Member Info for jange

Trade Summary Dream Scenario: The rate of growth in China is maintained over the rest of 2012, lifting the overall Burberry performance.

Nightmare Scenario: Doubts over whether Burberry can maintain its underlying growth levels continue to act as a drag on the share price.

Key Technicals Shares in Burberry Group have established solid looking support at and above initial February support towards 1,380p intraday. The implication is that while there is no sustained price action below 1,400p, Burberry shares will go on to at least retest the April 1,600p plus resistance zone.

The market may have been disappointed with the marginal slowdown in Burberry's underlying growth, but given the current macro uncertainties and the relative stagnation affecting many other FTSE 100 and retail sector plays, it remains a key growth prospect in the Galvan Research portfolio for the rest of the year.

On April 17th, luxury brand Burberry said that total revenue grew to £1,027m in the second half ended March 31st, up from £877m in the same period the year before and up 18% on an underlying basis. However, in the third quarter alone, underlying growth was 21%. With underlying revenue up 18% in the second half, Burberry said it was pleased with the year-end performance across all channels, regions and product divisions. Underlying retail sales growth was maintained at 23% from the third quarter to the fourth, while comparable store sales in the half increased by 12%, with the UK, France and Greater China remaining strong.

Initial implantations of the new "Unity Knee" have gone well and the product remains on track for commercial launch early in 2013

There has been double-digit sales growth in the UK, US, Japanese and German and Austrian markets, with only the Australian business declining compared to the prior year

The growth has been led by sales of new hip products. Knee sales, which have in recent years declined, were broadly flat while ligament reconstruction products have shown good growth in the UK, but have in aggregate declined on the back of weaker Australian sales

Corin, the manufacturer of replacement hip and knee joints, says it has seen growth in all its markets except Australia and describes the start of the year as 'strong'. Looking at the numbers you can see where its coming from: for the four months ended April 30th, constant currency sales growth was 10% excluding stocking orders.

The shares were broadly flat in morning trading.

The firm has also continued to take advantage of low land prices in the north of England, purchasing a further 11 sites since the beginning of the year, which have added 522 plots to the total land bank.

The total number of private development homes sold by the end of June is expected to exceed the previous financial year by approximately 60%. Gleeson confirms that mortgage availability is still a problem but has seen a "significant" level of activity arising from the government's FirstBuy scheme.

Gleeson the house builder and strategic land specialist, says it has opened seven new sales outlets since the end of last year and seen an increase in reservations. The volume of net private reservations in the period to the end of April increased by 49% compared to the same period of last year, and the order book for future completions is 131 homes, an improvement of

Fresh fruit and flower importer Fyffes has performed well in 2012 so far, increasing its target EBITA (earings before interest, tax and amortisation) range for the full year 2012 to €25m-€30m, from €22m-€27m previously, and compared to €23.2m in 2011. This, the firm points out, equates to adjusted earnings per share of between 6.80 and 8.30 cents, compared to 6.05 cents in 2011. "The industry has experienced further cost inflation during the period, including higher bunker fuel costs, and less favourable exchange rates," the firm said, attributing its improvements to "operational efficiencies, a continued focus on costs and returns on the group's significant investment in the business in recent years"

Equatorial Palm Oil has halved its full-year losses to $2.2m from $4.4m for the twelve months ended December 31st after it achieved its maiden revenues of $0.385m from its first crude palm oil sales. During the year the company planed 1,100 hectares of new oil palms, committed to a cash injection of $30m as well as to an additional £30m loan facility agreement. In a statement the firm said: "The palm oil market fundamentals continue to look positive, with significant shortfalls in production at a time when demand is expected to continue increasing. The palm oil price continues to strengthen, pushing towards the highest recorded pricing in the last twelve months." Cash levels dropped significantly from $6.8m to $1.3m.

Construction firm Titon Holdings made a significant loss during the half year ended March 31st of £0.4m (2011: profit £0.29m) on revenue of £7.5m, slightly lower than £7.56m the same period the previous year. Cost of sales rose slightly from £5.8m to £6.0m. Earnings per share fell from 59p to a loss of 2.79p, but this didn't stop the company declaring an unchanged dividend of 1p per share. Cash levels fell from £3m to £2.2m. The firm admitted that it does not anticipate a significant recovery in either UK or overseas markets in the second half year, saying that "accordingly, we will take measures to reduce our overheads in the period consistent with the current economic climate"

Marketng and advertising firm Adventis Group has reported a significant reduction in its bank indebtedness, which has fallen from £2.2m at the end of 2011 to £1.5m. However, the company admitted that it had been unable to secure sufficient commitments from new investors to carry out a proposed equity fundraising which it had hoped would generate around £3.0m. The company is now looking to sell its technology division as a way to repay its bank debt. The firm said it believes the two technology businesses could be sold for more than enough to cover the amount it owes to the bank.

Shares in gaming firm Sceptre Leisure plunged over 50% as it announced plans to cancel its listing on AIM, saying the share price does not reflect the value of the company and calling an emergency meeting at which shareholders will vote on the matter. The directors, who hold a collective 38.45% of the issued shares, have already pledged to vote in favour of a cancellation. 75% of votes need to be in favour in order for the cancellation to go ahead. The firm also blamed poor market conditions and the costs of listing on AIM for its decision. The stock was once above the 100p mark but in recent months had fallen to around 13p and on Thursday plunged to just 6p.

Aptly named restaurant group Tasty has agreed a 2.5m-pound three-year revolving bank facility which will allow it to continue the expansion of its restaurant estate.

Roy Lipski, Chief Executive Officer of Oxford Catalysts pointed out: "With its vast reserves of natural gas and significant quantity of flared gas, Russia represents a major potential market for GTL"