Home » Posts tagged 'young & co brewery'
Tag Archives: young & co brewery
Ian Pollard – Royal Mail #RMG Executives Struck Dumb
Royal Mail plc RMG finds plenty to highlight in its interim results for the half year to the 23rd September. A rise of 1% in revenue is one of the best. Apart from that, underlying adjusted profit before tax was down 27 per cent and· adjusted basic earnings per share fell by about a third from 20.1% to 13.6 pence. As if that was not bad enough the reasons for this dismal performance, were even worse. Poor productivity performance, lower cost avoidance in the UK and higher than expected cost pressures in GLS, where admittedly there was a ray of sunshine with a 9% rise in revenue. The most amazing thing about this report apart from the surpising rise of 4% in the interim dividend, is that not a single member of senior management or the board had the courage to come out and make a single comment about the results. From the CEO to the Chairman and all the other senior executives, they all appear to have been simultaneously struck dumb.
Bovis Homes Group BVS on the other hand displays no such reticence as the CEO proclaims that the transformation of its customer service and build quality has resulted in a significant improvement in its financial performance since the 1st July. Bovis is fully sold for this year and expects full year profits will be at record levels. As with all housebuilders it has to make obeyance to the government for its generosity to the industry in agreeing to extend its completely unjustifiable Help to Buy Scheme for yet another two years until March 2023.
Young & Cos Brewery YNGA produced another strong performance for the half year to the 1st October, with profit before tax up by 19.5% and basic earnings by share by 19.4%. The interim dividend is to be increased by 6% making it the 22nd consecutive year-on-year interim dividend increase. Summer results were exceptional – average like-for-like sales growth of 5.6% over the past seven years, with this half year producing a revenue rise of 8.8%, helped by the hottest summer on record. Drink sales enjoyed a particularly strong summer with double digit growth of just over 7.4% on a like-for-like basis. Accommodation sales rose by over 18% and EBITDA by 4.7% to record levels. The strong trading has continued in the first six weeks of the second half.
Dart Group DTG Group operating profit for the half year to the 30th September surged by 68% after a 36% revenue rise. Basic earnings per share rose by 56% and the interim dividend is to be increased by 87%. Bouyant demand led to a particularly strong season for the Leisure Travel business although increased losses are to be expected in the second half of the year as further investment is made in additional aircraft and marketing.
Beachfront Houses & Apartments For Sale in Greece http://www.hiddengreece.net
Ian Pollard – Ocado Slumps To Half Year Loss
Ocado OCDO The 26 weeks to the third of June was a transformational period for Ocado, claims the CEO but perhaps not the sort of transformation which every company would welcome. Group EBITDA fell by 13.9% and 2017’s first half profit before tax of £7.7m was transformed into a loss of £9m.for the current year. First half sales growth however was significantly ahead of the market at 11.7% and retail revenue growth of between 10% and 15% is expected for the current year.
My Sale Group MYSL updates that the year to the 30th June produced another record performance with double digit revenue growth of 10% driving EBITDA growth. Results are expected to be at least in line with the top end of market expectations leading to a significant year-on-year increase in profitability.
Softcat plc SCT expects that adjusted operating profit for the year to the 31st July will be materially ahead of prior expectations following an exceptionally good performance in the final quarter. Market conditions have been very favourable and growth against last year has accelerated.
Dechra Pharmaceuticals DPH has delivered another year of strong revenue growth, with reported group revenue for the year to the 30th June showing an increase of 14% at constant exchange rates and 13% at actual rates. North America produced what is described as an excellent performance.
Young & Co Brewery plc YNGA Trading in the current year has started well, with managed house sales for the first thirteen weeks up 8.8% in total and 5.2% on a like-for-like basis and the warm weather getting at least some of the credit.
Begbies Traynor BEG proposes to increase its total dividend for the year, by 9% the first increase since 2011 and whilst this may be good news for shareholders it does not bode well for the economy. Profit before tax for the year to the 30th April rose from last years £0.6m to £2.3m and basic earnings per share increased from £0.2m to £1.3m
Beachfront villas & houses for sale in Greece; http://www.hiddengreece.net
Persimmon – Clouds On The Horizon ?
Persimmon PSN has been having a rough time during the past few months. In April its shares fell 6% on worries about slowing sales and then between 24th and 27th June its share price fell off a cliff after the referendum results with a two day decline of about a third, leaving it at £14 compared to a previous high of £22.
Persimmon claims that trading has been strong during during the half year to 30th June with the average selling price rising by 6% and group revenue up by 12% but the real picture painted by todays trading update is of some clouds appearing on the horizon. In May and June the private sales rate was ahead by a meagre 1%.whereas first quarter UK mortgage approvals were up by 18%. Forward sales as at 30th June were only level with last years figure. Planners are blamed for continued delays in the start of construction on new development sites.
Advanced Medical Solutions AMS does not have a lot to say in its update for the 6 months to 30th June except that that it is and will continue to be a major beneficiary of the fall in the pound, with 60% of its sales being in $US or Euros. The result will be an expected rise in revenue but profitability remaining in line.
Young & Cos Brewery YNGA has had a good start to the year, despite the weather. Revenue in the first 13 weeks have risen by 6.5% or 4.1% on a like for like basis.
Hayward Tyler Group HAYT claims to have transformed itself into a forward thinking, profitable market leader, ready for its next stage of growth. For the year to 31st Marc h revenue including acquisitions rose by 27%m trading profit before tax by 18% and trading earnings per share by 36%. The dividend is to be increased by 5%.
Find Villas & Houses For Sale In Greece; http://www.hiddengreece.net