focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
fantastic-didn't see this coming!
Sebastian James, Group Chief Executive, said: "It is clearly a symbolic moment in the history of our great new shared enterprise to be reporting our first half year results. And they are, I am pleased to say, encouraging. Overall sales in the period have grown by 5% on a like-for-like basis and profit before tax has grown by 30%. Best of all, customer satisfaction continues to show good year-on-year progress across the business. We have seen a barnstorming performance from our UK & Ireland division with like-for-like sales growth of 6% in the first half and 11% in Q2. This has been driven by continued improvements in price and service, competitive changes, technology launches and some recovery in the economy. We have also seen a good performance from our Nordic business where the competitive environment seems - possibly temporarily - to have calmed just a shade. Our Greek business has also had a good half and seems to be benefiting from some market recovery. Life has been tougher for our smaller European phone businesses who are strategically less able to be robust in the face of market changes and we are in the midst of restructuring and reviewing these operations. We remain excited about the long-term potential of our Connected World Services business on which we report separately today. This business continues to show promise with third party deployment of honeyBee and a new contract recently signed with BT. The integration of our business seems to be going better than I dared hope, and our integrated stores are trading very well which augurs well for the future. There is still much, much more to do, but I have been struck by the willingness of people at all levels and from all parts of the business to roll up their sleeves and get on with it. I also feel, every day, how lucky we are to have such a smart and committed team. I would like to use this opportunity to thank them for their hard work. All in all, then, this has been a very good half year but there is a lot more of the year to go and a crucial Christmas to come, against a backdrop of big changes in how and when customers do their Christmas shopping. Black Friday was an extraordinary - and fun - day but we are all acutely aware that there is no room for complacency. Ahead of this all-important peak period we remain comfortable with market expectations for this year; at the same time we know that we will need to keep our foot on the gas if we are to achieve our ambitious longer-term goals."
MBT up by 30% all looks encouraging,
426p looks a good price to me to buy in.Interesting what has happened to "Carpetrights" share price today after their results.I'm a little concerned that the expected results have already been factored into the price already.News on a dividend would give it a lift I'm sure.Plus some surprise news around synergy savings will also help. Last Christmas saw positive numbers but the SP didn't move.Guess we will all find out soon enough.GLA.
Feels like DC.got hammered today-over and above the oil turmoil.Eleven point drop in the SP feels more like a correction. Still a good time to top up I think
not concerned about this drop-think it's to do with market volatility and the car crash called tesco. Looking forward to the statement next week- Any views ?
still an incredibly low sp for what was a stand alone business -about to announce record breaking results.Where can this go ?
fluteman -thankyou
Thanks mrbushi-anything mentioned by Seb around Monday's performance Twitter etc-anyone know ?
Mr Bushi -anything mentioned around the cpw integration,i phone 6 performance,margin erosion because of the black weekend?or anything else that might exceed city expectations?thanks
broke thro a couple of times-just needs a shove.looking forward to the update on the 17th.
seem Luke warm to me-hope the Friday deals are stronger.The leading lg ctv at 279 on closeure inspection isn't as good as it first appears. Think the queuing system might be kidology to generate anticipation and impulse buys. Still think it will be a winner for us -what happened to the countdown screen was it canned to introduce black tag deals?
https://uk.finance.yahoo.com/news/3-stocks-set-explosive-growth-085936060.html
excellent-explosive growth in 2015
interesting article posted today.
anyone know the city's financial forecasts for December?The expected profits etc.
this day in day out rise seems a little too good to be true.whilst the future looks rosy can this momentum truly continue ?are the markets manipulating this share up till December and then will they sell and short it to drive the price down? Or was this share always undervalued as per the Pe. Views would be appreciated.