Recent articles for private investors with a focus on dividend announcements
3i pre-close trading statement - March 2012
Commenting on the statement, 3i's Chief Executive, Michael Queen, said:
Tui Travel pre-close trading update March 2012
Peter Long, Chief Executive of TUI Travel PLC, commented
James Halstead Interims
James Halstead plc, the AIM listed manufacturer and international distributor of commercial floor coverings, reports:
First Group Pre-close trading update March 2012
PRE-CLOSE TRADING UPDATEOverall tradingThe Group provided an update on trading in respect of the third quarter of its financial year on 12 January 2012. Since then overall trading for the Group has been in line with management's expectations and we remain on course to achieve overall earnings and cash targets for the year.Our portfolio continues to provide diversity with separate businesses moving at different stages through the economic cycle. Our three North American businesses continue to demonstrate progress and the US macro economic outlook is showing positive signs. In UK Rail, against a background of robust revenue growth we are now at an inflection point in the Government's re-franchising programme. Lower economic activity, particularly in Scotland and the North of England, is creating pressure on the performance of our UK Bus business.During the year we have continued to drive cash generation to support capital investment, debt reduction and dividend growth of 7%, in line with our current commitment. As previously indicated, we expect cash generation for the year to be within the range of £100m to £115m and a net debt to EBITDA ratio of 2.5x at 31 March 2012.
Dominos Pizza Q1 2012 IMS
Domino's Pizza UK & IRL plc announces its Interim Management Statement in conjunction with its Annual General Meeting which is to be held at 1pm today [28 March 2012]. Financial data relates to the 13 week period to 25 March 2012 ("the period") unless otherwise stated.
Kazakhmys Final Results
This preliminary results announcement includes the audited consolidated financial results of the Kazakhmys Group for the year ended 31 December 2011, including the Group's proportionate share of the unaudited earnings of ENRC PLC (ENRC), in which the Group has a 26% shareholding, on an equity accounted basis.
Kingfisher Final Results
Kingfisher reports full year adjusted pre-tax profits up 20% to £807 million and dividends up 25% in its final year of 'Delivering Value'. Provides details of the next phase of its development 'Creating the Leader'
United Utilities Trading statement March 2012
UNITED UTILITIES TRADING UPDATEUnited Utilities remains on track to deliver a good underlying financial performance for the year ending 31 March 2012. The company's operational and efficiency initiatives continue to progress well and it remains on course to meet its regulatory outperformance targets.United Utilities is continuing to implement a wide range of business improvement initiatives, which are delivering benefits for customers. This is being recognised through an improvement in Ofwat's service incentive mechanism (SIM) assessment and this positive trend is continuing through the second half of 2011/12. United Utilities expects to meet its 2011/12 regulatory leakage target, reflecting strong year round operational focus, and the company's reservoir stocks remain in excess of 90%.Revenue for the full year is expected to increase by between 3% and 4%. This increase is slightly below the allowed regulated price rise, principally reflecting the ongoing impact of customers switching to meters and lower commercial volumes in the second half of the year.
Motley Fools Article on dividend stocks
http://www.fool.co.uk/news/investing/2012/03/16/5-reasons-to-buy-high-yield-shares.aspx?source=ufwflwlnk0000001
Premier Farnell Final Results
Commenting on the results, Harriet Green, GroupChief Executive, said:`Despite the sharp contraction last year inglobal industrial and technology markets, we continued to demonstrate theresilience of our balanced strategy and operating model. We increased salesdespite the previous year's record levels, we maintained full-year operatingprofit and we achieved an industry-leading return on sales for the fourthsuccessive year. The successful execution of our strategy generated strongcash flow. As a result of this performance, we were able to maintain returnsfor our shareholders.We remain cautious on the economic outlook as themarket continues to be uncertain and the nature of our business gives uslimited forward visibility. However, as comparators become easier from themiddle of the year and we benefit from a 53rd week, we expect growth to returnthis year. As such we will continue to invest in support of our strategy andour people.'
Home Retail end of year trading statement
Terry Duddy, Chief Executive of Home Retail Group, commented:
IG Group IMS March 2012
IG Group Holdings plc ("IG" or the "Group") today issues the following Interim Management Statement for the period from 1 December 2011 to 12 March 2012. Unless otherwise stated, trends and figures highlighted below refer to the three months ended 29 February 2012 and the corresponding period last year. The commentary below excludes the Sport business which was discontinued as of June 2011.
Reuters Dividend Article
LONDON (Reuters) - Global investors in search of high-dividend equity plays are heading to emerging markets, abandoning their view of these stocks as a predominantly growth-based investment.
Aggreko Final Results
Group revenue
£1,396m
£1,230m
14%
22%
Group revenue excl pass through fuel
£1,288m
£1,156m
11%
Trading profit (2)
£341m
£314m
8%
26%
Profit before tax
£327m
£307m
6%
Pre-exceptional diluted earnings per share (4)
87.72p
79.69p
10%
Post-exceptional diluted earnings per share
98.83p
79.69p
24%
Dividend per share
20.79p
18.90p
10%
Admiral Group Final Results 2011 - dividend announced
Admiral Group plc Results for the Year Ended 31 December 20117 March 2012
Cobham Final Results 2011/12 - dividend boosted 33%
PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2011
Ashtead Group Q3 2011/12 results
Unaudited results for the nine months and third quarter ended 31 January 2012
John Wood Group Final Results
Full year results for the year ended 31 December 2011Successful strategic repositioning and strong growthJohn Wood Group PLC ("Wood Group" or the "Group") is an international energyservices company employing more than 39,000 people worldwide and operating in50 countries. The Group has three businesses - Engineering, Wood Group PSN andWood Group GTS - providing a range of engineering, production support,maintenance management and industrial gas turbine overhaul and repair servicesto the oil & gas, and power generation industries worldwide.Financial HighlightsTotal revenue1 of $6,052.3m (2010: $5,063.1) up 19.5%Total EBITA1 of $398.7m (2010: $344.8m) up 15.6%Revenue from continuing operations2 of $5,666.8m (2010: $4,085.1m) up 38.7%EBITA from continuing operations2 of $341.6m (2010: $218.7m) up 56.2%Profit from continuing operations before tax and exceptional items of $254.1m(2010: $156.2m) up 62.7%Adjusted diluted EPS3 of 60.2 cents (2010: 39.8 cents) up 51.3%Total dividend of 13.5 cents (2010: 11.0 cents) up 22.7%Strategic and Operating HighlightsSuccessful strategic repositioningAcquisition of PSN, which performed ahead of expectationsDisposal of Well SupportReturn of cash to shareholders of £1.1bnEngineeringStrong revenue growth and margin improvement in 2011Increased activity in upstream and subsea & pipelinesDownstream activity in line with 2010Recent awards support expectation of further revenue growth and marginimprovement in 2012Wood Group PSNStrong activity levels in North Sea and North AmericaIntegration programme largely complete and on track to deliver expectedsynergiesPerformance held back by previously announced losses on Wood Group ProductionFacilities contracts in Oman and Colombia2012 performance improvement from underlying growth and reduced contract lossesWood Group GTSStrong recovery in Maintenance, with EBITA up over 20%Successful progression of Dorad and GWF projectsPursuing a number of additional Power Solutions prospectsFurther Maintenance growth and good visibility in Power Solutions into 2012Sir Ian Wood, Chairman, and Allister Langlands, Chief Executive said:"We anticipate good progress in all divisions in 2012. In our activitiessupporting clients' development capex, we are forecasting strong growth inEngineering driven by increased E&P capex spend and have good visibility in ourWood Group GTS Power Solutions business into 2012. In our activities supportingclients' production opex activities, we see performance improvement in WoodGroup PSN and further growth in Wood Group GTS Maintenance."Through our market leading positions in engineering, production facilitiessupport and gas turbine services, we are well positioned to take advantage ofstrong growth trends in energy markets and we continue to anticipate goodgrowth in the longer term."
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