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Atlantic Capital Markets Month Ahead – Keep Your Shorts On In September
Alan Green and John Woolfitt, Director at Atlantic Capital Markets discuss the month ahead.
We discuss the US Fed August meeting, and indications from Fed boss Jerome Powell that the administration was prepared to ride with higher inflation around 2%. The markets seems to translate as low interest rates for years to come…John gives his view.
John discusses the resilience of mining and commodity stocks in the face of the economic turmoil and Coronavirus threat, along with some of the trading calls from Atlantic over the past month.
Finally we look at some trading ideas and upcoming corporate news in September from Halfords #HFD, Meggitt #MGGT, JD Sports #JD, Travis Perkins #TPK, Tullow Oil #TLW and Costain #COST. Given the volatility in the markets, John advises using the Atlantic Alerts system – moving after the results not before. “If the tide goes out, make sure you’ve got some shorts on”.
Alan Green talks Tertiary Minerals #TYM, Watches of Switzerland #WOSG, JD Sports #JD & CVS Group #CVSG on Vox Markets podcast
Alan Green discusses Tertiary Minerals #TYM, Watches of Switzerland #WOSG, JD Sports #JD & CVS Group #CVSG with Justin Waite on the Vox Markets podcast. Interview is 10 minutes 50 seconds in.
David Paul on Core Finance TV. VectorVest markets timing indicator could suggest a market bounce, plus #GFM, #JD, #FEVR & #KAZ
David Paul looks at key indicators, including market timing that could suggest a market bounce. Watch this Core Finance video where he discusses stocks to watch, Griffin Mining (GFM.L), JD Sports (JD.L), Fevertree (FEVR.L) and KAZ Minerals (KAZ.L). VectorVest prefers shares that are undervalued and shares that are growing in earnings. Analyse any share in 30 seconds and know when to buy and when to sell, taking the guesswork out of your stock research.
JD Sports On Track For More Records
JD Sports (JD.) has produced yet another record set of half year results, with strong growth in the six months to 29th July producing a 41% rise in revenue. Profit before tax was up by 33% and the interim dividend is to be increased by 4%. Sales in the second half have continued at the same level and it is anticipated that year end figures will be towards the upper end of market expectations.
1PM plc OPM The year to 31st May was one of strong organic and strategic growth, continuing the trend of recent years. Revenue rose by 35% and profit before tax and exceptionals by 17%. Basic earnings per share were up by 4%. Robust levels of demand were experienced in all the company’s trading subsidiaries. A proposed dividend of 5% is proposed on the 83.8m shares currently issued compared to last years 52.5m.
Ashtead Group AHT produced another strong set of results for the first quarter to 31st July with revenue at constant exchange rates rising by 17% and both profit before tax and earnings per share by 21%.
Futura Medical FUM claims that excellent progress was made with MED 2002 in the first half of 2017 and a phase III study is now expected to start in the first half of 2018. Discussions with potential licensees have have already started. CSD500 has been successfully launched in the Middle East. First half losses fell from £1.89m to £1.5m as R&D expenditure on MED2002 was reduced.
AA plc (AA.) has admitted that yesterdays speculation was correct and that in early summer it did have preliminary discussions with Hastings about combining its insurance business with that of Hastings.
Tasty plc TAST experienced a weak trading environment in the 6 months to the 2nd July, with pressure on sales and margins forcing it to to take decisive action to improve its position. Despite an 11.8% rise in half year revenue, like for like sales actually declined and profit before tax slumped from £1,615,000 in 2016 to just £210,000. Challenging conditions, it claims, have been recognised, under performing sites have been identified, some are in the process of being disposed of and others placed on the market.
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JD Sports sprints ahead.
JD Sports Fashion JD. Preliminary results for the year to 28th January show a record year, with profit before tax rising by 81%, following a 31% rise in revenue. Basic earnings per share were up from 10.03p to 18.38p and the total dividend for the year isto be increased from 1.48p per share to 1.55p. It was also the third consecutive year of double digit like for like growth in Sports Fashion. The strength of the UK performance is now being added to by the momentum in international sales.
De La Rue DLAR updates that underlying operating profit for the year to 25th March is expected to be above the top end of market consensus. Exports have been helped by the sustained weakness of sterling but this has been partly offset by rising raw material prices, leading the board to believe that expectations for 2018, remain unchanged.
Victoria plc VCP Underlying profit before tax for the year to 1st April will be comfortably ahead of current market expectations as trading also continued to be ahead of those expectations. Very good organic earnings growth is expected over the next 12 months and further earnings – accretive acquisition opportunities have been identified during the past year.
Akers Biosciences AKR 2016 produced strong evidence of growing demand for Akers flagship product, Heparin PF/4, sales of which rose by 85% in the year to the end of December and meriting a significant price increase during the course of the year. Group sales rose by 40%, profit margins increased from 55% to 63% and major expenses fell sharply, resulting in a 65% decrease in the net loss. 2017 is expected to see further growth and the introduction of new products.
Medica Group MDP saw a strong demand for its services during the year to 31st December. Revenue grew by 28.3%, EBITDA by 37.6% and adjusted profit before tax surged by 98.9%
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Company news: Tesco Sells Dobbies – A Great Business, They Say!
Tesco TSCO confirms that it has sold Dobbies Garden Centres which it has owned since 2007. The CEO says the staff at Dobbies built up a great business – which is of course a good reason for selling it but only if you are desperate for £ 217m. in cash.
JD Sports Fashions JD expects to deliver excellent first half results following further positive trading boosted by Euro 2016. Pity the same cannot be said about England’s performance.
Precious Metals On The Move
Gold has risen more than 23% this year as equity prices collapse, oil collapses and Brexit uncertainties dominate the headlines. As ever that leaves gold, now having touched a 2 year high, providing the only safe haven.
Lithium which for years promised much but never delivered has at long last done so with the price of the metal doubling during the last few months of 2015. A Chinese Lithium miner has entered the list of the Top 40 mining companies, coming in at number 31
Rare Earths. At the same time the world’s top producer of rare earths has jumped 23 places to number 17.
Uranium. The price of Uranium is forecast to double by 2018 and to enjoy a 6% annual compound demand growth rate for the next few years, which could return the price to levels last seen in 2007
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