Proton Power Systems (PPS) recently provided the market with a trading update informing the market that revenue for the current financial year is up 250% on the previous year. PPS also reiterated to the market that long term revenue visibility is present for many years to come. This woke the market up following the recent wins of orders earlier in the year.
Beximco Pharma (BXP) BXP informed the market that it has commenced exporting carvedilol to the US (5 August 2016) – the first Bangladeshi pharmaceutical company to do so and the market received this news positively. With the mid-price market close for BXP at 35.625p on 5 August 2016, it still remains at a massive discount to the BXP share price for its listing in Dhaka (currently the equivalent of just over ~80p!!).
Two recent pieces of news flow from stock exchange listed companies caught the writer’s eye, as they seemed to represent critical points in each company’s development and whose share price appears to be on the threshold of making a significant move (one way or the other) as a consequence.
As I write, this company in the support services sector is showing a dividend yield of 6.9%. At its 52 week high, it was 5.4%. So you might think it was in the 25 stocks I mentioned in my ‘rewarding strategy’ article, but it wasn’t. This was because, even though it is in the particular portfolio I mentioned in that article, I cannot be wholly confident of the dividend’s sustainability.
ARM Holdings has been acquired by Japan’s Softbank Group. Do you mind? Some people do, either because they think ARM was sold cheaply, or because it’s yet another British champion sold overseas. Alex Brummer, City Editor of the Daily Mail, calls it “an ill-conceived deal conducted with undue haste” and “an economic error”.
The summer is often a quieter time for financial markets and, after the dramatic political events of the past couple of months, August has focused on assessing domestic economic news and digesting company results for the first half of 2016.
This is an article about dividends. The generation of profit is fundamental to equity investment, even though share prices are often driven by other factors. Companies can generate profits without distributing them, but for some investors the distribution is what matters.
The announcement of national, volume residential builder Persimmon’s interim results this morning cheered the City as both the numbers and comments on the immediate outlook for new housing beat analysts’ expectations and bucked prevailing, mixed sentiment towards the industry.
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