Home » Posts tagged 'burberry'
Tag Archives: burberry
UK High Street – Not In Good Health ?
Sainsbury SBRY hs been forced to cut its interim dividend by 14% to 3.1p. Despite all the hype about outperforming this and growing market share in challenging conditions etc etc, in the end it was forced to choose between sticking to its strict policy of paying an interim dividend equal to 30% of the prior full year dividend or leaving it as it was, so it chose to cut. And looking at the figures that comes as no surprise. Underlying earnings per share and profit before tax fell by 22% and 9% respectively whilst on a statutory basis profit before tax slumped from 372m to 220m and earnings per share collapsed by over 50% from 14.8 pence per share to 7.1p. The Group Chief Executive regards this as a good performance. Like for like sales for the half year to 23rd September do provide a better picture with rise of 1.6% including fuel.
Burberry Group BRBY is increasing its interim dividend by 10% after delivering a strong first half which double digit underlying profit growth of 17% after revenue growth of 4% on an underlying basis and 9% reported. It is perhaps significant that Burberry has a strong international presence which will help to protect it from the ills afflicting British retailers.
National Grid NG maintained strong momentum in the US and continued to deliver a solid performance in the UK during the half year to 30th September. Despite all round falls in profit before tax, operating profit and earnings per share, which senior executives now seem to regard as an essential before their company can be described as a success, the interim dividend is tweaked upwards by 2.1%.
Halfords HFD also felt the effects of the abandonment of High Street shopping by the great British Public with its first half to the 29th September producing all round falls in underlying profit before tax (down 9.8%), basic earnings per share (down 10.8%) and underlying EBITDA (down 3.9). all of which taken together are seen as justification for increasing the interim dividend, in this case by 3%. The outlook for the full year remains unchanged they say, provided of course Christmas shoppers will abandon that nasty habit of shopping online and leave the comfort of their homes to endure huge traffic jams and all the other horrors of reality shopping in winter Britain.Luxury villas & houses for sale in Greece http://www.hiddengreece.net
Brand CEO Alan Green talks Feedback (FDBK), Burberry (BRBY) & ASOS (ASC) on TipTV
Brand CEO Alan Green discusses Feedback (FDBK), Burberry (BRBY) & ASOS (ASC) with Zak Mir on TipTV.
Burberry Fails To Benefit From Collapse In Sterling
Burberry BRBY claims that its ambitious revenue growth plans are on track with a 4% drop in revenue for the six months to the end of September. Presumably it can find some form of logic in that but if there is it certainly seems to have escaped the CEO who produces a wordy paragraph of what read like vague and empty promises and explanations to justify the company’s performance. True, the second quarter did show some improvement with like for like sales rising by 2%, compared to the first quarters fall of 3%. Wholesale revenue for the half year fell by 14%, demand in the Americas is described as uneven and licensing revenue fell by 54% after the planned expiry of Japanese licences. Digital was one strong point and outperformed in all regions.
Burberry is just the sort of company which was supposed to reap large benefits from the collapse of sterling and is yet more proof, if proof were needed that company’s are failing miserably to take advantage of this so called golden opportunity.
Hays plc HAS shows the UK slumping whilst the rest of the world gets on with making itself prosperous.Whilst Asia Pacific grew by 30% in the quarter to the end of September and Continental Europe and the Rest Of the World by 33%, poor old UK & Ireland actually fell by 10%. As an example of how bad this is, France managed to produce 22% growth. recruitment is one of the main bel lweather of any economy. On these figures the UK’s bell is badly cracked. Hays claims it has a world class management team in the UK and it is leading the company through uncertain times.
Utilitywise UTW is increasing its dividend by 30% for the year to the end of July, after a 22% rise in revenue led an increase of 7% in profit before tax. Net debt was down by 97%. Customer numbers were up by 23% in the UK and Ireland and by 49% internationally.
Gear4Music G4M Strong first half revenue and profit growth seems set to be followed by a strong Christmas trading period and the board believes that full year results will now be ahead of its previous expectations.Revenue for the half year to the end of August rose by 73% and gross profit by by 74%. Adjusted profit before tax came in at £966,000 after last years first half loss of £217,000. Europe produced particularly strong growth, especially in July and August and now accounts for nearly 40% of sales.
Marshall Motor Holdings MMH claims it knows of no reason for recent share price movements, other than general speculation about the possible consequence of Brexit. Since the end of June the company has enjoyed material growth in revenue and profits, following two acquisitions and September produced significant like for like new vehicle sales growth, whilst after sales revenue also grew strongly.
Beachfront Property For Sale In The Greek Islands – visit; http://www.hiddengreece.net
Wetherspoon Savages Mandelson and Cameron
Wetherspoon (JD) JDR Tim Martin devotes most of todays update to a withering attack on Christine La Garde, Cameron, Carney and all the others involved in the fear and terror propaganda machine known as Remain.
First the boring bits. For the 11 weeks to 10th July Wetherspoons like for like sales rose by 4% and for the 50 weeks to 10th July they were up by 3.4%. total sales for the 50 weeks rose by 5%.
As for the company’s outlook he says; Wetherspoon trade strengthened slightly in recent weeks and we consequently anticipate a modestly improved outcome for this financial year. Caution should be exercised in extrapolating current levels of sales growth for future years.” And then comes the killer thrust.
“Unbeknown to most voters, one of the “architects” of the Remain campaign, which devised the above approach, was Peter Mandelson (“How the struggle for Europe was lost”, Peter Mandelson, Financial Times, 2 July), who worked closely with Cameron, Osborne and others.
“In my opinion, the above individuals and organisations are either dishonest, or they have a poor understanding of economics, since democracy and prosperity are closely linked and the EU is clearly undemocratic. By voting to restore democracy in the UK, I believe the UK’s economic prospects will improve, although it is quite possible that the unprecedented and irresponsible doom-mongering, outlined above, may lead to some kind of slowdown.
Barratt Developments BDEV proclaims another strong performance for the year to 30th June with profit before tax expected to show a rise of 20%, after a 5.3% rise in completions and another huge rise of 10.6% in average selling prices. Not surprisingly Barratt remains supportive of governments schemes designed to ensure that housebuilders can continue to benefit from strong demand and inflation beating price rises.
Burberry BRBY continues to suffer from falling sales even in its most important markets, as it tries, so far without much signs of success, to position itself for long term growth in the midst of a challenging external environment. In the three months to the 30th June, Asia Pacific and Hong Kong, where it once rode so high, saw a double digit % decline in like for like sales whilst Continental Europe was depressed and saw a similar fall in sales to travelling luxury customers.The UK on the other hand did deliver mid, single digit % growth. Caution is also expressed about the outlook for wholesale sales since May and expects that the 6 months to the end of September will produce a fall of 10%.
Find Villas & Houses For Sale In Greece; http://www.hiddengreece.net
Daily Actions – UK Main & AIM markets 25022016
Daily 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 | ||
| Basic Resources | From | To |
| Centamin | Neutral | Sell |
| Chaarat Gold Holdings | Buy | Neutral |
| Horizonte Minerals | Buy | Neutral |
| Jubilee Platinum | Neutral | Buy |
| Mariana Resources | Buy | Neutral |
| Regency Mines | Neutral | Buy |
| Stellar Diamonds | Buy | Neutral |
| Construction | ||
| Michelmersh Brick Holdings | Buy | Neutral |
| Mountfield Group | Buy | Neutral |
| Financial Services | ||
| Amphion Innovations | Buy | Neutral |
| FastForward Innovations | Buy | Neutral |
| Tengri Resources | Buy | Neutral |
| Manx Financial | Buy | Neutral |
| Fairpoint Group | Buy | Neutral |
| First Property Group | Buy | Neutral |
| Fletcher King | Buy | Neutral |
| Impax Asset Management Group | Buy | Neutral |
| Polar Capital Holdings | Buy | Neutral |
| Food & Beverage | ||
| Purecircle | Buy | Neutral |
| Wynnstay Group | Buy | Neutral |
| Health Care | ||
| Omega Diagnostics Group | Buy | Neutral |
| Industrial Good & Services | ||
| Cap-XX | Neutral | Buy |
| Croma Security Solution Group | Buy | Neutral |
| Hargreaves Services | Buy | Neutral |
| Nakama Group | Buy | Neutral |
| The Kellan Group | Buy | Neutral |
| Synectics | Sell | Neutral |
| Sutton Harbour Holdings | Neutral | Buy |
| Tangent Communications | Sell | Neutral |
| Oil & Gas – Explorers | ||
| Ascent Resources | Buy | Neutral |
| Independent Resources | Buy | Neutral |
| Retail | ||
| Stanley Gibbons Group | Buy | Neutral |
| Technology | ||
| Simigon | Buy | Neutral |
| Travel & Leisure | ||
| Minoan Group | Buy | Neutral |
| Utilities | ||
| OPG Power Ventures | Buy | Neutral |
Main Market
| ST Rec. changed | ||
| From | To | |
| Aerospace & Defence | ||
| Smiths Group | Neutral | Buy |
| House Construction | ||
| Persimmon | Neutral | Sell |
| Engineering & Machinery | ||
| Halma | Neutral | Sell |
| Weir Group | Buy | Neutral |
| Food Producers & Processors | ||
| Associated British Foods | Neutral | Sell |
| General Retail | ||
| Burberry Group | Neutral | Buy |
| Darty | Sell | Neutral |
| Leisure & Hotels | ||
| Mitchells & Butlers | Buy | Neutral |
| Media & Entertainment | ||
| Pearson | Neutral | Buy |
| Photo-Me International | Sell | Neutral |
| St. Ives | Neutral | Sell |
| Personal Care & Household Products | ||
| McBride | Neutral | Sell |
| Pharmaceuticals & Biotechnology | ||
| BTG | Buy | Neutral |
| Real Estate – REIS | ||
| CLS Holdings | Buy | Neutral |
| Support Services | ||
| Aggreko | Neutral | Buy |
| Bunzl | Neutral | Sell |
| Dignity | Neutral | Sell |
| G4S | Buy | Neutral |
| RPS Group | Buy | Neutral |
| Telecommunication Services | ||
| Cable & Wireless Communications | Sell | Neutral |
RISK WARNING
Intellisys Intelligent Analysis Limited (‘Intellisys’) does not make personal recommendations. The information in this publication is provided solely to enable you to make your own investment decisions. If you are unsure about dealing in shares and other equity investments, you must contact your financial adviser as these types of investments may not be suitable for everyone. The value of stocks and shares, and the income from them, can fall as well as rise and you may not get back the full amount you originally invested. If denominated in a foreign currency, fluctuations in the exchange rate will also affect the value of stocks and shares and the income from them. Past performance is not necessarily a guide to future performance. You agree to abide fully with Intellisys’ Term & Conditions, which are available to www.intellisys.uk.com
The full reports are available from Intellisys Intelligent Analysis website (www.intellisys.uk.com) by clicking on the ‘Research’ tab.
| DISCLAIMER: Intellisys Intelligent Analysis Limited has prepared this report. Intellisys (“Intellisys”) is the trading name of Intellisys Intelligent Analysis Limited. Intellisys Intelligent Analysis Limited is a provider of financial research reports that indicate the possible value of quoted company shares. The information contained within any and all of Intellisys’ reports are designed to present an objective assessment of the possible value or relative value of a company and/or an actuarial sector or stock market index. Intellisys utilises as extensive as possible range of valuation tools and proprietary systems to derive its outputs. The base data for the models are derived from sources believed to be accurate but Intellisys Intelligent Analysis Limited does not warrant or guarantee the accuracy or reliability of the source data or its models and proprietary systems. Subscribers, and casual readers, should not rely upon the Intellisys’ research outputs when forming specific investment decisions but should seek advice specific to their situation and investment requirements from a person authorised under the Financial Services and Markets Act 2000, before entering into any investment agreement.Intellisys Intelligent Analysis Limited has used reasonable care and skill in compiling the content of this report. No representation or warranty, expressed or implied, is given by any person as to the accuracy or completeness or accuracy of the information and no responsibility or liability is accepted to the accuracy or sufficiency of any of the information, for any errors, omissions or misstatements, negligent or otherwise. In no event will Intellisys Intelligent Analysis Limited, Intellisys or any of its officers, employees or agents be liable to any other party for any direct, indirect, special or other consequential damages arising from the use of this report.The Intellisys Intelligent Analysis Limited and/or Intellisys reports are not directed to any person in any jurisdiction where (by reason of that person’s nationality, residence or otherwise) the publication or availability of the Intellisys Intelligent Analysis Limited and/or Intellisys information may be prohibited. Persons in respect of whom such prohibitions apply must not access the Intellisys Intelligent Analysis Limited and/or Intellisys reports. Neither this document, nor any copy in whatever form of media, may be taken or transmitted into the United States, Canada, Australia, Ireland, South Africa or Japan or into any jurisdiction where it would be unlawful to do so. Any failure to comply with this restriction may constitute a violation of relevant local securities laws. Recipients of Intellisys Intelligent Analysis Limited and/or Intellisys reports outside the UK are not covered by the rules and regulations made for the protection of investors in the UK.Any user distributing information taken from any Intellisys Intelligent Analysis Limited or Intellisys report and/or the Intellisys website, in whatever form, to any other person, agrees to attach a copy of this Disclaimer and the Terms and Conditions of Use pages and obtain the agreement of such other person to comply with the terms set forth.
Intellisys’ published reports are published for information purposes and only available to market counterparties, high net-worth and sophisticated individual investors. No Intellisys report constitutes an offer or invitation to trade, sell, purchase or acquire any shares or other financial instruments in any company or any interest therein, nor shall it form the basis of any contract entered into for the sale of shares or any other financial instrument in any company. Intellisys Intelligent Analysis Limited believes that the information within each and any of its reports to be correct, but its accuracy or completeness cannot be guaranteed. No representation or warranty, expressed or implied, is given by any person as to the accuracy or completeness of the information and no responsibility or liability is accepted for the accuracy or sufficiency of any of the information, for any errors, omissions or mis-statements, negligent or otherwise. Intellisys Intelligent Analysis Limited (including its Directors, employees and representatives) or a connected person may have positions in or options or other financial instruments on any of the securities mentioned within a report, and may buy, sell or offer to purchase or sell such securities from time to time, subject to restrictions imposed by internal rules. Subscribers, and casual reader, are reminded that the value of any financial instrument may go up or down and that past performance is not necessarily a guide to future performance. Intellisys Intelligent Analysis Limited is not registered with or regulated by any financial regulatory authority and does not offer, provide or purport to provide or offer investment advice. Intellisys Intelligent Analysis Limited can be contacted at Woodfield Cottage, The Street, Mortimer, Berkshire, United Kingdom RG7 3DW. |
Daily Actions – UK Main & AIM markets 12022016
Daily 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 |
RISK WARNING
Intellisys Intelligent Analysis Limited (‘Intellisys’) does not make personal recommendations. The information in this publication is provided solely to enable you to make your own investment decisions. If you are unsure about dealing in shares and other equity investments, you must contact your financial adviser as these types of investments may not be suitable for everyone. The value of stocks and shares, and the income from them, can fall as well as rise and you may not get back the full amount you originally invested. If denominated in a foreign currency, fluctuations in the exchange rate will also affect the value of stocks and shares and the income from them. Past performance is not necessarily a guide to future performance. You agree to abide fully with Intellisys’ Term & Conditions, which are available to www.intellisys.uk.com
The full reports are available from Intellisys Intelligent Analysis website (www.intellisys.uk.com) by clicking on the ‘Research’ tab.
| DISCLAIMER: Intellisys Intelligent Analysis Limited has prepared this report. Intellisys (“Intellisys”) is the trading name of Intellisys Intelligent Analysis Limited. Intellisys Intelligent Analysis Limited is a provider of financial research reports that indicate the possible value of quoted company shares. The information contained within any and all of Intellisys’ reports are designed to present an objective assessment of the possible value or relative value of a company and/or an actuarial sector or stock market index. Intellisys utilises as extensive as possible range of valuation tools and proprietary systems to derive its outputs. The base data for the models are derived from sources believed to be accurate but Intellisys Intelligent Analysis Limited does not warrant or guarantee the accuracy or reliability of the source data or its models and proprietary systems. Subscribers, and casual readers, should not rely upon the Intellisys’ research outputs when forming specific investment decisions but should seek advice specific to their situation and investment requirements from a person authorised under the Financial Services and Markets Act 2000, before entering into any investment agreement.Intellisys Intelligent Analysis Limited has used reasonable care and skill in compiling the content of this report. No representation or warranty, expressed or implied, is given by any person as to the accuracy or completeness or accuracy of the information and no responsibility or liability is accepted to the accuracy or sufficiency of any of the information, for any errors, omissions or misstatements, negligent or otherwise. In no event will Intellisys Intelligent Analysis Limited, Intellisys or any of its officers, employees or agents be liable to any other party for any direct, indirect, special or other consequential damages arising from the use of this report.
The Intellisys Intelligent Analysis Limited and/or Intellisys reports are not directed to any person in any jurisdiction where (by reason of that person’s nationality, residence or otherwise) the publication or availability of the Intellisys Intelligent Analysis Limited and/or Intellisys information may be prohibited. Persons in respect of whom such prohibitions apply must not access the Intellisys Intelligent Analysis Limited and/or Intellisys reports. Neither this document, nor any copy in whatever form of media, may be taken or transmitted into the United States, Canada, Australia, Ireland, South Africa or Japan or into any jurisdiction where it would be unlawful to do so. Any failure to comply with this restriction may constitute a violation of relevant local securities laws. Recipients of Intellisys Intelligent Analysis Limited and/or Intellisys reports outside the UK are not covered by the rules and regulations made for the protection of investors in the UK. Any user distributing information taken from any Intellisys Intelligent Analysis Limited or Intellisys report and/or the Intellisys website, in whatever form, to any other person, agrees to attach a copy of this Disclaimer and the Terms and Conditions of Use pages and obtain the agreement of such other person to comply with the terms set forth. Intellisys’ published reports are published for information purposes and only available to market counterparties, high net-worth and sophisticated individual investors. No Intellisys report constitutes an offer or invitation to trade, sell, purchase or acquire any shares or other financial instruments in any company or any interest therein, nor shall it form the basis of any contract entered into for the sale of shares or any other financial instrument in any company. Intellisys Intelligent Analysis Limited believes that the information within each and any of its reports to be correct, but its accuracy or completeness cannot be guaranteed. No representation or warranty, expressed or implied, is given by any person as to the accuracy or completeness of the information and no responsibility or liability is accepted for the accuracy or sufficiency of any of the information, for any errors, omissions or mis-statements, negligent or otherwise. Intellisys Intelligent Analysis Limited (including its Directors, employees and representatives) or a connected person may have positions in or options or other financial instruments on any of the securities mentioned within a report, and may buy, sell or offer to purchase or sell such securities from time to time, subject to restrictions imposed by internal rules. Subscribers, and casual reader, are reminded that the value of any financial instrument may go up or down and that past performance is not necessarily a guide to future performance. Intellisys Intelligent Analysis Limited is not registered with or regulated by any financial regulatory authority and does not offer, provide or purport to provide or offer investment advice. Intellisys Intelligent Analysis Limited can be contacted at Woodfield Cottage, The Street, Mortimer, Berkshire, United Kingdom RG7 3DW. |