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UK Investor Magazine podcast – Taylor Wimpey, China and UK Banks with Alan Green
Alan Green joins the UK Investor Magazine for a broad discussion of UK Banks, China and results from Taylor Wimpey.
We discuss Natwest #NWG, LLoyds #LLOY, Taylor Wimpey #TW. and Mode #MODE.
Natwest and Lloyds reported after we looked at Barclays results on last week’s podcast and where largely similar in terms of earnings growth driven by a reversal of COVID provisions that ravaged profit last year.
Taylor Wimpey released bumper half year results which demonstrated the robustness of the UK housing market and we look at what investors can expect going forward.
We also pay attention to China and how relevant their growth story is as we emerge from the pandemic.
UK Investor Magazine podcast – Barclays, US Tech Stocks and Junior Miners with Alan Green
Alan Green joins the UK Investor Magazine Podcast for our latest instalment of UK equities and global markets. We discuss Barclays (LON:BARC), Power Metal Resources (LON:POW) and Tertiary Minerals (LON:TYM)
We start with looking at US Tech stocks in Apple and Alphabet and go through the numbers from their bumper quarterly updates. Both produced revenue figures that surpassed analyst estimates in a strong quarter for two of the world’s largest technology companies.
Given the strong results from Apple and Alphabet, we explore whether we may be reaching the top of the earnings cycle as we come out of the pandemic and if a period of weaker growth could cause waves in equities.
Barclays (LON:BARC) also reported a huge jump in profits as they released half year profits that rose to £5bn helped by the reversal of COVID provisions and strong investment banking activity. Barclays also increased their dividend and we look forward to what investors could expect from Barclays and other UK banks in terms of payouts in the future.
We also explore Power Metal Resources (LON:POW) and Tertiary Minerals (LON:TYM).
Alan Green discusses inflation, Barclays #BARC, Lloyds #LLOY & Open Orphan #ORPH on the UK Investor Magazine podcast
Alan Green joins the UK Investor Magazine Podcast to discuss Barclays (LON:BARC), Lloyds (LON:LLOY) and Open Orphan (LON:ORPH).
UK inflation rose to 2.5% in June up from 2.1% in May. Fuel prices were a large component of the rises as oil prices increased having cratered last year.
The FTSE 100 slipped in the wake of the announcement as sterling surged to highs of 1.3800 against the dollar.
Those companies operating in the consumer space were some of the bigger fallers whilst those that typically benefit from higher inflation and rates were among the top risers.
Alan Green on why you should still hold Shell #RDSB, plus Capita #CPI & Braveheart #BRH on UK Investor Mag podcast
Alan Green and Jonathan Roy discuss why you should still hold Shell #RDSB, plus Alan discusses Capita #CPI & Braveheart #BRH on the UK Investor Mag podcast.
Alan Green talks Barclays #BARC, BP #BP, Tiziana Life Sciences #TILS & Versarien #VRS on UK Investor Magazine podcast
Alan Green discusses Barclays #BARC, BP #BP, Tiziana Life Sciences #TILS & Versarien #VRS with Jonathan Roy on the UK Investor Magazine podcast.
Alan Green talks market crash, Oil, Banks, Insurers and Coronavirus on the UK Investor Magazine podcast
Alan Green talks market crash, Oil, Banks, Insurers and Coronavirus with Jonathan Roy on the UK Investor Magazine podcast. Stocks covered include Shell #RDSB, #Aviva #AV, Legal & General #LGEN, Novacyt #NCYT, Tiziana Life #TILS and others.
Ian Pollard: Barclays Grovels Again
Barclays Bank PLC BARC yet another British Bank bites the dust and grovels before the US department of Justice as it is forced to agree to a huge settlement to try and escape the consequences of its past dishonesty. The bank claims a strong financial third quarter performance and earnings per share over the first nine months came in at 21.6p.excluding litigation and conduct charges. Group expenses fell by 3% and profit before tax rose by 23% to £5.3bn.excluding litigation and conduct charges. Including those thumping costs and charges of £2.4bn., third quarter profit before tax was down on Q3 2017 when they only amounted to £0.8m. The group intends to pay a dividend of 6.5p per share for 2018.One could be left with the impression that huge settlements for past dishonesty are regarded as one of the acceptable risks of life in British Banking.
Fresnillo plc FRES After a strong third quarter, gold production continues to beat expectations and guidance is once again being revised upwards. Year to date silver production increased 8.5% compared to 2017 but.third quarter silver production was not as high as anticipated. Guidance for total silver production for the full year has been revised downwards to 62.0 – 64.5 moz as against previous guidance of 64.5 – 67.5 moz.
Metro Bank plc MTRO set out with the intention of bringing a breath of fresh air into British banking and that it has certainly done. Having started life with one branch n 2010 it has now opened its 60th and added 303,000 new customers so far this year, taking the total to 1.5m.The first nine months of the current year produced a strong performance, with profit tripling to £39.2m and underlying basic earnings per share soaring by 179%. It was duly rewarded for its efforts and came second for overall service quality in both personal and business banking in a CMA survey, And it was not asked to pay even a penny to the US Department of Justice.
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Ian Pollard – SFO Having Another Bash At Barclays
Barclays BARC has now been charged by the Serious Fraud Office with an additional charge to that which was brought against it in June 2017 but this time relating to the loan itself rather than simply an allegation of providing unlawful financial assistance in 2008. It will be interesting to see who comes out of it worst, Barclays or the SFO whose reputation for competent and skilful prosecuting is hardly of the highest.
Lok’ n Store Group LOK enjoyed strong trading during the first half year to the 31st January. January produced the highest ever levelof new monthly storage sales. First half like for like revenue rose by 6.9%, self storage occupancy as at 31st January was up by 6% and price per sq. foot let was up by 0.4% compared to year ago. Trading at the new stores which have been opened is claimed to have been excellent.
Sosander SOS delivered a strong performance in December and January with net revenue having exceeded management expectations. Over Xmas and the New Year there were multiple sell outs on a number of products, generating large waiting lists which have been satisfied by repeat orders.
Proteome Sciences PRM Unaudited revenues for the year to the 31st December rose by 18%, whilst at the same time, costs fell by 5% and the order book strengthened. Re organisation in the first half led to a stronger performance in the fourth quarter with robust and increasing demand. Despite that progress has been lower than management would have wished for and the company is still loss making although the loss is expected to hve been reduced from £ 2.9m to £ 2.1m.
Proxama PROX delivered a 75% rise in revenue during the year to the 31st December, accompanied by a significant reduction in costs led by a large fall from 60 to 23 in the number of employees. The directors expect to see a fall of at least 50% in costs for the full year. A new management team was appointed during the year giving the company a lean expert team with the right skills and the lowest ever cost base.
Proactis Holdings PHD expects to report a 123% rise in revenue for the six months to the 31st Januay and a rise of 183% in adjusted EBITDA. This surge follows the acquisition at the beginning of August of Perfect Commerce LLC which contributed 50% of the total revenue for the half year. The company is also on target to produce the £5m. of synergies expected for the full year.
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Barclays Third Quarter Nightmare
Barclays plc BARC suffered a nightmarish third quarter but claims it was part of an industry wide trend. It has had to admit that it is not delivering the economic performance of which it is capable but claims it has the confidence to assert that it will start to do so in 1919 -20. As for the quarter to the 30th September it produced a 19% rise in profit before tax driven by a £932m. reduction in costs but the good news ends there. After producing basic earnings per share of 9.6p in the third quarter of 2016 it managed to turn that into a basic loss of 3p per share this year. Group attributable profit for the third quarter of 2016 was a healthy £1,524m. This year it plunged to a loss of £628m.
And as for what it claims are industry wide trends, it is noticeable that only yesterday, Lloyds seemed not only to have escaped them, it did not even give them a mention in its 3rd quarter report.
National Express NEX continued to deliver strong growth in the quarter to the end of September, especially in the international division. Group revenue rose by 6.4% (4.8% at constant currency rates). North America accelerated growth rates to 13.7% and in September there was a particularly strong performance from UK Bus and Coach. German Rail passenger numbers grew by only 1% but the revenue they produced rose by 20.7% at constant currency rates.
Bodycote BOY Group revenue rose by 16.8% or 12.9% on a constant currency basis for the quarter ending on the 30th September. Organic growth was 9.1% on the same basis. The car and light truck market continued to grow and was particularly strong in Western Europe and emerging markets, with western Europe leading the way in industrial growth.
Hydrodec HYR claims it is making further strong progress with strong demand ensuing as the quality of its products becomes recognised. Third quarter group EBITDA was positive and the expectations are that this year, for the first time in its history, it will deliver positive EBITDA for the full year.
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