Friday Email: 12 June 2015
Every Friday morning our lead analyst Mark Riding sends out his weekly run-down and upcoming events in the investor calendar, like this one:
The week past saw the market falling until Wednesday worried about the talks with Greece, but then it rallied to end up fairly flat on the week. The FTSE 100 index is currently trading at around 6825. Only four dividend declarations came this week with RPC group (dividend up 12%), WS Atkins (8.1%) Oxford Instruments (4.8%) and Halma increased its full year dividend by more than 5% for the 35th consecutive year. (7% this time)
The week ahead continues to be quiet although Wednesday brings final results from Berkeley Group who we highlighted to members a while back. Betfair also report on Wednesday. Going ex-dividend this week we have ten companies with no particular highlight.
In the DividendMax membership, we have some pretty shrewd investors so it is always worth having a look at stocks that members request to be added into DividendMax. This week we have Conviviality Retail (CVR) and WYG (WYG), both AIM stocks so as always with AIM stocks, research carefully.
The Friday email is delivered to over 20,000 subscriber’s every week, and remains a widely read run-down of recent events and what investors can expect in the week ahead written by our chief analyst Mark Riding.
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Read next: 05 June 2015
The FTSE 100 has had a bad week falling over 200 points and is now trading well below 7000. The summer blues seem to have kicked in and the same stories we have been hearing for some time are doing the rounds again. Most prominent at the moment is that the market is falling on Greek woes. What I see from the past week is dividend increases from the companies reporting. Synergy health were not going to pay a dividend due to the takeover situation. OPG produced good numbers and will deliver fantastic results over the next two financial years with its new operational capacity fully onstream. A dividend is sure to come next year. Of the rest Kcom continued its 10% per year increase strategy, VP Group increased by 18%, Johnson Matthey by 9% and Halfords continued to rebuild and rebalance its dividend in line with cash flows delivering a 15.4% increase. London Metric Properties did not increase its annual dividend, but did throw in a decent special dividend.