The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
A recomendation from Fools, surely a kiss of death
https://uk.finance.yahoo.com/news/shares-ve-bought-bp-104527697.html
https://uk.finance.yahoo.com/news/shares-ve-bought-bp-104527697.html
Greencore Group
Q1 update – off to a positive start
Greencore’s healthy Q1 like-for-like (LFL) growth of 5.8% (excluding Trilby and contract exits) was supported by healthy Christmas trading, with manufactured volumes ahead 5.6% over the four week period. Food to go (FtG) performance was supported by an overall sandwich LFL volume increase of 3%. Profit conversion was in line with management expectations, with cost inflation abating across raw materials and energy. The group anticipates FY24 profit delivery to be in line with current market consensus. As such, we envisage limited changes to our forecasts.
This mornings analyst
Tullow Oil
Trading statement
Tullow’s trading statement confirms that free cashflow generation in 2023 was above guidance at $170m. Guidance for free cashflow in 2024/2025 of over $600m at $80/bbl remains unchanged and would reduce net debt below $1bn. Production guidance is below our forecast but is offset by lower capex.
Revue from Davy s Ireland, cannot get what it points too.
Tullow Oil
The investment case is shifting
Tullow Oil has made huge strides in dealing with its debt. Most recently, this includes the Glencore loan facility and tender offers – leading to a rally in its bond price despite weakness in the oil price. The decline in the financial risk profile has had minimal impact on the share price. This reflects a shift in the investment case.
CRH announce new deal with Caterpillar re electrification of equipment
https://uk.finance.yahoo.com/news/caterpillar-signs-strategic-agreement-crh-143300461.html