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Powerhouse Energy #PHE CEO Keith Allaun & Director David Ryan discuss progress with Justin Waite on the Vox Markets Podcast
Keith Allaun, CEO and David Ryan, Technical Director of Powerhouse Energy #PHE discuss progress at the company and why David purchased £30,000 of shares at a 40% premium to the current price…plus Alan Green CEO of Brand Communications discusses Catenae Innovation (CTEA) Crawshaw Group (CRAW) Gordon Dadds Group (GOR) Predator Oil & gas (PRD)
Ian Pollard – Character Group #CCT – “Great Strength” – Trading Falls; Divi Rises
Charac
ter Group plc CCT Claims that despite substantial all round declines it continued to trade well as far as its leading in house ranges were concerned and the addition of exciting new ranges. These figures it adds, show great strength and depth, such as revenue dropping from £61.5m. to £50.5m., basic earnings per share down from 27.3p to 16.9p unless you include significant items where the drop was even greater, down from 25.18p to 2.07p. EBITDA collapsed to £2.07m. from from £7.9m. Then it admits what already stands out a mile, namely that trading was lower than in the previous year but unbelievably, showed great strength and depth. In fact, such great strength and depth that the board decided it needed to keep the shareholders onside and did so by upping the interim dividend from 9p to 11p per share. Blame is then laid fairly and squarely not on management but on what it describes as unspecified sector disruption and upheaval.
boohoo.com BOO 2018 was a year of great progress with revenue for the year to 28th February rising by 97% and profit before tax by 40%. Strong gains were made across all “geographies” with the UK showing a 95% rise and international, 99%. The number of active customers during the year rose by 22%. A strong start has been made to trading in the first few week of the new financial year and trading for 2019 is now expected to show a 35-40% rise.
Crawshaw Group CRAW blames everything and everybody except management and the board for its disappointing performance in the year to the 28th January. It managed to transform a statutory loss before tax of £1.4m int a much greater loss of £13.5m, after a rise of 1% in revenue. And believe it or not this is all due to the high street performance being impacted by so called “consumer headwinds” ( oh, not again) and inflationary pressures. And that is not the end of the sad story. Trading in the first 12 weeks of the new financial year has been challenging, in particular. poor weather and continued high street pressures. So there you have it, a list of excuses which is weaker than the trading performance. And this is the company which is focused on becoming Britain;’ leading value butcher. Not surprisingly it is seeking to appoint a new management team. Any takers?
Water Intelligence WATR Strong first quarter growth saw sales rise by 40% and profit before tax by 50%. Parts and equipment sales rose by some 20%. The Executive Chairman claims that the company is just at the beginning of its upward journey and that increasing sales have provided a good start to the year.
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Brand CEO Alan Green discusses Crawshaw (CRAW), Cerillion (CER) & I3 Energy (I3E) on VOX Markets podcast
Brand CEO Alan Green discusses Crawshaw (CRAW), Cerillion (CER) & I3 Energy (I3E) with Justin Waite on the VOX Markets podcast. The interview starts at 23 minutes 39 seconds in.
Crawshaw Cancels Dividend After Customers Desert
Crawshaw CRAW having been forced to cancel its final dividend has had the audacity to claim that the year to the 29th January was a year of strategic progress. The only progress, strategic or otherwise, was that management at last woke up to the fact that it had ceased to “resonate” with customers who had been departing in ever increasing numbers.
Like for like sales fell by 7.3% during the year, the underlying operating loss quadrupled to £1.1m. and the statutory loss rose five fold to £1.4m. Customer numbers are still falling sharply, with the first ten weeks of the current year producing a decline of 4.5%, which Crawshaw describes as a “bounce back”. At least it is an improvement on the third and fourth quarter losses of 13% and 7.4% but no way, outside cloud cuckoo land, can a decline be described as a bounce back .
One can only wonder for how much longer shareholders will continue to “resonate” with management and the board. Let us hope that new board advisor Ranjit Boparan and his £5.1m investment for a 29.9% stake (and warrants to acquire a further 20.1%) turns the company around.
Croda International CRDA saw the improving sales trend seen in the final quarter of 2016, continuing through the first quarter of 2017 to the end of March. constant currency sales rose by 4.9% with strong organic growth. Asia led the way geographically with a rise of 11%, whilst Performance technologies started the year with an exceptional; performance as sales grew by 11.4%.
GKN plc GKN updates that it has delivered good organic sales growth since the 1st January, with aerospace lower than expected and the automotive market better than expected.However the first quarters growth rate may not be continued throughout the rest of the year.
CRH plc CRH Like for like group sales during the quarter to the 1st April grew by 3%, europe leading the way with a rise of 6% and Asia falling behind due to price competition in the Philippines which is expect to continue in the second half of the year.
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Brand CEO Alan Green talks Cadence Minerals (KDNC), Crawshaw Group (CRAW) & Acacia Mining (ACA) on Vox Markets podcast
Brand CEO Alan Green discusses Cadence Minerals (KDNC), Crawshaw Group (CRAW) & Acacia Mining (ACA) with Justin Waite on the Vox Markets podcast. The interview is 38 minutes in.
Brand CEO Alan Green talks markets, Taptica (TAP) & Crawshaw (CRAW) on TipTV
Brand CEO Alan Green talks markets, Taptica (TAP) & Crawshaw (CRAW) with Zak Mir on the TipTV London Show.
Brand CEO Alan Green talks TYM, IMCP, TAP and CRAW on the VOX Markets podcast
Brand CEO Alan Green talks Tertiary Minerals (TYM), IMC Exploration (IMCP), Taptica (TAP) and Crawshaw (CRAW) with Justin Waite on the VOX Markets podcast. The interview is 52 minutes 30 seconds in.
Fenner In Recovery Mode
Fenner FENR now expects results for the current year will be comfortably ahead of previous expectations as a result of gains in market share and refocusing of the businesses. These factors have helped to create an improving trend in order intake and a stronger market position in the US. Australia is doing well and results are ahead of last year.
Crawshaw Group CRAW With like for like sales down by 3.8% for the 5 weeks from 29th November to 31st December and like for like customer numbers down by 4.2%, Crawshaw claims that it has continued to build on previous progress, presumably wishing to rely for justification of its claim that total sales and customer numbers for the same period both rose by 13%. At least the figures for the 5 week Christmas period showed an improvement on the previous 4 weeks like for like figures when sales had slumped by 8.1% and customer numbers by 9.7%.
Gear4music G4M enjoyed a strong sales performance in the last 4 months of the year and full year profits are now expected to be ahead of the increase indicated at the half year stage. UK sales rose by 29%, Europe and the rest of the world by by 129% and total sales by 55%. For the year to date growth has totaled 63%.
easyJet EZJ With December traffic figures up by 15.1% easyJet is not allowing itself to be left behind by Ryanair. The rise in load factor at 3.3% was also similar to that of its competitor, although over the rolling 12 month period, load factor did slip slightly by 0.1pp
Sky plc SKY Broker Investec has upgraded its investment rating on Sky plc SKY from reduce to hold and has raised its price target from 800p to 1075p.
Next NXT has suffered from yesterdays results with Citigroup cutting its price target from 4,800p to 4,100p
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Morrisons Surprises Yet Again
Morrisons W MRW has never lost our Ken’s ability to spring surprises and the new management team is doing just that with a 5.3% rise in the interim dividend and underlying profit before tax for the half year to 31st July up by 11%. Whilst total turnover did fall by 4%, first half like for like sales increased by 1.4% and the improving trend continued into quarter 2 where like for like rose by 2%. Cost savings for 2016 – 17 will exceed £1bn. Morrisons claims that its new team is making a real difference with lower prices, better service and improving quality.
NEXT NXT Total brand sales for the half year to the end f July rose by 3% but this was only achieved by discounting, with full price sales down by 4%. Profit before tax is down by 1.5% on a weekly comparable basis, last year having 53 trading weeks, compared to this years 52 weeks. Despite this being the age of the internet, it is perhas surprising that Next is bringing forward new store openings due next year, into the current financial year and will increase net trading space by 350,000 sq.ft. Next direct sales rose by 3%.
John Lewis Partnership BB90 saw small rises in sales for the half year to 30th July translated into whopping falls in operating profit and profit before tax which slumped by 74.5%. The company claims this is due to far reaching changes in society and deep structural changes in the retail market. Gross sales rose by 3.1% and John Lewis showed a like for like rise in sales of 3.1% compared to a 1% fall at Waitrose but the bad news is that the unwanted pressure are expected to continue throughout the rest of this year and next.
Ricardo plc RCDO The year end order book stands at a record high at £231m, up from last year’s£140m The fully year dividend for the year to 30th June is being increased by 90% after a strong performance from the two acquisitions which the company made. revenue rose by 29%, underlying profit before tax by 41% and basic earnings per share by 30%. The company sees the outlook as positive with potential for good further growth.
Crawshaw Group CRAW is disappointed with current trading. The suppressed footfall from which it began to suffer in June has continued to the end of the half year and since then conditions have remained difficult. The company is taking remedial action, it says.
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