Royal Bank of Scotland (RBS); announced Friday plans to pay shareholders a special dividend of 7.5p
The bank said costs had been reduced by £278m, thanks to an increase in digitization
Royal Bank of Scotland announced Friday plans to pay shareholders a special dividend of 7.5p per share. At the same time, the lender reported a 50% increase in pretax operating profit for the full year to £3.4bn and a final ordinary dividend of 3.5p a share.
Read more...Segro (SGRO); looking to raise about £450m through an equity placing
Segro posted a 24.4% increase in adjusted pretax profit
Property company Segro is looking to raise about £450m through an equity placing to fund new developments. The company is planning to issue new ordinary shares at 10p apiece. Chief Executive Officer David Sleath said Segro is on course to invest over £600m in development projects and land purchases this year.
Read more...Brunner Investment Trust (BUT); declares final results for year ended 30 November 2018
EPS up by 7.1%, from 18.4p to 19.7p, for the year
Brunner Investment Trust declared its final results for the year ended 30 November 2018. The company proposed a fourth and final dividend of 6.00p per share, which will be paid on 5 April 2019 to its shareholders. NAV per ordinary share was up 2.7%.
Read more...PowerHouse Energy Group (PHE); reports ongoing commercialisation of DMG® process
The company expects a formal contract with at least one customer in the subsequent quarter.
Level of interest in PowerHouse proprietary DMG® process from potential customers, development partners and engineering, procurement and construction (EPC) contractors improved significantly in the previous quarter. The company is progressing several potential deals in parallel and receiving strong interest from over 12 site owners to establish DMG® units, once the first unit has proven itself.
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Market outlook: balanced but still biased to upside
Impact of lower rates, China tax cuts and political progress likely to be evident by mid-2019
Weak incoming data, both in respect of profits forecasts and the global economy is in sharp contrast to the strong performance of risk assets such as equities and corporate credit during 2019. Conflicting narratives can certainly create angst but in this case reflect investors’ belief that central banks have acknowledged the slowing global economy. We would concur that easier financial conditions means relief from negative economic surprises may be in sight by mid-year. Despite having risen sharply in the first few weeks of the year, on balance we believe global equities now have the prospect of volatile but still upward progress, as political events unfold.
Read more...Standard Life Private Equity Trust (SLPE); estimated NAV at 411.2p per share for 31 January 2019
The estimated NAV at 31 January 2019 represents a decrease of 3.9% per share against the previous month
Standard Life has announced its estimated NAV at 411.2p per share for 31 January 2019 (31 December 2018: 427.9p per share). In January, the company received £4.1m of distributions and paid £2.7m of drawdowns. Outstanding commitments stood at £375.3m as of 31 January 2019.
Read more...WANdisco (WAND); receives Advanced Technology Partner status with Amazon Web Services
The company had a strong end to the year, winning contracts across its end markets and partners
WANdisco has received the Advanced Technology Partner status with Amazon Web Services in the AWS Partner Network (APN). This designation is the highest tier for technology partners.
Read more...Cohort (CHRT); MASS signs an eight-year contract worth £50m
The contract is anticipated to run from April 2019 until March 2027
MASS Consultants, a subsidiary of Cohort, has signed an eight-year contract worth £50m to provide in-service support for the UK Ministry of Defence.
Read more...Dunelm (DNLM); first half underlying like-for-like sales increased by 6.9%,
Gross margin was up by a planned 170bp
Dunelm’s focus on the core business and its multi-channel proposition is paying off. First half underlying like-for-like sales increased by 6.9%, driven by an impressive performance across the stores (+3.8%) and online (+35.8%).
Read more...Pan African Resources (PAF); H1 2019 EPS from combined operations expected to be higher
Expected HEPS range is 0.38p to 0.40p per share
For the six-month reporting period ended 31 December 2018, EPS from the group’s combined operations, in GBP terms, is expected to be in the range of 0.38p to 0.40p per share against 0.18p for the corresponding period last year.
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