Recent articles for private investors with a focus on dividend announcements
19 Dec 2012
19 Dec 2012
18 Dec 2012
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13 Dec 2012
John Wood Group 2012 pre-close trading update
Pre-close trading updateJohn Wood Group PLC ("Wood Group") issues the following pre-close trading update for the year to 31 December 2012. Full year results will be announced on 5 March 2013.Overall, conditions in energy markets remain favourable. The Group expects to deliver good growth for the year in line with expectations.Our Engineering division is performing well and continues to anticipate that 2012 EBITA will be up over 30%. Headcount was 10,300 at the end of November. In upstream, work is progressing on the Ichthys and Mafumeira Sul projects in Australia and Angola respectively, and we remain active on a number of offshore projects in the Gulf of Mexico including Hadrian and Lucius. In the Canadian oil sands market we anticipate some reduction in activity in 2013. In subsea and pipelines, we are particularly active in the North Sea and the North West Shelf of Australia, and continue to see good activity levels in onshore pipelines in North America. In downstream, the market outlook remains generally subdued, albeit we have seen some improvement in performance in the second half.In Wood Group PSN, growth for the year is underpinned by strong performance in the North Sea and in North America, particularly in the US shale regions where we completed the acquisition of Mitchell's in North Dakota during October. In Oman, we have taken steps on a number of key matters to improve performance on our contract with PDO. Losses for the year are expected to be around $20m and,subject to further progress, we anticipate significantly reduced losses on the contract in 2013 and that 2014 will be profitable. Elsewhere, we remain active in a number of other international locations including Africa, the Caspian and Australia.In Wood Group GTS, performance in our Maintenance business has benefitted from the contribution from our oil & gas related activities. In Power Solutions, we have recognised reduced margins on our contract with GWF which is now substantially complete and continue to make good progress on the Dorad contract which is scheduled to complete in the fourth quarter of 2013. We have recently commenced work on contracts with NRG Energy and Pasadena Water & Power and are tracking further opportunities, albeit delays in awards continue.Overall, performance for 2012 is anticipated to be in line with expectations.We anticipate further good growth in 2013 and remain confident in the longer term prospects for the Group's market leading services in oil & gas and gas fired power generation markets.
13 Dec 2012
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07 Dec 2012
Bellway 2012 Interim Management Statement
Bellway p.l.c. Interim Management StatementBellway p.l.c. is today issuing an Interim Management Statement relating to the eighteen week period from 1 August 2012 to 30 November 2012.The Board is continuing with its previously outlined strategy of delivering improved shareholder returns through sustainable, organic growth in volume,selling price and operating margin.Market conditions remain largely unchanged, however customers' ability to access higher loan to value mortgage finance has improved slightly compared to the same period last year, as a result of the continuation of the Government's NewBuy mortgage indemnity scheme. As a consequence, reservations, net of cancellations, have risen to an average of 100 per week, an increase of 6%compared to the prior year. This growth in volume has been achieved from an average of 213 sites compared to 205 sites last year.A variety of sales incentives continue to be used in order to secure sales with NewBuy accounting for 10% of reservations taken in the period. Conversely, the Group continues to restrict the use of shared equity incentives, with these representing only 3% of reservations in the period, compared to 5% in the prior year. The average selling price of reservations, net of sales incentives, has increased by 4% to £195,800, reflecting continuing changes in product mix.The Group has achieved 3,951 (2011 - 3,748) sales for the current financial year, representing 72% of its current annual target. The Board anticipates that legal completions will increase by around 5% for the six months ending 31 January 2013 and expects that the operating margin for the same period will slightly exceed the 12.5% achieved in the second half of the previous financial year.The Board continues to believe that improvements in shareholder return can be achieved through organic growth, given that land can be acquired where the return on capital is accretive to shareholder value. To that extent the Group's land teams have been active, resulting in expenditure of £91 million on land and land creditors and modest net bank debt of £77 million at 30 November 2012. Given its balance sheet and operational capacity, the Group is well placed to deliver future sustainable and responsible growth.
07 Dec 2012
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29 Nov 2012
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22 Nov 2012
22 Nov 2012
Daily Mail & General Trust Increases 2012 Final dividend 6%
GOOD YEAR OF PERFORMANCE- Group revenues down 1%, an underlying increase of 3%- Good growth from B2B: revenues up 1%, an underlying increase of7%; with profits up 7%, an underlying increase of 8%- Associated's underlying revenues were up 2%, with a slightimprovement in operating margins- Operational focus at Northcliffe: profits up 54% despiteunderlying revenues down 6%- Group operating profit of £300m, up 7% on a reported andunderlying basis; operating margin increased from 14% to 15%- Profit before tax of £255m, up 10%- Active portfolio management: purchase of Jobrapido; sale of Evanta andremaining stake in dmg radio Australia; creation of Zoopla Property Groupjoint venture and, in November 2012, disposal of A&N Media's digitaloperations in central Europe- Disposal of Northcliffe Media agreed in November 2012; adjusted resultsexcluding discontinued operations shown on page 20- Net debt reduced by £106 million to £613 million; net debt: EBITDA of 1.6times- Share buy back programme of up to £100m over the coming year- Earnings per share up 7% to 49.4p; full year dividend increased by 6% to18.0p.Martin Morgan, Chief Executive, said:"DMGT has delivered a good set of results in the 12 months to 30September. Group adjusted pre-tax profits rose by 10%. Our international B2Bcompanies have increased their revenues and profits by 7% and 8% respectivelyon an underlying basis. Although our UK consumer businesses were impacted bychallenging trading conditions, it was particularly pleasing that Associatedwas able to grow its revenues by 2% on an underlying basis and thatunderlying profits for the consumer businesses rose 12% - reflecting greaterproductivity and efficiency linked to continued digitisation in that division.We continued to refine our portfolio of businesses during the yearwith further acquisitions and disposals aimed at improving our long termgrowth potential. Today we are a more focused and financially stronger Group,leaving us well positioned for 2013 and beyond."
22 Nov 2012
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20 Nov 2012
