There are quite a few FTSE350 companies lining up to pay special dividends alongside their usual dividend payment over the next few weeks. Starting with ITV and Admiral who go ex-dividend tomorrow.
ITV - current price around 125p, 1.8p dividend, special dividend 4.0p - total 5.8p per share.
Admiral - current price around 1293p, dividend 21.4p, special dividend 24.1p - total 45.5p per share.
Fidessa - current price around 1793p, dividend 24.5p, special dividend 45.0p - total 69.5p per share.
Antofagasta - current price around 891p, dividend 8.4p, special dividend 52.0p - total 60.4 per share.
888 Holdings - current share price around 169.5p, dividend 3.02, special dividend 1.34p - total 4.36 per share.
You can work out the % yourself, but only 888 at around 2.5% are paying something close to the very low IR's currently available on savings with your local friendly bank.
Tuesday, 30 April 2013
Government completes first Help to Buy deal, Taylor Wimpey benefits
So, after the Government announcement in the last budget of their intention to prop up house prices with the Help to Buy scheme, the first beneficiaries are moving into their taxpayer backed home.
Persimmon reported, as mentioned here, that they were seeing an increase in interest after the budget and now Taylor Wimpey join them. As suggested here, the UK housing market is too big to be allowed to fail, and it would seem the latest scheme could well be quite popular, especially with the housebuilders.
The first property deal under the Government’s Help to Buy has just been finalised on a Taylor Wimpey home in Liverpool.
A young couple relocating to the North West from Northern Ireland have bought the three bedroom home at Taylor Wimpey’s Speakman Gardens development in Prescot.
The housebuilder said it has seen a rise in visitor levels and new home reservations this year, as a result of improvements in consumer confidence.Taylor Wimpey go on to say;
Peter Redfern, chief executive of Taylor Wimpey, commented: “The new Help to Buy housing measures have been welcome news for home hunters.
“We have seen significant increases in customer interest following its announcement and the scheme has already proven popular for those looking to get onto or move up the housing ladder.
“In fact, since its launch on 1 April, we have helped customers purchase, reserve or register their interest in an additional 300 homes.
“The measures announced by the Chancellor will help home builders get Britain building and add a welcome vibrancy to both the new and second hand market over the next three years.http://bdaily.co.uk/industrials/30-04-2013/first-help-to-buy-deal-completes-in-liverpool/
Persimmon reported, as mentioned here, that they were seeing an increase in interest after the budget and now Taylor Wimpey join them. As suggested here, the UK housing market is too big to be allowed to fail, and it would seem the latest scheme could well be quite popular, especially with the housebuilders.
Monday, 29 April 2013
The Week Ahead 3 - 29th April to 3rd May 2013
The week ahead.
Data:
30th April
UK Mortgage Approvals
UK Consumer Confidence
UK M4 Money Supply
US Consumer Confidence
EU CPI
1st May
UK Manufacturing
2nd May
UK Construction
US Balance of Trade
US Initial Jobless Claims
EU ECB Interest Rate
EU Manufacturing
3rd May
US Non-Farm Payrolls
US Unemployment Rate
Company Announcements
Wednesday, 24 April 2013
Brown N Group pleases the market, trend still looks bullish.
Brown N reported today figures that so far pleases the market. The company was first mentioned here in this post around June time last year, as talk at the time was of a potential takeover target for ASDA. Nothing came of that and the company is far more expensive today for any potential bidder than it was back then. It is up today around 4-5% so far on the back of its statement, so there is a lot of good news already in the price. The weekly chart clearly has momentum though and looks like it wants to go higher.
The arrow on the weekly chart below shows when it was first mentioned here, the breakout to the upside was just about to start. I think what the chart also shows is how once you get away from the noise of the shorter time frames on charts, the longer time frame periods look far smoother and like an ocean liner once under way any reverse takes a while to happen. The same tends to be true of these longer term trend moves. I would not want to bet against the company going higher from here until something changes on this longer time frame to justify it.
Chart:
The arrow on the weekly chart below shows when it was first mentioned here, the breakout to the upside was just about to start. I think what the chart also shows is how once you get away from the noise of the shorter time frames on charts, the longer time frame periods look far smoother and like an ocean liner once under way any reverse takes a while to happen. The same tends to be true of these longer term trend moves. I would not want to bet against the company going higher from here until something changes on this longer time frame to justify it.
Chart:
Tuesday, 23 April 2013
Video market round up for the week ending 19th April 2013
A week ending round up of the markets from Steve Briggs YouTube channel. This week includes a look at the UK Pharmaceuticals sector, AstraZeneca and Glaxo.
Links:
Links:
Steve's YouTube site http://www.youtube.com/user/sjb5555.
Useful charts and analysis can also be found at http://www.flickr.com/photos/stevebriggspics/
Useful charts and analysis can also be found at http://www.flickr.com/photos/stevebriggspics/
Monday, 22 April 2013
The Week Ahead 2 - 22nd to 26th April 2013
The week ahead.
Data:
22nd April
EU Consumer Confidence Indicator
23rd April
US House Price Index
US New Homes Sales
25th April
UK GDP (Preliminary)
US Bloomberg Consumer Confidence
US Continuing Claims
US Initial Jobless Claims
26th April
US GDP (Advance)
EU M3 Money Supply
US Personal Consumption Expenditures, Income, Spending
US U. of Michigan Confidence
Company Announcements
24th April
Finals - Home Retail Group. Been going well recently but the fundamentals are looking quite generous for a retailer. Will be interesting to see what effect if any the March/April winter weather has had on business. Note - my mistake this result is due next week.
Finals - Brown N Group. I first mentioned Brown in this post, Retailers Under The Cosh as one to watch in the FTSE250, potential takeover target and probably undervalued. Back then it was around 242p, today 420p as of Friday's close. Be interesting to see if it can maintain this momentum once it announces its finals. Didn't give anything away back in March as to what to expect.
25th April
Interim Management statement - Playtech. Has done well lately out of doing business with William Hill and has also recently agreed a deal with Ladbrokes.
Markets and charts
Data:
22nd April
EU Consumer Confidence Indicator
23rd April
US House Price Index
US New Homes Sales
25th April
UK GDP (Preliminary)
US Bloomberg Consumer Confidence
US Continuing Claims
US Initial Jobless Claims
26th April
US GDP (Advance)
EU M3 Money Supply
US Personal Consumption Expenditures, Income, Spending
US U. of Michigan Confidence
Company Announcements
24th April
Finals - Home Retail Group. Been going well recently but the fundamentals are looking quite generous for a retailer. Will be interesting to see what effect if any the March/April winter weather has had on business. Note - my mistake this result is due next week.
Finals - Brown N Group. I first mentioned Brown in this post, Retailers Under The Cosh as one to watch in the FTSE250, potential takeover target and probably undervalued. Back then it was around 242p, today 420p as of Friday's close. Be interesting to see if it can maintain this momentum once it announces its finals. Didn't give anything away back in March as to what to expect.
25th April
Interim Management statement - Playtech. Has done well lately out of doing business with William Hill and has also recently agreed a deal with Ladbrokes.
Markets and charts
Friday, 19 April 2013
William Hill delivers the knockout punch?
There couldn't be a bigger contrast in market sentiment in action than comparing today's response to William Hill's results with Ladbrokes downbeat report delivered on Monday. As of writing the company is up around 5% on the back of its statement, so has William Hill delivered a knockout blow to its rival?
In fact, reports suggest that William Hill are seeing moderating growth, yet the market still seems to like what it sees. However, when it comes to presentation it would appear that William Hill knows better than Ladbrokes how to hide any bad news in its statement as can be seen by what it reported about its Cheltenham results.
Note how the bad Cheltenham results are glossed over by mentioning the Grand National success and the continued growth in digital players. Ladbrokes made no mention of any improvement in trading after Cheltenham, although surely they did well out of the National meeting as well? Ladbrokes statement left enough to doubt that going forward the company is still struggling, whereas William Hill are now seeing the benefits of its investment online, takeover of Sportingbet and relationship with Playtech. Judging by the two statements released this week, Ladbrokes could learn a lesson to be more upbeat about future prospects, unless of course it really is bad.
Going forward William Hill seems to be projected highly on growth company numbers compared to rival Ladbrokes, which increasingly looks like a value play. Of the two its the latter that has more potential upside, assuming of course that management has got it right on the recovery plan that they have.
Here's the numbers before today;
In fact, reports suggest that William Hill are seeing moderating growth, yet the market still seems to like what it sees. However, when it comes to presentation it would appear that William Hill knows better than Ladbrokes how to hide any bad news in its statement as can be seen by what it reported about its Cheltenham results.
Cheltenham results were not as good for us this year but just after the quarter end, Auroras Encore made the Grand National a major success for William Hill, even beating our record win achieved on the race in 2009 when Mon Mome romped home at 100-1. Both of these big meetings proved to be significant attractions for mobile bettors. Our app was downloaded 45,000 times on Grand National day and 51,000 times during the Cheltenham Festival, putting us at the top of the downloads league for both events.http://www.digitallook.com/news/rns/20838794-14283/WMH-Q1_Interim_Management_Statement_html?ac=,&username=,
Note how the bad Cheltenham results are glossed over by mentioning the Grand National success and the continued growth in digital players. Ladbrokes made no mention of any improvement in trading after Cheltenham, although surely they did well out of the National meeting as well? Ladbrokes statement left enough to doubt that going forward the company is still struggling, whereas William Hill are now seeing the benefits of its investment online, takeover of Sportingbet and relationship with Playtech. Judging by the two statements released this week, Ladbrokes could learn a lesson to be more upbeat about future prospects, unless of course it really is bad.
Going forward William Hill seems to be projected highly on growth company numbers compared to rival Ladbrokes, which increasingly looks like a value play. Of the two its the latter that has more potential upside, assuming of course that management has got it right on the recovery plan that they have.
Here's the numbers before today;
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