The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Positive RNS and a good account winning news from Mediamonks, but SP is showing nothing.
https://www.thedrum.com/news/2019/09/10/fanta-appoints-mediamonks-develop-and-amplify-the-brand-se-asia
I do everything online - from banking to buying grocery. Last week I had to visit my TSB branch. I had to deposit money, and it took at least 20 mins, although there was hardly anyone in the queue.
There was a rating sticker on the window, and it shows TSB is the last on the list. Nationwide and Metro topped all customer satisfaction ratings.
I visited the branch for a day; I promised not to go again. Just think what the non-tech savvy customers feel about their poorly receptions every day.
WPP has been winning big accounts lately. They will recover from the losing streak very soon. S4 and WPP are not in the same league - there is no crossing path yet. I can only imagine S4 going up - Sir Martin is a man of the word!
· Passenger numbers for the six months to 31 March 2019 increased by 4.9 million (13.3%) to 41.6 million
· Capacity1 increased by 14.5% principally due to annualising of new operations in Berlin. easyJet grew its existing network capacity by c.7%. Load factor decreased by 1.0 percentage points to 90.1% mainly as a result of building loads in Berlin in the first quarter
· Total revenue increased by 7.3% to £2,343 million (H1 2018: £2,183 million) due to capacity growth and a foreign exchange benefit negatively offset by, the impact of the move of Easter, the new IFRS 15 accounting standard and the annualisation of prior year benefits such as Monarch's bankruptcy and Ryanair cancelling a large proportion of its winter 2017/8 schedule in the UK. Total revenue per seat decreased by 6.3% to £50.71 (H1 2018: £54.10), with a decrease of 7.4% at constant currency2
· Headline cost per seat increased by 3.9% to £56.66 (H1 2018: £54.53) as a result of fuel price increases, the impact of foreign exchange, underlying cost inflation, investing in resilience as well as the impact of drones at Gatwick in December, mitigated by easyJet's cost programme and fleet up-gauging. Headline cost per seat excluding fuel at constant currency increased by 1.3%
· Headline loss before tax was £275 million (H1 2018: loss of £18 million) reflecting the above revenue and cost drivers, easyJet's normal seasonality as well as increased volume of capacity
· Total loss before tax of £272 million for the six months ended 31 March 2019 (H1 2018: loss of £68 million) reflecting a small benefit of £3 million from non-headline items
· easyJet's business model and strategy are underpinned by sector leading balance sheet strength, with a net debt position at 31 March 2019 of £201 million (under new IFRS 16 accounting standards)
Do anyone see the haemorrhage stopping anytime soon?
To me, it's a Buy. Chairman and CEO sold their positions to avoid any possible sanctions which make the company safe to invest. On the other hand, the Vale mine is closed in Brazil. Price should go up further.
It will be interesting in the coming days.
Cigarette makers British American Tobacco and Imperial Brands faded after the US Food and Drug Administration named National Cancer Institute director Ned Sharpless as acting commissioner to replace Scott Gottlieb, who announced plans to step down earlier this month.
“This reinforces our view that investors were premature to assume that Gottlieb’s departure would lead to a lighter regulatory hand over the tobacco industry out of Washington. It now appears the FDA will not skip a beat in its pursuit of tobacco regulations, and we continue to believe Congress will seek to become more involved in addressing the youth ecigarette epidemic during the months to come.”
HEIGHT SECURITIES
Two weeks ago Asos.com suffered a Google penalty. As a result, it lost more than 70% of its visibility (keyword ranking). Last week it improved slightly, but still far away from the original rankings.
Businesses like Asos, who are solely dependent on search engines, it will definitely put dents on the balance sheets.