Hints and tips:
...HOLD: JD Wetherspoon (JDW) Sales growth rates have outperformed the market for almost a year and a half, writes Christopher Akers....
Bullish Tim Martin buys £6.8mn of shares
...From a 190,000 barrel a day (boe/d) minnow, it will swell into a 500,000 boe/d proper sized fish — a peer with Aker BP and the US’s Apache....
...The company reports that its most significant revenue stream continues to come from a vitamin D antibody known as vitD3.5H10 – which is used to test for vitamin D deficiency....
...From the UK selection, I’d pick out Bunzl, chiefly because of my colleague Oliver Ralph’s inclusion of the packaging and distribution business in his wry analysis of the “magnificently unglamorous” seven...
...And the imperative to keep updating its technical capabilities saw R&D expenditure rise by 71 per cent....
...But we’d like to see greater evidence of policy support here....
...BUY: AG Barr (BAG) Cost pressures hit margins, but revenue and profit progress demonstrate the strong brand equity on offer, writes Christopher Akers....
Chairman buys 2.6mn shares after 40 per cent fall in shares
...HOLD: Reckitt Benckiser (RKT) Nutrition sales boomed on the back of a rival’s problems in the US, but it is not expected to last, writes Christopher Akers....
...This is because it benefits from economies of scale as R&D and marketing expenses get spread over a larger customer base....
...HOLD: IG Design (IGR) The company is targeting 2025 as a key year for profitability recuperation, writes Christopher Akers....
...And you’d expect equities to do badly under such conditions because of earnings disappointments and a lack of appetite for risk....
...It is also looking to boost its production to 350,000 b/d by 2025....
...BUY: Halfords (HFD) The motoring business drove performance, with retail cycling falling against a tough comparative period and supply chain issues, writes Christopher Akers....
...But I’d much rather be wrong in this direction than the other. Chris Dillow is an economics commentator for Investors’ Chronicle...
...The company is seeking to compare the combined group to rivals in Norway such as Aker BP and Lundin Energy....
...Aker BP’s current liquidity headroom of ~$3.7bn compares to Lundin’s $1.3bn, whilst we forecast Aker BP’s net debt/EBITDA to remain below 2.0x even in 2020....
...Despite the 2/3 cut to the quarterly DPS, dividends remain a key part of Aker BP’s shareholder value philosophy....
...Other contractors looking to push into low carbon projects include Aker Solutions, Xodus and Subsea 7....
...Undeterred, the referee spoke to Akers, who was to become an influential figure in Scott’s life....
...The company has said it wants to increase production to more than 200,000 b/d over the next five years....
...Aker BP could produce 250,000 b/d by 2023, said the companies, as several new projects come on stream. It will have about 1,400 workers, 850 of whom will come from BP....
...“I’m Polly and I’d like to be your MP,” she says on the doorstep, if and when a door actually opens....
...Well, no, I’d say.”) The gaps between the jokes fill with sadness as the book goes on. It’s a triumph of compression and compassion....
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