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An encouraging report for Q1.
Investor relations did finally contact me and answered my enquiries positively. I note that 'fuel hedging' was also included in the general update. AIRA continues to impress as a well-run operation.
LTI - My comment was mostly just a flip observation, but I appreciate your back-story. Actually, we seem to have a similar philosophy with regard to HSBC, ie, to top-up when any downturns present themselves. The quarterly income is indeed useful!
Sorry, I meant 38....
Wow, my recent purchase at 238 looked like it was going to fester for a while. Hope this maintains a following wind.
Chris_Magpie - Thanks for the headsup re social housing development. Might have confused an article I read with Vistry..
ITV transformation is working.
A ‘deep restructuring’ at ITV (ITV) means that the broadcaster’s earnings are moving in a different direction.
‘ITV results led to significant consensus upgrades as solid results from ITVX and studios were compounded by the announcement of a transformational cost savings programme and the accretive effect of a £235m buyback using proceeds from the sale of its 50% stake in Britbox International to the BBC,’ Costar said.
The results highlighted a ‘marked change in direction for the earnings profile of the company’, said Costar, who added that it also ‘evidences the deep restructuring management has undertaken’.
Consensus is now pointing to ‘higher quality and double-digit earnings growth out to 2025’ but the shares are still trading on a price to earnings of ‘just 10 times’.
The shares fell 1.7% to 69.3p on Tuesday, putting them down 15% over the last 12 months.
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I've been holding off, but I think it's probably a reasonable time to consider a top-up.
Alanos - We were all new here once upon a time, bright eyed and bushy tailed, full of enthusiasm. The experience hasn't been good, with many obstacles seemingly recurring, management competence has to be questioned. It's a shame, when as you say, the raw numbers should be more fruitful for investors.
Selecta6 - 'Shambles' is a good descriptor. Their performance is so far from their mission statement it's a joke. I think even with my appalling luck and questionable judgement I could have picked a more profitable selection for the fund. Frankly, a lit more contrition from the Chair and BOD wouldn't go amiss. Their statement really doesn't instil much confidence.
I decided to add some into my ISA today. I can't help thinking that a new Labour government will want to start with a splash and embark on various civil and social engineering projects which would be a great fit for Costain. Housing ought to be a priority, surely? Our general infrastructure is creaking under years of lack of investment. Taxpayers like to see some of their contributions being spent for the benefit of the greater society. Anyway, fingers crossed that Rachel Reeves will put some business our way..
A couple weeks back, I emailed investor relations regarding the reliability of fuel supplies in Kazakhstan, with a veiled concern with respect to their northern neighbour. I also asked if they had a hedging policy for forward fuel.
No reply received at all...
Meanwhile, Russia has requested Kazakhstan make provision to provide refined products as their own refineries are being degraded.