Hints and tips:
Company reduces debt after IPO
Young electronics group only made £4mn in the six months to January
...Though analysts expect earnings to pick up strongly from 2025, a couple of directors have decided to capitalise on recent gains — chief executive Michael Ord and legal director Sarah Ellard have sold £494,971...
Amit Bhatia’s investment vehicle buys a further £5.8mn of shares in construction materials group
Telecoms group faces multiple challenges
Tobacco group continues to suffer from decline in smoking
Renewed confidence in the mixer group’s outlook
Group makes £1.4bn sales
Bhartia brothers’ stake now above 50 per cent
...SELL: Kingfisher (KGF) A new plan has been concocted in a bid to boost profitability of underperforming French DIY chain, writes Michael Fahy....
...SELL: Aston Martin Lagonda (AML) The luxury carmaker is spending cash faster than it has raised investment, writes Michael Fahy....
Net gaming revenue has risen, though the online sector is struggling
...HOLD: NWF (NWF) The company is allocating £8.5mn in cash to fit out a large new food warehouse, writes Michael Fahy....
...Babcock International (BAB) After a painful reset in 2021, this defence specialist is now operating from a position of strength, writes Michael Fahy....
£20mn bet on future of sports car maker
...BUY: Renew Holdings (RNWH) Operating profit is up 18 per cent on the back of strong organic growth, writes Michael Fahy....
...BUY: Chemring (CHG) Order intake more than doubles to £358mn, but higher capex will weigh on short-term earnings growth, writes Michael Fahy....
Building materials chief receives €3mn
But lower energy prices may hit the group in the medium term
...BUY: Ryanair (RYA) The low-cost carrier plans to pay €0.35 per share for 2024 and 25 per cent of annual profits afterwards, writes Michael Fahy....
Share price has fallen 13 per cent in past three months
B&Q owner’s shares trade at below nine times earnings
...BUY: Bunzl (BNZL) Customers battling with inflation have swapped out branded lines, an advantage for Bunzl, writes Michael Fahy....
...About £140mn of this has been spent buying out existing shareholders — Stroll’s consortium sold £117mn worth of shares, and non-executive Michael de Picciotto sold £7.8mn-worth....
Momentum fades for bank’s share price rise
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