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Friday Email: 01 June 2018

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 FTSE 100 is trading flat on the week having began at 7730 and is currently trading at 7728.

The past week was very quiet on the reporting front. Photo-Me issued a trading statement that amounted to a profit warning for 2019 as a result of poor trading in Japan. This has caused us to reduce our forecasts for next year to a flat (maintained) dividend and for increases to resume in the following financial year (2020). We expect the final dividend for 2018 to be as per the dividend policy, an increase of 20%, although this is not guaranteed.  The market overreacted in our view and the prospective yield has risen accordingly.

The week ahead remains quiet with only a small number of companies reporting. Going ex-dividend next Thursday with yields in excess of 2% from the single dividend we have Connect Group (5.4%), Vodafone (4.7%), RDI REIT (3.6%), Restaurant Group (3.4%), Electra (2.7%), Flowtech (2.4%), Debenhams (2.3%), Sainsbury (2.2%) and Inspired Energy for 2.1%.

New into DividendMax this week at the request of one of our members we have Hummingbird Resources, KCR Residential REIT and Taptica International.

This email was originally sent on Friday 01 June 2018

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.

It’s included as part of the free DividendMax trial.

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