levels since the 2008 crash, I can see good value in some of them. Top of that list would be BHP Billiton (BLT), which is a company that I have covered before at higher levels and still see as a good longterm buy, even more so at the current share price of around 1041p.
Published 549 days ago
As George Osborne tweets lyrical about being the first UK minister ever to visit the key staging post at the end of China’s Silk Road, Urumqi, JQW has truly tried to make a silk purse from a sow’s ear. If you believe in the tooth fairy then you should buy the shares with all your might. Indeed, you should go down to the world’s local bank (HSBC) and get a mega-loan and buy the entire company for it is trading on a market capitalisation of £11.1 million (source: ADVFN) and yet has a cash pile of £46 million. Heck: shut down the business (except the Chinese authorities have already done that, for a month) and walk away with £35 million profit?
Published 554 days ago
Hello Share Thrashers. I know a few of you did your research after I brought the City of London Investment Group (CLIG) to your notice. And I know one or two of you dipped your toes in the water.
Published 562 days ago
One of the problems that AIM-listed China stocks have at the moment is that nobody believes them. Nobody believes the claimed cash-piles or profits. This is amply demonstrated by the stock-market histoire of Aquatic Foods (AFG), a member of the ShareProphets AIM-China Filthy Forty. To remind you, it listed in just February of this year at 70p per share, to give it a market capitalisation of £79.3 million. Yet the shares fell steadily to the current 29p. Today saw Interims to the end of June 2015. Scratch the surface, and the Red Flags are all too apparent.
Published 572 days ago
Following yesterday's table of the top dividend payers among resource stocks in the FTSE100, below are the top five dividend paying shares whose share prices closed within 1% of a 52-week low on Friday. Qualifying stocks have a yield of >5%.
Published 576 days ago
On Tuesday, Chris Bailey offered some excellent analysis of BHP Billiton’s (BLT) results. I won’t attempt to steal Chris’ thunder, but one point he made has stuck with me. In its own words BHP Billiton’s board is “resolute” to pay what is now a 7.9% dividend. This is an enormous yield for such a large stock and if the directors follow through with this pledge, the current £10.55p share price is surely a gimme. The question is will the company pay this generous sum?
Published 622 days ago
Plastics Capital (PLA) has announced results for its year ended 31st March 2015 and that “trading in the current year is in line with management's expectations” - we note those numbers had already been shaved some months ago. However
Published 652 days ago
AIM casino listed China fraud Camkids (CAMK) has helpfully published an English language transcript of a Q&A from its AGM yesterday. There are moments of sheer comedy but also a killer admission which should tell you this is heading for 0p.
Published 662 days ago
GLI Finance (GLIF) has updated its loyal investors on a 7.1% increase in net asset value per share in the first quarter of 2014 and that the finance platforms in which it has invested “are all performing well, many are ahead of our expectations and we expect significant developments in the second half of this year”
Published 683 days ago
At this point I move away from Oscar Wilde, in the case of Camkids (CAMK) to lose 2 NEDs looks like… a fraud unraveling. Last week it was a British NED who walked. Today we hear that Mircle Yap , a Chinese NED, will be leaving after the AGM on June 11.
Published 692 days ago
Having announced in March that “increased activity levels in the typically busier winter months for insolvency leave the group well placed to deliver the board’s expectations for the year as a whole”, Begbies Traynor (BEG) has now disappointingly updated that it “now anticipates that the outturn for the full year will be below market expectations” - pointing to a further decline in the insolvency market in the UK…
Published 713 days ago
Thursday this week sees General Meetings for Core VCT plc (CR3), Core IV VCT plc (CR4) and Core V VCT plc (CR5). Proposed is a decent sized dividend (good) and delisting, putting the companies into wind-up and the appointment of liquidators. Shareholders have been presented with no choice: they have a gun to their heads and are being forced into submission. Then there are some revelations regarding investee company Allied International Holdings Ltd which I shall come to later as they are not matters for the Sunday breakfast table.
Published 714 days ago
Another winning share tip! AdEPT Telecom (ADT) has updated that profit for its year ended 31st March 2015 is expected to be in line with market consensus expectation, with cash flow ahead – enabling a more than 58% increase in total dividends for the year.
Published 728 days ago
GLI Finance (GLIF) has been a good share tip for us and has just announced results for the 2014 calendar year and that “there is every sign that 2015 with be a breakthrough year for the company following the investments made during 2014”.
Published 765 days ago
Hello Share Swashers. Galliford Try (GFRD) has got more going for it than an odd name. To begin with, it is a house builder – and you may be aware that I've been supportive of the British home-making industry for some time.
Published 770 days ago
Hello Share Pushers. Let's return to the City of London Investment Group (CLIG). Since I last brought this dynamic company to your attention the shares have been putting on steady value, given the odd minor glitch along the way.
Published 782 days ago
Current opinions on the direction of the UK property market over the coming year certainly wouldn’t send me rushing to invest in any estate agents. That is even more the case when you look at London, and especially high-end properties, and is why I currently see Foxtons Group (FOXT) as a sell and would expect the share price to drift during 2015.
Published 798 days ago
Provider of rental equipment and services for broadcasting, Avesco Group (AVS) has announced results for its year ended 30th September 2014 which reflect both restructuring and even year events (Winter Olympics, FIFA World Cup, Commonwealth Games, Ryder Cup) benefits. The company though added that “the first quarter of the current financial year has continued the positive momentum from last year”.
Published 802 days ago
In my appraisal of GKN (GKN) shares last July, I said that I thought they would have attractions when they got to around 340p on the basis that I thought I could see with my little eye, potential trend support when the valuation, on the basis of second half estimated expectations, would make the shares probably look good value.
Published 806 days ago
I suggested here some time ago, that the Tesco (TSCO) dividend payout looked vulnerable, so news that the company will not be paying a final dividend is not surprising. Last year to February 28 2014, the company reported £2.8 billion of operating cash, most of which went in to capital expenditure (£2.88 billion) leaving the annual dividend cost uncovered by operating cash. So the decision to cancel the final dividend and reduce annual expenditure to an annual amount of £1 billion by next year looks logical and rational – and thus I would of thought, encouraging to markets and potential investors.
Published 806 days ago
As Tesco (TSCO) shareholders celebrate the return of a share price that begins with a ‘2’ what should we think of the turnaround plan rolled out by the company’s newish CEO Dave Lewis?
Published 807 days ago
Richard Burrows, the chairman of British American Tobacco (BATS), has increased his ownership of the company with a significant £176,017 purchase. 5,000 shares were bought at a price of 3520.34. He now has 15,000 shares in the business.
Published 807 days ago
It’s not been a pretty period for the oil price. On Monday (Monday 5 January) ICE Brent Crude Oil fell by a whopping 5.95% to just over 53 dollars a barrel. On Tuesday (Tuesday 6 January) it was down a further 1.05% to 52.50 dollars a barrel. The slide continued yesterday.
Published 813 days ago
With the year 2014 complete we now turn to think what it may mean for HSBC (HSBA) and the results to be published early in the New Year. A glance at the charts suggests – from the perspective on a one year view – that the shares are perhaps are towards the bottom of a sideways trading range in which the share price has found support at around 590p and a potential., imputed possibility of it getting back up to 640p or so in due time.
Published 814 days ago
After some careful thought I have selected GlaxoSmithKline (GSK) as one of just two of my Prime Share Selections for 2015. Being honest, I find it difficult to pick two which really should be the best of all shares, but I am fairly confident GlaxoSmithKline will perform well in 2015.
Published 817 days ago
I tipped BP (BP.) last year at 484p on the basis that the shares looked good value and without the foresight of knowing that the price of crude oil would fall so far and so fast, particularly given the recovery of the US economy and the eternal problems of the Middle East. Not a good call in hindsight.
Published 817 days ago
What first attracted me to HSBC (HSBA) as a tip of the year? The fact that I knew how cold and ruthless it could be. I have a certain amount of ‘inside information’ on this. When you look at HSBC... there is often something quite clinical about it. My sister has a bank account with HSBC... you would be hard pressed to easily find that it pays no interest at all. “This account pays no credit interest” it says in the small print. However, if she went overdrawn she’d be charged around 18% every year.
Published 824 days ago
The UK arm of Santander has been given £300 million from its Spanish parent company. On the 2nd of December Santander (BNC) issued the convertible debt to Banco Santander in order to bolster its financial firepower before the end of the year. The reason for this? Well the Bank of England are likely to use the end of year accounts as the key data for next year’s stress tests.
Published 828 days ago
Lloyds (LLOY) has passed the recent ‘stress test’ imposed by Prudential Regulation Authority, the Bank of England’s regulator. This test examined whether banks could cope with a severe economic downturn. The woes included a 35% drop in house prices, a hike in interest rates and unemployment reaching a high of 12%.
Published 836 days ago
The US Supreme Court has piled more misery on BP (BP.) by rejecting its legal challenge to the compensation package over the 2010 Gulf of Mexico oil spill.
Published 836 days ago
GlaxoSmithKline (GSK) has recently announced that it has failed to sell its established products portfolio. This is basically a bunch of North American and European drugs that have recently lost their patent protection.
Published 848 days ago
Having come to the conclusion that Royal Mail (RMG) shares looked good value at 390p in early October, I was chuffed to see the share price then rise to above 460p. Less gratifying is to see it fall to 417p after the recent publication of the company’s first half results to 30th September.
Published 848 days ago
United Utilities (UU.) remains a core holding in my long term buy and hold share portfolio, and I am glad to see that recent results are largely positive. As you may have guessed by now, the most important factor for me is the dividend payment, and this has risen by a healthy amount:
Published 850 days ago
Having sold its mobile business some years ago, BT (BT.A) is in talks with Telefonica about the possibility of buying the O2 mobile business for strategic reasons; to enable it to enter the growing mobile, smart phone data transmission market. That makes sense given that BT has a gap in its service offering in mobile communications and given that it is also a strong internet service provider which needs to expand demand for its services.
Published 851 days ago
Provider of software and services to the multi-channel retail and manufacturing markets in the UK and Ireland, Sanderson Group (SND) has announced results for its year ended 30th September 2014 and that its “order book does provide the board with a reasonable level of confidence, at this early stage, that the group will make further progress in the current financial year”. The following updates post a chat with management today.
Published 852 days ago
The China fraud Naibu (NBU) has today served up a ghastly profits warning but it gets better – it has now changed its excuse as to why a company supposedly drowning in cash has had to scrap its dividend. But Nomad Daniel Stewart, the specialist in floating China frauds, has signed off on the ludicrous statement so that is alright then. Another £6,250 pcm retainer saved for Daniel Cesspit. Ching. Ching. Coke and hokkers all round.
Published 862 days ago
Hello Share Trundlers. My main current reason for buying shares in insurance companies is that they are set fair to take advantage of the ever-improving financial situation, following the now long-gone credit crunch of 2007/8.
Published 867 days ago
National Grid (NG.) is a stalwart of my portfolio and I am glad to see that it has delivered good results again. Most importantly, the interim dividend is 14.71p per share, going ex dividend on the 21 November and is expected to be paid on 7 January 2015. Collecting dividends is a key reason for being a National Grid shareholder, and it is a solid payer - the yield at a share price of 919.5p is 4.6%.
Published 871 days ago
I’ve taken a while to absorb the HSBC (HSBA) Q3 results. It’s interesting to see how the market reacts a while after publication.
Published 873 days ago
BT ‘s (BT.A) reported ‘statutory’ earnings showed a 28% drop in the three months to 30 September, qualified by the company’s management as a 13% rise in adjusted terms. In line with the adjusted figure for earnings, the interim dividend payout was hiked up 15%.Such volatility and contrast between reported and adjusted earnings helped to ease the shares down.
Published 873 days ago
Hello Share Shapers. When British Airways attracted Spaniards a few years ago and became International Consolidated Airlines Group (IAG), I kind of lost track of my holding.
Published 878 days ago
Lloyds (LLOY) results yesterday made mainstream news. There was plenty of interesting information in there for investors. Let’s start with perhaps the most shocking aspect.
Published 883 days ago
The Tesco (TSCO interim results have proved to be such a large dog’s breakfast of awfulness, that it is hard to know where to begin in attempting to describe and understand the situation.
Published 884 days ago
It’s been a torrid year for GlaxoSmithKline’s (GSK) share price. From a year high of 1706p, it recently fell to a low of 1296.p. However there was some much needed cheer yesterday, when the shares, trading at around 1330p, were lifted to over 1400p briefly, before closing at 1385.5p. The catalyst? Publication of its results at 12 o’clock which beat expectations.
Published 886 days ago
It is good to see the FTSE 100 rise today, but not all companies are joining in on the fun. Shares in British American Tobacco (BATS) have fallen, so have shares in GlaxoSmithKline (GSK) and Banco Santander (BNC) shares are basically flat at 549p.
Published 895 days ago
For quite a while, I believe that Morrisons (MRW) has lagged behind the competition in the supermarket sector. It’s been years behind Asda, Sainsbury’s (SBRY) and Tesco (TSCO) in terms of online shopping.
Published 897 days ago
Over the last five years it has generally been profitable to pick up Rio Tinto (RIO) shares – or RTZ as we old farts still refer to them as - at 3000p and below because as the share price graph shows, this has been the point when the investor risk reward ratio has been more heavily weighted towards reward than risk. Moreover, on a year’s chart the share price seems to be well supported; take a peek.
Published 899 days ago
The FTSE took quite a hit yesterday. It closed down by 1.04% at 6495.58. Yet there is good news- I believe there are a number of buying opportunities around at the moment! For the long term investor a general market sell off should be viewed as an opportunity not a cause for alarm. So here are two stocks that I am nowlooking to add to thanks to the market wobble.
Published 901 days ago
Let’s talk about Sainsbury’s (SBRY). My article about it was the first I wrote on this site, feel free to check it out HERE. You’ll notice what has happened to the share price since then is... not pretty.
Published 904 days ago
Having seen the share price of Royal Mail (RMG) reduce by a quarter (from 526p to 390p - last seen) since my initial assessment last May, I thought it opportune to have another look to see where now are in valuation terms?
Published 908 days ago
Another day and another Chinese POS on the AIM casino has cut its cash dividend for reasons that one can only explain in one way. Today’s little shocker is Camkids (CAMK) a shoe producer from Fujian like Naibu (NBU) and those German listed Chinese frauds.
Published 911 days ago
So the share prices of both Tesco (TSCO) and Sainsbury’s (SBRY) have been massacred lately. There are genuine reasons for Tesco being destroyed, such as its reason to slash the dividend by 75% and its ‘overstating’ of profits by £250 million. You could call that latter point fraud.
Published 915 days ago
From the team that brought you Naibu (NBU) we also have China Chaintek (CTEK) which released its interims today and it goes without saying that they do not stack up either. My target price for the shares is 1p (the value of the cash dividend on offer) but since it will probably be the last when the stock goes ex my target price will be slashed to 0p.
Published 919 days ago
Since I had a strategy for investing, I have adopted the ‘High Yield’ approach to buying shares. In a nutshell, this strategy states that you should buy shares with a yield higher than average for the FTSE 100, if possible with a low PE ratio, the dividend well covered and debt as low as possible. Does it work?
Published 922 days ago
Giles Elliot, the non-exec deputy chairman of AIM listed China fraud Naibu (NBU) strikes me as a good and thoroughly honourable man. But he has been made to look like an utter fool by CEO Houyan Lin and I ask Giles when is he planning to quit?
Published 926 days ago
It would be fair to say an interim results statement from Morrisons (MRW) that reiterated their profit range and debt reduction hopes for the current financial year was not a consensus view amongst the (to quote a Chancellor of the Exchequer of yesteryear) ‘teenage scribblers’ that populate the professional analytical ranks of the City’s investment firms. Still, sentiment towards the company feels as low as it was when I first wrote on the stock a couple of months ago. The shares are certainly still kicking around the 170s.
Published 926 days ago
Royal Dutch Shell (RDSA) shares are trading at 2530p on a PE of 15.53 and offering a yield of 4.43%. So should you buy, sell or hold shares in the largest company in the FTSE 100?
Published 927 days ago
At the shambolic Naibu (NBU) AGM on June 30th this year, a number of questions were asked of the non-execs and advisors which they were unable to answer but which they kindly agreed to pass on to the three executive directors who for some reason had not showed up. (Visa problems were cited. Yes really! All three of them)
Published 927 days ago
National Grid (NG.) shares are currently trading at 914.5p with a yield of 4.6% and a PE of 13.77. And that makes the stock look interesting.
Published 929 days ago
Lloyds Banking Group (LLOY) shares are currently trading at 74.01p with a PE that is hard to determine of and a yield of 0%. Some estimates give the current year PE as 10 at the moment. Does that make it a buy or a sell?
Published 931 days ago
Shares in HSBC (HSBA) are currently trading at 657.8p, offering a yield of 4.59% and on a PE of 12.89. So are the shares a buy, sell or hold?
Published 932 days ago
BT (BT.A) shares are currently trading at a price of 387p offering a yield of 2.81% and on a PE of 14.99. So should one buy, sell or hold?
Published 933 days ago
Legal and General (LGEN) shares are trading at 243.1p on a PE ratio of 16.1 and a yield of 3.82%. The company is well known as a provider of insurance and other financial services worldwide.
Published 936 days ago
So supermarkets have been in the news a lot lately, with Tesco (TSCO) slashing its dividend by 75%. All of the supermarket shares took a battering on Friday, with worries that Tesco’s rivals could also cut their dividends. Just on an instinctive feel, I don’t think Sainsbury (SBRY) will cut its but I do feel it may be effected when Tesco start to cut prices- it will probably have to follow suit to an extent.
Published 942 days ago
Hello Share Swingers: I live next door to a block of holiday flats. I'm amazed by the number of empty bottles they put out for recycling. Only two or three families knock back enough wine to fill the cellars of a big restaurant, as far as I can see.
Published 943 days ago
Shares in British American Tobacco (BATS) are currently trading at 3497.5p on a PE ratio of 14.9 and yielding 4.07%. I bought on the 4th August at 3,444.51p with all costs included, and am very pleased with the progress since then. I have a feeling it may well become one of my ‘favourite shares’.
Published 944 days ago
SSE (SSE) shares are currently trading at 1497p offering a yield of 5.79% and on a PE of 11.9. The dividend is covered around one and a half times, and the company has a good track record of consistently increasing its dividends. Many of SSE’s senior figures have said that dividend payment is one of their main priorities.
Published 946 days ago
BP (BP.) shares are trading at 481p on a PE ratio just 6.6 and a dividend yield of 4.8%. The quarterly dividend has recently risen by more than 8% to 9.75 cents per share. BP is my largest holding, and the one I have held for one of the longest time. I am not selling.
Published 954 days ago
At 236p after the interim results to June; despite the government’s abolition of the compulsory annuity rule in exchange for tax relied on such contributions, the market still seems optimistic about dividends and earnings for Legal & General (LGEN).
Published 954 days ago
In my last note on Rio Tinto (RIO) in late July, I finished with an observation that the shares looked attractive on a 4% annual dividend yield and an expectation that the company’s cash flow is likely to improve now that its Australian super efficient iron ore estate at Pilbara is about to come fully on stream. This is after some pretty massive capital investment in its infrastructure. I note that there is increasing talk of the company’s cash prospects and a growing preoccupation with what the company is likely to do with such cash, as and when it starts to flow from better operating margins and cuts in the capital expenditure that produced them. One phrase used in a paper of a decidedly pink hew (I speak of its appearance not its politics or life style inclination) that caught my attention was a reference to Pilbara as the “iron ore cash machine”.
Published 958 days ago
As you know, I believe that AIM listed Naibu (NBU) is a total POS. I do not believe its numbers or its CEO or his mum who still owes the company £2 million she “borrowed” a few years back. I think that the shares at 43.5p are in fact worth 0.0000001p. A 4p per share dividend is due to be paid on Friday. So here is a question for Mr Lin.
Published 962 days ago
Action Hotels (AHCG), the owner, developer and asset manager of branded economy and midscale hotels in the Middle East and Australia, has updated that “a memorandum of understanding has been signed with leading hotel operator Accor for the management of a new 160 room ‘Novotel’ hotel which will be built in the prime business district of Sharq in Kuwait City”. This is in addition to the pipeline of hotels announced at the time of IPO in December and makes the shares look cheap
Published 964 days ago
Last week marketing communications group, Creston (CRE) announced that “current trading is in line with its expectations for the full year” (to 31stMarch 2015) – with, in the three months to 30th June 2014, like-for-like revenue 2% higher than in the corresponding 2013 period (overall revenue: +3%). That helped the shares and we are now 19% ahead on this share tip but there is more to go for.
Published 964 days ago
Platinum mining in South Africa has been a decidedly challenging business of late, with a prolonged miners’ strike rising costs and weak prices combining to sap confidence at many companies. One exception to the sombre tone is AIM-quoted Sylvania Platinum (SLP), whose Chief Executive Officer Terry McConnachie sounds in robust mood, as he suggests the company could receive an official mining right approval for its five to six million-oz. Volspruit open-cast platinum group metals (PGM) project in South Africa’s Bushveld region ‘within one to three weeks‘.
Published 967 days ago
Close Brothers (CBG) the small City banking, jobber (in smaller cap. shares under the Winterflood banner) and investment manager has just produced it close season trading statement, which surprised and pleased the market. In recent months the shares have been trading down; probably on the basis that that competition was increasing with the return of the poisoned legacy banks to more lending (e.g. RBS) and the growth of new lenders giving the UK banking a greater, more diverse and competitive market. The share price, last seen, was 1302p having come down from the last twelve month peak of 1503p, Over the year the share price rose 23% against the FTSE 100 Index rise of only 3.1%. After a period in the doldrums when the shares underperformed a sluggish market (up only 2% in the last six months) the share price is now perking up again.
Published 970 days ago
The fall in the GlaxoSmithKline (GSK) share price to1428p is a story in its self. Not only is it back to where it approximately was in 2013 but it now stands on what I perceive to be a three year support level. (Have a look for yourselves.) If so, will the share price hold there and is it a reason to buy the shares as cheap at 1428p on an historic dividend yield of 5.4% and on the basis that “there will always be a Glaxo”; an approach that has generally speaking been a good point to buy the shares when the news looks bleakest?
Published 971 days ago
On Friday we had the preliminary interim results from the Royal Bank of Scotland (RBS.) Whereas one might have might have expected something slow and vaporous, they were instead robust and tangible enough to push the share price to rise not so much like the slowly rising ghost from the deep grave of its former self but more like a rocket on Guy Fawke's night. The numbers which lit the touch paper of the market’s hopes and best expectations were the reported figures for profits before tax and the operating profits during the first half.
Published 982 days ago
Hello Share Twisters: I've been a holder of IndigoVision Group (IND) for so long I was watching a Viking raid when I first bought the shares. And over those many years, they have done rather nicely, thank you. Before the Credit Crunch they rocketed ahead in a thrilling fashion. Since then, the stocks have done ok. But the share price is due for steady progress I fancy for the rest of the year.
Published 987 days ago
The news that Alan Stewart was to depart Marks & Spencer (MKS) as it Finance Director saw the next day’s M&S share price increase a little. In the case of Tesco (TSCO) the price was down 1%. Stewart has a tough job to do at Tesco but as one might imagine, logically - and from his new Tesco pay packet - that he is up to the job.
Published 1004 days ago
With events in Iraq, Syria and Ukraine continuing to rumble on, you would have thought that a defence company would be an ideal investment – especially one with strong global market positions in pyrotechnics and countermeasures plus developing exposure in the growing sensors/electronics areas. Chemring (CHG) has been a volatile investment, however, and at the time of writing is once again below 200p a share having been at 285p as recent as March. I noted an opportunity in Chemring shares back in January and enjoyed the sharp rise, but now the shares are back to the multi-year low levels of last November.
Published 1024 days ago
Hello Share Shiners: There are some companies that shout success at you. The share price continues to rise in a slow steady progression and the divis tick up, too.
Published 1030 days ago
Hello Share Shufflers: There's been some interesting news about the government's house buying scheme. Apparently 28,000 families have been able to buy their own homes under the Right to Buy plan.
Published 1032 days ago
The results from Sainsbury (SBRY) for the year to 15 March were far from being a disaster; which was good news given the cloud the food retail sector has been under from those drat German price discounters, who seem to have learnt how to compete on both price and perceived quality. Sales were up by 2.8% - not bad even if the ‘like for like’ sales from the stores that had been open a year or more, were up by a mere wisp at plus 0.2%. The company retained its market share in the year to March 2014.
Published 1037 days ago
Closed-ended real estate investment company, Max Property (MAX) has announced a 21% increase in underlying net asset value per share, to 164.5p, in its year ended 31st March 2014 and a proposed first return of cash to shareholders of 15p per share. Money back to Daddy. Good News!
Published 1043 days ago
Hello Share Turners: It's always prudent to inspect some of your biggest holdings every few weeks or so to see if the story has changed.
Published 1044 days ago
Dot Digital Group (DOTD) has enjoyed fantastic growth over the past year and that looks set to continue. The technology company provides products to the digital marketing sector and has seen its share price increase from around 15p, twelve months ago, to a recent high of 37.75p. It is now sat at 34p to buy.