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Ian Pollard – Lighthouse #LGT Full Year Divi Up By 67%

Lighthouse Group plc LGT claims an excellent set of results for 2018 despite softening market conditions in the second half of the year. With an Interim dividend of 0.20p. per share already paid, a final dividend of 0.50p. per share is now proposed compared to 30p per share in 2017, making a 67% increase for the full year. Further growth is expected for 2019 notwithstanding current market uncertainty.

Travis Perkins plc TPK saw like for like revenue growth of 4.9% in the year to the 31st December, after a strong second half. in which adjusted operating profit, excluding property profits, grew by 10.7%. helped by successful cost reductions. Despite that, adjusted operating profit for the year as a whole fell by 1.3% and the rise in the yearly dividend was limited to 2.2%. Uncertain market conditions are expected to continue in the near future and adjusted operating profit for 2019 is expected to be similar to 2018 at 375m.

Meggitt PLC MGGT Organic revenue growth of 9% reflected a strong performance in growing end-markets for 2018, with 7% growth in civil aerospace, 10% in defence and 19% in energy. On an organic order basis growth came in at 12%. Recommended final dividend of 11.35p gives a full year increase of 5%. The Chief Executive regards it as a landmark year and further good progress is expected for 2019.

Augean PLC AUG is currently experiencing strong initial trading for the start of 2019 after a pleasing 2018 in which adjusted profit before tax increased by 69% and basic earnings per share by 56%. Cost savings exceeded their target. Trading in the first months of 2019 is well ahead of last year. Further growth is targeted in the core key markets of Energy from Waste and North Sea Decommissioning.

Hotel Chocolat Group HOTC Enjoyed strong sales growth across retail, digital & wholesale channels in the six months to the end of December. Revenue rose by 13% and both reported profit before tax and profit after tax rose by 7%. The interim dividend remains unchanged at 6p per share.Christmas was again successful, with the launch of the new Velvetiser Hot Chocolate maker which exceeded initial expectations six-fold.

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Daily Actions – UK Main & AIM markets 12022016

IntellisysLogoDaily Actions is a daily summary analysis of changes in short term actions from our Daily Recs – AIM and Daily Recs Main markets reports. This report is typically distributed before the open of trading in London.

AIM Market

ST Rec. changed
From To
Basic Resources    
Altona Energy Neutral Buy
Amur Minerals Corporation Neutral Buy
Aurum Mining Buy Neutral
Centamin Neutral Sell
Asa Resource Group Buy Neutral
Pan African Resources Neutral Sell
Zincox Resources Neutral Buy
Financial Services    
Amphion Innovations Neutral Buy
Health Care    
Eco Animal Health Group Neutral Sell
ValiRx Neutral Buy
Industrial Good & Services    
Augean Neutral Buy
21st Century Technology Neutral Sell
Oil & Gas – Explorers    
Ascent Resources Strong Buy Buy
Oil & Gas – Producers    
Gulf Keystone Petroleum Neutral Buy
PetroCeltic International Buy Neutral
Technology    
Concurrent Technologies Neutral Sell
DDD Group Buy Neutral
IQE Buy Neutral
K3 Business Technology Group Neutral Sell
SciSys Neutral Sell
Travel & Leisure    
Best of the Best Neutral Sell
PPHE Hotel Group Neutral Sell

 

 


 

Main Market

ST Rec. changed
From To
Banks    
Barclays Neutral Buy
HSBC Neutral Buy
Standard Chartered Neutral Buy
Beverages    
SAB Miller Neutral Sell
Engineering & Machinery    
Castings Neutral Sell
General Retail    
Burberry Group Neutral Buy
Leisure & Hotels    
Enterprise Inns Buy Neutral
Media & Entertainment    
Pearson Neutral Buy
St. Ives Neutral Sell
Personal Care & Household Products    
PZ Cussons Buy Neutral
Real Estate – REIT    
Town Centre Securities Neutral Sell
Real Estate – REIS    
J Smart Neutral Sell
St. Modwen Properties Neutral Buy
Speciality & Other Finance    
Aberdeen Asset Management Neutral Buy
Support Services    
Michael Page International Buy Neutral
Transport    
James Fisher & Sons Neutral Buy

 

 

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