Britvic (BVIC); preliminary results: reports revenue increase of 5.1%
The largest region, GB, grew carbonates revenue by 10%
Britvic has met consensus expectations with EBIT of £206m (+5.4%) against average consensus of £203m and EPS of 56.3p (+6.4%) against consensus of 53.8p. Management claims but also deserves credit for navigating headwinds from the sugar levy, the shortage of carbon dioxide in GB and Ireland, and the impact of business failures in the customer base. The results therefore do demonstrate the resilience of the business, the strength of the portfolio, and its strong business relationships.
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SCISYS Group (SSY); completion of reorganisation and first day of dealings
Stock flat at 151.50p at 08:33
SCISYS Group announced that the reorganisation to establish New SCISYS as the holding company of the SCISYS Group, first announced by the board of directors of SCISYS PLC on 17 October, is now complete. 29,584,660 ordinary shares of 25p each in the capital of New SCISYS were admitted to trading on AIM and ESM at 8.00 a.m. today under the tickers SSY and SCC, respectively. SCISYS Group PLC is now the holding company of the SCISYS Group.
Read more...Greene King (GNK); continues to make progress on its debt which remains obstinately high
Net debt was £2,017.9m, a reduction of £14.4m from the previous year
Greene King has turned in a robust performance, as was only to be expected after a stonking summer for drink led pubs and beer breweries. Pre-tax profit of £128.2m (+0.2%) for this 24-week period is close to what was expected following the 18-week trading statement and guidance for the year, which is not changing. Net exceptionals were small.
Read more...The European Investment Trust (EUT); posts NAV total return of -2.1% in FY18
Financial results for the year ended 30 September 2018
For the year ended 30 September 2018, EUT reported NAV total return of -2.1% compared to a total return of 2.4% for the FTSE All-World Europe ex UK Index, adjusted to sterling. Share price discount to NAV narrowed from 12.3% to 9.6%, and share price total return was 1.2%.
Read more...Premier Asset Management Group (PAM); reports PBT up 38.3% at £15.9m
Strong results for the year ended 30 September 2018
Premier reported strong results for the year with a 28.6% increase in adjusted PBT at £18.9m and a 27.3% increase in adjusted EBITDA at £19.1m. Basic EPS was up 41.7% at 12.09p while total dividend increased 28% to 10.25p. AUM stood at £6.9bn compared to £6.1bn last year and was reported at £6.6bn at close of business on 23 November 2018.
Read more...Has the dark art of dark arts enhanced upside at Sao Chico?
An extensive geochemical sampling project is planned for 2019
Serabi Gold (SRB.L) announced this morning the results of its extended Induced Polarization (IP) Survey at its Sao Chico Gold Project, located in Brazil. Geophysics is often known as the dark art of dark arts in the exploration business because its results can sometimes be misleading.
Read more...PJSC Transcontainer (TRCN); Q3 2018 results: adjusted revenue grew 12.5% year-on-year
EBIDTA increased from RUB 3,744m in Q3 2017 to RUB 5,322m
With Russia’s container market demonstrating a strong growth of 16.4% year-on-year in Q3 2018, PJSC’s transportation volumes increased by 6.8% year-on-year to 401,000 TEU in Q3.
Read more...Findel (FDL); education supplies business responding to turnaround
Core net debt was down £9.1m year-on-year to £80.9m close to its seasonal peak
Findel’s smaller educational supplies business Findel Education is responding to turnaround measures. A critical improvement has been achieved, with the customer base growing 5% in the 12 months to September. In the same period online orders have risen from 20% to 55%. On lower pricing, operating profit is down from £3.3m to £2.2m, but management expects this to narrow by year-end and is confident the strategy will improve prospects for the business over the next 2-3 years.
Read more...Telford Homes (TEF); total PBT grew 16.1% to £10.1m in H1 19
Pleasing progress in H119 despite an increasingly uncertain economic and political backdrop.
Telford Homes (TEF) announced its interim results for the six months ended 30 September 2018. Total revenue in H119 increased 31% to £129.6m from £99.3m in H118. The adjusted operating margin for this period was 9.8% down from 11.5% in the same period last year. Board declared a 6.3% increase in the interim dividend to 8.5p.
Read more...Pets at Home (PETS.L); reports weak first half
Profit guidance of £80-85m is consistent with market consensus expectations of £84.6m
Pets at Home has reported a weaker first half with PBT down 9.3% at £37.9m. The dividend has been held at 2.5p. Underlying free cash flow is up 17.7% at £27.3m, and net debt is down year-on-year at £134.8m.
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